After an abyssmal month in December, I am pleased to report that the Mystery Horse Bot has had a serious change of fortune in January.
I have genuinely hoped things would turn around for this piece of software and this month has proven that December was simply one of those months
that all systems experience from time to time. (I understand that since July 2012, December was the second losing month overall).
Here follow Januarys’ up-trending results reported by the bot.
19 winning / 11 losing / 1 break even day(s)
Note : As a result of Decembers progress or rather lack of, the bank took a nosedive and I reported the figures in terms of points profit. The bot does not permanently record any of its transactions
other than displaying the selections it has made on the day and there is no accounting for Betfair commission on winning bets. This is troublesome, particularly for a review like this
as readers quite understandably want to know the bottom line, not a theoretical points balance.
It took me some time to do but I trawled through all qualifying races for the last couple of months and came up with the following figures which whilst a more accurate representation are still not exact
to Betfair protocol, (commissions are charged on winning bets only, so on occasions where the bot places more than a single bet – the losing bets need to be taken into consideration before the commission
is applied. This isnt easy to do, as this would require working through each and every race against each and every selection..!)
As you can see, these commissions soon add up, were a more obvious proof to this fact needed…. see below.
The results are to £6 stakes, which is split equally on upto the maximum of three bot selections.
Total Points : -47 (month total reported by the bot) / Profit & loss : £-286
Total Points : +52 (month total reported by the bot) / Profit & loss : £242.70
(my January figures do not seem to remotely compare with the figures on the website which are showing vastly higher profits for this month….ie. £750 to £10 stakes… I know that not everyone will get the same prices
as this is dependent upon the time the bets are submitted to the exchange, but surely not such a large difference? …. in contrast, Decembers results are comparable to mine)
Current balance : £1156.70 (start bank : £1200)
In summary, a cracking start to the New Year. Let’s hope that February proves to be a similar success with equivalent progress to carry the balance into positive territory.