How Can Matchbook Have Such Low Juice?

[jjgold]

I do not get it

[austintx05]

they hold the bets between 2 bettors...so the bettors actually agree on the price. Matchbook has nothing to do with the juice...at least this is my understanding...

[vanzack]

Its strict person to person wagering.

Matchbook doesnt set the juice, the market does.

Matchbook does well when there is volume.

Its the best business model for the player for many reasons. One, you get great juice. Two, Matchbook is never at risk so your money is safe as can be.

[jjgold]

I have been playing around with it and it seems just like pinnacle but on a smaller level as far as bet amounts are concerned.

[Dark Horse]

Matchbook charges a small fee for winning bets. That's how they make their money.

Just another example that 'winners pay the juice'. Right, Ganch?

[austintx05]

The only similarity between Matchbook and PInnacle is the reduced juice...one is an exchange, the other is not.

[raiders72002]

I do not get it

Caoch- I've been asking myself the same question. I think they close their doors within two months.

[Doug]

Caoch- I've been asking myself the same question. I think they close their doors within two months.

Then you don't get it ! It makes no difference to Matchbook if every basketball game has offers on both sides at -101, or -105. In fact it's better if everything is super-tight, then more trades, and more cut for them.

They earn 2% of the won amount.

[Jay Edgar]

Doug, it's hopeless.

And apparently nobody's going to stop this kind of dumbing down of the board.

Sadly.

[Santo]

I had a reply tapped out when I first saw this earlier along the line of J.E, but passed because it invariably results in personal attacks.

SBR need to stop these kind of posts, not only does it dumb down, but may well mislead.

JJ surely has served his purpose here. You have traffic. Now follow the rest and cut him loose.

[raiders72002]

Santo- I'd cut JJ some slack on this one. Even though I added to the idiocy of the thread it can teach others about exchanges.

[turbobets]

Santo- I'd cut JJ some slack on this one. Even though I added to the idiocy of the thread it can teach others about exchanges.

"it can teach others about exchanges"

This has to be the reason otherwise I am dissapointed in you JJ.

[BlackJack]

Caoch- I've been asking myself the same question. I think they close their doors within two months.

LMAO

Matchbook makes 2% of all winning bets with ZERO risk.....

its the best business model out there....

[Doug]

LMAO

Matchbook makes 2% of all winning bets with ZERO risk.....

its the best business model out there....

It's a good thing for the players. No need to get harsh with thost that see -105/ +104 and don't understand that is a sign that Matchbook is working as it is supposed to work, and instead view it as them giving the store away.

Educate those that see this strength, as a weakness.

Ultimately this model is very dangerous to traditional -110 books.

If done with no seeding of the market ( unlike early Mansion), and sufficient volume, it cannot fail.

As Wildbill (former RX,current EOG guy) has stated, it operates within Pinny lines, so if Pinny runs -105 on both sides of something, that event can naturally gravitate towards a line of about -101 at Matchbook ( like -103 after commission).

I do it like this, if I want LAL +7, and that's the standard line, and Pinny has +7 -105, and Matchbook is at -105, I'll submit an offer to take LAL +7 at say +102 ( to me), the other guy gets -102 ( like -104), I get the equivelant of +100, we both get a better deal than Pinny !

[new2betting]

Wikipedia's definition on Bet Exchange

I am loving matchbook and the other exchanges but matchbook is gaining in volume rapidly.

[slash]

If done with no seeding of the market ( unlike early Mansion), and sufficient volume, it cannot fail.

Mansion has always seeded and still seeds their exchange.. or are you saying something else?

[sportsfanatic]

Matchbook welcomes all. They like winners and losers. It's all about volume to them. More volume, more volume, more volume!

[marc]

Matchbook makes money becuase there are enough people out there who are too lazy or too foolish to realize how significant a 2% fee is.

If I were a sportsbook, I would charge 0 juice all the time. I would just hit the winners with a 3% surcharge.

[jjgold]

I wonder though if matchbook is filling the orders

Is it their volume?

How do we know?

[durito]

Matchbook makes money becuase there are enough people out there who are too lazy or too foolish to realize how significant a 2% fee is.

If I were a sportsbook, I would charge 0 juice all the time. I would just hit the winners with a 3% surcharge.

that's still juice.

[Checkerboard]

that's still juice.

exactly. What places like this need is a sliding scale to reward volume. So as you play more the % that comes of the wins is
reduced to a low of 1.6 or so, but done in increments over the
player's history, So the player has to earn their 1.6% player's status.

[marc]

that's still juice.

That's my point. Evryone who talks about how great matchbook is, often fails to consider the 2% fee they charge

[jjgold]

so what is better

matchbook -5.5 -103
book B -5.5 -110

[rm18]

matchbook -103 = between -105 and -106

[jjgold]

thanks guy

I still think then most lines matchbook will beat in juice compared to other books.

[Ganchrow]

so what is better

matchbook -5.5 -103
book B -5.5 -110

Q: If you place an offer on the Matchbook exchange at a line of L, what would the equivalent line be at a sportsbook?

• for L <= -100 (-100, -101, -102, etc.)
  sportsbook equivalent = L / 98%
• for +100 <= L <≈ +102.04
  sportsbook equivalent = -10,000 / ( L * 98%)
• for L >≈ +102.04
  sportsbook equivalent = L * 98%

Examples:

• A Matchbook trade at -103 is the sportsbook equivalent of -103*98% = -105.10.
• A Matchbook trade at +150 is the sportsbook equivalent of +150*98% = +147.00.
• A Matchbook trade at +101 is the sportsbook equivalent of -10,000 / (101 * 98%) = -101.03.

For decimal odds the conversion's a bit more straightforward. A Matchbook trade at decimal odds of D is the sportsbook equivalent of 2% + 98%*D.

[jjgold]

Ganch............well perfect answer like usual

you got every number covered, unreal

ganch.com