Back the Likely Winner Automation Bot for Horse Racing
hi Dallas.Im a newbie been doing a lot of reading on this forum looking for an answer maybe there is not one. i have bee trading races in/play and using the bot as get me out of jail card if needed the problem i have is when it backs 2 or 3 three horses at 1.55 1.4 1.2 or whatever short price what id like to know is there a rule i can add we say if 3 horses get matched only 1 wins can i add a rule that will lay the other 2 on the drift thanks in advance.jasben
Yes you could add a lay rule to your automation file to do this but depending on how/when you intend to trigger it i would probs advise against itjasben wrote: ↑Tue Apr 11, 2017 10:57 amhi Dallas.Im a newbie been doing a lot of reading on this forum looking for an answer maybe there is not one. i have bee trading races in/play and using the bot as get me out of jail card if needed the problem i have is when it backs 2 or 3 three horses at 1.55 1.4 1.2 or whatever short price what id like to know is there a rule i can add we say if 3 horses get matched only 1 wins can i add a rule that will lay the other 2 on the drift thanks in advance.jasben
Firstly, let me remind people that I'm no expert, but my recent experience has taught me that trying to use automation rules to get you out of a bad position near the end of the race is FRAUGHT with hazard. As an example, recently I was heading for a £5 loss on a race, thats all, just a fiver. Once my automated "get out of jail free" rules triggered in the dying seconds, my £5 loss morphed into a £103 loss. Bugger.
It wasn't because my rules were wrongly conceived, I didn't appreciate that my auto bets might not get matched in the crazy volatility at the end of the race.
Bet Angel Automation can only fire bets at the market, Betfair is doing the matching. You should only really use automation in-play to get you out of the market in good time to avoid the fireworks, even then, things like stops can be left unmatched if there is rapid price movement (e.g. a faller) or insufficient liquidity. You have to have a plan to deal with it when it happens.
It wasn't because my rules were wrongly conceived, I didn't appreciate that my auto bets might not get matched in the crazy volatility at the end of the race.
Bet Angel Automation can only fire bets at the market, Betfair is doing the matching. You should only really use automation in-play to get you out of the market in good time to avoid the fireworks, even then, things like stops can be left unmatched if there is rapid price movement (e.g. a faller) or insufficient liquidity. You have to have a plan to deal with it when it happens.
Hi all
I've re-visited this bot after a trying it a few months ago, unsuccessfully! I made a few adjustments over the last week until I had something that looked like it might have an edge.
On Easter Sunday out of 37 races it fired 15 times and had a 100% success rate, the 'likely winner' did indeed go on to win.
On Easter Monday out of the 67 races it fired 25 times but only in 16 did the 'likely winner' actually win, the 2nd fav going on to win on 9 other races and producing a loss.
Such a big variation, admitted on only a 2 day sample but makes me wonder about how in play odds work.
How do BF get their in-running odds to work, do they have people at the track with phones feeding the race info to HQ?
Regards... Ray
I've re-visited this bot after a trying it a few months ago, unsuccessfully! I made a few adjustments over the last week until I had something that looked like it might have an edge.
On Easter Sunday out of 37 races it fired 15 times and had a 100% success rate, the 'likely winner' did indeed go on to win.
On Easter Monday out of the 67 races it fired 25 times but only in 16 did the 'likely winner' actually win, the 2nd fav going on to win on 9 other races and producing a loss.
Such a big variation, admitted on only a 2 day sample but makes me wonder about how in play odds work.
How do BF get their in-running odds to work, do they have people at the track with phones feeding the race info to HQ?
Regards... Ray
I think the massive volatility of in-play odds makes it very difficult for any automation rules to produce a profit over time.
Because the odds dance around so rapidly it can be impossible to get auto bets matched near the end of the race or after a horse has stumbled or fallen at a fence (especially when you want to limit a loss). In my, admittedly limited, experience it is this inability to be sure of a trade EXIT, in-play, that is the biggest obstacle. You'll get matched much of the time, maybe even the vast majority of the time but its when you don't get matched and perhaps your lay bet on the sunsequent winner stays uncovered, that wipes out any profit you might have made.
I'm still tinkering about with automation myself, there's always another rule you can add, but I suspect I'm wasting my time.
Because the odds dance around so rapidly it can be impossible to get auto bets matched near the end of the race or after a horse has stumbled or fallen at a fence (especially when you want to limit a loss). In my, admittedly limited, experience it is this inability to be sure of a trade EXIT, in-play, that is the biggest obstacle. You'll get matched much of the time, maybe even the vast majority of the time but its when you don't get matched and perhaps your lay bet on the sunsequent winner stays uncovered, that wipes out any profit you might have made.
I'm still tinkering about with automation myself, there's always another rule you can add, but I suspect I'm wasting my time.
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ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Hello,
I've been trying to set up a bot strategy and I'm having problems with the Offset and stop and signaling.
Perhaps if I post up what I want to achieve here someone can point me in the right direction.
The aim of the strategy is to catch the second runner when it starts drifting away from the first.
For example, when the front runner goes below 1.2, I want to catch the second runner on a £10 lay stake and automate a stop in case the second runner then hits 1.3 to minimise any loses if the second runner goes on to win.
How would I do that?
Thanks!
I've been trying to set up a bot strategy and I'm having problems with the Offset and stop and signaling.
Perhaps if I post up what I want to achieve here someone can point me in the right direction.
The aim of the strategy is to catch the second runner when it starts drifting away from the first.
For example, when the front runner goes below 1.2, I want to catch the second runner on a £10 lay stake and automate a stop in case the second runner then hits 1.3 to minimise any loses if the second runner goes on to win.
How would I do that?
Thanks!
If you change the Back Bet to a lay bet and Apply it to 2nd fav, then on the fixed odds conditions make sure thats looking atBusanMike wrote: ↑Tue Apr 18, 2017 5:40 pmHello,
I've been trying to set up a bot strategy and I'm having problems with the Offset and stop and signaling.
Perhaps if I post up what I want to achieve here someone can point me in the right direction.
The aim of the strategy is to catch the second runner when it starts drifting away from the first.
For example, when the front runner goes below 1.2, I want to catch the second runner on a £10 lay stake and automate a stop in case the second runner then hits 1.3 to minimise any loses if the second runner goes on to win.
How would I do that?
Thanks!
Nominated 'In order of Betfair Favouritism 1"
Then click green plus icon to add another rule type and use
'Close trade on Selection with Greening'
Applied to Selection 1 in order of Betfair favouritism 1
Trigger 3 times Rearm 3 secs
With the following conditions
Fixed odds condition
Applied to Selection 1 in order of Betfair favouritism 1
Selections lay price is
Less than 1.31 (or whatever odds you want to use)
Number of place bet triggers condition
On Selection
Is Equal to 0
That should do it
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joebloggs123
- Posts: 31
- Joined: Tue Apr 04, 2017 3:36 pm
Hi Dallas so basically this bot places a back bet on the first horse that reaches 1.35 and if it goes on to win you profit i have been trying this in practice mode with mostly success the problem is it does not trigger at 1.35 it can be at 1.20 1.60 i have even had it trigger at 1.90 and also even though the horses have gone on to win after the race has been suspended it is showing as a £10 loss in the cash out ladder section do you know why this is kind regards look forward to your response.
The bot triggers at 1.35 and places the bet at 1.20 so you will never get matched at worse odds than 1.20 but Betfair match all bets at the best price available when it reaches the market, so if the price has spiked up as it was triggered that's good news as you will get that better price and therefore profit more if it winsjoebloggs123 wrote: ↑Thu May 04, 2017 10:47 pmHi Dallas so basically this bot places a back bet on the first horse that reaches 1.35 and if it goes on to win you profit i have been trying this in practice mode with mostly success the problem is it does not trigger at 1.35 it can be at 1.20 1.60 i have even had it trigger at 1.90 and also even though the horses have gone on to win after the race has been suspended it is showing as a £10 loss in the cash out ladder section do you know why this is kind regards look forward to your response.
Once a market is suspended then you can't trade out no more which is why you see them figures in the trade profit column, if the horse wins you have won and will get the profit shown below its name (minus commission).