Arbusers

Has anyone experience with Vodds UNITY API?
As a Sportmarket user (I use it mostly to bet with PS3838 via their API since Pinnacle left my country), I was always interested by their Sportmarket PRO API solution (which is based on Mollybet) but I am somewhat put off by the costs and conditions.
According to the latest info taken directly from the Sportmarket website, there is:
- A one-time €750 fee for enabling the API in Sportmarket PRO
- A 0.5% turnover-based charge
- A requirement to make at least €60,000 in turnover every month to retain API access. If the turnover is not reached during one month, the API services will be disabled. It is possible to reactivate but one has to pay the €750 fee again.

In my case, the €60,000 turnover is normally not a problem except that there is one month per year for which I wouldn't probably reach this turnover, given the sporting schedule. Combining the 0.5% turnover charge and the probable need to pay €750 every year makes this less attractive, especially considering the coding effort required to use Mollybet's API. The main advantage is that I could in some cases get better odds (and maybe higher limits) than when betting exclusively with PS3838, but these costs (programming time, turnover charge and [likely] annual fee) reduce the advantage considerably.

Thus, I was wondering if anyone has information regarding the costs and conditions associated with using Vodds' UNITY API, and whether they had a positive experience (including whether their API is user-friendly or not). I'm curious to see how this compares with Sportmarket's Mollybet offering. I was not able to find precise information online regarding the fees charged for using Vodds' API. Of course, I could write to Vodds directly, but I thought I would check here first. Thanks in advance.

Please feel free to ask here.

Sportmarket PRO API (Mollybet) and Vodds UNITY API are both APIs designed for sports betting, particularly for accessing odds and placing bets through multiple bookmakers.

Thanks, but I already knew that. I was hoping for a more informative reply...

I am new to arbing, for a good few months to be honest. I stumbled upon your post about unity apps of sportmarket and vodds, and it seems like you know this stuff. Well, as i said, I am new to this and I live in Turkiye, I only generate around 3k euros a month.

I don't do arbing, only value betting. But I'm sure other people here can answer your questions regarding arbing.

I really wanted to learn what unity apis do, why are they so expensive? What exactly is it that it does to generate money to you?

You can automate your betting with APIs. Thus, you can automatically spot betting opportunities much faster than if you would do it by hand, and you don't need to be in front of your screen all day looking for betting opportunities. Of course, some experience with computer programming is helpful, or even necessary.

How are you even reaching 60k a month turnover? The sites I use lets me bet 100-200 euros tops for a bet, usually a lot less. I have access to PS3838 and betfair but not to many Asian bookies. I am actually on the verge to joining VIP-IBC or Vodds, still researching but could not find any arb finder for the most of the bookies they offer. How are you finding positive odds on those sites?

I am mostly using PS3838 myself. Indeed, with my style of betting, I am rarely in a position to bet more than a few hundred euros per bet, and sometimes it's less than that, so I'm in a similar situation to you. Yet, my monthly turnover is generally above 60k. Without giving too many details, it depends a lot on the sport(s) on which you bet. Some sports have a ton of matches/events almost every day, and with all the possible bets on handicaps, totals, and the like, it is possible to generate a significant turnover on a daily basis. But don't get me wrong: the idea here is not to randomly bet on many events - obviously, you need to have a reliable model or system to identify potential "value bets", and you need to know what you are doing, otherwise you will lose your money very quickly.

" Also, I really wonder how you are able to find values within a sharp bookie. "

Well, I can answer in a very general manner:
1. Odds from sharp bookmakers, including Pinnacle/PS3838, are not the Bible. If you are willing to work hard, it is possible to develop a model that generates odds that are comparable (in terms of forecasting accuracy) to sharp bookmakers' opening odds, at least in certain sports. Again, experience with statistical modeling and computer programming is helpful.

2. For some markets, odds are not perfectly efficient, even those odds from sharp bookmakers such as Pinnacle/PS3838. This may be due to bettors' biases and preferences, but in any case one can take advantage of these inefficiencies even if one is unable to identify with certainty their exact cause(s). To be more specific, in some markets, some outcomes can be shown to have a systematic tendency to be slightly under/overpriced, and it is possible to take advantage of this tendency. Again, experience with statistical analysis is helpful to ensure that you are detecting a systematic pattern/deviation from efficiency, and not simply a random pattern that has no predictive value.

Hello,
I m interesting, you are using API sportmarket to bet? Why you use ps3838, not pinnaclesports?

Anton Zhukov wrote: Hello,
I m interesting, you are using API sportmarket to bet? Why you use ps3838, not pinnaclesports?

Please read the very first post of this thread, you will find the answers to your questions.

Meise wrote: ↑

Fri Jul 19, 2024 6:19 pm

I am new to arbing, for a good few months to be honest. I stumbled upon your post about unity apps of sportmarket and vodds, and it seems like you know this stuff. Well, as i said, I am new to this and I live in Turkiye, I only generate around 3k euros a month.

I don't do arbing, only value betting. But I'm sure other people here can answer your questions regarding arbing.

I really wanted to learn what unity apis do, why are they so expensive? What exactly is it that it does to generate money to you?

You can automate your betting with APIs. Thus, you can automatically spot betting opportunities much faster than if you would do it by hand, and you don't need to be in front of your screen all day looking for betting opportunities. Of course, some experience with computer programming is helpful, or even necessary.

How are you even reaching 60k a month turnover? The sites I use lets me bet 100-200 euros tops for a bet, usually a lot less. I have access to PS3838 and betfair but not to many Asian bookies. I am actually on the verge to joining VIP-IBC or Vodds, still researching but could not find any arb finder for the most of the bookies they offer. How are you finding positive odds on those sites?

I am mostly using PS3838 myself. Indeed, with my style of betting, I am rarely in a position to bet more than a few hundred euros per bet, and sometimes it's less than that, so I'm in a similar situation to you. Yet, my monthly turnover is generally above 60k. Without giving too many details, it depends a lot on the sport(s) on which you bet. Some sports have a ton of matches/events almost every day, and with all the possible bets on handicaps, totals, and the like, it is possible to generate a significant turnover on a daily basis. But don't get me wrong: the idea here is not to randomly bet on many events - obviously, you need to have a reliable model or system to identify potential "value bets", and you need to know what you are doing, otherwise you will lose your money very quickly.

Well, it looks like you really understand what you're doing. But haven't you considered that if you have such mathematical, analytical and programming skills, you would work in something bigger like stocks, forex, BTC...?

[/quote]
Well, it looks like you really understand what you're doing. But haven't you considered that if you have such mathematical, analytical and programming skills, you would work in something bigger like stocks, forex, BTC...?
[/quote]

Thanks for the compliment. Please note that I actually started this thread to ask a specific question (which hasn't really been answered yet), not to talk about my skills. Other people then took the opportunity to ask me a few questions but have apparently deleted their posts in the meantime.

To answer your question, there are a few reasons:
1) In my opinion, the competition is weaker in the world of sharp betting. Many (most?) people trading stocks or forex probably have strong analytical and programming skills, but I'm not sure it is the case with betting. Many casual bettors seem to treat this as a game/hobby, and don't take it too seriously. This gives me a valuable edge, which I would not have (or not to the same extent) in other domains where the competition is stronger.
2) I would probably not be able to replicate my sports betting success with forex/stocks trading. Another way of saying this is that, if you know what you are doing, sports betting can be a very reliable source of income, with an excellent Sharpe ratio and relatively few extended drawdowns, especially when compared to forex/stocks/BTC. To give a concrete example, I have been doing this for about 8 years, and, while I lost a ton of bets, I've had very few losing months over that period (probably around 10 or so). I should add that I did try to build a forex trading system (I spent a few years working on this, actually) but that it was not successful when tested live. I may try again in the future, but I believe that there are still some possibilities in sports betting that I haven't fully explored.
3) Some countries do not tax profits from sport betting. I happen to live in one of them. This is a valuable advantage when compared to forex/stocks trading or most other investments.
4) Another important advantage, at least when compared to medium- or long-term investing in the stock market, is that the money you risk on a bet is only tied up for a few hours or days at most.
5) Of course, I reinvest (and have already reinvested over the last few years) a substantial part of my profits into other relatively low-risk long-term investments or "stores of value" (including but not limited to real estate). But I assume that most successful bettors who plan for the future do the same.

In two sentences: The fact that a market is "bigger" doesn't necessarily mean that it is better for me (or for you). Besides, you can make a very good living with sports betting, if you know what you are doing.