When it comes to fast trading on the two major betting exchanges Betfair and Betdaq, you will need an API program. An API program will give you an alternative user interface to the web site of the betting exchange. Instead of using your web browser, you will be running a real Windows program. This program will refresh prices a lot faster than the web site, and it will typically also have a so-called ladder interface for quickly placing the bets at the right price in the market.
For all intents and purposes, there are two major contenders in the market for API programs: Bet Angel and Geek's Toy. Geek's Toy is also known as AGT Pro, but that's mainly a name designed to put it first in the listings.
The two programs have a lot in common, as they both
* Are written in Microsoft .NET for Windows.
* Have a paid subscription model.
* Have a free Betdaq version. (Sponsored by Betdaq.)
* Come with a forum, which is moderated for comments about competitors.
* Offer ladder trading.
* Offer charts to a certain extent.
* Have a practice mode, where real money is not used.
But there are also some important differences between the two.
Bet Angel, which is the older of the two programs, has the following characteristics
* Offers Excel integration and automation.
* Costs GBP 60 for a 3 month subscription, GBP 100 for 6 months. †
Geek's Toy was launched in October 2009 as a free tool originally, and offers the following
* A very fast and configurable user interface.
* Easily handles having multiple markets open at the same time.
* Costs GBP 20 for 3 months access, GBP 30 for half a year. †
† The prices are accurate as of 29th of March 2013.
So which program should you choose? It all depends on what you want to achieve. If you want to do fast, efficient manual trading, you should start by looking at Geek's Toy. If you are more into automated trading and Excel integration, Bet Angel is the first choice.
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