Probably you thought about a betting software and what advantage it can give you. In this article I’ll explain how to choose a right software for your needs.
1. First of all think if you are ready to switch from manual betting to automated betting using a software. Automated betting and using a software requires certain knowledge in betting. At least you should be familiar with Betfair or Betdaq (because most of the software bots that you can find will work only with these two betting exchanges). You should understand how betting exchanges work. If you are a novice in betting world or only start trying Betfair, it is not good idea to immediately get your hands on a betting software or a bot. Most likely it will be hard to understand how the software works and all its options because a bot is usually much more sophisticated than website of a betting exchange (Betfair or Betdaq). So to summarize, you should try bots and software only when you are familiar with all options that Betfair has to offer including lay betting, BSP betting and inplay betting.
2. Trading or betting. You should decide if you want to trade or just bet on Betfair. Because there are basically two different types of betting software. Trading software is good when your objective is to manually trade on Betfair, e.g. place a back bets and then green it up with lay bet on the same horse making a profit. However such software can’t handle betting systems or fallow tipsters. If you want to use a betting system, i.e. automatically place a sequence of bets in different races aiming to make a profit or automatically load selections from a tipster you need a betting bot or Betfair bot. Such software can’t trade but has other advantages like staking plans and sophisticated betting conditions. If you are reading this article, most likely you are a novice and trading will be too difficult for you.
3. Specialized software. It is not possible to have a betting bot that will do everything good. For example, horse racing and football betting are quite different, especially when it comes to inplay betting. So if you are certain you will be betting on football, it’s betting to grab a dedicated betting bot for football markets. Likewise if you are not interested in football betting, look at software that works only with horse racing and greyhounds. You will be able to take most of it then.
4. Mac, Windows or Mobile. There are much bigger choice of betting software made for Windows than for Mac OS. Only few bots are made for mobiles. One of options for Mac users is to rent a VPS (virtual private server) that can host a bot made for Windows. There are, however, bots that you can access from any device (Mac, Windows or Mobile), for example, 5starbot.
5. Price. Basically two options available on the market: Subscription and one time payment. Subscription can be either monthly or annual. Make sure you understand what you get for the price. Some companies stop providing support of the software after 1 year if payment is one off.
And one more tip. Customer support. Contact the company that makes betting software you are considering to buy. Note how prompt they get back to you. This matters because if you have any requests or questions in future, it’s important when someone if around to help you.
Sometimes you may find yourself in a situation when no Betfair software available on the market fits your requirement. You may have some very specific logic to select horses. Maybe you need to check prices on both Win and Place markets, limit matched volumes and so on. The best way might be to get a custom made Betfair software. You don’t have to be a software programmer but you can hire someone to develop the software for you.
There are several ways to get this done. You may request new features for a particular Betfair software for sale. For example, Betsender team offers free custom staking plans for anyone who has purchased the software.
Also Betfair has it’s own directory of companies that offer their services.
Recently Betfair has announced their support program for mobile software developers. To encourage developing of mobile bots, Betfair offers a share in it’s commission revenue.
Any vendor who sells mobile software for Betfair will receive 5% of Betfair commission generated by all users betting with the software. The group of mobile platforms consist of Apple OS, Android, Blackberry and Windows Phone 7. The software has to use Betfair API and pass certification process.
The offer is valid until 30th April 2012.
At the moment there is not many Betfair programs developed for mobile devices, so hopefully this new initiative will change the things.
From Wikipedia: “An application programming interface (API) is a particular set of rules and specifications that a software program can follow to access and make use of the services and resources provided by another particular software program that implements that API.” In other words API is a kind of protocol which a software developer can use to create software that works with a particular service (API provider).
Betfair has it’s own API to allow software developing companies make software which access Betfair’s data. In this case Betfair is service provider and other companies are clients to it’s services. The API can be used in different programming languages which support web services. It can be utulised even in Excel.
The API has been designed for two purposes. First is to give vendors a unified, not html-dependent way to make Betfair software. Second is to control increasing number of software and minimize security risks for users who use the software. The second purpose is achieved by requirement to pass certification process to access API for every redistributable software.
There are Free API (personal) and Vendor API (commercial). Commercial API is dedicated for software vendors who want to distribute their software to other users. Usually it’s a trading software or software for tipsters. It’s goals are speed and manageability. You have a vendor control panel where it’s possible to manage Betfair users who can use your software. However Vendor API costs 200 GBP per month to a vendor. Free API doesn’t have any charges, but the number of requests is limited. For instance, it’s not allowed to request market prices more than 60 times per minute. Here is the official Betfair page comparing these two APIs.
Free API can be easily accessed by anyone who has some programming knowledge. There are free samples which demonstrate how to utilise the Betfair API.