Here is the first in a series of BetBotPro videos, this is the demo movie created by Mark Baker (Bet Bot Pro Developer). We will continue this series with the BetBot running the ManofMystery settings and will show you the Bot in Back and Lay Mode.

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My first guest is Jon over at TalkBet who made “…a major balls up of global proportions mid August 2007 when he deleted his blog in a flouncy hissy fit.” It’s a shame really because he had some great content there. But it has now built up again. If you want to ask Jon any questions then just Skype them in to me when the show’s live. Add WhenUBetToday to your contacts now so you’ll be ready if you want to.

We’ll be chatting about his Powerstats which are up and down a bit in terms of profit. He’ll also be telling us about his background in the markets and how he makes a profit using Betting Exchanges. We’ll also find out if he’s back from the brink of disaster with his in play football application which has managed to get shafted for over £700 in the last 2 days! And lots, lots more. It promises to be a great show. And I’ll also be calling out BetbotPRO’s adventures as well. Will the bank blow live? Tune in and find out.

There are loads more live radio shows lined up as well. Future guests will include the legendary blogger Leon of Don’t Give Up Your Day Job and Klaus, the author of BetDruid who has created two applications for trading either in Betdaq or Betfair. Both applications are free and he writes “they will be a community driven development and will remain free.” Good on you Klaus!

There are more guests lined up as well and if you fancy chatting to me live or in a podcast for later broadcast on WUBT Betting Exchange Radio just Skype me or telephone +44 (0) 1273 782696 or use the contact form.

Ladies and gents, have a great day’s racing and a fantastic weekend.

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During the month of October 2008 I had the opportunity to use BetBot Pro to fully cover a mix of UK, Irish, US and South African horse racing and UK greyhounds. The selections have been made using a recovery staking plan of between 60% and 80% over two races where there is a loss. I have currently settled for a recovery of 70%.

I have found the software to be stable and on the couple of occasions where there were CPU challenges because I have several applications running I have been able to close it during racing and it magically takes up where it left off when started again. This is because it writes the daily data, after you have made your selections, in to its own folder.

Regular readers will know that Bet Bot Pro waits to see if a recovery is needed by waiting for Betfair settlement. This will always raise the potential for unnecessary recoveries and this is, indeed, what happens. A fault of the software? Of course not. That is the only way it can operate to be 100% accurate.

The Initial stake I used was £1.00 with a bank of £10,000. I was aiming for a daily return of 1% which was exceeded and I had a stop loss of £4000. The minimum number of runners was 6 and that has been changed to eight for the last week.

One of the most attractive features I found was the Back/Lay Ratio % which I had at 10%. It helps avoid lays where the market is thin and bad value. This is essential for non UK horse racing.

I found Bet Bot Pro very easy to use. There is a free three day trial and there were no problems in set up – it took less than 5 minutes. I set up BetbotPro to run from mid day to midnight and it did its stuff, day in, day out.

There are many “edges” you can get in this and other financial markets. The traditional way to get an edge in horse racing is to study the form and career stats for horses, jockeys and trainers and research course stats by meeting for jockeys and trainers with runners at the relevant meeting – and loads, loads more.

BetbotPro will not, of course, do any of that for you. It’s simply a mechanism for placing bets, either on your specific selections (where hopefully you’ve done some of the above) or going against or with the 1st, 2nd, 3rd or 4th favourite.

Bet Bot Pro can automatically place Back OR Lay bets on UK, US, AUS, RSA Horse & UK, AUS Greyhound races depending on your criteria. It’s a massive timesaver. It takes just 5-10min to make your daily selections if you choose that option.

It’s got a minimum and maximum odds range filter so it only places bets if they’re within your limits.It can place bets 1sec – 10min before the race starts and has a minimum or maximum number of runners filter.

If you want to focus just on a staking plan which is what I did for this month’s review then there are several. You can go with level stakes, % bank stake, fixed liability, % bank liability or % recovery staking.

It has a stop loss and profit target to ensure you limit losses for the day and stops when your profit target is hit. This is a great safety feature and one I use every day. It also has a trailing stop feature to protect profits already won.

There is an unsettled bets allowed filter which stops betting until last x bets have been settled. Mine was set to 3. And BetbotPro runs while you’re away at work or doing other things.

So that’s it for this month’s software review. My conclusion is that, in the right hands, this is a bot that does exactly what is says on the can. The permutations you can use to extract a profit from the markets above are substantial. I liked it. Yes, it made a profit. Will it for you? No idea. It depends on what you do with it.

Now I move on to the only negative which does impact on the profit. After several hard days of recovery stakes BetbotPRO decides enough is enough and stops recovering and just goes in to level staking. I first reported that here and it happened again yesterday. I came back and noticed several missed recoveries so I downloaded another BetbotPRO and ran the two applications side by side and checked and double checked all settings as they were running. They were identical.

I really don’t know what is causing this but in terms of risk the problem is minimal. It’s just a shame that several recovery opportunities were missed for a couple of hours which reflects in a lower profit. The stakes therefore increased during racing yesterday but with recovery only on half the stake the exposure was still well within limits that I find comfortable. I only posted the new BetbotPRO results in the daily results section. The failed recovery bot lost £9.86. Neither are included in the summary below.

Well that’s it from MOM Towers in Malta for today. Stay safe wherever you are and good luck to you all as always.

Try for Free

Grab yourself a copy of Bet Bot Pro Here, there is even a free trial available! And with stakes as low as 10 pence you can try new stategies with real results for little risk. A summary of my daily results until Tuesday, 28th October 2008 is below.

See the full results at BetBotPro Daily Betting Result.

You can lay the selections above using Bet Bot Pro, there is even a free trial available! And the great option is that you can even set the stake to as little as 10 pence. Or you can follow a different strategy which has produced these results. It is discretionary and does require more work as settings are changed occasionally during each day’s racing.

Got an account with Betdaq? Why not? Get one now and keep more of your profit! And bet £25 and get £25! Promo code 3MAF08.

It’s a No Brainer!

You can lay the selections above using Bet Bot Pro, there is even a free trial available! And the great option is that you can even set the stake to as little as 10 pence. Or you can follow a different strategy which has produced these results. It is discretionary and does require more work as settings are changed occasionally during each day’s racing.

Got an account with Betdaq? Why not? Get one now and keep more of your profit! And bet £25 and get £25! Promo code 3MAF08.

It’s a No Brainer!

You can lay the selections above using Bet Bot Pro, there is even a free trial available! And the great option is that you can even set the stake to as little as 10 pence. Or you can follow a different strategy which has produced these results. It is discretionary and does require more work as settings are changed occasionally during each day’s racing.

Got an account with Betdaq? Why not? Get one now and keep more of your profit! And bet £25 and get £25! Promo code 3MAF08.

It’s a No Brainer!

Results 25 Oct 08

You can lay the selections above using Bet Bot Pro, there is even a free trial available! And the great option is that you can even set the stake to as little as 10 pence. Or you can follow a different strategy which has produced these results. It is discretionary and does require more work as settings are changed occasionally during each day’s racing.

Got an account with Betdaq? Why not? Get one now and keep more of your profit! And bet £25 and get £25! Promo code 3MAF08.

It’s a No Brainer!

You can lay the selections above using Bet Bot Pro, there is even a free trial available! And the great option is that you can even set the stake to as little as 10 pence. Or you can follow a different strategy which has produced these results. It is discretionary and does require more work as settings are changed occasionally during each day’s racing.

Got an account with Betdaq? Why not? Get one now and keep more of your profit! And bet £25 and get £25! Promo code 3MAF08.

It’s a No Brainer!

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.