Hi all, it's often said that Betfair SP is the closest thing to a horse's true chances of winning and you can't make money backing or laying at SP because of commission.
I've been on a long journey of machine learning, data scraping and coding.
Built a custom bot which backs horses when the true chance is overestimated by Betfair users. The wisdom of the crowd is quite wrong by 14.20% POT over 394,388 horses bet on.
The plan is to now put $2,000 into my Betfair account, betting $2.00 per horse that my bot suggests on UK, IRE, AUS, USA and RSA races.
When my bank reaches $3,000, I'll bet $3.00 per horse and so on.
I'll take out any extra to pay myself for the software and VPS.
So, if my bank reaches $4,040.00 for example, I'll withdraw the $40.00 leaving $4,000 and betting $4.00 per horse.
Note: I will sometimes be betting on multiple horses in a race, therefore the low stakes as I need variance to play out.
The bot and my strategy will not be shared nor sold for any amount of money, I've worked too hard on this.
With that being said, I'm going to see just how much money I can pull out of the betting exchange, backing these anomalies at Betfair SP.
I'll be starting next week and will try to post daily profit and losses. 14.20% POT fully automated is not to be sneezed at I'll try and post screenshots of the profit when I can.

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