Another Sporadic Horse Racing Software Blog Update

March 26, 2010

So much work, so little time and all this social media stuff can really take up a lot of it. We prefer to spend it with our members so p[lease excuse me for the lack of frequent updates to blogs, Twitter, Facebook, smoke signals, carrier pigeons etc etc – LOL!   

Everything has been going really well in BT land. I haven’t posted to this wall since October 2009! OOPS! Well, what has there been…? Ok, Spring Carnival. OMG… what a time for us. The only time that is more profitable or on par with it is the Autumn Carnival which is upon us now of course. To be honest, I actually think it is more profitable overall.  

The Spring Carnival revolves around one big week and in preparation leading up to that week or two before, the money can be just a bit harder to sort out. Melbourne Cup Day saw a MASSIVE profit on auto of just under $2k. One member in Perth pulled the pin a few races before the Melb’ Cup to finish with just over 2k – fully automated. The race just before was a loss which stopped us out with around $1800. Not a bad days work but for those using key indicators to identify standouts, it was just unbelievable. Some made well over 2k, some over 3k and much more but everyone did very well indeed.  

Coolmore Iris Neilsen Day @ Ballina

 

We have sponsoring more race meetings and become much more involved with our local jockey clubs. In particular, the Ballina Jockey Club and the Clarence River Jockey Club. It’s flattering to say the least, to have passed the ‘acid test’ if you like and be accepted as one of the few above board companies in this industry with a more than viable product to have our name associated with them.  

The amount of educated punters, traders and racing folk in our member base is growing substantially now that they can see that its not the piano as such that matters but how we play it that sets us apart. A well known local bookie for instance is having great fun and showing fantastic results. I must say that as a baby in terms of fundamental racing knowledge ie form, trainers, breeders etc, I feel extremely humbled to be teaching someone who has been in the game for the better part of his life and a bookie for 35yrs or more.  

We put on the Bettortrader Boxing Day Cup which was a treat and having a marque on course for the Coolmore Iris Neilsen Day was more so. Seeing Takeover Target in the flesh and getting to chat with the lovely and most humble Joe Janiak was an honour.   

Auto trading has bitten the dust this year and fortunately, there aren’t that many who rely on it full time. There are many reasons for it no doubt and I wont get into to the lengthy details here but the hot Summer, unusual conditions etc are a part of it all. It is definitely turning back around though which is great and for those adjusting their settings to suit have still done quite well. Its those looking for the Holy Grail ‘set once and leave it forever’ setting that haven’t had a good year on auto.  

In saying that, the standouts have been huge and often at very big odds (its how we play our piano, remember?). Taking last Saturday for example, in Brisbane we backed Growsir, Citywyse and Bavagna to name a few. In Sydney there was Night of the Generals, Masquerader, Alverta, Gold Water and Descardo. In Melbourne Melbourne there was Domesky, Elumino, Fanjura, Electromotive and Morgan Dollar. These are just to name a few for those in the know. All were fantastic value and all taken each way at a 1/5 ratio for the stake. Have a look at the screen shots here and you will see the transaction report from the Bettortrader software and also my actual TAB account for the day. This is only one page but you will get the point no doubt.  

  

This type of day and the proven live results speak for themselves. Why on Earth anyone would want to spend 10k on a software when they can get results like this for far less with 10 times the support and training is beyond me. It’s a pure case of many thinking that the more they spend, the more they get. In this case, it seems that adage does not ring true.  

 

The above report shows all transactions made that day on standout selections only. Auto only made $189 after hitting the trailing stop loss. Members manual trading results varied from a few hundred to several thousand depending of course on bet sizes which comes back to bank size and levels of experience which will determine overall confidence to pull the trigger with larger size investments. 

 

Our office is flying along in Ballina. Why Ballina? Why not? Have you ever been here? Surrounded by water, lots of fishing, low violence, nice schools, plenty of greenery, a skip and a jump to the Gold Coast (if you would ever need or want to which we don’t), lovely friendly people and a real community. What else could one ask for. Growing up in Sydney, I moved to the Northern Rivers in 2000 and I could never go back to the rat race. 

 

The latest and greatest thing for us has been the addition of regular webinars. I can’t express enough about what this has done for many of our members. Being able to watch, learn and earn all at the same time has now become our biggest point of difference and further shows the transparency of our business and the lengths we go to in order to realize the utmost client satisfaction. You can visit Youtube to see some examples by clicking here.   

Anyway folks, just a wee catch up – insert tongue in cheek here. I trust everyone is having a good year. I’ll try to keep more up to date with things and if anyone has any questions, we are only a phone call away – or if you’re in the area, you can drop in for a cuppa’ (I must remember to get milk). Cheers!


Bettortrader Horse Racing Software Results – Year To Date 22/10/08

October 21, 2008

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.

Regards,

Kevin Riddell


BettorTrader V7 Horse Racing Software Release

October 21, 2008

IT’S A BOY!!….

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


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