The Pitch
Building a market maker bot on Bookie allows bettors to supercharge their trading and profits by automating the process. A market maker bot plugs directly into Bookie’s backend through our open API and allows you to offer odds and take bets on a wide array of markets through programmatic trading running 24/7.
Market maker bots are designed to consistently provide liquidity to the market by offering odds on both sides of a bet. By doing so, the bot earns a profit on the spread between the ‘For’ and ‘Against’ odds and can accumulate significant profits over time due to the high volume of transactions.
With a market maker bot you are not just a bettor but a bookmaker.
This benefits Bookie’s markets as a whole. Competition between market makers/ traders creates the ‘odds discovery’ process necessary to providing players best odds and deep liquidity.
Why build on Bookie?
Bookie is built on the Internet Computer Protocol, the fastest and cheapest operating blockchain, ideal for market making. By generating orders fast, automated market making bots can promptly respond to changing data, markets & odds and provide liquidity to markets 24/7 as cost efficiently as possible.
Furthermore, Bookie is non-custodial meaning your BTC remain under your control throughout the betting process. Your bets are fully managed and resolved by smart contracts thereby eliminating sources of failure and trust reliance.
Finally, whilst most betting exchanges charge huge fees for access to their API, Bookie gives everyone access to its API for free. And we charge 0 commission!
Getting Started
Bookie has released clear documentation to help you build your trading bot. Visit our Bookie open API Documentation to get started!
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