RaceStatsApp Review: Horse Racing Betting & Analytics App

Written by Laura Turner

RaceStatsApp review

RaceStatsApp has redefined horse racing betting by focusing on odds data rather than horse, jockey or trainer form.

Although the app has been around since early 2018, the idea and development has been going on for more than ten years to get it to where it is today.

It was developed by Mike, who calls himself the Innovator-in-chief, and Hamid, who is his software architect.

Mike had the radical idea of giving up on form reading and analysing odds data instead.

Rather than contemplating a horses form, the racing conditions and jockey or trainer details, RSA is purely based on market trends.

Betfair Exchange is often seen as the best way to determine the probability of an outcome for horse races and other sporting events. Whilst it might get it right on average, the idea is to spot a race that isn't lining up to that average and betting accordingly.

The app holds all of the data that you need to be able to do this and there is a collection of tutorial videos that show you how to make use of it.

Membership gives you access to the RaceStatsApp, which is made up of six components:

  • Bet Finder - Provides historical odds, BSP and in-running highs and lows for the past 10 years
  • BSP Training - A training area where you can test your analysis and practice betting on a race as if it was live
  • BSP Check - The live version of BSP Training, where you can analyse each race in real-time and place your bets 
  • Bet Maker - A bespoke betting app connected to Betfair specifically for using with RaceStatsApp
  • Analyser - Import your settings from Bet Finder for fine tuning and use graph building for a visual representation of the data
  • Auto Bet - Take your filters from the Analyser and automatically create a bot to place all your bets for you

It works on races from the UK, Ireland and Australia, but will require a different subscription for the Australian races.

You also get access to the Telegram group where there is a community of other members, so there's plenty of help available and Mike is always on hand to assist as well.

There is a lot to learn, but Mike says that those who put in the time to learn it inside out never leave.

One member said that it took him a while to get used to the new way of thinking about betting, but "when data simply tells you a favourite cannot win, and it's even money, or even shorter, you cannot deny its power.".

We haven't seen anything like RaceStatsApp before and it is a completely different concept to everything else out there. There is no doubt in our minds that you can make a profit from this software, so long as you take the time to learn it.

Read on for our full RaceStatsApp review, or click here to get started.

Getting Started with RaceStatsApp

The first step to get started with RaceStatsApp is to watch all of the training videos and this is an absolute must.

We actually watched them several times, whilst tinkering with the software at the same time. There is a lot to learn and it can be overwhelming at first and without watching the videos you would struggle to find your way around.

The video playlist is located here and you don't have to be a member to take a look, so you can get a good idea of what the software is about before signing up.

After becoming more acquainted with the software, you can proceed however you wish really, depending on how you want to use it. There are so many possibilities, it's just a case of finding what suits you.

Mike likes to look for outsiders to win races and generally doesn’t back favourites.

Most in the chat group use a similar strategy but everyone has their own way of staking and using insurance to fit their own betting style.

We decided to look for value in outsiders rather than betting on favourites as part of our review, as it seemed to the be the most popular way to use the data.

Our next step was to try this out in the BSP Training section, where you can play the races as if you were betting for real.

BSP Training - Practice Mode

Think of BSP Training like stepping back in time, choosing any race since 2013 and betting play money on it to see what would have happened. It is a virtual environment where you can play races without risking any real money.

It’s such a powerful feature and unlike anything we have seen before.

This mode is particularly useful for practicing different ways of staking on races, such as adding insurance or in-play bets.

We spent a lot of time in this section, firstly to learn how to spot value opportunities and secondly, to figure out how we would bet on the races.

After a lot of experimenting, we came up with a staking strategy that seemed to work for us.

In in nutshell, it involved backing the runners that we thought were most likely to run and looked to be good value and then setting up some insurance bets. The types of insurance that we used varied from race to race, usually involving small back bets at higher odds on the favourites and/or laying outsiders at low odds.

You would be amazed at how many times the odds on the favourite would shoot up in-play and then still go on to win it, or outsiders odds moved to below 2.00 and then dropped off.

In these scenarios we could get out of a losing trade easily. Of course, it doesn’t always work but it did save us on many occasions.

BSP Training - Trading Example 1

As an example of BSP Training for this review, here we stepped back to 5th March 2022 (just a random date) and flicked through the day’s races until we found something that could be a potential race to bet on.

You will find out more about what races to look for in the training videos.

The race below came up as a potential, so we went ahead with the staking strategy that we had been testing.

RaceStatApp BSP Training Example

The data told us that the 4th fav had won this race before when the favourite was priced within 5% of these BSP odds.

That didn’t mean 4th fav was nailed on to win, but there were no green dots on the 1st and 2nd fav within 5-10% so we felt confident enough to bet against them.

We lined up our bets and insurance and hit the “Run Race” button. This simulated what would have happened, including matching bets based on the in-play high and low odds.

It turned out that 4th fav did win, and we would have pocketed £36.50 profit having skewed our bets toward 4th and above.

RaceStatApp BSP Training Example

BSP Training - Trading Example 2

We played this example right after the previous one, so that was two nice winning trades in a row.

Again the data was strong on the 4th fav for this race and the sandwich bar below was looking good for a potential trade.

RaceStatApp BSP Training Example

We opted for a slightly different insurance method for this race and it worked well again, giving us a profit on all runners but more on runners 3-6.

Another £30.50 profit made and an easy £67.00 from the two example trades.

RaceStatApp BSP Training Example

We actually played three other races before these that scratched (broke even), showing that it's definitely worth placing those insurance bets.

BSP Training is the best way to learn how to use RaceStatsApp and it's advisable to stay in this area until you are consistently making a profit.

We tried some live trading with BSP Check to get a feel for how we would get on having to make quick decisions. It was certainly trickier, but it's something that comes with practice.

Our next step was to keep working with BSP Training to continue learning and move more into betting for real. We would also be taking a better look at Bet Finder to improve our race selection and ability to source potential big odds winners.

BSP Check - Live Betting

BSP Check has the same interface as BSP Training, so if you have learnt how everything works there, it is easy to switch to betting with real money.

The main difference is that you will have to work at reading the races quickly, as your betting will mostly be very close to the off or even just after the race starts. This is because the odds are often moving around a lot before the race.

For our review, we pondered whether to post our live results and the best way of doing it.

At first we set a target of £10 profit per day, but the pressure of trying to reach a target was making our race selection too loose. It was also too tempting to chase a loss to ensure that we met the target.

We scrapped the target and decided to just play the races that we felt really confident in after carrying out our daily research and made sure that they offered good value.

It worked!

We used the software for a period of nine days (not consecutively) and built up to a profit of £97.28 with our maximum liability per trade set to £10.00. We actually managed to beat the original target that we had set by not having one!

By this stage, we were extremely happy with how consistent our profit was after being extra selective with races and working out a staking method that worked for us.

Bet Maker - Place Your Bets

All of your betting can be done through the RaceStatsApp software with "Bet Maker". You can line up bets to see "what if" figures, then just hit submit when you are ready to place them.

This is handy as you don't need to have Betfair open in another tab and it has some extra useful features too. 

RaceStatsApp Bet Maker

You can easily set your default stake for backing and laying and then use the arrows beside each runner to increase your stake in increments. This is a quick way to see what profit or loss each horse will make without submitting.

When you're ready for the bets to be live, hit submit. Alternatively, you can line up one or more bets at specified odds on one runner at a time using the tool.

One of the latest features to be added is the BSP % as show below. This allows you to line up bets to be placed at a percentage of the Betfair SP, or predicted Betfair SP, depending on when you submit it.

RaceStatsApp Bet Maker BSP %

An example of how this could be used is perhaps backing a horse at odds 200% higher than the BSP (to be matched in-play) and then laying at 50% lower. 

This is just one example but the possibilities are endless.

Bet Finder

Bet Finder is where you will find 10+ years of horse racing data, with the ability to filter through it however you want.

If you devote some time to using this tool each day that you plan to use RaceStatsApp, it can really help you decide which races to play. For example, you may find that a meeting is looking unlikely to have many favourites winning that day, which would give you added confidence backing outsiders.

Take this Fairyhouse meeting as an example:

RaceStatApp Bet Finder Example

It may not be clear to see if you haven't watched the Bet Finder instructional videos yet, but the above image shows that this meeting is expecting few favourites to win and a possibility for a winner at BSP odds over 20.00.

The above example shows how many winners there have been for each runner of the race, so you can see that at Fairyhouse, there have been 12 favourites that have won from weeks 1 - 5 in 2023, but historically there have never been more than 12 during this time.

This doesn't mean it is nailed on that no more favourites will win, but it does give you something to note when you are playing Fairyhouse races later on in the day.

Since our review, Bet Finder has had an update and now features the £££ tab, next to the Won and Lost tabs.

This allows you to see the profit/loss for any search, which is a great help to be able to see what could be good to target in upcoming races.

Again, more information on this feature can be found on the YouTube page where Mike explains how it works.

RaceStatsApp Money

There are so many ways that this tool can be used to find profitable bets and even better, if you manage to filter the data to find a system that looks profitable for the day, you can automate it.

The AutoBet tool can pull what you have found from Bet Finder to place bets for you for the rest of the day.

We go into more detail on this a bit later in the review.

In-Running Data

Since completing our review, RaceStatsApp have added an IR (in-running) tab to Bet Finder, to help source out profitable races based on their in-play data. The IR data is also displayed on the sandwich bar, so you can instantly see it race-to-race.

Mike put together a new video to show how it all works and gives an example of a race that he played in real life.

He shows how a £6 bet could be turned into £148.40 in a few easy steps by replaying the race using the training mode.

In his real trade, he actually made £311.93 profit with some slightly different staking, so it shows what is possible.

RSA IR data update

You can see in the image above that the historical IP high data shows that there were winners at odds of 80.00 and 450.00 in the past, so there was huge potential for a big winner.

Auto Bet

With Auto Bet you can easily create a bot to run place your bets throughout the day for you.

You start by using Bet Finder to find a profitable angle for the day (or week) and then send it over to the Analyser, where you can dig a bit more or continue on to set stakes and odds criteria for the bot.

Here is something that we came up with whilst testing Auto Bet:

RaceStatsApp AutoBet example

The light blue boxes show years where a profit was made backing this particular set of runners. Overall, it was showing that 129.71 points profit would have been made backing these selections over the years.

We had set Bet Finder to only include the 3rd - 6th favourite at an odds range of 6.00 - 28.00. We had also narrowed down the race distances and unticked some of the years of data that we were looking at due to field sizes being different.

It looked like a decent bot to run for the day, but we ran it by Mike first. He found something else that could be worth doing, based on the in-running data.

He had spotted that in every year that we had selected, except one, there had been a 4th or 5th that had hit odds of 100.00 in-running and gone on to win the race.

RaceStatsApp In-play high example

Finally, Mike noted that it looked like most of the winners for this strategy were later in the day, so a start time of 3-4pm might be a better option rather than running it for the whole day.

He was right!

By setting it to start at 3pm, we avoided losing 9.78 points in those early races.

We also added a 0.2 point bet at 100.00 on the 4th and 5th favourite as suggested, and as predicted, it happened!

RaceStatsApp In-play high example

That gave us a remarkable 29.72 points profit from that particular race.

As it wasn't something that had happened more than once or twice, we removed the extra bet from the remaining races.

It turned out that the bot didn't perform as well as expected for the day, but we came out with 9.9 points profit overall thanks to Mike's advice. If we had gone for a 4pm start time, we would have finished with 22.12 points profit.

Finding these extra bits of useful information is key to maximising profit with RaceStatsApp, so it's definitely worth those few minutes more looking at the data.

RaceStatsApp as a Day Job

This leads nicely on to whether you can use RaceStatsApp to bet professionally full-time as a day job. The answer is yes, but it takes time and dedication to learning and developing discipline.

During our review we met some people in the chatroom that had been using the app for a few years successfully. One of them, Danny, had moved from a beginner to doing it as a day job and had been doing so for the past year.

He shared his story with us:

"This is my day job and has been for over a year now.

It took me a year to get to that stage because it is not just about finding winners with RSA - it was also about making sure I had the right discipline and patience in place to continue doing the training every day for at least an hour before I even played a race that day.

I first had to figure out how much I would need and how many points profit I needed to realistically make each month.

I made so many mistakes in the first few months finding a way to play that suited me but once I found a way to consistently win I knew then that I could plan my 'pot', my points target and my staking plan.

I started off playing for 25p with a target of 100 pts and found I was doing that quite easily so then I started upping my stakes and my target until I reached a 500 points target for the month and I have been doing that target each month for a very long time now.

A year ago I started playing full-time (if you can call it that as some days are just a few hours) and playing is just second nature now. The best way to play is the way that suits you and you will find it once you start training over and over again.

This is easily the best way to profit from trading on horse racing but there is a lot of training to do (absolutely well worth it - no pain no gain) but it becomes more and more enjoyable the more you do it.

The greatest part of it is knowing you are going to profit if you do what RSA (the videos, the indicators etc.) tell you to do.

There is no secret formula just training and planning. Data over form every day and not just looking to play the low priced favourites.

RSA has everything on the table and can be absolutely trusted 100% to make a profit if used in the way shown on the videos.

It has absolutely changed my life - 65 years of age work for a few hours a day doing something that I love and get paid for it"

- Danny

Review Summary

  • A unique way of making a profit from horse racing
  • Can be used in many ways to suit the individual
  • Telegram messenger chat group available 

We were absolutely blown away by RaceStatsApp!

There isn't anything else like it on the market and we assume it is because it is a completely new and different way of thinking about horse racing betting. Some struggle to get their head around it at first, but when you do, it is a real eye-opener.

Things like horse and jockey form, trainer details, the weather, are all irrelevant. It is a case of looking at the data that the software provides and finding which races offer good value to bet on.

It is all in the videos and we can't emphasise enough to watch them all at least once, but ideally several times. The Telegram chat room is also a gold mine, as Mike and other members often post their Bet Finder analysis daily there. 

You can learn so much just by following the chat. Ultimately though, you will find your own way of using the software as everyone is different with things like how they like to stake and how much risk they are comfortable with.

To get the most out of RaceStatsApp, you need to put the time into learning it and initially this may mean spending a lot of time in the training area or following live races without betting real money.

Once you have a good understanding, it is possible to dip in and out throughout the day to find profitable races without having to tie up your whole day or evening.

As we mentioned earlier, we barely scratched the surface during our review as there is so much available with this software, but we already felt confident that we could make a steady profit with what we had learnt so far.

We had no hesitation in giving this product a "pass" and it would keep a firm place as part of our betting arsenal.

  • For beginners it is expensive, you need to train for a long time and analyze a lot in order to get a permanent decent income. Now, if the owners gave a free trial period for new members, for example 30 days, and then sold it at full price, then there would be more people willing to buy this program. And so you will spend money, but you don’t know whether you will learn or not. I’m a pensioner, I want to master the program, but I doubt the result, especially since there is a person who didn’t succeed.

  • You can do most of this using Excel for under £11 per month if you sign up to a data source & bot annually to get them cheaper

    • Possibly, but not everyone knows how to do that and it would take a lot of setting up. If you can make it work though, that’s great!

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    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.

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