Betfair Trading Software
Pro is software to aid betfair traders.
They were asked the following question:
"How Do I Use MarketFeeder Pro to Make Money Trading?"
Firstly, MarketFeeder Pro is a trading analysis application
to aid in the decision making process by providing key
data and spotting key trends and market movements quickly
and in an informative manner - allowing the trader to
base their decision to engage in any transation on the
basis of sound market analysis.
From the Traders perspective:
MarketFeeder Pro provides user-definable refresh rates,
capturing and monitoring data from multiple Betfair
markets right down to 0.5 seconds now - that is almost
in real-time literally - providing a distinct trading-edge
when you consider that Betfair's default is 5 seconds.
Market moves can be analysed quicker and decisions based
on accurate information and acted upon.
MarketFeeder Pro provides Plotted Graphs on the top
3 selections in any market to instantly spot trend movement
visually - providing a complete overview of what are
generally the most traded selections in the market,
and graphically illustrating which way the market is
moving on each one quickly and accurately - How do you
profit from this? The ability to spot these trends and
act on them in a timely fashion opens up the ability
to "off-set" trade. If the graph shows the
price is moving outward then it could be profitable
to lay and back while the price continues to drift,
benefiting from this market movement repeatedly for
guaranteed profit, regardless of the outcome (provided
the correct staking formulas are applied of course)
MarketFeeder Pro provides Market Volume indicators
expressed as a % of the market. Knowing where the money
is going can drastically increase the chances of a profitable
trade - this key indicator can quickly be used to gauge
the "weight" of money in the market for any
selection - if there is alot of money being "layed"
then this is a good indicator that the price is likely
to drift in order to absorb this - using the graphs
to confirm this also, the trader has the distinct advantage
of not only knowing "where" the money is,
but also which way the market is moving with it - to
0.5 of a second if required. The opposite is true -
if backers are quickly absorbing the money layed, then
the chances are that the price will decrease, providing
more opportunity to "offset" bet repeatedly
for profit by following the market moves.
MarketFeeder Pro Monitors Multiple Markets Simultaneously
- In order to ensure that the correct decisions are
made, based on the data provided, it is necessary to
"know" what the trend in any given market
on any selection is and has been. The Betfair site is
clumsy in this respect and MarketFeeder Pro consolidates
all relevant market data and presents it efficiently
in individual market views. Instead of knowing just
what the last 3 prices were, you can now monitor the
price changes, movements and trends right from the moment
you started to capture the data. This is a huge benefit
of the software for traders themselves - it provides
an "accurate" reflection of prices and volume
right through the trading process.
From the Analyst's Perspective
Because MarketFeeder Pro was developed as a trading
analysis tool, the power of Excel was incorporated extensively
to provide analysts with the ability to perform any
number of calculations within a familiar spreadsheet
environment. The professional traders are easily spotted,
they are in reality exchange market analsyts who gather,
process and base decisions on key market data in a calculated
manner and then act upon it for profit when the opportunity
presents itself, - much the same way a stock market
trader does in regard to trading shares. The Trader/Analysts
combined present a distinct profit making machine because
they are the ones who consider every pound spent as
an "investment" and realistically expect a
positive return for this.
Not only can the trader and analyst monitor current
markets, but given the power of Excel incorporated,
they can now also "look back" at market data
retrospectively - and in reality, this is why the Betfair
API was developed; to provide a valuable insight into
past market trends that can be used to predict future
market performance. The ability to monitor, capture
and store live market data is the most powerful feature
of MarketFeeder Pro.
External Applications can then directly link to the
saved data through the familiar DDE easily, further
extending its use as the basis for developing exchange
trading systems. Real market data on each individual
selection with the market, including prices and volumes
can be incorporated to "model" real trading
scenarios on multiple markets at the same time. There
is NO other application known to us that does this in
such a powerful, yet familiar way.
What MarketFeeder Pro is NOT
MarketFeeder Pro is only as good as the person using
it. We have targeted the use of the software to "professional"
traders, not those who are looking for a something that
will make decisions and place bets automatically for
them with complete disregard for what the market is
actually doing at the time. It is not that kind of application.
Instead, what MarketFeeder Pro is a tool that, when
correctly used, provides the exchange trader and analyst
with the ability to spot market trends quickly and act
on them. Further, it provides the ability to "look
back" at markets in a "what-if" scenario
and basically "practice" betting trading strategies
and techniques using real market data extracted from
real markets on betfair. This can only be of benefit
to anyone seriously considering making money on betfair.
A recent upgrade to this betting software was the inclusion
of "Triggered Bets"
A triggered bet or just a trigger – in terms
of betting online - is an action that is executed automatically
as soon as a specific value or expression has met a
Triggered bets are the key to a well thought-out trading
strategy. Watching the figures on the screen is the
first step. Analyzing them and betting on special occasions,
when certain conditions are met, is the second step.
The speed of your reaction to the combination of prices,
back & lay offers and the way they are changing
is often the most critical factor of your success in
trading. So it is better to let an application do it
for you. Our new edition of the market analyzing software
for BetFair – MarketFeeder Pro – allows
you to implement triggered betting in your every-day
sessions at BetFair.
Suppose you monitor the first three favourites in-play
and you want to back on one of them as soon as its price
reaches 1.5. You can even make the condition more precise:
when the price of the runner reaches 1.5 AND the prices
of the other runners are greater than - say - 5.0. With
the new function of MarketFeeder Pro "Triggered
Bets" allows you to do that, and more than that!
Examples of conditions when triggered bets are helpful:
Alert when your available funds are less or equal than
the minimum level you have specified .
Bet on a runner when its back price is equal to the
median price based on volume
Cancel lay bets on a runner when its price grows up
to a certain value
Lay a certain amount on a runner at a best price when
its price grows up to a certain value (combined with
the above trigger this condition provides a stop-loss
facility that saves you from big losses).
Back on each runner when the book is under 100%
alert when the loss for one of the runners is greater
than certain value.
back at a slightly higher price when the lay bet on
a runners was matched (this is a way how an offset betting
can be done).
Bet on a runner as soon as all previous bets got matched
Alert when the unmatched portion of a bet for this runner
is less that the half of the bet amount.
There are hundreds of other conditions that each trader
keeps in mind when he does his every-day betting. It
is now possible to implement them in a real-time, automated
way with MarketFeeder Pro.
If you have basic knowledge of MS Excel functionality
you will be able to create most complicated triggers
based on cross-sheet calculations where many cells are
involved. We will take up several trigger examples below.
The Cost - To achieve all of the above via the Befair
API would cost in excess of £1200 per year on
a personal monthly subscription basis (for developers,
access increases to a staggering £2,400 per year!).
Add to this the cost of actually developing the application
to implement the API and you are talking another £1000+
for a professionally built system. MarketFeeder Pro
does all of the above for a fraction of that price -
so to the professional exchange trader and analyst the
cost of MarketFeeder Pro is £0 - it is not a cost,
rather, it is an INVESTMENT, that when used correctly
is a powerful way to increase trading profitability
when trading decisions are made and acted upon
A very useful betting aid in the right hands. I anticipate
some cunning punters making very good use of the triggered
Also Note that there are other betfair trading tools
available such as the X-Bot Betting
If you are looking for advice on football betting see
here soccer betting