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Betfair is one of the leading betting exchanges in the global online betting industry. Betting exchanges are known for their unique ability to allow bettors to trade their odds and make profits. However, making a profit on betting exchanges might be challenging without the proper plans and strategies.
The Betfair historical data is one of the beneficial strategies exchange betting traders use to make profitable decisions. It can enhance your chances of success in the industry. Meanwhile, our Betfair trading guide will explain Betfair’s historical data, stating the importance and how you can get them. We’ll also cover other Betfair trading strategies.
What is Betfair Historical Data?
Betfair Historical Data is a feature on the betting exchange platform that grants bettors or interested customers access to detailed past information. Past market information like price, the volume traded, winning status, average weighted price and settlement information are available for download by registered customers who must have subscribed for them.
Types of Betfair Historical Data
The Betfair historical data is categorized into 3 tiers based on the purchase price, volume and quality of information available on each package. The 3 tiers are:
- Basic
- Advanced
- Pro
- Basic historical data is available for Betfair users at no cost. While much information concerning them is accessible, free package subscribers cannot access the volume. Also, only last traded prices are available while the frequency is per minute. This package is suitable for customers whose strategies are neither volume-based nor price-based.
- Advanced historical data are better than free packages, but they come with prices. While the interval time of this package is 1 second, subscribers can also access the top 3 prices in the price ladder, and volume is available for the user. This package is ok for you if your strategy pays more attention to price and volume.
- Pro historical data are similar to the advanced, and they are even better. Subscribers have total access to the price ladder, while the interval takes 50 milliseconds. This package is the best if your strategy is volume- and price-sensitive.
Importance of Betfair Historical Data
Taking advantage of the information provided by the historical data will benefit your betting exchange adventure. Besides accessing the entire Betfair past market and price information, bet traders can also use this data to test how their new strategies will work in real-life situations before launching them.
Further, you can compare Best Starting Price (BSP) odds and win rates and formulate a predictive model using these data. Quality data provided will help you build confidence while you make the best decisions to have a successful bet trading experience.
How to get the Betfair Historical Data
Accessing Betfair’s historical data is relatively easy; it is available on their historical data site. Meanwhile, only data from April 2015 are available, and every data are available on the site after 5 days of settlement. Follow the steps below to download your desired Betfair historical data.
- Firstly, you must visit the Betfair historical data site and sign in using your Betfair account credentials.
- Once you’re in, choose your desired historical data and purchase it. You’ll have to buy the historical data before downloading it, free package inclusive. The cost of purchase is deducted from your Betfair
- Upon successful purchase, navigate to the « My data » section and select the needed part of the purchased data to download. Betfair allows you to filter the data by Date, Event, Market, Market, etc. Selecting the part of the historical data you need for fast download, or you may download per month is advisable.
