The most serious drawback of trading is, by common consent, the time commitment.
So it’s not surprising that there are stacks of tools in the marketplace aiming to reduce the effort required.
And yet one thing has always puzzled me.
The single most heavily traded strategy, as used on Betfair’s most popular sport, has never been automated.
Yes, that old chestnut, Lay the Draw at soccer, has remained a manual method ever since its birth seemingly minutes after Betfair was inaugurated in 2000.
Now my guess is that the hours spent watching twenty-two millionaires chasing a ball around are not, for many football punters, generally regarded as a waste of time.
So maybe that’s why nobody ever thought to produce a bot to lay the draw automatically.
After all, if punters are happy watching the game…. Why bother?
At least, that is, until now. For Winningmore have taken the plunge.
Welcome then to my new trial of the Lay the Draw Bot.
No, it’s not déjà vu all over again.
I really am kicking off a trial of a new betting bot from Winningmore.
But this time it’s nothing to do with horse racing or their intriguing Steamer Drifter Bot. Though it looks quite similar, and has surely been produced by the same programmer.
This one is all about mass-trading of the beautiful game. With the emphasis being on completely ignoring its beauty, and instead trading as many matches as possible, even when you can’t be at your computer.
This is industrial football trading.
Oddly, the video recommends no particular LTD strategy.
You have to come up with all your own rules: though there are some hints in the design of the thing that, for instance, you may wish to cover the 0-0 outcome.
But the point of this product isn’t to teach you how to trade football matches.
Instead, it appears to be aiming at two less ambitious goals.
- It allows you to trade a lot of games, in parallel, or even when you’re not at your computer.
- It helps you enforce a consistent set of trading rules – so emotions don’t cloud your judgement.
Interesting stuff – but it does leave your triallist with a slight problem!
I’ve got to decide on what trading rules to follow….
…but if I lose money, does this mean the trial has failed or not!?
Personally, I’m not a huge fan of covering the 0-0 outcome, as I find it can become too expensive.
I’d prefer to start with even-looking matches where goals are likely (Greater than 2.5 Goals priced below Less than 2.5).
However, the bot doesn’t allow me to test the Goals markets…. so I will have to pre-filter my matches before selecting them as trades.
I have no idea how all this is going to go, but I am intrigued.
I’ll be back in the New Year with my first report.