Subscribe to a newsletter from Streetwise Publications and you will always receive a couple of sales letters thrown in the envelope.

Usually these are business opportunity related offers but there can be the occasional strange offer for a weight-loss course or a speed camera detector.

I’m not surprised that Streetwise do this, it’s good marketing. If you are receiving a newsletter from them then you are already a customer and so related offers for other products are likely to be well received.

So, in with this month’s issue of Passive Income Newsletter (PIN for short) I got a sales letter for a new product which is described as a “back to basics betting method”.

If there’s one thing that sells well in the biz opp world then it is a system involving horse racing.

This one is called the “Lazy Lay Quick Cash System” and has been written by someone called Bill Stratford.

Bill claims that, starting with a £200 bank, he made a tax-free profit of over £47,000 in 2006 by turning the tables and becoming a bookie.

He even provides a run-down of his results he got from laying horses to lose in 2006 and during this time he only had one losing month when he lost £685.60 in October.

His best month was December where he made a massive £21,853.20 in profits spread over 24 bets. Pretty impressive figures…

This system isn’t cheap at £197 but it does come with a guarantee: If Bill’s system has a losing month in the first 3 months after you purchase, you can get a full refund provided that you have followed the system correctly and you send in your betting records to Streetwise.

I’ve purchased a similar laying system in the past but was unable to make it work correctly simply because I had to be glued to the PC in order to trade during a horse race. This was so that I could minimise losses by betting in play.

Not sure if you need to be available during races with the Lazy Lay Quick Cash System. It doesn’t seem that way because Bill says in the sales letter that:

“…you only need to invest a few minutes each day to make this system work for you, scan your morning paper, and place your bets…”

Sounds great but I’m not sure if I’m going to buy this one – not yet anyway!

Bill Stratford is correct in one respect:

“…You know it’s hard to pick winners, so it’s not surprising you never see a poor bookmaker. After all, picking losers (which is what most punters do every day at the bookies’) should be easier…”