New surebet calculation service for arbers

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betoz.service
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betoz.service

New surebet calculation service for arbers
« on: August 15, 2019, 01:53:35 PM »

Dear Community,
I'm planning to launch the service that would help in handling surebet transactions.
Idea is different to traditional alerting services as it does not process bookmakers odds to find surebets - instead is takes users input and use it to calculate the best solution meeting user's criteria.

How does it work?
1. user provides the input (odds and other parameters) to the tool
2. tool calculates the most optimal solution based on the given input and shares it back to the user (market with stake size, score matrix with profit / loss for each event outcome)
3. user uses the information to make a decision about further bet placement


Value proposition:
- save time and money by using already existing and working solution rather building everything from scratch
- enhance your betting solution with results provided by highly customizable and powerful surebet calculation mechanism


Tool is API-based, with no front-end, so target audience is advanced arbers.

Customization features: 
- smallest total amount (sum of all stakes) meeting the surebet conditions
- surebet with the highest profit (for any event outcomes or for specific event outcome)
- positive (profit) or negative (loss) surebets
- surebets not exceeding given total amount (sum of all stakes)
- min / max betting limits for each market for each bookmaker
- equal results for each event outcome (score)
- live arbing (bets placed during the event with different scores)
- find the most optimal solution to close the surebet if not all legs were accepted


Currently supported markets (BACK only):
- 1X2
- Asian Handicap
- Total Goals


Notes:
1. User must provide the odds (may come from multiple bookmakers) for the calculations. Tool itself does not have access to any odds feed (and will not have as its purpose is different).
2. Tool is to support decision making process - at the end it always depends on the bookmaker whether he accepts the bets


Would you be interested in using such a service?
Happy to answer all questions or share detailed examples if something is unclear.

@Arbusers - please move to other section if appropriate.
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LazyBird
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LazyBird

Re: New surebet calculation service for arbers
« Reply #1 on: August 15, 2019, 08:47:53 PM »

I'm assuming this is pre match only? I like the idea that the platform would have a combination of picks coming from all kinds of sources, and all user submitted so the error rate could be lower than some automated scanning services. However my main concern would be the time this whole process takes. Nothing involving human input can be as fast as the automated alert services. While step 1 is still being completed by the user the bet may disappear.
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betoz.service
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betoz.service

Re: New surebet calculation service for arbers
« Reply #2 on: August 15, 2019, 09:06:56 PM »

I'm assuming this is pre match only?
No - it supports bets placed during the live event.
Example:
bet#1 for 1 (home wins) is placed when score 0:0
bet#2 for AH1(0) is placed when score is 2:0 (system recognizes that Asian handicaps during live match don't take into account previous goals)

When score changes to 2:1 system calculates best solution based on the odds provided by user (taking into account fact that bet#1 and bet#2 are already placed).

I like the idea that the platform would have a combination of picks coming from all kinds of sources, and all user submitted so the error rate could be lower than some automated scanning services. However my main concern would be the time this whole process takes. Nothing involving human input can be as fast as the automated alert services. While step 1 is still being completed by the user the bet may disappear.
That's why this is an API-based service meaning that manual input is reduced to minimum - arbers with own platforms will just need to make a call to the API to get the results and make a decision based on the returned results.
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betoz.service
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betoz.service

Re: New surebet calculation service for arbers
« Reply #3 on: August 19, 2019, 10:17:13 PM »

Let me provide an example to explain some of the features.

Goal:
- find positive surebet (all event outcomes >= 0, non-equal)
- profit for some event outcomes may be 0
- profit for some event outcomes must be as high as possible while still higher than 0


where: (these parameters are to be sent to the tool as input)
- smallest stake amount for any bet is 5 (bookmaker limit)
- highest stake amount for any bet is 50 (bookmaker limit)
- maximum total amount for all bets (stakes) is 100
- current event score is 0:0
- current odds from 2 bookmakers are:



Calculation results:
  • BOOK2_TOTAL_MINUS_2_00
    stake: 10   
    odds: 2.17
  • BOOK2_ONE_TWO_1   
    stake: 41.149   
    odds: 1.99
  • BOOK1_TOTAL_PLUS_2_25
    stake: 16.226
    odds: 2.13
  • BOOK2_HDP_GUEST_PLUS_0_50
    stake: 32.624
    odds: 2.51

Profit matrix:
Code: [Select]
HOME AWAY return cost profit
0 0 103.59 100.00 3.59
0 1 103.59 100.00 3.59
0 2 100.00 100.00 0.00
1 0 103.59 100.00 3.59
1 1 100.00 100.00 0.00
1 2 116.45 100.00 16.45
2 0 100.00 100.00 0.00
2 1 116.45 100.00 16.45
2 2 116.45 100.00 16.45


Depending on the event outcome profit varies from 0 to 16.45.
« Last Edit: August 20, 2019, 04:17:30 AM by arbusers » Logged
djordjeno
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djordjeno

Re: New surebet calculation service for arbers
« Reply #4 on: August 20, 2019, 11:15:31 AM »

So your api is "just" math?

I think that every advanced arber with own arbing solution knows this calculations.

For inplay/live betting any calculation which is above 2 outcomes is useless. (in manual betting).
Hedging stakes in live betting at multiple markets is too risky.


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betoz.service
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betoz.service

Re: New surebet calculation service for arbers
« Reply #5 on: August 20, 2019, 09:52:55 PM »

So your api is "just" math?
Well, odds is "just" math (implied probability), surebets are also "just" math as it tells you what stake to bet for given odds.

I think that every advanced arber with own arbing solution knows this calculations.
Maybe yes, maybe no. That was the reason why I started this thread - happy to hear other people opinion.

For inplay/live betting any calculation which is above 2 outcomes is useless. (in manual betting).
Hedging stakes in live betting at multiple markets is too risky.
My tool does not have a front-end, results are returned in JSON so surely not for manual betting.

Ideally it would be to find a surebet with smallest number of legs in order to place the bets simultaneously and secure some small profit. In reality it is very difficult to achieve nowadays as bookmakers change the odds (during live events) very fast and do not accept bets immediately.
My tool can calculate the surebet regardless of the current score while taking into account score that was valid when other bets were placed allowing to build complex surebets with many legs spanning multiple score.

I'm leaving my email just in case: betoz.service@gmail.com
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qubit
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qubit

Re: New surebet calculation service for arbers
« Reply #6 on: September 20, 2019, 05:33:35 AM »

How about sharing it on github.
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betoz.service
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betoz.service

Re: New surebet calculation service for arbers
« Reply #7 on: September 29, 2019, 05:02:57 PM »

How about sharing it on github.

Sorry - this is proprietary solution, source code will not be public.
If there is enough interest I can set up demo instance.
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betoz.service
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betoz.service

Re: New surebet calculation service for arbers
« Reply #8 on: December 08, 2019, 04:02:18 PM »

Initial version has been released - more info here: http://34.229.169.29/index.html

Would you like demo account? Let me know - betoz.service@gmail.com
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