Betdaq and Betfair Arbitrage
This was taken an hour ago from Wolverhampton’s 7:50pm Ladbrokes Poker Maiden Auction Stakes. There were dozens of opportunities for arbitrage on Betfair and Betdaq today. The example I show you here is the 7.50pm at Wolverhampton. Please look at Denton Diva. £6 available at 16 and £57 available at 15.5 to back on Betdaq so what the bot does is look for another opportunity in Betfair. Ahh, lovely, there’s £22 available to lay at 9.8 and £37 available at 10.
So fill or kill orders go in simultaneously on both exchanges. The bot sees what is matched and aims to balance for a risk free profit of £20. I’ve allowed for a commission of 5% in both exchanges. A yield of
2.85% in a second. And no risk – assuming you’re matched in both places. I’ll write more on this at another time. And if ever there was a good time to have an account with both Betdaq and Betfair it is now. But it will not last for long!
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Hello. Is there actually a bot for the above (Betdaq and Betfair Arbitrage), and if so, how does one obtain it. Thanks
Hi Rab. There isn’t one commercially available because each API from Betdaq and Betfair specifically precludes such a trading application. You can’t feed both APIs in to one bot. But it is technically possible. Though the vendor would lose their authorisation currently in a New York minute if they did it.
But then again a screen scraper not using the API couldn’t be stopped, perhaps. Watch this space.
Thanks Man of Mystery.
Looking at that image, there has to be something wrong with the feeds, one of them must be delayed. No way are prices ever that far out of line. I’ve heard you mention betdaq/betfair arbing a few times but I’ve yet to see an arb.
Hi George.
Valid point. But as I was only watching it’s impossible for me to say definitively. But there have been many other such spreads. I doubt they are all lagging.
Have a great weekend sir.
ok, thank you.
I’ve just looked through all of todays racing and didn’t spot a single arb. The closest I saw was back price being the same as lay price on just a couple of runners. Maybe a piece of software would find a pip here and there if it was constantly looking, but minus commission and occasional mess-ups it surely would be hard making money.
Another thing that concerns me is what happens when there’s a NR. Your snapshot is still far too good to be true, had a NR just been removed / announced perhaps?