Betting Bots

Another month on, now three months into this, more or less, and there’s not a great deal to report again. It is making a profit, slowly, but I suspect Betfair will make more out of this than I will.

They made a slight change earlier in the month and decided to exclude Saturdays, as it was showing big losses on these days, so I hope this exclusion will make a difference over time.

The bank did reach a new high of £648.26 and I’m now showing a total profit of £199.39, although for three months of betting every day this is hardly ground breaking.

Still, it requires no effort on my part, running quietly on  my VPS, and I guess if it only made £500 in a year it would be worth it.

Original Bank: £403.12
Bank High: £648.46
Current Bank: £602.51
Stake: £8.65

Profit: £199.39

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

Nothing much to report on this bot unfortunately. It took my £400 bank up to £580 at one point but has given that back again and my bank is currently showing a £7 loss. It runs well enough but just isn’t making a profit at the moment.

I’ll do another update at the end of September.

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

Time for an update on my experience with the KIP betting bot.

Just to remind you what this bot does:

- It runs 34 individual micro systems, each finding a few, targeted qualifiers.

- it is 100% auto

- It makes the selections and places the bets (selections are not loaded from some tipster on a server, the systems are within the software and it works them out each day)

- It can be left running for days and weeks

- New Release – the option for level stakes as well as the staking plans

- The systems were all created 3 years ago and were forward tested live for 18 months before the bot development was started

- The bot has been running live since November and has averaged over 40 points per month and has been consistently (Currently averaging 44)

So how have I got on with it?

I started at the beginning of June, on the recommended staking plan, betting at £1 a bet. This is Lay betting so I won 95p on a winning bet, after commission.

There is an optional progressive staking plan included whereby stakes are increased to recover losses but rather than straight on the next bet, the bets are automatically spread over 8 cycles, the idea I’m guessing is that a run of losses is split up rather than mounting up. Of course this doesn’t guarantee stakes don’t increase as you might get unlucky with the losing bets hitting the same cycle.

Personally I hate progressive staking with Lay betting as it only takes two or three losing bets to set you back weeks, if not months, of profit.

So I ran with only £1 stakes on a progression of two bets but had losing bets of £16 and even £49 on one day, which obviously means over 50 bets to win that back.

Fortunately most of the time I had winners and long lists of £1 wins and by 7th July had won £23.93

On the 8th July I decided to knock the progressive staking on the head and try out just level staking. The bot seems to have a really high strike rate so I don’t see the need to go for recovery betting anyway.

Between 8th July and 26th July I bet at £5 level stakes (lay stakes) and made £95.52 profit. The losing bets were generally around £10 and £20, a couple at £30-£40 which is to be expected. Mostly I won.

So with increased confidence I increased my stake to £10 level stakes and between 26th July and 24th August, the bot made me a profit of £386.50.

And I was away on holiday for nearly three weeks with very limited internet access so I couldn’t even check the bot which I had running on my virtual server. So that was nice to come home to.

A couple of days ago I upped my stake to £20 level stakes. I checked today and saw it had placed no bets and was just showing the ‘keep alive’ message. Clearly a bug when I changed the stake so I restarted it today and it’s placed another couple of bets making me another £38 so far.

So all in all, in two months, the KIP bot has made me a net profit of £540.92.

I’m going to continue to run it at £20 level stakes for now until the next update.

The bot is one of the best I’ve used. It requires no input from the user (although you have plenty of options to chose from) and you really can leave it running 24/7 to make money for you.

I have no hesitation in giving this bot an Approved rating and will continue to update on my progress with it over the next few months.

You can download the KIP betting bot here:

http://www.cash-master.com/KIP.php

Update 25th November 2011

It’s been a bad month for the KIP bot, on my settings anyway.

I started with a betting bank of £1200 in July playing with £1 stakes but quickly moved to £5 stakes (level staking). I increased this to £10 stakes in August, and then £20 stakes in September, making steady profits all the time. By October my £1200 bank had increased to £2400, which is exactly £1200 profit on a bot that did everything automatically.

I increased my stakes again to £25 and then it went downhill. The last few weeks the bot has given back all my winnings, plus £500 of my original bank, which now stands at £715.

This is quite a shocking down turn. On a personal level, I’m only really £500 out of pocket because my starting bank was £1200. But had I started using the bot a month ago, the actual loss is £1685 with £25 level stakes, or 67 points.

I’m not sure what size bank is recommended for this but even using a 100 point bank, that’s a big hit to take in a month.

Let’s see how it pans out for the rest of the year.

I’m going to move this bot to the Neutral section for now and do another update next month.

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

A poor start to this service with three winning days but five losing days taking my £400 bank down to £268.77.

We are assured by the team that this is normal and it’s just been a bad week. We shall see…

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

Certainly an encouraging start for the Magic Racing Bot. Three winning bets yesterday and the others were outside the odds range (we only bet if less than 5.0). The staking plan increased the stakes as expected after each winner and so I made a profit of £31.35 and have increased my initial bank by 10% in just two days.

Original Bank: £403.12
New Bank: £443.47
Stake: £5.91

Profit: £40.36

This is only on sale until tomorrow and comes with a 30 day money back guarantee so I’m of the opinion that if this interests you, you should try it out under their guarantee and see if it’s for you.

Watch the video on the site too as it explains a lot.

You can try The Magic Racing Bot risk free here:

http://www.cash-master.com/magicracingbot.php

UPDATE: I just noticed a mistake I made yesterday too. I upgraded my bot and when you do an upgrade the stakes are reset to default values. I remembered to change my stake to the correct value but I forgot I was on 3 points by then after the previous days winnings, so yesterday, had I remembered to set it to 3 points, I would have made £47 profit instead of  £31!

Lesson learned.

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

I got the new, fully working, Magic Racing Bot yesterday and I’m running it live one of my Betfair accounts with just over £400 in it (£403.12 to be precise).

The recommended betting bank in the new manual is 75 points so I set the bot to stake £5.37.

It doesn’t say whether you are supposed to re-calculate the stake at the start of each day, thus compounding your winnings, or whether to just leave it at this stake all along. I assume since they publish the results as a ‘points profit’ they leave it the same. This is certainly the easiest option as once it’s turned on, it requires no further input from the user, especially if you are running it 24/7 on a VPS as I am.

However, if a 75 point bank is sufficient I see no reason not to re-calculate the base stake each day based on the current bank level, on a ratchet plan whereby it only ever increases based on a bank high, and stays the same if the bank is reduced on any given day. The same as I’m doing with the Full Time Betting Income. Over time, given that the system is profitable, this would dramatically increase the earnings from this bot.

So I’ll be doing that for this test, at least when I’m available to increase it. Of course, if I’m away on holidays etc, the bot can just be left to run on it’s own without increasing the base stake and hopefully this should still make a nice amount of profit anyway.

The first day went well with a couple of losing bets initially then three winners making a net profit of £9.01.

Original Bank: £403.12
New Bank: £412.13
Stake: £5.50

Profit: £9.01

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