The Cash Magnet Racing System is a new horse racing betting system that has been created by John Goldsmith and is currently being marketed by Streetwise Publications.
What does the product offer?
The headlines for The Cash Magnet Racing System are frankly rather staggering with John Goldsmith claiming that his system that wins cash every day. Naturally being a Streetwise Publications product The Cash Magnet Racing System is littered with fantastical sounding claims that are also tempered to make them sound reasonable, for example the sales material talks about how this isn’t a get rich quick system but then talks about increasing a betting bank by 10 times in just 2 months with the clear suggestion being that this could be considered the norm.
So what can we actually tell about The Cash Magnet Racing System? Well, as the name somewhat implies, this is a horse racing betting system that is being presented as “at a glance”. According to John Goldsmith there is no studying of form and winners can be found in just a few minutes by glancing at any daily paper.
From here you simply place your bet and apparently wait for it to come in. Unfortunately, (or perhaps not surprisingly) there aren’t any details on staking plans, strike rates etc. with the main claim being that The Cash Magnet Racing System has enjoyed a 36 bet win streak.
How does the product work?
In terms of details of how The Cash Magnet Racing System actually works there is very little information made available. In his Authors Endorsement, John Goldsmith does say that the system “uses the bookies own strategy of odds and statistics and probability”.
This isn’t something that is ever built upon however which is rather disappointing as it seems somewhat at odds with the claim that a glance at any daily paper is all that is required.
What is the initial investment?
The Cash Magnet Racing System is marketed through Streetwise Publications and so not surprisingly it is pretty far from cheap. In fact, buying the system will set you back an eye watering £247 which is claimed to be a reduction on the actual value of £297.
There is a money back guarantee in place for The Cash Magnet Racing System which says that if you fail to make a profit in the first month then you can claim a money back guarantee. Without any more details on the terms I would be wary about jumping in on the grounds of this money back guarantee personally.
What is the rate of return?
The main selling point for The Cash Magnet Racing System is the claim by John Goldsmith that he was able to turn a £2,000 starting bank into £20,000 in just 8 weeks.
Any investment is really about your risk versus your reward and this is exactly what needs to be weighed up when considering The Cash Magnet Racing System. For £247 I would expect at least some evidence that The Cash Magnet Racing System works as claimed or even that there is a discernible or genuine pattern. Instead we are treated to a list of supposedly winning bets with nothing to back anything up, something that I could genuinely reproduce here and that is concerning.
With all of this in mind, I simply don’t believe that The Cash Magnet Racing System represents a worthwhile purchase, especially when there are so many systems that can prove that they work for less.