Smart Betting

[mariusrec]

Here is a print screen with an incredible odd on Federer at the Hamburg Masters 2008.
You can clearly see that there were 79 pounds traded at an odd of 21.
That trade took place before the match started.Before the match started the best odd you could get on Federer was 1.08 or 1.09 and some lucky bettor got 21.Another clear example why placing bets below or above the market price at Betfair could be profitable as you never know what bot makes what mistake, because i just can't image a human making that mistake.
The match was Federer vs Nieminen.Federer won that match easily.
Here is the link with the print screen.

http://farm4.static.flickr.com/3017/251 ... 0ec1_b.jpg

[cro84]

LOOOL . I want too such high odds . The person who took those money must be really lucky
Btw , I have never a program to bet on Betfair . How is a program going to help me ?

[mariusrec]

I like using softwares on betfair, the fact that it refreshes every second and there is one click betting with predefined stakes...it makes things more easy, plus there are other features like on the forex trading markets like stop loss, taking a profit depending on the number of ticks the price has gone in your favor.

[cro84]

I like using softwares on betfair, the fact that it refreshes every second and there is one click betting with predefined stakes...it makes things more easy, plus there are other features like on the forex trading markets like stop loss, taking a profit depending on the number of ticks the price has gone in your favor.

Can you reccomend a free program please ? I would like to test it for a while .
Thanks !

[DV3]

What software you use?

[mariusrec]

I use different software and trading programs for betfair depending on what sport i'm betting on, but the one i use more often is the one offered by racing traders...it's also the only one i found that has a totally free interface, so i find that a positive thing ...so Cro84 i'd suggest you try the bettrader from racing traders, even if you are using only the free interface it's still has a lot of advantages...plus they got videos to teach you how to trade...i found the videos very helpful

another great software in the one from betangel only it's not free...but i have to say that it's worth the money....

for more on betfair trading softwares at betfair solutions..

and one more thing...i also find interesting the softwares from binary soft and bf explorer only i haven't had the chance to work with them yet...

[btiper]

I use http://bfexplorer.net, great software with a lot of bots for automated trading



Some video:

http://bfexplorer.net/howToUseBfexplorerScreenCast.htm

[mariusrec]

bf explorer look really great ...i think i'm going to try it next week...with the Euro and Wimbledon to come there will be a lot of trading opportunities...i wanted to try bf explorer earlier during roland garros on i was they got different versions like bf explorer pro, bf beginner i didn't now which one would be better and didn't have time to look deep into it...

[btiper]

Well, you are right the bfexplorer offers more products I counted 7 products at least according the download section as they offer more bespoke solutions as well.

I took my time to trial anything I could download from bfexplorer web site, so here are my hints:

If you are more bettor who just place bets and occasionally trades them, not afford to pay 30 Euro subscription but wanting to get the best you have got on the betfair api application market then you should take bfexplorer for beginners for 5 Euro per month, in my opinion it offers more features with better user experience than the competitor for this version as the betting assistant is.

If you are a trader then go to PRO subscription, as a PRO subscriber you have got access to all bfexplorer applications, so you can use what most suits your needs for trading.

One of big advantage of bfexplorer is a bot support; you can simply create your set of bot criteria settings by utilizing 8 built-in bots and more then 20 external bot scripts, and then run any such bot by one click.

If you are able to program such bot, you can even create your own bots. Well this feature is maybe not so used as most of us know nothing about programming, but the bfexplorer support is generous enough for PRO subscribers, if it is just simple bot script they do it for you for free, I already used it, and they really did so for me.



I trade on horse racing as well, and have some strategy which could be automated so I will maybe use bfexplorer services and have my bespoke solution programmed to them, but that is not cheap, they offer such services from 350 GBP only, so I will see if it makes sense for me as I am just testing this strategy in the practice mode of bfexplorer without risking my money first, and profit is not so big up till now, so I will see if I spend those 350 or more for bespoke solution, or will run it only with the trader opportunity lookup service, what is a little bit tricky as I need to change my strategy parameters in the bot script manually.





I am sorry for very long reply, and I even did not mention about the rest of features, but that actually makes no sense as everyone should test it yourself if it is right tool for trading on betfair or not, for me it is really the best tool.

I am curious if there are out there on this forum, users who use this betfair api application, or some other ones, so we could exchange our experiences, as I think using the right tool gets some advantage when trading at betfair.

[cro84]

Really good stuff here .

I tried free software BetTrader 4.2 and is really easy to bet . I like statistics and the fact that market movement is updated faster . This program has "one touch bet" which is really good thing . I need to study more this program because with just one click I blow away my bet and layed ( not good because it was a winner bet ) .
Now I am more used with the program but I will learn more .
I will try more programs but for now this one seems simple to use . I will try other programs too .


@btiper
The program you use is clearly improved . But is not free and I have no experience at betfair .
Congratulations for your profit . Is it steady profit for longterm ?