"If i had a Betfair Bot i would ....... "

[Datapunter]

If you had a Betfair Bot what would you have it do ? For quite some time now Betfair has had an API ( Application Programmers Interface ) allowing the exchange to be accessed using computer programs. Commonly known as "Bots". Full use of that API costs 200 UK pounds per month. Until now i myself have not looked at creating a bot because of a) the cost b) don't really have a strategy i'd like a bot to do c) all the stuff i want to do on Betfair has been available through other channels However for some time now there is free access to the API available. Free because it does not come with Betfair support, i.e. you can't email them for support nor use the Beta site and the use is limited. You can only do a certain amount of actions in a timeframe. But from what i understand the free version still allows you to place like 1 bet per second. Plenty for most purposes. Possibilities, possibilities... So let's have a brainstorm here, if you had a bot what would you have it do ?

[Datapunter]

Re: "If i had a Betfair Bot i would ....... " I'll kick-off with a simple one: Been doing a bit of horse racing, placing anything from 1 to 10 bets per day. In order to get a good price i watch the market from about 10 min before the Off, place my bet when i think i got a top price and move on. Drawback is i need to be online and on Betfair by the Off which usually is an interruption of anything else that i'm doing. So i would give my bot a list of horses i want to bet on and tell it to monitor the prices every 10sec starting 10min before the Off. If the price goes down consistently (steamer) place a bet 5 min before the Off. If it doesn't move or increases (drifter) wait until just before the Off and place the bet. Advantage is i do not need to be on-line at all and should still be able to get a reasonably top price. Sorted :ok Next...