Race Formula 88 is a new to market horse racing tipster service which is operated by Dave Price in conjunction with Mark Sears and Ryan Simmons. The service is claimed to be incredibly profitable.
Introduction to Race Formula 88
There are some quite simple statements that can be made in terms of making money through any given tipster service. One of the more obvious ones though is that if a tipster service is winning frequently enough then it will prove profitable.
Sure, there are plenty of variables when you say this (I think one of the most common examples has to be that if you bet exclusively on favourites, you would need a strike rate in excess of 70% in order to turn a profit).
Given the claims that Dave Price makes about the ability of Race Formula 88, there should be nothing but profits to be had, and supposedly, they are by the bucketload. Factor in that this is a decidedly inexpensive service given the claims and you have something that is seemingly a no brainer.
What Does Race Formula 88 Offer?
At its core, Race Formula 88 is a pretty straight forward horse racing tipster service in more ways than one (despite some very lofty marketing).This includes the logistics of the service which are about as typical as you would expect from this kind of tipster service (I want to pick up on what that means a little later).
What this means is that selections are issued to subscribers directly and on a daily basis. All that you are told from here is that you can place Race Formula 88’s selections through any bookies. This is the first of many indicators to me that there are questions to be raised about the service.
Despite the rather flamboyant marketing and the claims that Dave Price makes about his service, Race Formula 88 retains the aforementioned basicness when it comes to the bets that are placed. From what little I have seen so far, you will exclusively be backing horses to win.
Unfortunately, a lack of any real data for Race Formula 88 means that it is difficult to know whether there will be variance on this. The volume of bets involved is relatively low with Dave Price saying he has to do “nothing more than placing a few bets on [his] smart phone”, a task that is supposedly “taken care of before the kettle’s boiled in the morning”. There are a range of odds that I have seen, however these do appear to be rather narrow.
Moving on to the staking plan, there doesn’t seem to be anything in place for Race Formula 88 and that is very concerning for me. As you would expect from a service that makes the kind of claims Dave Price does, all of the claimed profits are in pounds and pence. Now there is a strong argument for this from a marketing perspective, however it does withhold some rather basic information from potential Race Formula 88 subscribers.
For example, Dave Price claims that he makes “around £15,000 per month” from betting. But with no details of what he is betting in order to get these results, the numbers don’t really mean anything.
Finally, I want to come back to a point that I started picking up in the introduction and that is about the strike rate for Race Formula 88. It says several times in the sales material for the service that this comes in at a mind boggling 88%.
This sounds like a phenomenal number, so much so that it would be impressive for a lay betting service, never mind one that involves backing horses to win. Unfortunately, and not at all surprisingly, this number comes with no proofing and isn’t really substantiated anywhere.
How Does Race Formula 88 Work?
According to Dave Price, Race Formula 88 is based around a very specific piece of software which has been designed to find winners. We are told that this software looks at a huge number of different factors which have been recorded going back for an unspecified amount of time.
This includes obvious details like the jockeys and the weather., There are also a number more niche concepts like horses trainer, previous race times and information on prior health conditions. Dave Price even says that they account for “’ancient’ data of retired jockeys and dead horses” which supposedly allow the team to understand how certain breeds will fair.
There is more talk about comparing odds with bookmakers, and of course, Dave Price says that he personally checks all selections before they are sent out to Race Formula 88 subscribers.
It should be noted however that there is absolutely no evidence to back these claims up. In fact, much of how Race Formula 88 supposedly works seems to have a strong focus on sounding impressive rather than aiming to generate genuine results. This would go a long way to explaining any lack of proofing for the service.
What is the Initial Investment?
On the surface of things, Race Formula 88 looks like a steal. Dave Price says that in order to receive “lifetime access”, a small fee of £29.99 is being charged. This is the only option that is available.
Of course, Dave Price is ultimately selling Race Formula 88 through the Clickbank platform which means that there is a full 60 day money back guarantee in place. To credit Dave Price, this is well signed in the sales material for Race Formula 88.
What is the Rate of Return?
Finally, we get to the most important thing and that is how much you can expect to earn. The headlining number for Race Formula 88 is that you can make more than £180,000 this year.
Elsewhere, we are told about how you can expect to make £3,500 in a week or £15,000 in a month. These numbers all look incredibly strong, however I refer you once again to the lack of proofing, or in fact, any real evidence that Race Formula 88 can generate this kind recenue.
Conclusionon Race Formula 88
If you ever wanted an example of the differences between a decent bit of marketing and a decent tipster service, you don’t really have to look much further than Race Formula 88.
There is no denying the fact that Dave Price knows how to really make his service seem like the natural choice for those who are looking for a profitable tipster service. After all, it is hard to ignore a six figure income and an 88% strike rate. Sure, you might question it (and you would be wise to as I will cover), but these are numbers that grab your attention.
Unfortunately, anybody can make claims about just about anything they want on the internet. The difficult part is identifying what has any grounding in reality and what is just a good marketing exercise.
As far as I am concerned, as a tipster service, Race Formula 88 is a failure. Despite the claims that are made, there simply doesn’t appear to be any possibility of Dave Price getting close to the profits that he claims and that is hugely problematic for me. Not because there is anything inherently wrong with missing a target, but because there is no real way that you can expect to get close to this.
There is an argument to be made that the cost counts for Race Formula 88, but honestly the two biggest problems are intrinsically connected First of all, Dave Price has a disappointing lack of evidence that Race Formula 88 really works.
This ranges from very obvious things like no proofing to not providing any material on staking that may let you get close to the claimed results. Secondly, I just don’t’ believe that this is a genuine tipster service. The vendor who is selling Race Formula 88 through Clickbank is a name that is well known to me for having released a number of questionable services.
With all of this in mind, I can say with confidence that there isn’t really any viable reason that I could give for taking Dave Price up on his tips. Sure, Race Formula 88 is cheap, but crap is crap, no matter the cost.
There isn’t a single shred of evidence in my opinion that this works and as such I would be inclined to give this a very wide berth.