July 10, 2012

MR2 Bot

I have some very good news for anyone that has been following my progress on the Grey Horse Bot MR2 selections.

First of all an update.

To date this bot has made me an overall profit of £4,650.55 from a starting bank of £500 just over two months ago. This figure would have been well over £5000 by now but I decided to experiment with using it on weekends and managed to lose around £600 over the last three weekends (and Malcolm at GHB did warn me that weekends were not worth doing!).

Also, I used my own money management skills and set the bot to initially stake 2% of bank, and I manually reduced this to 1% and 0.5% as the bank grew.

What’s obvious is that these selections have done extremely well, and if I had been betting to level stakes, it’s made over 400 points profit in that time. So even betting at £10 level stakes, it would have made a profit of over £4000 in two months.

I’ve seen nothing quite like it before.

Well, the MR2 selections were given as a limited time bonus to GHB subscribers and anyone that has been using them has done very well indeed.

Now Malcolm has released a dedicated bot that just bets on these selections, but not only that, it’s been programmed to work even better than before. Not only can you bet on the win market, you can also bet on the place market at a certain price range and this has proven to be very profitable too.

Based on the two months I have already been testing this system I have no hesitation in giving it a big thumbs up. The bot is incredibly simple to download and set up and it can be used on a VPS, switched on and left indefinitely to make money for you.

I will be running the new bot from today.

For consistency, and to allow readers to compare results, I will switch to using level stakes with this new bot, starting at £10 in the win market and £10 in the place market and I’ll do regular updates as I go along.

You can get the new MR2 bot here:


UPDATE January 2013

The team behind this bot have been working tirelessly on finding the best settings to use for maximum profit.

You can find constantly updated results and settings spreadsheets here:





Filed under Backing,Betting Bots,Horse Racing Systems by CashMaster



Dai July 10, 2012 at 12:40 pm

How has the bot faired over the last couple of weeks during the miserable weather? Have the selections held up their impresive record?

Graham July 10, 2012 at 1:03 pm

It’s continued to do well. As I said, I lost a bit on the weekends so I’ve drawn about even, but if I hadn’t bet on the weekends I’d be a good few hundred quid better off.

Jabber July 11, 2012 at 5:12 pm

Looks like a new price is out for the mr2bot. Dont know if the investment is worth it. :}

Graham July 11, 2012 at 7:54 pm

I guess you need to compare it to other services on the market. A GOOD service will bring in around 50 points profit a year, and anything over that is excellent. You would expect to pay around £250-£500 a year for something like that. MR2 made over 400 points in 2 months. Judge for yourself whether you think it’s worth it. It seems a no brainer to me.

ray July 11, 2012 at 9:23 pm

I`ve just bought it and you can pay it off over 4 months. If you like you can paper trade it initially but make sure you paper trade with your intended live bank to get an idea of your tolerance for risk !!

graham July 12, 2012 at 3:52 pm

whats the longest losing run so far

Graham July 12, 2012 at 3:56 pm

I’m not sure, I think it’s about 30 points or so. It’s best to check with Malcolm.

graham July 12, 2012 at 4:46 pm

Cheers Graham,so you need abank of at least 100 pts then,thank you for the reply

Graham July 12, 2012 at 5:44 pm

Oh yes, I wouldn’t recommend any less than that unless you are doing percent of bank staking.

johnny July 13, 2012 at 7:02 am

Hi all,
Could anyone recommend a good VPS to use please? Gonna give this a go 🙂

Graham July 13, 2012 at 10:03 am

This one will do the job and is very good value, especially on the annual subscription: http://www.cash-master.com/VPS.php

johnny July 13, 2012 at 10:45 am

Thanks Graham 🙂

Dave July 13, 2012 at 3:54 pm

So far 21 pts down after three days with the place another 7 pts down. Not impressed in the slightest.

tom July 13, 2012 at 11:05 pm

well the MR2 selections finely crashed and burned this week with in my case a loss of 41 points = £410 at £10 level stakes so thats most of my profit gone that I made from this system when I started just over a month ago and it was all going so well.

peter July 14, 2012 at 11:26 am

Please excuse my ignorance. I was keen to give this a go also but did not know what a VPS was and more to the point, did I need one in order to make this system work? I was hoping (perhaps naively) to let this bot run on my laptop. Will that still do the job?

Graham July 15, 2012 at 12:16 pm

Yes, it runs on any computer (Windows). A VPS is just for people that don’t want to leave their computer on but you don’t need it.

gizzard July 15, 2012 at 9:27 am

How have the MR2 results been since another 250 people bought the system?

Michael July 15, 2012 at 12:18 pm

After Graham reviewed MR2 for the first time, I decided to give it a go. I used £38 that was sitting on a “spare” Betfair account doing nothing. In a few days the balance was up to nearly £200, then it came all the way back to £70. Seeing what it could do, next time it had a good run I took advantage and withdrew a third of the profits from each profitable day, whether the bank was in new territory or languishing below £100. With hindsight I could have managed my money much better, but so far I’ve taken out over 150% of the starting bank and still have over 150% in the account and that’s after a long losing run.

This is not a bot that can be evaluated over just a week or two, or even over a month. There will be long losing runs, but just a few good wins in one day (which has happened several times) can recover all the losses and comfortably put it back into profit. I’m very happy with it, but I’m using money that I could have set light to. I wouldn’t be comfortable using using fixed stakes, but – as recommended – I am staking to a percentage of the bank.

This is one that will stay in my portfolio

Graham July 15, 2012 at 12:21 pm

When I first started testing MR2 nearly three months ago, it went over 40 points into the red before reversing and going into massive profits. Last week didn’t do very well, losing about 7 points on Monday (I think) and from Tuesday I’m -£160 on the main bot and -£29 on the Place bot at £10 stakes. Let’s hope next week is better.

ray July 17, 2012 at 9:05 pm

I`ve had it a week and a half and I`m down 39 points. The bot didn`t restart when Betfair went down yesterday so I don`t know how the day went. However this sort of run seems to have occurred before, I don`t know how an extra 200 users will affect it. Malcolm`s support is excellent, I will keep this as I am paying it off anyway and will go outside of the 30 day money back window.I live in NZ and let it run at night, I`m not going to bother with a Vps yet.There are plenty of options with it and if you like you can paper trade to compare different staking plans.

Dave July 18, 2012 at 2:41 pm

I manually restarted after Betfair’s regular crash, but missed the afternoon racing. The win bot lost another three points in the evening and I think it’s currently about 34 points down after six days. On the plus side, the place bot has picked up and is somewhere round break even. I hadn’t realised the bots would lose all results on a restart so I’m not 100% certain of the actual current losses.

Graham July 18, 2012 at 6:05 pm

Annoyingly, I have also lost track of my current profit/loss since using these new bots as I run numerous bots on this particular Betfair account and also lost the session balance when I’ve restarted the bots. But I agree, the place betting appears to be around the even mark.

Dave July 19, 2012 at 7:53 pm

I make it about 50 pts down now, though the place is holding it’s own and maybe making a tiny profit. Is this the worst run since this method started?

Graham July 20, 2012 at 8:43 am

Yes I think it is. I’ve been expecting a downturn for a while but it needs to start finding some winners now.

Craig July 20, 2012 at 3:40 pm

Looks like a got out of it in time I made a good profit when it was a bonus but then when they said 90 a month after two months testing I thought I leave it. Hope it turns round 4 you all , it may be a good time to join as surely it will hit a good run again:)

ray July 20, 2012 at 8:30 pm

Down 70 points after 9 days…I will am keenly awaiting the weekly review from Malcolm..

Dave July 23, 2012 at 2:41 pm

I haven’t had a bet on the win bot since Thursday, though I’ve had a few, mostly losing, on the place. Is that the same for everyone else?

Dave July 23, 2012 at 5:21 pm

Further to the above, I closed down and re-started and there were races waiting, so presumably I’ve missed races today and Friday. That’s another black mark against this service that the bot is unreliable to run on a VPS, despite the Place bot working.

Dave July 27, 2012 at 3:58 pm

It’s really not showing many signs of improving, is it? I think I’m currently about 60 points down since 16th of the month and winners are few and far between. The Place bot is more or less holding it’s own, but not profitable either. I’m hoping this is just the dip that people keep talking about and it’ll suddenly turn around, but I’ve been stung so many times in the past by “miracle systems” that I won’t hold my breath.

Graham July 27, 2012 at 5:18 pm

My place bot is is currently £55 up at £10 stakes but the back bot is down to -£275 again. Be interesting to see how it goes though. If it gets to £500 down then I’ll shelve it I think and be happy with what I got while I could. The lay bot looks good too though. I switched to £50 liabilities yesterday and that’s £90 up so far. Mind you, you only need a couple of losers to wipe that out.

John July 28, 2012 at 12:39 am

Nice to see some fellow sufferers, it has been one way pretty much since I started too, I remember that Magic Bot from Oz had made 522pts in the previous year so they said but was useless when I bought it and I gave it a good amount of betting bank to come good!
That makes this MR2 tricky because I am inclined to bin it and take the refund rather than losing more money on something that may not ever make a long term profit.

Graham July 29, 2012 at 3:58 pm

My backing bot is down £345 now, but again, that’s only 34.5 points and it’s come back from that already in the last couple of weeks. It does need to swing back into profit soon. On the plus side the place and lay bots are both doing well.

Dave July 29, 2012 at 7:48 pm

Think I’m in the region of 60-70 points down after about ten days bets. Luckily I chose to only bet £1 stakes, which still leaves me a fairly hefty chunk down. I’m not quite at the stage of requesting a refund and writing the mounting losses off, but it’s going to be a real option unless it shows at least some signs of actually working. Just think how well we’d have been doing if we’d layed these selections!

Dave July 30, 2012 at 8:24 pm

A better day today and the first day to end in profit for me, I think, with the win bot. The place bot is doing OK and the lay bot is 100% so far, but that’s in test mode after the problems with the other two making any money!

Mark July 31, 2012 at 7:26 pm

Wow, how did you manage to profit with mr2 ?? Because I made a small loss with mr2 selections yesterday and today looks even more worse. Doesn’t have any winners today, well there is still four races left :-), but not waiting too much for those.

I had 410 Euros when starting this month and now there is only 129 € left anymore of my bank. Not very promising.


Graham August 1, 2012 at 11:16 am

Hi Mark,

I presume if you started with a €410 bank you are betting at no more than €4 level stakes although €2 would be better?

Mark August 1, 2012 at 5:08 pm

Hi Graham,

actually my stakes are 1% of bank and has been all the time. Today there has been only one winner (Diamond Belle) at Redcar 14:50 (odds 10.00).

But still losing, at the moment 18:05 already -7.41 € down. Maybe our luck will change soon or I’m losing my bank quite soon…… we will see.


Graham August 2, 2012 at 8:48 am

As of this morning, 2nd August, my back bot is at -£335, place bot +£86.69, and lay bot +£217.61.

Dave August 3, 2012 at 4:22 pm

Since I went from Test to Live, I haven’t had any bets with the Lay bot (the last three days now). Is there a problem or have there been no lay bets?

Pete August 3, 2012 at 4:52 pm

Came home to find the bot had crashed & no bets placed today, no doubt ive missed the winners (if there were any!!)
£500 bank started with £2 stakes, switched to £1 stakes at the start of this week, currently at £398 so approx 50 pts down. Got till the 11th to decide on refund but not sure where i stand having paid for the year. All on win bot only !!

graham August 5, 2012 at 12:36 pm

i am having a lot of trouble with lay bot not working,i wrote and tim was very courteous and i have taken it off and downloaded it again three times but still seem to have trouble ,back and place work fine,apart from losing me quite a lot since i bought it,win that is .place is a few points up

Vincent August 20, 2012 at 7:32 pm

Graham, Dave,

I had the same problem with the Lay bot. The thing you need to do is to reset the stake options every time you start the lay bot. I reopen the options and set again 5.3 – 7.6 for the odds. Then I leave it running all week on my VPS. It works well. Hope this helps!!

Dave August 7, 2012 at 3:47 pm

Still no lay selections. Is anyone getting any selections at all?

Ray August 11, 2012 at 6:00 am

My Lay Bot is working and takes a surprising number of bets each day..It`s profitable too. The winbot is a work in progress, I have only been paper trading this which was a good move as I destroyed a $500 bank on the main strategy in 2 weeks.There`s already another strategy up on the members site which I am paper trading as well. Interesting though is the way you can play with the spreadsheets and backtest using different stakes..I have 3 winbots running at present .
The low risk strategy for example looks pretty good with increased stakes ( 5 % ).
Try entering different stakes into the spreadsheets and look at the results.As long as the lay bot keeps ticking along I`ll keep experimenting with the win bots. I think this will work out over time, Malcolm has a good reputation. If your idea is to stick with it long term, why not paper trade for a time and experiment. Although it`s a rough start, I`ve taken bigger hidings in the past from cowboy systems and I don`t think this qualifies as one of those. Time will tell of course.

Dave August 10, 2012 at 3:03 pm

I’ve got to say that I’m less than impressed with these products and the company. They’ve tinkered with the settings and produced new “safer” ones, which is the hallmark of a dodgy firm and an even dodgier product and it’s still losing consistently. Not only that, now that I’ve got the lay bot working, it’s treading water while the place bot is just about holding it’s own, though making a little progress.

Graham August 11, 2012 at 7:01 am

Except of course the inconvenient fact that the bot is enormously in profit overall. Still, we don’t want simple things like facts to skew our judgement do we?

Dave August 11, 2012 at 12:49 pm

The problem is that it’s not in profit for those who bought it a month ago and those are the only figures we can go by with any confidence, so it’s not a fact for us, whereas my bank is 100 pts down and that’s there in black and white for me. I’ll be more than happy to eat humble pie if it starts producing the goods and I’ll happily say so here, but, until that happens, I’ll remain sceptical.

Graham August 11, 2012 at 4:38 pm

That’s true enough but I’ve said more than once when I was testing it myself that with so many winners at these sort of odds, I fully expect a correction at some point, so I’m not surprised at all we have had a bad month. I was expecting it to happen sooner to be honest.

Pete August 13, 2012 at 6:07 pm

6pts down on the win bot & no bets atall on the laybot today. Just passed the month threshold now so gotta see it thru but being 130pts down will take a fair bit to recover.

Reminds me of when myself and a good friend started PuntersProfits (tested here by Graham)….We had 6 mnths of solid testing then went live, low and behold it took a downslide. Subscribers left and it turned around again quite quickly…..I really must dig out the method again 🙂

Dave August 14, 2012 at 3:52 pm

The lay bot doesn’t seem to be going anywhere and I’ve put it back into test in case there’s any improvement. It’s about a point down after a week and currently just seems to be hovering around slight loss or slight profit. Since I changed to the new medium risk settings, there have been 25 losing bets and no winners. The place bets, though, are about ten points up after a month.

Craig August 16, 2012 at 1:29 pm

During testing the weather was all over the place and ground conditions suited outsiders and the bot made big profit 🙂 now the weather has got back on track and the ground is more predictable the outsiders are not coming in so much. I am not saying this is the reason for the bot losing run, I was waiting for a losing run but hit 40/1 winner and thought I jump ship 🙂 if the bot gets back to winning ways you will make a lot but this is gambling and that carries a big risk:).

Graham August 18, 2012 at 11:03 am

I was thinking much the same thing. It had an amazing run but during two months of solid rain which would certainly have helped the outsiders.

Pete August 17, 2012 at 5:11 pm

Less & less impressed everyday now. Switched to the low risk setting & havent seen a winner since. Laybot adding to the losses too 🙁

Having paid for the year and past the first month it looks like im stuck with something of nothing!!

Graham August 18, 2012 at 11:04 am

I’ve switched to paper trading on the back and lay bots and am only live trading the place bot at the moment.

Dave August 19, 2012 at 9:39 pm

Snap. The back bot has just totally collapsed and there’s not been a winner for 30 or 40 selections, maybe more. I downloaded the spreadsheet and I note they’ve been playing with more price ranges so I expect that will get a mention in the next e-mail summary.

tom August 19, 2012 at 11:09 am

so if this system is solely dependent on bad weather then it may do well during the winter months

Graham August 20, 2012 at 7:38 am

Well, that’s a big if. We shall see.

Vincent August 20, 2012 at 7:51 pm

The back bot showed good profit today! However the Lay Bot had 4 losers, losing 12 pts again today…
Last week was horrible for the Lay Bot. If this week proves to be another losing week then I’ll turn it on Paper mode!!

Dave August 22, 2012 at 9:52 am

Five weeks in and a fair time for an overall view.

The Lay bot hasn’t worked for a long time now and would be a major issue if it was making money. Both the two back bots are working as they should. I don’t like the fact that any P/L figures are lost if the bot is closed down as I’ve had that happen to me on more than one occasion when the server has crashed. It’s making it more awkward than it should be to track P/L figures. Neither do I like it that, if you change the settings, you have to restart the bot for them to become active.

Start with the good. The place bot currently is doing relatively well, how well I don’t know because of the aforementioned issues with losing the P/L figures. The lay bot started out OK, but then started to tread water and went nowhere. This may have changed, but, as I’ve not had a selection for over a week, I can’t say.

Now the bad. The win bot is well over 100 points down in this five week period and is, I make it, 7 points down for the last two days after a run of 20+ losers just prior to that with the new safer settings. I can only judge on my live results so, even to my £1 stakes, I’m £100+ down so far.

Neither the lay bot or the back bot are trustworthy enough to use at the moment in anything other than test mode. This will hopefully change, but there are no signs of that yet. The place bot, however, is looking promising and I’m at the stage of wondering about raising my stakes to try and recover some of the losses from the back bot.

Graham August 23, 2012 at 9:52 am

Thanks Dave. You’d make a good Cash Master reviewer if you ever fancy it!

The lay bot, you need to go to options and enter the odds figures in again, even though they are already there, save it and run. Then it’ll work. No idea why but it does.

Totally agree on all your points. I’ve completely lost track of the p/l because it doesn’t save the data and I use a couple of other bots on the same account so working it out is a nightmare. But the place bot seems to be doing well and is in fact the only one I have live at the moment.

Dave August 24, 2012 at 3:24 pm

The lay bot still refuses to work whatever I do. I’ve re-entered the odds, checked the settings are as described, re-started the bot at least twice and still no selections. I also use two other bots so I’m not going to even try and work out the P/L from this!

tom August 23, 2012 at 11:50 am

I am exactly the same,only running the place bot on live trading,win and lay bots in test mode although the lay bot did make 15 points profit profit on tuesday but lost 5 points on wednesday so little glimmers of hope there but not enough to justify running it back in live mode again.

Dave September 2, 2012 at 11:57 am

September now and a brief review. At the risk of killing it, the place bot seems to be doing OK and it’s the only one of the three I’m currently using. I can’t remember the last winner I had in the back bot and I’ve given up on the lay bot as it’s not worked for me for weeks!

Jase September 2, 2012 at 8:53 pm

I’m gutted and annoyed with this. I paid for a year and missed the refund by 3 days. I don’t think it’s fair that they have released a product that doesn’t work properly, i.e. the laybot and have a system where they keep having to change the settings.

Definitely not fit for purpose in my opinion 🙁

William September 3, 2012 at 3:18 pm

Jase I agree – I feel totally ripped off by this service – there hasn’t been an email update or results update for weeks and I cant get a refund on the rest of the year. I guess to be fair I should never have signed up to a service that only had 3 months worth of results

Graham September 4, 2012 at 12:17 pm

Hi William, check your e-mail settings as there was an update last week.

Dave September 4, 2012 at 3:04 pm

Can anyone confirm the claims for the last month per the email report (which they’ve stopped sending via e-mail)? According to them, the back bot is making profits, apart from their much-lauded NG system. The Lay bot doesn’t work, so their claims are useless, while even they actually admit their most hyped bot is “not a pretty sight”.

It’s our own fault for buying the hype of software launched without enough testing and maybe one day we’ll learn not to waste our money, but I’m really disappointed at the systems and the software.

Graham September 4, 2012 at 3:22 pm

Hi Dave, The lay bot works for me and I don’t know anyone else it doesn’t work for. Have you asked for support on that? Plus, I got their e-mail update yesterday so again, it may just be you that is having this difficulty. I’d contact them if I were you.

Pete September 5, 2012 at 8:30 pm

Am i correct in thinking Malcolm now has some form of involvement with the infamous Ross Turner? Sums it all up really if this is true!!

Graham September 5, 2012 at 8:48 pm

Not as far as I know. Why do you say that?

Vincent September 6, 2012 at 1:17 pm

“I guess to be fair I should never have signed up to a service that only had 3 months worth of results”.

The same for me. I got lured by a fantastic product which had been running for only 3 months or so.
That’s not much and I think having AT LEAST a year of results (and with most of them positive) is really the minimum nowadays to prove a service.
You should think long-term and try to exploit long-term patterns, that’s the only way to win at this game and to still be there in the long run.

This product is just another one that worked for a few month and that is now almost worthless.

Moreover claims that the product has been recently profitable is hard too believe, maybe for Malcolm but not for me!

Graham September 7, 2012 at 10:13 am

You make a good point but using your own logic, you can’t really say its almost worthless yet because we’ve had three great months a two garbage months so overall the picture isn’t so bad. I’ll certainty keep monitoring this one.

Pete September 6, 2012 at 3:24 pm

I’m sure there have been emails circulating re Malcolm & Ross doing online training methods.. Maybe a different Malcolm!!

Dave September 7, 2012 at 2:47 pm

Well, the good (?) news is that I’ve uninstalled, re-downloaded and re-installed the lay bot again and it’s currently working, but treading water. The flagship system is continuing to lose daily, though the place bot is keeping it’s head above water and might just make the service worthwhile if that continues. As it’s been sold on the basis of the main back system, it’s still disappointing, though.

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