BetGrail - Sports betting software for Betfair

New version of BetMarket Scanner is available. Download BetMarket Scanner 1.3.
What's new:
Selected Tab – The persistent tab with list of runners you would like to record into the one Excel spreadsheet. You can watch all your prefered runners in one place.
Add/Remove from Selected Tab – double-click a runner to add it or remove from Selected tab.
Save/Load Session with Selected tab – Save the list of your selected runners.
Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

We've fixed BetMarket Trader after Betfair update. Upgrade for the software is available for download.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Today we would like to show you how to schedule Betfair market recording.

You know how to record market prices from our previous Tutorial 6: First steps to record Betfair prices. Now it would be great to schedule this procedure. For instance, you may want to setup schedule and go out to do your day work or anything else.

To schedule the scanning first of all you need to load markets you would like to record into the BetMarket Scanner. You can setup all the market scanning options as you did before. There are two main controls for recording schedule. It is ‘Log Schedule’ checkbox and the field with date and time right to the checkbox. First, choose the date and time when you want to start market recording. Then check ‘Log Schedule’ checkbox to let BetMarket Scanner know that you want to enable schedule.

That’s all. Now at scheduled time the software will automatically start recording. The recording will be stopped when market is closed.

There are also advanced options on the Preference dialog for scheduling. You can choose default schedule time which will be automatically assigned to the newly opened market. For example, you can choose ‘N seconds after In-Play’ and -300 as ‘N seconds’. This means that all opened markets will have schedule time as 5 minutes before In-Play.

Please, feel free to contact us for any clarification, if you feel confused with schedule of Betfair market recording.

You can find BetMarket Scanner and our other software for Betfair here.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Hi,

We have questions from our users about the format of the saved Excel spreadsheet. Today we would like to clarify this issue and give more detailed descriptions for all Betfair data fields which you can record using BetMarket Scanner. 

Below you can see a small screenshot which illustrates the data from the saved Excel spreadsheet. It’s just a piece of all information, but it gives a view of the format.

First row is the header of each column. All other rows below are showing selections in different moments of time. If you have 10 selections, they will be repeating - each time 10 rows for some particular moment. The exact time of this moment you can find in the first column called Date/Time. 

Here are descriptions for all columns:

1) Date/Time
The date and time when this row was recorded.

2) Market Id
The internal unique indemnificatory of the Betfair market (event) which can be used to reference a market. 

3) Market Name
The textual name of the market.

4) Matched Amount
The amount of money of all matched bets in the market. 

5) Currency
GBP, USD, EUR, etc

6) Back Book Percentage & Lay Book Percentage
Values which you can see at top in the Betfair market interface. They are calculated from formula:
Percentage = 100 / Runner1Price + 100 / Runner2Price + 100 / Runner3Price 

7) Is In-Play
Whether this market In-Play now or not

8) Selection Name
The name of the selection (ruunner) 

9) Selection Id
The internal unique Betfair identificator for a selection. Can be used to reference selections.

10) Back Price 1, Back Price 2, Back Price 3
'Back' prices (the best price is Back Price 3)

11) Lay Price 1, Lay Price 2, Lay Price 3
'Lay' prices (the best price is Lay Price 1) 

12) Back Amount and Lay Amount
Amounts offered to bet at respective prices

13) SP
'Spread' - the difference in ticks between back and lay prices. The size of the tick is different for particular price range. Say, for range of 1.01 - 1.99 the tick is 0.01, for 2.00 - 5.00 is 0.02, etc.

14) WoM Ratio
Weight of money ratio = (BackAmount1 + BackAmount2 + BackAmount3) / (LayAmount1 + LayAmount2 + LayAmount3)

15) WoM Difference
Weight of money difference = (BackAmount1 + BackAmount2 + BackAmount3) - LayAmount1 + LayAmount2 + LayAmount3)

16) Matched
The amount of money of matched bets for a given selection

17) %Matched
The percentage of matched money for a given selection comparing with matched amount for whole market.

18) New Traded
The amount of money were matched for a given selection since the last refresh

19) Trade Ratio
Trade Ratio = Sum of all matched 'Back' bets divided to Sum of all matched 'Lay' bets

20) Back Trade EMA, Lay Trade EMA
The exponential moving average of the amount of matched bets over the last 19 refreshes (for Back and Lay bets respectively).

21) Last Price Matched
The price at which last taken bet was matched for a given selection.

22) Reduction Factor
Quoted from Betfair:
For our horseracing markets we guard against possible non-runners with a system of Reduction Factors (similar to Rule 4 with traditional bookmakers). Each horse is allocated a Reduction Factor, based on its likely chance of winning the race. Should a horse be declared a non-runner, the Reduction Factor will be applied to the prices of all matched bets, for both backers and layers. This is to ensure that layers are not unfairly treated and exposed to large liabilities when the chances of other horses winning have improved. The Reduction Factors are designed to be fair to both backers and layers.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

BetMarket Scanner 1.2 – the new version of the unique statistics and market information recording tool. In the new version we’ve implemented many new useful features which our users suggested. These features make interface faster and easier to use.
All existing users who have license for previous version of the BetMarket Scanner can order upgrade with discount of 50%.

What is new:

1.      General Tab – The persistent tab with list of all opened markets and their brief information.

2.      Multiple operations – The ability to apply settings to more than one market in one click.

3.      Save/Load Session – The ability to save and load information about the all opened markets and their settings.

4.      Default settings for new tabs – The ability to setup default settings (schedule time, refresh period, etc) for all new opened tabs.

5.      Close finished events – Closes all tabs with ‘Closed’ events.

6.      More tabs in one line – The ability to increase the maximum number of visible tabs without scrolling.

As always there is 15 days trial. You can find out more about our Betfair software on our site.
Download BetMarket Scanner 1.2.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Hi, 

Today we would like to share some basic steps how you can record Betfair prices using BetMarket Scanner.

First you need to download and install this software (BetMarket Scanner). It looks like on the next image.

After you have this software, run it – you will see the main window. To open a market, click Market button. It will open the market tree dialog. To open more than one market, use New Tab and Close Tab buttons. They will create new tabs where you can open different markets.

Now you can see the market and how prices are updating. In the Log File field the application displays the log filename where all market data will be saved. You can use either market id or market name as a log filename. Also you can change it to any different using Select button.

To start the record click Record button. It will turn to Red color which means you are recording the market.

To stop the recording simply click Stop button. The recording will be automatically finished if the market is closed.
Now you can open your recorded spreadsheet in Excel. You will see something similar to the next image.

It is just a small piece of the all information available. Here is a complete list of the columns: Date and Time, Market Id, Market Name, Matched Amount, Currency, Back and Lay Book Percentage, In-Play indicator, Selection Id, Selection Name, Selection Prices and Amounts, Spread, WoM Ratio and Difference, Selection Matched Amount and Percentage, New Trade, Trade Ratio, EMA for Back and Lay Trades, Last Price Matched, Reduction Factor.

Next time we will describe how you can schedule the market recording.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Today we would like to tell you how you can log Betfair prices. Often when you are at your work or simply busy you don’t have a time to watch Betfair markets. Also it would be great if you could have an option to record market live and view it later to do some analysis. That is why you may want to record all the market data into some handy format and store it on your computer.

There is software which makes it possible. BetMarket Scanner allows you to select a number of markets and schedule their recording to any time you want. Say, you can set the recording time to 5 minutes before In-Play. You simply choose the output Excel spreadsheet and all the market information including selection name, market id, matched amounts, prices and amouns (and much more) will be saved to that file. Btw, you are not required to input your Betfair account information since it is not transactional software.

All details are available on the official website at www.betgrail.com. There is 15 days trial of fully functional version. Help file and prompt support are available. Also we are going to public a series of tutorials about BetMarket Scanner very soon.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

We've fixed a bug in Login function. Some special characters like comma or quotes in the account username or password were not correctly passed to Betfair resulting in 'Invalid username or password' error. The upgrade is available for download.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

How to predict price movements? When back and when lay? All these are critical questions for successful trader. To trade on Betfair you need some more information than offers ordinary betting book. In actuality you need to know more than other traders to be one step forward. In the BetMarket Trader we decided to add unique market indicators which can help you to predict market trends. These market indicators are also included in our Betfair statistics collecting software.

“WoM” is a wide known but still useful indicator. It shows a ratio and difference in offered amounts to back and to lay. When this difference is negative, i.e. there are more on the lay side than on the back side, it means that prices more likely will be shortening. And otherwise if WoM is positive they will be getting longer. To help you to choose the bet type WoM changes its color either to blue (Back) or pink (Lay).

“Matched” is an amount of money which was matched for a given selection. Bellow you can see also a matched percentage comparing to whole matched amount for the event. It can help you to find the most popular trading selection.

“New” displays the amount of the last matched bet on the market. You can see a type of this bet as well. If it was Back the top side of New will be blue, otherwise pink. This indicator is good to see when market players do frequent big stakes which can mean a change in the price movement direction. Bottom part of this indicator shows the ration in back and lay matched bets for the time you are watching this market.

“EMA” shows an exponential moving average for Lay and Back bets on the market. The top part shows an average back stake and bottom shows an average lay liability. You can control the EMA period on the Settings page (by default it is 19).

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

We've fixed a major bug in our betting software. For some conditions the software didn't load correctly and freezed. The upgrade is available for download.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Today we will show how to use BetMarket Trader when the event In-Play.

Resubmit feature makes it possible to resubmit all unmatched bets which were canceled when the event was suspended. The application remembers all your unmatched bets and automatically offers them once the event goes In-Play. It is good if you don’t want to manually resubmit your bets which were unmatched. Also some traders have they own betting strategies which are based on the fast In-Play bets submission. One more remarkable feature is that you are able to place and cancel your bets even in ‘Suspended’ period. So you have an extra time to manage your bets.

Please, note that the application resubmits only the bets from the currently opened market! If you want to resubmit bets for multiple markets you need to run multiple instances of the application, one per market.

Another helpful feature is so called ‘Preset Prices’. You can setup your own back and lay price (one price for back and one for lay). They are seen as fourth columns with prices in your book. Say, you want to be sure that your Back bets will always be matched. You can set the Back preset price to 1.01 and use it when the prices move very fast. Your bets will always be matched at the best odds available. The same is right for Lay bets if you are using Lay preset price with high odds, for instance, 20. To setup your preset price, right click on the fourth price column and you will see an input box. Fill it with your price and it is ready to use.

The last feature we will tell you today is Lay All button. This button lays all the selections at the selected price. However you should be careful with it because it will offers all bets immediately, regardless from such settings as Confirm Bets.

The next tutorial will be about the market indicators.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Today we will explain what is ‘Smart Bets’ and ‘Betting on the edge’ and how you can use these features to successfully trade with BetMarket Trader.

 

Smart Bets is an option which gives you an ability to automatically compute the stake amount for the trading bet. Using Smart Bets feature you can create a Win/Win trading situation where you are making a profit regardless from the event result. How it is possible? When you are in Trading Mode (to learn more about this read our Trading Tutorial) the application places a trading bet for you after your first bet. Enabling Smart Bets option you force the application to analyse the difference in prices between two bets and automatically calculate a stake for the trading bet. By default the application spreads your profit between lose and win in equal parts. However you can setup it to get profit of, say, 70% if the selection won and 30% if it lost. You can control this parameter (win percentage) in the Settings dialog which you can see bellow. Take a look at Win Percentage input box.

What percentage you should use? Well, it is up to you and depends from your trading style. Some traders prefer to create a maximum profit if the traded horse won and others like to be sure that they will be in profit no matter which selection won.

Now lets talk about another useful feature, Swap function. When it is enabled the application will place a Lay bet if you’ve clicked at Back cell of the book and vise versa. This gives you an ability to use prices of the different bet types and bet faster. Let suppose we have a situation when Back price is 1.65 and Lay price is 1.66. You want to place a Back bet at 1.66. Without Swap feature you would need to enable Confirm Bets function, then click on 1.65 Back cell, adjust your price to 1.66 and click Confirm button. All this is time consuming. However you can simply enable Swap function and click and 1.66. And that is all, your bet will be offered to the market. This feature also makes it possible to use so called ‘Betting on the edge’ trading technique when you are placing Back bets at lay prices and Lay bets at back prices.

In the next tutorial we will show you how to use BetMarket Trader for In-Play betting.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

We are exciting to introduce the new version of BetMarket Scanner. What is new:

1. Tabbed interface with ability to scan multiple markets simultaneously.
2. The facility to schedule market scanning.
3. Customizable refresh interval.
4. The ability to setup your Betfair credentials to use your currency.
5. Improvements in the interface to make it more user-friendly.
6. Several minor improvements and fixes.

If you are interested you can try our software for free. It can be downloaded here: http://www.betgrail.com/download.htm.

Happy betting!

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Today we would like to explain some elements of the BetMarket Trader interface and how you can adapt them for trading. We will try to describe in details all steps and show you how to make the software work most effectively.

To start, run BetMarket Trader. Bellow you can see the screenshot of the main window.

Lets start from the top-left corner. You can see two fields there: Back Stake and Lay Stake. They are drop-down lists with preset back and lay amounts. The software will use the selected amount as a stake for bets when you click on one of the table's cells. Take a look at 'As Stake' button. When it is enabled (has a green color) it means that the amount in the Lay Stake field will be used as an actual amount of the stake. However if it is disabled, it forces the software to use an amount in the Lay Stake as a stake liability. In other words, before placing a bet, application will automatically calculate a stake from the liability using formula stake = liability / (price - 1). This gives you an option to choose an amount which you are willing to risk laying a selection.

The next input field is Offset. To the right from Offset you can see OFF button. These two elements are related to so called 'Trading mode' of the application. OFF means that trading mode is disabled. To enable it on, simply click that button. When the application is in the Trading mode, it automatically offers a trading bet (also called arbitraging bet) which is opposite to the one you have offered last time. 'Opposite' means a Lay bet if the first bet was Back and Back bet if the first was Lay. Offering a trading bet the application uses a figure in the Offset field to calculate a bet price. The Offset specifies the difference between prices of the first bet and trading bet in ticks. To make it all clearer lets look at the next example. Say, you have Trading mode enabled, Offset is 3 and you want to trade on some selection. You are backing it at 1.80 clicking on the respective cell of the book. Now the application takes its part. Once your bet at 1.80 is matched, the application automatically offers a trading Lay bet for you at 1.80 - 3 ticks, i.e. at 1.77. You are making profit from the difference in prices (of course if both bets are matched). The more difference, the more you are making.

There are two options for trading bets. The trading bet can be offered either after the first bet was matched or immediately after you've placed the first bet. You can control this option using 'Consequent' button. When it is enabled the application waits until the first bet is fully matched before offering the trading bet. Which option you should use? Well, in most cases you will want to leave 'Consequent' button enabled. We would recommend having it enabled for beginners. However if you want to trade regardless from which bet (Back or Lay) is matched first, you can disable 'Consequent' button.

The last thing we would like to tell you today is the bets confirmation option. You can control it by 'Confirm Bets' button. By default it is enabled and we recommend leaving it enabled until you will feel yourself familiar with BetMarket Trader. Every time you are making a bet you will see the bets confirmation dialog which is illustrated bellow. It displays all bet details including a stake amount, price, profit and liability. You are able to adjust your stake and price before confirming the bet. Also you can cancel the bet simply clicking 'Cancel' button.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

We are starting the series of tutorials to make it easier to start with our products for beginners. Today we would like to tell the basic steps which you need to know to successfully use our software.

1. Once you have opened BetMarket Trader, you need to configure your Betfair account to get started. To do that, open Settings dialog, selecting 'Settings' from the main menu.

2. You will see Settings dialog where you need to input your Betfair account details. If you are using a proxy for your connection, don�t forget to setup it at the same page. Click OK button and close the dialog.

3. Now you are ready to view markets. Select 'Market' item from the main menu. You will see Select Market dialog which is shown bellow. Navigate through the market tree to find an event. Select it and press OK.

4. Now you can see the market prices and other details.

You can download all our software for free here: http://www.betgrail.com/download.htm. Happy betting!

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Fixed problems related to users from Italia and some other Europe countries.

We've fixed bugs which prevented users from Italian and some other Europe countries to view markets correctly. Also we've implemented other improvements which make our products more stable and reliable.

You can download the updated versions here: http://www.betgrail.com/download.htm.

Special thanks to Federico Cuccio who has reported about this issue and provided all the needed information. Thank you Federico for your help!

We do appreciate all comments about our products. If you have valuable suggestions or any questions, please do not hesitate to contact us.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Being a bookie is a lot like owning a casino. The "house", and the bookie, always wins. That's because most punters do not have access to the sophisticated "market data" that bookies use to determine the odds. You can bet that these bookies are doing their homework because they need to lay odds that guarantee them a profit no matter which way the market is running. You need to have a staff of statisticians in order to perform the kinds of mathematical calculations that top bookmakers like Ladbrokes and William Hill make every minute of the betting day.

Well, now you can be a betting statistician without wearing out your pencil or burning out your calculator!

Introducing BetMarket Scanner from BetGrail Software. BetMarket Scanner is the fastest and easiest way to download and analyze all of the key betting market indicators including prices, runner information, WoM, Last Trade, Matched Volume, and more. And best of all, you don't need an advanced mathematics degree to understand what you're looking at. In fact, you don't need a degree in anything. All you need is BetMarket Scanner and a copy of Microsoft Excel, or equivalent, and you're good to go.

Just fire BetMarket Scanner up and it automatically downloads all of the important betting market data right to your desktop. You simply use the exported Excel spreadsheet to analyse the market and make informed betting decisions just like the bookmakers do.

Most BetMarket Scanner users actually prefer the product to BetFair's own "market watching" tools because it's so much faster and so much easier to understand and use.

It's hard to convey all of the benefits of this software program that empowers you with so many market indicators and information. That why you need to download a copy of BetMarket Scanner in order to see for yourself how easy it can be to start making more winning bets than losing ones.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

BetFair continues to be the world’s favourite betting exchange and for good reason. When you use BetFair you are in a position to make bets with much more favourable odds than the bookies are willing to give you. You also have the ability to spread your bets out quickly and easily to both reduce your risk and increase your odds of ending up having more winning days than losing ones. But even a website as powerful as BetFair is doesn’t make give you the golden winning ticket. You still have to make your best guess and manage your bets yourself.

That’s why so many punters are turning to “betting bots” to help them rake in more cash with less effort. Here’s what betting bots are all about:

Betting bots, also called transactional bots, give you the power to perform real-time analysis of up-to-the-second betting opportunities so you can make intelligent decisions in a fraction of the time that it would take you to come up with a winning betting strategy on your own.

In fact, if you use the right betting bot, you can actually set it up to follow your betting rules and automatically place bets on your behalf whenever it determines that a betting opportunity meets all of your criteria!

It’s for that reason that so many punters are putting their money on BetMarket Trader from BetGrail Software. BetMarket Trader is a fully integrated betting bot that looks and feels so much like the BetFair software that you’re used to that you probably already know how to use it.

Clearly the easiest way to describe BetMarket Trader is for you to think of it as a highly-experienced odds maker, statistician and arbitrage trader that works solely for you. This all-in-one betting wizard is charged with the responsibility of managing your money and risk in order to make more winning trades than losing ones. And the best part is he works for free once you download and register your copy of BetMarket Trader.

Once you have BetMarket Trader on your team, betting becomes less of a gamble and more of a science. In fact, BetMarket Trader uses many of the same decision-making strategies that the best stock trading software uses in order to help investors make more wining trades over time.Either way, users of BetMarket Trader have called it their “legal unfair betting advantage.” I know it’s hard to believe that you can actually tip the betting odds so greatly in your favour simply by using BetMarket Trader. That’s why BetGrail software offers a fully functional 15 day demo copy absolutely free. All you have to do is download your copy of BetMarket Trader right now. Once you see how many bets you’ll be winning, you can register your copy and start making the kind of money you’ve only dreamed about up until now.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

BetGrail Software gives you an almost unfair advantage. Here’s why:

BetFair has been called the fastest and easiest way to place wagers on nearly any game or event you can think of. BetFair gives you a better chance of making more money because the odds are set by BetFair members rather than you being forced to accept whatever odds the bookmakers are offering.

The process is simple on the surface. You simply decide which games or events you want to bet on, choose your price and place your lay or back. If you’re not happy with any of the posted prices you can offer up your own and wait to see if any of the other players accept or match it.

BetFair works a lot like a stock exchange. Members can choose to take all or part of a bet and when the final outcome is determined, the winners get paid and the losers try again. And that stock exchange analogy is exactly why you need to know about the automatic betting “bot” called BetMarket Trader.

Savvy stock investors don’t miss winning opportunities or waste time managing their trades manually. The ones who are looking to make the highest profits depend upon automated trading software to handle all of their buy and sell orders. Well that’s what BetMarket Trader from BetGrail Software is. It’s an automated betting platform that is specifically designed to work closely with BetFair. It does all of the hard work so you don’t have to.

Because BetMarket Trader was designed from the ground up to closely integrate with BetFair, it gives you access to all of the usual BetFair features. In fact, its default configuration looks so much like the BetFair interface that you might think you were actually logged into BetFair if it weren’t for all of the additional features that BetMarket Trader offers.

BetMarket Trader provides you with the same high-quality tools and capabilities that the top stock trading software offers. Sure, it empowers you to either automate your betting or place each bet manually, but that’s just a standard feature that you would expect in any trading bot. It’s where BetMarket Trader crosses the line to being a nearly “unfair” betting advantage that exposes the software’s power to help you win more bets.

One of the biggest advantages you’ll have over the average BetFair member is access to a sophisticated level of “market intelligence” that most punters don’t even know is available to them.

BetMarket Trader lets you analyze these important market indicators:

·        WoM

·        Matched Volume

·        Matched Volume Percentage

·        Last Trade

·        Last Trade Type (Back or Lay)

·        Trade Moving Averages

·        Trades Ratio

Plus, you get the ability to customize your indicators so you can see the data in the way that makes most sense to you.

But BetMarket Trader is so much more than a built-in betting analyst whose job is to reduce your risk and increase your winning ratio. That’s why you need to experience BetMarket Trader for yourself. You can download a fully-enabled trial version of BetMarket Trader trading platform right now for free.

If you’re looking for a legal unfair betting advantage that will increase your odds of coming out on the winning side of more bets than you are now, visit BetGrail.com and grab your free trial copy of BetMarket Trader.

Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.

Hi All,

We offer automated software for betting on horse racing, soccer, tennis and other sports events on the global online betting exchange, Betfair. Forget about manual bet placing; now you can place a bet, trade it out and get profit all in one click.

We created our trading software for online sports betting markets which has a wide range of unique features. You will find it suitable for any trading strategy and betting style. Working on our betting software, we are continuously aware of our goal. This goal is to ease your betting on Betfair, and making it more convenient and successful.

Fully functional versions of our products are available. You can try it during 15-day trial period and choose yourself how it works for you.

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Betfair betting software - Software tools for Betfair trading, arbitraging and statistics.
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