As you will know, Betfair have an ‘Exchange’ website and also a ‘Sportsbook’ website. The Sportsbook website is just the same as any normal bookmaker such as PaddyPower or William Hill and allows you to place bets on sporting events. The Exchange website however allows you to back OR lay sports bets, meaning you can be your own bookmaker on the site offering bets to members of the public.
Using a separate odds feed to give me the Sportsbook data I have a system which enables me to lay specific bets on the Betfair Exchange to churn a consistent profit. I have been manually using this system to make a very small daily profit. With automation in place I would be able to make this profit 100 times greater.
Once successfully created the system would be completely self-running and would turn a constant profit each day/week.
I have had previous developers working on this over the past year but they have struggled matching up the events on each market. I feel this is more down to a lack of expertise though. Can you assure me that this would not be an issue for yourself?
I am happy to pay the costs of the initial project but after this is live and creating a profit I would be looking to split the profits with you to ensure your long-term commitment to the project, this would also be payment for maintenance and enhancements to the system.
Please explain to me exactly why you would be able to complete this project successfully.
I look forward to hearing from you,
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Clarification Board Ask a Question
You mention the past developers working on this... Do you have access to those projects? Can disclose my interest in knowing this if you PM me.
Which sports? How many bet types, e.g outcome (Home, Draw, Away), over/under, etc?
What is the latency of odds changing and bet placing?
How soon to rescan the events or odds list? To fast and the server probably won't like you.
Preferred coding language? Graphical output required?