Matchbook Sucks...........................

flyingillini · 08-09-09, 09:14 PM

All Praise to be Nicky Santoro. Never used them before Nicky and never planned on it.

illmatick · 08-09-09, 09:14 PM

best book in the nation

onthewhat · 08-09-09, 09:14 PM

Nicky you might have the greatest forum avatar of all times

Nicky go get a good bonus and good lines from Bet Phoenix and bury them

Fishhead · 08-09-09, 09:52 PM

Nicky, I thought you stated once that the majority of your wagers at Matchbook were offers, not accepted wagers.......thus you were paying zero commission and in fact, actually earned a small commission.

Having said that, I don't like the 1.0% commission on wins and losses either for ACCEPTED WAGERS.........but for the most part, my bets are offers, so not that big of a concern for me personally.

By the way, for baseball, the commission is only 0.6% and not 1.0% as in other sports when accepting offers.

Fishhead · 08-09-09, 09:55 PM

Originally posted by Fishhead

Nicky, I thought you stated once that the majority of your wagers at Matchbook were offers, not accepted wagers.......thus you were paying zero commission and in fact, actually earned a small commission.

Having said that, I don't like the 1.0% commission on wins and losses either for ACCEPTED WAGERS.........but for the most part, my bets are offers, so not that big of a concern for me personally.

By the way, for baseball, the commission is only 0.6% and not 1.0% as in other sports when accepting offers.

BASEBALL COMMISSIONSBaseball rates for 2009 will be as follows: Monyelines and Runlines: 0.6% accept side; -0.1% offer side (rebate). Totals: 0.8% accept side; -0.2% offer side (rebate).
A FAREWELL TO 2% COMMISSIONSFrom Mar 17, Matchbook has dramatically cut commissions by eliminating our 2% net-win commission system and shifting to a much simpler volume-based one. Matchbook won't earn as much per trade, but we believe this change will drive the next phase of growth on the exchange.
HOW IT WORKSThe new system is based on bet size, regardless of whether your trade wins or loses. If you accept an offer, the fee is 1.0%. If you post an offer that is accepted, not only is there no fee, but Matchbook will pay you 0.2%. As demonstrated lately on many financial exchanges, liquidity explodes when people are paid to make offers.
HOW WE CALCULATE THE RATECommission rates of 1.0% or -0.2% will be applied to the lesser of your "bet" or "to win" amount. So regardless of whether you bet $1,000 to win $5,000, or $5,000 to win $1,000, your bet size is treated as only $1,000. In both cases, you pay $10 in commissions if you accept an offer, or you are paid $2 if your offer is accepted.

Nicky Santoro · 08-09-09, 09:56 PM

yes, i know baseball is 0.6% and i love it and that's how it should always be.. they are being greedy at 1%.. they should keep it at 0.6%.. big diff between the 2.

yes, the majority of my bets are offers accepted, but still, i do have alot that are not offers that i jump on right away. i play a lot of games each day, so at least 10 games is not offers and i dont want to play into a 7 cent line now.. -185/+184 is now -188/+181..

if i continue to bet at matchy, i swear i will play 12 games a day now instead of 22 games a day.. they will lose a lot of business from me.. this will cost them much more in the long run when i stop giving them action, along with hundreds of other gamblers who will do the same as me.

MonkeyF0cker · 08-09-09, 10:28 PM

You're a moron. You'd rather pay 2% on the full amount on winners than 1% of the lesser amount (of risk/win) on both?

Nicky Santoro · 08-09-09, 10:31 PM

no, i want them to keep it at 0.6%.. no need to get greedy on us..

pat venditto · 08-09-09, 10:32 PM

Nicky I put the patty venditto jinx on you. Nicky you are in trouble. I advise you to beg for forgiveness nicky.

NICKY

You've been warned.

MonkeyF0cker · 08-09-09, 10:36 PM

Umm. When was it ever 0.6% (or anything other than 2% for winners) for those sports?

Fishhead · 08-09-09, 10:47 PM

Originally posted by MonkeyF0cker

Umm. When was it ever 0.6% (or anything other than 2% for winners) for those sports?

The new system is based on bet size, regardless of whether your trade wins or loses. If you accept an offer, the fee is 1.0%. If you post an offer that is accepted, not only is there no fee, but Matchbook will pay you 0.2%. As demonstrated lately on many financial exchanges, liquidity explodes when people are paid to make offers.

MonkeyF0cker · 08-09-09, 10:55 PM

No shit, Fishhead? What exactly was that supposed to answer?

That's the NEW structure. NOT the old. It has always been 2% commission for winners on sports other than MLB until now.

Nicky Santoro · 08-09-09, 10:58 PM

fishhead copied and pasted the "how it works" on the matchy website..

illmatick · 08-09-09, 10:59 PM

Fishhead get a clue

Fishhead · 08-09-09, 11:00 PM

Originally posted by Nicky Santoro

fishhead copied and pasted the "how it works" on the matchy website..

No kidding

Fishhead · 08-09-09, 11:06 PM

Originally posted by Fishhead

No kidding

See post #6 in this thread.......I copied much more than that.

-FH-

Let's all have fun tommorrow with the Nascar futures at Matchy........I'm providing tons of value for the nascar investor.

MonkeyF0cker · 08-09-09, 11:10 PM

I prefer this system. The old system punished winners and now you always know what your true line is before the game begins. The only people this hurts are scalpers accepting offers for both sides of each market on Matchbook, since the commission was only taken from profit on each market previously. It actually helps scalpers who are arbing between books because, again, they know their true line now.

Fishhead · 08-09-09, 11:12 PM

Originally posted by MonkeyF0cker

I prefer this system. The old system punished winners and now you always know what your true line is before the game begins. The only people this hurts are scalpers accepting offers for both sides of each market on Matchbook, since the commission was only taken from profit on each market previously. It actually helps scalpers who are arbing between books because, again, they know their true line now.

Allow me to do a little more "copy and pasting"..................

WHO THIS HELPSPretty much everyone. To start with, 1% on volume costs less than 2% net-win because of the generous way we define your bet size (see above). If you post offers, the savings are obviously far greater. And with everyone incentivized to post offers, we expect to see much tighter, deeper markets across the board.
WHO THIS HURTSBecause we charge based on volume instead of net win, scalpers will need to pay more to accept offers on both sides of the same market. Of course, they can still trade across markets at far lower cost than before by taking advantage of our offer-side subsidy.

MonkeyF0cker · 08-09-09, 11:20 PM

Thanks, Fishhead. You're about as useful as a used condom.

smitch124 · 08-09-09, 11:25 PM

Subject: FW: Chinese Hair Band - Condom

Grosssssssssssssssssssssssss

Just try to be careful when you are buying hair bands... who knows what it is made from.

These hair bands were made from used condoms and threads.

Used condoms are being recycled into hair bands in southern China, threatening to spread sexually-transmittable diseases they were originally meant to prevent, state media reported Tuesday.

Fishhead · 08-09-09, 11:28 PM

If one simply applies the techniques of YAO and/or WONG at Matchbook............IT IS IMPOSSIBLE TO LOSE.

IMPOSSIBLE

Nicky Santoro · 08-09-09, 11:30 PM

Originally posted by Fishhead

If one simply applies the techniques of YAO and/or WONG at Matchbook............IT IS IMPOSSIBLE TO LOSE.

IMPOSSIBLE

yao ming??

MonkeyF0cker · 08-09-09, 11:32 PM

King Yao
Stanford Wong

Nicky Santoro · 08-09-09, 11:32 PM

Fishhead · 08-09-09, 11:33 PM

Nicky Santoro · 08-09-09, 11:35 PM

i swear i never heard of him..

but i have heard of this YAO

Nicky Santoro · 08-10-09, 12:17 AM

take a look at the difference here when you make an offer rather than accepting an offer.

line is -185/+184.. in reality, this line is -188/+181 if you accept the -185..

however...

if you make an offer of -184 and it gets matched, you now have -184 instead of -188 (plus 0.2% for you)

talk about a big swing, huh? why would anyone now bet the -188 whereas when you make an offer of 1 cent better, you get less than -184 instead..

the swing at matchy is a joke. they should work on this to not make it that big a difference. maybe keep it at 0.6% like baseball.. fukkin matchy, i hate them now.. those greedy bastards..

Rich Boy · 08-10-09, 12:38 AM

Are you high Nicky?

Matchbook is still the best deal out there. If it sucks so bad why not quit and play -110 at Bookmaker.

Nicky Santoro · 08-10-09, 12:47 AM

Originally posted by Rich Boy

Are you high Nicky?

Matchbook is still the best deal out there. If it sucks so bad why not quit and play -110 at Bookmaker.

unless you are ONLY making offers, matchy is great. but if you are accepting offers, then playing into 7 cent lines is not that great.. it's like playing at pinny..

matchy is known to be the book with 1 cent lines, which is why they are king.. but now all of a sudden because of their 1% greed, they have now become a 7 cent line book..

i swear i am this close to giving matchy the nicky santoro curse.. if i do this, i assure you matchy won't be around by 2011.. they will be forced to close shop.. i hate these greedy bastards..

Nickelicious · 08-10-09, 01:07 AM

Wow. Great reading, great photos. Keep up the good work, guys.

Well, I guess I will toddle along to my 20 cent lines at Bookmaker....

MonkeyF0cker · 08-10-09, 03:31 AM

Nicky is a complete moron.

GELATINOUS CUBE · 08-10-09, 03:42 AM

Why the hell do any of you guys care about a -181 or -179 line or a plus 185 or plus 180 line or something like that. If a -180 is moving at all or going up on any regular day, it's gonna hit on baseball. +181 or something will never hit and nobody ever bets that unless they are really drunk. The only time that ever hits is in Hockey, and like dead baseball games, when the line is just sitting there. But you guys talk about the difference between a -180 line and a -179 line like its ever going to matter when you are actually at the book betting. Nobody ever bets -180. Well, sometimes. -180 would be like Dodgers or St. Louis at home with one of their best pitchers.
But you are saying, I mean you guys wouldn't know when to take a +180 bet. you need like NJ Devils, Columbus BJ's, Fl Panthers. Maybe, Florida Marlins, or right now the Nats.
But -180 vs. -185 who is ever going to care about this stuff? Look how many replies don't come pouring in.

MonkeyF0cker · 08-10-09, 05:26 AM

For fuks sake. This place is becoming far too stupid.

Zelda · 08-10-09, 06:08 AM

Matchbook wasn´t that good for NBA last season, i´d take Pinny if i had to pick between the 2 for baskets..

For mlb they are prolly the best, but doesn´t mean you can always get the best line on both sides of a game at Matchbook...some dickhead will block with 20k or whatever on the favorite, making it impossible to ever get a decent price on the dog.
For MLB dogs you need other outs..