Project to write a fully automated Scalping program for Betfair(repost)

**Project to write a fully automated Scalping program for Betfair** **? ** Requirement I require a fully automatic scalping program to enable a small profit to be taken per race.? This is for my own use and not for commercial resale, however I will be using the betfair API that requires subscription due to the nature of the requirement. ? Programming Language Programming language to use is what ever is quickest. ? Uniqueness The system should be fully automatic and respond to simple trend analysis type calculations. (Which I can help on!) ? Skill Set Using some formula’s I have, I require someone who has good knowledge of the betting exchanges, ? betfair’s API and ideally horse racing knowledge. ? ## Deliverables **Project to write a fully automated Scalping program for Betfair** **? ** Requirement I require a fully automatic scalping program to enable a small profit to be taken per race.? This is for my own use and not for commercial resale. ? Programming Language Programming language to use is what ever is quickest. ? Uniqueness The system should be fully automatic and respond to simple trend analysis type calculations. (Which I can help on!) ? Skill Set Using some formula’s I have, I require someone who has good knowledge of the betting exchanges, ? betfair’s API and ideally horse racing knowledge. ? Methodology The system will have a management module where the parameters for the day would be set.? These would include the target profit per race, the overall daily target to achieve, and the maximum exposure.? These will be small numbers such as £10 per race or £100 per day. ? The system should also have a downside calculation that allows for losses to be within a certain %. ? The program will work on all UK Horse racing as shown in Betfair.? ? The program would automatically get the data for the first UK Horse race of the day and check a number of parameters before even starting, such as how much has been placed on this race in total is it above £100K, if it is the program then continues if not it waits until 7 minutes before the race to see if it reaches £100Kis if not then go onto the next race. ? What is happening is 10 minutes before the official start time the program is collecting and analysing the data it sees (against my statistics) for the favourite of the race (normally the first entry on betfair). 5 minutes before the race start time, the program goes into scalping mode and after applying the statistical formulas starts to place back and lay bets when it identifies a trend to enable a small tick profit.? The system automatically stakes what is required to obtain the race profit and then green book this up across all runners to achieve the race target.? The system might have to place several back and lay bets to achieve the race target.? When this is achieved + or ??" 10% then the system goes onto the next UK race knowing that the profit has been achieved. And the process starts all over again. ? If a loss is indicated the system then minimises the loss and starts again against a known maximum exposure level. ? The program does not work when in play, however if the race is suspended for any reason before race off the system continues when allowed until the official start time. ? When the program has exited from each race (i.e. it has completed the race target) ? it then sends an email to a predefined address to confirm the numbers on this transaction.