Download 1. Gambling is inherently risky. You should

BetterBottrader
User Manual
DISCLAIMER
1. Gambling is inherently risky. You should carefully consider whether engaging in any kind of gambling is suitable for you in light of your
financial condition.
2. In general we recommend that only "risk money," that is money that you do not need for essentials like paying the rent or buying food, be
used for gambling. Even better start with an extremely low bank fund and build it from there. That way you will play with your winning money,
not your own.
3. Betterbottrader will not always be able to match all bets placed. This may be for a number of reasons, including the delay Betfair puts on the
in-play market, internet speed etc.This can lead to substantial losses. The risk of loss always exists in gambling.
4. No guarantees are made with regard to results or financial gain from using this product. All forms of betting carry some risk; it is up to the
individual to make informed decisions on bets made with or without assistance from this product.
5. Bets placed on the same account as the one being used by Betterbottrader, either manually or with other software can be affected by the
GREENING/HEDGEING feature of BetterBottrader.This can result in substantial losses.
6. Betterbottrader.com cannot be held responsible for any losses or wins incurred as a result of using the software we sell.
For all these reasons, your purchase and use of this software should be based upon your own due diligence and judgment on how best to use this
product. You should not view Betterbottrader product as responsible for any success or failure of your betting; we provide tools that you can use
to try to improve the success of your betting. Your decision to purchase and use our product should be based on your own due diligence, and not
on any representation that we make to you.
Article I.
CONTACT.
For any questions, assistance or enquires please contact us at [email protected].
Article II. CONTENTS
Article I.
CONTENTS
Introduction
5
Login to the BetterBotrader
3
5
Article II.
Main Screen of BetterBotrader 8
Article III.
Trading Strategies of the BetterBotrader
Section 3.01 Trading Strategies
Section 3.02 15
Section 3.03 Manual Trading 15
(a) Simple manual Betting 15
(b) 21
14
14
(c) Manual Greening of Bets (how to green up /hedge-up bets manually). 22
(d) Automatic Greening of Manual Bets
24
Section 3.04 Auto "Backing" the runners in the place market (In-play) 26
(a) Basic Auto backing
26
(b) Automatic Greening/Hedging of above back bet 29
Section 3.05 Auto "Laying" the runners in the Win/Place markets (In-play)
(a) Basic Auto laying
33
33
(b) Automatic Greening/Hedging of above lay bets 36
Section 3.06 Auto Backing the Win market favorite (In-play) 39
Section 3.07 DUTCH betting on the Win market (both in-play and pre-play)
Article IV.
43
Whole Market Greening47
WARNING, DO NOT USE THIS STRATEGY WITH ANY OF THE OTHER AUTO STRATEGIES.
Article V.
Additional Settings
Important notes.
62
59
47
Article III. Introduction
The Betterbottrader is designed to make trading on the U.K. and Australian horse racing market as simple as possible. This can be done either manually,
automatically, or both at the same time. You can bet as low as 0.01 in whatever currency you use on Betfair, so you can test different strategies with little
risk.
Article IV. Login to the BetterBottrader
Please enter your Betfair username, Betfair Password in the appropriate boxes. Also please enter the BetterBottrader serial number that you get when you
buying the software.
Please note, we are not storing your Betfair password anywhere in our databases and you don't have to worry about it at all. We do the authentication
based on the unique serial number given to each of the BetterBottrader users.
If you have entered the above details correctly (valid Betfair account details and a valid serial number), then you will get the below main screen of
BetterBottrader.
Article V.
Article VI. Main Screen of BetterBottrader
The next thing that you will need to do is to select the market that you wish to begin to trade on using the BetterBottrader, from the quick pick list which is
located at the top left hand side corner of the main screen. If you select the market, then all the corresponding Win and Place market data will be loaded as
shown in the below picture. Win market will be at the left hand side while the Place market will be at right hand side. After the initial selection of the
market, BetterBottrader will automatically load the next races once the current one is finished.
Current balance and the available balance of both UK and Australian wallets (if you have one) will be shown at the top right hand side corner. The remaining
time for the scheduled start time will be shown in red color just below the account balances. Current Profit/loss generated from BetterBottrader will be
shown in between the above two values.
Also you will be able to see the time that each race is estimated to take in seconds, just in front of the market name in the quick pick list. This can be
changed to any time you wish by clicking on the box and adding your settings.
You will see a "Start" button in the middle, which should be pressed whenever a new strategy is configured and is needed to run. By pressing “Quit"
button, you can simply close the BetterBottrader.
"Reset Parameters" button is for resetting all parameter (input) values and restart the BetterBottrader functionality.
"Cancel All Bets" button is for cancelling all the unmatched bets at once.
"Test" button under "Tone settings" is there for testing the audio alert after setting required parameter values. This audio alert will be played when the
currently selected (loaded) market goes In-play.
When the market turns in to "In-play”, the main screen will be changed as shown in the below Screen Shot. The first three favorites of both win and place
markets will be highlighted in red, yellow and blue colors respectively. Also you will hear an audio alert at the instance when the market is turned to in-play.
You can customize this audio alert using the "Tone Settings” which comes under "General" tab.
Article VII. STAKING
The Betterbotrader is designed to be able to bet below the Belfair minimum bet size. Just type in whatever bet size you wish to use in the stake boxes.
WARNING: Betting below the Betfair minimum takes 4 times as long, so is not recommended for use in –play. Bets below Belfair minimums is a 4 step
process which initially bets the full minimum Betfair stake which if there is not enough time left in the race can result in bets being made at that full stake
size. Bets can get matched late at far different odds than were initially bet on, which can lead to large losses.
Other factors that may contribute to bets not being matched in-play are the Betfair delay placed on in-play bets, slow internet speed, low liquidity etc.
Article VIII.
TICKS.
Odds and Ticks
Betfair odds (prices) are not continuous and they are discrete and have predefined steps as given in the below table.
Price Range
Step
Sample Valid Prices in the Range
Sample Invalid Prices in the range
1.01- 2.00
0.01
1.01,1.02,1.03 , 1.55,1.88 , 1.96..etc
1.015 ,1.255,1.374,1.687,1.852,1.987…etc
2.00 - 3.00
0.02
2.02 , 2.04 , 2.22 , 2.88 , 2.98..etc
2.01 , 2.03 , 2.11 , 2.57 , 2.67 , 2.99..etc
3.00 -4.00
0.05
3.05 , 3.25 , 3.65 , 3.85 , 3.95..etc
3.01 , 3.02 , 3.03 , 3.14 , 3.63 , 3.89..etc
4.00 -6.00
0.1
4.1, 4.3, 4.7, 4.8, 5.0, 5.5, 5.9..etc
4.15, 4.21, 4.38, 4.57, 4.55, 5.25..etc
6.00-10.00
0.2
6.2 , 6.6 , 6.8 , 7.0 , 7.4 ,8.6 ,9.2 , 9.8..etc
6.1 , 6.5 , 7.3 , 8.9 , 9.1 ,9.5 , 9.7..etc
10.00 - 20.00
0.05
10.5 , 11.0 ,12.5 , 13 , 15 .5 , 16 , 16.5..etc
10.1 , 11.2 , 12.3 , 12.4 , 15.8 , 16.9 , 19.6..etc
20-30
1
21 , 23 , 24 , 25 , 27 , 28 , 29..etc
20.5 , 21.7 , 22.3 , 25.9 , 26.6..etc
30-50
2
32, 34 , 38 , 42 , 46 , 48 , 50..etc
31 ,33,35,37,,39,41,43,45,47,49..etc
50-100
5
55 , 60 , 65, 75,85,90,95..etc
51 , 52 , 53 , 54, 61 , 73 , 84 , 91 , 93 …etc
100-1000
10
110 , 120 , 130 ,250 , 370 , 480 , 640 , 960..etc
101, 105 , 209 , 304 , 465 , 587 , 655 , 794 , 837 , 983..etc
So , we can see that only a limited number of price values are valid while most of the intermediate values are invalid. So if we try to place a bet on an invalid
price (E.g. : price = 127) , then betfair will return an error saying "Invalid Price" .
Let's say we want to green a matched lay bet by placing a back bet. If we are waiting for a increase of the price by 0.60 and then to place the greening bet,
following will happen...
If the matched price of the lay bet is between 1.01 to 2, then we will get a valid price for placing the greening bet.Eg: if the lay bet matched at 1.19, then we
can place the back bet at 1.19 + 0.60 = 1.79.
If the matched price of the lay bet is between 2 to 3, then we will get a valid price for placing the greening bet...Eg: if the lay bet matched at 2.22, then we
can place the back bet at 2.22 + 0.60 = 2.82
But, If the matched price of the lay bet is between 10 to 20, then we will NOT get a valid price for placing the greening bet...Eg: if the lay bet matched at
11.5, then bot will try to place the back bet at 11.5 + 0.60 = 12.1 which is an invalid price.
If the matched price of the lay bet is between 20 to 30, then also we will NOT get a valid price for placing the greening bet...Eg: if the lay bet matched at 35,
then bot will try to place the back bet at 25 + 0.60 = 25.6 which is an invalid price.
Ticks
Because of above limitation, people have introduced "ticks" as a solution. A "Tick" refers to the actual price steps. Please refer below graph to see how ticks
corresponds to relevant prices.
Price Range
Step
Number of Ticks
Value of a one tick in this range
1.01- 2.00
0.01
100
0.01
2.00 - 3.00
0.02
50
0.02
3.00 -4.00
0.05
20
0.05
4.00 -6.00
0.1
20
0.1
6.00-10.00
0.2
20
0.2
10.00 - 20.00
0.5
20
0.5
20-30
1
10
1
30-50
2
10
2
50-100
5
10
5
100-1000
10
90
10
Ticks are integers and have values from 1 to 350 . Ticks are generally used to measure a price differences irrespective of the size of the price.
Let's say we want to green a matched lay bet by placing a back bet. If we are waiting for a increase of the price by 5 ticks and then to place the greening
bet , following will happen..
If the matched price of the lay bet is between 1.01 to 2, then we will get a valid price for placing the greening bet..Eg: if the lay bet matched at 1.19, then
we can place the back bet at 1.19 + 5ticks = 1.24 (as a tick refers to 0.01 in this range).
If the matched price of the lay bet is between 2 to 3 , then also we will get a valid price for placing the greening bet..Eg: if the lay bet matched at 2.22, then
we can place the back bet at 2.22 + 5ticks = 2.32. (As a tick refers to 0.02 in this range)
If the matched price of the lay bet is between 10 to 20, then also we will get a valid price for placing the greening bet...Eg: if the lay bet matched at 11.5 ,
then bot will try to place the back bet at 11.5 + 5ticks = 14 which is a Valid price.. (As a tick refers to 0.5 in this range)
If the matched price of the lay bet is between 20 to 30, then also we will get a valid price for placing the greening bet...Eg: if the lay bet matched at 25 ,
then bot will try to place the back bet at 25 + 5ticks = 30 which is also a valid price.. (As a tick refers to 1.00 in this range)
Hope above examples are sufficient to understand the use of ticks for measuring price differences.
Article IX. Trading Strategies of the BetterBottrader
A different set of independent trading strategies (which are proven as profit making strategies) are supported by the BetterBottrader either In-play or preplay. These trading strategies are initiated by placing bets (manually or automatically) as per the below list. After these initial bets, BetterBottrader will
automatically place relevant bets related to trading, according to the defined "greening/hedging" configurations.
Section 9.01
Trading Strategies
Manual trading (both in-play and pre-play.)
Auto "Backing" the runners in the place market (In- play)
Auto "Laying" the runners in the Win/Place markets (In- play)
Auto Backing the Win market favorite (In-play)
DUTCH betting on the Win market (in-play)
We will describe each of above trading strategies with relevant screen shots in the coming chapters.
Section 9.02
Manual Trading
(a) Simple manual Betting
If you want to place your bets manually, you can do so with a single click, then " BetterBottrader " is designed to help you to make your manual
betting task very convenient (with one click betting feature...etc). First you should go to the "Advanced" tab and there you will see a box "Manual Bet
Settings”. You can specify the Back and Lay stakes that you need to use for your manual bets there. Then you can click on whatever horse in whatever the
markets (either Win or Place) with whatever the price, Bot will immediately place your bet on that horse, at that price. If you need to change the price and
stake of the bet, then you can tick the "Confirm Bet" tick box, which is located at "General" tab. With "Confirm Bet" ticked, you will always get a
confirmation box to change/verify your price and stake of the manual bet. If you press OK, then bet will be placed.
Where to set Stakes for Back and Lay
How to set "Confirm Bet"
Below Screen Shot will show how the "Confirm Bet" box appears for a Back bet and a Lay bet.
This is how it shows a placed unmatched bet.
This is how it would look when the above bet is matched
(b)
(c) Manual Greening of Bets (how to green up /hedge-up bets manually).
Once you have placed your bets manually as described above , and if you want to green-up or hedge-up your bets manually at any time , you can
simply click the green color button (which is next to the yellow color button that shows current profit and loss of a runner) as shown in the below picture. If
you move your mouse pointer on to this green color button, you will be able to see the possible profit amount (in green color ) or possible loss (in red
color) amount so that you can decide whether you should press the button ...etc ( Also you can wait by looking for a better value for best time to green
manually ).
(d)
(e)
(f)
(g) Automatic Greening of Manual Bets
If you need BetterBottrader to automatically green up or hedge-up a manually placed bet, you can do it very easily by using the "Individual
greening/hedging" feature. By doing so you can ensure either a guaranteed profit (if greened) or a less risky distributed loss (if hedged) .To do these"
greening - hedging" configurations you should go to the "Greening " tab. Then go to individual greening/hedging box and set the values as described below.
Tick "Allow Greening" checkbox to allow BetterBottrader to try to green automatically.
Enter an integer value for "Take profit Ticks" , which is the number of tick difference (with reference to the initial bet)of the price on which
BetterBottrader should place the take profit bet in order to green the transaction. (E.g. 5 ticks )
Tick "Allow Hedging" check box, if you need BetterBottrader to hedge the bet if the prices move against you
Enter an integer value for "Stop loss Ticks" , which is the number of tick difference (with reference to the initial bet price)of the price on which
BetterBottrader should place the "Stop Loss" bet in order to hedge the transaction. If the price of the horse increases more than this number of
ticks BetterBottrader will place this stop loss (hedging) bet. (E.g. 10 ticks )
Below is a sample configuration of Individual greening and hedging
Section 9.03
Section 9.04
Auto "Backing" the runners in the place market (In-play)
(a) Basic Auto backing
In this trading strategy what we are trying to do is to place a back bet on the place market when the market is in-play for a defined percentage of the time
that it is estimated it would take race to finish. We can select either the win or place market in-play favorite (if different) on which to place the bet.
To run this strategy, you will have to set below settings on the bot.
In the" General" tab please add/set below values
Enter the required value for "Min Odd for back" (E.g.: 1.15)
Enter the required value for "Back Start time %" which is the time percentage at which bet is triggered (E.g. : 20)
Enter the required value for "Stake for Back" (E.g. : 0.25)
Tick "Allow Auto Back" tick box. If you want to place the bet on the Place market favorite, then tick the box "Place Market Fav”. Otherwise
bet will be placed on the Win market favorite in the place market.
After doing the above settings you should press the "Start" button. Then the color of the Start button will be changed to "green" and BetterBottrader will
start monitoring the market. Once the market turns to in-play it will wait for the defined percentage of the race time and then will place the back bet
automatically in the place market on either the Win or Place market favorite according to your selection. The bot scans the market and waits until there are
only 5 horses under the decimal odds of 20.0 if there are 8 runners or more, or 3 under 20.0 if there are less than 8 runners. It will then put a back bet on
the in-play favorite in the place market.
This is how the settings are entered for the above strategy.
This is how BetterBottrader places back bet automatically on Place market.
(b) Automatic Greening/Hedging of above back bet
If you need BetterBottrader to automatically green up or hedge-up above back bet, you can do it very easily by using the "Individual
greening/hedging" feature. By doing so you can ensure either a guaranteed profit whichever horse wins (if greened ) or a lesser distributed loss (if hedged)
if the selected runner prices move against you .To do these" greening - hedging" configurations you should go to the "Greening " tab. Then go to individual
greening/hedging box and set the values as described below.
Tick "Allow Greening" checkbox to allow BetterBottrader to green automatically.
Enter an integer value for "Take profit Ticks" , which is the number of tick difference (with reference to the initial bet)of the price on which
BetterBottrader should place the take profit bet in order to green the transaction. (E.g. 5 ticks )
Tick "Allow Hedging" check box, if you need BetterBottrader to hedge the bet if the prices move against you
Enter an integer value for "Stop loss Ticks" , which is the number of tick difference (with reference to the initial bet price)of the price on which
BetterBottrader should place the "Stop Loss" bet in order to hedge the transaction. If the price of the horse increases more than this number of
ticks BetterBottrader will place this stop loss (hedging) bet. (E.g. 10 ticks )
Below is a sample configuration of Individual greening and hedging
Below Screen shot will show you, how BetterBottrader will try to auto green the above back bet by placing an automatic lay bet at price 1.14 (which is 5
ticks from the initially matched back price , which is 1.19 ) .
Unfortunately as the prices move against, this is how BetterBottrader will cancel the previous take profit bet and place a stop loss bet. Stop loss bet was
placed originally at price 1.30 (when the prices increase more than 10 ticks) and it was matched at price 1.26 as shown in the screen shot below.
Section 9.05
Auto "Laying" the runners in the Win/Place markets (In-play)
(a) Basic Auto laying
In this trading strategy what BetterBottrader would do is to lay the horses that are less likely to win. For selecting less probable horses it will use
some complex internal logic. The user has the option of placing lay bets either in the Win market or place market or on both the markets.
Below are the relevant settings for this strategy.
In the" General" tab please add/set below values
Enter the required value for "Max Odd for lay" (E.g.: 200 )
Enter the required value for "Max Liability for lay" (E.g.: 4 ).If you wish to just place a lay bet without Max Liability, then leave this box
blank and instead put your chosen stake in the Stake for lay box.
Enter the required value for "Lay Start time %" which is the time percentage at which bet is triggered (E.g. : 10)
Tick "Allow Auto Lay" tick box. Tick the other check box "Win Market" if you need to place lay bets on the Win market. Or if you want to
place Lay bets on the place market then tick “Plc Market" check box. If you wish to place bets on both the markets, then keep both the
boxes ticked.
If you click on the Advanced tab you will see an option called “Check available amount on back and lay side”. If ticked this will stop bot
laying a horse with double the available money on the lay side compared to the amount available on the back side.
After doing above settings you should press the "Start" button. Then the color of the Start button will be changed to green, and BetterBottrader will
start monitoring the markets. Once the market turns to in-play it will wait for the defined percentage of the in-play time and then will look to place the lay
bets automatically on the Win/Place markets.
Below is a screen shot of a sample configuration for your references.
This is how BetterBottrader places Lay bets automatically on Win market as per the above configurations.
(b) Automatic Greening/Hedging of above lay bets
If you need BetterBottrader to automatically green up or hedge-up above lay bets, you can do so very easily again by using the "Individual
greening/hedging" feature. By doing so you can ensure either a guaranteed profit whatever the runner wins (if greened) or a lesser distributed loss if the
hedging is triggered.
To do these" greening - hedging" configurations you should go to the "Greening” tab. Then go to individual greening/hedging box and set the values as
described below.
Tick "Allow Greening" checkbox to allow BetterBottrader to green automatically.
Enter an integer value for "Take profit Ticks" , which is the number of tick difference (with reference to the initial bet)of the price on which
BetterBottrader should place the take profit bet in order to green the transaction. (E.g. 5 ticks )
Tick "Allow Hedging" check box, if you need BetterBottrader to hedge the bet if the prices move against you
Enter an integer value for "Stop loss Ticks" , which is the number of tick difference (with reference to the initial bet price)of the price on which
BetterBottrader should place the "Stop Loss" bet in order to hedge the transaction. If the price of the horse decreases more than this number of
ticks BetterBottrader will place this stop loss (hedging) bet. (E.g. 10 ticks )
Below is a sample configuration of Individual greening and hedging
Below Screen shot will show you how BetterBottrader will try to auto green the above Lay bets by placing automatic back bets.
Section 9.06
Auto Backing the Win market favorite (In-play)
In this strategy BetterBottrader will place an automatic back bet on the Win market favorite at the instance, when the market turns to in-play. After
placing the Back bet, BetterBottrader will continuously monitor the market and then will do greening /hedging as per the configuration set by the user.
Below are the relevant settings of this strategy. You will need to go to the "Advanced" tab for doing these configurations. There you will see a separate box
called "Win Market Favorite trading”
Please add/set below values
Tick the check box "Allow Win-Market favorite trading" to enable the strategy.
Enter the required value for "Max Odd for Back" (E.g.: 6 )
Enter the required value for "Min Odd for Back" (E.g.: 1.15 )
Enter the required value for "Stake" (E.g.: 1.5 )
Tick "Allow Greening" checkbox to allow BetterBottrader to green automatically.
Enter an integer value for "Take profit Ticks" , which is the number of tick difference (with reference to the initial bet)of the price on which
BetterBottrader should place the take profit bet in order to green the transaction. (E.g. 6 ticks )
Tick "Allow Hedging" check box, if you need BetterBottrader to hedge the bet if the prices move against you.
Enter an integer value for "Stop loss Ticks" , which is the number of tick difference (with reference to the initial bet price)of the price on
which BetterBottrader should place the "Stop Loss" bet in order to hedge the transaction. If the price of the horse increases more than this
number of ticks BetterBottrader will place this stop loss (hedging) bet. (E.g. 11 ticks )
After doing above configurations then please press the "Start" button
Below is a screen shot which will show the above sample configuration
Below Screen shot will show how the BetterBottrader places the auto back bet on the market favorite.
Below screen shot will show how the greening is done for the above back bet
Section 9.07
DUTCH betting on the Win market (both in-play and pre-play)
In this Strategy BetterBottrader will do DUTCH betting on the Win market according to the settings set by the user. In order to do the configurations related
to DUTCH betting, you have to go to the "Dutching" tab?
Below are the relevant settings of this strategy.
Please add/set below values
Tick the check box "Allow Dutch Betting" to enable the strategy
Enter the required value for "Expected Profit" (E.g.: 0.5 )
Enter the required value for "Time %" which is the time percentage at which DUTCH bets will be triggered (E.g.: 10 )
Enter the required value for "No. of Horses" which is the number of horses on which bets are placed to yield above expected profit (E.g.:
3)
Enter the required integer value for "Gap with next Horse" , which is the tick difference between the highest priced horse who is selected
for dutching and the horse next to it , who is not selected for dutching. This is to ensure that one of the selected horses have a higher
chance of winning the race (E.g.: 5 ticks).
Enter the required value for "Max Liability" which will be the maximum liability of all Dutch bets(E.g.: 0.5 )
Tick the checkbox "Allow Hedging" if you need to hedge a horse if the price increases beyond a certain tick difference, which is defined as
"Number of Ticks” just below the checkbox.
After setting above values please press the start button.
Below is a sample configuration of DUTCH BETTING?
Below screen shot will show how the DUTCH bets are placed on the market, after monitoring for a while.
Below screen shot will show a hedging bet placed by the BetterBottrader as it has found that price of one of the selected horse for dutching is increasing.
Article X. Whole Market Greening
This is a special feature provided in BetterBottrader to facilitate users to green/hedge the whole market at once. BetterBottrader can be configured
so that it can do the "Whole market greening" automatically for you. Otherwise you can simply green/hedge the whole market just by pressing a button.
Expected profit will be shown to you, so that you can decide when to press the button, in case you want to green up/hedge out manually. Below given
Screen shot will show you how BetterBottrader will show the expected profit if you do the "whole market green" at that instance.
In order to green the Win market manually, what you need to do is to press the "Green Up now” button which is in the "Greening/Hedging Win Market”
box. Then BetterBottrader will place all relevant bets automatically and will try to green the market for you.
If you need BetterBottrader to green/hedge Win market for you automatically, then you can configure it as follows
Please add/set below values
Enter the required value for "Tick Offset" , which will be used to determine the price of greening bets (E.g.: 0 )
Tick the check box "Allow Auto greening" for enabling the whole market greening and then set the "Expected profit" at which
greening should be triggered. (E.g. 0.2). If you need BetterBottrader to auto green even while the race is in-play , then tick the
check box "Allow In-play"
Similarly, tick the check box "Allow auto hedging" to enable the whole market hedging and then set the "Max allowed loss" at
which hedging should be triggered. (E.g. 0.1). If you want BetterBottrader to auto hedge while the race is in-play, then tick the
check box "Allow In-play”. In case of in-play hedging, you can specify the "Time %”, so that hedging will be triggered after reaching
that time (E-g 80%)
Article XI. WARNING, DO NOT USE THIS STRATEGY WITH ANY OF THE OTHER AUTO STRATEGIES.
Below is a sample configuration for an Automatic Greening of whole market.
This is how Auto greening bets are placed
WARNING, DO NOT USE THIS STRATEGY WITH ANY OF THE OTHER AUTO STRATEGIES
Article XII. SYSTEM TO USE WITH WHOLE MARKET GREENING.
This is a system I like to use that involves trading before race start. To use it you need a basic subscription to the Racing Post. Before the racing begins for
the day look at each race in turn. Click on the selections tab near the bottom of each race card. We are looking for a horse that at least 50% of the
newspaper tipsters have tipped.
We then look at the race card and look to see if the horse has the highest or second highest Racing Post Rating (RPR).Please see screenshot 1.
We now go to the When you click on the name of any horse in the win or place market a Price over volume graph will appear for that horse. We do this
about 10 minutes before race start; this is because about 80% percent comes into the market in the last ten minutes before race start. We are looking for
the graph to show us a downward trend of the horse’s odds in the last 20% of the graph. Please see screenshot 2.
If the graph looks O.K. we set up the green up whole market parameters as mentioned previously. We now put a back bet on the horse in the win market.
Please see screenshot 3
Screenshot 4 shows the odds moving in as we expected
In screenshot 5 the momentum of the backing of the horse is slowing, if you were monitoring this trade it would be a good time to green up using the win
market green up button.
In screenshot 6 the Bot auto greens up the market as the race has reached the scheduled start time and we have not clicked on the allow in-play boxes. The
odds often start drifting out just before race start as all the lay bettors start placing there bets.
TIMED BETS.
Timing bets.
This option allows you to place bets hours in advance of race start.You can place back or lay bets and have a Green up/hedge out option.
To use this feature please click on the Timing Bets tab.
Select the race you wish to place a bet on.
A, Market Type-Select Win or Place
B, Horse Name-Click on the drop down menu and select the horse you want to bet on.
C, Time of Bet-Take a look at the time to race start,subtract the time you wish to place the bet from the schedueled time to start and input the amount into
the Time of Bet parameter box. E.g a race is due to start in 1 hour and 25 minutes and you want to place a bet 2 minutes before race start- 85 minutes
minus 2 minutes so you enter 83 minutes.You can select minutes or seconds
D, Type of Bet-Back or Lay
E, Max Stake-The amount you wish to bet on the horse.If you selected the Lay option it becomes Max Liability.
F,G, Min Odds the selected horse must be for the bot to place a bet., Max Odds the selected horse must be for the bot to place the bet.
H, Greening/Hedging option,please note the same settings will be applied to all timed bet selections.,When you set all the parameters for that selected
horse press
J, Press the Place Timing Bet button.
You can then select another horse and/or race and begin the process again.
Article XIII.
Additional Settings
User can configure BetterBottrader to stop betting upon reaching any of the below conditions or any combination of them.
If the defined maximum profit is reached.
If the defined maximum loss is reached
If the defined time (in minutes) expired.
You can do above configuration as follows.
Please go to the "General" tab and there you will see a box called "Stop Betting At”. In that box, you can enable any of the above limits by ticking the
appropriate tick box and enter desired value/values for the given boxes for parameter values such as "Max profit”, "Max Loss” and "No. of Minutes" .
Below is a sample configuration which has enabled all above three limits. When more than one limit is active, then BetterBottrader will stop betting upon
reaching any one of the limits.
SAVE SETTINGS.
If you wish to save your settings for the next time you wish to use the bot please press the Save Settings button
To remove the saved settings press the Reset Parameters button and then the Save Settings button to save this new configuration.
PAID A.P.I. OPTION.
The Bot can be used with the Belfair personal paid A.P.I. This makes the Market refresh rate a lot faster. If you would like more information about the
paid A.P.I please go to: http://bdp.betfair.com/index.php?option=com_content&task=view&id=30&Itemid=45
Article XIV.
Important notes.
You can use the Auto back, lay, Dutch, and Individual green-up settings at the same time. However it’s important to give each of the in-play strategies a
different “Start Time” so as not to overload the Betfair A.P.I.
Please don’t use the auto “Green/Hedge Win Market” with any of the other auto strategies. They will work against one another.
The bot was designed to “scalp” the in-play market, aim to win 1 or 2 points and then stop for the day.
I would advise using no more than 2% of your betting bank as a stake on each trade.
When betting with a stake lower than the Betfair minimum, the process can take up to 4 times longer.
When conditions are soft, heavy. , etc., or the going is firm and fast, remember to adjust either you race percentage time to bet trigger or race time
accordingly.
As stated in the Disclaimer, the bot will not always be able to match bets placed either manually or automatically. This can result in substantial losses.
The Hedging/Greening feature can affect other bets placed on the same account, either manually or with other software. This can result in substantial
losses.
Sometimes races can be delayed, please be aware that the bot will not Auto Scroll to the next race until the present race market is completed. This can lead
to some races being missed.
Get your Bot click on the link below
www.betterbottrader.com
Support please email. [email protected]
Cheers
Steve and Richard