Several members contacted me recently regarding the Stable Income Plan after having received promotional e-mails over the last couple of weeks. The author claims that the system has made over £39,000 profit this year and that these results have all been “independently verified”.
I contacted the author on two separate occasions with a view to doing a test and review of the system, but did not receive a reply. I also contacted him separately posing as a potential customer asking for more information on the system, but again had no reply.
So that’s 0/10 for customer service, and the first alarm bell began to ring.
Not to be put off, I visited the Stable Income Plan website and scrutinised the sales blurb. This is obviously a laying system where you bet on horses to lose at Betfair, and which they claim is based on a “mathematical formula” that gives a 78% strike rate.
The website invites you to check their past results against the results archive available at the Racing Post, which I did.
The first thing I noticed when comparing the results is that the Stable Income Plan results are published to bookmakers’ SP and do not take into account Betfair commission. Now if you have any experience with the betting exchanges you will know that it is not possible to consistently lay at SP prices, as odds on the exchanges are on average 20% higher. You also pay a standard 5% commission on your winnings.
In my opinion anybody selling a laying system should publish their results at Betfair SP, not bookmakers SP, and should include 5% commission on all winnings.
Claiming results at bookmakers SP is just false advertising, because the results they claim will NEVER be achievable in real life!
When checking through the results I noticed another thing – it’s pretty obvious what the system criteria are! Every horse was a second favourite priced at 4/1 or below. The website states that the system can be fully automated and that no form study is required – so what other criteria can there be?
Now as I said I don’t actually have a copy of the system so it may well be that there is something I’m missing, but I did have a thorough check through the results and I really don’t think so.
So that’s your “mathematical formula” folks – lay all 2nd favourites at 4/1 or below. I bet Pythagoras is kicking himself that he didn’t think of that one!
I think I might have just saved us all £99.95. Yes that’s right, they are charging £99.95 for this “system”. It makes me a little sick to think they can get away with it.
The simple fact is that ANY system based only on price and market position will appear profitable if results are recorded at bookmakers SP because the price they claim will take into account the bookie’s over-round. But in real life you will never achieve the figures claimed, and by trying to implement this on the exchanges you will lose.
Do not be fooled by the claims on this website. For example they claim that the results “have been independently verified” but they don’t say by whom, or where you can check this.
Their “full money back guarantee” applies only if you can show that their claimed results are incorrect. Well they’re all correct, it’s just that it’s impossible to replicate them. The result, I suspect, would be that they would refuse you a refund.
To sum up, I sent one final e-mail to the author, again posing as an interested potential customer with a couple of questions. I asked:
- 1 – How can “lay all second favourites below 5.0″ be described as a mathematical formula?
- 2 – Do your results take into account Betfair commission?
- 3 – Are your results based on SP or Betfair SP?
- 4 – Where have the results been independently verified and how can I confirm this?
The response? Well you’ve guessed it – I’m still waiting.
I must say again that I don’t have the system so there is a possibility that I am completely wrong. If this is the case, I invite the author to contact me and I will conduct a full test of the system as I originally intended. I’m not holding my breath though.
If you have £100 to spend then I would advise you not to waste it on garbage like this. Instead, consider investing in Bet Bot Pro. This excellent piece of software will allow you to develop your own ideas and test them out in simulation mode without using real money. When you find a profitable idea it will automate it for you.
One thing’s for sure, you’re pretty much guaranteed to come up with a better idea than the Stable Income Plan.
Rating 0/10 – I was unable to test this system but would advise extreme caution before spending your money on this.
If you hate money, you can get the Stable Income Plan here