USAicon

USA

+1 (917) 257-5023
USAicon

UK

+44 (115) 888-0557
USAicon

India

+91 (141) 490-1100
sales@mtoag.com
Contact Us

Betfair Betting Bot & Betfair Trading Software Development

(Bet Fair)

bet-fair-banner
bet-fair-banners-ss

Industry

Horse Betting

Team

9 Members

Time

4 Months

Platforms

bet-fair-web-page

Overview

A client reached out to us to build an automated betting bot on the popular BetFair application using API to maximise their profits from betting on horse racing by understanding the market trends. BetFair is an application that enables its users to bet on international sporting events. First, we understood how the betting industry works, and then we understood how BetFair works, after which we began solving the problem.

Challenge at the Beginning

Speed of Technology

117all 117all tree_3 10Created with Sketch.
horse-icon

Step 3

60%

Problem

We needed a fast technology to synchronize the source data to our system.

Solution

We used the Node JS as it as an open-sourced JavaScript run-time environment that has the fastest libraries.

We had to run our programs real time during the horse race.

The reason behind using node.js is that we were able to establish a swift and persistent connection between betfair and our algorithm.

We ran our calculations on the given data, but by the time we generated an analysis of the probable winner, the market trends and positions of the race horses altered so our result had no value.

We could run our program with race data and generate results using the latest trends up-to-the-second with more than 99 % of the source data matching with our index.

Challenge of Development

Algorithm with Better
Analysis

betfair-Analysis-img

Problem

The client provided their own algorithm to make betting predictions using the market trend.

  • We could not generate more correct results
  • Our probability was 40-50 % and our formulae was not working as desired
  • We were losing money.

Solution

We used Machine Learning to analyse the real time data of the market trend received in the NodeJS libraries and received better recommendations regarding our bet.

  • Our probability of making a correct bet went from 40-50 % to 85-90 %
batfair-seat-main
milk-conclusion-img
betfair-conclusion-img

This was the first time we were dealing with a client involved in the betting industry. It took a lot of effort on our part to first understand the betting process, rules and then find a solution to the problem of our clients. We first synchronized the betting data and our Index using the speed of NodeJS and improved the accuracy of our predictions using Machine Learning. Thus, we were able to leverage the latest technologies and incorporate their features in the arena of betting to generate maximum profits for our clients without much hassle.

Next Project Champ HR

🍪 We use cookies

This website uses cookies for analytics, personalization, and advertising.

If you continue to use our website, you consent to our Cookies Policy.

Accept

Let’s discuss on something cool together

2500+

Successful Projects

13+

Years in Business

650+

Happy Customers

We have been working with Mtoag Technologies for the past 5 years. They have been a very responsible team from the beginning. They are quick at responding, available whenever we need, and are extremely supportive when there’s a high-priority fix. All-inclusive, IAD can be your best bet for app development.

ethan

Ethan

Let’s discuss on something cool together

Get a perfect quote