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Set Up Your Own Betting Agent

The complete guide to automated betting — from zero AI experience to having an agent place bets for you

1What is a Betting Agent?

A betting agent is an AI system that places bets or trades on your behalf, following rules and strategies you define. Think of it as a tireless assistant that:

Who is this for? You don't need coding experience. Modern agent frameworks like OpenClaw let you set up automated betting through natural language instructions.

Types of Betting Agents

2Betting Platforms & Markets

Before setting up an agent, you need to choose where it will operate:

🎰 Crypto Casinos & Sportsbooks

Platforms like Cloudbet, Stake, and BC.Game offer casino games and sports betting with crypto.

  • Low house edge games (blackjack, baccarat)
  • Sports betting with competitive odds
  • Often no KYC for crypto deposits
  • Some offer API access for automation

Compare all platforms →

📊 Polymarket

Decentralized prediction market on Polygon. Trade on real-world events.

  • Politics, crypto, sports, entertainment markets
  • No house edge — trade against other users
  • Official CLI tool for automation
  • US users restricted

✨ Magic Markets Coming Soon

Next-generation prediction market platform. Join the waitlist for early access.

  • AI-native design
  • Agent-friendly APIs
  • Novel market types

3Agent Tools & Frameworks

🦎 OpenClaw Easiest

AI agent framework that runs on your computer. Control it through Telegram, Discord, or CLI.

  • No coding required — instruct in natural language
  • Connects to web browsers for any platform
  • Runs locally (your data stays private)
  • Extensible with custom skills
# Install OpenClaw
npm install -g openclaw

# Start the agent
openclaw start

📈 Polymarket CLI

Official command-line tool for Polymarket trading. Requires some technical comfort.

  • Direct market access
  • Scriptable for automation
  • Open source
# Install Polymarket CLI
pip install polymarket-cli

# Check markets
poly markets list

🤖 Custom Agents

Build your own with Python, JavaScript, or any language. Maximum flexibility.

  • Full control over logic
  • Integrate any API
  • Requires programming knowledge

4Setup Guide: OpenClaw

OpenClaw is the easiest way to get started. Here's a complete walkthrough:

Prerequisites

Step 1: Install OpenClaw

# Open your terminal and run:
npm install -g openclaw

# Verify installation
openclaw --version

Step 2: Initial Configuration

# Run the setup wizard
openclaw init

# This will ask for:
# - Your AI provider API key
# - Telegram bot token (optional)
# - Default model preferences

Step 3: Start the Agent

# Start OpenClaw
openclaw start

# Your agent is now running!
# Message it on Telegram to give instructions

Step 4: Give Betting Instructions

Message your agent with natural language instructions:

Example instruction:
"Go to Cloudbet, log into my account, and place a $10 bet on Banker in baccarat. Use basic strategy — always bet Banker, never bet Tie. Stop after 20 hands or if balance drops below $50."

Step 5: Create a Betting Skill (Optional)

For repeated tasks, create a skill file:

# ~/.openclaw/workspace/skills/cloudbet-baccarat/SKILL.md

# Cloudbet Baccarat Skill

## Purpose
Automated baccarat betting on Cloudbet

## Strategy
- Always bet Banker (1.06% house edge)
- Never bet Tie (14.4% house edge)
- Flat betting: same amount each hand
- Stop-loss: quit if down 20% of session bankroll

## Execution
1. Navigate to cloudbet.com/casino/baccarat
2. Set bet amount to $[amount]
3. Click Banker bet
4. Wait for result
5. Repeat until stop condition met

5Setup Guide: Polymarket CLI

For prediction market trading, the Polymarket CLI offers direct access:

Prerequisites

Installation

# Install the CLI
pip install polymarket-cli

# Configure your wallet
poly config set-wallet YOUR_PRIVATE_KEY

# Check your balance
poly balance

Basic Trading

# List available markets
poly markets list --category politics

# Get market details
poly market info MARKET_ID

# Place a trade (buy YES at 0.65)
poly trade buy MARKET_ID YES 100 --price 0.65

# Check your positions
poly positions
⚠️ Important: Prediction market trading involves real money and risk. Start with small amounts while learning. Never trade more than you can afford to lose.

6Strategy & Risk Management

The Kelly Criterion

The mathematically optimal bet sizing formula:

Kelly % = (bp - q) / b

Where:
b = odds received (decimal - 1)
p = probability of winning
q = probability of losing (1 - p)

Example: 60% win rate at even odds
Kelly = (1 × 0.60 - 0.40) / 1 = 20% of bankroll
Pro tip: Most professionals use "fractional Kelly" (betting 25-50% of the Kelly amount) to reduce variance.

Bankroll Management Rules

Agent-Specific Considerations

7Monitoring & Optimization

Key Metrics to Track

Common Issues & Solutions

8Additional Resources

Ready to Start?

Choose your platform and begin your automated betting journey

Compare Betting Platforms Install OpenClaw