|Auto-BF acts as an automated trader on your behalf. Using the MarketFeeder Pro API engine,
Auto-BF monitors the Betfair betting exchange and places automated bets on your behalf.
So what exactly is the software doing?
If you choose to trade with Auto-BF using its default strategy, then the software monitors UK horse races on the betting exchange, however our software is far more capable than this It calculates how much money it needs to bet, in order to secure you the profit of your choice. If the horse happens to lose, then it instantly recalculates how much money it needs to bet, in order to recover your loss, as well as secure your profit. Here is a typical example:
Your specified profit is to win £5 per race -
You happen to lose four consecutive races, and are currently down £50 - The software knows that you are betting on the fifth race and are down £50. So therefore it knows that for the next race, your intended overall profit needs to be 5 races x £5 profit target, as well as your £50 loss. Therefore in the next race, the software calculates that you need to achieve a NET profit of £75. So if you win this 5th race, you will get back £75, which is the £50 loss recovered, plus an overall £25 profit.
Lets look at this a different way. Lets assume you happened to win all five of these races (unlikely we know!) and your profit target was set to £5. It means you would win 5 races x £5 profit target, which is again £75.
So basically, you'll win the same amount of profit, whether you win races or lose them!
So what is the catch? Well there could be a very long run of consecutive losing bets. Naturally each consecutive bet will tend to increase in size, so there is always a risk that with a very long run of losing bets, you could run out of money. For this reason we introduced various other options in the software, including a stop-loss, recovery method, bet in win and place markets, adjust the loss recovery percentage, and much more.