Hi Everyone, Keith here again with the start of a new review, this time it’s Magic Soccer Bot.
Magic Soccer Bot is the latest in a number of systems/automated bots from Steve and Michael at ‘winningmore’ and has P/L figures on their website dating back to 15th July 2017 so just over 6 months.
So what does it actually do?
Magic Soccer Bot places lay bets on the favourite score in the pre kick off Correct Score market at Betfair using a recovery system if the lay goes against you ( more on this later ).
The software allows you to input certain criteria after which it’s left alone to get on with the job.
3 separate selection/staking strategies are allowed at the same time with each having independent recovery figures.
There are 6 suggested strategies on the web site, 2 are now discontinued and 4 still in use, and we will be using what have been the best 3 of these so far, numbers 2, 4 & 6, and the base stake will be the suggested 10p per bet.
Although the 3 strategies we will be using all use a recovery method I will also be looking at the figures based on a level 10p stake as a comparison.
Setting up the bot if you wish to follow the suggested strategies is pretty straight forward by just copying the settings from the manual. It’s simply a case of turning each strategy on and waiting for bets to be placed.
After setting up the bot and reading the manual etc I must admit to a few concerns regarding the recovery methods used. In simple terms it uses a modified Martingale recovery system, the M word always being a worry. The modification is this:
The software has up to 20 tabs for the bets to be placed on, this seems to be done on a first come first served basis so the very first match you bet on will be on Tab 1 and after that bets will get spread out amongst the other tabs ( 10 tabs seems to be the suggested max for the strategies we will be using ). When there is a losing lay the loss is also spread out between these open tabs.
Now of course instead of 100% of the loss being thrown at the next bet in true Martingale style it means that only part of the loss is given to each tab which reduces the liability of each. The down side to this of course is that instead of needing 1 winner to recover with standard Martingale you actually need multiple winners or the stake can spiral out of control although max liability etc are set in the strategy settings.
Remember we are laying what the market determines is the most likely score which will generally have odds around the 7.00 – 9.00 area. The majority of these seem to be 1 – 1 which isn’t surprising if you ever look at football stats. Btw the 1 – 0 score is ruled out as a qualifying bet on all 3 systems.
Whether my concerns will be justified or the modified recovery system works we will have to wait and see.
There are no suggestions of what bank size should be used in the manual or the website so I asked Michael direct and his answer was “for 10p stake, you can keep 100$/GBP for each strategy.” This of course is the equivalent of 1000 points per strategy so for running the 3 strategies together a bank of 3000 points is required. This also suggests that there could be sizeable draw downs if 1000 points is required per system.
The 3 strategies we will be using have shown, according to the official website, a return of 698.2 points over the last 6 months when using the recovery method. The same strategies have shown a return of 207.8 points to level stakes. If those figures were to be continued through the second 6 months then 1396 & 415 points would be achieved respectively.
Given a 12 month license is £120 that means we would need a stake of 8.6p using recovery or 28.9p using level stakes to break even. A stake of £1 per bet, which would require a bank of £3000, would in that case give us a profit of £1276 using recovery or £295 using level stakes. Remember this is from the web site figures and although we have no reason to disbelieve them, they are unverified.
Time now to see if we can replicate the figures on the web site. Check them out for yourself here.
** Please note that the bot was started and the review period started on the 13th Feb but due to illness the intro from myself to Amy is late. The next update will be around 13th March **