Betfair Trading Strategies

Mar 15, 2011
34
0
16
#16
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:
Feb 23, 2017
10
0
11
#17
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
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:

moka2

Active member
Aug 9, 2012
529
13
28
#18
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
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/
 
Mar 15, 2011
34
0
16
#19
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
 

Pat494

Well-known member
Mar 27, 2004
13,135
1,246
223
#20
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.
 
Feb 23, 2017
10
0
11
#21
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
It's quite broad question because I believe there is many possible features and I hope some others will expand the list. But for example if I'm talking about horse racing pre-race, my usual behavior looks like this:

1) load the market 10 minutes before the race starts
2) trade the market by placing Back & Lay bets
3) hedge (cash out) 10 seconds before the race starts = close your positions
4) move to the next market

Is that what you were asking for? Or are you asking for specific signals & strategies?
 
Feb 23, 2017
10
0
11
#22
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.
The biggest three sports on Betfair are:

1) Horse racing
2) Tennis
3) Football

There are also good volumes traded on Cricket. (I don't know much about snooker or darts tbh)

I personally always traded on horse racing & greyhounds and I never needed any knowledge of the sport. There is many races every day during the whole year and you can have a regular working hours.

Horses before the start behave like a wild financial markets with 10 minutes expiration time - this gives you a great opportunity to leverage your money on exchange because you can trade 10 minutes before the start of the race and you immediately know if you won or lost. Then you move to another race, etc. At least that's how I do it.
 
Mar 15, 2011
34
0
16
#24
It's quite broad question because I believe there is many possible features and I hope some others will expand the list. But for example if I'm talking about horse racing pre-race, my usual behavior looks like this:

1) load the market 10 minutes before the race starts
2) trade the market by placing Back & Lay bets
3) hedge (cash out) 10 seconds before the race starts = close your positions
4) move to the next market

Is that what you were asking for? Or are you asking for specific signals & strategies?
yes something like that or i ciurrently also like the idea of only betting on games with only two outcomes, like tennis - as if a draw in football you can lose your stake if you back the loser. so minimal loss is desired and have bank covered as best as possible.
thanks
 
#25
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.
I would not agree with you, a much better result can be achieved on betting with three options (3 outcomes).
 

Pat494

Well-known member
Mar 27, 2004
13,135
1,246
223
#27
One hears that a lot of the 2 person games like tennis and snooker are pre arranged or fixed by the mega betting criminal syndicates from The Far East.


Maybe one can spot this by looking at the body language of the players. They love an upset.


Keep away from horse racing imho. It is too difficult.
 

yiehom

Active member
Dec 11, 2007
141
2
28
Luxembourg
#28
Yes, tennis is famous for players making fools of us, since there but one person to corrupt and the whole thing is in the pocket. Did they not catch Djokovitch at it once?
I think scalping horses prices fluctuations pre race, provided you know the rules is a good proposition. I am looking for a way to learn that, if a generous hand can point me to a direction.


=Pat494;3037354]One hears that a lot of the 2 person games like tennis and snooker are pre arranged or fixed by the mega betting criminal syndicates from The Far East.


Maybe one can spot this by looking at the body language of the players. They love an upset.


Keep away from horse racing imho. It is too difficult.[/QUOTE]
 
#29
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?
Yes but I find it just as hard as any other type of trading.