Description of the project:
I am the sole end user of this bot.
The bot must place in-play bets in the Betfair horseracing market
I wish to use this bot for in-play races only. The bet must be place after a certain nr of seconds have passed after the race has started (race goes in-play).
The bets will be backing and laying.
The bet for backing will kick in when the price is (for example) between 1.15 and 1.8 AS LOWEST
PRICE. And x nr of seconds has passed.
The bet for laying will be placed if a price between (for example) 4.0 and 4.8 AS 4TH OR HIGHER RANKING PRICE OCCURS. And x nr of seconds has passed.
A data base of race lengths and the kick-in time must be selectable.
Kick-in time: 46 seconds
Conditional betting will then take place.
Amount to bet:
What I would like is for the bot to dynamically determine the backing amount in-play to win a target amount per race:
To win target per race: € 10.00
Lowest Price: 1.25
Backing amount: € 40.00
If the price was 1.36 then the backing amount would be € 27.77
For the purpose of all transactions commission should be ignored.
There needs to be an overall “Stop Loss” This can be a daily stop loss.
I wish to be able to select the races the bot will be on from a graphical interface. Preferably only races where in-play betting is offered.
Betting will ONLY be done on the “place” card of the race, not the “win” card.
Looking forward to hearing from you.
If you have any experience with the Betfair api you will have a better chance of winning the project.