A losing day for BetbotPRO?
- 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
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It looks like we might not get past a double digit profit today. It could even turn in to our first losing day. Why? Very few consecutive winners (losers for me). So the recovery – or chasing your loss, if you wish – hasn’t really got in to its stride today. The ideal day is where we have two or three consecutive losers on seven or eight separate occasions. Oh well, c’est la vie.
The profit over 77 races and 63 lays currently stands at £60 for today. Normally at this point in the day – (Where’s the timed posts Lee? 🙂 ) – would be £100+. The time in the UK at the time of post is 17:50. The full day’s results will be up as usual in about 4 hours or in the morning (https://helmii.com).
But don’t forget our new section which will is published automatically at 11.00pm UK time every night. It features all the beaten favourites from their last time out which will be running the next day. I hope you’ll find it useful. And thanks for your kind messages and encouragement – here and elsewhere. You know who you are. It makes it all worthwhile.
In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.
2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.
2023 less markets were traded – 17,459 – but a with a similar profit to 2022.
All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.
All results for the 48,094 Betfair markets traded are here and the charts are here.
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Hello again MOM, hope you are well. This is probably a question for the creator of BetbotPro but regarding the “recovery bets”. Say you lay 2 or 3 consecutive losers in any given day then surely you will hit your stop loss pretty quickly because the stake needed to retrieve 3 losses, and the potential fourth loss, will be too high? Just a thought. I have a couple of quick questions which hope you can answer! Say you have set up your bot for the day and gone out. What happens if your broadband connection fails at some point (even for a few seconds) and connections to Betbot/Betfair are lost. Presumably thats it 4 the day as you are not around to log back in. And finally, and apologies for my cheek, but could I ask what system you lose for your greyhound lays?
Many thanks and a very good evening.
Justin
Hi Justin, thanks for dropping in again.
If you take a look at http://juicestorm.com/results day 2 – 5th October 2008 – starting with the 13:44 at Hove, then the 14:10 at Huntingdon you will see 3 consecutive losses then a winner then 2 consecutive losses. And again at Oxford in the 14:38, 3 consecutive losers then in the US the 18:31 at Belmont another 3 consecutive losses.
The key to this staking plan is the low initial stake – £1 – and the recovery over 2 bets rather than one. For the more cautious I would even suggest a recovery over three or four bets but then that can also bring its own challenges. I’ll do a post on that at another time for why I favour my route.
At the Betfair minimum stake of £2 what you write may well prove correct -it depends on the price. Apart from the ability to recover because the stake and exposure even with an adequate bank is massive the liquidity might not be sufficient.
However, if you look at all results we regularly have two and three consecutive losses. To recover after the third – if you haven’t hit your Stop Loss of course (mine is £4000)- you need and I recommend a MINIMUM bank of 10,000 times your stake. The bank being used for this exercise was a little over that.
Most wouldn’t want to commit funds of that size to this but you could still get away with a bank of £1000 for an initial stake of 10 pence.
The loss of connection has happened to me twice and on both occasions, obviously, no bets were made. The 2nd occasion was today where we missed five races in the afternoon. When it came back BetbotPRO carried on for the rest of the day happily as you’ll see in the results which will be posted by Lee later tonight or in the morning. There is no need to log back in.
Now, as to the greyhounds, I have to admit that I know nothing about them. However, based on past statistics, if you oppose the favourite – lay him – and use the settings I do you will make a profit annually and will not have a losing month. But, as we all know, the past is not always a guide to the future.
Finally, please bear in mind, always, always, always use a Stop Loss. It’ll let you live to fight another day.
Thanks so much for posting and it really is no trouble at all to reply. I’m sorry I couldn’t assist more with the greyhounds – and I come from Hove where there’s a great Coral’s track! Good luck Justin, as always.
Cheers MOM. I spent eight happy years living in Brighton, and more than a few nights down at Hove dogs.