This month I will be making available to you, a piece of software in the form of a Betfair triggered spreadsheet that will place trades on horses at Betfair that you pre-select and subsequently will attempt to take some profit once the race has gone in-play.
I have tried to make the software as flexible as possible so that you can decide the parameters that make the decisions on when and how much profit to take in-play.
The spreadsheet works in conjunction with the Betfair betting exchange and the excellent betting assistant platform which can be downloaded for a 30 day free trial at: http:www.gruss-software.co.uk. The other pre-requisite is that you have Microsoft Excel.
As mentioned above, the software comes in the form of an Excel spreadsheet which can be downloaded at this location http://www.betting-school.com/membersonly/?p=2685, here you will also find detailed instructions on how to get the spreadsheet system up and running smoothly.
A brief summary of what can be achieved with this automated betting system is as follows:
A list of the horses for a particular race will be presented to you. At any time prior to the start of the race the user can flag up which horse(s) they want to trade on. The BACKING stake is populated into a box. Then the user can specify how they want to trade the horse once the race goes in-play at Betfair. There are two key parameters that the automated betting system needs to know about.
Firstly, the odds at which you want to take your profit at. This can be represented as a percentage of the initial BACK odds or the user can specify an exact odds value.
Secondly, the amount of money that you want to trade at the above mentioned odds. This can either be the same amount as your backing stake i.e. this will give rise to a “Free Bet” when matched or, alternatively, the automated system will automatically calculate the correct monetary value which would give rise to an equal profit regardless to whether the horse wins or loses. I.E. if this LAY trade gets matched in-play, it would effectively be “Greening Up” the position of the user.
Staking amounts below the minimum stake of £2 can be used, so the system can initially be used without too much exposure to your betting account.
Marc Chawner
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