The Place Lay Formula or even “Michael’s” Place Lay Formula, is a system designed to lay certain horses in the place market on Betfair. The manual is the usual PDF format guide, and is 32 pages long. Fortunately, the content is not spoilt by padding it out with how to use Betfair etc.
So, the system itself takes you through approximately 8 or so steps to find your selections. On an average day after applying the prescribed filters, you are usually left with 2 – 3 lay bets at prices of between 3.8 – 4.5. Now remember, this is laying in the place market not the win market on Betfair.
Another insight given by the manual, is the use of a bot called ‘Fairbot’. A free trial download of this bot can be obtained, and what a good little piece of software this is. It may not have all the bells and whistles that other more well known products have, but this is a nice simple starter bot, that does the job for this system really well.
Back to the guide, there are a number of clear examples of how to pick your losers. A good selection of screen shots along with narrative ensures that the reader fully understands the systems concept.
From the trials I have conducted, I am confident that this is a sound system. The results page on the website is updated at regular intervals, and give or take one or two selections, which could be down to pure personal preference, all appeared to correspond with my own selections, so no apparent misleading of figures here.
So to sum up, a good system, that does require you to follow the live markets just before the off, and does benefit from the use of Fairbot, although this is not essential, as all required details can be obtained from Betfair itself.
Not 100% mechanical, as at times there may be an element of personal preference but overall a well thought out and logical system that should be added to all betting portfolios.
Definitely worth paying money for and in my opinion a long term winner.
