Anyone know the ins-and-outs here? Is Betfair the best option?
Notably, betting exchanges don’t allow inplay betting on sports for Aussie customers. So I’m thinking I connect to the API through a cloud server that’s located in the UK, and if I only access the Betfair website through a VPN with a UK ip address, will this work out for me? Or will they figure it out and kick me off?
I use Nord, has good deals on OzBargain from time to time.
Exactly as you describe, log onto vpn before logging into BF.
I regularly trade on Betfair using a VPN. Works fine.
Use an NZ address, works fine there too.
Betfair is not only the best option, it’s the only option.
I used an Australian address to sign up and just use the NZ vpn to trade in-play. No issues thus far.
I don’t know about the algo trading side, but manual trading can be profitable, so presumably algo trading can be too.
One benefit you have with smaller markets is that the big bids haven’t squeezed all the juice out
My team and I have created a personalized value bet detection software that can be tailored to your needs. We can add almost any sportsbook and you get daily notifications via discord whenever a value bet pops up. I’m more than happy to answer any questions you may have.
Another option is using betfair against other sportsbook , scan and compare odds . Once there is profit place bets at both side.
surfshark is another option
Betfair is not only the best option, it’s the only option.
Do you think high-turnover algo scalping (either taking liquidity, or supplying liquidity, or both) during in-play sports can be a viable business? I come from HFT in traditional markets so I’m not sure if the approach I’m familiar with (basically, taking and supply liquidity on short time frames) is viable on Betfair.
Daily $ turnover on Betfair Australia is quite low relative to traditional markets. Which is bad. But maybe the margins on trades is very high, which compensates for the fact that I can’t put big size on. I’m also not sure how the in-play delay will impact viability.
Use an NZ address, works fine there too.
So I’ll use a (real) Aussie ID and a (fake) NZ address to sign up, then connect with a NZ VPN?
I don’t know about the algo trading side, but manual trading can be profitable, so presumably algo trading can be too.
Can I ask, is this orderflow/orderbook based trading that you’re doing? That’s what I’ll be doing. I know nothing about the sport and my system won’t even know about the game that’s going on, it’ll just analyze the order book and other bettor’s bets as they arrive, and then try to find relevant statistical patterns (fleeting supply/demand imbalances and the like) and trade off that. This works in traditional markets but I have no idea about sports. Maybe in sports you need to actually watch the game and use human knowledge/expertise to adjust quotes, and so my approach is flawed?
Which VPN do you use for this?
Is there a trick to log in Betfair? Like do I need to start the VPN to run first then log in to Betfair or it doesn’t matter?
I’m curious coz I heard this only works on specific VPN.
I thought non-exchange bookmakers will crack down on profitable traders?
Another question: Does more price discovery happen on exchanges (e.g. Betfair) or on non-exchange bookmakers? Which is leading and which is lagging? I’d have guessed that Betfair is leading because it is more competitive?
I suppose you’re probably interested in the Stream Api from Betfair.
I never used it, but while watching YouTube traders you often see 5k being put somewhere 10 or 20 positions away from the market, from automated software. This is probably someone supplying liquidity, in an attempt to scalp.
I’m too inexperienced trader yet to try the Stream Api. Also horse racing is not my cup of tea.
In principle obviously, in practice someone with faster information can exploit you to death I suppose… If this is not an issue… Having sufficiently fast data might be hard or impossible on low liquidity markets.
Edit: Also, the markets do obviously have rapid changes of sometimes very large proportion, in some ways quite unlike financial markets and being in a very low liquidity market the current line might be ways off, resulting in losses again if at a disadvantage.
Again, I’m mainly a manual trader, so that relies on watching the game. Can’t speak to the algo side.
For me, the restricted nature of “the information required for this trade is contained within 90 minutes of play” is the best side of trading sports, not a negative
No, go for bigger books like SBOBET or Pinnacle .if you wish you can pm me I can show you some screenshots on my profit bets for today .
Are betfair commissions charged on a per-bet level or a per-event level? If I make 1 profitable bet ($5 profit) and 1 unprofitable bet ($5 loss) on the same sporting event, will that be commission-free because it’s cancelled out?
how are you going with the profits? Limited yet or are you still going strong?
That is my understanding - I believe commission is only charged on winnings/PnL from an event. Best to check that though.
You would lose the commission AFAIK. So it is per runner. So if you have bet 5 pounds for a team to win, then another 5 later in the game on the same team, then lay that same team… That will all be combined at the end and the commission taken off the profit if any.
If you bet on the other team or a draw then this is a different runner in the same market.
I hope that makes sense and is correct. Please correct me if this is wrong.
