Another bot request, and this one I can actually tell you about…. So, there’s lots of theories and strategies around what to do and how to bet with steamers (or drifters) and even a website or two dedicated to the subject. A client approached us with a specific requirement on the subject – because he worked during the day, he wanted a system that would look at the price movements of all horses in a race between two set points of time. The system would then select the one with the greatest movement (so long as it was within a set odds range) and put a bet on automatically – this could be in the win market, place market or split dependent on the odds. If it did this on every race in the day without human input, he was free to go to work all day and come home to see how much he’d won.
We gave the client a few options with regard to pricing, dependent on whether he wanted to commercialise it alone or with assistantance, or as a total package. He opted to go for a joint-venture approach whereby he paid much less up front, we’d do the selling legwork, and we split the returns. Steamerbot is due for release in January 2012 and we are really excited about it. The core structure of the bot has been done and it’s already generating returns. We’ve only been using 10p stakes but as you can see from this graph +15pts in half a day is pretty good going….
Keep an eye out for its launch. If you don’t want to miss it the easiest way would be to sign up for JetBet (which is an awesome piece of free Betfair software anyway) and then you’ll be at the front of the queue to hear about it.