Project Instabet

Overview:

We developed an innovative Betfair trading bot that allowed users to automate their betting strategies and execute trades seamlessly through the popular messaging platform, Telegram. By integrating with the Betfair API and leveraging the power of Telegram's bot framework, we created a user-friendly and efficient solution for sports betting enthusiasts. The bot provided users with real-time market data, customizable betting strategies, and the ability to place and manage trades directly through Telegram messages. With this cutting-edge tool, users could capitalize on betting opportunities, minimize manual intervention, and potentially maximize their returns in the fast-paced world of sports trading.

Deliverables:

1. A robust and secure Betfair trading bot with Telegram integration
2. Seamless connectivity with the Betfair API for real-time market data and trade execution
3. Customizable betting strategies based on user preferences and risk tolerance
4. Intuitive Telegram commands for placing trades, managing positions, and receiving updates
5. Real-time odds comparison and best price selection across multiple markets
6. In-play betting capabilities for live events
7. Comprehensive trade history and performance analytics accessible through Telegram
8. User account management and secure API key storage
9. Detailed documentation, including user guides and strategy tutorials
10. Dedicated support channel and ongoing maintenance for optimal bot performance

Timeline:

The project was executed in five phases over a period of 5 months:

1. Phase 1 (3 weeks): Requirements gathering, system architecture design, and Betfair API integration planning
2. Phase 2 (8 weeks): Development of the Betfair trading bot, Telegram integration, and betting strategy implementation
3. Phase 3 (3 weeks): Thorough testing, bug fixing, and performance optimization
4. Phase 4 (2 weeks): User onboarding, documentation creation, and support infrastructure setup
5. Phase 5 (4 weeks): Beta testing with select users, gathering feedback, and final optimizations

Technology:

• Programming Languages: Python, JavaScript
• Frameworks and Libraries: Flask, Node.js, Betfair API-NG Library, python-telegram-bot
• Database: MongoDB
• Hosting and Deployment: Google Cloud Platform (GCP), Kubernetes
• Security: API key encryption, OAuth 2.0, SSL/TLS
• Monitoring and Logging: Prometheus, Grafana, Fluentd, BigQuery

Success Metrics:

1. 500 active monthly users within the first 3 months of launch
2. 95% user satisfaction rating for bot usability and performance
3. 60% user retention rate after the first 2 months
4. 30% month-over-month growth in trading volume

By delivering a powerful and user-friendly Betfair trading bot with Telegram integration, we revolutionized the way sports betting enthusiasts interact with the Betfair exchange. The bot's seamless integration with Telegram, customizable betting strategies, and real-time market data empowered users to make informed decisions and execute trades efficiently. The project's success, measured by user adoption, trading volume, and user satisfaction, showcased the bot's ability to simplify the complex world of sports trading and provide users with a competitive edge. The Betfair trading bot not only enhanced the user experience but also contributed to the growth and accessibility of the sports betting market.