A betting exchange bot is either a specially written software interface, or spreadsheet (Excel), that aids in the automation of placing bets on horse racing, football, darts, cricket, all other events Betfair covers. Software bots are also available for poker.
Betting bots are nothing new, as similar software has been around for city trading for years, but if you want to have a gambling edge over your rivals, you really need to utilise this form of betting.
Betting bots can be used for trading, hedging, dutching, arbing, automatic betting, and much more.