In his report "The Bank Vault Report" John Dee shows you how you can use betting exchanges like Betfair.com to back horses to lose using what he calls a "Lay Ladder".

This is Basically a Stop at a Winner that works with "Lay betting" instead of the normal "Win" so you in effect "Stop at a Loser".

Having tested out the Bismarx in my daily email at http://www.horseracingsystemsuk.com. I wasn't sure if this report would give you the real information needed to get the same results, especially as it is only 13 pages long. But I needn't of worried it is all here, step by step instructions on how to create and bet on your own "lay ladder".

John says- "To date we have only ever had one "wipe out" day (i.e. all selections won). I developed this system after following racing for many years and coming to the conclusion, as we all do in time, that it is far easier to pick losers over winners. The key was to minimise liability in a losing run."

The report as been produced in pdf format which means it can be read on just about any operating systems (Windows, Mac, Linux) and can work with horse racing all over the world as long as you can see the odds before the start of the race!

John covers every part of the system in detail and makes it easy to understand, that said you will have to make a small effort to make sure you understand the concept totally. Its not that the maths involved is hard (it's not algebra or anything like that!) but it takes a couple of tries to get to grips with understanding your risk and using the staking plan that is recommended to use with the "lay ladder".

There are plenty of examples here to make sure you get the hang of the "Lay" ladder and the staking plan and John finishes off The Bank Vault Report with a Q&A section and resource list.

Overall this is an excellent report and one that I have no qualms in recommending. One person that I did recommend it to before writing this review emailed me back a week later with this…

As you know, I purchased the bankvault report from Jon over at bismarx about 10 days ago and have not had a losing bet since I began betting real money a week ago.

"Once I understood the report I realized how it is possible to win everyday. We've won on South African tracks, English Tracks and Australian tracks.".

The really good thing about this system is that you are not tied down to one newspaper or site, any betting exchange will do where you can get people to match your bet.

To read more about The Bank Vault Report Click Here.

Malcolm writes "The Horse racings system daily Tip" newsletter that contains information and advice about horse racing systems and tipsters. Subscribe free at. http://www.horseracingsystemsuk.com