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betting bots and associated things

Okay - so here we launch in to a brave new world - automated betting bots.

Let me tell you here that as at May 2011 I know two fifths of three quarters of diddly squat about betting bots other than what I have read from time to time on the web. To be frank, they scare me a bit as I take betting very seriously and the thought of giving control to a computer bot worries me greatly.

However, that being said, I do understand the value of Betfair and also understand the value of betting as late as possible in to the market. I assume that you do too. One of the biggest problems therefore is making sure you don't miss out on a sequence bet by being "too damned slow" in making the few keystrokes to get set. Now I am very familiar with internet betting but every now and again you type in the wrong amount or number or any other of a myriad of things and you then have to go back and correct and by the time you've done that they've jumped and, well, you can write the rest of story ..... doesn't matter how computer literate you are, that's just the way it is.

So if you have a set of criteria that are set in concrete are betting bots the solution to those "missed" opportunities? I read heaps of articles on forums about people getting bots and then disaster befalls them. From what I read though, it is always a case of rushing in and not understanding the settings you are using for the bot to operate on, never having a good test run of the programme before sending it out "live" - in other words, not reading or UNDERSTANDING the instruction manual. (Yes, just like DVD recorders. Go back. Read the instructions.)

From what I have read this more often than not is an issue in the area of arbitrage betting and not someone more using the bot to eliminate missed bets. There is also the issue that if you are betting on a seven day a week method and are working full time, how do you accommodate what you want to do with what you have to do?

A few weeks ago, one of our "regulars" communicated with me on just this subject. He uses a bot and is very very happy with it so I thought it worthy of investigation. Which started me off on this journey (yet to be completed). It would seem essential to me that if you are going to go down this path, make sure you understand that it is probably going to be a longish journey as you will likely be dealing with unfamiliar terms and issues that take a fair bit of thought and understanding. This is NOT a quick fix to your punting problems. Then again, as you would probably understand, short term solutions are NEVER successful in the long term.

Whichever way you choose to go with bots I strongly recommend that you look for a few things BEFORE jumping in. Make sure you get a free trial of this type of software so you firstly can ascertain that you can actually understand what it is you are trying to achieve. Remember, bots can ONLY act on the information that YOU put in to them and if you don't understand what you are doing, the bot will never live up to your expectations.

It is is imperative that any bot you buy comes with a test mode so you can set it up to test-invest on the horses you want to with your settings and test it to see if it would do what you hope it will. If there is no test mode DON'T buy it. You simply have to be able to test it FIRST before going "live". Any other option is not an option - it is a recipe for disaster.

It is also helpful if any bot package you buy also comes with inbuilt staking plans for you to play around with and for those who do work full time, make sure you can install the licence on more than one computer so that you can also put it on a lap top you may take to work with you as well. In the interests of educating all of us (me included) a bit better, if you do have some helpful thoughts on using these bots please drop me a line so I can publish it for the benefit of all.

© RaceRate.com 2011