Pete’s Betfair Methods
- Training Quality
- Long-Term Earning Potential
- Short-Term Earning Potential
- Value for Money
Pete’s Betfair Methods is a Betfair trading system that claims to teach you how to make £50 each day on Betfair using a ‘proven’ 9-year-old technique.
This system has produced very polarised user reviews.
With some customers reporting good profits and others significant losses.
Pete’s Betfair Methods advises a very high-risk ‘loss-recovery’ staking plan.
I was unable to discern as to whether this system has a legitimate edge over the Betfair markets or not.
Based on my personal results with this system – I would not feel confident recommending this product out-of-the-box.
However, there may be scope to adapt and improve upon the core strategy.
In either case, I strongly suggest trialling the system at FLAT STAKES initially to test the waters.
Overall: serious caution advised.
- 60-day money back guarantee.
- Some positive user reviews.
- Scope for modification.
- Negative reviews on trading forums.
- Aggressive staking plan.
- Mistakes could be costly.
Welcome to my honest Pete’s Betfair Methods review.
Where I’ll be sharing my experience with this ‘£50 a day’ system to help you decide if it’s right for your needs.
Because a few years ago, I became fixated on becoming a professional Betfair trader.
I wanted to be able to make money without worrying about relying on free bets – or getting banned by the bookmakers.
But I was really struggling to carve out an edge over the markets through my own analysis.
So, I set off in search of a pre-made Betfair trading system that could cut the learning curve and turbocharge my profits.
And that’s when all the trouble began.
What is Pete’s Betfair Methods?
Pete’s Betfair Methods is a PDF and video pack created by ‘Pete Butler’.
You’re told how to select which horses to bet on in order to make ‘£50 per day’.
And there’s a custom staking strategy that allows you to bet in a way so that you only need one winner to get into profit.
(Apparently – according to the system author – this system works on sports other than horse racing too).
Image credit: Pete’s Betfair Methods – taken from their ClickBank sign-up page.
How Much Does Pete’s Betfair Methods Cost?
It’s £50 + VAT to purchase Pete’s Betfair Methods via the ClickBank platform.
Is There a Refund Available?
You can claim a full refund any time within 60 days of purchase.
My Experience Using Pete’s Betfair Methods
I lost close to £1,000 using this product.
Here’s what I gleaned from using Pete’s Betfair methods for a few weeks.
The Dangers of a ‘Loss Recovery’ Staking Plan
The system advises a ‘loss recovery’ staking plan.
Which is why it only needs ‘one winner’ to yield a profit.
But the downside is that your bet sizes can reach horrifying amounts after just a few consecutive losing bets.
It’s more formally known as a ‘Martingale’ staking plan.
And it can tear your bankroll to shreds in the relative blink of an eye.
Winning Often DOESN’T Always Equal Long-Term Profits
Martingale staking is often paired with betting systems that have a high ‘strike rate’ to create the illusion of an ‘edge’.
Let’s say you were betting on coin flips.
You could just keep choosing ‘heads’ and you probably wouldn’t have to wait too long to hit a ‘winner’.
So, by increasing your bet size after each consecutive losing bet – you’d probably be back in profit quite quickly.
However, the problem is that unless you’re being paid out more than what the odds imply – you don’t actually have a mathematical edge over the odds.
And you can’t cheat maths.
Does Pete’s Betfair Methods Have an Edge?
If Pete’s Betfair Methods really has an edge over the odds under the advised selection process – it would be profitable at flat stakes.
I didn’t test Pete’s Betfair Methods using flat stakes – so I can’t really comment.
But it’s my personal opinion that the method for choosing the bets is too broad to elicit an edge over the highly dynamic Betfair markets.
I could, however, be entirely mistaken.
But edge or no edge.
The loss recovery staking plan makes this a risky strategy to follow verbatim.
I Was Banned from Buying Further Products
I won’t go into the details.
But after an email exchange with the publishers of this product.
They refunded my money and asked me not to buy any more of their products.
What Do Other People Think?
There’s a 6-page thread on the Bet Angel forum that echoes my concerns about the staking plan and the system in general.
(Albeit in a much less PC manner!):
Here’s another user who couldn’t get the system to work (his experience was almost identical to mine):
And just to keep things balanced, here’s someone who experienced success with Pete’s Betfair Methods:
And a few more positive reviews:
Conclusion: Caution Advised – Paper Trade at Flat Stakes
After my experience with this product – I wouldn’t feel happy recommending it to anyone out-of-the-box.
But with that said, there are a fair number of users who have had good results with Pete’s Betfair Methods.
So, if you’re dead set on giving Pete’s Betfair Methods a try – please do so at flat stakes first.
Preferably paper trading until you’re sure that you want to go live.
Personally, I think that there’s no substitute for putting in the hours and learning to trade your chosen markets first hand.
In light of that – maybe you could take the core system and modify it in line with your ongoing analysis?
But I’ll leave that up to you.
- Scope for modification and improvement;
- Positive reviews from some users.
- Aggressive staking plan;
- Mistakes in the selection process could be compounded if not using flat stakes;
- Negative user reviews on Betfair trading forums.
What Do You Think?
Have you tried Pete’s Betfair Methods?
If so, I’d love to hear about your experiences with this ‘Marmite’ product.
Good or bad – let me know your thoughts on Pete’s Betfair Methods in the comments section below.