First off apologies to anybody who isn't interested in betting bots, but we have had a lot of questions.

If you have registered for the bot and have technical questions then please reply to your sign up email and the people on the helpdesk will help you. If they can't get you working then you will get a refund.

We've had a lot of questions about the profit profile and the size of bank required and I will try and answer those today.

First off I should say that with all things betting past results are not a guarantee of future profits.

What I have from the author is a full profit and loss spreadsheet from last July to date and we have been following along since the beginning of March.

I can't tell you what the system is but basically it bets between 1 and 3 runners in most races.

The user sets a stake for the race and that is split (equally) between the selections in the race.

There are no increasing stakes it is all level stakes per race.

The way we use it is with a daily profit target and a loss target. So once we go past 3.5 points profit we stop and if we hit 6 points loss we stop.

The reason we do this is to level out the swings in the profit and loss.

You don't have to use the bot this way and if you carry on betting every race everyday you will make more profit. But you will have to endure longer losing runs and it is more of a roller coaster ride.

So if you bet at £10 per race and use the stops then your max loss will be £60 in a day.

Since July 2012 we have had 2 runs of 6 losing days, so that would have been a draw down of £360 and £60 would have been required for the next days betting.

So, so far £420 would have been big enough for £10 stakes, but you should probably allow for longer runs.

Over the period back to July 1st there have been 121 losing days, that have lost on average 5.03 points.

And there have been 198 winning days with an average profit of 5.47 points.

There has been a profit every month but February this year was only 5.11 points, but on average the profit has been 43.15 points per month.

The reason that it starts with a full month at £20 is so you can try it out with a small investment and using small stakes, say £1 per race.

The fact is we only know what has happened in the past, we can't be sure if it will work forever, but it seems reasonable to think that 11 months of profit indicates that it is a valid method.

If you bet £1 per race and it lost every day this month then with the £20 subscription you will be £200 down. That is your total risk to try something that has the potential to bring you money every month.

You could stake 10 pence per race in which case your total risk is £38 for the month.

The first day made over 6 points profit.

http://mysteryhorsebot.com

Today's Selection courtesy of Value Backing

Yarmouth 6.55  Azrael – each way bet – 14/1 Bet Victor