January 21 Bet-IE
The developers of Bet-IE have just announced a number of exciting new features and enhancements that have been added to the already popular online betting exchange trading software. Bet-IE is an easy to use tool to be used in conjunction with the Betfair Betting Exchange for accurately calculating then submitting odds and stakes instantly to achieve required targets but all under your total control. It does not require the Betfair API interface to load the live markets which means that Bet-IE is free of third party costs and overheads.
Recently they upgraded the Lay All feature to now be able to enter a Maximum Liability for multiple runners. So if in a race you wanted to lay 3 horses and wanted to Lay them all to lose a maximum of £50 you now just highlight them and press the Lay button and all the staking is worked out from the “live” refreshed odds that quick and simple.
Also they have added an option to enter individual liabilities for multiple runners. So if you wanted to Lay horse A for a £25 liability and horse B for £10 liability and horse C for £50 liability you now just enter the individual Lay liabilities in the green boxes showing on the interface and press the Lay button all the staking is worked out and is updated from the current “live”market.
They also identified the Trading function as rather weak compared to the rest of the software so they have now fully upgraded this function to enable it to “tick”trade it is simplicity to use just set a staking level and point and click at the odds required to make the bets that quick and easy. Also they have added a history feature to identify clear trends in the market whether the odds are moving up or down and we have increased the quality of the money meter (or 3 as it now features) showing the actual market relationship to help make odds prediction easy.
The function that has been extremely well received is the Auto Hedge feature for smaller stakes as you will be aware this may mean the profit does not build to a level that can be equalised (this done by clicking the “equalise” button and once carried out equalises the profit over all of the runners in the race) so by using the Auto Hedge feature the staking is automatically adjusted to make those green equalised profits automatically all the user has to do is click away. Also added is a partial matched stakes feature in Auto Hedge if only £25 of your £50 request was matched then using Auto Hedge the staking is automatically calculated around the matched portion of the bet only.
One other addition that will be of interest is that they now have a place market dutcher also this was a technique that came to light by a user in the forum and was worked around the place only market. As you may be aware any win dutcher is not accurate to place dutching so we have upgraded the dutching feature to incorporate this place only dutching technique. All these features make Bet-IE one of the most powerful and cost effective exchange trading tools on the market.
January 21 Auto Betfair
Auto-Betfair runs on the MarketFeeder Pro software engine, which was developed by Welldone Creative Software, and is registered with Betfair as an official API solution. Auto-Betfair customers benefit from all of the benefits and functionality of MarketFeeder Pro. Each day, the software connects into the Betfair exchange via your broadband connection. The software then monitors the constantly changing odds of the UK race card, and places bets for you.
The software is fully automated. All you do is login to the software each morning. You are then free to do whatever you want to do each day, whilst the software works for you.
What is Betfair?
Betfair is the largest online betting company in the UK and the largest bet exchange in the world. Betfair currently has a turnover in excess of £50m/week.
A bet exchange allows punters to back and lay at odds set and requested by other punters rather than by a bookmaker. Betfair uses decimal odds, which are easier to work with for trading than fractional odds. Its bookmaking model – bringing together two counterparties with opposing views – removes the need for a bookmaker’s mark-up or over round and this results in odds that are on average 20% better than bookmakers.
Who are Auto-Betfair?
Auto-Betfair was formed in early 2006 in close partnership with Welldone Creative Software, and are based in London, England. Welldone are members of the official Betfair Developers Program. The Software was developed to specifically cater for those who wish to take part in on-line trading, but simply do not have the time or the experience to do so.
What exactly is Auto-Betfair doing?
Auto-Betfair fulfils three primary functions when placing bets. It monitors all horses in each race and obtains the best possible odds available. It takes into account how much money it should be in order to achieve the required amount of profit. It also takes into account the outcome of the previous race results.
What type of bets are placed?
Auto-Betfair currently focuses specifically on the UK Horse racing card. Bets are made on horses to win, or to place, depending on the odds available.