Botfair
I read some comments yesterday evening from some ‘traditional’ punters about how they were pleased Betfair’s new charges were going to get rid of the bots. Unfortunately for these posters, the opposite is almost certainly likely to be true. There is some pretty simple logic behind it.
Say you have a winning bot that makes money on a market and you suddenly face higher charges. At this level you would most likely work more aggressively to make more to offset those charges. Dropping down a level, say you had something that generally worked but took a lot of time as you had to manually do certain tasks. Losing a lot of that income to a third party for no reward means it could suddenly be unviable if you manually intervene, so the answer is to automate it to save your precious time. OK it may not yield as much, but at least it yields something and doesn’t take any of your time.
Less bots because of increased charges? I bet you it’s more.
If you are interested in automating your activity give Bet Angel’s spreadsheet functionality a try, https://www.betangel.com/excel/. It can pre-load multiple markets to one sheet, or automatically switch to events as the day progresses. It also includes some unique scripting capabilities to enable you to automate key trading functions.
Category: Trading strategies, Using Bet Angel
