Comments

I have just changed your subscription to Free Professional, you can execute bots now.

Thanks Stefan,

However, can you please check my status as I now receive an error message when trying to execute a bot . . . "Not Allowed To Use This Tool."

Thanks in advance.

Thanks Neil, community subscription is automatically prolonged to free subscription after your previous subscription expires (and you are allowed to use the community subscription), then after your donation I must changed your subscription status to Free Professional, please let me know when that happens.

Well, how to use bots?

Just try to browse all available bots, and you will find out that bot names suggest the bot functionality, and bot parameters in details describe this functionality.

For instance from your strategy, the cash out function. Bfexplorer offers this function/feature in bots having Close Position in their name (just type: close to Add a new order/bot dialog search input box to list all such bots).

I suggested using “Close Selection Bet Position At Odds” bot, as this bot operates on one selection, but you can use as well the bot: “Close Market Bet Position” that closes bet position on entire market, it cashes out all open selection bet positions. The Profit parameter is mandatory one, so if you want to force the bot to cash out at any profit/loss, you must set Profit to 0 and Loss to 0.001, what covers any profit or loss trigger condition.

Hi Stefan,

Wow, thanks for your detailed instructions . . . it works perfectly. I doubt I would ever have figured it out! I have made the donation for a month at this stage and will contribute to the forum.

Regards

Neil

NZ

If you want to trigger your action bots by football/soccer match score or time then you must use “Football Bot”.

Please install the latest version of bfexplorer:

http://bfexplorer.net/Products/Bfexplorer

In the old version the Score parameter was mandatory, and you want to trigger by match time only as well.

First you need to setup your two action bots, to place lay bet on “Over 2.5 Goals” and cash out.

1)

Use “Place Bet” bot and set following parameters: AllowPlacingBetInPlay to True (checked) , OfferMyBet to False, BetType to Lay, Stake, ExecuteOnSelection to 2, and name this bot setting: Lay Over 2.5 Goals

2)

Use “Close Selection Bet Position At Odds” bot and set following parameters: Odds to 0, ExecuteOnSelection to 2, and name this bot setting: Cash Out Over 2.5 Goals

3)

Use “Football Bot” and set following parameters: BotName to: Lay Over 2.5 Goals (use bot dialog to select your action bot, as typing the bot name you can make a mistake), Score to: 0 – 0, MatchTime to: 27, and name this bot setting: Lay Over 2.5 Goals at 27th minute and 0 – 0

4)

Use “Football Bot” and set following parameters: BotName to: Cash Out Over 2.5 Goals, MatchTime to: 46, and name this bot setting: Cash Out Over 2.5 Goals at 46th minute

5)

And finally to execute your strategy by one bot, use “Execute Bots” to add execute your two football bots, set the parameter BotNames to: Lay Over 2.5 Goals at 27th minute and 0 – 0; Cash Out Over 2.5 Goals at 46th minute (again use Select Bots dialog instead of typing bot names), and name this bot setting: My Football Lay Over 2.5 Goals Strategy (or of course name your bot settings as you like).

You execute “My Football Lay Over 2.5 Goals Strategy” on selected markets manually or you can use Bot Executor tool.

Hi, do you have any more information about this backtesting?

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What do I need to be able to work with it?

No, there is no easy way to differentiate. Very unfortunate. Never mind, i'll keep manually choosing race meetings daily.

Use My Bet Position tool to close your bet position, or just see total profit/loss per market. Open Markets view also presents total numbers per market like: Total Matched, Unmatched Bets, Matched Bets, Profit Balance and so.

Read this article:

http://bfexplorer.net/Community/BlogContent/234#Save Betfair Data to Database

Unfortunately all information I have got about a race is already displayed in Event Browser. Maybe there is possible to distinguish between race types from a market name, and then you would be able to filter events in Event Browser view.

For GB and IE horse racing events, betfair offers timeform data, and I had done such projects which uses those data.

Betfair exposes their data through betfair api. In order to receive data from betfair server, the client (bfexplorer app) must sent a request to the server (betfair api server), the server replies with response data. This communication takes some time, and most of it depends on the Internet connection latency.

In my case I am from Slovakia so from my location the internet connection latency to betfair servers is about 70 ms. Users located in London have about 15 ms, basically as close your computer is to betfair ones in the Internet infrastructure, the better your Internet connection latency is.

So if I set update period to 50 ms, it actually does not mean that data from befair servers are delivered to bfexplorer every 50 ms, but instead it says that bfexplorer requests new data after 50 ms period.

To get real time period of market prices update time, you must add your Internet connection latency and of course a time needed to process those data by bfexplorer, and that depends on your computer power, this time is actually unimportant when comparing to the Internet connection latency time.

When using market/order streaming technology, a communication channel is open to betfair server, and bfexplorer only reads responses, so the intenet connection latency is applied only in one part of communication, and not twice like it is in REST client/server communication.

Betfair applies limitations to client/server communication asking developers not to update one market data quicker than 200 ms, such limitation is not applied to market/order streaming technology so you can set update period to 0.

Hi Stefan. What does it mean 50 ms update perod ? Every 50 ms prices are updated ? 50 ms is max. ?

First you need to define how you will bet on games. Have a look at on “Tennis Bot”:

http://bfexplorer.net/Articles/ByTag?tag=Tennis

From BDP, please see the answer to your other question below:

"The betfair market streaming service allows setting MarketFilter eventTypeIds, and many other filter criteria, what means that your app could be notified whenever betfair adds a new market to monitored eventTypeIds. The question is how frequently such filter setting queries data on betfair side?"

Notification of new markets fitting the subscription criteria will be pushed out by Betfair within ~50milliseconds of them being published into our database.

When you place bets on a market you open your bet position on this market. On betfair you can close your bet position (cash out) by placing opposite bets to your opening ones.

This procedure is also called: hedging, green out, close your bet position, and so on.

In Bet Event (or Bet Event Trader) view you have got green or red button/s showing your current profit or loss on a market (on the market selection/s) when you place bets on the market (on the market selection/s) and these bets are matched. If you click on the button, then your market bet position is closed with profit or loss which the button was showing at the moment you clicked on it.

You can find this feature on all green/red buttons, also in the Market menu (Market/Bet Wizards) when clicking on “Close Bet Position” or “Close Selection Bet Position”, and in the “Bots to Execute” when adding a bot by clicking Add a new bot button, you can find following bots:

Close Selection Bet Position

Close Selection Bet Position At Odds

Place Bet And Close Selection Bet Position

Trailing Stop Loss

Close Market Bet Position

Trailing Stop Loss On Market

Those are all bots which are able to place your hedge bet to close your bet position automatically, and it is really only up to you which one you will use depending on a strategy you will execute.

In your case, as you place more bets on more market selections, you need to use “Close Market Bet Position”.

This article shows how you can add a new bot and execute it on market selection: My betfair bots.

The procedure is the same, for any type of bot. You select the bot you want to use (in your case “Close Market Bet Position”), set its parameters and name your bot settings, clicking on Save button will your bot settings, and your bot appears in the list of Bots to Execute.

Read the following article and watch the article video, showing automatic execution of similar strategy, you want to execute: Horse Racing - Dutch favourites and close bet position by hedging.

On bfexplorer forum you can find more articles showing how to use “Close Market Bet Position” bot.

Thanks Stefan, am advancing on practice. What i am wishing to do is back 3 or 4 selections in a race and have the software take a set profit if it sees the chance in running. How is this done. i'm a slow learner.

You installed software and I believe you read products web pages because you tried Bfexplorer BOT SDK as well.

On bfexplorer product web page there is list of main features:

http://bfexplorer.net/Products/ProductFeatures

So if you have got problems to understand a feature, you can watch short video showing you how to use such bfexplorer feature, tool or bot.

In your betting/trading solution, there are included the following features:

Bet operations

My betfair bots

Bot executor

Therefore I do not understand why you posted a comment to the article/feature having no influence on what you want to do.

Yes, in BOT SDK you can find bot scripts for dutching as well. You can manually place dutch bets using Bet Wizards (click on Market menu) and close market bet position using “Close Market Bet Position” bot at set profit or loss target.

Hello to everyone, First impression of this platform is daunting. i believe it could be quite amazing but after attempting to get a feel for it i gave up and have wiped it off and reloaded 4 times. Maybe if i say why i am interested. After using another app on trial i worked out a plan via dutching 3 or 4 sometimes up to 6, selections depending on the odds and set myself to gain 5% minimum of the bank. i am having success, which is the intent for using software from my perspective. What i realised was that during the race there was a lot of profitable amounts being shown for a split second on the green up box, but the software was too quick for me manually or wouldn't place the order. That's when i went searching for other software. From what i have read and watched of your software, it seems to be possible, only trouble is i can't make out how to set it up to do this. Am finding it very difficult to comprehend how to programme it. i was thinking that there was more coding in the 2nd download the sdk, but when i downloaded it was in files that i gather have to be placed somewhere but no idea where. maybe i got too used to the other app i was using. is there a manual to peruse step by step? i just want to set up the dutching plan on horse racing to experiment if i can do what i think is possible with this software. Am i able to hide everything else until i get more proficient?  Thankyou. The software, no doubt, is very exciting and way above my understanding. You are the professor, i am the first year student starting at lesson one. Happiness to all.

Great! Thanks a lot, that is exactly what I needed. The bets aren't Dutching, just a simple home odds criteria, so I'll be betting the Correct Score with equal pts/£/$. I notice Betfair doesn't give Correct_Score2 on every match for higher scorelines which is a shame.

You will need to use following bots:

Place Bet

Execute On Selections

Execute On Associated Market

If Then Else

I do not know what kind of bets you want to place on 1 – 0, 2 – 0, 3 – 0 selections of the correct score market, it makes sense to be dutching bets, like you can find in Bet Wizards tools (click on the menu Market / Bet Wizards / Back Dutching)

Unfortunately “Dutching Bot” is not yet available, so you can only use StakeType parameter of “Place Bet” bot to declare what Stake amount will be placed.

To place bets on 1 – 0, 2 – 0, 3 – 0 selections you create bot settings using “Execute On Selections” bot. The 1 – 0 selection have index 5, 2 – 0 have index 9, and 3 – 0 have index 13, so in the parameter OnSelections you type: 5,9,13 and ask to execute your Place Bet bot.

The next step is to use “Execute On Associated Market” bot, here you set BotName you want to execute, so it is bot name you created using “Execute On Selections” bot. The parameter Market name is: CORRECT_SCORE.

You want to execute your strategy only on football matches where the home team is traded <= 1.5. All selection bots, so bots which offer the parameter ExecuteOnSelection, also offer selection criteria you can add in Entry Criteria tab panel.

Unfortunately “Execute On Associated Market” bot is not selection bot, it is market bot having no information about the market selection on which it is executed, therefore you need to use “If Then Else” and set the parameter IfThenCriteria to: [LastPriceTraded] <= 1.5, and IfThenBotName to the assigned bot name of “Execute On Associated Market”.