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Automated Betting

Today we have a new article from Malcolm Pett the creator of the Grey Horse Bot.

To find out more about the GreyHorse Bot visit Malcolm website here http://greyhorsebot.com
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Knowing when to say enough is enough…

One of the reasons I originally created the Grey Horse Bot is that it allowed me to automatically stop betting.

And it also stopped me chasing loses.

I started in the early days with greyhound racing (that’s where the “Grey” comes from) and I followed a “Stop at a winner” system.

The problem I had was that even after that first win I couldn’t help myself starting again.

There were so many Greyhound races everyday that if I won early, it was just too tempting not to try again.

Of course you know what happened next…

…I couldn’t get a winner.

This led to the second problem of not knowing when to cut my losses.

Creating the Grey Horse Bot allowed me to “set and forget” knowing full well the bot would either stop as soon as it got a winner or if I hit my stop loss.

The other problem with Greyhound racing is that Bags races happen every 10 minutes and it is so easy to miss a race when the phone rang or you start chatting to someone.

Even reading an email can be enough to take your attention away from the racing just long enough to miss a race.

Having the Grey Horse Bot do everything for me just made life a lot easier.
The next step was to run the bot on a VPS or server that was permanently attached to the internet at all times.

This meant I didn’t even have to think about the bot, day to day.
Our longest running test was over 6 month’s non-stop. It would have been longer except the server had to be reset for an important update.

Testing is a very important part of my day to day betting activity and although I am a great believer in “paper” testing and would suggest you always do this…
(The Grey Horse Bot does paper test as well.)

…It’s not until you actually bet live when you find out if the selections your following are going to produce a profit.

I think this is where automated betting comes into its own.

Having the ability to set aside part of your bank just for these selections and set a stake that is smaller than you would normally have to use, all helps in the testing process.

Here is an example.

In last week’s article I introduced a new test for a simple system I came up with using 2nd ranked runners based on the BSP early morning prices.

Here is the article.
http://dailypunt.com/one-winner-per-day/

So I set up a Grey Horse Bot on one of our servers and set aside a £10 bank for the test.

I like to use a % of bank as my start test stake.

This may not work well with all systems but I find it a good place to start.
And if the test goes well then your stake should naturally increases but if not, your stake drops.

If I know the strike rate of my system I normally work out the Longest Losing Run expected statistically, add a little and use the figure as my stop loss.

If not…I normally set it at an equivalent of around 20 to 30 points.

Your have to decide what’s best for you.

Once that’s done then all I have to is click “start” and let the bot do the rest.
The Grey Horse Bot can automatically download selections based on your own criteria or using the special links that are often given to our members when we start a new test.

The link contains a live feed that the bot checks every so often and if it finds new selections it automatically adds them ready to monitor.

There is a link in the member’s area for the test from last week’s article.

I love automation and it doesn’t get any better than this.

But best of all I no longer have to worry about missing races or stopping when I should, it is all done automatically.

Thank you as always for reading I really do appreciate it.

Malcolm


The Grey Horse Bot

http://greyhorsebot.com

Today's Selection

3:00 Bangor Clondaw Kaempfer – eachway bet 15/2 Bet Victor

A Winner a Day

Today Malcom Pett is back after an enforced break due to a major technical failure 🙁

Who said finding one winner per day was easy?

Over the years I have spent a lot of time trying to work out how to pick just one runner a day that will win.

I know it is not an easy task but you would think with experience that it should be possible.

Then I was talking to one of my “Tipster” friends who actually supplies a “one a day” tip to a select number of people.

After a bit of digging it turns out that even his single tip is his “Best” selection from his 3 top selections each day.

He said that he found out a long time ago that looking for just a single winner is very difficult, so he switched to finding 3 (originally 4) selections a day.

He said that friends he had talked to himself…

…All had a number between 3 and 10 that they would consider as their best selections a day.

They would then work out how to make money depending on the prices and how successful they were at getting winners from those selections.

He settled on 3 because he normally found at least one winner a day from that number of selections.

It also turns out that although he had come up with various staking plans the most simple one, was just to “stop” as soon as he got his first winner of the day.

He found this strategy had worked very well.

After a bit of arm twisting (long story to come later) he agreed to show me what he meant…

…In fact he agreed to show all our site visitors over at Grey Horse Bot his 3 selections a day.

You can follow along yourself here:


At the time of writing this he has already had 2 day’s where all 3 selections won.

Putting this tipsters tips aside…maybe this is a better strategy to adopt.

Instead of pressuring yourself to find just one winner, you could first find out if you can get better at selecting 1 winner out of 3 or even 1 winner from 5.

Once you can do this you may then be able to work out a money strategy that will allow you to make a profit from using just those selections.

From the looks of our tipsters selections so far he doesn’t just pick favourites but he does tend to pick strong contenders. Many of his winners are above even’s but probably within the top 3 in the betting order.

You can check out the selections here.

Thank-you as always for reading I really appreciate it.

Malcolm
The Grey Horse Bot.

Today's Selection

3.40 Taunton Kalimantan – win bet – 11/10 Coral

Free Betting Systems Library

When I was a young(er) man I used to look forward each month to my copy of Smart Sig magazine coming through the letterbox.

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Today's Selection

York 1.45 Don't Tell Annie – Eachway bet – 8/1 Bet Victor

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