Bookmaker (CRIS) Exchange

[bookie]

Mickey Richardson announces on John Kelly's radio show ( http://www.talkzone.com/archives.asp?sid=1595 ) that it will be open to the public in a month or two.

He's got a prototype up for us to check out at: http://BetMaker.com

[Intuitive_Edge]

no kidding. Looks neat

[RogueScholar]

They better cut those commissions down real quick or they won't even compete with a Matchbook that's only up 12 hours a day.

[Doug]

what's the commission structure ?

[Immortality]

what's the commission structure ?

Commissions Chart

The Exchange charges a commission on winning trades. This commission is calculated by subtracting your discount rate from the market rate.
Market Rate

The market rate is the commission percentage we charge on any given market to properly service and oversee the market. The market rate will always be posted below the market navigation tree on the left side of your screen for the chosen market.

Discount Rate

This is the discount we give you for being a good customer. The discount rate is calculated using a points system. For every $50.00 worth of risk you have immediately prior to settlement on any market, you will earn 1 commission point. Every Sunday after the close of the last market, your points will “decay” or be reduced by 12%. This is to reward consistent play and to give the best discounts to the clients that play the most.
Your Commission

Your commission is determined taking the MARKET RATE and applying your discount. For example- The MARKET RATE for horse racing is typically 6.0%. If your discount is 30%. Your commission would be 6.0 x .30= 1.80 (Your discount). 6.0% less 1.80 is 4.20%.
Always remember, that commissions are only charged on your net winnings for any event. If you net out a loss in any market, there are no commissions to pay.

This table shows a few example ranges for discount rates. It is important to note that Bet Maker figures your discount for every tenth of a percent. A complete Excel sheet is available via email at cs@betmaker.com.




This has fail written all over it with these commissions.

[moses millsap]

No chance it becomes anything with those numbers, what a joke

[blackbart]

gotta agree with that
what is mb .1%

[durito]

Matchbook certainly isn't .1%

Betfair seems to be doing just fine with a similar type structure.

[Justin7]

I don't see how this can make a dent. The posted rate is about a 4% commission on winning bets. Compare to Matchbook's 1% on all bets (or roughly 2% on winning bets)... At risk of sounding pessimistic, this is a very difficult sell.

[durito]

That just depends Justin.

Betfair is that high and they do fine.

What markets is cris going at? Will they seed it themselves? Will they pay people to seed it? Perhaps it fails, but I'd be surprised if it didn't offer at least something for us to profit on first.

[Iceman]

I don't see how this can make a dent. The posted rate is about a 4% commission on winning bets. Compare to Matchbook's 1% on all bets (or roughly 2% on winning bets)... At risk of sounding pessimistic, this is a very difficult sell.

The sad part is this is out there for the taking, IMO. Anybody that develops and expands on what MB has going could take this thing to a whole other level. Can promise you one thing, this structure they have put together isn't going to do it.

[Doug]

I need Ganchrow to even understand the structure of this one !

Decaying points, WTF !

People have enough trouble learning MB.

I read enough to know, I won't use this exchange !

[Doug]

The sad part is this is out there for the taking, IMO. Anybody that develops and expands on what MB has going could take this thing to a whole other level. Can promise you one thing, this structure they have put together isn't going to do it.

Not just anybody, ICE !

Has to be somebody well trusted like Greek, maybe 5D, and available to the US market...not too many fit that bill, IMO !

That's how MB started, riding WSEX's coattails....before WSEX went to SHIT !

[durito]

Yes, but Doug, Bookmaker would certainly fit that bill.

And I agree they may have to simplify the commission structure.

I remember an interview with someone there once asked why they don't go to a dimeline in baseball and the answer was that most of their customers still bet there at the 20 cents so why not. Perhaps JJ gold is right and most players prefer something they are used to.

[durito]

Looking at it again

Is this not the same structure as ehorse?

Perhaps they are buying out las palmas?

[SPECULATOR 13]

I hope they can get their act together,nothing would be better for us on this side of the world to have another U.S. sports base
EXCHANGE just to keep MATCHY "honest".
Sometimes they tend to rest on their laurels and take a lot for granted.

[Doug]

This might be great..... for Matchbook !

Let CRIS develop some exchange players, then they learn about MB, and move there ?

[Chuck Sims]

This might be great..... for Matchbook !

Let CRIS develop some exchange players, then they learn about MB, and move there ?

Doug, you're thinking the same thing I am.

[LVHerbie]

I was excited about this until I saw the commission percentages... Although you might get lucky and find a good number once in awhile the only people they are going to attract are the same people who won't understand the advantages of an exchange and would probably keep blindly playing cris' twenty cent lines if not presented with another sucker's option... Their planned model doesn't make any sense to me as I can't see it significantly increasing their hold when there are clearly better options to those of us to whom using an exchange actually appeals to... I guess another out is never bad but seems like a low commission exchange would generate significantly more volume and, thus, more revenue...

[Doug]

This be roughly a dimeline right ?