Posts tagged betfair bot
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.
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.