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Bet Angel & your security
Bet Angel software is produced by a UK registered company operating under UK legislation. This means you have free access to our company and contact information. We are also approved Betfair API vendors and have partnered Betfair at a number of events. Our product, software code and interaction with Betfair has been tested by Betfair's security department and, as requested by Betfair, is conducted via a Thwate encrypted secure link. Betfair has tested the product to be sure that your usage of Betfair, your username and password are not being stored or transmitted in an unnecessary manner to or via us.
In using Bet Angel you can be sure that you are using top quality software from a legitimate company. Furthermore we have also made the decision not to outsource critical parts of the software. Ensuring this is coded in house enables us to maintain full control of the code in terms of quality and integrity for our user.
Software Licence Agreement
The software license agreement contains your agreement with us in terms of the application and use of the software by you. Please read this document fully. You will need to agree to this license agreement before the installation of your software.
Risk Notice
Trading on betting exchanges is a new and exciting area for modern betting markets. Correct use of automation and specialist software can significantly enhance your trading capabilities. However, just as an expensive set of golf clubs does not improve your golf swing on their own, using specialist software does not guarantee you profitability.
You also need to be aware that because of their speed of operation and capability, software such as Bet Angel can also create large potential loss making positions if used poorly, incorrectly or in error. We advise that you familiarise yourself with its capabilities as much as possible before committing large amounts of money to any particular market. You should also familiarise yourself with the markets and with the way in which the odds can (and will) move, why and also the constraints on certain markets. As an example the horse racing market is relatively stable before the off but displays a lot of volatility just before the off. During in running there is a one second delay and very high volatility. Withdrawal of market selections can also cause potential for loss. If you commit money into the market at the wrong time or accidentally click on an active part of the screen you could face large losses. The market is quick and efficient.
Our advice is to use the smallest possible stake while testing and trading experimental strategies to make sure feel comfortable with the level of risk and volatility you are likely to encounter. When you feel comfortable and are more familiar with strategies and how to put them to use in a market, you can move up to larger stakes.
Risk can come from outside of your use of the market as well. Systemic risks are items such as computer failure, unexpected outages can occur at any stage of the exchange process. You also have user risk such as accidental use of features and ms-interpretation of a market or how to trade it. As such we recommend that you have a clear and consistent approach to any market which minimises your exposure to all the risks detailed in this notice.
WARNING
When using Betfair you are effectively transacting items of monetary value. If this information is intercepted or used against you, you could face actual monetary losses which you may not be able to recover. Therefore we strongly suggest that you only use software that you can have adequate reason to believe is honest, viable and of a sound commercial nature. We recommended that If you plan to use software for interaction with Betfair you should think carefully about using it. Despite assurances it is difficult to be sure, especially over the internet, of a third parties incentive and motives.