How do I automate my betting?
What betting bot would you recommend?
Those are the two most common questions I receive every single week.
But the real question should be…
Should I automate my betting?
Automated betting is a very powerful tool when used in the right way at the right time. But it can also be devastating if you get it wrong.
The large choice of commercially available software has taken us away from the question of whether we should be automating our betting and into the question of which tool does the automation for us.
I should clarify for anyone who is a new reader of my articles, I love automated betting.
In fact, if it wasn’t for automation I probably wouldn’t be betting anymore.
So, this article isn’t going be to someone who is anti-betting bots bashing them
What I want to do today is make you question whether you should be using a betting bot and if it will help you improve your betting.
I’m going to ask you to be completely honest with yourself. Nobody else will ever know your answers. This is just for you personally.
With that in mind, please answer this question:
Why do you want to automate your betting?
The answer to this question is critical. And, if everyone is honest, more than 90% of the readers of this article will be knocked out of considering a betting bot at this stage.
If your answer is similar, in any way, to…
I want to build an automatic income stream
Because I don’t have enough time to analyse races
I’m looking for a way to place bets without me having to monitor the market
Then you almost certainly shouldn’t be looking to use a betting bot.
There are a few exceptions to that rule, but we’ll come to those later.
I’m going to start with: I want to build an automatic income stream
This is a serious desire for a lot of punters. And there are plenty of websites out there that will cater to this desire in order to sell you their products.
However, the Race Advisor isn’t one of those. So if that’s what you’re looking for then you’re going to be better off looking somewhere else.
Because the reason the Race Advisor was started was to share with you the truth about making a living from your betting.
Yes, it’s awesome when you’re doing it.
But… there is no secret way to get there, no automatic money machine and no silver bullet.
All there is, is hard work, dedication and the ability to be honest with yourself about your strengths and weaknesses.
If you think that you can do all those things. Then I’m pretty sure we can make you profitable!
So, with that in mind, if you’re looking to make an automatic income stream then the first thing you must do is make a manual one.
If you can’t do it manually, then there is no way that you’ll be able to do it automatically.
It’s only by knowing exactly what needs to be done manually that you can discover which parts of your process can be automated.
All this means is that if a moment ago, when you honestly answered that question to yourself, you said anything similar to building an automatic income. Then you are not in the right place to use a betting bot. Yet.
The next answer was: Because I don’t have enough time to analyse races
Did you give an answer similar to this in any way?
If you did then you are also not ready to use a betting bot, with one exception… you’re already making massive profits and a change in lifestyle means you can no longer dedicate the same amount of time to this each day.
With that exception, it’s time to start considering how to automate your betting. But you need to go through the method of doing this correctly. And I’ll look at that shortly.
However, if you’re not already making great profits and you’re looking to find a way to analyse more races by automating then you’re going about it the wrong way.
What you need to do is analyse less races. In fact you should only be analysing the amount of races each day that you have the time to do.
But there are loads of races, how will you choose which ones to start with?
And that is the key. You SHOULDN’T be analysing a ton of races.
You should be focusing on a niche. If you are trying to analyse more races because the more you analyse then the better chance you have at winning, you’re always going to struggle to make a profit.
Trust me, I know because I’ve been there.
You can save a lot of time and money by scaling right down. Choose the type of race conditions that interest you the most and then focus just on them.
If you’re getting more than five races a day, then you haven’t narrowed down your race conditions enough.
And finally that brings us to: I’m looking for a way to place bets without me having to monitor the market
Again there if you’re already making great profits but you need to monitor the markets and no longer are able to, a betting bot is probably going to be the right step for you to take.
But if you’re looking to monitor the markets because you’re using an approach that requires this and you want to bet every day, even though you’re not making great profits yet.
Then you don’t want to automate your betting.
Instead you should only be betting on the days where you can monitor the markets.
Because if you don’t watch the markets for yourself then you won’t fully understand how they work with your selections.
If you don’t fully understand how a market works for your selections, then there is no way you can make a betting bot do it for you.
A betting bot is just a tool. It will only do what we tell it to do. To make matters worse, compared to the human brain it’s a very blunt instrument. Which means we need to adjust what we do manually so that a betting boy can understand it.
This process of ‘dumbing down’ for the betting bot also brings with it a reduction in ROI and profits.
So, you need a deep understanding of how the markets work for your selections, when they can be false, what happens if they move the wrong way etc…
If you don’t have that, then a betting bot is simply going to lose you money faster than you ever could without it.
In summary, the question you need to ask yourself is why do you want to automate your betting?
Answer that, and you’ll know if the time is right or not.
Next week I’ll look at how to start automating your betting if you have determined you are ready.