3 Day Lay is a new service which is being operated by Phil Allen. It claims to provide users with a method of generating consistent income through horse racing lay betting.
Introduction to 3 Day Lay
Lay betting as a concept is something that I haven’t really had much luck with. I understand the workings of it, I know that plenty of people make money from it and whilst I don’t think I’ve ever lost out, I have never really done particularly well off it either.
This is in no small part down to the fact that whilst picking losers is easier than picking winners, having the right strategy in place and manging your money correctly is key to making it work properly. Enter Phil Allen who ask asks if you are serious about making £100 or more in just 3 days.
What Does 3 Day Lay Offer?
There are a few different angles when it comes to 3 Day Lay, each of which should be considered to bring something to the overall package. There is also rather a lot of ground to cover, some aspects of which are more important than others. With this being said, I do hope that it can be excused if this article is a little bit less structured than normal. Having got that out of the way, let’s look at 3 Day Lay.
The first thing that I want to talk about is the bets themselves. It has been mentioned several times no that 3 Day Lay deals exclusively with lay bets. It’s right there in the title. This means that you will need an account with a betting exchange (as always, I would recommend Betfair.
There are other exchanges that charge less commission, however they also lose some liquidity in the market). When it comes to this betting side of things, you get assistance from Phil Allen in identifying which bets you should be laying. It is worth noting however that based off some of the historic data, there can be a lot of bets.
There is a staking plan of sorts in place for 3 Day Lay. Phil Allen says that you need a betting bank of just £50 in order to get started using the strategy. This is however based off £10 bets and as such, the wrong bet can wipe out a betting bank entirely if you are starting out (I will talk about this in more detail below).
Supposedly there is a balance between the risk that comes with this bet and your potential liability should the horse you laid win, but this isn’t discussed in any real detail. It is worth noting however that there are some pretty long odds which could potentially mean substantial liabilities.
One of the things which is described in slightly greater detail is the strike rate. Phil Allen claims that on average, 3 Day Lay has achieved a figure of 93%. This appears to be based off just one week however which is demonstrated as a result. I am rather disconcerted by this point as I believe that there should be much more substantial proofing for 3 Day Lay. Especially when you consider how long it is suggested the service has been active for.
There is also a second method as well which allows you to place lay bets in a “set and forget” fashion which would arguably be better suited to somebody who cannot actively bet through the day.
How Does 3 Day Lay Work?
For those who aren’t familiar with the concept of lay betting, what you are essentially doing is betting on a horse to lose. If it does, you see your stake back as a profit minus commission from a betting exchange. The core idea behind 3 Day Lay is that you are constantly betting on the grounds that you aren’t going to lose.
Once you hit your profit for the day, you stop. I have seen this approach before and it does tend to have mixed results. What is particularly concerning in the case of 3 Day Lay however is that Phil Allen appears to advocate simply betting through your losses.
What is the Initial Investment?
At the time of writing, 3 Day Lay is rather cleverly being marketed as a waiting list and so I cannot say what the costs will be when Phil Allen makes it live again. For reasons that I will explore later however, it seems unlikely to me that the costs will be much higher than £30. There will also be a money back guarantee in place as 3 Day Lay is ultimately sold through the Clickbank platform.
What is the Rate of Return?
The pattern for 3 Day Lay is that you will make £100 every few days. This is repeated a number of times and is the key selling point of the service. The second system also demonstrates that there is potential to make even more money. This talks about generating an additional £150, again every few days. It is important to keep in mind however that there is very little evidence to back this up.
Conclusion on 3 Day Lay
There are two different aspects to 3 Day Lay that need to be considered. The first is what the product presents itself as. In this regard, I have a number of problems with the strategies and the approaches that are presented. The first pertains to the way that Phil Allen talks down the risks that are involved, a factor that is no doubt linked to the highly questionable strike rate. I feel quite comfortable saying this as the highest strike rates that I have seen from genuine lay betting services come in around 75-80%.
The fact of the matter however is this. The recommended betting bank is £50. This means that if you have an unlucky first bet, your bank is gone. Some of the odds that I have seen so far and actually, had one of those been a first losing bet, you would have decimated your betting bank several times over. This is potentially a very big problem.
All of this brings me on to the “real” side of 3 Day Lay. Whilst Phil Allen is supposedly the creator of the strategy etc. the service is linked in the background to a company called Circle Media. They are very well known in certain circles for pumping out products relating to betting.
These take a variety of forms and 3 Day Lay unfortunately seems to be the latest. The unfortunate truth is that historically, I don’t recall having seen a single service of theirs making money in anything resembling the long term.
Even without all of the above, I simply couldn’t recommend 3 Day Lay on the grounds that I don’t believe that there is anything tangible to the system. It is the kind of thing that I have seen so many times before now that seems great but is eventually destined to fail. Factor in the back end stuff and it becomes even clearer. With all of this in mind, it probably doesn’t come as any surprise that 3 Day Lay isn’t something that I could recommend.
