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General discussion about Bf Bot Manager v3 software for Betfair, Betdaq and Matchbook betting exchanges
By BlueBobcat
#18236
I have been looking a bot to understand and learn how they work, BF BOT manager amazes me how you can take random sporting events and then set up rules to make money. I am sure these questions have been asked before, but I have a few questions

As I am learning about sporting strategies from YouTube, books, web sites but all is very overwhelming, but slowing understand more and more about strategies. Could any one recommend a good source to understand about strategies?

I expect this is this a very big question, but where does any one start to develop a sporting strategy? There seems to be so many, I feel like getting all horses races in the UK for last 10 years and then some analysis to find a strategy, but that seems a little complex. More interested in developing new bots.

The bot which come pre-defined with the BF BOT, I know these are only examples and in simulation mode in 24 hours they have made £720 which cannot be true, but were does the BOT get the starting account balance is it just the money current in my BF account or somewhere else?

Another big question, how much is a good starting account balance?
User avatar
By BfBotManager
#18237
Hi BlueBobcat,

Simulation mode is not realistic for strategies that are set to place Unmatched bets because all bets are instantly matched in simulation mode. There is warning about this when you turn on simulation mode.

For strategies that place bets at currently available prices simulation is realistic.

Bot is not using your account wallet. It is placing bets by your strategy and does not check your account balance. It uses stake that you set at "Staking" tab by adding staking conditions.

You should first decide how much money you can risk to lose betting and then determine your stake. Your stake depends on your strategy so there is no general rule here. In most cases stake is 1% or much less of betting bank size.

Regards,
Rade
By rankez
#18247
Hi Rade,
Two questions about horse races:
1. How to select "2 Places" and "3 Places" markets in Markets filter?
2. I want to bet on "Place" market. How to make any condition based on "Win" market in same strategy? (example: I want to make bet on Place market only if first favourite < 3 in Win market?)
User avatar
By BfBotManager
#18249
rankez wrote:Hi Rade,
Two questions about horse races:
1. How to select "2 Places" and "3 Places" markets in Markets filter?
2. I want to bet on "Place" market. How to make any condition based on "Win" market in same strategy? (example: I want to make bet on Place market only if first favourite < 3 in Win market?)
Hi rankez,

Answers:
1. This is other place market type. You should use this in combination with Min/max number of winners that should be set to 2 and 3. That way strategy will be allowed to bet on other place markets that have 2 or 3 winners

2. Please see manual for details on conditions "3.2.10 Bet if specific market selection is in price range" and "3.2.19.4 Racing – Runner at win/place market favorite/price rule" that should help you check prices at win market. Your strategy should be set to bet on place market, but use those conditions to check prices at Win market.
https://www.bfbotmanager.com/documents/ ... manual.pdf

Regards,
Rade
By rankez
#18251
Thanks for reply but i'm still confused about question number 2. Let's imagine easy example, i want to make strategy to bet on "place" market and in same strategy i want to check "win" market. Strategy will place bet only if back price for favourite by position 1 is lower than 3 in "win" market.

I tried to use "Bet if specific market selection is in price range" condition without success i think because "red rectangle" on picture (if i understand correctly, i must input meeting name for bets, this is not acceptable for me because i want to cover all meetings).
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Secondary, "Racing – Runner at win/place market favorite/price rule" condition is exactly what i want, but i don't understand how to select favourite by position 1? I can only see "runner" (without position) and i'm confused on which runner (or favourite) this condition apply?
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Currently i use two strategies. First is "trigger" strategy based on "win" market where i check Win odds and Favourite difference odds with very low stake. If first strategy has bets then i activate second strategy with "place" market but now i trying to combine "Place" and "Win" markets within the same strategy.
User avatar
By BfBotManager
#18252
Hi rankez,

You should use "Bet if specified market..." condition only if you want to check first favorite for price range at Win market, but bet on some other favorite by position at Place market.

If you want to bet on Place market on first favorite and also check first favorite price at win market then you can use "Racing - Runner at ..." and tick option that runner favorite position must be the same at win and place market e.g. you are betting on place market first favorite so that runner must be also first favorite at win market, in which case this condition will check that runner price.

If you find this too complicated or not good enough for your strategy then it is OK to use two strategies like you are doing now to make this work.

Regards,
Rade
By rankez
#18258
Where am i wrong?
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How to use "Bet if specific market selection in price range" condition for horse races?
By rankez
#18506
Hi Rade,
Q1: How to find specific market (in markets tab) if i know name of runner X?
(For example, i want to put manual bet on Man Utd but i can't find loaded Man Utd markets because lots of loaded matches in markets tab)
Q2: How to change default stake for manual betting in markets tab?
User avatar
By BfBotManager
#18508
Hi rankez,

Answers:
1) Sorry, there is no search by runner name. You can only search by details in market name by pressing CTRL + F buttons.

2) At BOTS/STRATEGIES tab click "Edit" for "Manual bets" strategy and there you can set default settings for manual bets

Regards,
Rade
By rankez
#18774
Hi Rade,
I can find Current session loss in Overall loss recovery window, but how to find total loss for any strategy? It would be nice if you improve strategies tab and add Total loss and Current session loss columns.
Best.
User avatar
By BfBotManager
#18775
Hi rankez,

Use of "Overall loss recovery" is optional, but we will consider adding new column that might display specific loss to recover value for this staking rule.

If you click on "Edit" button for "Overall loss recovery" then you will be able see current loss that will be recovered.

Each strategy "Profit/Loss" is displayed at STRATEGIES tab. This does not display loss that will be recovered, it is just strategy overall profit/loss.

Regards,
Rade