The days of bookmakers manually calculating betting odds are long behind us. They let advanced computer programmes do the job for them. After all, the software isn’t prone to mistakes or biases. Instead, it consistently pumps out sharp odds with extreme precision. This only makes it tougher for sports bettors to find any significant edges.
However, a large segment of the global sports betting community is starting to fight fire with fire. Rather than spending time researching and poring through a list of the best bookmakers like those listed at https://legalbet.uk/bookmakers/ to find value and favourable betting situations, they have taken a page out of the oddsmakers’ playbook by using their own computer programmes. These programmes, known as betting bots, are game-changers.
What Are Betting Bots?
A betting bot is essentially a computer programme that follows a script. It is given a specific set of parameters and instructions, and then it automatically carries out the task. In other words, it finds the bets you are looking for and then makes the wager for you. Of course, they perform differently depending on the specific algorithm and which factors they are programmed to analyse. And make no mistake, these bots can dive as deep into the analytics as you want them to.
Are Betting Bots Legal?
Pros of Using Betting Bots
A few benefits of using betting bots quickly come to mind. For instance, you can program a bot to scrape the odds from various online sports betting sites. This allows you to always get the best price which is a huge advantage. This is particularly true for arbitrage bettors who can find the best arbing opportunities in the blink of an eye. Bookmakers really hate this as arbitrage betting costs the bookmaking industry about $14 million per year. They only stand to lose more money as these betting bot proliferate.
Perhaps the biggest advantage of using a betting is that they don’t require any human interaction once they have been programmed for use. This means that your bot can continuously search for the most profitable betting scenarios and place wagers while you are sleeping, working, or just enjoying life. Unlike you, they can run 24/7. You can even have the betting bot provide you with a profit/loss statement whenever you want.
Betting bots don’t have emotions. They don’t go on tilt and they don’t bet with their hearts. Instead, they stick to whatever parameters you set and only wager when a bet meets all of the criteria. They can also make you money on sports that you are completely unfamiliar with. Some bots have 50+ sports in their repertoires.
Cons of Using Betting Bots
The most significant downside to using betting bots is that a lot of bookmakers expressly prohibit them. Many of those that don’t will likely consider banning them as their usage increases. You have to remember that the bookies also have access to advanced technology that can identify bots. While you may be able to get away with it for a while, there’s a good chance that you will eventually get caught. This would almost certainly result in banishment and you may even have your account balance seized.
Another downside is that betting bots can be quite expensive. Then again, the price of even the most expensive bot would be easily offset if you maximised its potential. Paying $250 per month for a betting bot is a drop in the bucket if it makes a professional bettor a few thousand dollars. However, it might be too much for a recreational bettor with a small bankroll.
Then there is the fact that betting bots are not perfect. Using one does not guarantee that you will win every bet. They might make you more profitable, but they are still gambling. One could also argue that they suck a bit of fun out of the sports betting experience. A lot of bettors feel a great deal of satisfaction and pride when they make their own pick and it wins. Don’t forget that sports betting is supposed to be a form of entertainment.
The bottom line is that betting bots can be very useful for some bettors. If you are a professional or an arbitrage bettor, then a bot can be a valuable tool. They save you time, they are extremely efficient, and more importantly, they can make your sports betting more profitable.