Hi, a newbie and trying to automate some triggers elsewhere on this site. The reason for this post though is to discuss timing of bet placement in horse and greyhound racing and to hear others thoughts.
I've always found the biggest downfall of bots is the need for a rigid time to place bets. As we all know the actual time a race starts is far from rigid
I live in AUS, am a pro bettor, and work the local market from 12:00 lunchtime to 9:30pm each day. During the week many market pools never reach more than $1500. You virtually have to watch every race live and watch for the last horse or dog to go into the barrier to see how much volume has been traded, and if over your threshold snap a bet on. My betting is price/vol targeted, not Form/Ratings based. It's those extra 10 secs for another market refresh that can make all the difference, with a selection's price having a sudden reversal or such like, that gives me an edge.
I've always said that the ultimate bot would be time intuitive, sensing when the start will be about to start. Solve that problem, software developers, and you'll be on a winner. You can back test systems based on last matched prices, but the reality is never that easy.
I'd be interested in any views of how others cope with this scenario?