Well the LOF bot has gone on sale today.
I was fortunate in that I have already given access to the bot to see how it all works and so I’ve run it since March 1st on a Betfair account that had around £500 in it. I set the bot to bet to a liability of 5% of the bank so the maximum loss on a losing bet is 5%.
I like the idea of this because it means that the betting bank can never get wiped out even on a long losing run, but a long winning run would mean significant profits as the profit on each bet increases.
The bot is very simple to use. Basically the first time you use it you set how you want it to stake, whether level stakes (and how much) or a percentage of bank and how much etc. You only have to do this once. Then you just click on the start button and leave it.
I decided to run it on my virtual server as I use one anyway for Grey Horse Bot. The advantage of this is that you never have internet connection problems and you don’t have to leave your computer on. The bot has a clever setting that allows it to restart itself at the start of each day.
Theoretically this means that you can turn the thing on and then never look at it again. Perhaps check your Betfair account in six months and see how you’ve done.
In practice though I see that it’s a good idea to check that it’s running properly occasionally.
I left it on and didn’t check for the last couple of days and this morning when logging in I saw there was a message saying there was a problem with my subscription. The bot hadn’t bet for the last couple of days. A quick e-mail to Matt and the bots working again. So if you’re going to go for the Virtual Server route then it may be an idea, for the first few weeks anyway, to check it’s running properly in the morning. Obviously if you’re running it on your own computer then you’d notice if it’s not running.
Anyway, the bot made £200.38 profit in seven days with a £500 bank:
Early days but certainly very encouraging.
LOF is available here: