Trading On Horses – April

April Horse Racing Post

Bet Automation

This month (ok and half of May!) I have decided to try to test automating some of my betting. I have always been sceptical of automated systems but there is no doubt that some clever people out there have made them work in the financial markets and, I am certain, in the horse racing markets on Betfair.

I do believe, however, that if you are sitting at your desk trading on the markets, you’ll be more profitable than automating that same strategy. Of course it depends on the strategy, but there are some things that automation just can’t do yet, although there is a good chance that that will change with the advent of AI technologies.

Yet automation offers many advantages and two major ones:

  • It takes the emotion out of your betting and trading
  • It frees up your time

I decided to give Bet Angel a go. It’s not my ‘go to’ bit of trading software but in my opinion it is better than most, especially when it comes to automation. Many might disagree but my Excel spreadsheet knowledge is poor and Bet Angel makes it easy!

Bet Angel ‘Guardian’ automation screen

If you are new to automation, the simplest way to start would be to automate a system that you already know to be profitable, trading manually. For example, you might have a system:

  • Handicaps only
  • At certain race courses
  • Favourite above odds of 4.0
  • 5f-1m
  • Bet the favourite in play at 50% above it’s Starting Price

You could set this up easily via the automation tab and put your feet up for the rest of the day. The real challenge though is to explore the numerous options that the software has to offer, and find something unique. The possibilities are endless and the great thing is that you can test everything in ‘practice mode’ to check that the bots you create actually work as planned.

I will be looking at angles over the next few weeks

Anyway, that ends the quick update. I’ll be back soon.

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