Racecard Reader is a horse racing tipster service which has been brought to market by Dennis Holt. He claims that the service has been able to generate some incredibly substantial profits over the last 12 months.
Introduction to Racecard Reader
There is no way of looking at Racecard Reader without talking about the claimed profits, because they are just immense. None the less, I want to avoid focusing too much on this here as I will get to this in detail a little later on. But what I will say is that Dennis Holt claims that you are looking at a 6 figure annual income. That is a hell of a claim.
On top of this, there are a number of radical claims made about how the service is a massive leap forward when compared to tipster services that have come before it technologically. In fact, the service is described as being like “glancing over a racecard and knowing EXACTLY how to bet”.
Who wouldn’t love that ability, right? So, what you have in Racecard Reader is a seemingly very low risk tipster service that makes more money per quarter than I imagine some of our readers will make in a quarter. Those are some very bold claims, and I am really quite keen to see whether or not Dennis Holt can deliver on this.
What Does Racecard Reader Offer?
The sales material for Racecard Reader is very interesting. There is a clear focus on a narrative, and not so much of a focus on the things that matter, i.e. information about the service. This is a massive red flag to start things off, however there is plenty of information that I have been able to use that I will cover over the course of this review.
So, what exactly are you getting yourself into with Racecard Reader? The short answer is that Dennis Holt is providing a very straight forward tipster management service (if you believe the copy for the servce9). I say this because he doesn’t actually come up with the selections himself, but that is something I will get to a little later on.
What this means is that by and large, you can expect to receive selections on a daily basis. As is typical in this day and age, you can expect to receive these selections directly via email, each and every morning.
All that you should have to do is place your bets. Now, this is something that isn’t quite as straight forward as it initially seems. The advice that you receive through Racecard Reader is very basic. As such, you will want to be using something like Oddschecker to make sure that you are getting the best viable odds.
In terms of the bets themselves, this is one area where despite the claims of what is involved with Racecard Reader, it seems to be a very vanilla affair. All of the bets that Dennis Holt sends on to subscribers are straight win bets. This does have the advantage of them being very easy to place and offers a lot of variety in terms of the bookies that you can use.
The volume of bets isn’t something that is particularly excessive which honestly, isn’t a bad thing. Typically speaking, you are looking at somewhere between 2 and 4 bets on a given day. This means that you aren’t dealing with an excessive volume of selections which helps with the manageability of the service.
All of this approach is also seen in the odds that you receive. There is very little that strays from middling odds which means that in theory, you should have a consistently growing betting bank. What you don’t typically get with Racecard Reader are particularly long shots and double figure odds. This does help mitigate the risk, a little.
Now, on the topic of risk, I want to talk about the strike rate for Racecard Reader. Because honestly, what Dennis Holt claims is incredible. Supposedly, the service has achieved a strike rate that stands between 80% and 85%. These are the kinds of numbers that would be outstanding for a decent lay betting service, never mind one where you are backing horses to win.
Unfortunately, these results are also entirely unsubstantiated. That is a definite problem. There is very little evidence backing any of Racecard Reader up (a topic that I will be returning to) except for a highly questionable screenshot of a betting account. There certainly isn’t any proofing provided by Dennis Holt which is problematic for me for a number of reasons.
One of these reasons comes from the lack of a staking plan. All that we are really told about Racecard Reader is how much you can supposedly earn. What you don’t get is any sort of context for how much has been bet in order to achieve these results. With no proofing to look at, there is no real way of calculating this either.
With no information on this, if I were to recommend Racecard Reader (and if you’ll excuse the cynicism, the chances of this are pretty slim), I would be looking at a 100 points betting bank to 1 point level stakes. This will give you plenty of room to absorb those losses which should be much more substantial than the claimed strike rate suggests.
How Does Racecard Reader Work?
I mentioned at the start of this article that Racecard Reader is a narrative focused service, and nowhere is that more apparent than when you look at how the service supposedly works. Mostly because we aren’t actually given any information on what the selection process entails. Instead, there is a focus on Dennis Holt’s story of how he came to receive the selections.
This entails his meeting of a Mr. Fong on a stopover at Dubai following a holiday in China. Dennis Holt says that he and Mr. Fong bonded over a love of horse racing, with the latter character being an avid bettor. Now, this is where things become interesting.
We are told that Mr. Fong is a successful businessman in China where he has made his fortune “replicating the fragrances of designer brands”. He also supposedly has developed a piece of software, Racecard Reader (for which the service is named). This is able to simply look at a race card and pick out the best bets.
Given that this is all of the insightful information that we actually receive about the selections, this lack of information just isn’t good enough in my opinion. Especially when you factor in that point that there is no proofing provided or real evidence. This is a massively important point to keep in mind.
What is the Initial Investment?
Dennis Holt only has one option available if you want to subscribe to Racecard Reader. This is a one time contribution of £29.99 plus VAT. For this, you are seemingly getting a lifetime of selections however this isn’t something that is really discussed.
It is worth noting that there is a full 60 day money back guarantee in place, should you find that the service isn’t for you. This is fully backed up by the fact that Racecard Reader is being sold through Clickbank and as such, you shouldn’t have any problems getting a refund if you go directly through them.
What is the Rate of Return?
Now we turn to that claimed income for Racecard Reader. I mentioned 6 figures being touted as the income and with Dennis Holt claiming to have produced £138,996.23 over the course of a year. Elsewhere in the sales material, there are mentions of numbers like £11,000 being made in a single month and a “testimonial” that claims £17,834 in 6 weeks.
It is very important to keep in mind that aside from a lack of evidence for these claims (a point I will keep hammering home), there is also no real context. It is hard to ignore the fact that Dennis Holt provides no details on how much he has bet to make that profit. Honestly though, you would be looking at big bets in order to make the numbers add up.
Conclusion for Racecard Reader
I am quite comfortable starting this article by saying that there isn’t really… Well, anything, that I like about Racecard Reader. I don’t think that my tone has suggested anything otherwise so why beat around the bush right?
Honestly, there are a large number of reasons for this, some of which are incredibly obvious things (at least to me), whilst others are perhaps a little more hidden away. Irrespective of how clear these flaws may be to me, they do compound rather rapidly.
First things first, and I know that I have talked about this a lot, but I want to talk about the narrative that Dennis Holt is so keen to push on us. By and large, I don’t think that there is anything inherently wrong with having a narrative to a sales pitch. It can help people to create a frame of context and ultimately, show them what they can expect to achieve.
What doesn’t sit well with me though are incredibly bold claims that come with no real evidence to back them up. For my money, the story that Dennis Holt tells for how he came to read Racecard Reader almost seems designed to prey on those who may be easily swayed.
What I mean by this is that a lot of the details make sense on paper. It’s no secret that there are a lot of counterfeit or “replica” products that are created in China. And we all hear about how much money there is in China, how they are going to be an economic superpower etc. It is also no secret that Asian betting markets are amongst the biggest in the world.
So, the story kind of seems believable. All of those things make a bit of sense, so why wouldn’t the rest of it? For this kind of work, you have to be detail oriented and that means looking for things like information on how a service actually works. Or at least a service that can demonstrate some understanding of horse racing betting.
Now when you consider that, there is nothing about Racecard Reader that lends any credence to this. Instead, Dennis Holt dances over any details simply suggesting that Mr. Fong will take care of you. Even giving the benefit of the doubt here, what happens when this illustrious Mr. Fong stops sending his tips?
But I wouldn’t even give Racecard Reader that much credit if I’m honest. There isn’t a single shred of evidence that suggests that this s a genuine service. There is no demonstration of knowledge of betting, there is no proofing for that frankly unbelievable claimed income. There is nothing at all that lends weight to Dennis Holt’s claims.
All of this is bad enough but the real problems that I have when it comes to Racecard Reader lies very much out of public sight. You see, I am familiar with the vendor who is selling the service. I have looked at them before and they haven’t performed well.
In fact, this year alone, they have had four other tipster services, all of which have coincidentally been closed very covertly as a new service has launched, not long after that 60 day money back guarantee. To the best of my knowledge, none of these have closed in profit either. I see little reason to doubt that Racecard Reader will be any different to this either.