Source fees are the fees that are paid to a source owner by followers. These fees are debited from the follower's smartbet.io balance and credited to the source owner's balance.
A source is a stream of picks. When a pick is submitted to smartbet.io the system generates orders that are then retrieved by the bots that follow the pick's source. Depending on a number of factors, an order will either be successfully automatically executed and result in a successfully placed bet or it will fail with no automatic bets placed.
There are two types of source fees and they can be used either individually or combined:
Source fees examples:
Free to follow source without any source fees
1.00% of stake
A pick will result in 1.00% source fees if the corresponding order is successfully executed (successfully placed bet). A successful order execution for 100 EUR will result, for example, in 1.00 EUR source fees. A 100 EUR unsuccessful order execution (no bet) will result in 0.00 EUR source fees
0.10 EUR on order retrieval
A pick will result in 0.10 EUR source fees, regardless of bet stake or order execution success
0.10 EUR on bet placement
A pick will result in 0.10 EUR source fees if the corresponding order is successfully executed (successfully placed bet) regardless of stake
0.10 EUR on order retrieval + 1.00% of stake
A pick will result in 0.10 EUR source fees, regardless of bet stake or order execution success. Additionally, there will be a further 1.00% in source fees if the corresponding order is successfully executed (successfully placed bet). A successful order execution for 100 EUR will result, for example, in 1.10 EUR source fees. A 100 EUR unsuccessful order execution (no bet) will result in 0.10 EUR source fees
0.10 EUR on bet placement + 1.00% of stake
A pick will result in 0.10 EUR source fees if the corresponding order is successfully executed regardless of bet stake. Additionally, there will be a further 1.00% in source fees if the corresponding order is successfully executed (successfully placed bet). A successful order execution for 100 EUR will result, for example, in 1.10 EUR source fees. A 100 EUR unsuccessful order execution (no bet) will result in 0.00 EUR source fees
Smartbet.io is the first and most advanced betting automation platform that facilitates automatic bet placement, grading, and record-keeping for picks originating from a virtually unlimited variety of sources.
Bet placement fees depend on book used and type of bet (auto/manual), specifically:
Pinnacle/Asians: 0.25% of stake
Bet365/Euro books: 1% of stake
Pinnacle/Asians: 0.10% of stake
Bet365/Euro books: 0.40% of stake
Fees are charged from your smartbet.io balance. You can deposit and withdraw from your smartbet.io balance with Paypal, Neteller and Skrill. All your financial transactions are available online in real time at https://smartbet.io/pages/my-transactions
Note that these are the smartbet.io bet placing fees. Depending on the tipsters/sources that you are following you may incur additional fees charged and decided directly by the source owner/tipster. Tipster fees or premium fees for externally supported sources are clearly displayed when adding a source to your bot. Smartbet.io collects these fees on behalf of tipsters and pays them off 100% to them. Any price increases in tipster/premium fees will take effect in 7 days after initiated by tipster and you will be informed with multiple emails during this period for any pending price increases for tipsters that you are following.
Download the latest version from https://smartbet.io/pages/bot-download
Run the downloaded installer and follow the instructions. After the installation is finished, you can start the application by running the file sbiobot.exe which is located in your installation folder.
Close the application (a PC/VPC reboot is also strongly recommended) and then run the downloaded installer. Select your existing installation folder as the installation folder. After the installation is finished, you can start the application by running the file sbiobot.exe which is located in your installation folder.
Note: All your application data like botid, settings, usernames, passwords, orders, etc, are stored in the encrypted files "config.cfg" and "config.cfg.bak", which are located in your installation folder. Deleting these files will also delete all your settings.
Downloading and installing the application constitutes explicit acceptance of the most recent version of our terms and conditions.
The fundamental principle in designing the application was to eliminate any possibility of unwanted behavior and multiple security features have been implemented to ensure this. Additionally, a variety of filters are in place to ensure that each pick is proactively checked for mistakes and that common types of errors are either corrected or result in pick rejection.
Your personal data, such as usernames and passwords are stored in the encrypted file “config.cfg” in your local hard disk and they are only used for making the connection to your bookmaker accounts, or your email provider. These data are never transmitted to any other party. Your bet details are encrypted and then stored in smartbet.io’s database and are accessible only by you through a SSL connection to the www.smartbet.io website. Finally, all network connections that the application makes are strongly encrypted.
Please consult the following table for a conclusive list of all sports and markets supported per bookmaker:
There are 2 categories of sources that can be automated through smartbet.io:
These are externally supported tipsters/sources that email their subscribers directly, such as blogabet.com, pyckio.com, betadvisor.com and many more. The bot will scan the mailbox that emails from these sources are delivered to, will read and process all emails that contain picks or pick notification from the tipsters that you are following and place the corresponding bets according to your settings. The full list of supported external services is available at https://smartbet.io/pages/external-tipsters.
NATIVE SMARTBET.IO SOURCES
All smartbet.io members can submit picks that other members can follow automatically. Smartbet.io sources are prefixed with smb. in the bot's tipster/source add dialog box and the full list is available at https://smartbet.io/pages/tipsters. Since all picks are distributed to followers through the smartbet.io platform, there is no need to setup access details to an email account if you are only following smartbet.io sources.
The bot will run on any Windows virtual PC or server. In fact, this is the recommended setup for most cases.
You can create one or more virtual PCs at https://smartbet.io/pages/myvirtualpcs. VPCs are specifically designed for running your bot and cost 0.50 EUR per 24 hours.
Alternatively, you can get a Windows VPS from any other provider but you will need to make sure that the provider that you choose is using IPs that the bookmakers that you intend to use in your bot accept connections from.
You can run unlimited bots under the same smartbet.io account. For each bot you will need a separate PC/VPC and a separate BOTID.
A BOTID is issued in a specific currency that must match the currency of the bookmaker accounts that it will be used with.
Every user receives his original BOTID via email after registration, but more BOTIDs can be requested freely.
Although running your bot on your home PC or laptop is fine for occasional use, it is strongly recommended to use a VPS/VPC - particularly if you intend to have the bot running unattended for long periods of time.
Home PCs may reboot unexpectedly due to software updates or other issues, network connectivity is often unstable particularly with wifi networks, while cost of electricity for keeping a PC on 24/7 may be high. For all these reasons, a VPS/VPC is more a reliable, efficient and cost effective option.
Contrary to most pick verification platforms, picks submitted in smartbet.io are verified against market and price availability at the moment that a bet is placed. This means that a pick submitted will be recorded only if at least one following bot manages to place the corresponding bet at the same book and with the same or better price. Specifically, the data reported by the first bot that manages to successfully place a bet on a pick will be used to record the pick to the tipster's profile. If, for whatever reason, no bets are placed by any of the following bots or the taken price is lower than the advised price, the pick will not be recorded.
This approach has the following advantages over conventional pick verification by other platforms:
Slippage is the result of taking a bet at a lower price than the tipster's quoted price.
Profit without slippage is the profit that you would have had, if you had taken the tipster's quoted price in all bets. Similarly, ROI without slippage is the ROI that you would have had, if all bets were placed with the tipster's odds.
The difference between these two figures and your actual profit and ROI, helps you understand what is realistically achievable by following a tipster and assess the impact that price availability has on your profitability.
Profit with level stakes is the simulated profit that a tipster would have made if all picks were placed with a flat stake equal to his average stake.
Similarly, ROI with level stakes is the simulated ROI that a tipster would have on the same condition.
These two figures help you assess the impact that the use of variable staking has on a tipster's profitability.
A source is a stream of picks that can be followed by smartbet.io bots. Every smartbet.io member can create an unlimited number of sources and customize a set of properties for each one, such as following restrictions and permissions, pricing (source fees earned by the owner), and distribution specifics. Sources can be followed by bots belonging to any member, including the source owner.
Each pick submitted with one of smartbet.io's pick submission methods needs to be assigned to one (or more) of the sources that belong to the member that is submitting the pick.
A special kind of source is an "auto source". Picks for auto sources are generated by smartbet.io scanners according to user-defined criteria. Auto sources can only be followed by their owners and source fees are priced by smartbet.io depending on the type of the source.