One of the great features of Grey Horse Bot is 'Ladder Staking' which allows you to vary stakes based on the odds available for the selection. This is powerful because it allows you the opportunity to both max bet and minimize stakes when necessary. I use this feature to automatically select value bets when betting on the Bet or Trade Tips selections. What I will do is run you through a scenario I use successfully to find value bets, and for this example I will use Bet or Trade Tips selections.

For each race of the day Bet or Trade Tips provides 3 selections, usually at varied odds and to save myself from manually having to trawl through each of the selections to find good betting opportunities for the day I just set Grey Horse Bot up in Manual Mode with Ladder Stakes set to ON and then decide what odds range I want to start and finish at, and the stake amounts for each.

For example: I might set the lower odds limit to 6.00 and the upper odds limit to 30 and stake the following:

6.00 to 13.00 : Stake £10.00

13.00 to 20.00 Stake £5.00

20.00 to 30.00 Stake £2.50

I then manually add each of the 3 selections for each race into their respective markets in Grey Horse Bot and press the start button.

What happens now is Grey Horse Bot will monitor each market I have enabled with selections, and when one of the selections enters the applicable odds range it will automatically place the bet for me, using stakes that are determined by the price itself.

Even if the selections contain say a short-price first and second favourite, I still enter these in as selections because during the course of the day the price might drift out to actually enter one of the odds ranges I have set, and believe it or not drifting favourites can and do win!

The staking guide I have given above is purely that, a guide. You can set your stakes to whatever you want and add as many odds bands as you want. If you have more than 1 selection then this is an ideal way to be based solely on price. Some times you might get all selections bet on, other times no qualifiers at all so no bet is placed.

The other strategy to use if there is a favourite in the selections is to set the stakes accordingly to be larger on the short-price selections and then use cover-bets on what are deemed 2 real dangers to the favourite. This can work well.

Ladder Stakes are a great way to save money, and maximise return on investment.

You can use whatever selection method, tipster service, newspaper naps, etc that you want. All you are telling Grey Horse Bot to do is stake a set amount based on the odds of the selection itself. If you can't be around the computer all day waiting for races, then simply program your selections in the morning and then set the minimum and maximum odds limit, adjust the stakes for each odds band, and press the start button.

It really does not get any easier than this. You can use this strategy so effectively to build up a betting bank, I have been using it for years. The key is the selection method, the better the selection method that throws up the qualifiers, the more effectively you can use this method of staking to best advantage. It also allows you to take selections from services like Bet or Trade Tips and then only bet on the ones that actually meet your price criteria at the stakes you want to bet them.

I have some more Grey Horse Bot tutorials and videos about staking which I will publish over the coming weeks. I will also get some videos for Grey Horse Bot up on the site in the very near future to clearly demonstrate all these tutorials in action -- you can see how to win with Bots, and that is the main purpose of this Bet or Trade Bots site after all.