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Betting Enchanges

  • 14-02-2015 5:05pm
    #1
    Site Banned Posts: 880 whiteshorts
    Banned


    Was thinking of opening a new Betting exchange account and found this one but don't know anything about it, Matchbook.com?
    I did notice they charge 1% commission whether you win or lose!
    So if you lose a bet, they charge you 1% on top?
    Assume that's to cover them so they end up with 2% commission on each bet.
    Anybody any thoughts, views or good or bad experiences or any other ones instead of Betfair or Betdaq?


Comments

  • Registered Users Posts: 3 BeauJoRuby
    Registered User


    What kind of information are you looking for.

    Positives

    Quick bet settlement
    Industry low commission
    Excellent prices
    Good customer service
    Constantly expanding offerings

    Negatives

    Less markets than you may be used to


  • Registered Users Posts: 10,546 ✭✭✭✭ okidoki987
    Registered User


    Commission is 1.15%, very good liquidity on W/D/W markets.


  • Registered Users Posts: 3 BeauJoRuby
    Registered User


    okidoki987 wrote: »
    Commission is 1.15%, very good liquidity on W/D/W markets.

    Commission is not 1.15% unless you are based in the United Kingdom.


  • Registered Users Posts: 10,546 ✭✭✭✭ okidoki987
    Registered User


    Good spot, 1.15% applies to UK customers only.
    That means I've saved .15% :)


  • Registered Users Posts: 23,424 ✭✭✭✭ mailburner
    Registered User


    BeauJoRuby wrote: »
    What kind of information are you looking for.

    Positives

    Quick bet settlement
    Industry low commission
    Excellent prices
    Good customer service
    Constantly expanding offerings

    Negatives

    Less markets than you may be used to

    spot on, never seen a bet settled quicker anywhere else
    can't fault them at all
    for me though I like laying horses but am useless at it and am glad
    I cant do that here


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  • Registered Users Posts: 3 BeauJoRuby
    Registered User


    If there are any more questions about the exchange I am happy to answer as I am very familiar with it and have been using it with a few years.


  • Registered Users Posts: 1,182 ✭✭✭ Shanee.
    Registered User


    Exchanges are way better. I rarely use the likes of PP or Bet365. You can have as much money on an event as you like and your more than likely to get matched, except for maybe a sport like bowls where it would be unlikely to have a large sum of money on a competitor anyway! Also way way better prices on long shots. Take for example Golf or Horse Racing, all the outsiders are much bigger prices compared to PP etc. You can lay events too such as football etc and also can trade certain events say you back Liverpool today against Southampton at 19/10, when Liverpool scored you could have hedged your bet for a profit across the board reducing your risk. In essence trading isn't really gambling if executed properly, fair enough you take a gamble on a price direction or a team scoring but these things can be accurately guessed. Anyway, IMO exchanges are key to being a 'good' gambler


  • Registered Users Posts: 10,546 ✭✭✭✭ okidoki987
    Registered User


    Would agree Shanee but only for non favs but especially outsiders these days.

    Take the CL match tomorrow night Man City v Barca for example.
    Exchange (Betfair) odds are as follows
    Man City 3.55, Draw 3.70, Barca 2.22 to back.
    Let's assume a commission rate of 5%, prices become 3.37, 3.52 & 2.11.
    Current best bookie prices are 3.5 (general) 3.6 (general) 2.20 (general).
    So all prices better in a bookies and there's loads more if you look around,
    B&M Shop prices could be better (or worse) but there are enough players
    around to get those prices easy enough.
    So you are getting the 3 way market priced to 101.8% with the bookies against 100.2% with Betfair pre commission but after commission it's priced to 105.5%..
    Not a massive difference to most but if the stakes are large enough and often enough, it could be enough to make a difference between a profit and loss on a market.


  • Registered Users Posts: 1,182 ✭✭✭ Shanee.
    Registered User


    okidoki987 wrote: »
    Would agree Shanee but only for non favs but especially outsiders these days.

    Take the CL match tomorrow night Man City v Barca for example.
    Exchange (Betfair) odds are as follows
    Man City 3.55, Draw 3.70, Barca 2.22 to back.
    Let's assume a commission rate of 5%, prices become 3.37, 3.52 & 2.11.
    Current best bookie prices are 3.5 (general) 3.6 (general) 2.20 (general).
    So all prices better in a bookies and there's loads more if you look around,
    B&M Shop prices could be better (or worse) but there are enough players
    around to get those prices easy enough.
    So you are getting the 3 way market priced to 101.8% with the bookies against 100.2% with Betfair pre commission but after commission it's priced to 105.5%..
    Not a massive difference to most but if the stakes are large enough and often enough, it could be enough to make a difference between a profit and loss on a market.

    Yeah fair enough but put it this way say me or you wanted to have €20,000 on either team. Not a hope in hell would we be layed by PP etc, especially for horse racing but I'm pretty sure you wouldn't be able to have it on in a shop or online PP. Saying that though that only applies to the real heavy hitters. Them prices would suit us small punters.


  • Registered Users Posts: 10,546 ✭✭✭✭ okidoki987
    Registered User


    That's not true to a point.
    You may get €20,000 on a team with PP or 365 or any bookie but would depend on a many things.
    Such as whether they wanted to lay it or not, especially relevant if they were best price or same as the Betfair price, their liabilities on the other teams, what league match was in, if you were a bit hitter (especially if a losing big hitter) etc.
    Horse racing bets are a bit different as bookies guarantee prices but not for €20,000!
    Also take into account any shop specials that Boyles, Lads & PP may do and some of the shop prices are different to online as well.

    BTW
    PP aren't top price on any of the 3 selections tomorrow night.
    Man City Best Prices are Bet365, BetFred, BetVictor, Coral, Hills & Boyles (Irish shops).
    Draw Bet365, Skybet, BetVictor & Boyles (Irish Shops).
    Barcelona BetVictor, Betfred, Hills & Ladbrokes (Irish Shops)
    Only taken in the "main" bookies in the above.

    PP have a Money Back if you back either Man City or Barcelona and it ends in a draw, Bet365 have a Free in running bet if you have a pre match bet.


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  • Registered Users Posts: 1,182 ✭✭✭ Shanee.
    Registered User


    Oh i know that but im just saying that none of these things would matter with exchanges, amounts do not matter so that is why I would prefer them. I know loads of people who actually are not even allowed a bet with any shops as they are winning customers. They only want mug punters who back favourites all day everyday and they are out there! People who are in betting shops all day too generally don't have a clue what a betting exchange even is, looks like or how it works. Crazy to say the least!


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