Raceology is a new to market horse racing tipster service that is being offered through Bet Social. If the marketing is to be believed, there is a very impressive background to the service too.
Introduction to Raceology
When it comes to betting, there is one thing that I am always sceptical about. That is the idea of inside information. The reason I am so sceptical is relatively simple. It is a big claim that can’t ever really be proven. It is also a claim that is incredibly easy to make. Sometimes though, there is just enough information that I can find myself believing that there might be some truth to these claims. And when there is, you can be assured that you have an exciting service on your hands.
This brings me to todays review subject, Raceology. Over around a year or so, this is a service that has consistently shown profit produced. All supposedly leveraging that inside information that can be so valuable. Of course, it is very difficult to ignore the fact that if Bet Social are being genuine here, then this is a service that rather demands your attention. There simply aren’t that many services that deliver on that Holy Grail of betting, consistent and long term profits.
Honestly, whilst this isn’t a service that is necessarily going to set your world alight, there is no denying that Bet Social may well be onto something good with Raceology. There are definitely a few considerations with the service. It isn’t necessarily perfect. But if truth be told, there is very little when it comes to betting that is. What matters here is a lot of profit. Profit that has been generated over the course of a year. You’re definitely not dealing with flash in the pan stuff here. But it does beg the question, is it worth it?
What Does Raceology Offer?
As far as tipster services go, Raceology is a very straightforward affair. This is something that in my mind, is a very strong positive. The truth of the matter is that I have seen a lot of services over the last few months that have been leaning into some really rather random approaches to betting. As such, it is very welcome to see something that isn’t reliant on a gimmick.
Furthermore, I have a lot of respect for the fact that Bet Social take a relatively no nonsense approach to how they manage the service. If everything is to be believed there are a lot of moving part here. Something that I half expected to impact Raceology negatively, but again, it is just a decent and solid approach.
With that on the table, let’s start by talking about that management side of things. It isn’t necessarily that there is a lot to say, but it is worth mentioning. Honestly, Bet Social have been around for a bit now and they do a pretty decent job with their tipsters. This of course extends to Raceology too.
As you might expect from any modern tipster service, selections are made available directly via email. They tend to be sent out on the day of racing, and whilst you get time to get the bets on, Raceology isn’t exactly generous in this regard. Nor is there a massive amount of additional information. Just what you need to get a bet on really.
This leads me to one of my key points with Raceology. Now, I almost always recommend using an odds comparison site. But with some services, it can be more imperative than with others. This is one of those. This is mostly because, as I will explore a little later, there is a massive disparity in terms of the results depending on how you bet.
Of course, BOG should be something that you aim for as a minimum. That is the way to make Raceology pay. But there is also a significant range in terms of the odds. Starting as low as evens, Bet Social show in their proofing that some bets go up to 40/1. The average comes in at 6.5. A number that is actually pretty close to reflective of what you can expect. At those kinds of odds, you can potentially look at adding as much a 2 points extra on a win.
This is really quite important. Because whilst Raceology is supposedly based on first rate inside information, the strike rate for the service is a little big lacking. It comes in at 22.55% which isn’t necessarily terrible. Far from it. But it isn’t exactly great either. Which really highlights the worth in maximising those returns per bet.
Adding to this somewhat is also the effects that the stakes have on everything. Bet Social show in their proofing that whilst the stakes range from a single point up to the very occasional 5 point bet, the majority of them are 2 points per bet. A number that is in line with the average stake for Raceology of 1.85 points.
With all of the bets advised as back to win, it becomes very binary. You either profit, or you don’t. All of this means some quite considerable drawdown. At the time of writing, just 2 days of betting in which Raceology hasn’t managed a win have seen losses of 18 points. Other losing streaks of 25 point and above have been relatively common.
Put all of that with a relatively high volume of bets. Potentially as many as 8 in a given day… well, you end up with a service that can really see quite significant periods of loss. These are ultimately offset, but if you are following Raceology then you will want a decent sized bank. Fortunately, this is information that Bet Social do make available when you sign up.
How Does Raceology Work?
I started this review by talking about the fact that Raceology is based around inside information. That is the full premise of the service really. More specifically, Bet Social say that the service is “a small ‘collective group’ of top work riders from top racing yards around the country” and that “these guys and girls are at the heart of every piece of work horses undertake, they are the unsung heroes of racing as they have all the key information”.
There you have it. I don’t think that you can get much more insight than that right? Except Bet Social do manage to do this. Specifically, they say that this collective behind Raceology:
- Know how a horse has been working on the gallops
- Know which races are being targeted for every horse
- Know if a horse is expected to win or is being saved for another race
- Know every detail about a horse and how it should be ridden
This is all gold information that you would expect to lead to quite a selective approach. Something that is demonstrably not the case with Raceology. In fact, given the fact that it is near daily, I am curious as to just how “small” this collective group actually is.
The other unfortunate element when looking at how Raceology works comes back to something that I mentioned in my introduction. Whilst it all sounds good, there isn’t really much that actively demonstrates any sort of inside information. There is no evidence provided by Bet Social and there isn’t really much that one can discern from the proofing. All of which comes back to the fact that you’re just taking their word on it all.
What I will say though is that the proofing for Raceology is of a very high standard. Bet Social provide over a year of betting records and it is easy to sift through. As such, you can at the very least, get an idea of the ebb and flow of the service. As far as it being a replacement for evidence or insight into the selection process (outside of that claim that it is insider information), that is unfortunately not really the case.
What is the Initial Investment?
If you are interested in signing up, there are a few subscriptions available. The first option for Raceology is to sign up on a monthly basis. This is price at £40 per month.. Alternatively, you could sign up on a quarterly subscription. This will set you back £77 per quarter which effectively works out at a free month.
As you might expect, the best value comes from signing up on a 6 month subscription. This represents the best value by a considerable margin and will cost you just £97. This is only a small jump from the quarterly subscription costs.
Something that is worth keeping in mind is that there isn’t actually any sort of money back guarantee in place with Bet Social’s services. This also applies when you’re looking at Raceology too. As such, the longer better value options do mean that you have to really commit to get your money’s worth.
As a final point (I promise), if you stay on the page for a short period of time though, you do get a trial option. For just £20, you get to trial the selections for 30 days before moving onto that full monthly price (at the time of writing) or alternatively, you can get 90 days for just £41.
What is the Rate of Return?
The profits for Raceology vary wildly depending on how you want to view them. Before I start a more thorough breakdown, I want to address the elephant in the room. This is Bet Social claiming that you could have turned £2,000 into £114,602.67. Frankly, I don’t believe this is something that is realistically feasible. It is theoretically possible, but it simply isn’t going to work in the real world.
What I want to talk about are the points profits. To BOG, Raceology has a very impressive 510 points of profit over 14 months. That is a bloody good result. If however you are betting to BSP, this drops off slightly with 406 points of profit. The real concern though is if you are only able to bet to SP. Here we see the numbers drop to just 208 points.
When you factor in that these numbers are effectively based off 2 point stakes, they do start to look a little less impressive. Don’t get me wrong, 250 points over 14 months isn’t terrible. But it is a long way from the results that Bet Social claim in the sale material. Factor everything else down, and Raceology looks much more modest.
Conclusion for Raceology
In a little over a year, Raceology has had exactly 2 losing months. Presuming you are using BOG, neither of those were catastrophic. In the mean time, whilst there has been one profitable month which was just 5.49, Bet Social show a service that has very consistently broken 20 points a month of profit. That is really quite the number.
On top of that, there have been a few big winning months with Raceology breaking 100 points once and breaking 50 points another 2 times (with a further two getting close). There is little overlooking that these results are strong. And as a result of that, Bet Social have on their hands an attractive tipster service.
I am however a little concerned about how things don’t quite marry up. I don’t claim to be privy to the same information Bet Social are, but most genuine insider services I have looked at aren’t advising 4 or 5 selections regularly. Raceology is though. And it isn’t like we’re given much demonstrating it in action.
The truth really could be as simple as a collective of work riders. Pay and conditions aren’t always great and being on the inside can provide a lot of insight. Furthermore, whilst I will highlight that Bet Social don’t provide much in the way of evidence, it is also quite a difficult thing to get. Loose lips sink ships and all that.
Really, you just have to take a little bit of a leap of faith in terms of believing Bet Social with Raceology. Whilst some things don’t quite add up to me, what does are the result. Inflated or not, 2 losing months is good going over the time period. The consistency of wins have been strong. But you do need quite deep pockets.
Here’s the bottom line for me with Raceology. I don’t think that this is a bad service. Is it really work riders giving out tips? Well, only Bet Social really know that, and they won’t tell. But the results look good. That is enough to say that it is worth some of your attention.
Personally, I find it to be a tad expensive though. Raceology is priced towards the top end of what I’d expect to pay for a tipster service. Of course, you can extract additional value by taking advantage of those longer subscriptions, but that really ties you down. On top of that, there are simply better products and services on the market. They might cost you a little more, but they are better proven than this.
I really wanted to like Raceology. I wanted to see this being a tipster service that I could freely recommend. Unfortunately, it isn’t quite that. But if you are willing to pay for it, to fund those frequent short term losing streaks, and put in the work seeking odds. Well, there are definitely worse services on the market.
