Rays Lays is a very long standing lay betting tipster service for horse racing. It is operated by Ray Mills and has previously operated under Steve Davidson’s Winningmore platform.
What does the product offer?
Lay betting is often advertised as the simple and much easier cousin of backing a horse. I have heard countless bettors, some professional, most amateurs, who have talked about how easy it is to pick a loser. In theory, they are correct, however the skill in lay betting is ensuring that you can keep a profit and don’t blow your budget when a few winners inevitably land.
With this usual mindset at the back of my mind, I was very pleasantly surprised when I started to look into Rays Lays. It is very clear that Ray Mills takes finding a loser every bit as serious as most tipsters take finding a winner. In fact, he even says “many [lay betting systems] imply that laying horses on Betfair is a license to print money, which of course it isn’t”. With that and a long history under his belt, I was very excited to see what Ray Mills has put together in Rays Lays.
As a tipster service, Ray Mills isn’t doing anything that will revolutionise the industry. In fact, the logistics of Rays Lays are very typical. Selections are issued to subscribers each morning via email and are typically sent out around 10am. It is worth pointing out that bets aren’t issued on a daily basis and when there are selections, there are typically just one selection per day.
Rays Lays is a lay betting service and this means that it is impossible to talk about it without talking about odds. First of all, Ray Mills is very clear that if the price on a horse that he has selected isn’t available for less than 10.0 on Betfair, then you shouldn’t lay the bet. Typically, the horses that are selected for Rays Lays aren’t close to this number however with the average BSP sitting at 4.95.
All of this really just leaves the numbers side of things to look at and this is actually one of the most interesting aspects of Rays Lays. The staking plan that is in place has been created to ensure that you aren’t ever putting more than 5% of your betting bank at risk for a bet.
This is an approach that I can’t immediately recall having ever really seen with lay betting before, however Ray Mills appears to be on to something here. This set up means that when Rays Lays loses, your bank is always able to recover. Of course, if you find that this approach isn’t working for you, you can just as easily follow Rays Lays to level stakes.
In terms of the strike rate, Rays Lays has lost 41 bets this year. This sounds like a lot however given that there have been 226 selections, this represents a strike rate of 81.84% which is a respectable enough number for a lay betting service. As I will explore however, this may not be enough for Rays Lays to be worth your while.
How does the product work?
Ray Mills is very open about what the selection process for Rays Lays involves. In his pre betting days, he was an analyst and programmer on a number of relational databases. He has also maintained his own database of horse racing data going back as far as 2000 as well as a database of Betfair prices going all the way back to 2008.
From here he has developed software which looks at this massive amount of data and identifies patterns where there is a profit to be made from laying horses. Whilst he doesn’t go into the algorithm behind Rays Lays (and reasonably so), we are told that a number of factors are considered by the software. This includes: “ form, fitness, suitability of going, suitability of the course, suitability of the distance, type of race, trainer form, jockey etc”.
What is the initial investment?
Rays Lays is sold on a subscription basis with Ray Mills typically charging just £29.50 per month for access to the service. At the time of writing however (and it appears for the immediate future), you are able to get access to Rays Lays on a 2 week trial. This will cost you just £1. Payment for both options is handled directly via Paypal. As is typical for tipster services, there is unfortunately no money back guarantee in place.
What is the rate of return?
So far for 2017, Rays Lays has made a profit of £807.01 which includes Betfair’s 5% commission and is based on a £1,000 starting bank. Using this number, it seems reasonable to presume that Rays Lays will have doubled its bank by the end of the year which isn’t a terrible result. I happen to know that under Winningmore, Rays Lays has performed better than this before now and I see no reason why Ray Mills cannot do this in the future either.
This is Ray Mills’s first year as an independent tipster and with that in mind, I think that he has done pretty well. Don’t get me wrong, this isn’t to say that the results have been mind blowing. In actual fact, I would go as far as to say that they could quite easily be construed as a bit of a disappointment, however to take this stance is to miss the point of lay betting as a method of making money online.
Lay betting has never been about making massive amounts of money in a short space of time. It has always been a slow burner and even the best examples only have an ROI of about 10%. With that in mind, Rays Lays doesn’t look quite so bad. The historic results that have been attained by Ray Mills under other banners are even more impressive.
With all of this in mind, I feel that the last question that hangs over Rays Lays and really, the defining question with Rays Lays is whether or not there is any value for money to be had here. This is one of the more straight forward questions surrounding Rays Lays however as I think that the answer is a rather resounding yes.
Ray Mills has priced Rays Lays very reasonably and this is a massive factor in the appeal of the service. Even as it currently stands you would be in profit for the year including your subscription costs. Admittedly, you may only “pay for Christmas” as it were, but for some people, this is all that they are looking for. A small amount of extra income each year. If you are looking for a low risk and low yield investment, I think you can probably do worse than Rays Lays. Those who are looking for something with a bit more weight will be better elsewhere.