Backing on an increased matched volume

Description

The core idea of these triggers is to back on selections whose volume increased significantly over the specified period of time. The rest is adjustments for different types of sports and situations.

The triggers monitor all selections in a market (teams in football, horses in horse racing, greyhounds, etc.) and remember every one whose matched volume (the amount of money traded on them, in your currency units) has increased by a set amount over the set period of time. So, for example, if £5,000 or more was matched on any of them over 1 minute, it will qualify for a bet.

By the predefined time before the start of the event (or after the event, depending on your settings), the triggers place back Dutching bets on all qualifying selections.

Why would you want to bet on such selections? Because volume is a proven measure of bettors' enthusiasm towards a market participant: the greater the volume, the stronger the signal. In other words, someone knows something if they decided to pour their money into a particular selection, so why not try and join them?

Triggers

Download the trigger file.

Here is a bunch of settings for you to play with:

bet_size Bet liability (the maximum spend per market)
min_vlm_increase_abs Minimum increase in volume, in your currency units
increase_time Time (in minutes) over which the volume must grow
mins_before_start The latest time (minutes before the start) for a bet (can be negative if you want it to bet in-play)
min_price Minimum price of the bet
max_price Maximum price of the bet
min_rank Minimum rank to back on
max_rank Maximum rank to back on
min_qlf_number Minimum number of qualifying selections to back on. Choose the number of selections over which you want to spread your risk.
bet_inplay 1 - the triggers can bet in-play, 0 - no bets in-play

Triggers in Action

The triggers are looking for spikes like these:

And then back on all qualifying selections:

Backing on selections with increased volume

You can bet in win or place markets alike, in horse racing, greyhound racing, football, tennis, etc. Obviously, you'll need to adjust the min_vlm_increase_abs to reflect what is considered a spike in different types of sports, depending on typical market liquidity.

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