Advice

A Versatile Automated Betting Bot

You may remember that we ran a feature a short while ago to find out which were your favoured system testing websites and the two leaders by a long way were The Betting School and Betting System Truths. Following your requests I got in touch with Darren Power and James Fitzmaurice and both have kindly agreed to provide the Race Advisor with a monthly article for you to enjoy.

The Betting School who won the competition by a single vote have provided the first article and I look forward to reading your comments.

Guest post written by Marc Chawner and provided by The Betting School

This month I made a piece of software in the form of a spreadsheet that will place trades on horses that you pre-select and subsequently will attempt to take some profit once the race has gone in-play.

I have tried to make the software as flexible as possible so that you can decide the parameters that make the decisions on when and how much profit to take in-play.

The spreadsheet works in conjunction with the Betfair betting exchange and the excellent betting assistant platform which can be downloaded for a 30 day free trial at: http://www.gruss-software.co.uk. The other pre-requisite is that you have Microsoft Excel.

As mentioned above, the software comes in the form of an Excel spreadsheet which can be downloaded at The Betting School, here you will also find detailed instructions on how to get the spreadsheet system up and running smoothly.

A brief summary of what can be achieved with this automated system is as follows:

A list of the horses for a particular race will be presented to you. At any time prior to the start of the race the user can flag up which horse(s) they want to trade on. The BACKING stake is populated into a box. Then the user can specify how they want to trade the horse once the race goes in-play. There are two key parameters that the automated system needs to know about.

Firstly, the odds at which you want to take your profit at. This can be represented as a percentage of the initial BACK odds or the user can specify an exact odds value.

Secondly, the amount of money that you want to trade at the above mentioned odds. This can either be the same amount as your backing stake i.e. this will give rise to a “Free Bet” when matched or, alternatively, the automated system will automatically calculate the correct monetary value which would give rise to an equal profit regardless to whether the horse wins or loses. I.E. if this LAY trade gets matched in-play, it would effectively be “Greening Up” the position of the user.

Staking amounts below the minimum stake of £2 can be used, so the system can initially be used without too much exposure to your betting account.

The Betting School provide a monthly report that is delivered to your door. This leading report has been edited by Darren Power and contributed to by some of the leading betting writers online. They have an active community that is involved in helping you find winning systems and strategies. Teaching how to analyse your chosen sport, create systems and build strategies is also covered.

Michael Wilding

Michael started the Race Advisor in 2009 to help bettors become long-term profitable. After writing hundreds of articles I started to build software that contained my personal ratings. The Race Advisor has more factors for UK horse racing than any other site, and we pride ourselves on creating tools and strategies that are unique, and allow you to make a long-term profit without the need for tipsters. You can also check out my personal blog or my personal Instagram account.

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