Hello guys,
I have been trying to figure out a solution to implement. I need a trigger that notifies me (no bet placed) when there is some minor/major movement in a market/selection/. I am going to use it for arbitrage with other bookmakers. The idea is that the price moves first at
BetFair compared to the bookie I use. The problem is that right now I have to compare odds manually by myself, it is daunting task with some questionable result. I like this to be automated. Any ideas and suggestions are welcomed. Here is the idea
1. All bets will be placed Before kick-off. No in-play!
2. Major soccer games only *Premiership, Bundesliga etc. - I need to follow up to 30-50 markets daily. Only Match odds markets - 100-150 selections in total.
3. When there is some minor/major Leap / tick movement (doesn't matter up or down) in ANY of the Markets/selections added - Notification
I figured that I shall use MF in Full mode. And here are my doubts - I am not quite sure which price differences / periods of time to use. I have to choose (0.5, 1, 2 min) by default. I am thinking more of a 0.5, 2 and 30 minutes. Short time for the knowing of the beginning of the action and long time to be sure that the market is interesting and not completely settled at equlibrium. (fair price are achieved).
It should be something like : 1 STEP If there are > 2/3 ticks ( price difference) movement for 0.5 minute interval - Notification AND
2nd Step - the longer period - 1 minute the price different is bigger than that in the first step. (4-5 ticks).
I hope you get the idea. Thank you !