How to create a rule
Robo Bet allows you to create rules that bet automatically for you when the conditions of the rules are met.
Rules will then continue to run for all future races or matches until it is stopped.
Here are some examples to help get you started.
Back Real Madrid on all matches where they are playing at home.
Bet for a stake of $5 at any odds.
Bet every 12 hrs.
Back the favourite greyhound in every race.
Bet for a stake of $5, a minute before the race.
Lay all horses that are less than $1.20.
Bet 1 minute before the schedule time to win $5.
Back all EPL matches on the home team if they are the favourite.
Bet every day at 2am for a stake of $5 each bet.
For back bets, the stake entered is the amount you will lose if the bet loses. For lay bets, the stake entered is the amount you will win. More information on backing and laying definitions can be found on Betfair's website: https://www.betfair.com.au/hub/category/education/betfair-basics/
Bets will be placed if there is available liquidity at the odds requested. If there is a partial amount, then only the amount available will be matched. The remaining amount will be placed in the queue. If you wish to cancel any unmatched bets, then you should do so via the Betfair website.
When setting a rule to bet before the scheduled start time, Robo Bet will use the scheduled start time of the event as set by Betfair for that particular event. This means that the actual event may not necessarily start at this exact time.
Only bets placed will count toward your monthly quota for allowed betting volumes. For back bets, it is the stake entered. For lay bets, it is the amount you are liable for, should you lose your bet. For example, if you lay a runner for a stake of $10 at $1.50 odds, your liability is $5 should that runner win. Therefore, $5 will be added toward your monthly betting volume.