Several of you have contacted me asking me to share the automated betting strategy ideas that I have tested using the Bet Bot Pro software
Before anybody goes diving in with big stakes I must stress that these are only ideas. I have tested them over short to medium periods of time and have had some success – however I strongly recommend that you test each one yourself either using simulation mode or very small stakes until you are satisfied that you want to use them. Remember Bet Bot Pro lets you stake less than the Betfair £2 minimum.
I strongly recommend that you open a separate account to use exclusively with Bet Bot Pro. Deposit a small amount of money in your new account and use it to test out various strategies. Remember Betfair will also credit your new account with an additional free £25. When you find a strategy that you are happy to use you can deposit more money and increase your stakes.
Do not start running automated strategies using your existing account because it makes it very difficult to remain emotionally unattached if your strategy has a bad day. You need to give it a chance to work over time using a small test bank.
Test each strategy over a reasonable period of at least a month. Don’t discard an idea if it has a couple of losing days, just make sure you save all your records (the software allows you to do this easily) and see how each idea performs over the course of your test period.
OK that’s the general advice over with – I hope you act on it because it is important if you are going to be successful. Now on with the strategy ideas.
Strategy 1 – Oppose a poor backing system
So – a quick question for you. Have you ever bought or been given a backing system that turned out to be complete rubbish? One that seemed like it never produced a winner? A system so bad that you half suspected the bookies had written it?
I suspect that if you’ve been interested in betting for a while then the answer is almost certainly yes. Well – we may have a use for it after all, so fish it out of the bin. How about instead of backing the system selections you lay them all instead.
Quite a few years ago I tried using one such system, I think it was called the “Cutting edge System” or something like that. The results were awful and needless to say I soon stopped using it. The rules were simple – using the racing post website, back all horses that had been selected by only one tipster.
So as this system was so bad, my idea was let’s do the opposite- lay all horses that have only been selected by one tipster in the racing post.
I don’t have time to explain how to use the racing post website here, but it should be fairly intuitive. Basically look in the tips column on each race card for the number 1. It’ll look like this:
There will often be more than one selection in a race, but only one horse can win, so I just included every horse that fit the criteria.
Sometimes these horses went off at big prices so to limit my liability I set the maximum odds to 8.0 using Bet Bot Pro.
It takes about 5-10 minutes in the morning to set this up before you go out for the day. Log into the racing post website (it’s free to join) and go through each race card using the “show all races on one page” option, then in Bet Bot Pro just tick the check box for each horse that has only one tip.
You don’t need to worry about the prices, just include all selections and the software will ignore them if the price is too high. I set my bot to place the bet 20 seconds before the off.
I tested this for a month and only had 4 or 5 losing days, so give it a try and let me know how you get on.
Strategy 2 – Oppose a poor tipster
And no – I’m not talking about myself before anyone tries any wise cracks
Again if you got to the racing post website, take a look at the tipster leagues. You’ll see that not many make a long term profit, so it’s well worth opposing all their selections.
I actually tried opposing all selections picked by Spotlight.
The logic was simple – the spotlight tipster has to pick a horse in every race when normally there are many races you’d leave alone, so of course his strike rate and returns will suffer because of this. Also it is an opinion listened to by a lot of punters meaning his picks will often be over bet and go off at shorter prices, meaning you get long term value.
You can easily see which horse spotlight has picked, look at the “Spotlight Verdict” paragraph below the race card, his pick is the horse in BOLD CAPITALS.
This strategy gives you one horse to lay in each race every day. Give it a try over a decent period of time and let me know how you get on.
Strategy 3 – Greyhound Experiment
I’ve never really had that much success with the Greyhounds but I know other people do so there must be some good strategies out there. Personally I think it’s completely random – especially the BAGS races that are run during the day.
The greyhound markets are not the same as the horses, there is less liquidity and there is no data to say that the prices on each dog are an accurate reflection of their chances of winning.
So, what I tried was to just lay the favourite in BAGS races. If the winner can be pretty much any dog, it makes some sense to lay the one with the lowest price, so your liability is less if it wins.
To protect my bank I set a maximum price of 3.5 on my greyhound lays. Because I was laying based only on market position I could just let the bot pick the selection for me, so it took no time at all to set up.
I did hit a few losing days doing this but I was showing a profit over a period of a few weeks, so it’s worth you trying out in simulation mode at least.
Those of you who have been with me for a while, or read my review on Auto Lays, will know how bad an idea it is to try to recover 100% of a lost lay bet on the next bet. You only need 3 or 4 lost bets in a row to get yourself in a whole load of trouble. Don’t be tempted.
However, one of the good things about Bet Bot Pro is that it lets you recover a smaller percentage of your losses and spread that recovery over a number of races.
You might know that Betfair prices are on average 20% higher than SP – so if you could recover 20% of your losses on every lay you lose, you’d effectively be laying all horses you select to SP. In other words you’d be laying at the same prices the bookies do, and we all know that they do ok out of horse racing long term.
Before you rush off and set this up in the software, bear in mind that your stakes will still rise when you hit a losing run, just nowhere near as dramatically as if you tried to recover it all – so proceed with some caution. Your selection system still needs to have a good enough strike rate to make the recovery staking realistic.
For example if I knew my selection system had an 80% strike rate I might look to recover 20% of my losses over something like 3 races. Just an example though – you need to play with this setting (in simulation mode) and see how it works with the strategy you’re using.
If you can get it right, partial loss recovery will greatly increase your profit margins over time.
OK that’s all for now. I hope that this has given you some ideas you might like to try, or maybe it’s inspired you to think up some other ideas of your own.
Just a reminder that to implement these strategies you will need to get hold of a copy of Bet Bot Pro. You can get a free trial of the software before you decide to buy.
If you have any success with these then I’d love to hear about it. If you come up with any new ideas that you’d like to share then please do let me know and I will add them to this page – that way hopefully you can all benefit from each other’s ideas. I will of course credit you for your ideas, I won’t be stealing all the credit for myself, so it’s a chance to have your name up in lights as well.
Please leave a comment if you have any ideas you’d like to share.
Unfortunately I can’t help you all individually with these ideas (although I will try to reply to comments so that everyone can see the answers) so if you’re unfamiliar with the racing post website etc you will need to get your help from them. There is a help and FAQ section on there that should answer your questions better than I could anyway.