Hi all and ty for your comments.
I think a little bit of clarification is needed at this point.
Like any other bot, petBet is not supposed to work standing alone and always winning. You cannot put the bot to run, go on holidays, and hope that when you return you'll have the money to pay them. PetBet, as any other bot and given enough time, will eventually lose. That's not the point. The point is that when that happens the balance was multiplied by 3, 4 or even 10 its original value.
If you bet on a coin flip paying a 2 odd of winning, your expected profit will be zero no matter how hard you try. As expected profit, I mean the profit you will probably have after a large number of flips. But you the coin is unbalance, and the probability of tails is, for instance, 60% while the paying odd is still 2, then you will have a positive expected profit (as long as you bet tails, of course).
All the testing we've done with this trigger lead to the same result: the probability of doubling your balance is much greater than the probability that the trigger bursts before the balance doubles.
How should one use the trigger then? Well, that is kind of a personal strategy, but here is what I do: I start with a value, say 100, and wait for it to double (depending on the configuration, it takes 2 to 4 days). When it does, I withdrawal the 100 I started with and repeat the process. After recovering my initial investment and if I'm feeling lucky, I wait a little bit more and get some more money. When the trigger bursts (and believe me, it will),
I start over again.
Can I lose money? Sure!! This is gambling!! But the odds are that I win.
In petBet version 1 we implemented an aggressive way to recover the losses and a conservative way of choosing the bet; in petBet version 2 we implemented a softer way of recovering and a less conservative choose - and the results are very good indeed.
We are now working in version 3, that will allow the user to implement planned withdrawals, to make the trigger more autonomous.
A final note for the purists: the trigger doesn't know nothing about horses or greyhounds! It sees only varying odds and runners, and uses this information only to decide the bet.
Thank you all,
the petBet team.