BetbotPRO Settings Update
- 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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I have now had an opportunity to review the 2000 or so selections Betbot PRO has made since October 4th 2008 based on my criteria. I have included South African and US horse racing but with the current limit to 100 winners – which Mark says will be changed in the next BetbotPRO upgrade – I am of the opinion that because most of those markets aren’t covered fully we might as well just stick with UK horse racing and UK greyhounds. Currently, many evening greyhound meetings today are missed because of the limit to 100 winners. 122 races so I anticipate we’ll have an interest in most.
This change came in to effect yesterday. I have also changed the maximum odds to 6 on both. This will impact on the number of recoveries required each day but based on the data I have now the exposure will be well within BetbotPRO’s limits. However, the first day of the settings change is also our first losing day. 🙁
It was all decided on the last at Romford – never liked that place! A difference of just over £340. Have I made the right move? Only time will tell. And remember that the recovery continues today so it will be an Initial Stake of £241.25 on the favourite at Nottingham in three hours. Wish me luck!
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Finally, I must re-iterate the Stop Loss I use is £4000 because of another comment made last week. Please, ladies and gentlemen, you will lose regularly if your Stop Loss is too tight and the profits you make on the days where your Stop Loss is not hit will NOT be sufficient to cover your losses. Simply, for a £1 initial stake you need a Stop Loss of £4000. For an initial stake of £0.10 you need a Stop Loss of £400. And your bank should be at least three times your Stop Loss. I trust everyone understands the relationship of Initial Stake, Stop Loss and Bank. And please make sure you also set maximum unsettled bets to three and a back/lay % to a maximum of 10%. These two settings are critical and cover your exposure and the ability to avoid thin markets respectively.
Ladies and gentlemen, have a great day and good luck to you, as always.
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.