View Full Version : New betting Software - Anyone else tried it ?
JBT73
11th August 2006, 14:54
Hello All
I am a new poster here but I thought I would drop a few words about a website I have been using software from for a while.
I have been using BetAssist and LayAssist for a while - they are from . www.betvector.com but they have just released a fully automated system that will place three distinct types of bets. All these work with Betfair only so you will need a Betfair account. The overall programme is called Arbiter. www.betvector.com/arbiter
ScoreAssist Is an arbitrage system based on the correct score markets of football betting. You basically tell it what amount you are willing to play with and which games to consider and it does the rest! I have had some reasonable returns using that and I can only see them getting better and better as the new season starts
FavAssist Is a horse racing system that backs horses based on Betfair with its own filter I tried it yesterday and it was already 35 quid up based on 5 quid bets. They do say it is for the longer term, but I was happy enough after the first go. It may have been a flash in the pan but I will let the money from yesterday run to see what happens
NapAssist Another horse racing system that scans the Naps of the day from Newspapers etc and places a level stake on that.
There is a free demo on the site that is fully functional for 14 days and I think 14.95 per month if you want it after that.
I have been reasonably impressed so far, but will keep you posted
keyser soze
11th August 2006, 15:14
your position in the company is?
patrickstar
11th August 2006, 15:38
if they are so good why are they selling them for peanuts?
Mister Logic
11th August 2006, 15:39
your position in the company is?
A shocking lack of faith in humanity keyser.
A chap comes to our site and magnanimously makes a long and detailed post about something he has discovered purely and solely for the benefit of all of our members.
We should be more grateful.
JBT73
11th August 2006, 15:43
Err - Nice Avatar by the way.......:D
To be honest - I have no part in the company, but it is a friends project and using his software has helped a lot on the horses - this is his next project and I have to say I am impressed - I only wanted to mention it so he gets the round in next time and stops dodging it 8) - it is a free demo with no data required whatsoever, none of this "Its free but give us your CC details anyway" nonsense
Its worth a look....
keyser soze
11th August 2006, 15:45
i already have.
im a bit suspect about the football one, i read the pdf file and like a good politician canvassing your doorstep it takes 15 mins of your life but doesnt actually say anything.
keyser soze
11th August 2006, 15:46
A shocking lack of faith in humanity keyser.
A chap comes to our site and magnanimously makes a long and detailed post about something he has discovered purely and solely for the benefit of all of our members.
We should be more grateful.
my lack of faith was settled at 1/3:D
keyser soze
11th August 2006, 15:48
ScoreAssist Is an arbitrage system based on the correct score markets of football betting. You basically tell it what amount you are willing to play with and which games to consider and it does the rest! I have had some reasonable returns using that and I can only see them getting better and better as the new season starts
ok, im willing to debate this.
you are telling me (sorry your friend is) that this works as a systematic approach to the correct score market. i can only assume it is measured on the score at the time and the time left in the game
is this correct?
JBT73
11th August 2006, 15:51
I have been doing some testing for him and for the football one and it is pretty good - It basically takes the correct score and backs it at a random time near the end then lays it at a lesser price - the beauty is the games that no-one cares about (apart from downtown limasol FC) are covered as well, not just domestics - I have been getting between 4-15% returns on the stake. They have to have an inplay facility though on BF - strangley all the untelevised championships games don't have that.
If you want it as an outright bet, then you can put it in High risk mode - where it will back only the correct score in the last 10 mins or so
Hope it clears it up a bit
keyser soze
11th August 2006, 15:56
im sorry but thats a pointless system.
if you back 0-0 say at 1.82 for a tenner and lay at 1.66 for whatever stake is required to level out, you can do this yourself with the same risk involved as using your £14.95 a month program.
JBT73
11th August 2006, 16:01
Your right, you can manually on one game - but I have just set up this for all the games across Europe For tonight, Saturday and Sunday - it would be physically impossible to do this manually ( I have 98 games ready to go for this weekend on my works computer) I will leave it and log into my BF account to see how it has done - it is totally automated
I hope this makes it a bit clearer
keyser soze
11th August 2006, 16:01
If you want it as an outright bet, then you can put it in High risk mode - where it will back only the correct score in the last 10 mins or so
Hope it clears it up a bit
so for £14.95 i can also back the current score tonight in the Wolves Preston game, and happily go down the local pub and meet the members of my API lodge, safe in the knowledge that my bet is on?
keyser soze
11th August 2006, 16:07
Your right, you can manually on one game - but I have just set up this for all the games across Europe For tonight, Saturday and Sunday - it would be physically impossible to do this manually ( I have 98 games ready to go for this weekend on my works computer) I will leave it and log into my BF account to see how it has done - it is totally automated
I hope this makes it a bit clearer
ok but lets do some sums.
there are 98 games in play, as you say some of them have no interest, if fact maybe only limassol and chelsea leaving 96.
lets back £10 at 1.82 on the score at the time. now over 98 games, as you say, there can be very little interest.
so you want to lay at 1.62 to level out.
however with very little interest, 1.62 may only get laid when the game is nearly dead and someone notices that someone is asking for a poor price.
alternatively if this only works when a price is available, what if it never is available. if its a obscure game you may only have one side of the bet matched.
finally, lets assume every market on BF has a full interest level. if so, 1.82 will get matched as and when 1.82 is correct to do so, and 1.62 will get matched as and when its correct to do so. so when you allow for the times a goal is scored between those price increments, AND the cost of commission... how do you win.
you dont.
JBT73
11th August 2006, 16:11
Thats the idea - (I am not sure what an API lodge is) but it is the fact that it will automatically place the correct score at that time - then you can chose to lay it or let it run to the end by the initial set up
Like I say - I have 98 games ready to go for this weekend and I am just leaving the works computer on - I will check how they are getting on by logging into my BF account.
Try it with a two quid bet on tonights game and see for yourself :wink:
keyser soze
11th August 2006, 16:15
:roll: :roll: :roll: :roll: you should join our Lodge. here is the motto...........
"the Sacred Order of the API Stonecutters has, since ancient times, split the rocks of ignorance that obscures the light of knowledge and truth... now let's all get drunk and play ping-pong."
patrickstar
11th August 2006, 16:20
Well I personally think it sounds like a fantastic idea. can't believe I hadn't thought of it before..
getting drunk and playing ping pong that is.
I can hardly think of a game with a sharper 'the more you drink the shitter you get' curve. Sounds like great fun.
thegreat
11th August 2006, 16:20
ScoreAssist Is an arbitrage system based on the correct score markets of football betting. You basically tell it what amount you are willing to play with and which games to consider and it does the rest! I have had some reasonable returns using that and I can only see them getting better and better as the new season starts
I am confused
How exactly is it an arbitrage system ? does it only play when the price hits your target or after a specified time frame ?
thegreat
11th August 2006, 16:21
Well I personally think it sounds like a fantastic idea. can't believe I hadn't thought of it before..
getting drunk and playing ping pong that is.
I can hardly think of a game with a sharper 'the more you drink the shitter you get' curve. Sounds like great fun.
:lol: the world pissed ping pong tournament or WPPPT
JBT73
11th August 2006, 16:24
OK, say that out of the 98 games - a quarter get matched with the macro @1.82 then layed at 1.62 for every one that works out with a 10 pound bet, then you will add 1.90 (after commission) to you account
so say you get 20 games at those odds then you will be 20*1.90 = 38 quid a weekend
4 weekends + (4 x 10 midweek games) = 192 *1.90 a month = 364 quid - 14.95 for the software = 349 quid
Its a fair point to question what happens if a score changes during the event - if that is the case a second bet is placed on an outright win.
This has been tested a fair bit and I think in 250 games, there has been 3 total losses
Give it a try - you might be surprised :wink:
JBT73
11th August 2006, 16:26
Its arbitrage, because - as long as the conditions are met- you will either gain a percentage or not lose your original stake
thegreat
11th August 2006, 16:28
isnt it then just automated gambling ?
are you not taking a short price that no goal is scored within that 5 min timescale ?
JBT73
11th August 2006, 16:34
Thats true - but even with most sports arbitrage, there is a point when you are opening one bet and are subject to having the potential of change - I used to do arbs on most sports manually, but was caught out by changing odds many times - to me, this is just the risk
.....and to be fair to my mate - If he had found something that was risk free - then I would be in the dark and he would be driving a Bentley:D
keyser soze
11th August 2006, 16:35
OK, say that out of the 98 games - a quarter get matched with the macro @1.82 then layed at 1.62 for every one that works out with a 10 pound bet, then you will add 1.90 (after commission) to you account
Its a fair point to question what happens if a score changes during the event - if that is the case a second bet is placed on an outright win.
:
what happens to the other 75%.
if you back 1-0 at 1.82 and a goal is scored by the leading team going to 2-0, so you back the outright win to get your stake back. to do this you are backing at 1.01, so to get £10 back you are staking £1000. is this correct?
if the 1-0 becomes 1-1 which team does the macro back to get the stake back, or does it back the draw.
oh, and heaven forbid there are two goals after the initial bet, does it then back the 2nd possible outcome to cover the cost of the initial bet and the cost of the 2nd bet.
so lets say that £10 at 1.82 and a goal to make it 1-1 makes the system back a draw at 1.2 for £200 in the 89th min. but team A score so we need now to recoup £210 at 1.01 are we betting £21000 to get this stake back.
JBT73
11th August 2006, 16:42
If that were the case, you would incur some loss, but for all the testing, that has been approx 30-40% of the original stake, It would not try to recover your original stake - as that is asking for trouble
The amount you gamble with is defined right at the beginning and you will not lose anymore than that
Anybody that tells you they have a risk free system is either not gambling or bullsh*tting - this is not risk free - it is low risk
JBT73
11th August 2006, 16:43
Sorry, the other 75% would be ignored - there is a mraket liquidity check or you simply get nothing if both parts of the macro ran and then the score changed
keyser soze
11th August 2006, 16:44
4 weekends + (4 x 10 midweek games) = 192 *1.90 a month = 364 quid - 14.95 for the software = 349 quid
how about your friend, ups the stakes from my theoretical £10 to £100.
that way he can win............
4 weekends + (4 x 10 midweek games) = 192 *19.00 a month = 3648 quid for a month and buy a bentley by Crimbo
JBT73
11th August 2006, 16:46
The stake will not go above what you placed initially
You bet 10, that is the maximum you will lose
keyser soze
11th August 2006, 16:53
20 games it succesfully wins £1.90. if 16 games have a goal between the 1.82 and the end of the game you can assume that maybe 6 will happen before 1.62 and the other 10 will happen after.
so we have.............
20 x 1.90 = £38
10 x 0.00 = £0 where the score changes after the match of both bets.
so at this point, on the 6 where a goal is scored after 1.82 but before 1.62 do we then stake what to get our tenner back, remembering here that the most ever at risk is £10
if the odds on the current match result are around 1.07 what exactly are we staking
thegreat
11th August 2006, 16:55
covered as well, not just domestics - I have been getting between 4-15% returns on the stake.
thats a large band seeing as you can only win a max of 20% of your stake.
So you break even in games where a goal occurs after you have layed and lose when a goal is scored in the time frame.
JBT73
11th August 2006, 17:07
The best advice is for you to try it - it will cost no more than a tenner for your bets on BF on a few games for a couple of quid - the software is free for two weeks
I have been using it and I am happy with the returns so far - they wont buy me a Bentley, thats for sure, but it has been a nice little side line in my BF account.
I'll also have to sign off at this point - I am currently at work and if they do an internet check - they will find I have been on here ages and get me out quicker than you can say - "Is it or is it not arbitrage?" :lol:
Thanks for the articulate arguments - and I wish you good day and good betting
keyser soze
11th August 2006, 17:09
but you said earlier you had set it up to cover all 98 games this weekend at work and the pdf says that you have to be logged on to betfair the whole time.
so surely your work would catch you out on your computer being on all weekend on Betfair when you are round yer mates house.
thegreat
11th August 2006, 17:12
Keyser he works with his mate :wink:
JBT73
11th August 2006, 17:14
In the words of Vic Reeves "You wouldn't let lie" :D
The machines at work are CAD workstations and it is important they are not turned off (the thermal cycles upset the EEPROM's) - we also have a T1 data cable that is connected to the Internet at all times - the programme needs you to be login into the BF account but you don't need to be on the website
Hence it is perfect and will save my electricity bill :)
JBT73
11th August 2006, 17:15
You boys are soooooo skeptical :D
teamsports
11th August 2006, 23:14
Ok, out of interest, I downloaded the arbiter.
Its got litle documentation, but I sorta figured how to set it up, so it knows
which races to have a go at.
Are u now expecting users, to just let it go ? without any idea what the macros/filters are doing ?
There is no documentation - so, I suppose I could run the thing, on a test account, and see what it does - but, if I am gonna let it play with real money, i want to know the basis for its staking etc.
patrickstar
12th August 2006, 00:08
stop diverting this thread from it's true purpose.
PING PONG WHILST DRUNK! where can i play?
thegreat
12th August 2006, 00:33
stop diverting this thread from it's true purpose.
PING PONG WHILST DRUNK! where can i play?
is there an online ping pong game to get some practice in
JBT73
17th August 2006, 15:12
Hello TheGreat.....
Thanks for giving it a least a viewing, and sorry for the delay in getting back.
ScoreAssist was discussed Ad nauseum, so I assume that you are refering to FaveAssist
Basically, if you use FaveAssist - the criteria it takes is an algorithm based on Race Type, no of Runners, distance etc etc ...
The stake allocated at the beginning is the most that will be lost, typically around between a half and 2/3 of races are filtered out. Those that are selected will be a flat stake based on your initial input. I select all the races for smaller stakes than picking a select few and let the macro do its stuff.
If you had started this last thurday when FA was released with 2 GBP bets then your account would be 50GBP better off - not a bad amount based on 2 bets I am sure you will agree.
I hope this makes sense and hope you have a good luck with your betting
thegreat
17th August 2006, 19:13
:? not sure who you are referring to but I havent downloaded it or accessed it
teamsports
17th August 2006, 20:13
He probably confused me wiv u ...
FWIW, I traded it with 10 quid stakes .. it managed to lose 75 quid, in about 20 races, and I sort of lost interest.
I think it needs some work.