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[fred777]

Hi Rade

Is it possible to do arb trading with any of the bots?

Currently using rebel betting but have hit the wall with the bookies closing/limiting my accounts.

Regards

[BfBotManager]

Hi,

I am not sure what and how you want to do this, so please give few examples.

Our bots only work with Betfair, they do not work with bookies.

Regards,
Rade

[fred777]

Hi Rade

Quote below re arb trading;

Arbitrages can be perfectly applied to sports betting. You “buy and sell” odds and the markets are two competing bookmakers. The trick with sports arbitrage is to bet on all outcomes of a game, betting on both teams to win. If the two bookmakers have sufficiently high odds, you will be guaranteed a profit no matter who wins the game.

I know that bf bots work only with betfair but arb opportunities must crop up especially in faster moving markets. My question is is there a bot or could there be one that would look for arb opportunities on betfair and then automatically take them when they appear. main markets would be football and horse racing.

Quote Cross market arb example below;

Cross market arbs are a mix of two or more different markets. There are many possible combinations which can result in an arbitrage. The examples below illustrate two basic combinations and how to calculate the results.

Example 1
A regular threeway (1x2) arbitrage, but replacing the bet on the home team with a simple asian handicap bet.

Team1 Bookie1 AH1(0)
Draw Bookie2 X
Team2 Bookie3 2


Team1 win: You will win your bet at Bookie1.
A draw: You will get your stake refunded at Bookie1 and win your draw-bet at Bookie2.
Team2 win: You will win your bet at Bookie3.


Example 2
A regular threeway (1x2) arbitrage, replacing the bet on the home team with a quarter asian handicap bet.

Team1 Bookie1 AH1(-0.25)
Draw Bookie2 X
Team2 Bookie3 2


Team1 win: You will win your bet at Bookie1.
A draw: You will win your draw-bet at Bookie2. Also you will get half your stake at Bookie1 refunded (Since AH1(-0.25) implies that you bet one half of your stake on AH1(0) and the other half on AH1(-0.5))
Team2 win: You will win your bet at Bookie3.

[BfBotManager]

Hi,

Our bots cannot do that.

Betting on more than 1 market at Betfair also requires that you add commission calculation because commission will be take from your profits.

It is possible to create custom bot that will bet on 2 or 3 markets at Betfair when such opportunity is available but there is no guarantee that there will be such opportunity. You should check those markets by your self and calculate profits/losses and see if you can do it manually, then we can talk about creating custom bot to do it automatically. In that case contact me by email and I we will discuss details.

Regards,
Rade

[CharlesFinley]

If the bot did Arb trading it would be perfect. It wouldn't need to go across bookies. All the Arbs could be worked out in Betfair Markets potentially.

[fred777]

Hi Rade

With the split of the exchange and fixed odds sites announced by bet fair I was wondering if you Are going to look at a arb bot? Today I got a huge arb on tot v new c game simply in the dif between what was offered on the fixed site to the exchange site.

Thanks for your time.

[BfBotManager]

Hi,

As far as I know Betfair does not allow applications that compare their odds with other betting web sites and automatically trade. Maybe this has changed but I think that they do not allow that.

Regards,
Rade