Frequently Asked Questions
Find below the most frequently asked questions. If there is something that you need to answer to that is not covered here feel free to contact us by using the form on the Contact us page
How much does it cost to join?
There are two payment options:
If this is the first time you have joined you'll get the discounted price for the first month of £19.50. After that if you decide to stay with us you’ll be charged £39.50 for subsequent months. That’s just over a pound a day which is excellent value. We offer a 14 day money back guarantee so if you decide BetAlchemist is not for you just ask for a refund!
Remember you get the first month at the discounted price. By the end of this you should have covered the price of the next month covered.
As per the monthly subscription you get the discounted price for your first month which brings the price for the quarter down to £84. After that, if you decide to stay with us, you’ll be charged £99 for each subsequent quarter. This is much better value than the monthly option.
I've forgotten my username/password
No problem. Please go to the login screen and enter your registered email address under the lost password heading. An email will then be sent to that address reminding you of your username and containing a link to where you can reset your password. If you’re still having problems, email me on support[at]betalchemist.com (replace [at] with @ of course).
How do I get the selections?
The selections are posted in your member’s area under the ’Today’s Selections’ link You will have to log into your members’ area to get them. An email is sent to members as soon as new selections are published on the website.
When are the selections posted?
We usually post selections at approximately 19.00 the night before racing and there may be additional selections posted at around 10.00 the following morning. An email is sent to members as soon as new selections are published. The date and time of the next scheduled bets are including in signed up members emails as well as at the end of each new selections update. Therefore, you are always aware of when the next bets are due online and do not have to log in and check for new updates constantly.
How many selections are there?
The number of selections varies from week to week, but the average to date is just under nine. On a Normal racing week most bets are over the course of the Weekend when the better quality races take place. Of course there will be more bets than normal during the major festivals like the Cheltenham Festival & Royal Ascot.
How should I bet them?
To some degree, this is up to you. However, if you want to follow my own staking, I will be backing one point win at 4/1 or shorter and half a point each way at bigger than 4/1.
What about my betting bank?
There is a couple of things to consider here. Largest drawdown so far was 40.2 points over period 5/5/13 to 30/8/13 (245 bets)” direct quote from Secret Betting Club You will need a minimum betting bank of 60 points for the Cheltenham Festival – cash tied up until day of race as many selections backed non-runner no bet (NRNB) in more than one race
A bigger bank of 80 points is recommended during the lead up Month to the Cheltenham Festival as we could advise 50 points or more This is our busiest time of the year so make sure you have enough in your betting bank. After the Cheltenham Festival 60 points is the minimum betting bank required although it is highly recommended you work off an 80-100 point bank.
Will you be updating the results?
Yes we do in both good times and bad. You can expect an update roughly every two to three days. Check out the Results Menu on the website. The Results Since Live page contains every bet placed since December 2012.
Do offer a Refund policy?
You are protected by a 'no quibble' refund policy. Try BetAlchemist for 14 days and if we fail to make a profit or you just don’t like the service, email us and we’ll Refund your subscription... no questions asked.
How do I cancel my subscription?
You can cancel your subscription at any time by logging into the members area and clicking on the "My Account" link. Please note that you will still have access to all your members benefits until your current subscription runs out.
What staking plan to you advise?
Win selections stakes are normally advised to 1 point (and very occasionally to 2 points. Each way selections stakes are normally advised to 0.5 point each way.
Why do you give a lot of each way bets?
Well, the main reason is to keep a healthy betting bank. If I was to bet win only, we would have longer losing runs for sure. That can be a worry for some bettors who lose confidence in a service quickly if not producing winners.
My my main aim is to find value selections that produce a profit over the long term. I only bet on selections if I expect them to win, which means I would be very confident of them being placed . For example I might put up a selection as an each way bet at 4/1 and if the horse wins great... but also if it places there is no harm done and our stakes are refunded.
Which bookmakers should I use?
We always tell you which bookies are offering the best available price and place concessions. Always try to use bookmakers offering a “Best Odds Guaranteed” as often as you can. I will list my preferred bookies and their specials to avail of, on the member’s page. As we are betting mainly on the top races advised prices are normally easily obtained. We always take the price never the starting price or S.P.
We highly recommend spreading your bets around wherever possible as bookmakers do not like winning accounts as we have learned over the last few years!