The back bets are put into the market at x ticks under lay side OR at Betfair Starting Price (SP).
The user can also add weight to the 3 readings and final ratings by nominating a loading factor to each reading depending on their importance, as determined by the user.
Four choices from the most important reading to the least important reading are as follows – Highest, High, Average and Low. So if you think the last reading is more important in the market movements then you can weight this reading higher than the other readings to give more importance to the final selection criteria. The same can apply to the first market reading or middle market reading if you believe there are more important market indicators at that time period.
Generally 80% of the pool usually comes into the market in the last 2 minutes of betting. Readings are taken during the 3 snapshots and are weighted according to these settings and are formulated to form a final rating which helps determine the bet or bets in the selected markets.
You can select the number of dogs to bet on that qualify from one dog upwards. For Dutch betting, you can also select from 1 dog upwards.
You can select the bet type you require and your stake. At present the bot allows bets from 1/2 to 50 times the Betfair minimum stake in your country’s currency. The stop profit, stop loss functions are based on the bet amount. They are a multiple of the bet amount.
Race Filters allows you to select which track you wish to avoid, along with the min and max number of runners in a race and the odds range your selections need to be within to qualify for a bet.
6 pre-installed systems are delivered with the bot and you can create an unlimited numbers of systems. We will provide regularly new systems that best suit the current period of the year.
Once your system is set and the day’s races are loaded then the bot looks for selections that meet your criteria. If more than one dog qualifies then the bet is placed regarding to the “Order preselections” option you selected.
For example, if you select “-/+ Back Price (def.)” (selections are this case ordered from the lowest price to the highest one), and if you have 3 dogs that qualify but you only have selected one dog to bet on, then the system will always bet on the closest runner to your minimum price requirement regardless of the rating. It may well be the lowest rated dog from the three qualifiers.
Scanning Times & Weighting
3 Betting Modes are available:
- Odds Rating (default)
- The ratings are based on ODDS movements
- Volume Rating
- The ratings are based on VOLUME movements
- Both Ratings (Odds and Volume Ratings)
- The ratings are based on ODDS and VOLUME movements
Scanning times are set to take snapshots of the betting market (in increments of minutes before the race start time). Typically 3 snapshots can be taken and the bot uses the difference between each dog’s price to formulate the final rating. The snapshots used in the rating configuration are time 7 to time 5, time 5 to time 3 and time 3 to time 1. You can reduce the number of readings to 2 or 1 by setting the same time in the scanning times. See below where in Australia I only use 2 scanning readings. You can put weighting into the ratings by selecting from the drop down box to select Highest, High, Average or Low. If you believe the last scan is the most important indicator in a race then you would select highest for this reading if not you have 3 other choices from high to low.
Scans 2, 4 and 6 are just scans to provide on screen updates of the race. If you are not sure how you should weight the rating for each scan, then simply set them all to highest.
Selection’s Odds Rating range
Typically experience tells us somewhere between 50 and 150 to be the optimum setting. After paper trading for a few weeks (which is what we recommend) you can examine your results and modify this value to best suit your system.
Selection’s Volume Rating range
Typically experience tells us that rating over 500 to be the optimum setting. After paper trading for a few weeks (which is what we recommend) you can examine your results and modify this value to best suit your system.
Selection’s Volume (%)
Here you can set a percentage of the amount of money that is traded on a dog before a bet is considered. You can set this to 0 and 100 to ignore if you wish to ignore this criterion. Money traded will differ greatly from the UK to Australia as will country to city meetings.
Minimum 1st Favourites back price
Set the minimum odds the favourite needs to be before a bet in the race is considered. This is generally set at 2.0. So any race where the favourite is shorter than 2.0 the bot won’t place a bet.
Minimum 2nd Favourites back price
Set the minimum odds for what the second favourite needs to be before a bet in the race is considered. It is generally set at 3.0. So any race where the second favourite is shorter than 3.0 the bot won’t place a bet.
If your system is aimed at betting on favourites that are market movers then you would probably have these two settings very low, even the same e.g. 1.40.
By ticking the (Unless 1st favourite is the highest rating box), the bot will ignore the favourite rules if the favourite is the highest rating and will place a bet on the favourite only if all the other criteria matches. You should only tick this box really if your system is aimed at backing short priced runners.
Ignore favourite rule if the dog rating is greater than…
You can still back a dog that rates highly by ignoring the favourite rules and setting the minimum rating value here that the dog must be. By default we have set this rule to engage at 150. If you want to ignore this rule altogether then don’t tick the box.
No bet if more than X dogs are rated over X
This rule stops bets being placed where the market is confused and too many dogs rate highly. So as a guide it won’t auto bet in a race where more than 3 dogs rate over 75. If you want to ignore this rule altogether then don’t tick the box.
Use of Tips
If you do not import tips OR if you want to bet on the greyhounds selected by the bot AND on all your tips, select the first option “Bet on Selections+All Tips”. If you want to bet on the greyhounds selected by the bot AND on the tips that match the rating conditions, select the second option “Bet on Selection+Tips that match the conditions”. Finally, if you only want to bet on tips that match the rating conditions, select the third option “Bet on Tips that match the conditions”.
Order preselections by (used during the betting process)
If you select “-/+ Back Price (def.)”, the pre-selections will be sorted from the lowest back price to the highest one. For example, if 3 dogs are preselected and the maximum of bets per race is set to 2, the bot will place a bet on the 2 selections that have the lowest odds.
Maximum number of selections/bet per race
You can select the maximum number of qualifying dogs you want to bet on in a race by entering a value from 1 upwards. If you want to ignore this rule altogether then don’t tick the box.
The odds of the selections are: 2.4, 3.2 and 5.6:
We calculate like this: 100/2.4 + 100/3.2 + 100/5.6 = 41.66 + 31.25 + 17.85 = 90.76%
If the max Dutch back book% was set to 75%, there is no bet.
Tick this box if you wish to use this feature and set the max %. We set this at 50% for Dutch betting.
Select your bet amount and type of bet from the two drop down boxes. Here you can select Dutch amounts to win or Dutch amounts to lose along (win markets ONLY). If you select Dutch to lose, then the bot will place $20 worth of bets on the qualifying dogs. If you select Dutch to win, then the bot will place a sufficient amount of money on each selection to try and win $20 on the race.
You can place the bets at x ticks below the lay price in case of a back bet, or x ticks above the back price in case of a lay bet. If you prefer, you can place the bets at BSP.
If you tick this box, then enter a number that will represent a multiple of your bet amount that will be used to calculate a value for the bot to stop betting when that amount of profit is reached. So if I am betting in $20 amounts and I enter 5 in the box, the bot will automatically stop when a profit exceeds $100 ($20 x 5).
If you tick this box, then enter a number that will represent a multiple of your bet amount that will be used to calculate a value for the bot to stop betting when that amount of loss is reached. So if I am betting in $20 amounts and I enter 5 in the box, the bot will automatically stop when a loss exceeds $100 ($20 x 5).
If you tick the trailing stop loss, then the bot will always stop betting after the same amount is lost but it will follow any earlier profits before stopping.
For example if you reach $80 profit early on and then have a bad run the trailing stop loss function will stop the bot betting if you get to -$20. ($80 minus $100 = a new stop loss value of -$20).
Here you can choose to bet on UK, AUS and/or NZL races. You can also select what tracks you do not want to bet on by clicking the button
You can select the minimum and maximum number of runners, outside this range, no bet will be placed. You can also indicate the minimum and maximum odds for your bets.
> Starting Price Forecast (FC) for each runner (UK races only):
This data is automatically updated every day around 8 am – UK time.
To this end, two new columns have been added to the table of runners: “FC Odds” and “Fav. Mvt” (which is the favourite rank movement). We have also integrated two new filters to specify the range of the FC and the Favourite rank movement range.
Regarding the second filter, if you want to bet only on runners who have moved up three or more places in the ranking by odds, you will have to indicate “Fav. Mvt From”: 3 to 9. Thus, a runner ranked 4th favourite in the FC, and who is now 1st favourite in betting at the last scan, will have a value equal to 3 (4-1), and will therefore be selected (if all the other criteria are validated). On the other hand, a runner who loses places in the betting will have a negative value.
Here you can set the minimum market volume traded in dollars that you want before the bot places a bet. You can also set the maximum market back book % so you don’t bet into poor value markets.
We generally set it to $1000 and 108% to somewhat bypass these rules. But if you only want to bet into strong value betting races only then you would probably set it to $5,000 in Australia and $10,000 in the UK and Ireland and 101% to 103% for both.
If you want to ignore this rule altogether then don’t tick the box.
If your system is in profit at level, using a staking plan could be a good idea to increase your benefits.
27 staking plans are included in G2M, most of them are sequence of numbers, and the last one is a full recovery staking plan:
- Staking plans 1 and 2 are one of the less aggressive ones: 1-1-1-2-2-2-4-4-4 and 1-1-1-2-2-3
- 6 staking plans are from the Fibonacci sequence (1-2-3, 1-2-3-5, 1-2-3-5-8, 1-2-3-5-8-13, 1-2- 3-5-8-13-21, 1-2-3-5-8-13-21-34)
- The next 11 staking plans are designed for price groups
- 1-2-4, 1-2-4-8, 1-2-4-8-16 to use with odds between 2 and 2.49
- 1-1.5-2.5, 1-1.5-2.5-4, 1-1.5-2.5-4-7, 1-1.5-2.5-4-7-12 to use with odds between 2.5 and 2.99
- 1-1-1.5-2.5-3.5-5.5-8-12 to use with odds between 3.0 and 3.99
- 1-1-1-1.5-2-2.5-3.5-4.5-6-8-11 to use with odds between 4.0 and 4.99
- 1-1-1-1-1.5-2-2.5-3-3.5-4.5-5.5-7-9-11 to use with odds between 5.0 and 6.99
- 1-1-1-1-1-1-1.5-1.5-2-2-2.5-3-3.5-4-4.5-5.5-6.5-7.5 to use with odds equal or higher than 7.0
- The next 7 staking plans are simple “one-step” staking plans (1-2-3-4, 1-2-3-4-5, 1-2-3-4-5-6, 1-2-3-4-5-6-7, 1-2-3-4-5-6-7-8, 1-2-3-4-5-6-7-8-9, 1-2-3-4-5-6-7-8-9-10)
- The last one is a full recovery staking plan designed to recoup all the previous losses (only available with “BACK – Dutch Betting” options).
You can choose to reset the sequence after a win or reduce it by x steps. Resetting the sequence can avoid heavy losses but can also avoid heavy wins! Be careful when you use these staking plans.
The “full recovery” staking plan includes a specific function that allow you to stop betting or reset losses after x losses in a row.
You can reset manually the staking plan by clicking on the button
When the “WAITING RESULT” is displayed, no other bet will be placed as long as the result of the previous bet is not known.
If the race is void, it is sometimes necessary to reset the “waiting result” status without resetting the staking plan. In this case, click the button