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General discussion about Bf Bot Manager v3 software for Betfair, Betdaq and Matchbook betting exchanges
By BlueBobcat
#18455
I been looking into a betting strategy based on volume and price, in the market option there is also the value "Chance" which I assume is based on the market change in value of money been placed into a particular bet. It's interetsing to watch the split in a market such as horse racing and the high value of a single horse and the rapid volume & price change, just before the race starts.

Ideally I would like to record this the market volume, price and chance data and then analysis this for any trends. Is it possible to capture this data?

Then develop a betting strategy based on volume and price change, something like if there is a single horse with really high chance value compared to the other horses then place a bet. Or if there is a very high volume betting on a single horse i.e. 2 minutes before the start and the price goes down, then place a bet? I not sure if this would be possible, but it would be more based on logging the data to see any particular trends.
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By BfBotManager
#18456
Hi BlueBobcat,

"Chance" value is calculated by using Back and Lay price, it does not check available money, only price that is available for runner.

At strategy "Edit" form you have option to determine favorite positions by using different values e.g. you can set it to determine favorite position by using highest matched amount, so that first favorite is the horse with money traded on it. At this form you can also set to start recording min/max prices 15 minutes before start time and to stop recording prices 10 minutes before start time.

If runner price goes down then this runner will be called "Steamer". You can use "Selection conditions->Price change - steamers/drifters" and set it to bet only on runners whose price goes down by X%.

This allows you to set strategy to bet only on first favorite (determined by most money matched) and to bet only on steamers whose price goes down by 20%. If you set "Time to bet" to 10 seconds before start time then recorded price will be compared with price at this time of bet to determine price change.

This might not be exactly what you need but are the only options available regarding price change that you can use.

Regards,
Rade
By BlueBobcat
#18464
Many thanks for the response, I have to work out the strategy.

Would it be possible to provide more detail on the ability to select a horse which better odds and/or higher volume of money backed? For example horse A = £8k money backed and the rest of horses are between £300 ~ £1k, how can I find this particular horse within a race? I don't think it would be possible to provide a value, more of higher odds compared to the rest of the pack.
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By BfBotManager
#18466
Hi BlueBobcat,

Please see manual for conditions like "3.2.13 Selections filter->Whose matched amount percentage from total market matched amoun t is in min/max range" and "3.2.20 Min/max selection traded volume":
https://www.bfbotmanager.com/documents/ ... manual.pdf

Those might help you do what you want, but make sure you test them in simulation mode.

Regards,
Rade