1. 04-20-15 10:31 AM #1
    nate686
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    Matchbook odds

    I've been comparing baseball odds & they seem to be consistently better than other books. Curious for others thoughts?
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  2. 04-20-15 11:47 AM #2
    tomallen123
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    They should be, they're an "exchange" and these traditionally have the smallest margins.
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  3. 04-20-15 12:09 PM #3
    nate686
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    What do you mean by "exchange"?
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  4. 04-20-15 02:57 PM #4
    Hareeba!
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    Quote Originally Posted by nate686 View Post
    What do you mean by "exchange"?
    You are betting against other players, not a bookmaker.
    The odds you see are subject to a commission payable to the exchange.
    For Matchbook that is headline 1% but effectively about 2% compared with Betfair's headline 5% on winning trades.
    But generally speaking you will be able to get better net odds at an exchange.
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  5. 04-21-15 04:55 AM #5
    thordin86
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    think of it as 2-3 cents lower than what you see.
    If pinnacle has odds 2.00 and matchbook 2.02, you are better off at Pin.
    If matchbook has 2.03, bet on matchbook.
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  6. 04-21-15 06:49 AM #6
    Hareeba!
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    Quote Originally Posted by thordin86 View Post
    think of it as 2-3 cents lower than what you see.
    If pinnacle has odds 2.00 and matchbook 2.02, you are better off at Pin.
    If matchbook has 2.03, bet on matchbook.
    MB 2.02 = 1.9998
    MB 2.03 = 2.0096
    (except soccer handicaps where MB commission is halved so approx 1 cent better)
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  7. 04-21-15 09:15 AM #7
    thordin86
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    hareeba did you get this from a matchbook calculator somewhere?
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  8. 04-21-15 11:08 AM #8
    dealer wins
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    Just a calculator I suspect!

    2.02 X 99% , and 2.03 X 99% lol
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  9. 04-21-15 03:12 PM #9
    Hareeba!
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    Quote Originally Posted by thordin86 View Post
    hareeba did you get this from a matchbook calculator somewhere?
    I've set up a spreadsheet I use to compare effective net odds MB v Betfair v Bookies

    Not quite as simple as 99% as dealer wins suggests but that's a pretty accurate rough calculation whilst odds remain close to evens.
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  10. 04-22-15 07:06 AM #10
    dealer wins
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    Yes Hareeba you are right!

    2.02 - 1 X99% + 1 as you dont get charged commission on your own stake being returned lol
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  11. 04-22-15 09:10 AM #11
    Spacefrog
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    Quote Originally Posted by dealer wins View Post
    Yes Hareeba you are right!

    2.02 - 1 X99% + 1 as you dont get charged commission on your own stake being returned lol
    (2.02 - 1) X 0.99 + 1 is the right formula, the parentheses are needed.

    The general formula for european style odds is

    net odd = ( odd - 1 ) * (1 - comission) + 1
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  12. 04-22-15 11:54 AM #12
    jjgold
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    Bottom line most of the time they have better juice than anyone
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