App to place bets with other players instead of book?

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  • Shev2
    SBR Sharp
    • 04-16-19
    • 270

    #1
    App to place bets with other players instead of book?
    Yo a few months ago I was high and thinking that there should basically be a Robinhood for sports betting markets and that would allow bettors to get higher payouts and books would obviously see less profits. Like me placing an over bet on the warriors - raptors game total tonight with someone else specifically taking the under so that we both come out at even money or so.

    A guy in my apartment building has his own company developing other apps for the casino industry. I asked him about it in the hall passing by and he said it’s already been developed and just waiting for more legal sports betting in the US for it to be publicly available to us. This was a couple of months ago. I don’t remember what he said it was called.

    Have any of you guys heard of such of a thing? If so, will you use it if available?
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    never

    just a gimmick will not work ..market too small

    most NJ books struggling already

    3 have 85% of market
    Comment
    • RudyRuetigger
      SBR Aristocracy
      • 08-24-10
      • 65084

      #3
      never heard of it

      when you invent this, i think you should call it an "exchange"
      Comment
      • inmyownzone
        SBR MVP
        • 12-31-12
        • 1953

        #4
        It would work for sure. Might take a little while to catch on. But that’s something I feel everyone here would use
        Comment
        • pinnacle420
          SBR Hall of Famer
          • 10-01-12
          • 6254

          #5
          Sounds like the old days across the street in the “juice free” room
          Comment
          • Shev2
            SBR Sharp
            • 04-16-19
            • 270

            #6
            Originally posted by RudyRuetigger
            never heard of it

            when you invent this, i think you should call it an "exchange"
            Don't know why I didn't think of this word when I first posted but yeah an exchange. Options contracts in financial markets are basically just bets on the price of stocks and etfs. I don't see how it's not possible to develop basically contracts for sports bets that trade on an exchange.

            Although as I'm thinking about it I'm starting to question the logistics of the exchange and how "traders" will try to make easy profits.
            Comment
            • funnyb25
              BARRELED IN @ SBR!
              • 07-09-09
              • 39663

              #7
              Matchbook was ok
              Comment
              • RudyRuetigger
                SBR Aristocracy
                • 08-24-10
                • 65084

                #8
                Originally posted by Shev2
                Don't know why I didn't think of this word when I first posted but yeah an exchange. Options contracts in financial markets are basically just bets on the price of stocks and etfs. I don't see how it's not possible to develop basically contracts for sports bets that trade on an exchange.

                Although as I'm thinking about it I'm starting to question the logistics of the exchange and how "traders" will try to make easy profits.
                bro it was a joke

                betting exchanges already exist
                Comment
                • swordsandtequila
                  SBR Hall of Famer
                  • 02-23-12
                  • 9757

                  #9
                  Comment
                  • Shev2
                    SBR Sharp
                    • 04-16-19
                    • 270

                    #10
                    Originally posted by RudyRuetigger
                    bro it was a joke

                    betting exchanges already exist
                    Comment
                    • JayLA
                      SBR Hall of Famer
                      • 09-11-12
                      • 7806

                      #11
                      Im down. Ill post up vía paypal
                      Comment
                      • Sam Odom
                        SBR Aristocracy
                        • 10-30-05
                        • 58063

                        #12
                        SBR App
                        Comment
                        • jjgold
                          SBR Aristocracy
                          • 07-20-05
                          • 388179

                          #13
                          exchanges all busts but betfair

                          people want to bet traditional USA, will never ever change
                          Comment
                          • RangeFinder
                            SBR Hall of Famer
                            • 10-27-16
                            • 8041

                            #14
                            Originally posted by jjgold
                            exchanges all busts but betfair

                            people want to bet traditional USA, will never ever change
                            jj exchanges will be the future if the U.S legalizes in most states
                            Comment
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