It has been absolutely crazy here for the last 4 weeks. We’ve seen the release of Bettortrader Version 7.0, had our first webinar workshop and can now see the back of the majority of the Spring Carnival. I wish I could have spent more time on here to keep you all up to date on what has been happening but the thing first and foremost on our/my minds has been ensuring all the clients are doing ok with the new update and running smoothly..
The Melbourne Cup was a big surprise for many I’m sure. For those racing enthusiasts amongst us, the Bart Cummings + Blake Shinn + Viewed combination may have been a blip on the radar but for most it was a vague blip at best if not there at all. I was on Zipping myself – in rather a big way. It’s that sort of race. Have a bit of fun and go with your heart.
In saying that though, the second surprise that eventuated out of the final result of the Melbourne Cup, was that the Bettortrader software missed it this year. It has picked the last 3yrs and trifecta in 06 with Delta Blues, Pop Rock and Maybe Better it but couldn’t do it this year.There was very little in the way of fluctuation and very little in the way of unusual money. The pool was just far too big – although not as big as last year which is interesting in itself as there was only one import and it was the tail end of the Equine Influenza outbreak.
Bettortrader7 has performed very nicely over the last few weeks and particularly on the days after the Melb’ Cup such as the Saturday just gone, the 9th November. The result was really quite massive.
Here is a screen shot –
(Click to enlarge)
I will also catch up with all the latest results for both Bettortrader Version 7.0 since its release and I will also post the outstanding ‘Under The Radar’ selections and results for last few weeks.
There have been failures. People inquiring about the software who have no money is becoming a problem. I think since putting the 1mth guarantee and cool off period on our high quality product and service has led some to believe it is a guarantee of making money overnight and are using the that first month to try and do so with a minimal bank. The guarantee is not one that says one will make 30k in a month. It is to give the new member time to make sure they have made the right choice. The only way to determine if we do all for our clients that we say we do is to buy our software. That is no different from any other company. What is different, is that if all is not as it should be, there is an out for the buyer.
I have just taken some screen shots of our results for the past 18days (takes a while to load the day files to take an image of each day – its now around 3am and i started at 10pm – LOL). There are some dates missing purely because I did not run on those days. They will be Mondays and or Sundays mostly.
I find Saturdays are big enough to be able to take the next couple of days off the computer. Come to me with a $10,000 bank, a pro active approach to life and a sharp mind and the below results are well within reach. This is based on 10% of a $1000 daypool which is compounding. Click on the images to enlarge. You can click again to enlarge further on the next screen.
The image below shows my year to date results. The main types of investment have been a mix of manual and automatic trading with win and place being the most common investment on manual and relying on the automation for multiple type investments using Betlogic.
The main question people ask is how much was the starting bank at the beginning of the year. Although this question is completely understandable, the point is that, each day everyone starts with the same $1000 day pool regardless of the total bank size. It may be the entire bank if only starting with $1000 or it could be a portion thereof.
The changing denominator here, is the percentage of that day pool invested. When using the auto-trade with a bank of $2000 or more, the investment is 10% of that $1000 daypool. This means the first investment would be $100. Being that we are compounding, the subsequent investments are result based. If after 30mins we have accumulated a daypool of $1500 due to $500 profit, our next investment will be $150.
The total risk is whatever our stop loss is set to which in my case is always $295. Conversly, if one was to only start with a $1000 bank, their outlay would be 3% with stop loss, targets and strategies taylored to suit.
We want people to have the best possible chance of attracting the best possible profit so a $1000 bank never really excites us and the results of such would not excite anyone looking to trade full time. Nevertheless, those who are looking to make just enough to top up their weekly income would more than happy with the results and could expect to make around $50 – $100 per day.
So as you can see, the softwares total outlay and return for the year has been self sufficient. The risk each day has been -$295 stop loss followed by a floating 11% stop, with an uncapped target and 10% outlay of a compounding $1000 daypool. To follow on from this, at the end of each day I will post our daily trading results using BTV7 and the above money management rules.
Well, at least that’s how we feel at BettorTrader after yet another major development and subsequent release of the latest upgrade. You see, our upgrades aren’t just a few more buttons of pretty colours nor are they merely a result of opening a new company and putting a new face on the program.
In fact the software, for all intents and purposes, looks exactly as it has done for last year and in some areas such as the live win pool updates, looks as it has done since 2004.
So what is new, you may ask? For the answer to that, you may just have to look at it and for those who have done so in the past, please, feel free to revisit us. Essentially, the majority of changes made are designed to improve the already fantastic strike rate of the automatic trading.
Aesthetically, the software is more than functional and has not been designed to look like something it isn’t. Anyone can design a flashy looking program. The question is, do they work as well as they look?
The many other changes have been made purely to add greater functionality for the end user and make the software even more flexible and user friendly. The results are amazing and as of today, I will be posting the daily results each night so watch this space…
We recognise that there have been many horse racing software scams.
We ARE different. We are passionate about the industry and are here to stay.
We have had a gut full of our competitors and other spiteful individuals involved with or working for them. We are now offering an $5000 cash rewardfor information leading to the identity of the company or individuals making posts designed to damage the reputation of BettorTrader.
We are being Harassed.
We constantly receive fake emails and often find we have been talking to and then demonstrating our software to one of our competitors. Why? They quite simply want what we have. We had threats from one company and one of the sales people working for them which was taken to police and a formal complaint lodged, with that company being contacted by them.
Why?
Companies selling over-priced, under-performing software on the Gold Coast hate us. Why? Because we don’t lie, we turn people away from the whole industry that we feel it would be a detriment to and that means at times that no one gets the business. 90% of people who have come to us are talking to one of these other companies. We charge under half of most of them and offer 10 times more. This in itself should make things fairly obvious to those who have read the posts in question.
We need your help.
We know someone knows something and we are calling on your good natures and common decency to help get to the bottom of it. We know it is a competitor. The posts are stuffed with keywords to rank highly with Google Adwords. If it means you may lose your job, we will have one for you and you wont be forced to lie either. We don’t have to. Bettortrader is the best there is by far.
Basically we are being “blackmailed”
We receive emails from the sites asking us for money to either remove the posts of add an ‘ok’ to them indicating they have researched us and we come up squeaky clean.
If you don’t believe us call the Department of Fair Trading
If anyone wants to find out if we are not so, call the Department Of Fair Trading or the ACCC. Their number in NSW for the DFT is (02) 6627 6500. Ask for Megan. Alternately, they can be contacted on 133220 which is only available from within Australia.
If you are responsible…
As for those making the posts, please continue. The more you do, the better chance we have of finding you. I know it must be tough competing in this market with a $10,000 plus get rich quick scam against the likes of Bettortrader but if you can’t do so ethically (if you know what that word means) then perhaps you should do something else.
Our Guarantee
Bettortrader has an unconditional 30day money back guarantee and 14day cool off period.
Dispute Resolution
Our internal dispute resolution procedure is robust and the agreements are in plain English with no hidden clauses or conditions. Each member is entitled to have their case heard and in the event would arise that would an issue remains unresolved – which will be never -
External Dispute Resolution
Every consumer in the country is protected by various governing laws and departments enforcing them such as the DFT, ACCC and ASIC.
Do you have a dispute with BettorTrader or any other company?
If someone had a genuine complaint, this would be the first port of call. That is Call Department of Fair Trading in your state.
Real Customers who have complaints DO NOT
They would not most cleverly stuff their posts with keywords for the sole purpose of ranking highly in Google.
They wouldhave gone through the above channels and gotten a refund.
Yes, this is a very niche market and the competition is fierce but surely one does not have to stoop as low as it appears these people have.
I look forward to hearing from people with the relevant information.
Time to regulate?
BTW - We firmly believe it way past time to bring the government into this and seek regulation or even legislation.
We welcome it.
The only people who will suffer will be those who can not comply. Feel free to leave comments.
“What does psychology have to with trading?” one might ask. “Everything” is the answer. “What does trading have to do with horse racing?” may the second question to arise when used in the context of this blog. Again, everything. The same disciplines both physical and mental, must be applied to earn any long term returns in any market.
Did you know that Australia …
has more racecourses than any other country (479)
has the second largest number of individual starters behind the USA (31,639)
accounts for 13% of the total races of leading racing countries
offers the third largest amount of prizemoney in the world (331,472,66)
accounts for 8.29% of total world purses
Around 22,000 races are held each year and that averages 60 races a day
The racing Industry contributes to State and Federal Governments and has a direct economic benefit to the Australian economy.
Some flashy figures to take on board:
2003/2004
The TAB accounted for 75.3% of total wagering turnover compared to 24.7% by bookmakers.
Australia’s Wagering turnover for Thoroughbred Horse Racing for 2003/04 totaled $11.15 billion, an increase of 5.5% on the previous year.
Off-course wagering increased to 85.68% of total wagering. New South Wales was the leading wagering State accounting for 34.71% of total wagering.
The TAB accounted for 75.3% of total wagering turnover compared to 24.7% by bookmakers.
The total betting turnover was $14,653,982,458
2006/2007
Wagering turnover on thoroughbred racing during 2006/2007 amounted to $12.85 billion
New South Wales remained Australias leading wagering jurisdiction, accounting for 29.4% of the total thoroughbred wagering turnover
As long as there is racing and laws permitting the ability to invest/gamble/wager on these races, there will be the opportunity to profit with the right toolkit. Just as one may use many tools such as technical analysis through the use of software and charting tools as well as fundamental information to profit from share trading, someone wagering on racing can use very similar tools.
How does one trade technically on racing? In day trading shares or Forex for instance, we may have a ‘fundamental’ idea of what trades we would like to make but by large, it is all about what we see in front of us in the live market will drive our trades. The same goes for racing. ‘On-the-day’ conditions can blow the fundamentals out of the water. There are several consistencies to be aware of in ths market and it those we capitalise on.
On the day, those with the most accurate information will invest accordingly and it is that movement that we are most interested seeing in when trading in almost any market. There are many ways to see such when lookng at pools associated with racing and the most common way is simply looking for ’shorteners’ in the market. The main problem here is that one does not typically know if it was a move due to big money or just pool dynamics.
This highlights the importance of being able to see the money. With most programs that use Bettordata such as Bettortrader for instance, there are a series of calculations being performed by the software that give an approximate dollar figure of how much money came in at a given time.
On the Melbourne Cup in 2006, the rise in the flow of betting on the winner Delta Blues in one hit in Unitab was huge. At around 120seconds out from start time, the flow of betting jumped from around $1700 to just under $30,000. This method of selecting is easier for some than others which is why Bettortrader became fully automated in December 2007 and has been undergoing constant development since.
Using many criteria that have been passionately formulated by us through hands on experience in the live market, the software uses stop loss and floating stop loss alerts to manage your position in the market, protecting your profits and your reserves. This also means that the software can be set up to trade for you. Now, when I say auto I really mean auto. Set it up and walk away. The results are outstanding and will be posted shortly.
As far as the mental side goes, it’s like anything. If youwant to gamble, walk out n front of moving traffic. If you want to take an educated risk, use the crossing. They both have an element of risk but one is of course smarter than the other. One can gamble with anything and if the simple rule is, if it interferes with your life in a negative way, give it up for a while and get help.
Some have an addictive personality and trade just for some sort of activity or lack of it. Some do so for some kind of strange kick or high. If this is you, stp trading. You will not make money in the long term. You will surely only have spikes of success with losses long forgotten seconds after they happen.
It is really all common sense. An addictive trader will not manage risk or stop when they are losing. That is because action not profit is the goal. Good traders trade actively. Addictive traders over-trade.
Don’t be an addictive trader. Be alert. Check yourself. Get others involved. Don’t be alone. Join a community of like mnded traders such as we have with the Bettortrader members. Share your knowledge and absorb others. We should all help each other in our plight to break free of the norm and have the things we deserve and trading on thoroughbred, greyhound or harness racing is one way to do it as long as we do it intelligently and support each other along the way.
Since the early 1990s there has been one method or another, sold to the public in order for them to make a profit without knowing too much about the market they are about to become involved in. It all really started out with software that had to be fed information manually from a newspaper form guide. They were incredibly time consuming and far from accurate with the selection criteria being not much different to that used by everyday budding punters ( last 3 starts etc) and thus leading to very much the same conclusion – the favourite/s.
In the late nineties, there became a much higher incidence of programs that ’scraped’ data from the TAB websites. In laymans terms, these types of programs open the TAB websites behind the scenes so to speak and copy data every few seconds from the site. You can do it yourself with a spreadsheet if you go to the next scheduled race and then copy and paste the whole area which contains race data. There are problems with this type of program. Of course, this method of receiving data is not endorsed by the TABs. The only TAB that can be reliably scraped in this way is Unitab or Tabonline.
When monitoring the market, it is important to have the whole market to monitor. The websites experience lag and the dividends are not close enough to real time to get near the price a selection was when it was invested on. This means lots of unforeseen short returns and possible losses due to the market firming in late and that not being taken into account by the calculations at the time of making the investment.
The best the TABs have to offer directly which is used by at least a handful of programs is the relatively new Live Odds service and when it came out, we of course looked into the viability of using it as it is a free data service compared to being at a cost which Bettordata is. Upon investigation it was advised that we would not get better or faster than Bettordata and in our view and that of our many clients, some well seasoned traders in turf speculation and other markets etc, that fact holds true. Especially with the all the trouble NSWTAB and TABCORP have had of late with their websites. People will be flocking to Unitab and Betfair in droves. We are getting the closed signal for races less than 2secs after jump. That’s fast data. NSWTAB has taken up to 5mins some Saturdays. I feel the pain now of those using their data. Ouch.
The other commonly known type of software uses Bettordata. It has been around for 20 odd years. It was more widely used with a USB decoder which plugged into your television antenna and then into the pc to get the data off the back of the Channel7 transmission. Now with high internet speeds, the decoders are being very slowly phased out to my knowledge and we get an even more reliable and faster transmission of data. It costs money but you get all 3 TAB coverage as instantly and as accurately as you will ever get it. By itself, the data wouldn’t mean much to most thus the several 3rd party applications on the market. The data costs $65 per month or less in bulk buys of 3 or 6mths. See www.subscriptiondata.com
The different programs touched on above all have one thing in common. They all use the pools associated with racing to hopefully gain a profit. Where the differences can be found is in everything from customer care, support, training, guarantees and ongoing development, hands on experience and the subsequent selections made.
The other major difference is price. It makes it very hard for someone to decide what to do with so much fluctuation in price… even from one company. I was speaking to a prospect last week who said he loved our software and was going to buy. He was looking at one that he said was a lesser product with less training and features but that they also wanted $10,000 which he was told was special and it was normally $15,000. The next day, he said he told them he was going to buy Bettortrader and they offered it to him for less than ours so it sounded a bargain.
He had the pressure put on him and the next day when I spoke to him he had parted with $4000 for a program that started out at $15k, then dropped to $10k for the special of the month and then when there was a very real threat of losing the sale, it was offered to him for $4000. Do we get a free set of steak knives with that? If you read back over that, you will no doubt agree that if one thinks they are worth this much, they don’t drop a penny for anyone.
You of course have software that looks for arbitrage opportunities which I will talk about another time as it is more sports betting and slightly out of my area of expertise and also lay betting systems which can also be great. The current Betfair market doesn’t realistically support large lay betting opportunities and betbots are vicious competition for what is there to be had.
In my opinion it is about customer care. Do they have a cool off period where you can return the software if it’s not for you? Like we do here. Do they have some sort of trading loss guarantee? A user base that you can tap into through things like group chats or forums? Do they have experience in the market or are they just developers, salesmen or marketers selling software? Has it been proven in front of you live? If so, did you use your own radio to listen to the races? Do you know how it all worked? Was the strategy explained? What is the money plan or investment strategy? Ask questions, lots of questions and take your time, you have plenty of it.
Under The Radar has been a complimentary service to our members for the last 2 years and prior to the development of the members area and forums on the BettorTrader site, they were sent out in a Group Chat to all members. Now with the members area, they just log in and are able to print the selections or save to desktop as a pdf. UTR is based on many things from recent form to consistent place getters that offer remarkable each way value.
The Bettortrader members use them mostly in conjunction with the software. If we see the top rated runner in Betlogic (the automated systems within the Bettortrader software), we may be able to attract more value by standing out that runner. Below is an example of UTR…
UTR 20080920
The above is one meeting out of the day. All major meetings are covered. The Bettortrader software also has an electronic black book built in to keep a record of outstanding winners and place getters. This is also referred to when making the final selections for Under The Radar. It is inevitable that one would get to know those one can depend on for a good race with great value, with so much time paying attention to the market.
The strike rate is usually around 50% for all meetings and very few selections are favourites. Going back to the 17th May this year, UTR had Grondie on top who won at $36.40! (Even more impressive is that it was also the Bettortrader Betlogic top rated runner and there were more than one happy little vegemites on that day. I still like to go over the Skype Group Chat from that day and show people looking at the software.
A lot has happened in the 3 years since Bettortrader was first officially launched. Being we’ve never succumbed to selling it as a get rich quick scheme, we have had to work even harder to gain the trust we have in the market place and with our clients. Rather than sell on dreams and hopes, our philosophy has always been to inform the public to best of our ability, of all that can and can’t go wrong and all that is involved in profiting in this area using tools such as ours and to base our presentation on facts and experience.
When we first started, the software was much like any other that uses Bettordata. It was incredibly simple in its design, displaying the dollars in each TAB from 60mins prior to start time until the jump. The main aim with this type of program is to learn how to follow unusual trends in the betting and as many say, ‘follow the smart money’. These programs will be reported as having major insight into where the smart money is being placed… and they do. Ours does as should any that uses Bettordata.
The main problem we always found with this is that not everyone is so switched on to that type of analysis, that they can consistently profit with it alone. Some companies teach methods that rely on picking $2.00 place bets while looking for indicators in all 3 TABs. While I have always agreed with 3 TAB indicators the fact is, there are too many races that are not so clear cut and the onus is 100% on the user to make the right choice or fail trying.
Most races will have more than one runner to look at and then it becomes open to interpretation. You may make one selection and I may make another. Bettortrader has led the way teaching this method through our many years of hands on live trading and helping to minimize the risk but there is so much more. For the last year we have been perfecting our fully automatic software with the first release in December 07 and while in testing for the last week of or latest update, I have been absolutely beside myself.
Today being a Monday, would not typically be a day we would get too excited about. Now for the fourth day in a row I have run on full auto and not seen a losing day amongst them. Using extremely conservative money manager settings, Friday stopped out with $215 profit. Saturday stopped with $183. Sunday with $484 and today Monday 29th with $464.80. That’s $1346.80 in 4 days! Sure beats the current share market.
So the testing continues and really will never end. There will always be new technology and new ways of doing things and we are always there at the forefront.
(Click to enlarge)
Posted by bettortrader 
Posted by bettortrader 
Posted by bettortrader 
