Comments on: Betdaq and Betfair Arbitrage

By: Peter Allan Roberts

Peter Allan Roberts — Tue, 04 Oct 2011 23:38:03 +0000

The only bot you need is between your ears & fast fingers, two pc’s or split screen; I trade mainly football & devise dynamic spreadsheets. A model I use determines the true spread prices of any market and by checking both exchanges one can instantly see which exchange is out of sync which often leads to an arb.

Today for instance the true price on overs in Morecombe V Preston was 1.7 ~ Betdaq had 1.98 on offer ~ Betfair was 1.63 to lay ~ of course I cleaned up so don’t anyone say they don’t exist. I gave the arb out on Twitter ~ greenday4u profile.

By: x-Programmierung

x-Programmierung — Sat, 20 Mar 2010 16:49:20 +0000

Hello guys,

we’ve started developing this software. Only one problem is that there exists time stamp that makes the whole bets not really sure. Second thing is that BetDaq doesn’t have such amount of betting volume as betfair.

Cool thing would be for example betandwin + betfair but betandwin = flash – no chance of parsing the data.

Any other ideas or betting exchanges with API?

By: George

George — Mon, 19 Jan 2009 05:52:16 +0000

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?

By: Man of Mystery

Man of Mystery — Sat, 17 Jan 2009 06:08:20 +0000

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.

By: George

George — Sat, 17 Jan 2009 05:52:09 +0000

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.

By: Rab

Rab — Sun, 09 Nov 2008 18:58:54 +0000

Thanks Man of Mystery.

By: Man of Mystery

Man of Mystery — Sun, 09 Nov 2008 16:37:44 +0000

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.

By: Rab

Rab — Sun, 09 Nov 2008 15:42:21 +0000

Hello. Is there actually a bot for the above (Betdaq and Betfair Arbitrage), and if so, how does one obtain it. Thanks