The Bf Bot Manager and TippingSports enable automated betting on the Betfair Exchange only. But there are some users who have to pay the dreaded Premium Charge, or they cannot access Betfair Exchange, or they can but their country’s version of Betfair Exchange has fewer markets (Spain) or a higher commission (Australia 6%, Peru 6%, etc.) than the UK Betfair Exchange (2%) and thus becomes a poor choice for value betting. For this reason I am always on the lookout for other automated betting software. I found and have tested out Smartbet.io.
Smartbet.io is a website that has freely downloadable software that currently enables automated betting on PS3838, a white-label version of Pinnacle. PS3838 has Pinnacle markets and Pinnacle odds, just the name is different. It used to have automated betting on Bet365 and other bookmakers, but currently that is not available. They are working on trying to expand the number of bookmakers they can enable automated betting on. So in the future I am hoping it will have automated betting on Bet365, the real Pinnacle, William Hill, Unibet, Bwin and other famous bookmakers.
On Smartbet.io, tipsters accounts are called “Sources” that get sent to your bot if you follow them. Tips are “pay-as-you-receive”. So there are no big payments for pick packs or monthly subscriptions. Everything is pay-as-you-go.
One VERY unique and excellent feature from a follower point of view is that tipster results (source results) are only logged on the website IF a bot places a REAL bet on that bet. The odds recorded are the REAL odds that a bot placed its bet on at PS3838 and that your bot will also be able to get. Many tipster websites allow tipsters to post tips that even the tipster is not betting on, they just hope for a lucky run and to trick users into paying for their lucky run. But Smartbet.io tips are only logged if someone actually bets on the tip through the Smartbet.io software. So if you see a source with good results, they are REAL results that you can believe. It is the strictest tip verification I have ever seen. (For comparison, the TippingSports results are based on real Betfair closing odds, but it is possible that no-one, not even the tipster, actually bet on those tips. The odds are still 100% 3rd party verified by TippingSports with Betfair closing odds, so they are trustworthy and very meaningful for people who bet on Betfair Exchange. On Betingmetrics.com, tipsters could select the highest odds available at any of the bookmakers listed on the site, even minor sportsbooks that were relatively unknown and unlikely that people would use. On BetAdvisor (a now defunct tipping website) the tipster could enter their own odds into each tip, which meant results were often based on inflated, impossible odds that no follower could get. So proper tip verification is VERY important.)
Betaminic have just started up their own Smartbet.io source called “BETAMINIC1”. It says it posts tips from the same 7 strategies that the BetaminicSys account is using. So that means it is possible to follow the BetaminicSys tips on Smartbet.io with 100% automation on a pay-as-you-go style.
The way costs are calculated using Smartbet.io are quite unique and take a little time to understand because it is connected to your stake size.
You can read their detailed explanations here.
https://smartbet.io/pagefeessmartbetio/feessmartbetio
https://smartbet.io/forums/topic/30/what-is-the-smartbet-io-fee-structure
My super simple explanation is this:
In the case of Smartbet.io, pick costs and software fees are paid per pick through the Smartbet.io website.
A fee is paid to the website for use of their software for each pick received. This fee is proportional to your stake size.
A fee is paid to the website and passed on to the source (the tipster) for each pick received. This fee is either a fixed pick fee or proportional to your stake. It depends on the source (tipster).
The BETAMINIC1 source fees are displayed like this:
This means that you pay 1 EUR to Betaminic each time you receive a pick from them in the Smartbet.io system.
The SMARTBET.IO fees are displayed on the fees page like this:
This means you pay 0.5% of your stake + 0.01 EUR to Smartbet.io each time you place a bet.
Automated bets are “Standard Orders”. Direct orders are bets you place manually yourself through the system.
So
The Cost = 1 EUR per pick to Betaminic + 0.01 EUR + 0.5% of stake as fee to Smartbet.io
Example 1: a 10 EUR bet on a Betaminic pick costs 1.06 EUR
0.01 EUR (fixed fee) + 0.05 EUR (variable fee) = 0.06 EUR per bet to Smartbet.io
1 EUR (fixed fee) to Betaminic (deducted from Smartbet.io balance)
Example 2: a 100 EUR bet on a Betaminic pick costs 1.51 EUR
0.01 EUR (fixed fee) + 0. 5 EUR (variable fee) = 0.51 EUR per bet to Smartbet.io
1 EUR (fixed fee) to Betaminic (deducted from Smartbet.io balance)
Example 3: a 1000 EUR bet on a Betaminic pick costs 6.01 EUR
0.01 EUR (fixed fee) + 5 EUR (variable fee) = 5.01 EUR per bet to Smartbet.io
1 EUR (fixed fee) to Betaminic (deducted from Smartbet.io balance)
This could work out as being cheaper, similar or more expensive than following through Betamin Builder or TippingSports depending on your stake size and what pick package/subscription period you are comparing with.
For example, if you bet 100 EUR each time on the 862 picks from the 3.5 month period we have been analysing from the BetaminicSys set of strategies, then it would have cost 1.51 EUR x 862 picks = 1,301.62 EUR in fees
with a profit of 100 EUR stake x 102.89 points (based on Pinnacle closing odds which should be the same as PS3838) = 10,289 EUR
10,289 EUR profit – 1,301.62 fees = 8,987.38 NET profit after fees
How does that compare?
1 point = 100 EUR
Profit
Pick Costs / Automation Fees
NET profit
Large Stakes Betting
Manual Pinnacle betting
€10,289 profit
€-504
€9,785
Cheapest non-Betfair manual betting
Manual Betfair betting
€11,749 profit
€-504
€11,245
Cheapest Betfair manual betting
Automated Bf Bot Manager
€11,749 profit
€-544
€11,205
Cheapest Betfair automation
Automated TippingSports
€11,749 profit
€-580
€11,169
Automated Smartbet.io
€10,289 profit
€– 1,301.62
€8,987.38
Cheapest non-Betfair automation
In the above case I use the cost if you can pay for the biggest pick pack or the longest subscriptions. The Bf Bot Manager and TippingSports seem to come out most reasonable automation choices. So Smartbet.io is the only really necessary if you can’t use Betfair.
But what if you don’t want to buy the biggest pick pack or the longest subscriptions? What if you want to test your feet and pay-as-you-go with the smallest pick packs or on the shortest possible subscriptions? What if you don’t want to risk 100s of euros? Then Smartbet.io looks much better.
1 point = 20 EUR
Profit
Pick Costs / Automation Fees
NET profit
Small Stakes Betting
Manual Pinnacle betting
€2,057.80 profit
€-1,025.78
€1,032.02
Cheapest non-Betfair manual betting
Manual Betfair betting
€2,349.80 profit
€-1,025.78
€1,324.02
Cheapest Betfair manual betting
Automated Bf Bot Manager
€2,349.80 profit
€-1,145.74
€1,204.06
Automated TippingSports
€2,349.80 profit
€-919.96
€1,429.84
Cheapest Betfair automation
Automated Smartbet.io
€2,057.80 profit
€-913,72
€1,144.08
Cheapest non-Betfair automation
So for users who don’t want to pay for big packs upfront or don’t want to use Betfair, then Smartbet.io looks a possible alternative.
It is also interesting that in this simulation TippingSports automation also seems to work out best for users who want to pay month-to-month for a short subscription.
One more big advantage is the PS3838 bookmaker has Pinnacle markets, so ALL Betaminic picks can be placed. Betfair sometimes does not have all the Betfair markets and picks can be missed.
Screenshot taken from https://smartbet.io/
Paying fees
To pay fees on Smartbet.io, you need to make a payment to Smartbet.io themselves. I did it with PayPal, but I think they do have other deposit methods.
You can do this by clicking on the chat function on the lower left of the Smartbet.io site screen, then clicking through to “Deposits – Withdrawals” and leaving a message that you want to deposit or withdraw money.
If you want to try Smartbet.io, you get a free 2 EUR starting balance when you signup. So you can test the software without paying anything or making any deposits.
If you do decide to try Smartbet.io, when you make your FIRST deposit, tell them “I would like the TomW 50% deposit bonus.” And they will give you a deposit bonus on your first deposit of up to 25 EUR. So a 50 EUR deposit will give you 25 EUR as a free bonus. In terms of Betaminic pick costs, that is a big discount for a small pick pack considering the 29.75 EUR pick pack has 0% discount on Betaminic. Note that this is only for the first deposit and the maximum is 25 EUR, so making a 50 EUR deposit is the best way to take maximum advantage of that offer and you get 75 EUR in your account for a 50 EUR deposit. Also, new users get 2 EUR in their Smartbet.io balance anyway, so you would start with 77 EUR with a 50 EUR deposit if you say “I would like the TomW 50% deposit bonus.” That is enough for 69 Betaminic automated picks through the software.
But you need a PS3838 account for the Smartbet.io software. PS3838 accounts can only be accessed through betting agents. I use BetInAsia and I can recommend AsianConnect for UK, Australia and other residents who cannot use BetInAsia. Between those two agents they cover almost all the world.
