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I want a Betfair Trading Terminal to look for opportunities in the UK horse racing markets 7 days per week.
The Betfair trading terminal will allow us to fully automate some relatively simple but powerful trading strategies on the Betfair exchange.
I want to create bet plans Like Back First Then Lay, Lay First Then Back, Straight Back or Straight Lay, also with Stop Loss Capability.
Need to be able to run multiple strategies to set up complex trading scenarios.
Here’s an example trade, one of many strategies I want to be able to employ.
We are going to back any runner that reaches the trigger odds of between 2.00 and 2.50 any time before the race or during the race in-play.
We will place a bet at 1.70 in the market. Betfair will then attempt to match that bet at best value which means we should get 1.70 or higher/better odds.
Once matched, a lay bet will then be placed immediately for a 30% profit. The software will calculate the price and stake required to achieve that.
We will only allow the software to place one bet per race using the max bets option. We could allow more bets and monitor any horse that meets the criteria. We could also select our own horses or monitor a favourite like 1st, 2nd or 3rd favourites in the betting.
We can then attach the strategies to any of the races in the markets tab.