Software arb built from scratch

Pages: [1]
Author Topic: Software arb built from scratch  (Read 856 times)
asdqwerty
Gaining experience
*

Karma: 0
Posts: 3


View Profile

asdqwerty

Software arb built from scratch
« on: January 24, 2019, 10:14:20 AM »

Does someone has a custom software arb built with a programmer?
How much money have you invested in it?

Is it profitable? I guess programmers are expensive.(?!)
Logged
barbero
Pro
****

Karma: 19
Posts: 314


View Profile

barbero

Re: Software arb built from scratch
« Reply #1 on: January 24, 2019, 03:19:52 PM »

I do. I have spent a lot of money and effort. Now there's some profits, but not enough to compensate for the investment. It hasn't turned out well for me but maybe a different approach can be more profitable.
Logged
asdqwerty
Gaining experience
*

Karma: 0
Posts: 3


View Profile

asdqwerty

Re: Software arb built from scratch
« Reply #2 on: January 28, 2019, 01:40:23 PM »

What was ur approach?
And what would you change?

I find a guy on a freelancing website that says he has experience but he is asking 3-4 k for the first version with 4 bookmakers and 1x2, Over/Under and AsianHandicap combos.

I think is it too much, or not?
Logged
TheJog87
Gaining experience
*

Karma: 2
Posts: 86


View Profile

TheJog87

Re: Software arb built from scratch
« Reply #3 on: January 28, 2019, 03:04:09 PM »

Uff , 4 books and 3 markets? That can do it yourself without too much experience of programming. 
Logged
thenewguy
Gaining experience
*

Karma: -1
Posts: 13


View Profile

thenewguy

Re: Software arb built from scratch
« Reply #4 on: January 28, 2019, 03:06:50 PM »

Be carefull with computer programmers, they promise everything but usually deliver shit with many bugs and never working like it should. And fixing after you paid is even bigger shit. I avoid them like the plague after getting fcked few times  :)
Logged
barbero
Pro
****

Karma: 19
Posts: 314


View Profile

barbero

Re: Software arb built from scratch
« Reply #5 on: January 28, 2019, 04:28:01 PM »

Very wise words by thenewguy. It's usually very difficult to get done what you want done, in the time you want it, with the budget agreed and working properly. It's very difficult to find serious developers who will deliver in time and quality promised.

If you want to do something small, it can be done. But if you're looking to do a big project it's almost impossible to estimate times correctly (take what they tell you and multiply it by 4 to get a more accurate estimation) and price... well, it depends on your deal but get ready to spend more money than expected.
Logged
arbasian
Gaining experience
*

Karma: -3
Posts: 23


View Profile

arbasian

Re: Software arb built from scratch
« Reply #6 on: January 31, 2019, 02:13:17 AM »

I am a professional programmer, and as a hobby I write some Arbing bots on the side. My latest project is investigating live arbs between pinnacle and Betfair. I integrated the bot without paying for the whole Betfair API. Too expensive for a research bot. There is potential in this, and a long way to go.

From my experience, it is not easy to cheaply cover all corner cases of arb software, especially if you also want to have bets placed by the bot.

My suggestion is to learn the programming language, get someone to do the first iteration of your bot, and then take it over yourself. You will be paying for the ground work like provider integration, and setting all up. You will then take care of evolving your ideas and implement the expensive tweaking.

If you are here outsmarting bookmakers, it should not be difficult to learn a programming language.

Logged
asdqwerty
Gaining experience
*

Karma: 0
Posts: 3


View Profile

asdqwerty

Re: Software arb built from scratch
« Reply #7 on: February 01, 2019, 10:28:16 AM »

Very wise words by thenewguy. It's usually very difficult to get done what you want done, in the time you want it, with the budget agreed and working properly. It's very difficult to find serious developers who will deliver in time and quality promised.

If you want to do something small, it can be done. But if you're looking to do a big project it's almost impossible to estimate times correctly (take what they tell you and multiply it by 4 to get a more accurate estimation) and price... well, it depends on your deal but get ready to spend more money than expected.

I assume doings things like rebelbetting requires a whole team of programmers and other guys. So, if you want something big , of course you need to invest big. How big did you go??
Logged
tomkruiz
Gaining experience
*

Karma: 2
Posts: 14


View Profile

tomkruiz

Re: Software arb built from scratch
« Reply #8 on: February 02, 2019, 05:19:44 PM »

I am a professional programmer, and as a hobby I write some Arbing bots on the side. My latest project is investigating live arbs between pinnacle and Betfair. I integrated the bot without paying for the whole Betfair API. Too expensive for a research bot. There is potential in this, and a long way to go.

From my experience, it is not easy to cheaply cover all corner cases of arb software, especially if you also want to have bets placed by the bot.

My suggestion is to learn the programming language, get someone to do the first iteration of your bot, and then take it over yourself. You will be paying for the ground work like provider integration, and setting all up. You will then take care of evolving your ideas and implement the expensive tweaking.

If you are here outsmarting bookmakers, it should not be difficult to learn a programming language.

Also, have you considered how much would you be prepared to invest in this and what kind of solution would you like to get your hands on?
Logged
djordjeno
Gaining experience
*

Karma: 3
Posts: 75


View Profile

djordjeno

Re: Software arb built from scratch
« Reply #9 on: March 18, 2019, 12:24:31 PM »

my 5 cents to this topic.

1. Need a senior software developer to wrote decent arbing solution.
2. Arbing bussiness is constantly changing.
3. Like in a stock trading, when you dealing with money, errors are expensive.
4. Bookmakers constantly monitoring and changing sites and rules.
5, Thats why is every arbitrage software "expensive". Behind product are at least few developers who are full time employed in writing scrappers and fixing odds feeds.

I wrote my own solution for arbing for more then 10 years, but at least 8 hours (one ED) per week is need for tuning.

Of course there is compensation for that.
Some arbirtage opportunities are not detected by any know commercial arbitrage solutions.
Logged
Pages: [1]
Print