Autobet - One-click sports exchange software for winners

At Autobet we've always liked to think of ourselves as innovators and we were delighted to have been voted runner-up in the 'Innovation of the Year' by Inside Edge magazine back in 2004 for our original B1 and Pro software. In order to continue in this vein we've looked to the more mature financial exchanges for inspiration and Autobet LUI takes the best from the leading edge financial interfaces. Most of the financial interfaces now use what's called a DOME system, which stands for Depth Of Market Executor and which allows one-click trading using a ladder interface. We believe that this is the most efficient type of interface for trading and means you'll have much more information available to you to make your trading decisions that bit more accurate. For instance, no other sports trading interface shows you the complete Market Depth, so you can see exactly where the money is lurking outside the top three Bet and Lay positions and no other interface has a 'Q' Position allowing you to keep track of where your bets and lays are in the money queue. But before we describe our Ladder User Interface in more detail just look at the table below to see what LUI offers compared to the rest - STW, Bet Angel and Bet Trader Pro.

Although the other software available all have their merits, Autobet LUI makes trading so much simpler and intuitive that the end result will be more profit. See the screenshots below for the full low down. At the bottom of the page there is also a link to a flash demo of LUI in action.

This is the Settings page into which you put your Betfair Username and Password. This is saved so you only need to do it once. Thereafter when the app is booted up, you're logged in to your Betfair account automatically. No info is sent to our server by the way. On this page you can also setup your Pre-Sets for the 6 Bet or Lay Amount buttons you'll find on the main interface.

1 allows you to set up your PH, or Partial Hedge Percentage. This allows you to 'Go Green' but in a way that will bias you towards one runner. For instance, if you've traded a profit of £100 on one runner whose current price is 5.0, then a normal Hedge would mean you'd Lay that runner for £20 to create a 'Green' profit on all the runners of £20. Clicking the PH button on the main interface will allow you to alter that Hedge Percentage. Say you set it at 50%, this would then mean that instead of the £20 being layed at 5.0, only £10 would be layed, so you'd be 'Green' for £10 on all the other runners and £50.00 on the runner you'd layed.

2 Once you've chosen your market, all the runners appear in the top window. The top line gives the market details and a timed countdown if it will go in-play. A caption appears when the market does go In-Play or is Closed

3 This light flashes with each refresh so you can see when there are any Betfair freezes or problems with your internet connection

4 This window shows you the runners with their 6 normal Betfair price cells. The SP column shows you the number of ticks Spread between the best Bet and Lay prices

5 The Mom column shows the Momentum figure which is simply the amounts available on the Bet side divided by the amounts available on the Lay side. This can give a short term indication which way the market could be heading

7 TTM is short for 'Ticks To Market' and which shows the number of ticks any of your open positions are to the best market price

8 Double-clicking on any selection name will bring the details for that selection into the bottom window

9 The top line shows useful info about the selection such as its Name, the High and Low the selection has been traded at, the Total Amount Matched on that selection, the Percentage of the total market that selection has taken, the size of any New Trade(s), and the Momentum figure

10 These are the Pre-Set buttons you would have set up on the Settings page. Besides the Pre-Set buttons there is also a User-Input box where you can input any amount you wish and click a button to activate that amount. Whichever button is Green will be the currently active Amount when you Bet or Lay

11 The Nett button always shows the amount you need to use to trade-out of a position

12 FOK stands for 'Fill Or Kill' and the input is Time in Seconds. If you activate FOK any bets or lays will be offered for the time you set here and then any unmatched portion will be cancelled

13 The H and PH stand for Hedge and Partial Hedge. These buttons are used when you want to 'Go Green' by equalising either the profit or loss you have built up on that selection across all the selections in that market

15 Activating this will allow you to see the floating graph window for that runner

16 This shows the ladder interface with the full Market Depth so you can see where all the money is available for that selection. There is one caveat to this Market Depth - Betfair do not update this regularly enough for it always to reflect the true state of affairs. We are encouraging them to provide this data as live but at the moment the refresh isn't fast enough. That said, it does give a really good indication of where the money is. Clicking on ANY Blue cell will place a bet (using the activated Pre-Set amount) at the adjacent price and clicking on ANY Pink cell will offer a Lay at the adjacent price.

17 This column shows any unmatched Bets. Any unmatched Lays will be shown in the column next to the Pink column. The cell can be dragged and dropped to anywhere else on the ladder to move it or by clicking on it, it will be cancelled. The red Cancel button will cancel ALL unmatched bets

18 This shows our 'Q' number which keeps track of where your unmatched amount is in the queue to be matched. This is really a 'worst case scenario' in terms of how much money may be ahead of you in the queue. In the above example there is 111 in front of my bet

19 This is a graphical representation of where all the money has been matched for that selection and shows very clearly which prices have traded large volumes. This can say a lot about the nature of that market

20 This column keeps track of the Profit or Loss you can lock in after you have completed one side of a trade. For instance, in the above example, I've already Layed the selection for 50 at 4.8 (you can see the matched amount at 21) in anticipation of the price moving out. After the Lay had been matched the column on the left showed the amounts I would lock in if the price of the selection moved up or down to those respective prices. I felt confident that the price would move out to 5.1 and so I clicked the cell with '15' showing. LUI then Bet the correct amount in order to achieve that profit and you can see the unmatched Bet waiting in the queue. Sure enough the price did move out and I locked in the 15 profit. Eventually I built this up to around 45 with a couple more trades and then Hedged my position for a profit of around 9 no matter which selection won. Not a fortune but a profit none the less. The nice thing about this facility is that LUI makes all the calculations for you, no matter what your position is. All you need to do it to click on the respective cell. When the market is volatile there often just isn't enough time to do the calculations yourself. With LUI, its just click and go

1 This is the main price graph which shows the Bet price in Blue, the MA (length of which is set up on the Settings page) in Red and a Green envelope. This envelope is a standard Bollinger Band envelope for those who are familiar with financial graphing packages

2 This shows Traded volumes which is extremely useful in guaging which way the price is likely to move

3 This is a standard MACD graph which we're experimenting with. I've had a lot of success using the MACD trading financial instruments so I'm trying it out with Betfair markets. This may or may not be useful !!

Because I believe Volume to be an under rated and highly important element in Betfair markets I'm currently working on a Candlestick version of the above graphs which, when used with Volume, should provide some very useful directional information. It's early days when it comes to graphing Betfair markets so we're still feeling our way to see which indicators do and do not work. Bear with us. What you can be assured of though is that we're experimenting all the time and will being out upgrades when we find something significant

We believe Autobet LUI (which we pronounce 'looee') is a great step forward in sports exchange interfaces. Of course it won't be for everyone but for active traders it has some great features which will enable you to maximise your own trading ability

All this for just a one-off payment of £250. No monthly subscriptions or added costs. And for current Autobet users we've got some even better deals. For B1 users LUI is £200 and for Pro users LUI is only £50. Click on the respective PayPal buttons below. Once payment has been made and the database checked we'll send you the install link

For current B1 users buy with this button

For current Pro users buy with this button

Click here for a brief flash demo of LUI, including my somewhat rambling commentary !!

It is recommended that LUI is only used with a broadband internet connection