Carl Nicholson’s Racing Diary Review: Horse Betting Tips

Written by Laura Turner

Racing Diary Review

Carl Nicholson’s Racing Diary is a horse tipping service with some very impressive published results.

Graduating from Harvard with a degree in Mathematics and Computer Science, Carl launched Racing Diary in August 2015. 

One to two tips are sent out each day, mainly win only with the occasional each way bet thrown in. Each bet comes with a very detailed analysis, as well as a review of the previous days bets.

For our review, we used a 100pt starting bank and followed the staking advice given in the emails. We recorded the results at the advised odds, the odds we were able to obtain and also at Betfair SP.

In just three months, we banked 47.55 points profit at a huge 65.1% ROI. We have shared our full results below, or alternatively click here to get started with Carl Nicholson’s Racing Diary.


Month One Results

We had a great start to our review with 35 bets in total making 30.50pts profits at the available odds. That was a massive 101.7% return on investment which, at the advised £10 per point, worked out at £305.00 profit.

At Betfair SP, the profit was 19.72pts. That was just over 10pts less than the obtained odds results, but still a very impressive figure and a 65.7% return on investment.

Advised OddsAvailable OddsBetfair SP
Number of Bets353535
Total Stakes (pts)30.0030.0030.00
Profit/Loss (pts)+30.50+30.50+19.72
Profit/Loss (£10 stakes)+£305.00+£305.00+£197.20
Average Odds11.9111.8413.05
Strike Rate22.9%22.9%22.9%
ROI101.7%101.7%65.7%
Bank (pts)130.50130.50119.72
DateCourseTimeSelectionStakeAvailable OddsP/LBank
03/03/16Ludlow15:05Grimley Girl1.006.50-1.0099.00
04/03/16Doncaster16:20Favourite Girl1.0013.00-1.0098.00
06/03/16Sedgefield14:50Snapping Turtle1.005.50-1.0097.00
10/03/16Chelmsford17:50Percella1.007.50-1.0096.00
11/03/16Ayr15:40Quick Decisson1.007.00-1.0095.00
12/03/16Sandown14:35Bertie Boru1.007.00-1.0094.00
13/03/16Kelso16:40Cruachin1.007.00-1.0093.00
15/03/16Cheltenham14:50CaroleÕs Destrier0.5013.00-0.5092.50
15/03/16Cheltenham14:50Ballykan0.5034.00-0.5092.00
15/03/16Cheltenham16:50Noble Endeavour0.508.00-0.5091.50
15/03/16Cheltenham16:50Southfield Royale0.509.00-0.5091.00
15/03/16Cheltenham17:30Amore Alato1.0023.00-1.0090.00
16/03/16Cheltenham14:50Poliologue0.5011.00-0.5089.50
16/03/16Cheltenham14:50Call The Cops0.5034.00-0.5089.00
16/03/16Cheltenham16:50Romain De Senam0.5029.00-0.5088.50
16/03/16Cheltenham16:50Duke Of Medina0.5034.00-0.5088.00
16/03/16Cheltenham17:30Ballyandy1.009.008.0096.00
17/03/16Cheltenham13:30Black Hercules1.007.006.00102.00
17/03/16Cheltenham14:10Our Kaempfer1.0013.00-1.00101.00
18/03/16Cheltenham14:10Modus0.5019.00-0.50100.50
18/03/16Cheltenham14:10Blue Hell0.5011.00-0.50100.00
19/03/16Uttoxeter15:00Smooth Stepper1.009.00-1.0099.00
19/03/16Kempton15:15Keltus1.0017.00-1.0098.00
20/03/16Ffos Las14:30Bonobo1.006.00-1.0097.00
21/03/16Southwell16:20Diego Suarez1.008.00-1.0096.00
22/03/16Exeter15:05Quieto Sol1.007.506.50102.50
23/03/16Southwell15:05Birrafun1.005.504.50107.00
25/03/16Lingfield16:45Cape Speed1.005.50-1.00106.00
26/03/16Newton Abbot15:50Belize1.006.005.00111.00
27/03/16Wolverhampton15:50Muthraab Aldaar1.0013.0012.00123.00
30/03/16Exeter15:05Lord Ballim1.006.00-1.00122.00
30/03/16Exeter16:45Dusk Till Dawn1.006.00-1.00121.00
31/03/16Bangor15:15Weststreet1.005.504.50125.50
01/04/16Wetherby15:15Lowcarr Motion1.007.006.00131.50
02/04/16Newbury14:35Tour Des Champs1.005.00-1.00130.50

Month Two Results

It was another fantastic month, with 24 bets achieving 14.25pts profit at the odds we were able to obtain. Another huge ROI of 54.8% which meant that, at the advised £10 stakes, we had made a total profit of £447.50 since we started the trial.

The Betfair SP results showed less profit, but were still up by 31.45pts overall with a return on investment of 56%.

Advised OddsAvailable OddsBetfair SP
Number of Bets242424
Total Stakes (pts)26.0026.0026.00
Profit/Loss (pts)+14.50+14.25+11.73
Profit/Loss (£10 stakes)+£145.00+£142.50+£117.30
Average Odds10.4610.3312.14
Strike Rate16.7%16.7%16.7%
ROI55.8%54.8%45.1%
Bank (pts)145.00144.75131.45
DateCourseTimeSelectionStakeAvailable OddsP/LBank
06/04/16Nottingham17:25Visage Blanc1.0013.00-1.00129.50
07/04/16Chelmsford17:50Haabis1.0017.00-1.00128.50
08/04/16Aintree16:05Killer Crow1.0015.00-1.00127.50
09/04/16Aintree17:15The Last Samuri e/w2.0012.001.75129.25
09/04/16Wolverhampton20:20Kingthistle1.008.00-1.00128.25
10/04/16Market Rasen16:30Alberta1.005.50-1.00127.25
11/04/16Redcar16:00Toboggan's Fire1.008.007.00134.25
13/04/16Cheltenham16:10Altesse De Guye1.006.505.50139.75
14/04/16Cheltenham15:35Amigo1.006.50-1.00138.75
14/04/16Cheltenham16:45Wild Bill1.007.00-1.00137.75
16/04/16Thirsk17:45Coiste Bodhar e/w2.0017.00-2.00135.75
17/04/16Wincanton13:55Berry De Carjac1.0013.00-1.00134.75
17/04/16Wincanton15:30Pennywell1.0013.00-1.00133.75
19/04/16Kempton14:00Threebarmymen1.0012.00-1.00132.75
20/04/16Perth14:40Duh Eile1.007.00-1.00131.75
21/04/16Beverley15:50Palmerston1.0015.00-1.00130.75
22/04/16Doncaster17:25Grapevine1.0011.00-1.00129.75
23/04/16Doncaster17:00Dusky Raider1.0010.00-1.00128.75
25/04/16Southwell14:40Final1.007.00-1.00127.75
26/04/16Lingfield17:40Fashaak1.007.50-1.00126.75
27/04/16Pontefract16:15Dinneratmidnight1.0015.0014.00140.75
28/04/16Chelmsford19:30Shingwedzi1.0010.00-1.00139.75
29/04/16Bangor17:45Court Baloo1.007.006.00145.75
02/05/16Kempton14:45New World1.005.00-1.00144.75

Month Three Results

This was our 3rd profitable month in a row, albeit a smaller 2.8 points. It meant that over the full course of our review, we banked an impressive 47.55 points profit at the available odds, with a huge ROI of 65.1%.

Advised OddsAvailable OddsBetfair SP
Number of Bets767676
Total Stakes (pts)73.0073.0073.00
Profit/Loss (pts)+47.80+47.55+26.59
Profit/Loss (£10 stakes)+£478.00+£475.50+£265.90
Average Odds10.8810.7612.06
Strike Rate19.7%19.7%19.7%
ROI65.5%65.1%36.4%
Bank (pts)147.80147.55126.59
DateCourseTimeSelectionStakeAvailable OddsP/LBank
04/05/16Chester17:25Antioco1.0012.00-1.00143.75
06/05/16Market Rasen15:25Three Of A Kind1.007.50-1.00142.75
09/05/16Musselburgh17:10Quick N Quirky1.009.006.80149.55
10/05/16Wincanton16:10Red Orator1.005.00-1.00148.55
12/05/16York17:20Cardinal Walter1.007.00-1.00147.55
14/05/16Uttoxeter19:30Adeenne De Sevres1.0015.00-1.00146.55
17/05/16Newcastle16:40Exotic Guest1.009.00-1.00145.55
18/05/16Ayr14:35Goninodaethat1.006.00-1.00144.55
18/05/16Southwell20:15Denboy1.006.00-1.00143.55
21/05/16Haydock16:10Kachy1.0015.00-1.00142.55
22/05/16Nottingham14:50Lady of Yue1.006.50-1.00141.55
23/05/16Ayr14:30Bunce1.008.00-1.00140.55
23/05/16Windsor19:45Ice Lord1.007.506.50147.05
24/05/16Hexham15:00Miss Blanche1.0013.00-1.00146.05
25/05/16Newton Abbot19:10Mango Cap1.0017.00-1.00145.05
26/05/16Chelmsford16:20Tyrannical1.004.503.50148.55
28/05/16Ffos Las20:05Tullow Tonic1.007.00-1.00147.55
Racing Diary Graph

Results Summary

We banked an impressive 47.55 points profit at the available odds with a huge ROI of 65.1%.

There are no crazy staking plans to inflate the results, each bet is advised at a level 1pt stake and the official results use £10 per point. Carl showed us that being selective and having a knowledgeable approach can deliver consistent profits.

We have no hesitation in adding Carl Nicholson's Racing Diary into our list of passed reviews with the highest 5 star rating. 

Review Stats 47.55pts profit, 65.1% ROI, 19.7% SR
Stakes 1 point level stakes
Starting bank 100 points
Average no. bets 1-2 per day
Time of emails Evening before the races, between 7.00-9.00pm
Price £9.99 for the 1st month, then £24.99 per month
Rating Pass

Other Systems and Services which Passed

Outside Rides Review: Betfair SP Horse Racing Tips
Outside Rides is a horse racing tips service with an incredible record at Betfair SP, producing 1,715 points profit at an outstanding ROI of 71% in 38 months.
Profit Maximiser Review: Low-Risk Matched Betting
During my Profit Maximiser review, I banked £391.12 profit and it couldn't have been any easier! Find out how I made money from sports & casino promotions here.
Bet Hero Review: Value Betting Software
During my Bet Hero review, I was able to uncover tons of markets where bookmakers have mispriced the odds and was able to make £866.97 profit at an ROI of 8.56%.
Merlin Results Radar Review: Treble Betting System
During my Merlin Results Radar review, I was able to make a profit of 47.82 points from 12 runs using the football betting tool, making it an easy "pass".
Golf Value Tips Review: Golf Betting Tips Service
I almost doubled my betting bank during my Golf Value Tips review with 94.87 points profit banked. This top class golf betting tips service earned an easy pass.
Value Machine Review: A Game-Changer for Finding Value Bets
During my Value Machine review, I achieved two out of three winning months, finishing with a total profit of 43.37 points at an excellent ROI of 19.1%.

  • Carl Nicholson’s Racing Diary Have not had a tip for nearly a week.Keep getting e-mail NO TIP TODAY.Signed up 10 days ago 1st 3 days 3 tips all ran awful nothing since.No explanation No Tips People need to know.

    • Hi Steve, I have been receiving regular tips from CN Racing Diary… there have been 15 so far this month and 4 this week. They are also approx 2pts in profit since our last update.
      The only thing I can think of is that some how you may have been signed up to Carl’s other service, Value Backing, which is much more selective. Have you been in touch with the vendor?

  • For what it’s worth to anyone passing by – October was my first month with the service, I lost 30 points, at one point there was a run of 25 consecutive losers, broken only by a single short odds winner, and then followed by another 9 consecutive losers. On this basis I couldn’t justify the monthly premium for another go.

    • Hi Martin, Thanks for your feedback.

      Wow… that is a bad run. Many tipping services will experience this from time to time, especially the horse racing ones. The service reported a profit of over 30 points for September and from Jan – Sept this year they have made a total profit of 88.58 points. So it seems you have been unfortunate to join at a bad time and didn’t have the benefit of the September profits.

      It’s worth keeping an eye on November’s results as the long-term performance has been good and that’s what counts.

  • {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

    Laura Turner

    About Laura

    I have been running the 'Betting System Review' part of Goal Profits since 2015. I carry out fully independent reviews of betting and trading systems, tracking results and giving my honest feedback.

    Here are some betting systems and services that earned a Pass rating when I reviewed them:

    RaceStatsApp have redefined horse racing betting by focusing on using advanced horse racing data & analytics rather than horse, jockey or trainer form.

    Read More

    The Inside Man, or Adam Cheng as he’s better known, proved that his experience within the industry has given him an edge against the bookmakers, delivering a profit in every season.

    Read More

    It was an easy decision to give Little Acorns International a pass after 5 out of 5 months of profit at both the level and Fibonacci staking systems.

    Read More
    Goal Profits

    Are you ready to learn how profitable football trading works, generate a second income, or simply improve on past returns?

    >