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:
https://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.
Have also had everything running perfectly from 9th. July until two days ago.
Get same ‘keep alive’ message but nothing else. Have done the normal re-boot things but still not working. Any ideas? How does one contact the KIP team for assistance? I have had similar figures.
Roger
hi roger,i am also getting the keep alive message and i have only just downloaded the bot and setup it up,i came back to it and seen the message,it hasnt even placed a bet yet,please help if you can
Aaron
hi roger i too am getting the keep alive msg,i only downloaded the bot this morning and it hasnt even placed a bet yet,but it is saying keep alive,i closed it down and then started it again and came back to it but it is showing it again,please any help would be much appreciated
Hi Graham,
Have been signed up to your newsletter but changed e-mail address to above. I am signed up to KIP trial myself and have done well also using Recovery 2 and compounding.
I would, like you, prefer level stakes and would like to know what odds limit you set in your trial?
(because i used the recovery staking plan i set my limit to 6.00 and then 5.00 after a loss so i would guess i had less bets than your trial)
Hi Malcolm, I use an odds limit of 10, which is fine as there’s no recovery staking.
Hi Roger,try [email protected]
all the best,johnny
This had a really big loss on 24/8/11 using recovery 2 option, losing around half of the bank which had been building up quite nicely. I had tried to change one of the bundles which was set at 6x my normal stake but it wouldn’t let me do that despite trying to reload the software. There was no obviously reason why it felt the need to recoup such a large amount as I could not find where the relevant previous loss was. I’m likely to swap to level stakes as its sure to happen again at some point. Allthough support is quick and usually helpful, there are no running results pages or members area which I feel is really needed.
Hi Anna, I guess a results page would only be useful for people using exactly the same settings as them, so no good for us people using level stakes.
For a level stake of £25, how much would i need in my bank to ride out the odd losing bets?
what is the price after the trial month please ?
think its £67 per month
I have an API_ERROR when tryng to login in my Betfair account. Sent a ticket to support but no reply until now…
Hi Graham
Can you tell me what virtual server you use to run the bot? I only have experience of virtual servers for forex.
I use tagadab.com but I’ve found a cheaper one: https://www.cash-master.com/VPS.php
I think I’ve read that there are legal restrictions on U.S. residents using Betfair. I’m a UK resident and have just started using this bot on my PC at home. Can anyone tell me if I’ll encounter any snags if I run the bot on a VPS located in the U.S.A. Will Betfair prevent the bot using my login from a computer in America?
Hi Colin, My own experience is this… I use my VPS which I’m guessing is UK based and can login into from anywhere in the world. This is very useful because it means I can use the Internet through the VPS window and login to stuff like Betfair, Paypal et al without restriction no matter where I am. I had to do this in Italy a couple of years ago because I think they have some kind of online gaming restrictions too, with the websites being blocked by their ISP’s, so just by logging in through my VPS I got around this. So this could well mean that a US based VPS would have certain restrictions… but I don’t know. Still I don’t see the point of giving yourself unnecessary restrictions so probably best to ask in advance, or get a trial subscription to test it.
Hi
I have just signed up to the kippbot a couple of days ago and run it on a virtual server. It keeps coming up with the term HeaderCode=NO_SESSION and seems to stop placing bets. Has anybody else come across this?
Also it doesn’t seem to bet in the evening racing and comes up with this term-probably why it does’t bet in the evening but not sure why!
On saturday I had 6 bets up to the 455@kempton-can anybody confirm this please?
Thanks
Mick
Had this message when I first started with the bot – HEADER CODE no session. Took a day or so to get response which was good, and they said that it meant the connection had been lost. Occurred on one more occasion. I get the keep alive one too but I don’t think this is a bug, I think it may just be waiting to get the right price.
I have many problems tryng to install KIP in my Swtech VPS (Windows 2003 Enterprise x64 SP2)
What tagadab VPS are you using Graham, VS500? And with what O.S.?
Any other person is running KIP in other VPS? Swtech is cheap, 15 euros/month and I am running MT4 without problem, but I am tired with the KIP problem and my 7 days trial will finish soon. Any help apreciated.
I’m not sure which one I’m on, I’ve had it for a couple of years now, but I pay nearly £30 a month and I think it’s Windows 2003. It certainly looks like an old version with the old style graphics but it runs all bots I’ve tried on it. Hope that helps
Following Graham’s advice I’ve just signed up for a VPS with swvps.com. I chose the cheapest package at USD18 a month but paid an extra USD4.50 for a server in their Maidenhead, UK data centre. They’ve got a 15% sale on so it worked out at USD19.13 which PayPal converted as GBP12.32. It’s running Windows 2003 so looks pretty ancient, and I had to download and install the .NET Framework 3.5 from Microsoft, but then the KIP Betting Bot installed and runs without any problem.
Oh, and one other thing mentioned above. I’ve written a few bots myself using the Betfair API and ‘KeepAlive’ is a standard API function for preventing Betfair from logging you out when there’s been no activity for a while. It’s just a way of the bot saying to Betfair ‘I’m still here’ when it’s running 24/7. See https://docs.developer.betfair.com/betfair/#!page=00008360-MC.00008327-MC
Hi Guys, I have just talen out an active subscription confirmed but I have no directions to the download,can anyone help please?
Regards Shane.
Try asking the vendors!
Thanks Graham,
sorted now, I just got robot email replys for a while that’s why I asked here.
Regards Shane.
I have had a brief run, 9 days at £1 stakes which left me £4 up (23 winners, 6 losers), then a further 9 days at £5 stakes which left me £50 down (10 winners, 4 losers). Fortunately I used level stakes, because the last 2 losers were consecutive and if the stake on the second one had been designed to recover the loss on the first it would have resulted in a loss running well into 3 figures.
As I told the promoters of the scheme, professional gamblers take a long term view and expect losses but I was just trying to boost my pension a bit. They refunded immediately (probably glad to get rid of me)
Hi Alan, yes that’s why I do level staking too… can’t stand the rapidly increasing stakes with progressive lay staking. The last couple of weeks have gone a bit sideways, not made much, not lost much, but that’s fine (and normal). Nobody should expect to make money every week with this, but over the months it seems to be a winner. My profit is now at £707.
Hello to all. I subscribed to “Kip Betting Pro” twice, but I had always the same problem: the “no bet in this race” message. The first time I received also a beta version from the support team and sent the log files to them but after that I haven’t got an answer back and a solution so I canceled the subscription after 30 (!) days without a bet. Last week, seeing here that it was working good, I subscribed again but now I have the same problem; this time I have also stopped all the other bots that were connected to Betfair, thinking about a “compatibility” issue, but after 5 days no bet was placed (and I had also the “no betting” damage from the other bots). I don’t know what to think, because I discovered here that I’m not alone…
Hi Mario,
I had the same problem – no bets, just the “no bet in this race” message. I used a German-based vps…Somebody told me the other day that betfair limits access from UK IP addresses. So that might be the problem. I will try and use a UK-based vps now…From which country are you from? Probably not from the UK?
Hello Erich. I’m from Italy, but I’m using other bots with Betfair that work perfectly so I dont’ think that this could be the problem. It’s true that in Italy and in other countries you cannot have access to the Betfair web site, but the bots are connecting with an API with the Betfair server so they are not blocked (indeed, the KIP Betting Bot logs in with Betfair server and receives the races list correctly, but doesn’t put a bet). Thank you for the info anyway. Try to make a test with the UK-based VPS without spending money, because in my opinion the risk is that the bot will still not work as with the German-based VPS.
It is doing pretty poorly on level stakes currently, has lost money over the past 30 days. Several sequences of 2 losses and one of 3 losses so I’s imagine that it would have wiped the option 2 bank out by now. Its strange no one else is reviewing it.
Hi Anna
I am testing KIP from 11th September and had these loses: 17Sep, 18Sep, 20Sep, 23Sep, 24Sep, 24Sep, 25Sep and 2Oct.
8 loses in total but no consecutives, from 61 bets
Interested to know if more people have the same results
Hi Antonio. It would help if you included your settings!
Hi Graham
I am using the recommended settings with level stakes.
Hi Antonia
These are my results from my spreadsheet, where column 3 is # of bets that day, next column rounded up money at risk, next one win or lose for the day i.e 1 or 0, next one money won or lost and final one is balance. My settings are the same as Graham’s. Hope this helps. I have had several consequetive loses of 2, and also one of 3. Today there was another consequetive loss of 2. My stakes are small £3 as it is not showing any growth to allow them to be raised.
17/09/2011 Bot 6 18.00 1 17.10 82.18
18/09/2011 Bot 6 41.17 0 -0.45 81.73
19/09/2011 Bot 1 10.00 1 2.85 84.58
20/09/2011 bot 2 28.20 0 -28.20 56.38
21/09/2011 Bot 1 12.00 1 2.85 59.23
22/09/2011 Bot 1 30.00 1 5.70 64.93
23/09/2011 Bot 4 21.75 0 -4.65 60.28
24/09/2011 bot 7 65.30 0 -4.05 56.23
25/09/2011 bot 4 46.50 0 -46.50 9.73
27/09/2011 Bot 0 0.00 0 0.00 9.73
27/09/2011 Bot 3 52.20 1 8.55 18.28
28/09/2011 bot 0 0.00 0 0.00 18.28
29/09/2011 bot 0 0.00 0 0.00 18.28
30/09/2011 bot 1 2.85 1 2.85 21.13
01/10/2011 bot 6 66.00 1 4.05 25.18
02/10/2011 bot 5 69.80 0 -8.40 16.78
03/10/2011 bot 1 16.80 1 2.85 19.63
05/10/2011 bot 3 25.00 1 8.55 28.18
06/10/2011 bot 2 35.70 1 5.70 33.88
Hi Mario,
I am using a UK based vps now and the kip bot works!
Regards,
Erich
Hello Erich.
Thank you for the info. It seems that the issue is in the “regional time settings”; the PC can be in every country we need, but it has to use the UK time settings.
Regards,
Mario
Hi Anna
You are right about the KIP bot. I have been using it since middle of July at the recommended settings but with no staking. (I think their staking plans are a quick way to the poor-house and you you would have to be pretty optimistic to use them!)
Apparently, the bot did have a bit of a good run in the months before I subscribed, which would account for Graham approving it. However, by the middle of October it had pretty well chewed up my bank so – older and wiser, I binned it
I suspect the only people profiting long-term from this bot are the people picking up all those £67.00 per month subscriptions
I started with a £1200 bank and it doubled it to £2400 and has now had a retrace back to £1600. So I’m still £400 in profit which is a 33% increase in the bank in four months. Of course we have to take the subs out of that but considering the effort involved (zero) I’m happy with that. It’s had a particularly nasty run of late and if that continues I may have to reconsider the rating but it’s far too early for that.
Hi Madmugz
I have now given up on the bot, it started off well but ended up in deficit, my subscription was due for renewal today so have cancelled it. I felt 4.5 months was long enough for it to show its worth, considering the price asked. Interestingly, only one other site has started a review on it, no updates as yet. For me it never bettered 75% strike rate at recommended settings.
best settings plz?