Smart Betting Club SAMPLE REVIEW:
Bet Alchemist
First published January 2015
This week we’d like to share a sample review of a racing tipster Bet Alchemist from January 2015.
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Service In Brief: Ireland-based horse racing tipster, advising most bets each way with prices within the longer odds ranges. The Bet Alchemist service started issuing betting advice to the public in December 2012.
Service in Detail: Bet Alchemist is run by 40 year old Nicky Doyle. Based in Kilkenny, Nicky grew up in the heart of horse racing country in County Wexford. With this background and influenced during his formative years by his racing-crazy elder brothers, he was always destined to play some sort of role in the sport of kings. Not only does Nicky now run the Bet Alchemist service, but he has also joined the ranks of racehorse owners and has the lofty ambition of owning shares in a Cheltenham or Punchestown Festival winner.
Approximately 80% of all bets are advised each way, the rest being win only with the occasional multiple bet thrown in. The average odds for the each way and win bets stands at 11.2/1, so we can see that Nicky likes to play at longer prices. The winning strike rate for the each way picks is currently 10.9% (with 33.3% of these selections placing), and 28% for those horses advised win only.
Sample bets:
Advised Monday Morning 29th December
Leopardstown – 14:00
½ Point *EW A Sizing Network (7/1 Boylesports & Ladbrokes else 13/2 generally, use *B.O.G)
Leopardstown – 15:05
1 Point Win Mala Beach (4/1 generally, use *B.O.G)
Bet Alchemist Results:
It should be noted that credit is due to Nicky, who does account for Rule 4 deductions when keeping official performance records, something that many horse racing services decline to do.
We can see that the figures returned are very impressive; an ROI of 21.7% highlights the considerable potential of the Bet Alchemist service, as does the fact that a starting bank of 100 points has more than tripled in just over two years of betting.
As you would expect from such figures, the graph charting betting performance looks impressive:
Irish Racing Results:
As previously noted, Nicky was born and raised in Ireland and when we analysed his results, it was notable that a good number of his bets have been struck in races on the Emerald Isle. Perhaps only fellow Irish tipster Will Lattimore carries a higher proportion of bets in Irish racing.
With this in mind we broke down the results to separate those achieved in Ireland from those bets on runners in the UK and elsewhere.
An ROI of 41.4% and a level of profit that accounts for 84.74% of total service profit demonstrates clearly that Nicky is able to fully exploit his in depth knowledge of Irish racing to the benefit of his subscribers.
We asked Nicky if there are any obvious reasons for the huge edge he apparently holds in his home country. Here is what he said:
Betting Bank & Drawdown:
We recommend a bank of 100 points for following Bet Alchemist, which is based on simulations and a comparison with other horse racing services of a similar profile. This is higher than the 80 points that Nicky himself suggests, but as you know we always prefer to err on the side of caution, especially until we have followed a service for some time and allowed confidence to grow. An 80 point bank we see as just about acceptable, but representing the bare minimum required.
The largest drawdown so far has been 40.2 points, suffered between early May and the end of August 2013.
To help observe price availability, we asked our service tester, Gregor to keep an accurate record of the prices he was able to track at the time of advice. Gregor’s record is actually marginally better than the official profit and loss records kept by Bet Alchemist for the period November 2013 to November 2014.
Odds Availability:
We asked Nicky for his thoughts on the issue of odds availability:
Summary
Bet Alchemist is a service of many obvious positives. The performance figures after 1,300+ bets are impressive. It is a well organised service, and pricing levels are set at an affordable level.
If the current levels of performance can be maintained, then there is definite potential for inclusion of Bet Alchemist in the Hall of Fame. Prior to such a move being made, we would first like to further analyse the issue of odds availability.
We have found Nicky very pleasant to deal with, providing full and comprehensive answers to any questions we have asked him. A real pride in his service is apparent, as is a desire to satisfy his customers. We await his new website with eager anticipation.
To sum up then, in Bet Alchemist we have a service with real Hall of Fame potential, and we look forward to monitoring progress moving forwards.
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