As you know, the service got off to a bad start following what was claimed to be an excellent track record. However, a new bot was introduced which introduced some “filters” on the normal selections.

I have to say that I stopped using the bot some time ago because I did not have the confidence that the service would be profitable over time. However, I have monitored the daily results sent out by email from Betfair Pirate.

Most days seem to generate a loss with the filtered selections (which are supposed to be better than the unfiltered ones) generating a loss so far this month. The unfiltered selections are so far showing a small profit of a few points.

I certainly cannot recommend Betfair Pirate given its price and performance so far. There are many more reliable ways of making money from betting (see the Football Betting Master post)

I now feel confident enough to restart using the Betfair Pirate bot (I bet Sod’s Law means that I’ll make a loss today!) and will report on progress in a few days.

If you want more info about Betfair Pirate then click here

Chris

There is a fairly simple reason for this and I explain everything in the 12-min video that you can download by clicking the link below:

Betfair Pirate Video 2

The video is in wmv format and can therefore be played with Windows Media Player, or any other player than accepts wmv files.

Chris

The past couple of days have overall produced small losses. However, since I started on 5th July, I am still showing a small profit. I will try to produce videos once a week to show my progress.

I have had several emails from people claiming that they are getting a different number of bets matched with the bot than the Betfair Pirate results indicate. This I would expect. After all, if all of the bots (and it is my understanding that there are 100+ bots in operation) are trying to get bets matched at the same time, then not everyone will be lucky.

The number of bets being placed at one time is also likely to affect the odds available – even though most of the lay selections are – I believe – on horses that are in the top 3 of the betting.

To be fair to Betfair Pirate, they did make it very clear on their sales page that it would be an up-and-down ride with profitability on a day-to-day basis (unlike most sales pages which seem to say that you’ll be £10,000 richer by the day after tomorrow).

It is far too early to be able to say whether Betfair Pirate will be a long-term success. Once I have at least 6-months of evidence, then I’ll be able to make a reasoned judgement.

Incidentally, I understand that to restrict the number of bots in operation, Betfair Pirate will no longer be accepting 3-month subscriptions after midnight on Friday 10th July – so if you want to get your membership, then you’d better join quickly.

Here’s the link:

Betfair Pirate

Chris

I have recorded a 20 min video that shows the Betfair Pirate bot in operation.

Also shown are the results I achieved on the 5th July plus the first few results on 6th July

Tho view the video just download the following file. It is in wmv format and can therefore be played on the Windows Media Player, or any video player that can handle wmv files.

Click here to download the file

It’s the start of another week and therefore time for another betting product to be released.

This time it’s a product called Betfair Pirate that will be released on Tuesday 6th July

You can read the product details by clicking this link

Basically, it’s a combination of an automated betting bot and a horse-racing lay service. It is going to be ideal for those people who don’t have the time to set up a bot every day, or have time to place bets manually. The bot is set up once with your betting strategy and it then automatically gets the daily lay selections without you having to manually load them in.

The website claims that there has been extensive beta testing and shows several months of data plus results. They claim that they have so far made an average of 20 points profit per month.

I am currently negotiating for a free trial of the bot to be able to give a more detailed, ‘hands-on’ review of Betfair Pirate.

(UPDATE: I have now been given a free 3-month trial of the software. Such a long trial does give me more confidence in the product. I’ll try to get everything running in the next day or so & will probably produce a video showing the bot and my results)

In the meantime, take a look at the sales page – it isn’t full of obviously fake screenshots and doesn’t make wild claims about profitability. There is also some very sensible advice about staking that is in complete agreement with my own views.

I think this product is worth looking at. Here’s the link:

Betfair Pirate

Latest update 5th July

I received the download instructions yesterday for the bot and soon had it set up & running OK. There was a small problem at one stage for which I sent an email to technical support. Their reply was prompt (less than 15 mins after my initial email) and they quickly resolved my problem. Good back-up support is – of course – a good sign of a quality product.

The bot itself is very simple. there are a well-written set of instructions with it – but to be honest, it is very intuitive and doesn’t have a huge array of parameters that you need to set up.

Once you have loaded the software and logged in to your Betfair account, the bot automatically gets the horse-racing data for the current day’s racing plus the following day. Now this is where some people will not be too happy. The lay selection information displayed on the screen consists solely of the race track and race time – the horse is not identified. I am sure this has been done to prevent certain unscrupulous tipsters from stealing the lays and using them on their own services.

You only find out the name of the horse when your bet has been matched. Also, the max and min lay odds and when the bet is put into the Betfair market are ‘hard-coded’ into the software ie you cannot currently alter them yourself.

You do however have a lot of control over your staking; whether you want level staking, fixed liability; stake as a percentage of your betting bank; and fixed liability as a percentage of your betting bank.

Two other features of note are:

- the option to run the bot with ‘paper trading’ (ie you don’t place actual bets into the market but the bot will record the results as if you had done so)

- the minimum stake is only 10p. This means you are not limited by the usual £2 Betfair stake requirement and can start will small stakes when you are ready to start using real money.

For today (5th July), there were quite a few selections but the bot was unable to get lay bets matched for quite a large percentage of them. However, at the time of writing this post (7.25 pm) I have had 5 bets placed by the bot and all have been successful!

Hopefully, this initial success will continue.

I will try to make a video in the next couple of days – so do come back to this blog. I will also – of course – keep posting about my progress.

My first impressions are certainly positive.

For more info about Betfair Pirate click here

Chris