Long Nose Racing is a tipster service that supplies selections for users to bet on manually or alternatively, selections can be sent directly to a betting robot.
What is the product?
Long Nose Racing is comprised of three different systems, each of which looks to be different and working in slightly different ways, however there does seem to be an underlying theme based off the results. As mentioned, Long Nose Racing sends out selections each day, usually around noon with emails either containing a list of bets for your chosen system or alternatively a .csv file so that Betsender can automatically bet for you (as well as there being an option to have Betsender automatically download selections). The first of the three systems seems to be the most interesting and is definitely the most explained. Long Nose Racing System 1 involves backing horses on Betfair at odds of 22 (according to Betfair start price) however because of these odds, Long Nose Racing acknowledge that you may have to place as many as 50 bets just to get one accepted due to minimum odds limits. Systems 2 and 3 seem to be slightly more straightforward back to win affairs with both systems referred to as using a unique filter to identify runners that have an “edge” on the market. They are not however identical as Long Nose Racing System 3 produces less bets per month on average. It is worth at this point exploring the strike rates for Long Nose Racing as only System 2 has achieved more than 10% and even here it is only just, achieving 10.7% so far for 2014.
What is the investment vs. the rate of return?
All three of the systems that Long Nose Racing offer are subscription based at £39 per month to receive the selections to back manually or £49 for a format that Betsender can use to bet automatically. Long Nose Racing also offer a one week trial for Systems 1 and 2 at £15 for the week. As is the case with most tipster services, Long Nose Racing doesn’t provide any kind of refund policy. In terms of income, the three systems have produced the following returns for 2014:
System 1 – 74.33 points
System 2 – 169.7 points
System 3 – 182.44 points.
Does the product provide value for money?
Personally I don’t feel that Long Nose Racing does provide value for money for reasons I shall explore below.
Conclusion
Put bluntly, Long Nose Racing just looks like a really risky investment to me. The results are far from outstanding and in the bank exposure seems to be very high, particularly with System 2 which has seen over 1800 bets placed of which just over 10% have won. Then there is Long Nose Racing’s historic results which have to be addressed. Two of the three systems have not just had losing months (all three of Long Nose Racing’s systems have had losing months at some point) but losing years. This makes Long Nose Racing too large a risk for my liking, especially as Long Nose Racing isn’t even cheap enough to be “worth a punt”. Personally I would avoid this potentially risky tipster service in favour of something with a lot more consistency.
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