http://www.bettolose.co.uk/ is a laying service run by Kevin Curry, which incorporates three types of selections. Firstly, we get STOP AT A LOSER selections, which operate using loss retrieval in a betting cycle of three selections stopping at a loser as the title suggests. Secondly, we get one a day lay selections. Thirdly, we get short price lay selections.
I expect you are saying “not another loss retrieval service – YELP” or words to that effect. You are already aware of the debacle that was Autolays, which operated loss retrieval on short priced horses in a betting cycle of 5 (blowing betting banks to smithereens twice in less than a month). And, yes, alas, this has occurred with http://www.bettolose.co.uk/ as recently as 13th February 2009.
The following selections were given for that day:
Time Meeting Horse Number B/F Odds
1.45 Ling Bridgewater boys No2 2.7
2.45 Ling Northern desert No1 2.9
3.45 Sand Ronaldo de mottes No10 3.7
All three selections won their races. Using a basic lay ladder loss retrieval calculator, let’s take a look at the cumulative loss:
Just with a target profit of £10, the cumulative loss liability really is big.
Imagine we are looking to win £10 a day target profit. Just one of these days where all selections happened to win their races makes a huge dent in our previous profits.
As I have said in the past, loss retrieval tipsters (be they on the backing side or the laying side) will inevitably reach the day when all selections chosen do not perform as expected.
You’ll remember 5 Star Tipster, whose original owner just couldn’t make it work. And of course there’s that scoundrel Henderson at Autolays. The track record, regardless of how good the intentions of the person behind the service, show that loss retrieval does not seem to be a viable proposition. And Kevin Curry is a very well intentioned man.
His customer service has been excellent and £35 per month is a highly manageable fee. BUT one day like the 13th February can be so disheartening.
On a day like this there is a recovery plan in operation, which seeks to win back losses over a 10-day period.
The assumption is of course that these 10 days will be successful days for the stop at a loser bets, and that customers have sufficient funds remaining in which to work the plan
I have been receiving advice since 24th January when all bar the 13th February have been successful for the stop at a loser bets.
Kevin also offers one a day bets and short price lays. I’m assuming these one a day and short price selections can be laid to level stakes or be used with the BTL staking plan (the loss retrieval). However, with the latter there have been losing runs of 4, 5 and 3 which surely won’t bode well for the loss retrieval aspect.
Bottom line
You know by now that loss retrieval can be a problematic area for tipsters who seek to utilise and sell it as part of their services.
Even with this service, inevitably a disastrous day arrived. Kevin Curry, it must be said, is a customer services oriented person but there is no hiding from the losses of 13th February.
It remains to be seen how the recovery plan works over the next 10 days, but I should be able to report back in the next newsletter.
Kevin claims that these anomalous days have occurred on two occasions only, hinting that, on the first occasion the recovery plan worked. On the plus side, the losses on 13th February represented 27 days (roughly speaking) at £10 target profit per day. Hopefully over the long term Mr Curry can maintain his performance as before with these wipeout days becoming anomalies.
The fact the betting cycle was only three does help greatly reduce the losses. I am not too impressed with the one a day or short price lays.
Twenty-three selections have actually won their races, with 14 losing their races (and thus winning for us). Not wishing to be flippant, an excellent profit would have been made backing these selections to level stakes given their general prices.
Overall, then, faith must be kept that 13th February (Friday the 13th!) was just ‘one of those days’. The losses were minimised by the fact that the betting cycle was kept at three. If long-term profits are to be maintained then this ‘blow out’ must be minimised. Mr Curry’s previous record indicates future high strike rate success for the stop at a winner element. It is with this in mind that I cannot fully dismiss this service – it only remains for me to remind you of the plight of previous loss retrieval services. The key factors to success are based solely on future performance and the ability of the recovery plan to retrieve losses. Anyone who joins a service such as this should KNOW in advance the potential losses that will be incurred when a losing betting cycle arrives.