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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Wed Apr 18, 2012 12:38 pm 
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Nooooooo !!!!
I lost my (almost finished) bot !!

Why am I posting this here ?
Because I lost it because of the f***ing monkeys I was talking about in the first posts !

One of them stole my bag, with my USB keys with copies of it.

Some days later, my hard disk crashed... And of course, I didn't back up my bot during this time...

Mankind, I HATE you.

I've learned a lot in 2 years, and I don't surrender, I'll make it again better (with more backups...)


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Wed Apr 18, 2012 11:00 pm 
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Quote:
Nooooooo !!!!
I lost my (almost finished) bot !!

Feel your pain dude...

Quote:
Mankind, I HATE you.

... even though you hate me ;)


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Fri Apr 20, 2012 5:33 am 
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@psion I have some bad news for you...
1. the Ideas about segregating states... Nevada state legalized online poker, the district of Columbia legalized online poker, & then the district of Columbia made it illegal again. Still, I hope you turn out to be right on this one.

2. about the US legislators: (sadly) Barney Frank announced is retiring this year, & the incompetency of the US government is growing, and fast. (fun fact, last week the state of Wisconsin repealed the law guaranteeing equal pay for women)

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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Fri May 11, 2012 8:02 pm 
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Northcroft wrote:
@psion I have some bad news for you...
1. the Ideas about segregating states... Nevada state legalized online poker, the district of Columbia legalized online poker, & then the district of Columbia made it illegal again. Still, I hope you turn out to be right on this one.

2. about the US legislators: (sadly) Barney Frank announced is retiring this year, & the incompetency of the US government is growing, and fast. (fun fact, last week the state of Wisconsin repealed the law guaranteeing equal pay for women)


Yeah, everything I've heard about legalization in the US is that it's very very far away. There might be some states which legalize it, but if they do it will be intrastate only, so you'll have to have an address within that state. In addition, a good number of the states investigating this (like Iowa, for example) are thinking of making the rake so ridiculously high it will be impossible to be a profitable player. Interstate legalization is years away (3+)


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Wed May 23, 2012 1:57 pm 
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I really don't get what's going on with the US of A. There's so much money the country could make in taxes and they just come to grips with it. :xx04


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Thu May 24, 2012 11:53 pm 
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PokerAIrtist wrote:
I really don't get what's going on with the US of A. There's so much money the country could make in taxes and they just come to grips with it. :xx04

there's also so much money they are making from live gambling taxes that they don't want to risk loosing, i guess.


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Sat May 26, 2012 9:29 pm 
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FWIW, it took me 8 years to find a winning strategy on the betfair sports betting exchange that is >= my salary. I've got a reasonable HU poker AI but rarely use it because poker is massively resource hungry in comparison to sports botting (i.e. I can easily run 20+ bots on a basic VPS with 256Mb RAM and 10Gb HDD). And the most ironic thing of all is that I coded my best sports betting strategy in a single evening! It's < 200 lines of code, excluding the boiler plate. I have other strategies that are thousands of lines and nowhere near as profitable. Go figure... :roll:

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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Mon May 28, 2012 1:24 pm 
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birchy wrote:
FWIW, it took me 8 years to find a winning strategy on the betfair sports betting exchange that is >= my salary.


If you have a winning strategy the more you bet the more you win so I don't understand this sentence.


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Mon May 28, 2012 7:23 pm 
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LOLWorld wrote:
birchy wrote:
FWIW, it took me 8 years to find a winning strategy on the betfair sports betting exchange that is >= my salary.


If you have a winning strategy the more you bet the more you win so I don't understand this sentence.
It's not possible to increase the bets without any limit, you need always to have the opposite side as well, so if nobody is willing to lay 100k you can't back 100k either even if you could have such a bankroll.

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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Mon May 28, 2012 9:21 pm 
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TooMuchCoffee wrote:
LOLWorld wrote:
If you have a winning strategy the more you bet the more you win so I don't understand this sentence.
It's not possible to increase the bets without any limit, you need always to have the opposite side as well, so if nobody is willing to lay 100k you can't back 100k either even if you could have such a bankroll.

This is true. Also, it is wise not to get too greedy because big bets get noticed a LOT more than small ones.

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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Sat Jun 30, 2012 11:15 pm 
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I never tried but wonder: Is fully automated arbitrage betting/surebetting with random bookies + betfair worth the trouble nowadays? With bookies limiting you and other bots around?


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Sat Jun 30, 2012 11:31 pm 
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AsusXQZ wrote:
I never tried but wonder: Is fully automated arbitrage betting/surebetting with random bookies + betfair worth the trouble nowadays? With bookies limiting you and other bots around?

Bot's are allowed on the Betfair exchange... do they do any limiting?


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Sat Jun 30, 2012 11:56 pm 
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Im not into it.
But i think they dont have anything against bots because
1. players bet against players, they get their commision anyways
2. they even offer an API


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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Sun Jul 01, 2012 7:27 am 
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AsusXQZ wrote:
But i think they dont have anything against bots because

From Betfair T&C: "You should be aware that some customers make use of programs designed to automatically place bets within certain parameters set by them (e.g. to back or lay at a certain price) (“bots”). These bots may be active in any or all Markets at any time and you should not assume that you can place bets on quiet Markets that will not be automatically matched simply because the Market otherwise appears quiet. Additionally bot users should be aware that bots might be prone to exploitation by other customers."

IMO that pretty clearly spells out their attitude towards bots, which is obv that they approve them.

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 Post subject: Re: Why the hell am I making a bot ??
PostPosted: Fri Jul 06, 2012 10:11 pm 
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Of course Betfair approve of bots for sports betting. They provide (and actively promote) the use of their API to create bots and other trading/betting tools. Most of the betting markets are kept alive by bots and traders. The whole setup is basically an equilibrium where the only consistent winner is betfairs' commission.

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