Grey Horse Bot Review

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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.

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Article originally posted by Secret Betting Club in BetSeventyTwo forum in December 2009.

Apologies that the pictures in this article appear to have got lost somewhere.

Download Grey Horse Bot here: http://www.greyhorsebot.co.uk/index2.asp

Grey Horse Bot was originally designed as a tool to help you bet on the UK greyhound market. Generally liquidity doesn’t seep into the market until a minute before the off, so it can be a pain to have to wait until then to place your bets on Betfair. Grey Horse Bot was designed to automatically place your bets for you at this time, allowing you to go about your day. Since then, the bot has expanded to work with most of the major Betfair markets such as horse racing, football, snooker, cricket and tennis. The latest version now also works with Betdaq, another sign that Betdaq is at least trying its best to get its act together as a serious rival to Betfair.

SOFTWARE IN DETAIL

Perhaps the most popular reason to use Grey Horse Bot is as a ‘set and forget’ program. This means you can line ‘back’ or ‘lay’ bets up to place at some point in the future providing your criteria is met. This might be to look to back a horse from 10 minutes before the off, if it is between 2.0 and 10.0. You can set it to simply take the best odds available, or join the queue for better odds. The laying function works in exactly the same way, though there is the added benefit of you being able to stake via many methods such as stake, liability, % of bank, or using ladder staking. Setting the bet up to fire a risk of a stake might be particularly useful because at the moment, you can only set Betfair SP odds limits to stake via liability.

Here you can see a screen shot of the section in Grey Horse bot where you select your lay settings.

Grey Horse Bot

That’s the most basic functionality, but there is a lot more to it than that. You can set the bot to bet in the place market provided there are 2, 3 or 4 places available. You can also bet according to rank. For example you can set the bot so it only bets on the 1st and 2nd in the betting order. On the other hand, you may wish to back anything as long as it is not the favourite in the betting order.

Here you can see the Grey Horse Bot settings that allow you to bet based on the betting order.

Grey Horse Bot

For trading purposes, or as a guard against being caught up in a betting coup, you can set the bot to look out for steamers or drifters. These are horses, players or teams that significantly reduce in price, or that significantly rise in price. Finally, to ensure you are betting on the most liquid market, you can set the bot to only bet on the horse, player, or team with the most matched volume available.

Grey Horse Bot

Again on the trading side, you can set the bot to open positions with certain criteria and then close it when a price is met, or your predetermined stop loss is hit.

Staking plans

Aside from straight forward bet matching, perhaps the other main feature used by Grey Horse Bot users is the ability to apply a staking plan. There are a myriad of different staking plans available, though most of these are initially disabled, and you have to agree to the terms and conditions before they are useable. From what we read, the most popular of these is the ladder staking function. Ladder staking is the most popular form of loss recovery staking, and although we don’t go for it ourselves, there are a large number of people who do, especially with ‘lay ladders’. If you were looking to apply a loss recovery strategy of sorts then Grey Horse Bot does provide some safety nets, with a stop and profit and stop at loss cut off. You can also set it to stop after a certain number of wins or losses.

Summing up

Grey Horse bot is a robust piece of software that has worked well for us without crashing at any point. All the bets we set up were placed without any problems. We’re aware that some users have been using Grey Horse Bot with Hoofbeater’s selections, and have encountered some problems due to the complex rules required, but on the whole Grey Horse Bot works well.

Remember though that the bot is just a tool, and simply betting blind or over certain conditions won’t work. You do need your own strategies (or to be following someone else’s) to make money with Grey Horse Bot. Having said that, there is a useful Members Forum with people testing out various ideas and suggestions on how to make the best use out of Grey Horse Bot.

The cost for the first month is relatively inexpensive, so you can test the water with little upfront cost. The first 30 days will cost you £14.99, the next 30 days will cost you £19.99 then the subscription costs £24.99 per month for the rest of your membership. We’d recommend Grey Horse Bot if you want to ‘set and forget’ bets that have specific criteria, such as betting on the 2nd favourite only, however, this may be an overkill if you simply wish to line up bets to fire off with simple price related criteria a few minutes before the off. If this is the case for you then the next bot, BetBotPro might be of interest.