For my third year doing computer science i need to make a software project and would like to do something to do with bonus bagging or matched betting and I would appreciate any ideas on what sort of tools people would find helpful?
An automatic arber maybe, that scrapes both betfair and a bookies and automatically places bets when it finds a good arb?
Any ideas would be helpful?
One that finds complex dutching arbs as set out in Pokebus's Grumblebus spreadsheet.
The thing I'd most like to see is a complete system for match betting that can track all aspects of any activity to do with it. I think this is probably quite impossible to do exactly how I'd like it done unless I did it myself though - like a lot of others I have a ridiculously hacked up system comprising various spreadsheets/workbooks not to mention MS Money accounts! It's very clunky and could be massively streamlined but I just don't have the time (or inclination/skills) to do it.
Ideally it would be a database driven application and integrate a matching 'module' for calculating arbitrage bets (match betting/dutching) and an accounting system to record in/outflows to/from the various accounts and to keep track of profit/loss, wagering on bonus WRs, pending withdrawals, etc.
A report system would be very useful to see how profit/loss is shaping up over various timespans (day/week/month/year), reports on per account stats (net profit/loss per account, net deposit levels, etc).
Basically it would do everything my system currently does but more efficiently!
I did actually start to describe my system in this post, but it's ridiculously complicated and I think it would only put you off if I posted it!
Anyway, yes, a complete match betting system would be my wish.
Sorry for the late reply but got a bit distracted from this...
I spoke to my supervisor yesterday and he gave me the go ahead, it is still very open at the moment as to what it will actually end up being. At the moment the plan is for it to be a software application that you run. It will have two main parts of which you can use both or just one:
The first one will be to do with organisation and will be a bit like what munk has described. Something that organises everything and keeps track. You will be able to set pop up notifications etc.
The second part will advise on which bets to take. It will probably be restricted just to those bookies that have public xml outputs and to how many i can do. But those few bookies it will compare most markets, not just football. It will be mainly for dutching but will also be able to do arbs.
My supervisor also suggested I also put an element of value betting in it. Maybe have it collate form information from various sites and suggest when a favourite shouldn't be favourite, so you can lay it.
We shall see. But don't expect anything soon, the project is not due to start until the beggining of next, academic, year.
I am still new to matched betting (started about 2 months ago) but have already got a reasonable setup to track all my bets, p/l at each bookie, calc matches etc. Only in Excel atm with a bit of VB which is working fine but I can see as it gets larger and larger I might need something more robust.
Betfair has a free API which seems very powerful if you want to go down the auto matching route
Betfair Developer Program - Free Access API
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