Posted in Betfair bot for this week, algorithm and strategy by fogy
HI I would like to try to test the Martingale system on horse races using a robot.For example, i set that i want to win a 5% from my account.The robot will place a bet on first favourite in race. If the favorite loses the robot will place a next bet .
account 100
first bet 2 x 3,50 = 5 lose
next bet 3,45 x 3,9 = 10 win stop
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Thursday, July 30, 2009
Marginale system is very nice but it's very risky. Maybe better solution is use Lay/Back or Place bet & Close position bots (=trading bots).
see example(if you want to back on favorite - Marginale vs trading):
1. favorite lost - lost whole bet (5) - lost (according to setup for example 20% - 1 EUR)
2. favorite lost - you lost (5 from previous + 10?) - lost (2 EUR + 1 previous)
3. favorite lost... (it's common in 3-4 races and then is win - or next loss... you need big capital)
There is bigger risk because bad day and you need big capital and luck. (profit/risk is big!)
But it is very nice idea for bot :)
Thursday, July 30, 2009
Betfair bot for this week
Of course any martingale betting system can be very risky, therefore Fogy should be very selective in horses or markets he wants to run using this strategy, and he should make some statistical research first to find the edge for such system.
On the other hand I know that Fogy just wants to run this system for testing only, in practice mode, and he added this forum article after we discussed during chat this forum article (it is in Slovak language):
Betfair bot/robot: Automatické stávkovanie alebo obchodovanie
I offered in this article my help in programming small and simple betting or trading bot solutions using the action Bot or LookUpBot and Trade opportunity lookup service (TOLS) and Execute my strategies on selections tools.
My time is very limited so I offered that each week I will select one sugestion for betfair bot strategy and build it. I will show you how to make an betfair bot. All you have to do is post your sugestion for betfair bot strategy in this forum section:
Betfair bot for this week
Thursday, August 06, 2009
Betfair bot source code
Yesterday I tested this betfair bot with following results.
You can download the source code of this betfair bot.
You should read about Trade Opportunity Lookup Service (TOLS) to know more about how to use custom built LookUpBot scripts with TOLS:
Thursday, August 06, 2009
Betfair bot for this week
I have published this article describing the main goal for: Betfair bot for this week
Wednesday, August 12, 2009
I tested this bot for a last week and results are very good.I won 5 % of my acconut every day.The longest K.O series was 5 races.
Thursday, August 13, 2009
Mythbusters in action on betfair horse racing market with martingale staking plan
I have just created this betting strategy as a plugin for Bfexplorer PRO and run in on my testing server. I will leave it running as long as possible, so we will see if the myth about any martingale system can be busted or not.
I am really curious what the longest losing strange could be and how much we could lose if it goes wrong in our attempt to win just 10 Euro per day with this betting system.
Monday, August 17, 2009
Stefan & fogy,
is it working for longest time correctly?
Stefan,
could you please give us link for plugin for download?
EDIT: I try to use bot with TOLS but... Please help me to correct setups for this bot.
15:14:14: Starting bot for the market: Wolv 17th Aug (15:15 1m Mdn Stks)
15:14:14: Failed to create the bot object instance: Bfexplorer.Scripting.BetOnFavoriteStopAtProfitLookUpBot
15:14:14: System.MissingMethodException: Constructor on type 'Bfexplorer.Scripting.BetOnFavoriteStopAtProfitLookUpBot' not found.
at System.RuntimeType.CreateInstanceImpl(BindingFlags bindingAttr, Binder binder, Object[] args, CultureInfo culture, Object[] activationAttributes)
at System.Activator.CreateInstance(Type type, BindingFlags bindingAttr, Binder binder, Object[] args, CultureInfo culture, Object[] activationAttributes)
at System.Reflection.Assembly.CreateInstance(String typeName, Boolean ignoreCase, BindingFlags bindingAttr, Binder binder, Object[] args, CultureInfo culture, Object[] activationAttributes)
at b3.a.a(Object[] A_0)
at b3.a(String A_0, Object[] A_1, String& A_2)
Monday, August 17, 2009
Martin, it seems you are trying to execute LookUpBot with Bot Executor, right? The custom LookUpBot script can be executed only with Trade Opportunity Lookup Service tool.
Monday, August 17, 2009
where is plugin?:)))
Monday, August 17, 2009
Hi Stefan,
I see my fault :) Thank you! I executed strategy directly from TOLS.