Betfair Trading Strategies

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SportsTradingExposed

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Hello everyone,

I would like to know if I could find any like minded people who are interested in trading bets on Betfair betting exchange? I've been a full-time trader on Betfair since 2006 and I'm curious if this forum does have any Betfair traders here.

My main interest was always in so called "Pre-race" horse racing trading. Especially British & Irish racing in the last 10 minutes before the start of the race.

I'm using a software directly connected to Betfair API and I'm mostly trading the price action. I take advantage of short term fluctuations in the market and my style could be definitely described as "scalping".

My typical trade does take 10-30 seconds - it's very quick.

The interesting part of my trading is that I have zero knowledge of horse racing. I just trade the price action I see in the DOM interface.

Anybody out there?
 
SportsTradingExposed said:
Hello everyone,

I would like to know if I could find any like minded people who are interested in trading bets on Betfair betting exchange? I've been a full-time trader on Betfair since 2006 and I'm curious if this forum does have any Betfair traders here.

My main interest was always in so called "Pre-race" horse racing trading. Especially British & Irish racing in the last 10 minutes before the start of the race.

I'm using a software directly connected to Betfair API and I'm mostly trading the price action. I take advantage of short term fluctuations in the market and my style could be definitely described as "scalping".

My typical trade does take 10-30 seconds - it's very quick.

The interesting part of my trading is that I have zero knowledge of horse racing. I just trade the price action I see in the DOM interface.

Anybody out there?
Click to expand...

I have been looking into this fixed odds betting recently and automating it, what interested me is putting bets on football for example, cover both sides of the bet, for example this can be done manually on the same game, place a small bet of say 10 gbp on one team (the 5-1 favourite) to win, however the the underdog say maybe at 10-1 to win and the stake you put down is 50 gbp.
so. if the fav wins you break even, however if the underdog wins you are quids in. also of course if it is a draw you get your stake back.
now, does your software do this?
any experience of other systems on betfair etc?
what about "bet bot pro"? (saw this one advertised
so basically the bets are only placed live if all conditions are met like 5-1 fav vs 10-1 non-fav, both at the same time or within a short time frame.

thanks
 
Last edited:
saj1011 said:
what interested me is putting bets on football for example, cover both sides of the bet,
so. if the fav wins you break even, however if the underdog wins you are quids in. also of course if it is a draw you get your stake back.

thanks
Click to expand...

So saj you are referring to Dutching all 3 outcomes! and that too where there is NO loss! how likely it can happen? COnsider these are 3 legs of a spread trade and I am referring to getting all 3 bets at same time NOT legging in! sounds to good to be true !
Have you actually managed to execute such bets? Can you please give a decimal odds example? By the way there are many bots like Bet angle and others mentioned on Betfair website

Here is another one I am trying to see if it can be borrowed from Horse racing "Laying" Bet to loose concept
May people try and see if they can lay 2 horse for a Lay liability of <2.0 each or 3 horses for a Lay odds of <3 each
lets say you get 2 horses lay bet matched at 1.5 each say $10 each
You could make $20/ if none wins
You could make $5 if one of them wins


So in say Financial trading can we find a "Race" where only one outcome is possible and one can "bet " like described above!
 
Hi, I've been on Betfair on and off for several years most betting/trading on football. Been looking into scalping on horse racing recently (using Bet Angel) and purchased a course but still learning what it's all about.

Interested to see where this thread can go. Maybe we can share some ideas.:smart:
 
saj1011 said:
I have been looking into this fixed odds betting recently and automating it, what interested me is putting bets on football for example, cover both sides of the bet, for example this can be done manually on the same game, place a small bet of say 10 gbp on one team (the 5-1 favourite) to win, however the the underdog say maybe at 10-1 to win and the stake you put down is 50 gbp.
so. if the fav wins you break even, however if the underdog wins you are quids in. also of course if it is a draw you get your stake back.
now, does your software do this?
any experience of other systems on betfair etc?
what about "bet bot pro"? (saw this one advertised
so basically the bets are only placed live if all conditions are met like 5-1 fav vs 10-1 non-fav, both at the same time or within a short time frame.

thanks
Click to expand...

I'm using Geeks Toy for my trading and yes - it does this. It calculates all the stuff needed and you can nicely manage your position in the market.

My system for Betfair was always quite simple - to see where the crowd goes and make a profit on the moving price. I was never into trading football. I'm a horse racing trader - just have a look at the today's card and see how the prices move 10 minutes before the start of the race. That's where my interest is..
 
moka2 said:
So saj you are referring to Dutching all 3 outcomes! and that too where there is NO loss! how likely it can happen? COnsider these are 3 legs of a spread trade and I am referring to getting all 3 bets at same time NOT legging in! sounds to good to be true !
Have you actually managed to execute such bets? Can you please give a decimal odds example? By the way there are many bots like Bet angle and others mentioned on Betfair website

Here is another one I am trying to see if it can be borrowed from Horse racing "Laying" Bet to loose concept
May people try and see if they can lay 2 horse for a Lay liability of <2.0 each or 3 horses for a Lay odds of <3 each
lets say you get 2 horses lay bet matched at 1.5 each say $10 each
You could make $20/ if none wins
You could make $5 if one of them wins


So in say Financial trading can we find a "Race" where only one outcome is possible and one can "bet " like described above!
Click to expand...

It's impossible to find an arbitrage on Betfair website because of their "Cross matching algorithm". Basically all arbitrage is taken by Betfair itself and they earn money on this.

There is a possible way to find an arbitrage between a bookie & Betfair. For example:
- there is a tennis match in-play and Bet365 has the price @2.50 for a player A.
- you find a price @2.30 on the same player on Befair.

What you can do is to place a bet with Bet365 and immediately lay the same player on Betfair. This makes you a guaranteed profit.

-------------

The other type of trading is what I do, for example:

I open a horse race 10 minutes before the start of the race. The odds are moving up and down which I'm using to Lay low & Back high on a single horse. This makes me a profit and it is basically an arbitrage - but executed in different times, not at the same time.
 
sofaking said:
Hi, I've been on Betfair on and off for several years most betting/trading on football. Been looking into scalping on horse racing recently (using Bet Angel) and purchased a course but still learning what it's all about.

Interested to see where this thread can go. Maybe we can share some ideas.:smart:
Click to expand...

Yes, let's see where we can go. I've been a full-time Betfair scalper since 2006 so I can give some advice :)
 
SportsTradingExposed said:
Yes, let's see where we can go. I've been a full-time Betfair scalper since 2006 so I can give some advice :)
Click to expand...

hi, i made a bit of an oversight in my last post, the automated betting would work best on sports with high possibility of only 2 outcomes, win or lose (no draw)...

of course were the underdog's odds are 2-5 times ++ the odds of the favourite and the stake on the fav would cover the loss if the underdog lost...so darts, tennis, mma, boxing and maybe american football as very few draws in this.

I am no pro-gambler as you may gather, just trying to brainstorm an automated gambling strategy.

Thanks for input and any advice welcome.
 
saj1011 said:
hi, i made a bit of an oversight in my last post, the automated betting would work best on sports with high possibility of only 2 outcomes, win or lose (no draw)...

of course were the underdog's odds are 2-5 times ++ the odds of the favourite and the stake on the fav would cover the loss if the underdog lost...so darts, tennis, mma, boxing and maybe american football as very few draws in this.

I am no pro-gambler as you may gather, just trying to brainstorm an automated gambling strategy.

Thanks for input and any advice welcome.
Click to expand...

What I see everyday in the market is an overreaction when something important happens in the market. I believe you can easily automate this - when you see a price changes quickly at some direction, it often goes back and corrects itself shortly after.

Darts & Tennis are good examples for overreactions. Just see a few Betfair charts and you should definitely spot them. It looks like a quick shot up or down.

Market making should work well on these markets, too.

To be honest, I'm also not a gambler - I just trade bets & graphs and I know nothing about sports :)
 
ok, so i suppose there are two options:
1/. developing or locate something automated that is accepted by betfair (or similar exchange) that does tennis etc
2/. developing something that monitors 2-4 online bookies to do the best arbitrage

at this stage i don't know if either possible.

obviously my initiative only really works if underdog wins lol, maybe one in eight trades, but the bank is covered as main fav bet covers loss..

35 gbp at 2/1 on fav and 35 gbp on underdog at 8-1
something like that.
 
SportsTradingExposed said:
The other type of trading is what I do, for example:

I open a horse race 10 minutes before the start of the race. The odds are moving up and down which I'm using to Lay low & Back high on a single horse. This makes me a profit and it is basically an arbitrage - but executed in different times, not at the same time.
Click to expand...

With all due respect what you describing is not "Arbitrage" it is basically trading , Arbitrage is something where you lock n profit at exact same time like your Exchange / Bookie type description , "Lay low & Back high" is simply trading
 
what are best bookies / exchanges to get a data feed out of?

betfair obviously and anybody else?

as of course if get feed can analyse live data and develop software to place favourable trades across multiple sources.

thanks
 
moka2 said:
With all due respect what you describing is not "Arbitrage" it is basically trading , Arbitrage is something where you lock n profit at exact same time like your Exchange / Bookie type description , "Lay low & Back high" is simply trading
Click to expand...

Yes, you're right, that's why I added "it is basically an arbitrage - but executed in different times" in my sentence.

Let's call it simply "trading".
 
saj1011 said:
what are best bookies / exchanges to get a data feed out of?

betfair obviously and anybody else?

as of course if get feed can analyse live data and develop software to place favourable trades across multiple sources.

thanks
Click to expand...

Betfair is the one with the biggest liquidity & volumes, then Betdaq, Matchbook and Smarkets. Maybe some more but I doubt there is enough liquidity there.
 
INDIAN WELLS TENNIS TODAY:
Coming up
Today 19:00
King/Shvedova ODDS 2.56
Aoyama/Yang ODDS 3.75

example, i put on 20 gbp for backing fav, it wins me 30, i bet 10 gbp on not-fav and if they win i get circa 27.5 gbp

i can automate this on betfair right?

thanks
 
Last edited:
saj1011 said:
INDIAN WELLS TENNIS TODAY:
Coming up
Today 19:00
King/Shvedova ODDS 2.56
Aoyama/Yang ODDS 3.75

example, i put on 20 gbp for backing fav, it wins me 30, i bet 10 gbp on not-fav and if they win i get circa 27.5 gbp

i can automate this on betfair right?

thanks
Click to expand...

Yes you can even develop your own software. They have an API for this - https://developer.betfair.com/. Or you can use some software available, there are some with Excel integration for example. You can find all Betfair approved software here - https://apps.betfair.com/
 
Last edited:
saj1011 said:
INDIAN WELLS TENNIS TODAY:
Coming up
Today 19:00
King/Shvedova ODDS 2.56
Aoyama/Yang ODDS 3.75

example, i put on 20 gbp for backing fav, it wins me 30, i bet 10 gbp on not-fav and if they win i get circa 27.5 gbp

i can automate this on betfair right?

thanks
Click to expand...
Correct me If I am wrong So your outlay = 30
If King wins you only get 25.6 back so loss of 4.40?
No arbitrage!
Are you trying to DUTCH? use this http://www.aussportsbetting.com/tools/online-calculators/dutch-betting-calculator/
 
it was only an example, i did realise shortly after it was not perfect...trial and error!

so if id did build an automated tool that studies pan-exchange data for what i described "Lay low & Back high", what features should it have minimum?

thanks
 
Snooker, darts and tennis must be the favourites ?
I used to watch horses and greyhounds but couldn't make it pay.
I don't know what the odds were on the Andy Murray match, which he lost recently ?

Clever stuff though.
 
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