but does Bet Software really make money for you?
An exchange betting bot is either a specially written software interface, or a spreadsheet (Excel), that aids in the automated trading of horse racing, football, darts, cricket and all other events Betfair covers.
Betting bots are nothing new, as similar software has been around for city trading for years. They use automated trading bots using ultra fast computers employing artificial intelligence (A.I.)
One such company is Novatechfx.com a forex and crypto trading platform, in which I invest to produce a regular income which generally equates to a 10% per month profit on my investment.
TIP: The UK government recently announced moves that it will recognise stablecoins as a valid form of payment as part of wider plans to make Britain a global hub for crypto asset technology and investment.
How to turn £1,000 into £1,011,609.86 in just 49 months
If you were to invest £1,000 on the Novatechfx trading platform and every week reinvest the interest your £1,000 will grow to £1,011,609 in 4 years 1 month.
See the compound interest calculation below or use this Compound Interest calculator to do your own calculation.
Start your investment off for as little as $99.00
At current rates that is equivalent to £78.74 which is probably less than your betting bank at your bookmakers.
Sit back and watch it grow fast with compound interest. In just 18 months your investment will have grown to $1025.12 (£815.00)
The video below explains how everything works and click this link to find out more about investing with Novatech.
I have now invested $4,000 and since 18 March 2022 trades have netted me $189.00 profit through automated trades. The ROI works out at 3.5% per week and I don't have to lift a finger as the trades are made for me.
There is however the facility for anyone to trade themselves.
You can remove your capital and/or profit at any time (after 3 months of joining).
There is a flat admin fee of $25 per month.
See below my earnings which I have reinvested every week - this results in compound interest.
For example I have $4,000 invested in the first month I will earn $520. In 2 years if I reinvest all earnings my capital will increase to $75,152.36.
TIP: I advise that you only invest what you can afford to lose as profits cannot be guaranteed.
Past performance is no guarantee of future profits.
However you can start trading with as little as $500 (£381.00) which is par for a newbie punters betting bank for betting on the horses.
See below a screenshot of my recent trading profits.
Please note that investing in forex and crypto currencies (as in betting on horses) is entirely at your own risk and you are advised to only invest what you can afford to lose.
If you have any questions on this then Contact Me.
There is also a Telegram users group 'Novatech Forex Passive' with currently 69 friendly and helpful members.
See below latest profits at 20 May 2022
The above video gives you a good idea of how the trading platform works for you. But what is really outstanding for me is how your profits increase when reinvested (known in the financial world as compounding).
The video below is a real eye opener and a must watch...
But it is only recently that they have been
used for sports betting.
Betting bots can be used for trading, hedging, dutching, arbing,
automatic betting, and much more.
It's been awhile since I first reviewd bet software on this website so it's timely to revisit the subject to see what advances have been made.
BF Bot Manager (for which there is a FREE 5 day trial) is recommended so I took the plunge and below I reveal my findings....
Bf Bot Manager has 2 versions of its bet software and each one is available for free trial which means you get 12 days of free trial in total.
Add-on bots are also available for free trial for 6 days. Just like any tale of fluctuating fortunes, this review of BF Bot Manager v2 has a beginning, a middle and a happy ending.
After Rade, the author of the software, kindly sends me the license keys the software downloads without fuss and I am soon up and running.
I am presented with a choice of bots that place and manage bets using the Betfair API and include horses, football, greyhounds, tennis etc :
Back/Lay favourites (horses) is my first choice as I know most about laying horses to lose and I choose to include the racing markets from UK & Ireland, Australia, USA and RSA - well might as well make a meal of it!
There are numerous settings that you can adjust and even some you are advised to leave well alone, unless you know what you're doing!
You can also choose the simulation mode to test your options
before parting with your cash. But you will have to have a funded
Betfair account before you can do anything, although this need not be
large, as stakes are accepted as little as £0.01.
As my trial license is only for 9 days I opt to use minimum stakes and leave all other settings on default.
Day 1 23rd August
The bet software places lay bets on the first or second favourite and after a fairly uneventful session I end the day with a £0.16 loss
Day 2 24th August I take the chance to read the manual on Back/Lay favourites and made the following changes to the settings:
Betting Bank £20
Use % Staking 0.5% = £0.10
Loss Pot Recovery 100%
I also try placing a user selection lay bet on one of the Irish horse races but fail to notice I need to press a place bet button. Next time I try this it works ok
A useful add-on function called BF Notes enables you to add notes to any horse and the program highlights your comments whenever the horse runs
As things are going well I increase the Recovery Stake option to £0.50 which adds this amount to the stake for a bet placed to recover losses. Nothing untoward occurs and I end the day with a £1.23 profit.
Day 3 25th August
I set the bet software up to run in the afternoon and let it run without interefence until mid evening by which time a profit of £2.82 is realised so I stop the horse lay bot and decide to try the soccer bot which starts by laying all matches for a draw, changing the settings to;
Hedge if price changes by 40% - max liability of hedge bet £2 and if no lay bet on the draw then back fav for £0.50 when price below 1.15
What you have to be aware of with the soccer bot is the fact that as matches run for a relatively long time, many bets can be running at once. I don't make anything running this bot so decide to stop further use of it
Day 4 26th August
Start bot before leaving for work as racing starts before I return around 2.30pm - check Betfair at work and no bets placed - check bot back at home and discover I forgot to click the Resume button which sets The bet software in action - doh! So there's a warning! Worth double checking everything when betting live on Betfair
Ran Horse lay favourite bot from 2.30pm to 10pm made £6.40 using 0.50% of bank, stakes generally 17p but loss recovery on of £0.50, so some stakes were £0.67 - excluded one race Lady Sledmore who I thought would win) by clicking the tick in the S column on the left of the markets page - see graphic above
I visit the forum and register - although you need to be confirmed by admin to post, you can search and read existing posts - seems to be quite lively with plenty of comment and owner is open to suggestions for improving The bet softwares systems. Rade the programmer plays a leading and active role responding to users requests and suggestions for improvements.
Day 5 27th August - when I open up the bet software I make this observation (Saturday - could encounter turbulence)
Started bot at 10.30am and first race picked up by bot at 10.50am RSA Vaal - after a long days betting I end the day reducing the profit on all horse bets to £0.11
Day 6 28th August
I realize after a small loss today that loss recovery needs careful management but there is plenty of advice on this in the forums. Many folks successfully run the bot without resorting to this facility
Day 7 29th August
I firstly turn off the loss recovery I am using. I then adopt a staking plan called D'Alembert and I end the day with a small loss of £0.07
Day 8 30th August
Today brings a new dawn - I discover Maria who is introduced to me somewhere on the forums and with Maria's staking plan taking over I move smoothly into profit again
The Maria staking plan (available in version 2 as one of several plans) has the following rules
stake 1% bank if price below 3.5 stake
0.60% bank if price below 7.4 stake
0.40% bank if price below 11.0
I also stipulated there should be a minimum of 8 runners for a bet to be placed
Much better day ending in a profit of £0.11 using minimum £0.01 stakes
The user who devised this plan went on to make over £11,000 profit in the first year
Day 9 31st August
Start software at 2.30pm and Bot runs smoothly, placing appropriate bets thanks to our new staking friend, Maria and the day ends with a comfortable profit of £0.48 using minimum stakes.
This is the last day of the trial as the license expires but with the discovery of how to properly regulate the use of BF Bot Manager I realize that good steady profits can be made and I look forward to renewing my license which as I mention previously is a one-off payment
Using the Maria staking plan it is possible to increase your bank on a daily basis by around 3% - so starting with £100 within 4 months your bank could be £4000+
This includes all future upgrades and improvements and you can get a FREE 5 day trial to the two versions of BF Bot Manager V1 £59.95 and V2 £99.95
Finally this what the author Rade has to say when I show him my review:
"I read your review and it seems fine to me. If you continue to use software and chat on forum I am sure that you will learn how all settings work and find several different other ways to use our bots.
In members section there are several test settings by other users, some are profitable and some are not.
Most users that use loss recovery have high strike rate, 90+% so that rarely they have two losses in a row."
Please feel free to publish this review.
Rade (BF Bot Manager Designer)
NB You can now get free tips placed automatically by BF Bot Manager v3