Hello everyone, it’s Stephen here with the conclusion of our year-long (re-)trial of BetHawk’s Betfair betting bot.
Inevitably, over the course of a whole year, there are bound to be some ups and downs. And trust me, we’ve had a few!
We began on 5th February, 2016 so the trial has run for exactly one calendar year.
It got off to an incredible start, adding 547 points in just three months.
Unsurprisingly, this performance level couldn’t be maintained but the loss of 290 points over the next quarter was deeply sobering.
The turning point came in August with a modest but heartening profit of 23 points. Since when, we never really looked back.
So did the trial end with a bang or a whimper?
Read on to find out…
I’m pleased to say we finished with another positive, if unspectacular, month.
In fact, it lasted a month and a bit as I decided to extend the trial to 5th February in order to complete the full year.
The final period returned a net profit of 24 points to leave me with a bank balance of 1,496 points.
I started out last February with 800 so, in all, I’ve added 696 points to finish at the highest point of the trial.
|MONTH||P/L||TOTAL P/L||POINTS BANK||NOTES|
|May||-133||414||1214||(Luxor14 was removed 3rd May.)|
|June||-109||305||1105||(Luxor08 was removed 8th Jun.)|
|January to Feb 5||24||696||1496|
- Total number of bets placed – 5,776 (excludes the Luxor14 and Luxor08 bets)
- Initial betting bank – 800 points
- New bank balance – 1,496 points
- Capital Growth – 87%
I set the value of a point at a cautious 50 pence.
In financial terms therefore, my opening bank balance of £400 has grown to £748.
The trial has been genuinely hands-free though there was one day in January when the bot didn’t start and I had to restart it the next day.
However, I think this was down to a glitch on my VPS rather than the Bethawk software.
I’ve now finished my marathon trial, and, after a big dip in the middle, the system has completed an excellent recovery and posted six positive months in a row.
Early on, the author Keith told us that the expectation was 60 points’ profit per month with the systems I was using.
Our results have pretty much met this target, averaging 58 points, in spite of the big dip in the middle.
I therefore have no hesitation in awarding BetHawk a Pass mark, and I, for one, will be converting my trial account to a paid subscription.
It is a little complicated to work out which of the different subsystems to use, and then to figure out what bank size to use with them. But Keith is extremely helpful in providing both data and sensible approaches to help you make these decisions.
A couple of thoughts on subscription costs:
- I used very low actual stakes, because I didn’t want to risk too much on an unknown quantity. And the point has been well made in readers’ comments on previous articles that, in reality, you would need to use a significantly higher stake than I did to make a profit over and above the cost of the subscription.
- The minimum subscription is £25 per month and gives you 5 credits, which means you have 5 stakes of £2 to allocate across the various subsystems. I ended up with 5 systems, so in my case, I would have been betting at £2 per point instead of the 50p I actually used.
- It follows that I would have made £1,392 for a total subscription cost of £25 x 12 = £300. Which works out at a net profit of £1,092 after fees.
- There are higher cost subscription levels available if you prefer to be more adventurous.
If you’d like to find out more about BetHawk, you can do so here.