I must apologise for the length of time it’s taken me to post this final review.
I’ve had a number of real life issue to contend with lately and I’ve also been trying to figure out the best way to word this review.
The problem I have is that it is completely pointless to post my own personal results from this. The way it works is totally dependent on the user.
Unless you have the same strategies, with the same settings and somehow make the same decisions I do, your results will be completely different.
In the original set up video, Strategies 2, 3 & 5 were used. When I made a few queries with Rene, he said he uses 3, 4 & 5. So I decided to stick to those for my own trading. I had the options for each one set up as per the ones shown on the video and it nearly drove me mad with the number of alerts coming through. I was getting over 40 alerts on midweek evenings. So I increased all the settings and the number became more manageable.
I was hoping that Rene would be making the video of the free Webinar he held available, he hasn’t done so yet but does say he plans to and that there will be further webinars held. That would be enormously helpful as this is a very tricky method to get the hang of and improves beyond belief with experience.
I would say I average around 10-12 alerts per day, some days vastly more and some very quiet days. As Rene showed on the webinar, you don’t use the big leagues. UK, Germany, Spain, Netherlands, Champions Lge etc are all to be deselected. He does leave France in but only takes notice of 2nd Division or below. I specifically asked about Italy because you get some very strange results there towards the end of the season, I’ve seen several examples over the years of matches having Draw as quite heavily odds-on before kick off. He agreed with me and said that it’s best to deselect Italy for most of the time, but switch it back on as the season starts to wind down.
When an alert is triggered, you receive the information via either email (as standard) or you can pay extra to have sms alerts sent to your phone. Once you have the information, you need to go to the Betfair site and have a proper look at the chart for the selected market. You need to make a judgement call on whether there is something a little “iffy” going on, or if it is just normal trading activity.
The vast majority of alerts are of no use and are ignored. It is entirely up to the user to decide which alerts to act upon and which to bin. It is really important to accept that this software is not a tipping machine. If you trade all, or even most, of the alerts you will lose. Most alerts are triggered by normal Betfair in-play activity.
With regards to actual figures, I can tell you that I’ve made just short of £1500 since the start of the trial using a mix of £20 & £50 stakes, depending on how I wanted to play the trade. It’s practically impossible, and entirely irrelevant, to try to give accurate figures for strike rate, average odds or any of the usual stats. To give any meaningful figures I would have had to be playing each trade that I decided to act on in the same way, and that just isn’t the case at all.
Some trades have been like outright bets, for example I may well get a trade I like the look of in the First Half Over 0.5 Goals. That is just going to be a straight win/lose affair and is easy to record, but I’m far more likely to get decent looking alerts for something like F.H. Over 1.5 or the full match Over/Under markets. In the trades there’s just too many variables to give exact figures that would mean anything to another user. If, for example, I get an Over 1.5 First Half trade and the score is 0-0 I have to wait for a goal to go in then I can either; green up for equal profit whatever the outcome, lay enough profit to make it a no loss bet, drip lay profit slowly to lower the liability or I could just leave it run and risk losing my full stake in the hope for the second goal and a full profit. If the alert is for Under/Over 4.5 or 5.5 full match markets (and these are very common alerts) then the number of ways to play the bet as the game progresses rockets up. I could just take the alert word for word and just back in that market, or I could split my stake and back in stages on the other U/O markets and green up/limit liability as the goals go in, any number of different approaches can be taken.
Each alert has to be weighed up carefully and acted upon as the user sees fit. So, as you can see, no hard and fast figures can be given and even if they were “guesstimated”, they wouldn’t remotely reflect your experience with it.
In the promotional blurb and on the forum, a lot is made of the Alert 3 trades that can be massively lucrative. I have only had one of those during my membership, and I’m not 100% sure that it was a particularly good one. On the members’ forum, you can look back and see that they have had a good few of these over the time the software has been running. The alert often comes through a couple of days before the game and revolves around the HT/FT result market, the way they’re worked is that an unlikely amount of money has been placed on one outcome, usually the underdog to be leading at half time but the favourite to win at full time. Rene and his members have followed the alert and backed that outcome and then been able to lay off all, or at least most, of the liability before kick off and can either green up for equal profit or create a risk free bet by just laying off the original stake.
The alert I received only arrived a few hours before the game and, after I’d backed it, the price didn’t really drop very much before kick off so I wasn’t able to hedge my position prior to the game. I was, however, able to secure a reasonable profit in a relatively short amount of time as the underdog scored first and the price collapsed. I did upload a screenshot of that trade as part of the update on 22/12/15
With regards to getting help with starting up and running Spikey Bot, when you buy the software you can set up membership of Rene’s forum that has a thread for Spikey traders. A lot of it is in German, which can be a bit of a faff when/if you have to use an online translation service. Thankfully Rene and quite a few of his members are fluent in English and if you post a question, someone will answer you in English. Rene is very approachable and is happy to help people get to grips with how to start your learning curve. The set up video that you watch when you first join seems to be a bit out of date with how most users tend to use it and will end up with you being inundated with worthless alerts, so do spend as much time as you can going through the forum with Google Translate open on another tab. I do hope that he follows up with his intention to run more webinars and training sessions as they are enormously helpful.
There is no doubt whatsoever in my mind that Spikey Bot does work as it is intended and has the potential to be enormously profitable and it is most certainly going on our APPROVED list.
However, it’s not cheap to buy and I want to make sure that you are aware of all the relevant requirements before you decide whether it’s for you or not.
THIS IS NOT A TIPPING SERVICE, YOU ONLY ACT ON THE ALERTS YOU DECIDE YOU WANT TO TAKE.
IF YOU ACT ON ALL OR EVEN MOST OF THE ALERTS, YOU WILL LOSE IN THE LONG RUN.
You’ll need to factor in time to look at the Betfair chart(s) every time you receive an alert.
You’ll find it far better to run this software on a VPS so that it can run for you without you needing to be at your laptop all day. So you need to factor in the cost of subscribing to VPS service.
There’s no real speed difference between getting the alerts via email or sms text, the choice really comes down to how convenient it is for you. The emails are sent free of charge and are very clear and easy to read, the text service costs around €29 for a block of 100 texts.
This software really is one of those that gets better and better the more you use it, becoming more skilled at picking which alerts to go for and which to ignore. A decent period of paper trading is most certainly recommended.
Charge at it, use it as a tipping service, or try to “wing it” from the off and it’ll bite you hard.Have some patience, experiment, learn and seek help on Rene’s forum and it will reward you, handsomely.
You can get Spikey Bot with a lifetime license here: