In this paper we analyse the behaviour of a small-scale model of a magnetic levitation system based on the Inductrack concept. Drag and lift forces acting on our prototype, moving above a continuous copper track, are studied analytically following a simple low-speed approach. The experimental results are in good agreement with the theoretical calculations. 3D-numerical simulations are also used to highlight the significance of the edge effects and to extrapolate the results to higher speeds. (Contains 8 figures.)