Betting Exchange Bots
Betting exchanges are a fairly new addition to the betting world. New as they are they have already revolutionized the world of gambling. Gambling is now no longer merely a game of chance usually frowned on but has turned into another risk market. More reputable and of course still profitable.
Betting exchanges are P2P platforms (Person to Person) since it allows punters to take a position on an event, place your bet, and then wait for another punter to bet against you. This is profitable for punters since they don’t need to place bets with or against bookmakers who always win in the long term due to their vast knowledge and experience. Betting exchanges also allow you to buy and sell bets. The prices of the bets fluctuate depending on factors that influence sporting events. Betting exchange traders who are savvy enough to note these factors and track and predict the direction of the market can and do make huge profits.
To help those who are less market savvy but still want in on betting exchanges, software companies came up with betting exchange bots. The usual task of a betting bot is to scan programmed events at regular intervals and check the bet prices. The bots then analyze the data, calculate odds, and give ratings. Some bots can even hedge, arbitrate, and trade markets automatically. Some betting exchange bots also feature market forecasts.
Like bots of any kind, betting exchange bots are creating a stir. Many people are threatened and see betting exchange bots as cheats that are taking over the betting exchange market. Betting exchange bots are being accused of stealing the value from punters. This accusation is however unfair since as mentioned earlier the primary task of most betting exchange bots is to merely scan for price updates and calculate odds and ratings. Bots are very useful and with some even created with the consent and assistance of betting exchanges. Betting exchanges after all use betting exchange bots to offer additional services like daily system sheets that display the current live back and lay prices. The live prices are updated real time thanks to bots.
Even with bots that buy and sell bets automatically punters shouldn’t be alarmed that bots will run over the market. After all though there might be quite a number of betting exchange bots active in the market at the same time these bots scanning the same events will have to “fight over” a bet of good value. It doesn’t matter how many there are because only one will win and be able to buy the bet.
There are a few problem bots though. These bots can cause chaos in an exchange by overloading it. This happens when a bot is programed to scan an event many times at very short intervals. Because of this human punters could not keep up with the pace and are unable to get value bets since the bots get to snap up all the bets. Exchanges need to counter this problem by setting up a system that detects bot activities like this and block such bots from entering the market.
Please visit our software directory for more information on betting exchange bots and other betting exchange software.
Technorati Tags: betting exchange bots, betting exchange market, betting bots, punter, P2P, market forecast, market trader
Written by BettingBots on September 16th, 2006 with
2 comments.
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