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Betfair Bots – How They Work
Imagine betting (and possibly winning!) without thinking or tapping on your computer screen – this sounds like science fiction, but thousands of Betfair customers do it every day using automated betting programs known as ‘betting bots’ that do all of the hard work for them! However, creating and maintaining automated betting systems requires knowledge of software programming as well as an effective strategy for taking advantage of mistakes in odds.
There are a number of automated betting programs on the market that work similarly; they analyse and process data to detect price movements, then execute commands to act upon this movement – whether this means placing bets or simply altering stake levels. They’re widely used for strategies like arbitrage betting, value betting and scalping – or for trading purposes to help make multiple trades at once.
Most bots are freely downloadable and open source, allowing you to test them without spending money upfront. Many are even free! It is important to remember, though, that they cannot guarantee profits as their predictions rely on an approximate mathematical model of the market which may or may not be accurate; should it move contrary to expectations then your bot may lose money as a result.
One of the more widely-used automated betting programs is Betfair Trading Bot, compatible with most Betfair accounts and boasting several distinct features that set it apart from other software – such as being able to back or lay up to 5000 bets an hour, as well as its practise mode that lets you test out a system before risking real money. Furthermore, its link with spreadsheet allows users to set their rules more easily.
Bot Beetle, another popular Betfair user tool, allows users to back or lay selections at the best available price, dutching options and various staking plans (progressive, fixed percentage and recovery-based systems) can all be configured into this program.
An automated betting bot system offers many advantages over human intervention when placing bets live events such as hockey games or baseball matches, eliminating human error that could cost money due to human mistakes and human error in this type of situation. People are turning towards automation so as to increase their odds of victory – an excellent betting bot can give your chances a considerable boost!