Tag Archives: software

Get your daily selections in half the time…

Today we have an article from Malcolm Pett who wants to tell you about a great little tool that will help you with your system selection.

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Hi there…

I was wondering…

…How much time do you spend trawling through race cards to pick out your daily selections?

If you’re like most people, probably a lot!

If you are running one or more systems that require you to select runners by their form then unless someone is sending you the daily selections, I guess you have to go through all of them daily.

And sometimes more than once…

Which can take a lot longer than the 10 minutes you were expecting.

When you’re in a rush it can seem to take forever and it can be quite frustrating and let’s be honest a little boring.

I know how you feel

In fact I felt the same way.

I remember one of the ones I have followed…

“Go through all the meetings and select a runner if…”

The race is a class 4 or 5


There are 10 or less runners


It’s not a Maiden


1st last time out


Ran within 45 days.


Horse is a Gelding”

That was an easy one!

But as I am a little lazy I decided to create a tool…

…So you can simply find your daily selections with a touch of a button.
(or a click)

Yeah it is software but it real easy to use.

And what’s really good is that you only have to use it once for each system.



You just tell the tool what you’re looking for by ticking some boxes and then once you are finished you are given a link.

This link can then be used to get your daily selections automatically in any browser.

It’s a “http:” link just like the one you used to get to this page.

But instead of seeing lots of writing and pretty pictures you get your daily selections instead.

How cool is that?

I know you may be thinking…

…”Are yeah but will it do xxxxxx?”

Well it has around 60 different race and form filters.

So even if it can’t exactly meet your criteria, it will at least save you some time by narrowing down your selections using some of the filters.

The link it creates can also be used with the Grey Horse Bot.

If you want to know more pop over to the Grey Horse Bot website and look at the new “Bonuses” section.

It is number 3 on the list.

Thanks
Malcolm

The Grey Horse Bot – http://greyhorsebot.com

Today's Selection

2.25 Ludlow Gorsky Island – win bet – 9/2 Bet Victor Bet365

Betfair Trader

Today I am mostly reading about trading.

There is an interesting article in this months SmartSigger (Get your 1st month free here http://dailypunt.com/smartsig ) about the different types of Betfair trader and what sort of trader you might be.

As well as detailing different trading strategies, it also suggested a super fast trading tool which is free to use 🙂

I haven't tried it yet, but it definitely sounds like it is worth a play.

Here are some of the key features…

– Unbeatable speed – super fast trading on Betfair

– Grid Interface – single click trading, compact Betfair-style trading grid

– Ladder Interface – full depth of market, single click trading, queue position and built-in robot

– Position In Queue (PIQ) – provides a real-time estimated PIQ, arguably the most important and unique feature of our ladder!

– Automated Trading Robot – included is a unique Betfair bot, watch it trade on the ladder for you!

– Multi-Market – trade several different markets simultaneously

– Managed Markets (Guardian) – works in the background to gather data from multiple ‘managed' markets and maintain offset bets

– Tick Offset – automatically sends an opposing bet, after you get matched

– Stop Loss – automatically limits your losses. Trailing Stop Loss can also protect profits

– Racing Autopilot – it can automatically select each horse race and move forward
Greening (Cash-out) – a single click to lock in your profit (or loss) regardless of the outcome

– Advanced Charts – possibly the most comprehensive integrated charting available in any Betfair application

I think the most interesting and important feature for the trader is the advanced charts!

You can get the software here http://www.cymatic.co.uk/

If you've used it before I'd love to have your feedback in the comments.

Today's Selection

8.45 Kempton Four Cheers – eachway bet – 14/1 Bet Victor

Creating Betting Systems II

Today we have a regular weekly catch up with Malcolm Pett of http://greyhorsebot.com

In last weeks article I discussed how I prefer to create systems from archived data and also discussed how I come up with research ideas.

Lets continue…

Things I have noticed.

When you analyse horse racing as much as I do then sometime you will just notice something that looks interesting.

Because I also write the software that analyses our own archive I have to do a lot of testing to make sure a new feature works how it should.

During this testing I will sometimes find something profitable. So I will put it in my “scratch file” to look at when I have more time.


To be honest I am not always sure where some of these ideas come from maybe it just the way my brain works!

Ratings System

I must admit at the moment creating rating systems is one of my main interests.

I know not everyone thinks they are useful but for me they give you the chance to be more consistent with your selections.

Especially when you narrow your searches to particular race types like Handicap, Hurdles.

There are a lot of different ways of creating ratings and again Grey Horse Bot members get a couple of their own to use.

I am at this moment working on my 6th version. Each time I try to pick a completely different way of coming up with the figure using ideas that I haven’t used before.

So I have picked an idea what’s next?

Here are some initial things I think about before I start my research.

Is this a back or lay system?
How many selections a day, week or month am I looking for?
Is there a strike rate I would like to see?
How much profit am I hoping for?
What ROI am I looking to achieve?

Now I know that you may be thinking…

“Surely you can not answer those questions until you find a system?”

And that is a correct assumption except…

…I have an idea of the type of systems, strike rate, profit and ROI I prefer.

I tend to like backing systems over lay systems.

I don’t really care about how many selections a day I get…but many people want at least some “action every day”.


I am ok with a strike rate of 13% or better but don’t tend to like them under that percentage because of the chance for very long losing runs. (You could be different.)

Although I like profit…ROI is my thing I am looking for a good return on my investment.

By taking the time to ask these questions you will save yourself time pursuing ideas that are unlikely to fulfil your personal needs.

Next week we will finish off with some further things you should know about creating your own systems.

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

Malcolm
“The Nerd”

Find out more about the Greyhorse Bot at http://greyhorsebot.com

Today's Selection courtesy of http://bookiesenemyno1.com

4.55 York Bragging 11/4 generally

In Running Delusion!

Today we have a guest article from Malcolm Pett of http://greyhorsebot.com

1.09 in running just won’t work…

Hi

Every so often we get an influx of support questions about betting in-play and the issues people are getting when they are trying to get matched at 1.09 or whatever the latest fad is regarding this idea.

This idea has been going around in different forms since Betfair began and is based around getting matched as often as you can on the horse that looks like it will win the race.

The normal explanation is that you get on the first runner that drops below a certain price.

It’s started in the early days of getting matched at 1.01 or 1.02 gradually it has moved out to 1.09 or somewhere close.

On paper the ideas may sound feasible but in practice it really doesn’t work that well and here is why…

The problem lies with Betfair’s matching policy.

If you put a “back” bet into the market at 1.09 then only 3 things can happen.

1. You get matched at 1.09
2. You don’t get matched at all.
3. You get matched higher than 1.09.

You get matched at 1.09

If you are lucky and as soon as you put your bet into the market Betfair has enough money on the lay side to match your bet, you will get matched at 1.09.


You don’t get matched at all.

Betfair will not match a back bet under the price you asked for, so if the price has moved past 1.09 IE it has continued shortening you will not get matched.

You get matched higher than 1.09

Betfair’s policy allows them to match a back bet at a higher price than you asked for. This is how the exchange works if they couldn’t do this then Betfair wouldn’t exist.

So if the price drifts because the horse no longer looks like a winner then you will get matched at the higher price.

So with the above in mind let me show you how this idea is flawed.

You are sitting there watching the screen or running a bot that is set to put a bet into the market either on the first runner to hit 1.09 or a pre determined named runner.

The runner hits 1.09 and you place your bet into the market.

So our first assumption is that this runner is likely to win the race because it has hit 1.09.

If it is winning the race (and a lot of people will be watching live at the course checking this) then two things will be happening….

1. All the people out there using a similar strategy will be putting as much money into the market as they can.

2. Many traders will be trying to offset an earlier lay bet.

If this horse is looking like it will win the race that price of 1.09 won’t be there for long…Probably less than a second.

So if you’re doing this manually your probably be too late and even bots may not be quick enough.

The biggest issue will be that Betfair won’t have enough money to match at 1.09 and because they can not match your back bet under 1.09, then you will end up with an “unmatched” bet.

But then we have the other side…

Again we see the price go under 1.09 and we are at the same scenario as before except this time something happens on the course and suddenly our selection is no longer winning.

So the opposite starts to happen and the layers get into the market and probably a lot of traders.

Before we know it the price goes from 1.09 to 1.2 or higher and you are just in line to get matched as soon as Betfair can.

In theory this could be as high as 999 but it doesn’t matter it is over 1.09 so you have been matched on a runner you weren’t expecting. (A runner that no longer looks like winning)

The real point is that you are going to find it easier to get matched on a runner that has hit 1.09 and then goes on to lose, than you will on one that goes on to win.

The complaint we always get from people who do not understand the way Betfair works is that you were matched higher than 1.09.

Yep and that will happen a lot because that’s the way Betfair works!

Just a little more information…

First of all if a runner goes to 1.09 then that would have been your selection. It doesn’t matter what price you get matched at after that, unless your runner goes onto win then you lose your stake.

The point is (according to the rules of the system you are following) the runner did hit 1.09 at some stage so it was a selection.

Secondly if you stick to 1.09 then you probably won’t get matched often enough to make the idea viable.

Thirdly I am sorry to say but I know of people who have created very specialized software to follow this idea.

I believe many of these people also have people at the tracks feeding them information or they have a connection that lets them see the race live.

There are only two ways you may get this idea to work.

When your selections hits 1.09 you put the bet into the market at 1.01 and see how often you get matched and at what price and see if it works.


You put a bet into the market wait a second and then cancel. You either got matched or didn’t but at least you may not have wasted a bet on a runner that ended up losing.

As I said at the beginning on paper the idea seems as if it will work but in practice it is a different matter.

Still some sites still insist on selling this strategy as “easy money”.

I don’t agree.

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

Malcolm
“The Nerd”

http://greyhorsebot.com

Today's Selection

2.35 Goodwood 7 Moonraker – eachway bet – 12/1 Bet 365

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