Mark Baker discusses the benefits of using Auto Trading Fox, software that allows you to automate your trading on Betfair.
"With an intuitive interface on a single display screen, Auto Trading Fox allows the user to fully automate some relatively simple but powerful horse race trading strategies on the Betfair Exchange."
With an intuitive interface on a single display screen, Auto Trading Fox allows the user to fully automate some relatively simple but powerful horse race trading strategies on the Betfair exchange.
ATF allows you to:
- Create bet plans Like Back First Then Lay, Lay First Then Back, Straight Back or Straight Lay, also with Stop Loss Capability.
- Run multiple instances to set up complex trading scenarios just by starting another instance of the software.
- Link to any other bots or software for Betfair.
Here's an example trade, one of many strategies you could employ. We are going to back any runner that reaches the trigger odds of between [2.0] and [2.5] any time before the race or during the race in-play.
We will place a bet at [1.7] in the market. Betfair will then attempt to match that bet at best value which means we should get [1.7] or higher/better odds. Once matched, a lay bet will then be placed immediately for a 30% profit. The software will calculate the price and stake required to achieve that.
We will only allow the software to place one bet per race using the max bets option. You could allow more bets and monitor any horse that meets the criteria. You could also select your own horses or monitor a favourite like 1st, 2nd or 3rd favourites in the betting.
You can then attach the bet plan to any of the races in the races window, and then start trading by clicking the top button.
As you can see the software placed Bet 1 at [1.7] and it was matched at [2.6]. The lay bet, Bet 2, was then entered to achieve the profit required. In this case a lay at [2.0] was placed at £13 and was successfully matched.
For more advice on how to use the software, check out this YouTube video, or go to the website.
For a selection of Betting Apps for Betfair.com please see the Betfair App Directory