betfair arb software?

[wisner]

Are there any betfair software that finds arbitrages on betfair? Are arb % lower than with usual books? Can oyu actually trade risk free on betfair using arbs? Don't they close accounts that always win?
I'll be really greatful idf smb explains me about arbs on betfair.

[noob123]

Are there any betfair software that finds arbitrages on betfair? Are arb % lower than with usual books? Can oyu actually trade risk free on betfair using arbs? Don't they close accounts that always win?
I'll be really greatful idf smb explains me about arbs on betfair.

you usually find arbs but use betfair as one of the bets
eg

draw on betfair

win at bet365

dont think there is a software that finds arbs on betfair out, would be surprised if there is cause betfair prices move very quickly. They dont close accounts if you win all the time because at betfair your doing a trade with another person. betfair takes a % of your winnings. So really the more you win the more they make and everyone is :)

[aegist]

noob123 is spot on with his assesment of betfair. You really don;t need software to find arbs at betfair (or any betting exchange) If there is an arb there, it will be really quite obvious to everyone, and so it will be bet on straight away, and the odds will change.

Arbing pretty much Must be done between competing bookmakers. If you want to use things like betfair, then t here are a whole host of 'bots' which are supposed to be able to place lots of small bets and cover each other so as to gaurantee profit (or something like that). I haven't looked into the bot programs nearly as much as I have looked into arbitrage, but I know they exist, and some seem to work. (some seem to be completely dodgy)

Shane

[tashev]

There are some programs that can do that or you can order one made for you for 100-200 bucks. For some ready tools you can check http://solutions.betfair.com/ Keep in mind that this has been discovered a long time ago and lots of people are doing it - how will you be faster than all the other bots ? I'd recommend looking into BetIE - it's not exactly arbitrage and can be real profitable if used right.

[wisner]

There are some programs that can do that or you can order one made for you for 100-200 bucks. For some ready tools you can check http://solutions.betfair.com/ Keep in mind that this has been discovered a long time ago and lots of people are doing it - how will you be faster than all the other bots ? I'd recommend looking into BetIE - it's not exactly arbitrage and can be real profitable if used right.
what's BetIE?

[XAU]

I have seen betfair bots on ebay for sale, I am unsure if there are any currently for sale, but just keep an eye out.

[tashev]

what's BetIE?
http://www.bettingprofitsoftware.com/

This is their homepage - you can read all about the software.

XAU, I woundn't waste my money on such things on ebay, most of the real and working ones are listed on ebay.

[fadethepublic]

how many of you use software for arb?

[topflite]

hi can you drop me an e mail ? i cant send pm, i would ike to ask you a few questions about fotball betting and the betfair software .

bengtbericsson@hotmail.com

[ed72]

Doesn't Raj Patel's systems and services involve software like this?You need to be betting "In-Play",while the race is running in order to make a profit?












edward@eking6.wanadoo.co.uk

[zscan]

Sounds like a lot of people are arb'ing, how profitable is it? I know a lot of time is required. Is it even worth it if you only have a few thousand to play with?

[ed72]

There is a good post from a gentleman who is making around $3000 a month doing this,but it takes all day to do.He's free from working for other people however,so that's a huge incentive to carry on.He also mentions the dangers involved.You need to invest with different bookmakers at the same time to make the bet work,so you can imagine what could happen if you can't get on with one of them for whatever reason.He still profits overall however,and probably looks at drawbacks like that as outlay.Over here in the U.K,there are betting exchanges where you can select horses to lose for a 100% return.I think this a better option.

edward@eking6.wanadoo.co.uk

[weddings]

I use Value Horse Finder for finding arbs between Betfair and the bookies and it's excellent....

http://www.bettingbots.com/resources/arbitrage_trading/arbitrage_software_tools/value_horse_finder.php#body

It pings you when an arb becomes available and then works out all your stakes too so all you need to do is click a couple of buttons to get your bets on. The arbs it finds are a lot better than the usual 3-4% arbs you get between bookies.

[ripz]

arb betting can be so dangerous, the only arb trading i would consider doing is using the betfair software, it really isnt worth trying to put money in 10 different bookies, you are just gonna get burned sooner or later.

but like someone said, if loads of people are using the betfair arb software then everyone cant get a bet in, so who is fastest?

anyone here have experiece of using th ebetfair arb software?

i just rely on my own skills during live betting on betfair to buy and sell quickly . trying to make small arbs over and over. obviously it has many risks too

[TravisBickle]

you usually find arbs but use betfair as one of the bets
eg

draw on betfair

win at bet365

dont think there is a software that finds arbs on betfair out, would be surprised if there is cause betfair prices move very quickly. They dont close accounts if you win all the time because at betfair your doing a trade with another person. betfair takes a % of your winnings. So really the more you win the more they make and everyone is :)

definitely agreed!!

[bemtley]

I have some software in order to trade professional using Betfair

pm me if you need some of these

[weddings]

Some of the (almost daily) arbs you find with that Value Horse Finder software aren't small - most days I can find at least a couple that make me as much as 20%. It isn't like most of the arb services you see online where you're making 3-4% on the arbs. I couldn't be bothered with that either.

[bemtley]

these software really exist and allow you to get ALL GREEN on betfair
maybe small profit daily, and it depends by you balance, but always better than lose

[weddings]

Hi Bemtley,

Which software do you mean? It's impossible to find arbs on a single market on Betfair alone so you must be talking about software that enables you to forecast the market?

I think that's what Bet-IE does.....

http://www.bettingbots.com/resources/betting_exchanges/betting_exchange_software_tools/bet_ie.php#body

You still need to do the actual trading part yourself but the software indicates which direction the market is going to move in, which is a massive help.

I only use this and VHF so I'd be keen to hear about any others.

Thanks,

[Pako]

weddings!

PM sent

[weddings]

Hi Pako,

I got your PM's but I haven't posted enough messages to reply to you.

To be honest, you'd be better to visit their own message forum and ask them directly about it anyway. I'm not an expert on all of the features - I've used both their applications for a few months now but there are all different things you can do with it, some of them slightly beyond me, so I think it would make sense to ask them instead.

Their forum is pretty good and it's visited by a lot of their customers so you'll get unbiased feedback from them.

Hope this helps you,

- Les

[Pako]

Thanks weddings!
So, are you satisfied with this softwares?

[weddings]

Yeah, I like it Pako. I also use their other one, Bet-IE, and I like that too. They both do exactly what they claim on the website and the support is very good.

[aegist]

Sounds like a lot of people are arb'ing, how profitable is it? I know a lot of time is required. Is it even worth it if you only have a few thousand to play with?
yep, definitely a growing market.

ACtually trading itself requires very little work. Its the time available which adds up. The more time you are available to trade the better..if you are never near a computer, then you can't do it.

I'm tracking my successes in trading here:
http://www.*******************/index.php?showtopic=1897

This week I have just started timing how long I spend on my computer too, so from now on I will be able to say how much time I have made myself available for arb trading. This should add to the information in this thread..

Shane

[weddings]

You're absolutely right Shane. I work from home most days and spend about 4 hours every afternoon trading on Betfair. That's the busiest time of the day for UK horse racing (probably the fastest moving market) and I don't do a lot apart from that, but if I started covering the evening meetings too I'd probably be making another 30-45% on what I'm making now.

I started out with a spreadsheet that told me how much I was making an hour etc. but I got bored of updating it and just take a monthly tally now.

I think there are two things to consider here..... trading can take a lot of concentration, so although having more time to allocate to it would be more profitable, it would also be more tiresome. 4 hours at a time is my maximum and then I start to burn out.

Taking this into consideration it probably makes sense to try and concentrate your efforts on the time of day when there's the most activity on the particular markets you're trading on. This is the time when most of the money moves around, the odds change faster, and there are the most trading opportunities available. Then you move in, make your money quickly, and move on again before the tiredness creeps in.

You can make good money in just 4 hours a day doing this and "zscan" - a few thousand is more than enough to generate decent profits. I rarely have more than that in my account at any one time.

- Les

[aegist]

Although Weddings, Betfair real time tradings are different to standard arbitrage tradings. In my trading, there is no one active time where I am dedicated to huge attention. Normal Arbitrage Trading requires long many hours of being near a computer, and random hits of 5 minutes of activity, thats all. You can't get fatigued trading arbs unless you have 3 or 4 funded accounts with every bookmaker used by a particular service..and if you had that setup, then you are probably raking in thousands each week.

Shane

[dtm]

trading can take a lot of concentration, so although having more time to allocate to it would be more profitable, it would also be more tiresome. 4 hours at a time is my maximum and then I start to burn out.
- Les

Hi Les, if there was a strict set of rules to follow when trading, it would be possible to automate it. So it would not be tiresome.

Do you follow such rules? I am a programmer and always searching for ways to automate making money ;-)

[weddings]

Shane, yeah I was talking about doing real-time trading on one market at a time in the afternoons. I do traditional arbing like you too, but I do a bit better on the UK racing in the afternoon. It is energy-sapping doing it that way though.

DTM - let me have a think about that and I'll PM you in a day or two. Thanks!

[Eberinvestmentpro]

Paco...

can you PM me as well---- Thank you!!!

[Pako]

Eberinvestmentpro

I PMed you.

[Pako]

If somebody use the Value Horse Finder software or have some information from that, please write here or send a PM to me.

[thatsjustthewayitis]

Basically if the back book % drops below 100, you can do arbs. Everyone uses software for it, so arb opportunities tend to last under a second. Even then you'll make a 0.5% profit at best, usually more like 0.05%. Worthwhile if you can do it for free but don't pay much/anything for the software. If you bet more than a few quid it will move the market and the arb is gone.

[beltzaser]

I'm lazy, so I subscribed to http://www.arbhunters.co.uk/

One payout recommended by them was the following:-
Basketball : World Championship Group C Outright (11.218%)

Lithuania 2.75 SportingOdds
Greece 3.75 Bet And Win
Brazil 13.00 Bet And Win
Turkey 10.00 Expekt
Australia 11.00 SportingOdds
Qatar 1001.0 SportingOdds

11.218%

Note that this kind of arb is rare from them, they average around 1-3%. But like I said, I'm lazy.

[aegist]

How well setup are you with ArbHunters? I mean, when you get an arb, how do you place it? Are you registered with all of the appropriate bookmakers already? Do you have money in them, or do you try to transfer the money in before the arb expires?

Shane

[beltzaser]

Yeah, I've registered with the most used ones they recommended. I'm not doing this very serious right now, just the 7%+ ones on occassion.

You have to bet on all the legs of the arb as quick as possible, but not confirm until bets placed on other legs as well. Does that make sense?

[Pako]

Something new?

[weddings]

Hi guys,

Sorry, I've had a kid in hospital for the last 2-3 months and haven't had much of a chance to do anything, nevermind visiting this forum, or arbing.

I'd just like to say that if you're using VHF then the returns are plentiful and if you're looking for something that will work on Betfair alone (to take the cut when the % drops or rises above 100%) then get Bet Angel. It does that and loads more too.

Cheers,

~ Les

[weddings]

"thatsjustthewayitis"...

Sorry, but you're wrong - if you want to grab the arbs while they're available then you NEED software to do it. No doubt about it.

If you're relying on your own speed then you'd be just as well forgetting all about any kind of arbing. There are loads of low-cost (considering the reward) applications out there and you'd be better to start utilising them because the same opportunities that exist now might not be there in 2 years time.

~ Les

[weddings]

Try a search on Google for the search term "betting bots" and you'll see what I mean. Start adjusting to the way modern-traders are working now, or you would be aswell to give it up. Really, it's all changing...

[o1owen]

http://www.arbscan.com/ Good arbing tool

[hito]

any arb can put in out own web??

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[walkerjj]

arb is not so easy as it seems nowdays..

[KungK]

Well, You can try PokerRNG it's aviable on http://www.pokerrng.com .. but it's an expensive product but help you alot to win the money ..!