Product Name: The Ternary Trading System
Author: Matt Fyles
Company Name & Contact Details:
Waverley Media Ltd,
make £2,500 every week from football – without gambling and without risking a single penny of your own money!
Money Back Guarantee: 45 day guarantee offered if not made profit of £1,000 in that time (trading details in log format provided required to activate guarantee)
What Do You Get?
- DVDs and CD Rom video training plus system manual and quick start method manual
Where To Buy: https://www.markiteer-secure.com/order/form.php?pid=tt-71848-wq
The Ternary Trading System by Matt Fyles is a trading program based on soccer but marketing advises no need for you to have an interest in soccer whatsoever. The literal meaning of the title is “composed of three items”. The materials can be played on a PC or a normal DVD player.
What’s It All About?
Soccer trading strategies with start up system using free bookmaker bonuses to build bank. Detailed training in all aspects of the use of the systems.
How Much Money Do I Need To Get Started?
Suggested £300 should be sufficient if using Quick start method.
How Much Money Can I Make?
Will depend on personal input but if successful then significant sums can be made.
How Much Time Will I Need To Make This Work?
From 30 minutes daily initially but could become full time.
Will I Need Any Equipment To Do This?
PC plus internet connection and betting exchange account.
Value For Money?
To be determined.
Quality Of Customer Service?
Good – response to email within a day.
Initial Review 08/05/2012
Before we get into the specifics regarding this service perhaps it would be worthwhile thinking about the role of the reviewer and what they are trying to achieve.
Although comments on the forum come from relatively few of the large membership we have to assume that many more will read them and try to form opinions on the quality, suitability and value of the product or service under review.
Few readers will have the same outlook on the way they will try to profit and as we know the mental approach is a significant factor in the success or otherwise of any project. A reviewer has to assume that his reader may be a complete beginner and appraise accordingly. There are new members joining all the time and they may be totally fresh to the betting industry.
It intrigues me that often there will be a post within a day of a product being advised as under review stating that it is absolute rubbish and people should not bother with it. This seems to me to be a waste of everybody’s time because without valued reasoning the opinion holds little value and it may prejudice others from the final outcome which could well be satisfactory.
I have read marketing and product manuals where I have laughed long and hard and almost written the review at that point only to find that the reality is somewhat different. So please only post comments on any thread that have basis in fact and can really help members in their decision making process. After all, that is what MMR is all about.
And so we come to the Ternary System which has already befallen the views of the uninformed with the one possible benefit that the product provider has been welcomed to the thread and already helped clarify things. I am going to start from scratch though so apologies for any repetition.
There is no doubt that the System is designed to cater for the absolute beginner to Betfair trading which will mean that some of the content may already be known to others.
The product material is presented very professionally and arrived by post 24 hours after advice of despatch. It comprises 2 A4 manuals and 4 CDs/DVDs all securely packaged. The print is very easy to read and the screenshots are as clear as they can be. The manual for the main system is some 90 pages long.
I should have liked a little more guidance on where to begin – do I read the manual first or look at the DVD? It is made clear that you should start with the Quick Start element first as you have 45 days from the day of arrival with you to use this and claim under the guarantee should you so wish.
I have not assessed this element in full because, as many have pointed out, it is a manual version of Bonus Bagging and I have no accounts left to start – however, my read of the manual does show that the instructions are clear and that a user could achieve profits without risk using them.
It would be a major task to achieve the £1,000 profit quickly but we do know that this kind of money is available to the new starter and so could cover the cost of the system over a period of time.
This is probably the right point to discuss the marketing screen which is accurate but – as always – should still be read very carefully if you are considering investing this sort of money.
On a first read you might think that the quick start is the Ternary system itself but when you look at it in more detail it clearly shows that this method is used to build up your cash to then use the Ternary System and is different.
With the normal attention to detail level exhibited by many I can see why there may be cries of foul here but you would only have yourself to blame if you have not picked up on that before buying. (Might I suggest that the guarantee could be enhanced by offering to refund without condition in the first 7 days if the package is returned with the DVDs and CDs still sealed. You can form a view as to suitability without looking at these and this would remove many objections. Indeed there is a section advising the type of people who the system will not suit.)
I decided to read the manual first then go on to the video training which I believe is the only way to assimilate the information effectively. Even a seasoned campaigner is likely to glean some useful tips from the content if approached with an open mind and the video training is then that much more effective.
The quick start is a course in how to accumulate the profits from bookmaker offers which is very clear and will allow the user to do that completely unaided. You are shown how to use Betfair effectively which is critical if you wish to become a trader and also it is explained how to use a minimum amount of your own cash to build up the betting bank to over £1,000.
My only criticism here is that you are advised to use funds drawn from a credit card to start the process and I am not sure I agree with that – it you have not got a couple of hundred pounds left after buying the system then perhaps you have spent too much in the first place.
The video training for this is a film of a seminar that Matt has given and he comes across very well and has the patience of the proverbial saint when you listen to some of the questions he was asked. This sets you up well for the progression to the main course which is what we are all really interested in.
There are 3 trading strategies explained in the main manual and each one is also covered by a video showing it in practice. The rationale behind each method is clearly explained and the means of selecting matches which are suitable for actual trading are crystal clear.
Each of the 3 systems is of the lay to back type and the time needed to monitor the individual matches varies from 10 minutes, through 20 minutes and the final system up to 70.
It is stressed at all times that the systems should be used for trading not gambling and the aim is to get out at a green screen (profit whatever the result of the game) as soon as possible in each case. If you follow the instructions given you will then be well equipped to undertake live trading.
Members will undoubtedly have their own views as to the efficacy of the individual methods but what I would say here is that the underlying logic seems sound, the testing appears to have been extensive and I was able to make profits on the first trial trades that I undertook on each of the systems.
The testing results show that between 79 and 88% of trades have been successful depending on the system used and if this is the case then the long term prognosis is good.
The manual gives specific staking suggestions for each strategy and finishes with advice on the way to approach building your bank until you are in theory unassailable – I say in theory because in my experience that is when you can lose discipline and make losses so take the advice offered here and avoid doing that.
I think that a major consideration needed here is the time you will spend in using the system. The Quick Start will take minutes per offer used and the suggestion is that by giving up Coronation Street you will devote enough time to achieve the target inside the 45 days.
On the main system the main time is likely to be spent identifying the matches that you wish to trade and although Matt gives some good tips for minimising this, those wonderful people at Betfair have scuppered some of them by their “improvements” recently.
I would hope that the system videos will be updated to reflect this as I am sure Betfair will not retract their changes! It took me nearly 30 minutes to identify a trade for each strategy at the beginning.
I feel what I received is an accurate reflection of what was promised in the sales material. The value judgement is always going to be difficult and an individual one – you could look at it from either end of the spectrum. If you want to achieve success as a trader on Betfair with minimum risk and no need to look elsewhere then this may be for you.
If, however, you want a quick fix and are likely to helicopter off to something else after a short while then it will not work. There are plenty of forum style trading outlets around that cater for the bragging rights merchants but this system is not one of them.
If you understand the fact that the guarantee is related to the bookmakers bonus and requires significant work on your part to achieve the results then you may wish to take this further. What I will say is that had I found this product when I started my betting life I should have much preferred to spend the £2,000 I wasted on rubbish systems/tipsters on this.
Review Update 11/7/2012:
It seems that you will always find that the practicalities of a system are different to the theory expounded in the manuals and The Ternary System is no exception. Even allowing for the fact that we are reviewing at the end of the European football season the number of matches qualifying has been relatively sparse and two of the three strategies account for 31% of the total we have seen.
Anyway we now have a total of 152 matches which is around 10% of the sample number that is referred to in the manuals and there have been some significant variations seen. Across the 3 strategies the author’s experience was approximately 80% success on trades but we have seen just 68%. It also seems as though the winning trades are producing relatively minimal profits and a worrying feature has been the number of matches where the odds movement has initially been the opposite way to that anticipated by the system.
It is also suggested that the trade can be started up to 15 minutes before a match begins and again this can have a significant effect on potential profitability or indeed technical qualification under the system. On several occasions the trade was valid under the rules at that point and then at kick off would not have been after late odds movements.
I have attached the spreadsheet setting out the trades we have monitored – it does not allow you to understand the methodology and before Moles 40 gets excited he should understand that we never disclose how to use a system as this is both unfair on those who have paid good money for it and the authors who have invested in producing the material.
Our job is to try and offer you an informed opinion on the value of the product or service based on the facts arising from our trial. (I would mention here that the spreadsheet is in the format provided by the system and the detail entered is entirely up to the user. I have omitted – but do have manual records of – the pricing details that I might normally record as this could give away too much of the strategy but readers may wonder how providing this spreadsheet to the support team would allow anything other than basic reviewing to be undertaken).
The results demonstrates the variable nature of the operation of the system in practice and it is perhaps this, more than the specific results, that are likely to undermine the user’s confidence in using it further. There have already been some thread comments which are along those lines and I have to say that with the experience I have encountered I would not be putting any actual cash behind strategies 1 and 2 although I do believe the selection criteria for Strategy 3 are sound.
The problem I have with Strategy 3 is that it comes out of trades too soon on many occasions and whilst I understand that this is because of the need for the system to be precise it has resulted in lower profits than might have been the case for an experienced trader.
And that brings us to another discussion point – namely the advice that a user of the system does not need any football knowledge to operate it successfully. There will always be a debate on this and the theory that no knowledge avoids missing profitable matches may well be correct in some cases.
However, had I known nothing about football I should have been trading a Barcelona match against a minnow where the adverse happening occurred within 2 minutes of the start of the trade – and was always a likely occurrence. My relatively ordinary football knowledge would have led me to avoid that match like the plague and so there would have been no loss. I also find it quite disconcerting that many of the recent friendly international matches have qualified for trades – often these matches are a recipe for betting disaster.
These results were compiled over a period of 11 weeks and when I very quickly realised that selecting 1 match per strategy per day was not going to happen have tried to make all the selections that were possible between the hours of 9am and 9pm.
About 50% of the initial selections made did not make it through to the actual trading category. Had I compiled my £1,000 starting bank as demonstrated, then I should be very disappointed indeed at the return I would have seen during this period. The hourly rate of pay does not even bear thinking about.
So what final conclusions may we draw regarding the Ternary System? For an absolute beginner with no, or just a couple of bookmaker accounts then the system can be a no risk purchase. In addition to working through the free money available from bookmakers, such a buyer would receive a very professional introduction to the world of football trading on Betfair which should allow them to have confidence in the mechanics of such operations and thus be able to concentrate on the individual selections when starting to trade for real.
If, however, you already posses a number of bookmaker accounts the value of the service becomes much more limited and there is no safeguard against the performance of the selected trades not reaching the level anticipated by the manual. As a pure training exercise the price is expensive and the value of the systems offered may be judged from the results.
In our trial we have sampled a significant number of matches qualifying as trades under the system rules and although we have seen an overall profit the level achieved does not seem to be worth the price paid for the system and does not to match the advertised levels of £’oos per month.
Many comments on threads allude to the mindset that is necessary for successful trading and I am afraid that my experience would not engender the positive outlook needed to risk my cash on this long term.
You can see a full breakdown of my results here:
The Ternary Trading System Results
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