xitian wrote: ↑Tue Nov 20, 2018 12:27 pm
Yeah, you’re asking in the wrong place I’m afraid.
This is indeed a forum for BetAngel (or completely unrelated stuff like investing). So any methodologies different to those that BetAngel supports or recommends probably won’t be received well.
Unfortunately there aren’t many other well documented and active communities which are truly impartial. With reference to backtesting and systematic strategies, all I can say is that it’s a perfectly valid route. You can earn as much as 7 figures a year if you’re good, and not have to click a button on a day if you don’t feel like it. Because Peter hasn’t succeeded in this area it doesn’t mean that you can’t or shouldn’t look into it. However to be really flexible I would recommend learning to program, and for many people that’s probably a big barrier to entry (but also a benefit).
There might be other software out there that does backtesting, but not sure how flexible they are. In the end it’s best to have full control and write stuff yourself. Betfair provide good documentation and sample applications, and I seem to remember LinusP has released some Python code for accessing streaming data before.
Entry costs if you’re going to program yourself are going to be higher though. You’d need to stump up for an api key (£300) then either spend ages collecting data, or paying for it and spending a few hundred pounds. You’d also want to hire a server to run stuff on, but that’s further down the line.
If you want to discuss anything more specific, let me know. Perhaps I can open a reddit topic where people can talk about platform independent stuff.
I am an experienced IT engineer, I already have a BetFait API key, I have the framework to write bots (in Java language). I could write bots in other languages actually, learning new langages would not tak eme very long.
BUT I have no way to back test my bots. Writing a back testing framework, using the Betfair data (which is costly), would take very long, it is not an easy task.
And Betfair data does not include scores. I can't see how I can easily link the evolution of odds in time with the evolution of score. Football is quite easy, but tennis is not, and I am more interested in tennis. Unless I deduce the tennis score from the odds...
That is a lot of work on a path which might lead nowhere (according to Euler), so I am hesitating:-)