Not equal – but similar
- 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
Firstly, apologies for the poor formatting below. Now down to business. Justin lost with BetbotPRO a week ago and you may not have seen the story here but after some analysis, and with Justin’s permission, I reproduce below a copy of his statement and his further comments by email below.
“Hi John, thanks for your feedback to the comment I left on Betbotpro. I set the stoploss to £500 because although I could have set it to £4000, I don’t really want to lose that much in one day. As it turned out it could well have been a good move as I think that after the stop loss was hit, another 2 faves came in at Swindon and Monmore and christ only knows what the losses would have been then. Perhaps I should have set my recovery to less than 60 percent and been more conservative.
Anyway, below is the tale of woe. I’m not quite sure why the bot missed the 13.33 at Hall Green which would have broken up the sequence and why in the 13.51 at Hove I laid the winning fave when, even though I used your settings to place bets 30 secs b4 the off your bot laid a different dog. The same goes for the 2.06 at Hove, the loss for £429 that took me over the stop loss where your bot did not lay the winner Mythical Dream and mine did.
Anyway, best of luck with your punting. I’m not sure I will go back to Betbot. I notice from analysing your results for yesterday that you were flying by the seat of your pants at times, and one wrong result on those large recovery lays and you could have hit the 4k loss quite easily.” My comments are below the images.
BetbotPRO lays show some distinct differences. We both lost on Head Iton Rodders but the stake was different. Justin’s looks like a recovery but for me it is not as you can see above. A further recovery is then needed but the amount is based on settlement. If BetbotPRO knows there has been a loser 7 minutes earlier then the recovery is initiated. It looks like settlement has been made in that period. Dogs are usually quick. Horses can be up to 30 minutes!
We then move to the 13.27 at Hove – a track that both of us know well. Caloona Cruz wins – another loser for us! Then I go to the 13.30 at Newmarket and it appears Justin is only on the dogs because no bet is made for him. Then the next horse race at Redcar BetbotPRO successfully lays a loser but Justin, unfortunately, has no interest.
Justin writes I’m not quite sure why the bot missed the 13.33 at Hall Green which would have broken up the sequence”…hmm. Well not so fast, my friend. You’re right, it would have broken up the final sequence but not, necessarily, the stake escalation. That depends on settlement. I mention that here for the interest of others. On the dogs which has quick settlement you may be right but in my case with horses as well the escalation continued for me because the horse markets hadn’t been settled.
So I’m back with Justin for a loser on Clairketh Gypsy in the 13.44 at Hove. However, my stake is somewhat smaller. I may be able to explain “…why in the 13.51 at Hove I laid the winning fave when, even though I used your settings to place bets 30 secs b4 the off your bot laid a different dog.” The reason is around this time if I’m here I do regularly change to 2nd favourite manually. I’m sorry if you haven’t seen that Justin.
Now moving to the next for Justin – I had another lay that lost at Newmarket in between as you can see above – we get to Mythical Dream who was the favourite and, again, I laid the second favourite. Whether this is an important lesson or not, only time will tell. But, as I’ve mentioned before, I will ask Mark to include on the next upgrade an ability for BetbotPRO to choose a different favourite for dogs and horses. Certainly it was important on the day referred to.
Finally, sorry for your loss again Justin and thanks for your help in allowing me to analyse the differences between our two settings. Finally, I will say this again. And Justin I am not having a go and I understand your position. But a Stop Loss of £500 used in Justin’s case is way, way too tight for this method of staking. With the Stop Loss at that level I would recommend no more than an Initial Stake of £0.15 and not £1.00.
Another day ladies and gents so good luck, 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.