Monday, July 13, 2009

Ok today I decided to try the setting whereby it ignores the next race if the previous race hasn’t been settled, but it uses the ‘inferred winner’ so that it doesn’t have to wait until Betfair updates your account. What it does is monitor the live prices in-running and then takes the horse whose price goes down to 1.01, as this is usually the horse that has gone on to win. I tried this before at the beginning of the test but it didn’t seem to work. However, this probably got all messed up because one of the meetings was running half an hour late, if I remember rightly.

Also, one other reader is running these current settings, without the ‘don’t bet’ rule so we should be able to see if this setting works with this method. Hopefully, what this will mean is that the scenario that I’ve had a few times of the bot putting on a bet that lost but also stopping because it had already hit the profit target will be avoided.

With todays races, the races were 15 minutes apart anyway so I thought it wouldn’t have made any difference as Betfair would have settled the accounts in time. The problem with the ‘don’t bet until previous race has finished’ function is that if anything goes wrong in a race, like it’s running late or abandoned, then it will sit there waiting for instructions. So today, I had a winner, then a loser, then a winner, then a loser, then another loser so I was £215 down by 2.45. Not a problem if the bot had bet on the rest and they were winners, and this could have been the case had the next race it bet on, the 3.30 at Ayr, not have been abandoned. So the bot has been sitting there all afternoon waiting for the 3.30 at Ayr to either go in running or settle up. Since neither happened it didn’t bet for the rest of the day ruining any chance of recovering the loss at the beginning of the day.

This is the second time I’ve tried the ‘inferred winner’ no bet function and on both occassions I’ve ended up losing out. Of course, how often do meetings get abandoned in the middle of summer? The heavy rain at Ayr caused a seven horse pile up and thankfully no man or beast was seriously hurt although one jockey, Joe Fanning, broke his collarbone.

Needless to say, I shall be going back to normal settings tomorrow.

Day 18

Daily Profit:-£215
Total Profit: £313

Filed under Betting Bots,Horse Racing Systems,Laying by Graham