MarketFeeder is one of many ‘bots’ available to purchase and, out of the many I have used, it is my personal favourite since it can be tailored to one’s exact needs and every imaginable strategy can be performed automatically.
To maximise the output of this powerful tool, it is advantageous to have some grounding in mathematics plus an ability to use formulas in Microsoft Excel; thinking logically will also come in handy.
With this one article I can only scratch the surface of MarketFeeder, but anyone who is genuinely committed to making money with betting should seriously consider purchasing a ‘bot’ such as this.
What is a Bot?
Bots are software products developed to automatically carry out designated tasks, for example, automated gambling with Betfair.
To put a long story sideways, your bot can log into Betfair and constantly download the current odds to your computer at home. This happens over API and it is therefore possible to use a bot nearly everywhere in the world, so long as the Internet connection is good.
Bot software permits the observation of selected markets without having to log in manually to Betfair through Betfair’s log-on procedure. In addition, MarketFeeder logs and records everything so that afterwards market odds and movements can be evaluated in detail.
However, the pinnacle of MarketFeeder’s functionality is its ‘triggered’ betting function, which means the computer executes betting instructions automatically based on the criteria programmed into it and thus, you can instruct your bot to play selected markets according to the criteria you have set, whilst you go out for a nice walk in the countryside…
What is a ‘trigger’ and how is a trigger developed?
A trigger is an individual setting or programming of MarketFeeder telling it which parameters need to exist in order to activate and execute a bet (lay or back bet).
MarketFeeder logs into Betfair and loads markets in real time. So long as no triggers are ‘live’ nothing happens. In order to demonstrate what I mean let us look at an example. Say we would like to develop a trigger for football in the ‘over 2.5 goals’ market. For this, I can get MarketFeeder to load all of Betfair’s football markets for a particular day and concentrate on the odds for the over 2.5 goals market.
You may have observed that the odds in Betfair rise perhaps 5 minutes before the beginning of a game and then tend to dip slightly as soon as the game begins (before rising again until the first goal is scored). It is impossible using a browser and logging manually into Betfair to monitor and observe all the match markets at the same time but MarketFeeder will do this for you.
You can set MarketFeeder to log all games of a certain group (e.g. by odds). Afterwards, you can evaluate these logs and after just one weekend you should have dozens of different data sets to analyse.
In this example the initial observation was that odds rise 5 minutes before the beginning of a game and after kick-off they drop. This could mean the possibility of backing at a high price and trading out with little risk by laying lower at kick-off. With logs, you can check your theory exactly.