Free Betting System Guide
This is a free copy of a guide which I wrote a couple of years ago and was originally
on sale. The following guide, system templates, software settings, set-
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Liability & Disclaimer
This manual may in no way be duplicated, copied, shared or sold on in any form or manner. The contents may not be transferred or used for any other purposes other than for personal use.
The author, publisher and any other persons involved in the creation, selling or
distribution of this e-
Anyone caught illegally distributing or reselling this e-
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Contents
• Liability & Disclaimer
• Contents
• Introduction
• Focus Market
• Why Greyhound Markets?
• Trading Style & Auto Betting
• Money Management
• Choosing An Auto Trading Bot Solution
• Greyhound Cash Machine
• Rundown Of Required Settings
• Record Keeping
• Summary
• Links
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Introduction
I have been trading on the betting exchanges now for a few years and managed to make a decent amount of profit each year using autobot strategies, a successful one of which is similar to the one in this eBook.
I hope it aids you in your trading and the development of creating profitable auto trading systems, and also provides you with some worthwhile information.
Note: Before I outline my trading system I will go over a few different subjects and give my opinion on a few notable areas.
*This eBook is based on using a UK Betfair account. (GMT Time) So any other countries that allow the use of Betfair that aren’t GMT will obviously be trading at different times.
Please read through the entire eBook from start to finish
Thanks, and good luck with your trading,
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Focus Market
This eBook is focused towards trading the greyhound markets and it covers a system I have used successfully to trade those markets.
You should use any of my advice and the system that I have put forward within this eBook on the greyhound markets and also experiment with the settings, if you want, to see what results you can get. I would suggest that this can be a good idea as it’s the way you will learn to formulate new winning trading strategies using bot software and ultimately help you to become as knowledgeable and profitable as you can. This being said you can just run my system and see how profitable it is for you, as you don’t need any prior experience to use the Greyhound cash Machine.
Note: It may be worth trying variations on my system template to see what results you can come up with.
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Why Greyhound Markets?
I’ve personally had the most success trading and testing different systems on the greyhound markets – experimenting with all manner of settings and ideas which I have never been able to quite replicate as successfully in other market areas, which includes using bot and non – bot strategies.
Perhaps this is due to the fact it is just dog against dog with potentially extremely minimal differences in track finishing times and no jockey or any extra parameters to complicate things. UK greyhounds also always have 6 runners on nearly every race from traps 1 to 6 with the occasional exception possibly due to a runner that has been removed for whatever reason. This makes trading greyhounds a far more simplistic choice of market and in my experience the more simplistic system usually makes for more effective and profitable bets.
It’s also important to point out that greyhound markets are over very quickly so they are usually settled quickly within your account, which can be a definite plus. I.e. if you use a 100% loss recovery (or any loss recovery options) in a system it can be useful if the market that has been traded on has been settled before your next bet on your markets kicks in. This can help the system to run smoothly and consistently as this means one market is fully finished and settled before another begins.
Otherwise markets can really start to overlap with each other and you’re left with too many unsettled profitable and loosing markets all over the place. This can clash with the loss recovery running efficiently, so this is all definitely worth noting as it could affect your trading style. These are problems that I have found with soccer and the horses, whereas greyhound markets seem to run far more efficiently.
These factors in my view are just some of the reasons which make greyhounds a decent choice for basing a trading strategy on, as you can run into problems trading other markets such as horses and football. Especially in higher volumes at least partly due to the above mentioned points.
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Trading Style & Auto Betting
You will obviously have winning and losing days – as with any betting or financial trading. It’s similar to trading the Ftse 100 or forex currency markets. You can find many comparisons as working out a descent trading strategy and sticking to it religiously and emotionlessly takes an obvious amount of discipline, which can be the most difficult part of any trading / betting system.
I believe a good strategy going down the autobot route (or a combination of different autobot strategies) can be an efficient way of accomplishing this, as it can provide consistency and emotionless trading and definitely provide food for thought when choosing to use an autobot.
It’s also important to keep records of all your trades such as in spreadsheet format so you can go over them and find any profitable patterns in your trades etc (I will touch on this later in the eBook). Being able to analyse your results and check on your profit / loss especially over the longer term is definitely a step in the right direction to creating a profitable and winning formula.
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Money Management
Managing your money is always a subject of great debate when using a betting / trading system(s) but I believe (at least for the strategy in this eBook) that keeping it simple is the best way to manage your money. Obviously as you have heard, probably many times before, just don’t put in what you can’t afford to lose.
I also use a separate bank account which I use just for betting / trading and any money being withdrawn or deposited into or from my Betfair account goes through it. If I do use a more volatile system, have a bigger loss day or I want to top up my account if the system I’m using is still profitable and viable in the long run – I will “repair” the betting account from this separate bank account.
The system that I present in this eBook can use a bank roll of just about any amount you wish, as you are just taking 20% of it as your lay to liability stake. So you could use an initial bank roll from say £10.
You can of course, if you wish, use a low starting bank roll such as £10. This will
just reduce profits; this is a good idea if you want a live non-
The system that I will cover has a possible maximum loss on a negative day of any amount up to the bank roll you choose to use, even though losing your entire bank roll or having more negative days than profitable days in a week is unlikely.
Note: This & other points in this section will be covered in more detail later on.
I also withdraw any profits at the end of each day, so it essentially resets and you start fresh again the next day with the same bank roll. After some time and testing of the system, consider increasing the daily bank roll amount.
You may have days where you take a loss so you could either take 20% of the new bank as your lay to liability stake and at least temporarily trade at that level, or repair the account balance back to your original default bank roll.
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Choosing an Auto Trading Bot Solution
There are many Auto Trading Bots available to you, but you should really be looking mainly at the Betfair solutions due to the massive contrast and range of available bots that are available to you, even though other exchanges such as Betdaq also have some options available. We are focusing on just the Betfair software options.
To see a directory of all the Betfair solutions there is a section on the website
that you may or may not be aware of, go to -
I personally have tried quite a few different bots over the past few years and experimented with backing & laying, dutching & ladder trading etc. The area we are focusing on in this eBook is an auto laying strategy to realise a profit.
The bot which I use is called Bf Bot Manager, they have 2 versions of this bot now and I still use the initial one with the latter having a few more advanced options built in. I use it due to its range of trading options & simplicity of use versus price while still being powerful. In short it is the best all rounder that I have personally used for what I wanted to get out of a bot. There are trial options available with Bf Bot Manager so you can try it out for free, as is the case with many of the software solutions, so you don’t have to throw your money away on different bots until you have found one that is right for you. Obviously the bot I will use in this eBook will be Bf Bot Manager, even though many of the other bots that provide auto backing & laying options are extremely similar. The bot is available for download at the BF Bot Manager Website where there is a request trial section at the top of the page for whichever bot you’re interested in, which includes both versions of their Bot Manager.
Note: – I am in no way associated with the developers of BF Bot Manager; this is simply the software which I choose to use for the purpose of running my strategies including the Greyhound Cash Machine. It is obviously up to you which bot you prefer to use, as long as it has laying facilities the system outlined in this eBook should be easy enough to replicate in any decent bot, or at least very closely.
Instruction manuals are found by clicking on the bot's tab – so I won’t go through all the different areas & settings of the bot except any that are relevant in this eBook, as you can go through the official manual(s) in your own time and pace if you feel you need to.
Note: It’s also worth noting that this bot, like a few others has a simulation mode so you can basically paper trade without any risk to yourself. It’s also a useful way of getting a large volume of trading data to analyse. I’ll briefly explain this option shortly.
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Greyhound Cash Machine
This system should be run at the beginning of each greyhound trading day whenever you run it. I.e. this is usually 11.03AM (GMT) in the morning on weekdays. It’s best to stick to Mon – Sat trading days due to the higher amount of races available. Once I have shown you the method that is required for loading the races into the bot for the system, (which requires the markets to be manually loaded) it then becomes easy to get used to the weekday / weekend trading times and the volume of races that are loaded into your bot.
Note: Running the system at the beginning of each day is good for consistency and routine and will aid you in getting results.
After you have downloaded and installed your bot and logged into it you will be presented with the opening screen shown below. Obviously you will need to register a Betfair account if you haven’t got one all ready.
This system requires us to manually load the entire days greyhound forecast markets into the bot. Make sure the bot controller drop down box has back/lay favourite bot selected and click on start.
Make sure the settings match the ones in the screen below and then press start.
• This will take us through to the back / lay favourite bot screen; click OK on the message that appears. We now have to manually load all of the days greyhound forecast markets into the bot; click on the add markets tab at the bottom left, then on the screen that appears click popular markets – greyhound racing – forecast betting. To begin loading the races start by clicking on the first race track in the list. In the example below this is Crayfd (FC)
• Click on each race separately in the green list and do this for each race. Once you have done this click back on the forecast betting tab (shown in the above image) and repeat the process for each racetrack and race of the day.
Note: Any options you click on within the select markets screen only take one click but sometimes need a couple of seconds to load the relevant information through the Betfair API.
• Once they are all loaded close the select markets screen and you are then presented with the screen shown below, it’s now time to change the relevant settings.
• Most of the required settings that you will have to replicate are shown in the above screen so change these to match this screen. I’ll go over the relevant settings in the next couple of pages.
Note: This is set up for a £100 bank roll in the Bot Settings section; take 20% of your bank to generate the required stake amount.
• There are also two further settings forms which I’ve labelled in the above image as 1 & 2. These only require a couple of settings to be changed, set those as shown on the two screens on the next page.
Note: Loss pot recovery and its extra settings are not required.
• Finally click save for these two settings boxes above and then hit resume. That’s it; the bot will then start to bet for you.
Note: The system will be further explained over the next few pages.
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Rundown Of Required Settings
Bot Controller:
● Simulation – off (for real money betting)
You don’t need any money in your account to run a simulation
Bot Settings:
► Time to place bets – 1m
► Lay bets with Lay to Liability – on
The liability stake is generated by taking 20% of your bank roll. I.e. 20% of £100
= £20 liability stake, at average lay odds of 14, average profit per trade would
be -
Note: the sum shown above to work out profit per trade is divisible by 13 as you
-
Profit / Loss:
► Max Profit – Set max profit margin as required.
I use safer more conservative levels of 5 or 10 %. So trading 6 days in a week, Mon to Sat with no loosing / break even days, would equate to around 30 to 60 % ROI in that week.
► Max Loss – set the bank roll amount as your max loss.
Note: See System Summary for more info.
Lay Prices:
► Max lay price – 19
► Min lay price – 1.01
Overround:
► Max back overround – 200
► Max lay overround – 20
The overround determines how good a price you are getting for the odds you trade. A tight overround isn’t necessary with this system though due to the higher odds we are trading and the volume that they are traded at. This is why the overround is kept extremely loose.
Runner Selection Rule:
► Random Runner – on
Randomises the boots runner selection within the back / lay odds range that you specify.
Back / Lay Favourites Settings Form:
► Place bot bet only if there is no my bet on that runner – on
Trades only the auto decisions which are generated by the bot settings.
► Number of runners – 25 – 40
► Always request lower (back) price and higher (lay) price – on
Will help to ensure all possible bets are matched.
Profit and loss settings:
► Pause bot when Max Profit / Loss reached – on
This setting is really down to personal preference and not important to the bot's selection process.
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Record Keeping
As I mentioned previously keeping records are important. Even though you can see your betting history in your Betfair account I will briefly show you how to export data within the bot to a spreadsheet.
To export the day’s markets that you have loaded into the bot into spreadsheet format just right click anywhere within the market data screen and select the Export To Excel option and save the data.
To view and save your betting history click on the view tab and select Bet History, within this screen select file and choose export and save the data.
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System Summary
The system works on the premise that you should hit (at least with more conservative max profit levels) your profit percentage often and usually very early on.
When you come into losses let the system run to cover them. You can let it carry
on to your profit target or close when you’re back on the break-
I have let this system run in the past many times, sometimes with 45+ winning results in a row. Also I’ve had some days that have been outright winners for the entire days’ trading with no loses at all, but there will still obviously be highs and lows.
It’s up to you to experiment further with the strategy and whether you try and go for the longer, massive positive streaks and higher profit percentages. This all in all is an excellent base for auto trading and probably more of a niche area to trade and experiment with.
Thanks for reading my eBook and good luck with all your bets and trading decisions.