A combined effort strategy.....

[Satan]

Hi All,

Long time reader first time poster. I would like to know what all of you think about either clubbing together or for one very seasoned betfair master to come up with a piece of software that will make an easy 1-2% per day on betfair and I think I know how it will do this.

first of all as I am sure you all know the markets never stay quiet for long, during my recent football betting spree when I was dutch trading (if you can call it that) I kept noticing that the Best Price Percentage (BPP) often dropped to below 99% sometimes as low as 97% (especially in the Lay section). Now my point is that there must be a way either currently or one that can be made to take advantage of this by placing the necessary bets at a speed to get the odds below the 100% mark, with me?

I've read about software that can bet quick and lower than BF standard £2 minimum but dealing directly with BF API software and this is how I feel this venture of mine would be best directed.

Any thoughts and comments welcome, it can be done why not be the first to do it, not to get greedy as am sure even software will not be fast enough at times but there is always more than one match/race that can be gained from.
With the use of compounding it could be a great money spinner I think 99% risk free.

Thanks all
Satan

[The Joker]

If your talking about arbing a Market to lock in a small proffit then it is of course possible, infact there were / are pieces of software that already do this, not only that but creating an arb bot wouldn't be that difficult and I suspect there will already be many people running these from vps 24/7 , why do you think the price doesn't stay there for long?

It's a good idea but by no means a new one! Sorry !

[Satan]

Yeah I didnt think it would be unique but you don't really see any pieces of software out there with this as there specific mission.

I understand many will run these on VPS but I was just wanting something to run when out or at work that would make me that 1-2% per day. As you have pointed out this could be seen as arbing or it could be seen as early non in-play trading too :P

But like I said the football match I am just betting on the Zenit st Petersburg game the lay odds have dropped to 98.3% surly there is a piece of software that I am not aware of, and if so please point me in the way of this, as soon as the bets are place on this then that would be the target met for the day, end of, thats all she wrote and away out to enjoy life.

Sorry a wee bit dramatic but still does anyone else like the idea or use it?

[Cran]

at 2% per day if you start with £100 you'll have £137,000 in 12 months

like Joker said, good idea, but is already being done and unless you have a bot running on a VPN you're unlikely to get your bets placed quick enough to get matched on all selections all the time and you could end up with liability.

There is dutching in a few applications, but if you want to dutch all selections for guaranteed profit, it only actually works on sales videos

If anyone is doing this type of thing and making real money then they won't be selling it as a ready made solution, people generally sell systems that don't work (or used to work but don't any more), so if you want to do it you'll have to write your own.

Start with the free API, then if you can make money with that consider upgrading to the full API and VPS (which will cost £200 a month+).

http://bdp.betfair.com/

keep thinking up the ideas and testing them out, there are always ways to pull money out of the markets if you can find them.

[TRADER68]

As Joker points out lots of bots are already doing this.Remember you want the lay side above 100% if your trying this.

[eggman]

As Joker points out lots of bots are already doing this.Remember you want the lay side above 100% if your trying this.

Just because lots of bots are doing it, doesn't mean you can't too. Your bot just needs to be smarter!

[bazbaz]

Your bot would need to be quicker, which would be some acheivement as there are probably people out there with an almost illegal advantage on these things, there has been talk of betfair technicians or someone beating the 4 second clock delays on football when a goal is scored so it wouldn't be too hard to imagine someone gaining a bit speed advantage over the rest of us. Betfair's have their own cross matching bots as we know and it wouldnt be too much of a surprise if they didnt do this kind of thing themselves and there would be no way of gaining advantage above them Im afraid

[KingA]

Bots rule Betfair markets. Some Bots are used just to make a market move in-order to trick other Bots into action who are awaiting for such "moves". e.g. in-running a horse makes a poor start in a sprint race sometimes the back price is seen to drop the reason for this is to trigger other bots into following the false market move.
Beware the Bots!

[morthill]

Hi,

Actually I am doing this.

All you need is to find a developer but then you also need to know what your laying limits should be.. I think you are going to lose money if you blindly fill in the 'gaps' on Betfair. Your money will be mainly matched when you are giving a bit value.. Ruining all your smart lays.

[rlab]

If you can define the trigger parameters, Market Eater should be able to do it- in theory.

[Iainstein]

Laying for a guaranteed win

Another issue that you need to consider is that it isn't the wager you submit that counts, it's the wager that is matched. If some of your lays are not matched then your maths are likely to be compromised?

[lewismbet]

at 2% per day if you start with £100 you'll have £137,000 in 12 months
.

I think in addition to the problems mentioned about implementation mentioned above this is one of the major problems. to make money the next day you are looking to make £2500, by picking up 1-2 ticks at a time. The orders would need to be huge and your edge will not accommodate large orders.

Don't be put off, it is possible to make money from these small edge strategies however they are limited not by bankroll but instead by ability to be filled.

[joneyyy1981]

at 2% per day if you start with £100 you'll have £137,000 in 12 months

wow is that true? what would 1% bring?

[nigelbleddfa]

If you put one grain of rice on one square of a chess board, two on the second, four on the third, etc. , you would end up with more rice than India produces in one year. Compound is good !

[Cran]

how would you fit it on the chess board?