I often see people looking for a good Betfair bot that would work on their mobile phones (iPhones, etc). Most of the existing Betfair bots are developed for Windows OS or Mac OS and there are few applications that would allow you to trade on Betfair from your phone. Moreover such mobile Betfair bots are usually limited in their functionality.
A good alternative for those who wants to use a bot on their phone is a website based bot. It is not an application that you download from Google Market or App Store, but rather a website where you can login from any device including computers, Android or Apple phones. In the same time it has all functions available in full power computer Betfair bots. You even don’t need to install this bot on your mobile, just open the website in browser.
Currently I am aware only about one such web based Betfair bot that can be accessed from a mobile phone, it is 5starbot (www.5starbot.com). If you know any other such Betfair bots, please let us know in the comments.
Today we propose and analyse another betting strategy often available in Betfair bots. The idea of this betting strategy is to wait until a favourite (in horse racing) or a trap (in greyhounds) hits certain number of wins in a row, then lay this trap or favourite. Another variation is to wait until a favourite loses several times in a row, then place a back bet on it. This strategy supposes that the same selection cannot win or lose again and again many times or at least the chance of this is small. For horse racing the strategy usually uses 1st favourite as selection. We will show you how to set this betting strategy up in 5starbot Betfair bot.
We will bet on greyhounds, placing lay bets on 1st trap when after it hits 2 winners in a row. We will attempt to place only one lay bet in the bot, then wait until next 2 winners in a row and so on. Below are options we use.
We enable the whole feature to make it active. We also tell the Betfair bot to be ‘Currently suspended’ from the start because we don’t place bets until it hits 2 winners in a row. Then we want ‘Suspend by meeting’ to count winners for each meeting (course) name separately, since it is more likely that the same trap or favourite wins twice on different meetings.
The bot has to ‘Resume (start) betting after’ 2 WON consequent bets. The bot has to ‘Suspend betting after’ 1 bet with ANY outcome, because we want to place only 1 lay bet and then wait until another 2 winners in a row.
In the 5star Betfair bot (or any other Betfair bot) we also need to load greyhound races with 1st Trap as selection. Actually you can choose any other trap number because it doesn’t have any difference. What matters is that certain trap should win twice. Also we need to tell the bot to place lay bets. To do that select a lay staking plan, for example, Lay Fixed Liability or Lay Level Stakes.
It is up to you to play with above parameters. For example, you can choose to place lay bet after 3 consecutive winners. Or to place Back bet after 2 consecutive losers. In the last case, change ‘Resume betting after’ from WON to LOST and change your staking plan to one that places Back bets.
We continue our Betfair bot strategies series with explanation of a very popular Stop at Winner (SAW) strategy. How it works?
- Bet until you hit a winner. Then stop for the day.
- If you hit a loser, the next bet tries to recoup the loss.
- Loss is cumulative, so if you hit 3 losers in the row, 4th bet will try to recover all that loss from 3 bets.
In Betfair bots you usually find this system under SAW, Martingale or Progressive (like in 5starbot) names.
If you play with this Betfair strategy, soon you will find that if you hit losers in a row, stakes size grows dramatically. Therefore it is recommended to have at least 100 or better 200 points in your bank to cover potential bet size.
Also to fight with fast growing bets, set Reset limit that will return to your normal bet size if specific number of losers are hit in a row. Max stake size also can help keeping your bets under a reasonable level.
Good point about this Betfair bot strategy is that with a good luck you can make fixed profit every day, if winners come more or less frequently. But remember that if you get many losing bets in a row it’s likely to bust your bank in one day.