One of the top betting software’s out there, Gruss Betting Assistant is a well known application.
Amongst others, one of the most popular topics that followers mail in about is which software to use.
Gruss is usually the preferred choice for in-play bettors, although after the Betfair pro traders campaign it’s become more popular for manual trading…
What Is Gruss Betting Assistant?
Gruss Betting Assistant is a 3rd party piece of software that can be used to trade on both the blue and purple exchanges. This means that you can place trades on the exchanges without relying on their website. Using 3rd party tools such as Gruss Betting Assistant will give you access to plenty of features that aren’t available through the exchange websites.
Gruss is owned by two brothers, Gary and Mark Russell. Gary stumbled across Betfair Exchange in 2004, just a few years after the site was launched. After initially using the Betfair website to place his trades, he decided to build his own software that would make trading on the exchange much easier.
The software uses the API to communicate with the exchanges and place the trades that you tell it to. These can be manually executed or you can set the software to automatically trade for you, if you give it a set of rules.
Note: An API (Application Programming Interface) is a method of allowing two pieces of software to talk to each other. It acts fairly similarly to a translator and is widely used in other applications around the world.
Why Use Gruss Betting Assistant?
Although not essential, using an app, such as Gruss Betting Assistant can make trading a much easier process.
Without one-click betting, effective pre-race horse trading is incredibly difficult. It’s certainly possible to trade using the Betfair Exchange website alone, but you’ll often miss good opportunities because it takes too long to enter or exit the market. The markets move fast!
Also; without the ladder interface, it’s very difficult to get a clear picture of the market. For example; you might see that there is a lot of money waiting to be matched at a key price on the ladder that is too far away from the last traded price to be shown on the website. This could change the price action if you weren’t expecting resistance in the market at that point.
Whilst trading software doesn’t make you a better trader, it can help improve your efficiency. You’ll be able to access market information easier and place orders quicker than you would be able to without any software.
Software such as Gruss is probably less important for people who are placing simple, back or lay bets. The software is designed primarily for traders who need to enter or exit positions in the market quickly. Which is why it was so popular with in-running punters when released.
Gruss are always adding more features but here are the main ones that stand out and that you will likely use the most:
Arguably the most simple feature but 100% the most used and most helpful. This is especially true for fast-paced trading such as pre-race horse or any in-play trading where you need to act fast.
One-click betting allows you to preset a stake amount and place a bet with one click of the mouse. Without this, you would have to click on the odds, enter a stake amount and click to confirm your bet. It doesn’t sound like much, but you can miss out on profitable trading opportunities within a second if you’re too slow to enter the market.
Dutching means to bet on multiple outcomes of an event in order to produce a guaranteed profit. Gruss software can make dutching much easier by calculating stake amounts, automatic betting and the ability to set stop losses.
Originally used in financial markets, ladder interfaces allow the user to se all order within a market. When using the Betfair Exchange website, you will only be able to see how much money is available at a small number of price points. The ladder interface allows you to see a much wider range of odds and the orders that are being placed/withdrawn within them.
Tick offset with stop-loss
A lot of traders find tick offsets helpful when scalping. When you place a stake in the market, the software will automatically place a trade on the other side of the book at an offset of your choice. For example, if you want to scalp for 2 ticks profit, you can enter “2” into the tick offset box. The software will wait for you to place an order and automatically place a closing trade 2 ticks away. Should anything go wrong, you also have the option to set an automatic stop-loss. I don’t really believe in stop-losses, but still, the options there.
Allows automated betting from Microsoft Excel
With some basic knowledge of Excel, you can really put Gruss to work and use it for automated betting. They have plenty of tutorials on how to do this properly on their website. The software will work with an Excel sheet and place orders within the market according to commands within the sheet. These orders can be triggered once the odds reach a certain point.
Gary and Russell are quite open to suggestions and actively encourage people get in touch with ideas to improve the software, which is great. If you visit the contact page on their site, you’ll find details to get in touch and enquire about more features.
Is Gruss Betting Assistant Software Safe?
Whilst you do enter your Betfair login details into the software, this information is not recorded by Gruss. It is simply referenced with the chosen exchange and if correct, you will be able to trade from your account.
Arguably the most important safety aspect you should be focusing on is yourself. With one-click betting enabled, it’s very easy to accidentally place an order that could cost you dearly. Because of this, you should try to remember to close the software down when you’re not actively using it, avoiding any miss-clicks.
Using Gruss Betting Assistant:
Most sports trading softwares work in a similar way. If you have used other sports trading softwares before, you shouldn’t have too much trouble using Gruss.
Gruss has a forum available to talk with other traders and ask for help when needed. You can also find plenty of useful resources on their website which includes trading videos and explanations of the software.
Using Excel With Gruss Betting Assistant:
The ability to link Excel worksheets with Gruss Betting Assistant makes the software much more powerful than on its own. On their forum, you can find lots of threads with examples of using the software with Excel to trigger bets.
What are triggered bets?
Using Gruss and Excel together, you can define conditions which will trigger the software to do something. These conditions can be anything from time, price movement to favouritism. Following these conditions being met. You can then set the software to automatically place an order or perform another action (such as greening up) automatically.
Triggered betting can be used for automatic trading or a combination of automatic and manual. For example; you might want to manually trade pre-race odds but then use the software to automatically green up before the off, just encase you forget!
The Excel integration allows for all kinds of automated trading.
One of the most common forms of trading, especially for newcomers is scalping. This involves placing orders at either side of the book that are just a few ticks away from each other. This is best done in stable, sideways markets where there is little volatility.
Luckily, the Excel link with Gruss allows for scalping to be automated. But of course, it’s always worth keeping an eye on it and putting it to use in the right markets.
On the Gruss forum, you can find all kinds of shared Excel files that work with Gruss to help trading, be it manually or automated. Gary has shared a simple scalping sheet on the forum free of charge. You can find it here.
Gruss Betting Assistant For Betdaq…
“Betdaq Betting Assistant” as they call it, works much the same as other versions. Of course there’s one major difference, that being that each will only work for the relevant betting exchange.
Volume on Betdaq has been improving lately and is well worth keeping an eye on, especially during big sports events. At major race meetings such as Cheltenham. Some traders can find it difficult to get matched as their orders are stuck behind huge numbers in the market. If you’re having the same trouble, it would make sense to get hold of Betdaq Betting Assistant and try your luck on the same market with less volume.
How Much Does Gruss Cost?
Gruss Betting Assistant costs just £6 a month, with no initial fee. At the price of a couple of pints (or one posh one!), it’s a great deal. For what you get, it’s priced than some of the other trading software’s that are aimed at the automation the market.
Payments can be made via PayPal which is quick and easy to set up. Alternatively if you don’t have a PayPal account, you can use their payment gateway as a guest.
Download Gruss Betting Assistant Free
Gruss currently offer a free, 30 day trial of their software with no obligations. Most other trading software companies offer this too so it’s well worth downloading it and seeing how you get on. Most other companies offer a free 14 day trial, this is up there as one of the longest free trial periods.
Tech Specs & Requirements:
You shouldn’t have any problems running Gruss Betting Assistant on most Windows computers. The software itself is extremely lightweight and non-demanding. As it’s reliant on Microsoft Framework 2.0 to run, the software can only be used on Microsoft Windows machines. As their website advises, you may need to install Microsoft Framework 2.0 on older machines in order for the software to run smoothly.
Needless to say, you won’t be able to use Gruss Betting Assistant on an iPad, iPhone or any other smart phone.
You should always have a backup machine at the ready encase anything goes wrong with your software, or the computer you are using. If possible, have a backup internet connection too. This can be a smart phone or anything similar, so long as it has the ability to login to the exchange website and close out of a trade if you are having technical problems.
Gruss Betting Assistant is a great tool to use for most sports trading styles on either exchange. If you’re taking sports trading seriously, you should almost definitely be taking full advantage of API software such as this as it will undoubtedly make life much easier.
Compared to other choices on the market, it doesn’t have any groundbreaking features that competitors don’t. However, it’s just as cheap (£6 per month) and offers a huge 30 day free trial for you to test the waters. Although not-unique to Gruss Software, the Excel integration is interesting to those whom want to automate bets. There’s also a bunch of resources such as trading guides and Excel sheets available for automated trading.
As far as manual trading goes, Gruss isn’t a bad option at all. Not quite as customisable as my preferred application although similar in price. I definitely wouldn’t deter anyone from giving it a go.