Sorry I didn't get a chance to do the screen shots for Friday or yesterday.

Here is Friday's.

Here is yesterday's

Anyway I decided to change the settings slightly today in fact I am going to do test on two different accounts but I will show you the results from my normal account. I think the profit may be a little less but I am hoping we can cut down on the amount of losers we have to go through sometimes before we get a winner.

Still a little way to go but as the bank increases we should start to make more each day. The beauty of compounding!

We won on the first race again Friday and this time the odds were a little better.

Let's see what happens today.

Just to let you know that we have added to new bonuses to the Grey Horse Bot members area.

The first is a £20 discount from Sports World Publishing on some of their latest products, this is available to subscribers who have been using GHB for 3 months or longer.

The second is a 25% bonus for Proform Professional. This is a great piece of software for creating systems with a 10 year database. The discount is available to all subscribers of GHB.

This takes the number of bonuses available to members to 8 now and we have plans for another 3 before the end of the month. Remember some of these are free.

Malcolm

I am not going to give up yet though!

We have been testing a system for a couple of months using GHB which we think may be quite profitable if you don't mind using staking. I am going to tease you while we test and just tell you that it is a backing idea, but that's all the information you are going to get.

This is one of the worst days we have seen so far but still managed to get our win before we hit our stop loss of one 5th of our bank. 

• New Profit/Loss settings
  
  Set a profit/loss stop based on percentage of your current bank.


• Stop number of wins/losses now have individual out of sequence settings.


• Staking Modifications GHB will reset to your normal stake after a defined number of loss recovery attempts


• Standard staking level increased from 5 to 10


• Trading negative stop/loss levels increased Negative stop loss can now be turned off or increased to -50


• Bet on rank modifications.
  
  Bet based on index order in the market (to allow for trap selection in greyhounds)


• Shadow betting.
  
  Apply a shadow bet condition to your selections


• New manual mode features.
  
  Bet on any (best priced runner). Select the best priced runner.
  
  In – play betting modification Specify a TAS (wait before betting in play) for individual markets.

You can read the release document here:



http://www.greyhorsebot.co.uk/GHB-V3_3-release-notes.pdf

Idea of the Month

It is well published that Betfair prices give an accurate value to the runners chance of winning. If this is the fact then surely if can getter a better price, then in theory overtime we should make money.



Let's us say that a runner with the price of 2.00 has an "evens" chance of winning. Overtime (could be a long time) we should have an equal number of winners as losers but we would lose in the end because everytime we won, we would have to pay Betfair's commission.



So we would need to get a better price than the one available at the off to have any chance of winning. If we take Betfair's SP as our base line we could immediately in running ask for a better price. With a sufficient better price and enough matched bets we could find ourself's in profit.



There are a couple of things that you do need to be made aware of.



1. It would be very difficult to find enough runners trading exactly at 2.00, but you could look for say 1.90 to 2.10, which may be ok.



2. You may not get matched all the time.



You will have to decide whether you will back or lay but in theory it shouldn't matter.



You could easily try this experiment with GHB in the following way.



1. Set GHB in Auto Mode.

2. Set your price range on the lay/back tab of your choosing.

3. Select "odds type" as SP

4. SP % I would suggest at least 6% because we need to beat Betfair's 5%, but you may want to try 10% and see what happens.



All other settings would be to your choice but GHB will look for a runner between the price range and if it finds one from SP it will put a bet in the market with the % difference you selected immediately the race goes in-running.



You could use this idea in many ways where you just try to get value.



Let me know how you get on if you decide to play around with this idea, or if you have any comments regarding my explanation of the experiment.

Lesson of the month:

Shadow betting.

As this is a new feature of GHB I thought it would be a good idea to explain it in a little more detail.



let us say you only wanted to lay the favourite but only if the combined odds of the favourite and the second favourite were less than 4.00. You select the favourite as the runner you want to bet on and as normal set the price range you will accept, but now you can select the second favourite as a "shadow" bet. If your criteria is met then GHB will only bet on the favourite. This feature allows you to use any combinations of runners to create a betting scenario.



If we go into a little more detail we can see how this works. GHB's "sum of odds" function works perfectly in unison with shadow betting as it allows you to trigger a bet if the odds are <= (less than or equal to) or >= (more than or equal to) your requirements.



So let us consider the scenario where we only want to bet on the favourite if the combined odds of the first and second favourite were under 4.0



We would set "sum of odds" to <= 4.00.

Using the "Bet on Rank" auto feature, we would tick "bet 1st" but we would then choose "shwd" on 2nd. GHB would now monitor the market but only bet on the 1st (favourite) if the combined odds of the 1st and 2nd were 4.00 or under.



You can use shadow betting with as many combination of runners as you would like.



I have also added a video for you here.

http://www.betsoftware.co.uk/ghbvids/shadow-index/shadow-index.html