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Base criteria needed for a betting bot to be functional

A betting bot is nothing more than a computer program that bets on Betfair in our stead.

In this article I will not be talking about the programming aspect of which I know little about. Instead I'll be talking about the most important aspects you should take into account when thinking about creating a statistics based bot, before you go spending your time programming.

How does Betfair’s cross-matching algorithm affect the order of the matched bets?

In what way does Betfair's algorithm know as cross-matching alter the matching order of the market?

Did this algorithm in any way affect the normal way of operating in which the first placed bets would be the first bets to be corresponded at that odd?

What is a betting bot, how do they work?

In short, a bot is a software that places your bets automatically at betfair, based on if{} conditions.

Making a bot is no more than programming the mathematical conditions that we already use mentally when we are performing a bet or trade.

How to win money betting on tennis

Tennis is one of the best sports for betting on Betfair, with plenty of opportunities to make money, both before and during the games.

The full time bettor and tennis expert from Betfair blog, Sean Calvert, highlights the best ways to maximize your profit...

What is a Lay bet? (example)

The possibility to bet against something, or simply the Lay bets, is the key to allow us to trade sports bets. Without Lay bets, there will not be trading.

This type of bets are only available in bet exchanges such as Betfair (the largest one). Lay bets are not available in traditional bookmakers.

Punter vs Trading

There are two main ways to make money with sports betting: Doing simple bets (Punter) or doing trading.

Here you'll find two videos (engish subtitles) to learn how to place your first bet and how to do your first trade on betfair website, and also to learn the main differences between simples bets and trading.

Trading Software

The main advantage of using software is the speed with which you can enter/modify/cancel orders, compared to the Betfair site.

Additionally, software such as BetAngel has certain characteristics that are essential for some specific trading strategies.

Introduction to trading on the Betfair betting exchange

A simple introduction to the mechanics of trading. Learn what trading is and how to do it. This video gives you a step by step guide, broken down into clear instructions so you can understand exactly what trading is, why it works and how to do it.

What should be done when Betfair is down?

Being trader carries risks.
One is that Betfair fails between a negotiation.
Sometimes we will win from the situation, others suffer.
 
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