[review]
Product Name: Racing Gold
Author: Tipster Warehouse
Contact Details: Website Contact Form
Price: £29.95 per month, £59.95 per quarter
Money Back Guarantee: 60 Days
What Do You Get? Horse racing betting selections
Where To Buy: http://www.raceadvisor.co.uk/s/racinggold/
Brief Summary: Racing Gold is a horse racing advisory service that provides an average of six bets per day at average odds of 3.59.
How Much Money Do I Need To Get Started? A 100 point bankroll is recommended and staking is a 1 unit flat bet.
How Much Money Can I Make? The service has averaged -18.15 units loss per month to BOG over the last five months.
How Much Time Will I Need To Make This Work? One to two minutes per day.
Will I Need Any Equipment To Do This? Bookmaker accounts and ability to place bets.
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The first proofed selection for Racing Gold was on the 18th September 2013 and we have, up to the time of writing, proofed 1160 selections from this service. Selections are sent between 9:30am and 10:30am each day, occasionally they may be later but they have always been before 11am.
There are selections provided every day and although there will be some days with just one or two selections, on average you will receive seven bets each day. Selections are provided with advised odds that are available at the time of receiving the email and this review is based on using BOG (Best Odds Guaranteed), you can check these out on our bookmaker review pages, and to flat one unit stakes.
The results in this review are correct at the time of writing but we will continue to proof the Racing Gold results here.
Over the period of our proofing this service has achieved a 31% strike rate, which is a very high strike rate. Breaking this down into the different bet types that have been provided we can see that:
| Bet Type | Wins | Selections | Strike Rate |
| Back | 185 | 745 | 25% |
| Each-Way | 1 | 2 | 50% |
| Place | 178 | 413 | 43% |
As you can see above, the majority of the bets are Back followed closely by Place. As expected the place bets have a much higher strike rate but unfortunately perform slightly worse in return on investment (ROI). Looking at the bet types by ROI:
| Bet Type | Wins | Selections | Strike Rate | ROI |
| Back | 185 | 745 | 25% | -8.94% |
| Each-Way | 1 | 2 | 50% | -40% |
| Place | 178 | 413 | 43% | -9.86% |
So, when we ask ourselves…
Does this service make a profit?
Unfortunately the answer is a firm no. After five months there is a total loss of -108.92 with worse losses to SP and Betfair SP. The lowest downswing before this was -108.94 so we can expect this to go lower.
Of the six months proofed so far, four ended in an average loss of -28.12 units. The two that ended in a profit were January and February 2014 and they ended with profits of 22.89 and 8.80 respectively. March 2014, not yet finished at the time of writing, is in a loss of -37.71.
When you join Racing Gold you receive an email containing all the information about how to place your bets and what bankroll to use and any questions were answered promptly by the Tipster Warehouse support team.
There are currently two membership options, a monthly at £29.95 and a quarterly at £59.95.
We cannot recommend taking either of these options as this service has shown to make a continual loss over a six month period of proofing.
The results during the proofing period for this review are below:
We will continue to proof this services selections here, but based on the results during this proofing period, Racing Gold is not recommended by the Race Advisor.
[review]
