Tuesday, 11 August 2009

Betfair trading platforms and Monday evening results

Mondays nothing spectactular, just pure scalping 9 races p/l £18.79

I use or have used the following API products.

A quick run down,
Bet-ie Cost me £97 for trading its crap, for multi dutching backing or laying its fine, it looks like some from windows 95/98 era and could do with a major overhaul, i cannot remmember last time i actually used it.

Fairbot coming to the end of my 15 day trial period, as my last trial was for version 2.51 and they brought out 2.6 the day that ended i ended up with another 15 days :) Fairbot for Trading/scalping is a great piece of kit, i ilke to use the offset bets, where it instantly lays or backs the opposite when matched, also the stop loss feature is much improved as is the new take SP when gone into play thus closing your trade, example you trade just before the off say you back at 7.0 and are looking to get a lay matched at 6.8, the race jumps off and the be lay is cancelled you are instantly matched at SP this could well be 7.00 or 6.8 either way your matched and looking at a small loss or profit ratherthan sweating hoping the odds go in your favour inrunning.

Another goood platform, quick to use for scalping when it does not "hang" or freeze this has happened to me, tools take and age to set up for stop losses ect, although the new version (when released some time early june :) ) will have right click stoplosses, it is now rather dated imo but still works :) cost is determined on minutes purchased in blocks of 500, 1000, 2000 or monthly quartly and yearly they are fairly priced and offer 6 months for 3 and other great deals. i am looking forward to the new version and giving it a good whirl.


Trading on the ladders is lightening fast, i also like the profit or loss column on the new version so its just a matter of clicking how much you want to lose or indeed win depending on the way the odds are going, right click stop losses are a bonus too, not sure about all the Graphs as they only show what has happened in the past and it seems too much information at times, i usually have a quick glance thats it no matter which platfporm i use.

The new kid on the block and still in its developement tbh i paid £5 for a months worth of subscription and the version changed numerous times in that period, which is a good thing as they are trying to develope it, as with all the others its 1 click submission on the ladder or grid, with green up button, also has 1 click stop losses which i really like. Cost is £5 a month


at the moment fairbot is my numero uno/firm favorite but i will try a month with betangel but as i dont like paying subscriptions, i will look long term after this period, fairbot is a one off payment of £87 i think for 1 year which is a bargain imo.
I will eventually settle for 1 API product and stick with it.



  1. Hi Ronnie,

    Good write up. Since starting trading i have only used Bet Trader but last night i thought i would give Fairbot a try on the 15 day trial. It is a nice piece of software and i made just over £10 messing around on the US markets. The only thing i found was that my bets took a while to show but apart from that it really did open my eyes as to what else is out there.

    From what others say about Bet Angel i think i should give that a go also. Best not have all my eggs in one basket. The subscription isn't an issue with me so i may sign up for a month when my fairbot trial runs out.

    All the best.


    All the best

  2. Hey Steve

    well done on the us racing, something i have yet to get to grips with, i have had a quick go as there seems to (in some races) more money than there was a few months ago, i have made some profits but have found that the markets are too gappy and that a price can either sky rocket or fall at an alarming rate, great if you get it right mind :) i have noticed that bets take a while to show up but that is mainly in the evening races due to my pi"£" poor isp and the general slow down of the internet in the evenings, good luck with Fairbot should you use it on the days/evening uk races.,


  3. Hi Ron

    I am currently trying BFExplorer.net and be interested to hear what you thought of it. It's got a very useful practice mode and has a lot of good features for programming bots etc.


  4. Hi Dave
    I have not tried it as yet, but will have a look tonight i assume its free to trail?

  5. Hi Ronnie - great blog.

    I'm still using Fairbot version 2.4. At the moment don't have the funds to play with the big boys and Bet Angel. What version of Fairbot introduced the take SP in play feature 2.51 or 2.6?

  6. Jockey,
    it is version 2.6 this is taken from betfairs site API products"

    Fairbot v2.6 introduces a range of new features including:

    - improved charting
    - partial offset bets when trading
    - take SP option for unmatched bets
    - cancel or amend individual stop loss orders from the pending bets section and more!

    The SP option is a great addition imo as is the partial offsets.


  7. Great summary, Ron. Gruss is also pretty good. It feels kind of like Bet Angel's rougher brother but for £7 a month, it's a bargain. Vey good for a low cost option

  8. Hi.What is your Fairbot refresh rate ? 3 sec or less?

  9. Bog, i have it set to 0.2secs or 200mili seconds

  10. And you didn`t had any problems with the betfair premium charge?I suposse you know about this charge...