GUIDE FOR MALBOT SETTINGS
First, congratulations on your decision to get a licence of Malbot which is designed to select and to places bets on horse racing Betfair markets in England, Ireland and Australia.
Here you can find help and guidance from Malcolm our horse racing expert and creator of Malbot for Adjusting Settings. He will be more than happy for help and guidance.
If you have any questions or doubts, or you need advice feel free to post here.
For reminder, no technical support will be providen here. If you have a technical issue, please open a ticket.
new installation here.
Just to double check I did everything ok, correct me if i'm wrong.
- Betting Assistant Preferences checkboxes: the settings in the PDF are a bit outdated, i.e. there is no option to include the AUS market since that wallet was canceled. Overall I've just 3 checkboxes active: "Show quick pick list above market tree", "Shaded market tree" and "Highlight quick pick selection on mouse over". Everything else, including the boxes under "Auto Load quick pick on program start" are UNCHECKED.
- I've also activated "COM Server" in Betting Assistant.
- actually the only active system in MALBOT is #11 which trade just AUS races - excluding JUMP races not to be preloaded, as suggested. The same system is under test in UK & IRE but currently should be disabled.
- of that system i've modified just the bet amount according to my currently smaller bank and, indirectly, the Trailing Stop Loss amount (still 6,5x). Then validated the editing.
- I clicked "Turn On".
Now, if i'm correct, I've just to keep it open along with Betting Assistant and let it work, nothing else required. Am I correct? 🙂
Yes everything is correct. Thanks to hightlight that the PDF is a bit outdated. We will do the update.
I would like some help on ratings if possible. How are they achieved ? Is it purely through odds movements ?
I also see ratings check , odds check , run check , fav check
Can anyone please explain what these different parameters are ?
Thanks in advance
In the manual guide you will find all information you need.
Good Morning , my name is Malcolm Willoughby. I am the inventor of Malbot and I hope you enjoy the software. The project has been 3 years in the making and there have been a lot of modifications and improvements over that time. Its only in recent weeks that we have standardized on default settings for Auto betting. They have proved to be very profitable, but keep in mind, we need to see the long term results and only time will tell. In principal the bot looks for market movers and behind the software are complex calculations that use this data to create ratings for each horse. When all conditions are met, the software will automatically fire off bets in accordance with the system settings. Auto betting is only part of the power Malbot. You will see in recent posts the number of times the bot picks trifectas and the first four across the line with some big dividends. So you can use the ratings to help you find those long shots to include in exotic betting or use the ratings to find potential bets in online betting tournaments. Sometimes the ratings produce only one horse with a positive rating. These horses are usually shorter than the settings for auto betting but invariably have a good strike rate. You can also choose in the start up which tracks you wish to load as there are some places I dont bet on. Its your choice. You may only wish to load the two main meetings every day.
It is also very important to synchronize your computer with correct internet time.
I never do form and rarely know what barrier draws or Jockeys are on any horse. It doesn't matter to me. I rely totally on my experience of looking at the market and ratings for my bets and selections.
Good Luck and Happy Punting.
Regards, Malcolm Willoughby
Thanks Malcolm for this great introduction and very good description of Malbot! 😉
Many thanks Malcolm for the description of how Malbot operates
i'm just a new user and I've never placed a bet on horse racing before, i'm more a sports trader.
My level of incompetence on the subject is such i've watched a race thinking your pick has lost while it did win 😀 (Aural Spirit a pair of nights ago).
So far i'm satisfied with the software (which is quite stable) and with your #11 strategy.
While I had just a few bets, i'm solidly profitable.
I guess I missed the busiest part of the season and that winter has less races in comparison april-october, isn't it?
I haven't much of a feedback to give but I want to express my support and encouragement for what i've seen so far, well done.
I am happy to see that you like the software. Remember we will have our highs and lows, such is the world of racing. You are right, different seasons do have impacts on results as do track conditions. But our software calculations still hold the same principals in any conditions and any time of the year.
Its hard to teach experience in reading the market, but the auto function is our best way to try and do that for the novice. The experienced punters will be able to put the ratings to better use. System 11 and 12 are now the default settings that I use.
Hello again Malcolm,
with System 12 you mean the #11 - EACH WAY UK IRE, isn't it?
On a second thought: a good addition would be a feature to automatic reload new races every 12 / 24 h without manual intervention. But I guess you already planned for it.
Yes that is correct. The same system does all countries.
I believe auto re-load is something Betting-Dev are looking at.
Had Malbot a week and had 3 losing days in a row which i know can happen, been using System 11. My question is this at this time of year what System is predominantly run and is there any tracks/meetings which are excluded. I know the jump races are excluded. I paper traded last week and had great results then when i switch it over to live betting on sunday night that’s when I had 3 losing days.
Any help would be appreciated
Yes, that is a little unlucky. I too have had 3 losing days. System 11 is currently our default system and the only one I use. Mine is only $151 in front for the last 10 days. My bets are $20 for Aussie Markets and $10 for UK & Ire Races. No Jumps. I generally run all meetings Sunday to Friday (except races from Tasmania) Saturdays I only run the main track in Queensland, Melb, Adelaide and Perth. Sydney I select the main two tracks.
I hope this helps. Please read my introduction above on Malbot and how I use it for my betting. We have no way of knowing what long term results we may get from System 11 but early days have proved very profitable. Remember auto betting is only one part of using Malbot for betting. Also, always only bet with what you can afford to lose.
yes, tough ride going on.
- i've checked past results and i've seen that 20-30 bets lost in a row are not such a rarity. Considering the high odds involved it's hardly surprising but I'm wondering what kind of bank or staking plan is adviced. Betting 5% of the bank for each selection, for example, will surely break the bank, now or later.
So what's your suggestion? 1% of the bank? 2 %?
- i've noticed a pair of races, yesterday, where one / two horses apparently qualified for a bet since odds / number of contenders / pre race checks were satistied but there was no bet in any case. How come? Which additional parameters are considered?