So far, I am monitoring the prices every 5 minutes and if a horses price has come in by 5%, 10%, 15%, 20%, 25% or greater it will send out an alert.
At the moment it's generating a lot of alerts and some of the higher prices originally recorded might not have been significant because the market was not well formed (overround high) and the amounts offered were low (less than £20).
What I aim to do is improve the criteria by narrowing down the overrounds and liquidity as well as find optimal percentages to decrease the amounts of alerts further. Once we've done that we can look at certain time periods before the off and possibly race types too.
I am just wanting to know if this interests anybody at this stage and whether they have any ideas for criteria.
The alerts are sent in the following format currently:
14:30 Bath 27th May - 1m Hcap -> The odds on Believe It have moved by 5% or more today!
The highest available price to back today has been 9.60 (recorded at 13:55) and the price now is 6.2 (recorded at 14:15).
There was £3.82 available to back at 9.60 and there is now £108.71 available at 6.2.
The overround for the highest record price was 102.04 and the current overround for this market is 102.23.