At the weekend I finished a cross market arb bot between betfair and betdaq. A beautiful bit of kit, it places bets, and rebalance the books should any bets get missed. I was not sure how many outright arb opportunities there would be, I actually have something slightly different in mind for it but Saturday was the first time i ran it properly.
I completely had my ass handed to me. When i say handed to me, i mean with ribbons. I now have my answer to why no one will touch the arb bot projects on rent a coder. Im only using the free betfair api at the moment and you dont stand a chance of lifting anything unless you're doing sub second calls. I'd like to know where the floor is where you can start making money, all i currently know is its not a 1000ms. It ran for about 2 races and managed to completely execute 2 of 26 opportunities. The rest were partial or completely unmatched in both markets. This was not totally unexpected but if you're thinking of doing something similar, make sure you wear your big boy pants because the people you're playing with are good at what they do.
Im sure that at least one of you is responsible for all of this, all i can say is touche.
