If you have subscribed to EasyBetbot( http://easybetbot.com/) in past, then you can go through this manual very quickly. Let’s start the deep dive into the Fav Money Bot.
Once your open the bot, complete the registration process and click on desktop icon, then you will see the below screen, where you must input your betfair id and password and click on login.
Select the right betfair in the domain and put your credentials and you will able to login into the Fav Money Bot.
On the left-hand side, you can see all the markets related to Horse Racing for Aus/NZ,UK, Ireland and South Africa which are available for next 12 hours have been loaded upfront.
Wallet : it will show the current balance in your betfair account.
Profit:It will show the overall profit/loss for each Back 1/ Back 2/ Back 3/ Back4/ Back5 / Back6.
In Fav Money bot, you can run up to 6 different back strategies.
You can select countries you want to bet for each strategy.
For example : Back 1 – you can bet only on UK and Ireland, Back 2 – you can only bet on UK etc. Also, you can tick/untick based on your choice to bet on Handicap / Non Handicap or harness racing for Australia.
Market to bet: You can select the market which you want to bet on- Place or Win market.
Minimum amount matched: Amount of minimum money should be matched in the horse race for bot to make a qualified selection. In order to avoid low liquidity matches, at least keep $5000 or more as per your equivalent currency.
Maximum amount matched. If you want to not bet on a race that has a very high market matched, in big major races you may not want to bet these races, if that is the case you can set a limit, so if the market is higher than that figure a bet will not be placed on that race.
Runners: Select the numbers of runners.
First Favorite min and max price : - You can control the first favorite price range with these parameter, say for example , you want to bet only if the favorite is between 1.5 to 2.5.
Handicap/ Non- Handicap: - Please tick the boxes as per your betting system.
Let us get into staking now. What you see below is the session screen for auto betting side. Let us see what staking plans the bot offers.
There are three staking plans which the user can select for each Back 1, Back 2 , Back 3 , Back4, Back 5 and Back 6 when the user is creating any new session.
Level Stakes: - user should input the stake he wants to bet on every race. Yes, standard level stakes betting, stakes will not change.
He will like to continue with same original bank if profit is hit
Or he wants to adjust to the new bank if the profit is achieved
And a Stop Loss can be used, so if a series loss starts to climb you can set a figure (money amount) that the bot will stop the series and restart it.
User will accordingly set the option he wants to bet upon.
At any given point in time, if user wants to reset his staking plan completely, he should press Reset Fav Money button.
Back 1-4 Staking plan ( https://www.back1-4.com/ ) : - it requires the initial bank user wants to start with along with the base stake.
Either you can try Bet- by- Bet approach or Daily approach.
At any given point in time, if user wants to reset his staking plan completely, he should press Reset Back 1-4 button.
Stop at winner staking :
Target Profit per bet is the amount which you want to make from each winning race.
Stop@profit each tab is the amount of profit which you want to make from each tab.
Stop@profit for bot is the overall amount of profit which you want to make from the bot overall.
In FavMoneyBot, Here you can run (upto 10 cycles) for Stop At A Winner betting. It has 10 tabs as you can see on the screenshot above.
Please use the number of tabs as advised in the settings.
Above is the view of one of the tabs, I will discuss details in tab view later.
Stop Loss for each tab – is the value once passed then the tab will either stop betting or restart the sequence of betting or continue with the same sequence.
Please keep in mind, bot will pass the stop loss figure , as it will place a bet, if the loss is below the stop loss , so remember, a 10 stop loss could actually be much higher. Once the stop loss has been passed, it will either stop or restart ( if option is ticked).
Example : If stop loss is set at 50, and the tab has a loss of say 48.00, the bot will still try and recover that 48 as it is under 50, so if the odds are say 2.0, then it will bet around 50 to recover the 48 loss plus the target. Meaning you will be at 98 should the bet lose. That is when the tab would stop trying to recover the loss.
Continue Buttons
Continue button swill ensure that the bot should not stop once profit target is reached ( per match or per tab) but it will start the fresh cycle. So, if you want to keep running the bot always, please keep the continue button ticked.
Here you can see three buttons – Continue with restart and continue without restart and one is don’t continue.
Once the stop loss has been hit for any tab, then you would have option to continue betting as it is or start a new cycle or don’t continue at all.
Very important – Please use the option “Continue with restart”ticked as otherwise you are exposing yourself to big risk. You may lose your bank if you have a losing run and continue without restart is checked.
Please remember when you select continue without restart or continue with restart button; you will get above pop up which needs to be clicked OK. This is mandatory betfair requirement.
With distribute losses, as soon as you have losing bet in any tab, the loss will either will distributed equally to all enabled tabs ( say out of 20 tabs, you have enabled only first 10) , so losses will be distributed among 10 tabs.
Profit Delta – This is another great feature in the bot. Profit delta is the amount by which next Back stake will be increased once you have the losing bet.
For example, if your stop@profit per match is $1 and you have profit delta as $.5, then if you have first match as a losing bet, then your 2nd target will not be $1 but it will be $1.50.
Plus what additional stake you may have because of the losses in other tabs, as that loss will be distributed to other tabs based on the option you have selected.
When you tick – allow Non Handicap, it will load all Non- Handicap races. Similarly, when you tick - Allow Handicap, it will load all Handicap races. You can select both or either of them as well.
For Harness, You can either select Harness by ticking the box on Allow Harness and for for Harness lovers, if they want to do only harness racing, please tick “ Allow harness only” and it will grayed out every other race but harness racing and accordingly, you can select Trot or Pace if you want to.
Mexican wave : - This is very important that it is ticked. This instruction makes sure that the betting is allocated to each enabled tab, and then starts again. If unticked it will bet first available tab and not rotate with all available tabs, and it is not the best option.
Start button: - Once the settings are set by the user, press the start button in order to start the bot.
Stop button: - press the stop button to stop the bot.
Log out: - press the log out button and you will come out of the bot.
Clear button: - When you start betting next day, the bot will start from the same cycle where you left it previous day unless you use a clear button and want to start fresh. If you want to continue the same cycle, don’t use the clear button and just press the start button and let it run every day. There are respective clear buttons for each tab as well.
There is one box which you will see at the middle center of the interface.
It will show at what time the user pressed the clear button for the particular tab. The profit/loss for tabs will be shown accordingly from the time the clear button was last clicked.
As soon as you press the clear button, the bot will erase all staking sequence , profit/loss etc and will start fresh.
When you click on software manual, you would have got access to this manual only. Commission: - user input betfair commission.
Auto reload: This button (if checked) will keep on loading the soccer markets for the day every 2nd hour. If you want to keep the bot running on your desktop/laptop or VPS, please keep it checked.
Please keep auto reload checked all the time.
In results tab, you can see all consolidated results for each tab. Cumulative profit is shown at the top
With the export button, you can download all results in .csv file.
Very important to keep the tabs enabled, otherwise bot will not take any bet in that tab, if it is not enabled. Log tab: - it will give you view of what the bot is doing second by second.
This is very important feature in all of our bots. Now, the user can see what the bot is doing second by second. You may not be able to understand everything what is in the log but it is helpful in order to investigate any error.
You can access the detailed log file at the following address:-
If you are our existing user of SAW Deluxe or APS Deluxe, then I am sure you will find favmoneybot very comfortable to use. But if you are new to our bots, I strongly recommend you to go through and read APS manual or SAW Deluxe and the user videos, so you get end to end view on functioning of our bots.
It is recommended to keep the show log unticked as if you keep it ticked, it will write the log in the bot as well which will slow the bot after few days. You can always access the log file in the folder above.
Show market : - when you tick the show market, it will show the real time odds and horse information on the race. It is only required for your information as bot fetches all data from API. So, if you are ok, then you should keep it unticked too. It saves bit of API information for you.
Auto Reload : Keep it ticked, it auto reload the markets every 4 hours.
Start button: - Once the settings are set by the user, press the start button in order to start the bot.
Stop button: - press the stop button to stop the bot.
Clear button : when you start betting next day, the bot will start from the same cycle where you left it previous day session when unless you use a clear button and want to start fresh. If you want to continue the last session, please start with the fresh session.
When you click on software manual, you would have got access to this manual only.
With the export button, you can download all results in .csv file.
If you are our existing user of either of Hedge Horse Bot/ SAW Deluxe or APS Deluxe, then I am sure you will find racedbase bot very comfortable to use. But if you are new to our bots, I strongly recommend you to go through and read APS manual or SAW Deluxe and the user vidoes, so you get end to end view on functioning of our bots.
And you will see we have 3 Tabs enabled, this is handy if races get delayed, you will not miss selections.
The Money setting reflect the currency that your betfair account is in.
So if you have Stop Loss in Fav Money at 40 and your account is in pounds that means the 40 = £40.00, if you account is in Dollars 40 =$40.00
The Minimum Matched in the UK setting is £150,000 or $300,000
On the Time To Bet, we have 15 seconds, but please vary it a bit by a few or more seconds either way, as we dont want everyone trying to bet at the 15 seconds mark.
Australia 1st Fav Settings.
We have the commission set at 8%.
And you will see we have 3 Tabs enabled, this is handy if races get delayed, you will not miss selections.
The Money setting reflect the currency that your betfair account is in.
So if you have Stop Loss in Fav Money at 40 and your account is in pounds that means the 40 = £40.00, if you account is in Dollars 40 =$40.00
The Minimum Matched in the UK setting is £50,000 or $100,000
On the Time To Bet, we have 15 seconds, but please vary it a bit by a few or more seconds either way, as we dont want everyone trying to bet at the 15 seconds mark.
Below is the sequence chart.
Don't worry about the total at the bottom, as you will be getting winners, and you will have the Stop Loss in place.
The different colours show a drop back in the scale.
Below shows the full 40 bets.
As mentioned above, you will have your stop losses in place, so if the results are against you these will kick in.
Also, yes the Minimum matched figures will stop a lot of bets being placed, but we have found that more losing bets are hit on lower liquidly races.
Fav Money Bot bot profitable settings have already been explained in detailed on the sales page
Also, repeating it again that you can access the detailed log file at the following address:-
If you are our existing user of our bots, then I am sure you will find watchthegap bot very comfortable to use. I am sure you will enjoy this simple and entertaining bot. If you want to know more about our bots, have a look on link below