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Man of Mystery

I opened my Betfair account on 22nd April 2003. I was one of the first subscribers to Adam Todd's BetTrader and was a founding partner of JuiceStorm.com on 17th February 2007.

Latest posts by Man of Mystery (see all)

• The TopTrap Greyhound Profit And Loss Account On Betfair - March 17, 2022
• Betfair Best Execution – 11 Requested & Filled At 320 - January 16, 2022
• BTB System e-book - March 13, 2015

Win A copy of BetBotPro: BetBotPro Competition

During the month of October 2008 I had the opportunity to use BetBot Pro to fully cover a mix of UK, Irish, US and South African horse racing and UK greyhounds. The selections have been made using a recovery staking plan of between 60% and 80% over two races where there is a loss. I have currently settled for a recovery of 70%.

I have found the software to be stable and on the couple of occasions where there were CPU challenges because I have several applications running I have been able to close it during racing and it magically takes up where it left off when started again. This is because it writes the daily data, after you have made your selections, in to its own folder.

Regular readers will know that Bet Bot Pro waits to see if a recovery is needed by waiting for Betfair settlement. This will always raise the potential for unnecessary recoveries and this is, indeed, what happens. A fault of the software? Of course not. That is the only way it can operate to be 100% accurate.

The Initial stake I used was £1.00 with a bank of £10,000. I was aiming for a daily return of 1% which was exceeded and I had a stop loss of £4000. The minimum number of runners was 6 and that has been changed to eight for the last week.

One of the most attractive features I found was the Back/Lay Ratio % which I had at 10%. It helps avoid lays where the market is thin and bad value. This is essential for non UK horse racing.

I found Bet Bot Pro very easy to use. There is a free three day trial and there were no problems in set up – it took less than 5 minutes. I set up BetbotPro to run from mid day to midnight and it did its stuff, day in, day out.

There are many “edges” you can get in this and other financial markets. The traditional way to get an edge in horse racing is to study the form and career stats for horses, jockeys and trainers and research course stats by meeting for jockeys and trainers with runners at the relevant meeting – and loads, loads more.

BetbotPro will not, of course, do any of that for you. It’s simply a mechanism for placing bets, either on your specific selections (where hopefully you’ve done some of the above) or going against or with the 1st, 2nd, 3rd or 4th favourite.

Bet Bot Pro can automatically place Back OR Lay bets on UK, US, AUS, RSA Horse & UK, AUS Greyhound races depending on your criteria. It’s a massive timesaver. It takes just 5-10min to make your daily selections if you choose that option.

It’s got a minimum and maximum odds range filter so it only places bets if they’re within your limits.It can place bets 1sec – 10min before the race starts and has a minimum or maximum number of runners filter.

If you want to focus just on a staking plan which is what I did for this month’s review then there are several. You can go with level stakes, % bank stake, fixed liability, % bank liability or % recovery staking.

It has a stop loss and profit target to ensure you limit losses for the day and stops when your profit target is hit. This is a great safety feature and one I use every day. It also has a trailing stop feature to protect profits already won.

There is an unsettled bets allowed filter which stops betting until last x bets have been settled. Mine was set to 3. And BetbotPro runs while you’re away at work or doing other things.

So that’s it for this month’s software review. My conclusion is that, in the right hands, this is a bot that does exactly what is says on the can. The permutations you can use to extract a profit from the markets above are substantial. I liked it. Yes, it made a profit. Will it for you? No idea. It depends on what you do with it.

Now I move on to the only negative which does impact on the profit. After several hard days of recovery stakes BetbotPRO decides enough is enough and stops recovering and just goes in to level staking. I first reported that here and it happened again yesterday. I came back and noticed several missed recoveries so I downloaded another BetbotPRO and ran the two applications side by side and checked and double checked all settings as they were running. They were identical.

I really don’t know what is causing this but in terms of risk the problem is minimal. It’s just a shame that several recovery opportunities were missed for a couple of hours which reflects in a lower profit. The stakes therefore increased during racing yesterday but with recovery only on half the stake the exposure was still well within limits that I find comfortable. I only posted the new BetbotPRO results in the daily results section. The failed recovery bot lost £9.86. Neither are included in the summary below.

Well that’s it from MOM Towers in Malta for today. Stay safe wherever you are and good luck to you all as always.

Try for Free

Grab yourself a copy of Bet Bot Pro Here, there is even a free trial available! And with stakes as low as 10 pence you can try new stategies with real results for little risk. A summary of my daily results until Tuesday, 28th October 2008 is below.

See the full results at BetBotPro Daily Betting Result.