One click trading - free program coming soon

Contains all messages from 'One click trading - free program coming soon' thread on Betfair's General Betting forum. Archived on 19/11/2005.

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Postby GaryRussell » Tue Apr 12, 2005 8:43 pm

Originally posted by: Gambler Steve
Layit you're a true gent and I'm sure I speak for all of us I when I express my thanks for your work and the effort you're putting in to developing the application.

I'm currently a Java and .Net developer working in the finance industry. I'm also a qualified LSE trader with a masters in game theory (lots of probability). It looks like you've got the programming sewn up, but if I can be of assistance with any of the maths or specifics of the trading functionality (as that's primarily what I program for the big boys in the options markets) then feel free to ask. I just feel I should be giving something back in exchange (no pun intended) for all your work. I'm sure you know what you want to build and how it'll work, but I thought I'd offer.

Keep up the great work mate.
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Postby GaryRussell » Tue Apr 12, 2005 8:48 pm

Originally posted by: LayItYouMug
Thanks Gambler Steve. I may have to take you up on it
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Postby GaryRussell » Tue Apr 12, 2005 8:56 pm

Originally posted by: Snake Plissken
Gambler Steve

How will it work if say 500 instances of the program are out there all using the same "trading functionality"?

Unless you mean jsut mechanics rather than analytics of course.
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Postby GaryRussell » Tue Apr 12, 2005 8:57 pm

Originally posted by: gus
As an API user (and payer), I find it difficult to understand the problems and conspiracy theories on recent parts of this thread.

The transactional API subscription is £200 per month.

Lots of people on this thread have expressed a willingness to donate money to LayIt in appreciation of his efforts.

So, if users of LayIts application can collectively raise £200 per month between them they can then give it to LayIt and he can make a Betfair approved API application available for free.

This will have numerous advantages:

1) LayIts application will be `future-proofed`, i.e. it won`t be vulnerable to changes made to the Betfair web-site

2) LayIt`s application will not be open to accusatations of slowing the website`s servers with hundreds of people refreshing at 1 second intervals ... (dunno whether it does or it doesn`t, but the accusation will be made)

3) Betfair will get an extra £200 per month ... not to be sniffed at in these hard times !

Many of the people, (including me) who now use the Betfair API used to run `web-skimming` applications similar to LayIts, but chose to rewrite their applications, and pay for and use the API, in the interests of stability of their applications, respect for the efforts BF have made in producing the API, and, yes, the potential marketability of their products.

That`s not to criticise `skimming` applications, just to set a context.
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Postby GaryRussell » Tue Apr 12, 2005 9:14 pm

Originally posted by: luckylucas
Keep it up Layit, this is looking like a great tool, now I don't know much of the API but as has been stated I'm sure people will be willing to pay if that is the way it needs to go to be a stable long term program.

Lets see where we can take it first though, with our collective needs and ideas I'm sure we (You) can make this fantastic tool even better!
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Postby GaryRussell » Tue Apr 12, 2005 9:15 pm

Originally posted by: LayItYouMug
Just found a bug. When you open a new page and then close it the page remains in memory and is still refreshing! Sorry, I had no idea that was happening. I will fix it tomorrow.
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Postby GaryRussell » Tue Apr 12, 2005 9:18 pm

Originally posted by: FOIM
LayItYouMug,

I was using the version before 0.86.

I installed 0.86 in never worked so I uninstalled and then got home from work and tried version 0.87.
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Postby GaryRussell » Tue Apr 12, 2005 9:27 pm

Originally posted by: LayItYouMug
FOIM. Sounds like you cannot use it since I changed the refresh code. I don't know why it's not working for you at the moment. I'll have a think. Is anyone else having the same problem?
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Postby GaryRussell » Tue Apr 12, 2005 9:35 pm

Originally posted by: FOIM
OK thanks for that, weill keep my eye on the thread.

Cheers again
FOIM
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Postby GaryRussell » Tue Apr 12, 2005 9:39 pm

Originally posted by: luckylucas
LayIt working well for me the refresh is excellent now, I see what you mean about the new page but doesn't cause much of a problem. No other problems yet I been running with 3 markets and its been very efficient.
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Postby GaryRussell » Tue Apr 12, 2005 9:41 pm

Originally posted by: Gambler Steve
Well Layit the offer stands, if I can help then I'd be glad to.

Snake, the effect that any trading functionality will have on the markets themselves will be dependent on a number of factors. Primarily of course, what Layit will build. Until the functionality reveals itself it's impossible to say what, if any, impact the app may have.

I believe there were numerous discussions on the effects of autotrading when x-bot was released. Arguably there hasn't been a lot of change in market conditions due to x-bot itself. Obviously this has more to do with the fact that it doesn't actually work than anything else.

I guess we should just wait and see.
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Postby GaryRussell » Tue Apr 12, 2005 9:43 pm

Originally posted by: saktigb
Lucky

Can you explain to me how I mighjt go Dutch on the place market, I cant quite work it out yet.
Either reply on here or at my name @ h mail . com
Thanks
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Postby GaryRussell » Tue Apr 12, 2005 9:48 pm

Originally posted by: LayItYouMug
Trading mode will be like the dutching option, it will just do calculations to show you what profit you can lock in either way or on straight win or lose. It will not attempt to auto trade, I don't want to go there! I will add things like a stop loss later, but I still envisage someone monitoring it.
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Postby GaryRussell » Tue Apr 12, 2005 9:57 pm

Originally posted by: The Evil One
saktigb

Bring up place market
Tick the dutch box next to the horses you want
It will tell you how much it will cost next to each horse selected(ignore any amounts next to unselected horses)
When enough money is available in in the market the dutch button will light green , press it and you're on
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Postby GaryRussell » Tue Apr 12, 2005 10:02 pm

Originally posted by: saktigb
Thanks, is that for win or lay or both?
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