Is it possible to implement an automated Kelly (or half/quarter Kelly) staking strategy using Bfexplorer? Specifically I want to be able to adjust bets on horse racing using this method.
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Betfair Bot
Are you able to explain how exactly you will apply Kelly criteria in your staking plan?
Betfair Bot
Such informatin is not avaible in the live score data feed.
Graf
Today Football Livescores are working fine again. There is absolutely nothing wrong with my computer. Yesterday Football Livescores failed to refresh properly during the whole day. Today everything is ok again. Thank you.
Betfair Bot
I have attached video from my test today. Football live score and football bot work without any problems. So there is question what is wrong with your computer?
sondal1969@gmail.com
Geez,
Thanks for all your help. It's amazing how you describe in detail what is required. Your support is exceptional. I ask a question and you give me a criptic answer. I think the money I'm spending on this bot is well spent. Especially the support.
Betfair Bot
You already created strategy bot, so all you need is to copy/clone it, and name it differently. I already said that bot executor creates execution loop by unique bot name.
Betfair Bot
You can add as many of favourite’s events as you want to, so create one for horse racing and the other for greyhound racing.
You have got your bot strategy created, and so the tool “Strategy / Bot Executor” can be used on both events, just start your strategy first on horse racing markets and then on greyhound racing markets.
As the “Strategy / Bot Executor” creates execution loop by strategy name you can run this way your strategy on whatever markets you want to.
On the other hand in such case you cannot execute your strategy in fully automatic mode, so reloading markets each day automatically, because “Strategy / Bot Executor” needs to know which favourite event to reload.
Yes, your strategy can be automated by console script, just search forum for such solutions.
Betfair Bot
You correctly identified bots to use in your strategy. Your strategy involves following steps to be executed:
Evaluating entry conditions
Placing lay bet
Staking plan
The entry criteria (conditions) are:
Favourite traded between 2.0 and 3.0, and minimum number of runners 4.
All bfexplorer bots offer Setup dialog with two panels: Strategy / Bot Parameters and Entry criteria. The first panel defines bot parameters for bet placing or trading, and the second panel defines entry criteria.
If some entry criteria are defined and when market does not fulfil these entry criteria the bot is not executed. The evaluation of these entry criteria can be set to be executed just one time, by setting the parameter: EvaluateEntryCriteriaOnlyOnce. Otherwise the bot will repeat evaluation till criteria evaluation returns true value.
As your strategy needs to use two bots the question is to which bot parameters we need to set entry criteria. Well yes, we can set them to both bots, there is no problem with such approach, but on the other hand we should create bot settings to be reusable. Such general reusable bot settings can be bot settings to lay set stake amount by taking what is offered.
And as we need such “Place Bet” bot settings we can create “Place Bet” setting parameters:
OfferMyBet: False (unchecked)
BetType: Lay
Stake: 2
The rest of bot parameters we can leave with the default settings.
We can name the bot settings: “Lay 2 Euro”, of course you can name the bot settings like you want to.
The rest of bot strategy is about staking plan. Bfexplorer standard bot for applying staking plan is named: “Execute Till Target Profit”. Unfortunately this bot uses profit or loss target, not number of wins or losses in row. From your strategy definition, you do not care about target profit, but as this parameter is mandatory we must set it to some reasonable number, so I set it to 100. The TargetLoss parameter is set to 9, as your stake liability from allowed odds range is maximal 4 from 2 stake amount.
We need to set following parameters:
BotName: Lay 2 Euro
TargetProfit: 100
TargetLoss: 9
ResetStakingPlan: 10
StopExecutionAtTime: -00:00:05
SortSelectionsBy: Last price Traded
ExecuteOnSelection: 1
EvaluateEntryCriteriaOnlyOnce: True (checked)
And the Entry Criteria:
NumberOfSelections Is greater or equal to 4
LastPriceTraded Is between 2 and 3
(Applying And Boolean operation)
Finally we name this bot setting: My lay strategy
Now it is time to test it in Practice Mode. We can open greyhound racing market and execute the bot manually. As the favourite was out of allowed odds range, no lay bet was placed, so I change LastPriceTraded Is between 2 and 5, and executed the bot again. The bot correctly identified the favourite and placed the lay bet.
To execute this strategy fully automatically we need to use the tool “Strategy / Bot Executor”.
Betfair Bot
Sir, please read bfexplorer T&C:
http://bfexplorer.net/Articles/ByTitle?title=Terms%20and%20Conditions
Simply said, you/bfexplorer user creates subcsription using your paypal account. When you do not want to use bfexplorer anymore then you must cancell your subscripition on your paypal account.
Nor bfexplorer but paypal automatically takes subscription payments till you cancel it.
Just common sense, how could I know that you do not want to use bfexplorer anymore? Well, yes I cannot know it, only you know it.
When looking for active subscription by your email: joeldjda@gmail.com I could not find any entry, so really only you muist cancel your susbcription on your paypal account, or you must give me more personal detials to find your subscription nd cancel it.
Betfair Bot
I have just extended "Execute Till Target Profit" bot to be able to use "Place Dutching Bets" bot as the action bot.
I have open results data to be accessed by console script, something like here:
Save Market Data or Your Trading Results