I wasn’t able to use the bot between Friday and Sunday as I was travelling but I’m going to report the results as if I had as they had three losing days on the trot taking the initial profit right back down to £12:
Total Profit £12
One thing that is clear with this service is that because they go for such high priced selections, the strike rate is very low and the profit is realised when they hit a few high priced winners. This is probably why using a bot is a good idea as it would take some serious self discipline to keep betting after 70,80 or even 90 losers on the trot.
However, since we are supposed to be using a 200 point betting bank, even getting 100 losers on the trot would only get through 50% of the bank, so one would think think as long as we hit a few high priced winners often enough, the profit is attainable.
Which brings me on to my next point. With high price selections, the liquidity (the amount of money avaialable in the market for a selection) is going to be a lot less than for low priced selections, simply because not as many people would bother betting on them. This means that if you suddenly get a few hundred people putting money on a horse at a high price, the price drops dramatically.
It would appear that quite a few people have recently decided to have a go with the free trial and a lot of money is now going on these high priced horses. I asked Clive about this and he tells me he has had to change the timing of the bets and added a sequence to the way the bets are placed by the software and that this has made an instant improvement to the attainable odds. They have also changed the way the results on their site show the odds, in his words:
“Instead of just taking the odds at the time of publishing the selections we already now take an average over the betting period. It is hoped to enhance this further so that each level of membership will show the odds at the exact time their bets are fired.”
I got a rather nasty e-mail from one reader accusing me of promoting a ‘scam’ because the odds he got were considerably less than those published. Obviously I pointed out that I haven’t actually promoted this yet, it’s still in the testing phase, and explained that it might be prudent to get the full facts before jumping to conclusions about a system or service.
The results I publish here are the actual results I get unless I’m unable to bet which is unlikely over the next few weeks. I too have noticed the prices I’ve been getting today are in some instances less than the published odds, not that it mattered because they lost, but I did get 27.00 on Belle Of The Lodge and they published a price of 20.00 initially and then odds of 22.00 for that selection when they did the average. I also got 48.00 for Zaskia, they published 45.00, and I got 28.00 for Edgeworth, which won, and they published results of 27.00. This leads me to believe they are publishing accurate results and not trying to scam anyone. It remains to be seen whether this service will be profitable but unlike the aforementioned reader, I prefer to withold judgement until I’ve actually tested it.
Onto today and I did bet live again. I decided to go for the Janus package which is a £5 per bet, so I will simply be reporting the actual profit/loss I get daily from the Betfair account I’m using for this bot.
Today there were two winners and I made £50.33 on the day:
as opposed to the £42.48 published in their results:
Again, it’s too early to tell if this is going to be profitable long term BUT I’m not about to make snap judgements, and I’m certainly not stupid enough to start throwing the scam word around. My experience so far has been that these guys are above board and they are making a profit, even if I had stuck with £2 a bet:
Total profit £620 comments