Backing on an increased matched volume
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?
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:
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.