I was going to turn this into a thread so that newbies could see how a bot comes from idea to fruition (and success or otherwise) but I'm too busy atm.Anbell wrote: ↑Sat Feb 27, 2021 7:46 amI tested a new bot today, taking uncovered/naked bsp for a fixed payout of $20, given certain conditions. Active in every race in ANZ, had 500 bets in 90 markets.
It had POT after commission of 15%, which is higher than expected. I'll be very happy if it continues at half that return.
ETA: if anyone is interested I'll post tomorrow's results.
ETA2: I'm only offering this up as an exercise because a) there's been some recent chatter in the forum that you can't make money with prop bets and b) it'll show the variance in any model. If you have a losing few days, like GOAT's trading journey (for just one example) should you change your plan? This articular bot had a good day: should I continue or discontinue? What if I was down 15% on the first day/week? Do I have enough information to make decisions going forward?
So in short, Saturday:
600 bets in 100 markets
Turnover: $1745
Profit after comm: $251
POT= 14.4%
Sunday:
260 bets in 46 markets
Turnover: $695
Profit after comm: $60
POT= 8.6%
Monday (with a couple of races to go in WA)
70 bets in 13 markets
Turnover: $188
Profit after comm: $60
POT= 32%
All of the above have been on the lay side, I had some technical issues with implementing the mirror image back side, but I solved that today.