Hi, guys, I could use some help.
Today, I used Odsy88 to open an account at OrbitX. I funded with .35 BTC, which we converted during live chat into 2954 Euros. So far, so good.
When I logged into my OrbitX account my balance was correct, 2954, but nowhere on the site does it specify the currency it's in and the math doesn't seem to match up for Euros. There's also no currency specification of the deposit, just a deposit for 2954.
Still, alone that's no biggie. But when I made my first bet offer for 2500, it only appeared on the main Betfair site as being for 1100 pounds. Since 2500 Euros are worth about 2200 pounds, I'm wondering why only half my offer was being reported by Betfair.
I can think of legit reasons for this -- maybe OrbitX only reports half the bets it takes in to Betfair? -- but as a bet broker newbie I feel obligated to worry that maybe I've been given an OrbitX account in some random currency worth only about half as much as Euros.
When I compared the "Bets Matched" totals for the US Presidential market I noticed the same problem. At the Betfair main site they tell you there's been 37.4 million pounds in matched bets. https://www.betfair.com/exchange/plu...etting-2378961
Since 37.4 million pounds equals 42 million Euros, that's the number I expected to see on my OrbitX page that's supposed to be in Euros. But instead the "Bets Matched" number was 82 million.
I'm sure I'm wrong but one possible explanation for why the matched bets total I expected to be 42 million Euros appears as 82 million is because I'm looking at a page whose currency isn't Euros, but instead is a currency worth about half that of Euros.
I'm new to bet brokers, so I guess my question is, "Do these math inconsistencies happen to everybody or might I have a real problem here (whether purely an accident or otherwise)?"
Thanks in advance for any help or guidance anybody can offer.
Today, I used Odsy88 to open an account at OrbitX. I funded with .35 BTC, which we converted during live chat into 2954 Euros. So far, so good.
When I logged into my OrbitX account my balance was correct, 2954, but nowhere on the site does it specify the currency it's in and the math doesn't seem to match up for Euros. There's also no currency specification of the deposit, just a deposit for 2954.
Still, alone that's no biggie. But when I made my first bet offer for 2500, it only appeared on the main Betfair site as being for 1100 pounds. Since 2500 Euros are worth about 2200 pounds, I'm wondering why only half my offer was being reported by Betfair.
I can think of legit reasons for this -- maybe OrbitX only reports half the bets it takes in to Betfair? -- but as a bet broker newbie I feel obligated to worry that maybe I've been given an OrbitX account in some random currency worth only about half as much as Euros.
When I compared the "Bets Matched" totals for the US Presidential market I noticed the same problem. At the Betfair main site they tell you there's been 37.4 million pounds in matched bets. https://www.betfair.com/exchange/plu...etting-2378961
Since 37.4 million pounds equals 42 million Euros, that's the number I expected to see on my OrbitX page that's supposed to be in Euros. But instead the "Bets Matched" number was 82 million.
I'm sure I'm wrong but one possible explanation for why the matched bets total I expected to be 42 million Euros appears as 82 million is because I'm looking at a page whose currency isn't Euros, but instead is a currency worth about half that of Euros.
I'm new to bet brokers, so I guess my question is, "Do these math inconsistencies happen to everybody or might I have a real problem here (whether purely an accident or otherwise)?"
Thanks in advance for any help or guidance anybody can offer.