We’ve always had pretty mixed experiences with software trading tools, or ‘bots’, on my site.
I don’t propose to go over old ground and review them all now – seriously, the story has just been too painful, not to mention expensive! – but equally, I refuse to give up on the idea!
And anyway, I rather like the look of this one. 🙂
Welcome then, one and all, to my trial of Winningmore’s Steamer Drifter Bot!
And, without further ado, here follows my “SD Bot FAQ”…
1. What is a ‘steamer drifter bot’ when it’s at home?
It’s a piece of software that bets on the Betfair market on your behalf.
Specifically, it backs steamers and lays drifters – based on the belief that these market movements reflect expert punter sentiment.
It therefore should save you time and (hopefully) make you money too.
2. Is it difficult to run?
No. You enter a few parameters at the outset into the Settings screen then press a big button labelled Start.
It then runs happily in the background!
3. Why use a bot at all?
In theory, the bot can trade the market without getting tired, needing a stretch or a coffee, or getting upset if it has a bad run.
It may therefore help you trade in a more rigorous manner and look at your betting in a more dispassionate way.
I find, with bots, that I tend not to react to every individual bet, but review my progress with a little more perspective (e.g. on a daily or weekly basis).
4. Do you need bookie accounts?
No. All bets are placed on the Betfair exchange.
5. How much does SD Bot cost?
The product is available on licence only. It currently costs £69 for six months or £99 for twelve.
6. How much will it make me?
Of course, that’s what we’re here to find out. The sales page suggests we should be aiming at a few points per day. Actual profits will obviously be heavily dependent on point value.
If it works (big if!) SD Bot could be very profitable, simply by virtue of the fact that you can let it run all day, every day.
I intend to use it to trade daily UK and Irish racing. I cannot imagine trading every single race myself but this thing has no life or kids and doesn’t get a stiff neck!
7. What are the technical requirements?
The sales page summarises them as follows.
8. Can I tell what it’s doing or is it a “black box”?
Yes, all trading settings are visible to the user and can be varied at any time.
The manual comes with some recommended settings that I intend to follow in the trial.
You can also hear all about it by watching the sales video!
9. How do I know it won’t ruin me?
There is a stop loss facility.
So assuming that works… no problem!
10. What size bank should I use?
I suggest 100 points’ minimum as SD Bot is going to trade a lot of races.
11. Will it get in the way of other ‘normal’ betting?
Well, no basically, but of course your results will be intermingled on the Betfair Profit and Loss screen with any other betting you may do.
I absolutely love the concept.
The idea that a piece of software can trade the markets and make money for me is almost intoxicating.
So.. can SD Bot seriously, actually, deliver regular profits?
I’ll be back by Christmas with my first report!