My Favourite Lays is a new horse racing tipster service which is being offered through Sportsworld Publishing. It is being operated by their long time collaborator Roger Purssord.
Introduction to My Favourite Lays
If there is one thing that frustratingly, I don’t seem to be able to find it is a consistent lay betting tipster service. Honestly, I can’t tell you why, but it seems like so many of them have a decent set of results, only for a few bets to go the wrong way and then all of a sudden, your betting bank has taken a proper hammering.
The irony of this is, of course, the fact that picking a horse to not win out of eight runners should be a damn sight easier than picking out one horse to win. All of this brings me to My Favourite Lays, a tipster service which has a surprising amount of pedigree if you believe Sportsworld Publishing.
With Roger Purssord having been in the horse racing game for at least 15 years, there is also bags of experience. With all of this in mind, I am quite keen to see whether or not My Favourite Lays can finally be a lay betting tipster service that warrants being a part of your portfolio.
What Does My Favourite Lays Offer?
As far as tipster services go, Roger Purssord and Sportsworld Publishing aren’t necessarily doing anything to really change the landscape of betting here. Given that you are dealing with more than 20 years of experience though, I don’t necessarily see that as being a bad thing.
What this means for My Favourite Lays subscribers is a pretty typical daily tipster service. Selections are emails out on the morning of racing, usually before 10am. So far, so good. However, there are also a number of elements to My Favourite Lays that are unique to the service and these are the kinds of things that I want to touch on here.
I want to start by stating the obvious, My Favourite Lays is a lay betting tipster service, which means that all of the bets that are advised are lay bets. In turn, this means that you will need an account with a betting exchange. Roger Purssord and Sportsworld Publishing recommend Betfair and honestly, I am inclined to agree with this recommendation.
Whilst their may be exchanges with lower fees, Betfair simply has more liquidity. Now, when you receive selections, it is recommended that you place your bets with your exchange of choice as soon as you receive them. This is however dependent on the odds that are available being lower than 15.00 (however there are some additional factors relating to this that I want to talk about later).
In terms of the volume of the bets, My Favourite Lays doesn’t tend to be a particularly high service.
Now, My Favourite Lays is a lay betting service and as such, staking plans tend to be a pretty straight forward affair. In this case, Roger Purssord and Sportsworld Publishing recommend a level staking plan of just 1 point on all bets. However, as this is a lay betting service, the concern does not necessarily lie in how much you are staking, so much as the odds that you are laying at and your hypothetical liability.
Now, as mentioned, in theory, your maximum liability should be 15 points, however Sportsworld Publishing’s proofing shows that My Favourite Lays has historically staked against much higher odds than this. In terms of the average odds, you are still looking at quite a high number.
Finally, I want to talk about the strike rate for My Favourite Lays. This stands at some 90% which is roughly in line with what I would expect from a lay betting tipster service. It is worth noting that this number is based off Sportsworld Publishing and Roger Purssord’s proofing which is only for a slightly limited time period and ultimately ends on the 14th of June.
The fact that we are missing around a month of proofing for My Favourite Lays is definitely disappointing, however you are still ultimately looking at some 7 months of proofing which I think does reasonably give you a good idea of what to expect.
How Does My Favourite Lays Work?
We are told that when it comes to My Favourite Lays, we are told that Roger Purssord picks “the favourite most likely to lose” for each race meeting. Unfortunately, that is about all that we are actually told. Other than this, there isn’t really any information or insight provided.
This is particularly disappointing for me as Roger Purssord and Sportsworld Publishing have supposedly been working together for a long time, this includes him providing a number of self selection services. As such, you would expect that there would be little problem in providing at least a decent amount of insight into the selection process. Instead, we are apparently supposed to be content with just being told that Roger Purssord has 15 years of experience.
This is all somewhat offset by the fact that there is that proofing in place, however for my money, it isn’t quite enough. None the less, this does counts as some mitigation and it will provide you with at least a reasonable amount of insight into what you can expect from My Favourite Lays in the longer term.
What is the Initial Investment?
There are two different options available from Sportsworld Publishing if you want to sign up to My Favourite Lays. These are a monthly which is priced at £40 per month, and a quarterly option which is priced at £90 every 3 months.
It is worth noting that at the time of writing, your first month with My Favourite Lays will cost you just £20 and your first quarter will cost you just £60 representing some pretty decent value. Payment for the services are sold directly through Paypal, and unfortunately, there isn’t really any money back guarantee in place with the services that Sportsworld Publishing offer and this does include My Favourite Lays.
What is the Rate of Return?
Since Sportsworld Publishing started proofing My Favourite Lays on the 1st of December, the service has gone on to produce an overall profit of £1,398 to £10 stakes. This means an effective profit of 139.8 points. It is worth noting however that this number does include a small loss for the end of June/start of July.
All of this come together to an average monthly profit based off the proofed period of a tad under 20 points. Realistically though, these aren’t terrible results and work out at an ROI of approximately 27%.
Conclusion on My Favourite Lays
There was a time when lay betting was seen as the some kind of great hope for making money through betting. Honestly, I don’t think that this is an unreasonable statement on paper.
As I have already stated, it makes an undeniable sense that you will find it easier to guess which horses will lose than which horses will win. However the truth of the matter is that it is a very hard thing to pull off, and the big question that hangs over My Favourite Lays and Roger Purssord here is whether he achieves this.
The short answer is that probably, yes, just about. You see, the results that have been generated are pretty darn good looking. 20 points per month isn’t a bad results, and there has been a decent amount of consistency in obtaining these results as the proofing from Sportsworld Publishing demonstrates.
Looking at the other quantifiable aspects of the service, there are a number of additional things that stand out as being pretty solid, particularly the strike rate.
One area that may potentially be concerning though is the possible liability. Whilst Roger Purssord says that you shouldn’t be laying horses if the odds are more than 15.00 on the exchange, that still leaves quite a substantial outlay if that horse wins.
Now, the aforementioned strike rate would suggest that you won’t find this happening on the bounce too often, but it has happened before and it is something that you should be aware of when you are deciding if My Favourite Lays is really right for you.
Finally, I want to talk a little bit about value for money, and honestly, this is one of the harder things for me to work out where I stand. You see, what Sportsworld Publishing and Roger Purssord are asking for My Favourite Lays is about at the top end of what I consider to be acceptable for most tipster services. It has also made an average monthly profit that stands a little higher than I would typically expect.
As such, I would say that if you are getting similar to the historic results, then My Favourite Lays probably does represent value for money, but it is a relatively close affair in my opinion.
So, would I recommend My Favourite Lays? If you are particularly looking to add a lay betting tipster service to your betting portfolio, then you can do worse than My Favourite Lays. By and large though, I will say that if you simply looking for a tipster service, then there are probably better options out there than My Favourite Lays.
To clarify, Roger Purssord doesn’t seem to have put out a bad product at all, but when put into the context of a much wider net of tipster services, I don’t think that it is necessarily outstanding.