Tag Archives: Betdaq

Week ending 13-12-15

Although I didn’t have much time to spend on the bots, I did manage to set one trading on Betdaq. It went for 4 and a bit days before hitting min account balance stop. In that time it achieved 1564 settlted bets. The problem I have now is downloading the betting history from Betdaq; I’ve tried on Chrome and IE but nothing happens.

From my own data it seems to be trading quite well with the main losses coming from multiple repeat trades when one trade is open. I’m going to prevent this from happening and run it some more. I’m happy for losses at this point if there is progress to be made. As with all my bots, I think the work planned on improved data collection and more dynamic trading will have a positive impact on returns.

Below are last weeks charts. UK dogs was a bit roller-coaster. Aus horses performed better but still room for improvement.

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One day in

The Betdaq bot ran through all UK horse races yesterday without any errors. Although it finished at a loss, it was within the acceptable range of Bot1. As such I’ve allowed it to continue for now. With only a small sample of trades it’s hard to pick out any patterns of loss (or profit). I noticed a couple of times where multiple trades on one selection in a short amount of time resulted in loss and also only one lay-then-back trade was made, which was a loss. These are areas to watch but without more data I won’t make any adjustments. I’m quite pleased with the number of trades, around 150, as I’d thought that if the market had mirrored Betfair but with a few tick spread, my bot would just place into the spread and never get filled. As it did get filled I’m guessing the market is quite active and either independent of, or tightly following, Betfair.

Betdaq’s on

As it was quite easy to set up, I’ve started a bot actively trading on Betdaq. It’s a copy of Bot1, using the Aus horse settings, trading UK horse win markets. I’ve chosen these markets as they have the highest liquidity and trade a tight spread. The greyhounds and US horses trade lower volumes on Betdaq but that’s not the thing that puts me off. These markets seem to mirror Betfair but with a larger spread (gap between back and lay odds) which gives a very artificial feel to the flow. Also if you watch a Betdaq dogs market you’ll see small amounts of money tracking up and down the ladder then all of a sudden 200 or 300 shows as matched but never appears as offered. I’ve seen this too many times and it’s put me off getting involved. However, a few traders have made comments on Twitter that suggested the horses have become more like Betfair, so that’s where I’m starting.

A word of caution if you’re planning on having a go – place some bets or you may end up with a warning email like the one below which I received after doing some testing

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