I am interested in the auto sources, but I would like to know a little more.
I understand that Smartbet.io scans the markets for "Value" or "Arbitrage" picks.
Q1
Is it correct to assume that the arbitrage and value picks are the same picks, except the "arbitrage" picks should use the "Bi-Directional" checkbox in the auto source setup so that it will preform a hedge bet to guarantee profit if both bets are matched. (Site text states: "If the Bi-Directional option is checked, the system will also generate a hedge order for the reference book.")
And the "Value" pick is the same as the "arbitrage" pick, except it does not use the "Bi-directional" checkbox and thus is just a simple bet with no hedge.
Q2
Is the "reference book" for the arbitrage bet the same as the "Target bookmaker" in the auto source setup page?
Q3
Are the value picks based on finding a selection (e.g. Liverpool v Man C, Bet Home Win @2.30) where one bookmaker, usually a sharp bookmaker like Pinnacle has lower odds (e.g. 2.10) and another bookmaker, usually a soft bookmaker like Bet365 has higher odds (e.g. 2.30) and then the bot will bet on the higher odds for a "Value" bet, and if it is an "Arbitrage" bet also place a hedge bet on the sharp bookmaker's Draw and Away win to ensure profit whatever the outcome.
Q4
Do I need to have access to 2 or more bookmakers (Pinnacle AND Bet365) on the same bot to be able to use the Arbitrage "Bi-Directional" option?
Q5
I have my Bet365 account in GBP and my Pinnacle account in EUR, so they are not available on the same bot. If I just want to to do Value bets without the "Bi-Directional" option, is it better to do that with bot connected to Pinnacle or Bet365? Or does it not matter? From my understanding Bet365 is the softer of the 2 bookmakers and doing value bets on Bet365 s the better choice. Am I right in this assumption?
Q6
Could you give me suggested settings for a Value bet Auto source that has worked in the past for you that can be used in the Smartbet.io bot settings?
Type: Pre-game or live?
Target Bookmaker: Bet365 or Pinnacle?
Age: 0 seconds? (Actually, 0 is recommended on the site, so I have left it at that.)
Days: 7 days? 1 day?
Bi-Directional: on or off?
Skips: No skips, Ref or Target?
Profit Margin: Min%-Max%? 5%-1000%?
Odds: Min-Max? 1.01-1,000?
Market Liquidity: Min-Max? 100-1000?
I understand maybe you cannot give away secrets, but if there are any recommended guide ranges then I would appreciate any advice on any of those factors. Otherwise it will just be a case of expensive testing and adjusting on my part, and probably not even trying at all.