AutoBookmaker - A tool for expert players
AutoBookmaker - A tool for expert players
Automatic strategies mechanism
The automatic strategy mechanism implemented in the new BetDriver version is slightly different from previous versions. The first conceptual difference is that now it is possible to create an unlimited strategies number yourself. All of them are based on several basic programs, which include advanced functionality for various betting strategies implementation. There is a certain general functional model, according to which the program operates. You only adjust the parameters of the work according to your desire. Thus, each created strategy is an array of settings that is saved under its own name and operates independently. Let us consider the basic Autobookmaker automatic strategy. The general model of the strategy’s operation consists of several stages.
Stage 1. Markets search.
To get started, it is necessary to select those markets where we plan to implement our strategy. There is a possibility to select a number of parameters by which the markets will be included in the selection for work. Further, the markets that will be included in the selection will be processed according to the specified algorithm.
Stage 2. Markets processing.
All found markets are constantly monitored by the program “in a circle”. In each market, the program places bets according to a given algorithm. The general betting principle of betting is as follows:
- first, the initial Lay bets are placed on the basis of the selected parameters;
- if the bet is accepted, then: – if additional Lay bets are included, then an additional Lay bet is made according to the decreasing algorithm; – if additional Lay bets are not included, then the initial Lay bet be made again after a specified pause;
- if the Trade mode is enabled, then: – a Back bet is placed after each accepted Lay bet; – after this, if the Back bet is accepted, then the Lay bet, similar to the previous one (which “generated” the Back bet) will be placed again.
Stage 3. Markets closure.
Market closure can be enabled or not. If closure is enabled, then the program stops placing bets according to the main algorithm , cancels all bets and tries to equalize the results for all outcomes from the moment of closure beginning. Now that the general scheme of the program’s operation is clear, let us consider all its possible parameters.
Markets search parameters
It is recommended to select parameters sequentially, from top to bottom, since the content of some parameters depends on the previously selected values.
- Exchanges Possible values: UK or AU Exchanges for markets search UK – (United Kingdom), AU – Australia.
- Types of sports Sports for which the markets must be searched.
- Countries Countries where the competition takes place. All countries are searched if the country is not specified.
- Venue Venue – location, hippodrome. Actual only for horse and dog races. All hippodromes are searched if venue is not specified.
- Competitions Competitions, tournaments. All competitions are searched if the competition is not specified.
- Market types The possible market types depend on the sports. Many sports have their own peculiarities. For example, there are types of markets in the horse races: WIN (Winner), Place (Prizetaker) and others.Football has its own types, there are much more of them: MATCH_ODDS (Bets), OVER_UNDER (Totals), CORRECT_SCORE (Result, final score) and many more. Attention! The search is performed in all market types if the market types are not specified.
- With the Starting Price support Search markets with Start Price support only.
- With the In-Play support Searching only for markets where the market is planned to be open to betting during the game (In-Play).
- Already switched to In-Play Searching only for markets that have already switched to In-Play mode at the time of the search.
- Minimum / maximum amount in a pair The volume of accepted bets on the market at the time of the search. 0 – without limits.
- Minimum/maximum outcomes number Minimum / maximum outcomes number in the market. 0 – without limits.
- Search period During each search, the program is looking for markets starting from the current moment and at the specified Search period. The screenshot above shows the information for 1 hour ahead.
- Filter Additional text filter. Only markets and competitions containing this line will be found it that filter is specified.
- Search frequency Markets search repeat frequency.
- Maximum markets number The maximum markets number to add to search results. This parameter can be useful for strategies testing. 0 – without limits.
- Minimum / maximum market number ending A filter for random markets selection for its number ending (ID). The default is from 0 to 99 – all markets.This parameter can be useful in the case of launching one strategy on several accounts – for random division of the markets between accounts.
- Minimum / maximum minute of the market start hour A filter for selection of markets starting at specific minutes of the hour. The default is from 0 to 59 – all markets.This parameter can be useful in the case of launching one strategy on several accounts – for classifying markets between accounts by start time.
- General market data update period The frequency of the general market data update. The most important thing is the market start time.The parameter is actual especially for tennis matches, where the markets start time often changes – postponed to a later time.
Markets processing parameters
All found markets are constantly monitored by the program “in a circle”. In each market, the program places bets according to a given algorithm.
- Virtual amounts The program will “see” the so-called virtual (mirror) amounts in the markets if the checkbox is activated. Learn about the details here: https://api.developer.betfair.com/…/Virtual+Bets
- Processing frequency The frequency with which the program will request markets data and implement further actions if necessary.
- Process In-Play markets If this parameter is activated, bets will also be placed on In-Play, otherwise – only before the market transition to In-play (Pre-In-Play). Attention! Search options “Already moved to In-Play” and “With In-Play support” only affect adding markets to search results.At the same time, only the parameter “Process In-Play markets” decides whether bets will be placed on In-Play.
- Betfair fee(%) The fee applied to your account. It is only needed to calculate the strategy operation results on the Statistics tab:
- Transaction counter Limit of bets (transactions) per hour. The exchange holds a fee for exceeding the limit of 5000 transactions per hour. The Period (minutes) parameter is the length of the segment within an hour (in minutes) for which transactions will be limited. For example, if 1 is mentioned, then a limit of 5000 per hour means 5000/60 * 1 = 83 per minute; if 15 minutes are mentioned, then a limit of 5000 per hour means 5000/60 * 15 = 1250 in 15 minutes. If 60 minutes are mentioned, then the program will not limit transactions within an hour, only the general limit will be in effect – 5000 per hour. The rest of the transaction parameters are not edited, they display the transactions number made in the current period of time. The “Total transactions” parameter shows the transactions number made since the start of the strategy.
Base odd calculation parameters
- Base odd calculation algorithm Possible options: – With all matched amounts. The base odd is calculated in accordance with the volumes of all transactions in the market according to the following algorithm: a) for each outcome, the weighted average odd is calculated for all matched amounts according to the formula: (odd * odd amount) / (total amount for all odds) b) the odds for all outcomes are converted into probabilities (1 / odds), summed up, proportionally brought to one and converted back into odds Note:a situation when the sum of the probabilities of the weighted average odds will greatly differ from one. If it is more than 1.2 or less than 0.8, the program considers that such an error is too large and the base odds will not be calculated c) thus a base odd equal to “net” or “fair” is obtained for each outcome – With the matched amounts from the moment of entry. The calculation algorithm is similar, but only the amounts matched after the market was found are taken into account. The base odds will be calculated as soon as some sums are matched for all the outcomes. – Consider the current market odds as basic. The program considers the current odds on the left side of the market as basic (odds available for Back bets).
- The minimum amount of the odd “visibility” on the market When determining the current odd in the market (with the established calculation algorithm from the current ones), those odds where the amounts are less than the specified parameter will be ignored. For example, there is a following situation on some outcome on the market: 1.56 ($ 1500) – 1.57 ($ 2300) – 1.58 ($ 10)If we place 20 on this parameter, then 1.57 will be taken as the current odd, and if 10 or less – then 1.58.
- Calculate the basic odd only once If this checkbox is set, the base odd will be calculated only once at the first market entry. However, if it was not possible to calculate the base odd at the first entry, the program will try to calculate it until it succeeds. As soon as the base odd is calculated, the program will remember it and will not recalculate it again. If the checkbox is cleared, the program will recalculate the base odd in accordance with the specified algorithm with the every market entry.
Betting filters parameters
- Minimum/Maximum Overround (%) Overround – the sum of reverse odds in the market multiplied by 100. For example, if the market has the best odds for Back betting: 1.7 / 3.5 / 5.5, Overround = (1/1.7 + 1/3.5 + 1/5.5) * 100 = 105.58%. If the current market Overround does not fit within the given limits, no initial bets are made on the market.0 is without limits as a default.
- For horse races only: Minimum/Maximum race track length The track length is set as: XmYf, for example, 1m6f. Two characters may be present, for example 6f or 1m. No initial market bets are made if the market length does not fit within the specified range.
- ТFor horse races only: Hurdles Possible options: – Only with hurdles – bets are placed only on those markets where the Chs or Hrd designations are present in the market name – Only without hurdles – bets are placed only on those markets where the Chs or Hrd designations are not present in the market name.
- Minimum/Maximum Lay bets odds Lay bets will only be placed within the specified range of odds.
- Delete markets that do not meet conditions on first entry If the checkbox is set, then if the program finds the market that does not match the specified filters, it will be removed from the list for processing and will not be processed anymore. If the checkbox is not set, but the market does not pass through the filters, the program simply skips it and processes it next time.
- Minimum / Maximum spread on the outcome (in ticks) Spread is the difference between the market Back and Lay odds. 0 – unlimited.
Lay bets parameters
- Initial bets amount The amount is specified in the account currency. The bet amount is counted from the specified option: – Payout – Bet Amount = Specified Amount / Odd – BetAmount – Bet Amount = Specified Amount – Liability – Bet Amount = Specified Amount / (Odd – 1).
- Margin from the base odd The margin is specified in ticks or in percentage. If it is in ticks, then the initial bet odd will be decreased from the base odd by the specified number of ticks. If it is a percentage, the initial bet odd rate will be reduced from the base one by the specified percent number and rounded down to the nearest correct price.
- Additional formula for the initial bet decrease The formula for an additional decrease (to the main margin) in ticks, depending on the odd. The variable k – an odd that can be used in the formula. When calculating the initial bet price, it will be further reduced by the number of ticks obtained by this formula. For example, you can enter the formula: 10/k – this means with an odd of 2 it will be reduced by another 5 ticks (10/2 = 5), and with an odd of 5 it will be lowered by another 2 ticks (10/5 = 2).
- Maximum obligations on the outcome The amount of obligations actually incurred for the accepted bets on the outcome, after which the program stops placing Lay bets on this outcome.
- Maximum number of Lay bets on the outcome The maximum Lay bets number on the outcome, which are not covered by the accepted Back bet.
- Initial bets placement frequency The frequency with which the program places Initial Lay Bets if no additional Lay bets are placed. No other Initial bet is placed until the Lay bet is accepted. If the Initial bet is accepted and the additional bets are disabled, then the program will again place the Initial Lay bet according to the specified algorithm after a specified period of time.
- Place additional bets If the checkbox is set, an additional Lay bet will be made according to the decreasing algorithm after the Initial Lay bet acceptance.
- Additional Lay bets decrease The decrease is set in ticks or in percentage form from the previous Lay bet acceptance.
- Amount decrease coefficient while decreasing The additional bet amount calculated depending on the specified bet amount option, it will be multiplied by this coefficient.
- Apply existing Lay bets at the start When this parameter is enabled, unaccepted Lay bets placed outside the strategy will be applied to the strategy. It is necessary to set this parameter when restarting the program. It is not required in other cases.
- Enable trading When the checkbox is set, each accepted Lay bet will “generate” a reverse Back bet according to the specified algorithm. Further, each accepted Back bet will “generate” a reverse Lay bet.
- Place Back bets with the “Leave in In-Play” value При установленном флаге ставки За будут оставлены в In-Play. When the checkbox is set, Back bets will be left in In-Play. In this case, the “With In-Play support” value must be set in the search parameters.
- Back bets increase The value in ticks or percentage form, by which it is necessary to increase the Back bet odd. The Back bets amount will be calculated in such a way in order to equalize the positive result for all outcomes.
- Trade within the spread if possible When the cehckbox is set, the program will place Back bets higher than the specified ticks or percentages, if the bet turns out to be the best offer on the market – that is, inside the spread. The same applies to Reverse Lay bets, which are placed after Back bets have been accepted.
- Back bets amount decrease coefficient The Back bet amount calculated for the equalization for all outcomes, it will be multiplied by this coefficient.
Markets closure parameters
- Cancel all bets after the market transition to In-Play If it turns out that the program has placed bets in In-Play after the transition, they will be canceled.
- Close markets If the checkbox is set, the program will stop placing bets according to the main algorithm for a specified time before the start of the market, cancel all bets and try to equalize the result for all outcomes.
- Closure time (before the event start) Time before the start of the event at which the markets begin to close.
- Instant closure time (before the event start) The time for equalizing the market by market odds.
- Closure attempts frequency The frequency with which the program will try to equalize the results for all outcomes.
- Use mirror closure If the parameter is set, the program will choose the outcome on which it is more profitable to bet when placing closing bets on two-outcome markets. For example, instead of Back betting with odd of 1.2, it is more profitable to place a Lay bet with odd of 5.6.
- Only cancel Lay bets If the checkbox is set, the program will simply cancel all Lay bets and leave Back bets at the closure time. No more bets will be placed on the market.
- Keep closing bets in In-Play If the parameter is set, closing bets will be placed with the “Leave In-Play” checkbox.
- Inaccuracy of totals during the equalization Difference in totals during the equalization. For example, if we bet 1 cent, the program will try to equalize the results for all outcomes until their difference exceeds 1 cent. It is recommended to bet at least 5 cents, although the equalization is often impossible.
- Minimum equalization bets amount No equalization bets will be made for less than this amount. It is made for transactions saving.
- Minimum/Maximum odds of Back/Lay bets It is possible to limit the closing bets odds, if desired. Closing bets will not be placed with odds outside the specified ranges.
- In the “Alerts” parameters, it is possible to set the name of the sound file played when bets are accepted, if the corresponding checkbox is set.
- Autostart – the strategy will always be launched within the time interval specified in the Start time and Stop time parameters when the Autostart checkbox is set. If the start time and stop time are set as 00:00:00, the strategy will run continuously without stopping.
- Stop betting when profit/loss is reached – if these parameters are set to values other than zero, the strategy will stop betting if the profit/loss exceeds the specified value as a result of the strategy’s operation. Strategy profit/loss:
is reset to zero when the strategy is stopped. Thus, it is possible set the maximum losses / profits based on the day results and stop or start the strategy once a day using the Start time and Stop time parameters.
good luck in finding your profitable strategies!