Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > General Topics
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 14th July 2018, 03:25 PM
Mike367 Mike367 is offline
Member
 
Join Date: Feb 2009
Posts: 252
Question bots for live sports trading

Hi everyone, I've been off the game for a few months now, (spring 2017). Due to work and way too much overtime.
I found myself with no time to have a decent look at form, so saved my money

I like to watch the rugby league, so dabbled in trading on the NRL using BF and a VPN to make the live bets. Which worked great, but I only got the profit if my team won. I'm sure with a bot you get the difference from the trade win or lose. Is that correct?

Anyway I downloaded a bot (geeks toy, free trial), but when the play went live I'd get an error message when I tried to place a bet. I couldn't find a solution to that problem.

Two questions:

1. When using a bot to trade will the "profit/loss" go straight to my account?

2. What bot can I use that works in Aust during live play on various sports. Mainly Rugby, AfL, basketball, and T20 cricket.

Any help will be much appreciated,

Cheers.
__________________
Got ta have a larf, eh?
Reply With Quote
  #2  
Old 14th July 2018, 06:06 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 3,514
Default

1. The profit/loss is just about backing and laying at different sums if your trading. So if you lay a team at $10 before the event (or in play) at the price of $4 (so a liability of $30) and that price extends to $6 you then need to back the team for $6.67 to make your trading profit. Betfair will then have that as a green situation on all selections for about $3.00.

I might have my figures slightly wrong as I am doing the math in my head.

What I think you were doing is using the same stake on the back and lay side and then you just set up a free bet which gives you money only if your selection then goes on to win.


2. You can't bet in play within Australia through the internet due to stupid legislation. You need to do it by phone. You can bet in running in horse racing but not in play on sports. Don't ask why ..... just know its stupid.


I hope that helps.
Reply With Quote
  #3  
Old 14th July 2018, 06:09 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 3,514
Default

I thought I should explain my example so here it is:

If the team loses you lose your Lay bet so -$30 but you win your back bet which returns $40 - 6.67 = $33.33. Your profit is then $33.33 - 30 = $3.33

If the team wins you lose your back bet so -6.67. But you win your lay bet so thats a +10. So $10 - 6.67 = $3.33

You win either way
Reply With Quote
  #4  
Old 15th July 2018, 03:41 PM
Mike367 Mike367 is offline
Member
 
Join Date: Feb 2009
Posts: 252
Default

Thanks mate, yes I was backing and laying at equal stakes. Then I could place a back bet on the losing team to give me a profit win or lose.

I was hoping to make a trade for say back $10 at 10 and lay $10 at 5. The difference is $50 (less commision), with the difference going straight into my account.
It doesn't work that way with a betting bot?


Anyway, I'll give your method a go.
I've heard of "greening", though getting the figures right manually could be time consuming and the odds would have changed by the time I had it figured out.
I don't suppose there is a magic green button? No? I didn't think so, lol.

I'll just put different figures in until I get it close. With the larger slice in favour of the win if I think the team will win.

I'll try it out on the Dragons ver Tigers game, Dragons should win, but....

Thanks again,

Mike.
__________________
Got ta have a larf, eh?
Reply With Quote
  #5  
Old 15th July 2018, 04:01 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 3,514
Default

Quote:
Originally Posted by Mike367
Thanks mate, yes I was backing and laying at equal stakes. Then I could place a back bet on the losing team to give me a profit win or lose.

I was hoping to make a trade for say back $10 at 10 and lay $10 at 5. The difference is $50 (less commision), with the difference going straight into my account.
It doesn't work that way with a betting bot?


It doesn't work that way at all. If the team loses then you win $10 and lose $10 so it is breakeven. You only get the $50 if the team wins.


Quote:
Originally Posted by Mike367
Anyway, I'll give your method a go.
I've heard of "greening", though getting the figures right manually could be time consuming and the odds would have changed by the time I had it figured out.
I don't suppose there is a magic green button? No? I didn't think so, lol.



Yes. But it doesn't work here in Aus with the legislation and betfair will reject your in play bets/lays. It needs to be done by the phone for sport.

Working out the new amount isn't that hard and takes about 2 seconds to do.

Quote:
Originally Posted by Mike367
I'll just put different figures in until I get it close. With the larger slice in favour of the win if I think the team will win.

I'll try it out on the Dragons ver Tigers game, Dragons should win, but....

Thanks again,

Mike.



Good luck with the game.
Reply With Quote
  #6  
Old 15th July 2018, 04:07 PM
Mike367 Mike367 is offline
Member
 
Join Date: Feb 2009
Posts: 252
Default

Hmmm, maybe I'm doing something wrong.

I back at 30 at 5 and lay at 20 at 4 on team A.
Team B in red is -30 and -10 after the lay bet. So if team B wins I lost the 10

Ohh wait.... I need to lay more than I back. Told you I was doing something wrong, hahaha.

Cheers
__________________
Got ta have a larf, eh?
Reply With Quote
  #7  
Old 15th July 2018, 05:48 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 3,514
Default

Quote:
Originally Posted by Mike367
Hmmm, maybe I'm doing something wrong.

I back at 30 at 5 and lay at 20 at 4 on team A.
Team B in red is -30 and -10 after the lay bet. So if team B wins I lost the 10

Ohh wait.... I need to lay more than I back. Told you I was doing something wrong, hahaha.

Cheers


Yep you worked it out
Reply With Quote
  #8  
Old 15th July 2018, 08:10 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 5,280
Default

If you want to greenup on the result then divide your return by the lay price, example.

If you backed team "A" with 100@1.60 and the lay price dropped to 1.50 then your lay stake is 160/1.50 = a lay bet of 106.66
__________________
"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out."
--moeee
_______________________________________________
Reply With Quote
  #9  
Old 15th July 2018, 09:47 PM
The Ocho The Ocho is offline
Member
 
Join Date: Aug 2010
Posts: 2,667
Default

If you are using geeks toy then that has a greening up (reding up) feature.
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.

― Earl Nightingale
Reply With Quote
  #10  
Old 16th July 2018, 01:18 AM
blackdog1 blackdog1 is offline
Member
 
Join Date: Aug 2013
Posts: 459
Default

Quote:
Originally Posted by The Ocho
If you are using geeks toy then that has a greening up (reding up) feature.
could it do 3 back/lay? meaning 3 horses or dogs? not into sports.
no more than that.
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 07:08 AM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655