Comments on: BetbotPRO Settings Update

By: Tobias from Germany

Tobias from Germany — Sun, 31 May 2009 11:29:48 +0000

Hello John,

i was Tobias from Germany and my english is not so good.
But I hope you can me unterstand.

I have now buy Betbotpro and i have read you blogg and have seen you have very good results with betbotpro and dog races.

But i have not found you settings for the bot.

I have a bank from 500 Pounds, can you give me your settings does i can play with this on my Bank.

I hope you can me help.

Best Regards from Germany
Tobias

By: Man of Mystery

Man of Mystery — Thu, 23 Oct 2008 09:53:48 +0000

This is quite a complicated issue Adrian. When it recovers more than twice it is to do with bet settlement. If BetbotPRO doesn’t know the result and if your unsettled bets is set at 3 and there are 3 unsettled bets it will wait until at least one bet is settled before continuing. I’m considering increasing my unsettled bets to 4 because some races are missed due to the delay.

Future recoveries appear also to be partly dependent on bet settlement. Let’s say 3 recovery bets of the same amount are made then the middle timed one is settled and you’ve won then the recover ends. Then the first recovery is settled and that’s a loser then the recovery will start again. But then the 3rd bet is settled as a winner and it will end because the results were the made on the recovery of a previous recovery sequence.

As you know I’m not the application vendor but I’m always happy to help and this is my interpretation of why this occurs and I may be totally wrong.

I’ve tried to explain it clearly but as it’s so complex please don’t hesitate to contact me again if you wish to.

By: Adrian

Adrian — Thu, 23 Oct 2008 09:17:01 +0000

Hallo John.
First off all thank you for a great website.
I am using Betbotpro but I am having some problems with the recovery stake. I am trying the same settings as you are, but with low amounts to start with. The problem is that some times the program plays a recovery bet 1 time, 2 times and some times 3 times after a loss. My setting is the same as yours with 60 % off the loss over 2 bets. How come it plays 1 and 3 even though my settings are fixe on 2 bets? I hope you understand my question and that you have at suggestion to a solution.

By: Man of Mystery

Man of Mystery — Wed, 22 Oct 2008 06:51:20 +0000

Well spotted sir. Amended and thanks. I’m glad someone pays attention.

By: johan

johan — Wed, 22 Oct 2008 06:09:03 +0000

Ok thank you. Nice going yesterday, but i think you have wrote – instead of + in daily results

By: Man of Mystery

Man of Mystery — Tue, 21 Oct 2008 21:56:22 +0000

HI Johan, IMO you need a bank that size for 8+ races if your settings are the same as mine. It’s too late for me to look at a recovery over 4 races. That’s off the top of my head.

I’ll check my first impression in the morning over a coffee rather than a bottle of wine like now. And if I don’t go to bed now I’ll start writing gibberish.

Good night, God bless.

By: johan

johan — Tue, 21 Oct 2008 20:08:30 +0000

I dont actually mean paper trading, im using betbotpro in simulation mode. But maybe thats different then real money anyway.

I have some thoughts about the recovery option. If i bet on fewer races/day say about 30 do i still need the that big bank? I bet on dogs and chose them by a system. And i have 25% on 4 bets recovery. Since 6th of october i have had one losing day. It seems to work, but guess its too short time to answer that yet. I thought i should do simulation mode for a month, then go for it. Im just unsure about how big my bank should be.

By: Man of Mystery

Man of Mystery — Tue, 21 Oct 2008 19:49:32 +0000

You’re welcome. I get a pop up telling me when there’s a post and I always like to reply straight away if I can.

I don’t actually like paper trading. My main income comes from trading forex and demo accounts simply don’t perform like the real thing. Would you really follow your trading plan with real money? That’s what’s important. Can you get matched? Another factor. Will the programme really perform exactly the same way as you do when paper trading? I’ve found not – especially when there are other factors too.

There are many other considerations too. I’ll do a post on the full subject next week. But, as always, do whatever you feel comfortable with. We’ll all have to paddle our own canoe.

Hope this snippet helps

By: johan

johan — Tue, 21 Oct 2008 19:28:57 +0000

Ok, thank you for your fast reply.

One more question, if i think i have found a “system” that works for how long do you think i should papertrade before betting with real money?

/johan

By: Man of Mystery

Man of Mystery — Tue, 21 Oct 2008 19:24:24 +0000

Hi Johan, thanks for posting. It’s generally the first favourite. If I’m around and I fancy some of the favourites in the horses – I know nothing about dogs – then I’ll switch to 2nd favourite for everything manually when the first horse is running that I don’t want to oppose.

Good luck.