Algorithm

An algorithm is a set of conditions by which BetLab automatically selects matches and creates signals. The system monitors the course of games, checks the specified parameters and saves the results of triggered signals in the statistics.

How an algorithm is created

Conditions are configured in the constructor. You can specify the score, match minute, leagues, pre-match and current coefficients, as well as team statistics: shots, corners, cards, attacks, ball possession and other metrics. The prediction and the method of receiving the signal are set separately.

Operating modes

Signals can be sent to a Telegram channel or the mobile app immediately after all conditions are met.
In collector-bot mode signals are saved in BetLab without being sent to users.

How to check an algorithm

A set of conditions by itself does not yet confirm the efficiency of a strategy. First it is advisable to check the algorithm with the help of retroanalysis, and then evaluate it on new matches in collector-bot mode.

Related terms

Aggregator bot Collector bot is an algorithm mode in which signals are saved in BetLab but are not sent to Telegram or the mobile app. It allows testing a strategy on current matches without distributing signals to subscribers.
Algorithm card The algorithm card contains its main settings: prediction, filters, metrics and time conditions. It can be copied, saved or transferred to another user to view the strategy settings.
Algorithm statistics Algorithm statistics contain the main results of its signals: profit, ROI, hit rate, average coefficient, win and loss series and maximum drawdown. The data can be viewed for different periods and separately by matches and leagues.
Backtesting Retroanalysis, or backtesting, is checking an algorithm on an archive of played matches. BetLab applies the specified conditions to historical data and shows which signals the algorithm could have created in the past.

All glossary terms