Built an automatic arb software

Pages: [1] 2
Author Topic: Built an automatic arb software  (Read 2983 times)
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Built an automatic arb software
« on: September 20, 2019, 05:21:54 AM »

Hello. I am a software engineer.
I am developing a software that crawls some casinos I am registered in and places bets as soon as possible automatically.
However, I am having some issues with odds changing really fast so sometimes a bet gets placed in one casino but not in the other one due to odds change making me lose some money.

Right now it only supports live tennis 1x2.
I would like to know if some of you guys have worked with software like this and if so, how do you manage these issues?
Also, which sports / markets are the best for this?

Thanks!
Logged
djordjeno
Has experience
**

Karma: 6
Posts: 104


View Profile

djordjeno

Re: Built an automatic arb software
« Reply #1 on: September 20, 2019, 08:36:36 AM »

Write fast, robust and sustainable software.

Automated arbitrage software is not for junior developers.
Also must have deep knowledge in sports arbitrage.

Good luck!


Logged
Wolfie
Pro
****

Karma: 26
Posts: 397



View Profile

Wolfie

Re: Built an automatic arb software
« Reply #2 on: September 20, 2019, 09:19:07 AM »

Hello. I am a software engineer.
I am developing a software that crawls some casinos I am registered in and places bets as soon as possible automatically.
However, I am having some issues with odds changing really fast so sometimes a bet gets placed in one casino but not in the other one due to odds change making me lose some money.

Right now it only supports live tennis 1x2.
I would like to know if some of you guys have worked with software like this and if so, how do you manage these issues?
Also, which sports / markets are the best for this?

Thanks!

You should do this for all markets. The problem is bookies often change their page and you may be left with many open bets. Automatic value betting i think would be better.
Logged
meisterhaft
Gaining experience
*

Karma: 0
Posts: 8


View Profile

meisterhaft

Re: Built an automatic arb software
« Reply #3 on: September 20, 2019, 11:09:47 AM »

xx
« Last Edit: October 01, 2019, 10:00:03 AM by meisterhaft » Logged
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Re: Built an automatic arb software
« Reply #4 on: September 20, 2019, 03:17:26 PM »

°
Write fast, robust and sustainable software.

Automated arbitrage software is not for junior developers.
Also must have deep knowledge in sports arbitrage.

Good luck!

Thanks!
Software is fast (it crawls and calculates the tennis arbs of the casinos simultaneously in less than 100ms). I'm a senior developer btw

You should do this for all markets. The problem is bookies often change their page and you may be left with many open bets. Automatic value betting i think would be better.
Any link where I can get started on value betting? I've noticed my software, by its nature, picks the bets when they relative have high odds. So I also thought about it

As Wolfie said all markets are doable. If you want to stay at tennis different AH combinations could be interesting.

For placing bets with different odds: Did you consider checking the odds before placing the bets ? I don't know how your bot works but I guess it checks the odds and if there is an arbitrage oppertunity some kind of placing method or class is called. Why not give the placing method odds to aim for ?
I would imagine it somewhat like this:

placing( bookie 1. bookie1 odds, bookie2, bookie2odds)
   currOdds1 = check(bookie1)
   currOdds2 = check(bookie2)

   if(bookie1odds difference currOdds1 >= 0.03 || bookie2odds difference currOdds2 >= 0.03) // so you can still place a bet even when it's not the exact odd but in a good range
       place(bookie1)
       place(bookie2)

Hope this helped you in some way
I already check the odds just before placing the bet. Still theres times where a bookie that will change the odds at that moment and mess my bet
« Last Edit: September 20, 2019, 03:28:21 PM by qubit » Logged
pythonic
Gaining experience
*

Karma: 6
Posts: 61


View Profile

pythonic

Re: Built an automatic arb software
« Reply #5 on: September 20, 2019, 04:36:28 PM »

I would suggest that you get a betfair or pinnacle account. Both have APIs.
Then place your bets first at the soft bookies (casino sites) and cover at betfair/pinnacle afterwards.
Sometimes you might lose a bit if the odds change before you can cover your bets, but on average you will win because betfair/pinnacle are sharp and the casino sites are not.
Logged
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Re: Built an automatic arb software
« Reply #6 on: September 20, 2019, 05:07:32 PM »

I would suggest that you get a betfair or pinnacle account. Both have APIs.
Then place your bets first at the soft bookies (casino sites) and cover at betfair/pinnacle afterwards.
Sometimes you might lose a bit if the odds change before you can cover your bets, but on average you will win because betfair/pinnacle are sharp and the casino sites are not.
Thanks, I will definitely do that, sounds like a must when arbing. My only concern there is the conversion rate of my local currency
« Last Edit: September 20, 2019, 10:49:15 PM by qubit » Logged
mr_lucky
Gaining experience
*

Karma: 3
Posts: 18


View Profile

mr_lucky

Re: Built an automatic arb software
« Reply #7 on: September 20, 2019, 08:52:23 PM »

Another suggestion is to try using your bot in other sports where odds don't change so fast like they do in Tennis. Would be interested to hear of your progress, so be sure to come back  ;)

Good luck with your project!
Logged
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Re: Built an automatic arb software
« Reply #8 on: September 20, 2019, 10:21:54 PM »

Another suggestion is to try using your bot in other sports where odds don't change so fast like they do in Tennis. Would be interested to hear of your progress, so be sure to come back  ;)

Good luck with your project!
This is what I'm looking for. If you have any sport suggestion please let me know
Logged
mr_lucky
Gaining experience
*

Karma: 3
Posts: 18


View Profile

mr_lucky

Re: Built an automatic arb software
« Reply #9 on: September 21, 2019, 09:24:59 AM »

Another suggestion is to try using your bot in other sports where odds don't change so fast like they do in Tennis. Would be interested to hear of your progress, so be sure to come back  ;)

Good luck with your project!
This is what I'm looking for. If you have any sport suggestion please let me know

Personally I would start with Soccer, the odds should not change there too fast. Once your software becomes better you can start adding other sports too.
Logged
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Re: Built an automatic arb software
« Reply #10 on: September 23, 2019, 06:27:13 PM »

Another suggestion is to try using your bot in other sports where odds don't change so fast like they do in Tennis. Would be interested to hear of your progress, so be sure to come back  ;)

Good luck with your project!
This is what I'm looking for. If you have any sport suggestion please let me know

Personally I would start with Soccer, the odds should not change there too fast. Once your software becomes better you can start adding other sports too.

Thanks. I will add soccer now and tell about the results
Logged
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Re: Built an automatic arb software
« Reply #11 on: September 24, 2019, 11:34:47 PM »

Turned out it is actually better. Live Soccer (Over / Under market). The odds do not change as fast as tennis so it is efficient. However, some of the matches are kinda underground so they may pop some flags in the bookie. Thanks for the suggestion it will definitely improve my earnings!

 [ You are not allowed to view attachments ]

*  ( - downloaded times.)
« Last Edit: September 25, 2019, 12:26:07 AM by qubit » Logged
mr_lucky
Gaining experience
*

Karma: 3
Posts: 18


View Profile

mr_lucky

Re: Built an automatic arb software
« Reply #12 on: September 25, 2019, 09:14:08 AM »

Great to hear that! Btw, does your bot monitor one in-play game only or does it monitor many games at the same time? And it is also interesting to know how many bookies does it use to compare odds for one game?
Logged
qubit
Gaining experience
*

Karma: -2
Posts: 12



View Profile

qubit

Re: Built an automatic arb software
« Reply #13 on: September 25, 2019, 01:48:45 PM »

It monitors many games at the same time. Updates odds every 100ms.
« Last Edit: September 25, 2019, 11:25:03 PM by qubit » Logged
jagas
Becoming a Pro
***

Karma: 6
Posts: 211


View Profile

jagas

Re: Built an automatic arb software
« Reply #14 on: September 25, 2019, 08:20:15 PM »

seems like someone finally did it
Logged
Pages: [1] 2
Print