Bettin Bots - False Favourites
Bettin Bots - False Favourites
Presents…
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Disclaimer notice: The author of this work takes no responsibility for any possible consequences or any
action taken from following the information in this book. Always check the local laws in your country before
gambling, as it is actually illegal in some countries. Never bet more than you can afford to lose. Always use a
betting bank, and be responsible for your own actions. For further information regarding responsible gambling
refer to the Gamble aware website.
Acknowledgements: We would like to thank BetBotPro, Betsender, Greyhorse bot, Racing Traders, BF bot
Manager, LayBotPro and Staking machine for permission to use copyright material, included in this manual
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There are many software bots available that are configured to carry out many different
types of repetitive tasks on the internet.
Their automated functions are achieved with a speed and consistency that we humans
could never match.
Uses are wide ranging. There are bots that automatically scan for bargains on eBay
listings. Search-engine spiders index websites. Bots can trade shares or invest in forex
markets.
Other bots act as automated online assistants, handle automated voting on Youtube,
scrape data from websites, and automatically gamble for their owners. The list goes
on.
Those on the dark side use bots for malicious purposes. Harvesting email addresses
for spam, spreading viruses, and linking PCs to collectively attack websites by
overloading them, are just a few examples of many more uses of harmful bots.
The more users there are, the greater the range of markets on offer, and the greater the
volatility of those same markets. (It’s the volatility that offers the best price-trading
advantages.)
Not surprisingly, therefore, most racing bots are made to work on Betfair only. Some
are configured to work on Betdaq only. A few others offer both options.
As Betdaq gains traction and gains more adherents looking for an alternative to
Betfair, we can expect more dual-exchange bots.
For example, you might have a relatively successful system that works on race
distance, track and number of horses.
According to your system you bet the favourite only if it is in a certain price range at a
particular time either before or during the race.
Rather than sit there all day monitoring each race for betting opportunities you can
use a bot to do it all for you whilst you get on with your life and do other things.
Enter the appropriate settings into the bot. Run the bot and it will accurately,
consistently and tirelessly place the appropriate bets for you on each race that fits the
profile you have determined in the settings.
You can then leave the bot running, knowing it will handle the qualifying bets for you
whilst you are at work, during your time off work, and even whilst you eat or sleep.
Upsides…
Unlike human punters a betting bot never gets tired. Or suffers doubts and keeps
changing its mind.
Because it feels no fear about losing money it never suffers from the ‘second thoughts
syndrome’.
Human punters tend to be influenced by price movements near start time. They either
become over-confident or lack confidence in their selections. Then they chop and
change at the last minute. Sound familiar?
The betting bot won’t do any of that. It is completely unaffected by fatigue, boredom
or doubt. That’s because it’s completely free of emotions.
The bot will operate according to configuration instructions given to it in the user
settings. In other words, you can control exactly what the bot will do, exactly how it
will do it, and exactly when it will do it.
But the settings you specify are crucial, of course. Their accuracy will determine if the
bot will operate profitably or not for you.
WARNING: One incorrect setting in your bot and your money could
disappear faster than a politician’s promise.
If you don’t know what you are doing then the bot will never meet your expectations.
So RTBM (Read The B****** Manual) because, if you think about it, the bot can
only act on the information you give it.
I know…I know…We don’t like reading manuals and that’s why the video recorder
probably never works properly.
…And Downsides
All that now neatly leads us to looking at some other downsides of running a betting
bot.
(What’s that? You thought a bot is going to give you limitless cash cascading from
every orifice, without any hazards along the way? If yes, then change your tablets!
Life’s not like that…)
In case you missed it the first time: if you don’t configure and set up your bot
carefully and accurately, then it will steadily lose your money.
Power outages
Connection dropouts
Faulty computers
…and so on…
Any of those will, of course, prevent or stop the bot from working.
According to Sod’s Law, power or connection cuts usually happen right at the most
inconvenient point, that can result in taking a loss.
If you let them, most bots will easily calculate and place bets below the Betfair
minimum.
Why? Because the minute you contact them, the consultant will have your account
open on the screen with all your below-the-minimum-bets clearly listed. Then, look
out -- you’re no longer below their radar.
Types of Bots
Bots fall into either of two main groups:
Transactional Betting Bots allow users to place bets, generated by pre-set, user-
defined parameters, straight into the betting exchanges.
To do this, they use the betting exchanges’ Application Programming Interface (API).
Non-Transactional Betting Bots don’t normally use an API as their main job is to
gather, analyse and use information to calculate such things as
Trading Bots
Read-only, Non-Transactional Bots
Fully automated, Transactional Bots
Or part of a smaller, restricted sub-category for mobile phones
Trading Bots are used for Betfair price trading, especially during in-play when prices
are extremely volatile. It would be impossible to trade manually. The bot can trade for
you in micro-seconds. Once again – it will only be as good as the settings you specify.
Such bots are usually semi-automated so you can’t just set’n’forget, and come back
hours later to buy the new car.
You’ll need to keep an overall eye on the bot whilst it greens up for a risk-free profit,
responds to a stop-loss or target profit trigger, fills or kills a bet, displays advanced
graphs, moves up and down a ladder interface.
A couple of examples, Market Monitor and Bet Trader, are classed as full
Read-Only, Non-Transactional Bots collect and analyse Betfair data without ever
placing bets.
Some can pop up alerts or various market indicators. Others are basically calculators
to help you spot betting opportunities.
They can save and store betting history, price movements and other useful data for
subsequent retrieval and display to spot trends and plan future strategies.
pre-defined manually
or, according to a pre-defined formula
Such bots commonly carry out a nominated betting system, or bet according to a
particular staking plan. Two examples (of several) are The Grey Horse Bot and
BetBotPro.
Some tipping services provide a bot to download and bet on their selections for the
day.
Some Betfair, or web bots, run on a private server. They often offer a web interface so
you can access the bot from wherever and whenever you like on any PC with an
internet connection. Ideal for betting on holiday or when travelling.
Because it’s running on a private server, the bot can place your bets even when your
own PC is off. That is an excellent way to save on your ever-increasing electricity
bill, of course.
Betfair Bots For Mobiles have restricted features when compared with their desktop
cousins, but are useful when away from your computer.
Betting bots vary considerably in price and complexity. Some are free. Some are
relatively cheap. Some require you pay a monthly subscription.
Take advantage of trials to compare features. After all, it’s your money so why spend
more than you might need to?
Are you buying the bot outright? Or are you simply buying a monthly, renewable
subscription?
Does the bot offer a fully-functioning trial period? It should. Or does it offer a
‘crippled’ trial? Or, even worse, no trial at all?
You might decide to pass by if it offers no trial. What are they trying to hide? Poor
performance? Or is an indication of potentially poor customer service…or of
greed…or…
Buying a bot is a bit like buying underwear, where it’s definitely not a case of one
size fits all. You must find one that fits you.
That means carefully taking into account exactly what you want the bot to do. So time
spent planning your campaign won’t be wasted.
If it’s a relatively simple system -- as we saw in our earlier example about the
favourite -- then you won’t need a bot with multiple bells’n’whistles.
On the other hand, the more complicated your system/betting activities are then the
more-functions and settings your bot will need to offer.
Multi-Licence: For those who work full-time, it could be a good idea to look for a
bot with a licence to install on your other computer for no extra cost. These days
many folk have a portable PC as well, so they can use the on holiday or perhaps set it
running whilst at work.
Look for upgrade information. Are you eligible for free upgrades, or will you be
expected to pay for each upgrade? And if you are expected to pay then will that be the
full price? Or will you get a decent discount for being an existing customer?
Online support that responds to your queries promptly and efficiently is vital. So
test the quality of the support before you buy with a question or two.
Depending on your strategies and systems look for useful ‘extras’ such as:
Offering both back and laying options
Offering trading functions
Offering in-built staking plans
Offering a dutch-book staking option
Your intended bot should offer most, if not all of the following 5 very basic,
minimum features and functions:
2 A risk-free, test and/or simulation mode will help check if the bot will
actually do what you want it to do or not.
If there is no test mode then don’t buy it. There are other fish in the sea.
3 There must be provision for user-defined stop loss and profit triggers.
Running a bot without either of these is a recipe for disaster because the bot is free
to drain your account without any automatic restraints in place.
5 The bot should export records of bets (with other useful data) in an easily
read format such as text or spreadsheet format.
Formal approval for the bot to use Betfair’s API (Application Programming
Interface) is a bonus but is not strictly necessary.
Betsender’s Mike Smith very promptly emailed a very helpful clarification and
explanation about API approval, in response to a general query. (A prompt, helpful
reply to a potential customer is always a good sign of a vendor interested in providing
a good service.)
He wrote:
Also you can make two times more data requests without being charged, but it
is really needed only for trading software like BetAngel where more requests
means better speed.
For our purpose speed is not significant and we need only 2-3 data requests
per second. From other sides it does not impact on functionality.”
Betfair’s API
All Betfair bots use either Betfair API (free or commercial) or screen scraping.
Many Betfair bots use commercial API. It’s subscription based, and the vendor has to
pay monthly subscription fee £200-£250. Bear in mind that cost is, of course, taken
into account in the bot’s purchase price.
Commercial API allows virtually unlimited number of requests per second. But
naturally, too many requests according to Betfair’s terms will incur transaction and
data charges. No such thing as a free lunch.
If you’re unsure about the status of the bot’s API then contact the vendor.
Always read the fine print. (Yes, it’s fine because ‘they’ don’t ever want you to read
it!)
Now we’ll move on to an overview of some of the leading betting bots on the market.
We have provided you with detailed information about each one, which will save the
masses of time and help you to compare the features and functionality of each bot all
in one place making it much easier.
There are also lots of free trials available and some exclusive betting books,
including a very profitable lay system to download (Refer to page 38 for more
details)
The bot makes possible to select races and runners you want to bet on in two clicks.
After you have set up your staking plan and selections the bot will handle all stakes
calculations and betting.
Included in Betsender’s 19 backing and 19 laying staking plans are the following:
A BIG PLUS: One license is valid for TWO computers. You could install the
bot at home, and at work or on your holiday computer.
A BIG PLUS: All future updates for the software are included in the
purchase price
This fully automatic betting bot works on all Betfair and Betdaq markets
It offers 19 backing and 19 laying staking plans
Its automatic markets and selections search across all sports events
You can load multiple UK, AUS, US races, greyhounds and other markets
Offers conditional betting, according to the number of horses, minimum and
maximum odds
Imports selections from Excel (.csv) files
Advanced betting criteria based on the first six favourites’ odds
Betting on unnamed favourites (1-6 Favs)
The bot can have multiple betting profiles
Advanced test feature that allows to run the staking plans against yours or
random bets
Takes into account your rate of commission (Betfair and Betdaq)
Ability to run multiple instances of the software on the same computer
Scheduled actions. Restart your staking plan or shutdown your computer when
your target profit is reached or after last race.
Betting statistics for all staking plans
It offers fast access to UK horse racing markets
Integrated with top tipsters from the Racing-Index
Allows to bet less than the minimum Betfair stake, as small as one penny, but
not available for the Betdaq version (Remember our earlier warning, though!)
Easy-to-use user interface, connecting you directly to Betfair or Betdaq
Run virtually UNLIMITED number of instances with ANY number of
Betfair/Betdaq accounts!
Reading about all the features Betsender has to offer will help to give you a clear
overview of this fantastic software. However, in order to make an informed decision
on whether this betting bot is right for you…Try the generous 7-day free trial that’s
available.
That’s a very sensible trial period because it gives you long enough to make a
carefully considered buying decision.
To see more screenshots, simply visit the LayBotPro website here. Scroll down to the
first testimonial and click on the red text which says…More Screenshots.
But if you want to continue having access to updates or enhancements then a support
subscription can be taken out for a further 6 months for £20.
Additional options are also available to ensure lifetime updates, licenses for two PCs
are as well as a bundle for Betfair and Betdaq versions.
Not sure?
Try the 2 DAY Free trial of a Full working version of BetBotPro within the next 48
hours and we will give you 3 fantastic bonus E-books worth (£40)
These exclusive betting books are NOT available anywhere else and packed with practical
recommendations to help you win money. (Refer to page 38) for more details of this limited
time offer.
Even if you decide the software is not you. These exclusive bonuses are yours to keep
completely free of charge!
Either choice gives part time traders flexibility to use the very fast Turbo Mode
especially suited to fast, volatile markets (rather then the slower Standard Mode))
whenever it suits.
The recently added Sports Mode is designed specifically for non horse racing
markets.
You can trade efficiently across a set of markets on the one screen with live updates.
NB: The free Standard Mode lets you trade using the ladder grid and all the
bet placement tools.
In this mode, Market Prices update once every five seconds, which is suitable
for betting and laying most markets and for trading on slower moving games.
One notable feature highlight is that BetTrader Evolution is the first mainstream
Betfair API Solution which allows you to trade on Betfair in training mode.
This means that you can learn to trade on Betfair or test out a new system without any
risk.
By dipping into the very comprehensive and well set out User Guide you will gain an
overview of the program’s many other powerful features
Evolution Overview
Evolution Free Mode — What you can and can’t do in the Free Mode
Evolution Paid Mode — The incredible speed of Evolution Paid Mode
Free versus Paid Mode Video Comparison
BetTrader Evolution 3 — Training Mode
Concepts
Tools
As a sort of ‘continuous trial’ BetTrader offers a free to use, Standard Mode 365 days
a year, for trading with the ladder grid.
Upgrading to Turbo Mode or buying day access is built into BetTrader Evo.
Download BetTrader FREE Use it for a full 7-Days and we will give you 3 fantastic
bonus betting books worth (£40)
These profitable betting books are NOT available anywhere else and packed with practical
recommendations to help you win money. (Refer to page 38) for more details of this limited
time offer.
Even if you decide the software is not you. These exclusive bonuses are yours to keep
completely free of charge!
You simply pay once for a licence for either of the Bf Bot Manager versions.
Version 2 payment depends on the number of licences you are buying, and the manner
of payment.
NB: At the time of writing this overview, payment in Euros via Skrill’s Moneybookers
earns a 20% discount.
Bf Bot Manager allows you to load the bot of your choice into its management
structure, and then start betting on any preferred market, such as horses, greyhounds,
soccer, rugby, tennis, darts...and so on.
You can load one of several bots available to bet or trade by pre defined rules, or you
can load Ladder Control and start betting by yourself.
And also:
Bet on any market on both UK and Australian Betfair exchanges
Lay multiple selections in the same races
Lay multiple selections in different markets
Specify back and lay overrounds
Play the place markets
Test strategies in simulation mode
All updates for Bf Bot Manager V2 are free for life
Unlimited email support
Manuals for each bot
Access to private members section of forum
Any of the bots can be modified by request
As an aside, the seller can create new custom bot for you for a fee. Details are on the
site.
A 3-day trial is available. You simply request a Trial Licence Key from this page.
According to site information, subscribers are apparently entitled to, and will receive,
regular updates to the Grey Horse Bot or manual.
As one of the first bots in 2006 GHB has evolved into a very feature-rich and
advanced, automated betting bot for Betfair and Betdaq.
This is definitely not a package for beginners. There are cheaper options such as:
LayBotPro and Betsender which both have plenty of features to get your feet
comfortably wet whilst you gain knowledge and experience.
But it’s ideal for experienced and professional users who want a wide range of
betting options and tweaks, and are happy to pay for them.
Presented as “High Performance Visual Trading Software” this product is from the
prolific Mark Baker -- the brains behind LayBotPro and BetBotPro.
The site claims that Market Monitor All Sports Pro is a revolutionary new Betfair API
Software Application that gives you the power
to use Killer In-Play Trading Strategies
trade out of existing bets
place bets before the start
bet on all Betfair Markets
…and much more…
A free trial is available. To test this program at no cost, simply visit the market
monitor website and click on free trial link.
Here’s just a small taste of what you’ll get when you take the free trial…
Watch us TRADE LIVE on Betfair and show you how you can profit with
Market Monitor All Sports Pro Software!
See why this could be THE MOST POWERFUL IN-PLAY SOFTWARE
ever available!
How to use Market Monitor on ALL Betfair In-Play Markets such as Horse
Racing, Tennis, Football, Cricket, Formula 1 etc.
How YOU can quickly and easily become an In-Play Expert and Master
Betfair once and for all
The Runner’s bar lengthens to the right as its Market Price drops. It shortens as the
Runner’s price rises.
The Graph is clickable, with one Mouse Button submitting Back Bets, and the other
submitting Lays (You select which Mouse Button is ‘Back’ and which is ‘Lay’).
The Scheduled Horse Racing Mode, the Defaults Tab looks like this:
Take Free trial of Marketmonitor within the next 48 hours and we will give you 3
fantastic bonus E-books worth (£40)
These exclusive betting books are NOT available anywhere else and packed with practical
recommendations to help you win money. (Refer to page 38) for more details of this limited
time offer.
Even if you decide the software is not you. These exclusive bonuses are yours to keep
completely free of charge!
Advanced Version: [One-Off Fee: £29.99] Unlimited bets. Bet size limited to 2 units.
Pro Version: [One-Off Fee: £59.99] Unlimited bets and stake size.
The Staking Macine (TSM) is an advanced system analysis and bet tracking tool.
With it, you track your betting systems and selection methods, to see which staking
plan of the 39 available would be the most suitable and most profitable.
The latest version of The Staking Machine now ties in directly with the low-cost
Betting Assistant trading application from Gruss Software.
This enables you to automatically back or lay your selections according to any of the
supported staking plans in TSM.
A BIG PLUS - Purchase entitles you to 2 licenses of TSM so that you could
run TSM on a PC and a Laptop.
Support - Within TSM there is a detailed, richly-illustrated Help File. If you
get stuck there is online individual support through the site contact form. A
forum covers many topics.
Staking Plans - In total there are currently 39 staking plans:
22 Back Staking
15 Lay Staking Plans
2 Each Way Staking Plans.
Data Entry - There are 4 ways to enter data into TSM:
Graphical analysis:
Download the trial version of the Staking Machine to see firsthand how powerful this
software is. Please bear in mind the trial version is restricted to using a maximum of 10 bets
at any one time. To put more than 10 bets into the software at any one time you need to
purchase the software, having said that you can use the random data generator to load up
to 4000 bets.
Bonus 2: Cash From The Sand Laying System this micro-niche All Weather Racing
laying system is...
Easy to follow,
Completely FREE!
Highly profitable,
Low risk
makes a level stakes profit which can be improved upon significantly using the included
percentage staking plan , which increases profits whilst keeping risk manageable.
Bonus: 3 National Hunt Primer (PDF) Is a complete guide to National Hunt racing
Entire National Hunt racing code explained, from Hurdles to Chases. Contrary to
popular belief they aren’t all the same.
Complete N/H course guide. Not all courses are the same, some are far easier to
negotiate than others. Learn how to profit from profiling a horses course preferences.
N/H long term statistics analysed To help you make informed decisions about which
races to lay in and which to back in.
Step 1: Take a free trial to any of the betting bots, or subscribe to any of the software
services.
Even if you decide a particular bots or service is not for you after the trial period. All the
exclusive bonuses above are yours to keep, no questions asked. Please note: The bonuses
(worth £40) above, are only available to customers who take a free Trial, or subscribe to a
service from one of the links in this book!
FREE weekly betting tips, statistics and trends. Providing you with profitable
angles for the televised races on CH 4 each Saturday. This also includes
strategic bet placement advice.
To get your hands on all these essential betting tools and tutorials visit the false-
favourites blog NOW!