The Laying Loophole is a lay betting tipster service which is operated by an entirely unnamed tipster. It focuses predominantly on horse racing and football, however there are supposedly occasional bets for other sports.
What does The Laying Loophole offer?
There is a hell of a lot in a name and there are certain things that always set alarm bells ringing. One such word is “loophole” and lo, ‘tis right there in the title of The Laying Loophole. Prominently too. For those who don’t understand this aversion, I have looked at a lot of products which claim to exploit a loophole, of those I can count the number that actually do on one hand.
Loophole to me has certain connotations. It suggests exploiting a flaw or a weakness in a system. From what I have seen of The Laying Loophole, it is simply a run of the mil tipster service so let’s keep that in mind as we look at whether or not it is actually any good.
As a service there is nothing new that you can really expect from The Laying Loophole. Selections are sent out on a daily basis to subscribers.
This is sent out directly via email. All that you supposedly have to do is “place the bets, leave the PC, and wait.
Of course one of the things that is important when you receive selection is ensuring that you have enough detail To be fair to The Laying Loophole in this regard, it does more than most tipsters however it is worth pointing out that the nature of lay betting also makes this a requirement.
What is The Laying Loophole?
This leads nicely into the bets themselves. As the title of The Laying Loophole clearly states, this is a lay betting service. This does mean that you will need an account through Betfair (whilst there are other betting exchanges on the market, Betfair is generally the most fluid).
There are a variety of odds covered with The Laying Loophole and this is not a bad thing. In terms of the numbers of bets, you can expect around 3 per day covering various sports.
All of this only really leaves the numbers side of The Laying Loophole to consider and there are a few things to consider here. The first is that there is no real staking plan in place.
This means that you should probably aim to keep stakes low although this does not ultimately protect you when it comes to paying out liabilities (I will cover all of this in detail below).
Finally, there is the subject of a strike rate. For any lay betting service it is not unreasonable to expect a higher win rate than if you are backing horses. In the case of The Laying Loophole, there are simply no claims made.
This is massively concerning for me for a number of reasons, not least of which is because the returns from any lay betting service are generally pretty low. This means that you have to win often in order to make a profit.
Given the lack of a claim, proofing and limited results, I can only treat The Laying Loophole as though this is not going to be a particularly strong number.
How does The Laying Loophole work?
Reading through the sales material, you could be forgiven for thinking that The Laying Loophole is going to teach you how to act as a “bookmaker” on Betfair.
There is a lot of talk about how bookies cannot lose, how they are rinsing punters and so on and so forth. The sales material even says that a friend of the tipster behind The Laying Loophole showed him “that lay betting gave me the power to act as the bookmaker).
With this in mind, I initially anticipated something that talks about balancing a book, building in profits etc.
Instead of anything nearly this practical, we are simply told that we will receive lay bets on a daily basis. More importantly, there is nothing that talks about what the selection process for the bets that The Laying Loophole sends out entails. This is a massive problem for me.
What is the initial investment?
There are two options available for those who want to sign up to The Laying Loophole. The first of these is a one off payment which provides you wit ha month of selections.
This is priced at £19 plus VAT. Alternatively, you can opt to make a one off payment of £57 which gets you 6 months of selections. Irrespective of what you choose to sign up for, there is a full 60 day money back guarantee in place.
What is the rate of return?
The sales material for The Laying Loophole is actually rather sketchy in terms of how much you can potentially earn. Yes, there is a headline which says than you can make an average of £169.88 per day, but there is nothing to back this claim up.
On top of this, there are a lot of numbers which are thrown about ranging from £250 to “any amount your brain can fathom”. The problem is that all of the numbers quoted in terms of how much you can earn are entirely abstract without more detail.
Conclusion on The Laying Loophole?
There is a lot about The Laying Loophole that hasn’t quite sat right with me and it would appear that this is for good reason although I will get to this.
The most important thing to me is that zz seems to really misunderstand what lay betting is all about. Making the comparison to being a bookmaker is ludicrous as any seasoned lay bettor or bookmaker will tell you.
They are very different disciplines and I believe that this is a very exploitative marketing approach and is not reflective of the system itself.
In terms of the quality of The Laying Loophole, I don’t believe for one minute that you are going to get close to the claimed results. Not without massive stakes or a hell of a lot of betting, neither of which is ideal.
The fact of the matter is that for a lay betting service to be profitable, you need a strike rate of between 70 and 80 percent, dependent on how much you are staking, the odds you are betting at etc.
This applies doubly so when there is no real rhyme or reason to the selections as appears to be the case with The Laying Loophole.
All of this is rather concerning for me. Even when you factor in the comparatively low costs, I can’t see any value to be had here and that is the nail in the coffin. Evidence is king with any service and zz appears to go out of his way to avoid providing this with The Laying Loophole.
As such, you are left with a service which carries what must presumed to be quite a substantial amount of risk It only takes a few losses with lay betting to dent your profits severely however at no point in looking at The Laying Loophole have I found anything that suggests this has been considered.
With this in mind, The Laying Loophole simply isn’t worth pursuing in my book, no matter how cheap it is.
