VERY interesting thread concerning MATCHBOOK...

[Chuck Sims]

I received a large withdraw from Matchbook via transfer. Process time 40 minutes. They continue to pay lightning fast.

Live betting is the best most of the time. Getting AZ +7½ -350 in the 4th qtr when it looked like they were going to win the game was pretty damn good. I also bet AZ -130 on the moneyline late in the 4th qtr.

[patswin]

i received a large withdraw from matchbook via transfer. Process time 40 minutes. They continue to pay lightning fast.

Live betting is the best most of the time. Getting az +7½ -350 in the 4th qtr when it looked like they were going to win the game was pretty damn good. I also bet az -130 on the moneyline late in the 4th qtr.

nice hit

[kmarinouofm]

so how does one get credit at matchbook? i didn't think they had agents.. do you have to ask for a form like the regular books?

[reno cool]

I don't even know what the point of betting before the game is anymore. Love live betting and making offers. Vastly superior way to bet sports.

[Matt Rain]

Matchbook has to be making some sick amounts of cash. Getting a loan for a risk free business that makes money by letting others bet with each other should be easy. A $30k bet is accepted at matchbook $240 straight down the pocket without risk. In yesterdays NFL there must have been enormous amounts matched for example.

No business is risk-free. I have no idea how many people work at Matchbook (40-50 including phone clerks? 1-2 million payroll, before taking into account executive compensation?), but I know that any popular website has quite a bit of overhead, if only in bandwidth fees.

At the current margins, they need a shitload of volume to cover their costs and hope to make a profit.

[noyb]

so how does one get credit at matchbook? i didn't think they had agents.. do you have to ask for a form like the regular books?

they obviously don't hand out credit to average guys like you and me, so no chance of that happening. an exchange like matchbook needs bettors, but bettors need offers so they can bet what they want when they want. basically matchbook needs offers in their markets all day long.
like on every single exchange there are big parties seeding countless markets with countless automatic offers. only a very small % of these offers is ever matched, but without credit these seeders would actually need the funds to make all those offers, which would be hugely unpractical. by giving them credit they can seed as many markets as they want, and since they're pretty good at it matchbook doesn't need to worry about them being a bad debt, unlike some average bettor betting on credit. they benefit, matchbook benefits and especially the customer benefits.

[Doug]

they seem to pay no problem....

[JELLYBEAN]

Here is the truth. Believe what you want.

Yes MB had credit. I would say most of big offers are credit. Sprio, bw and pinny are making most of them.

Yes MB tom got into trouble. You can say he was broke. A little birdie swooped in to save him. A lot of the credit guys got ****ed out of some money. There arm was twisted and it was take half or nothing. Now all the big credit guys are guaranteed by the little birdie. Let's just say this little bird now owns at least half of MB.

That is the 100% truth. I got ****ed a little, but in the end it was worth the new guarantees.


On another note: another big shot agent went real bad recently. That also had a lot to do with a lot of the changes some of us came upon recently. Those who know, know what I am talking about.

Anyway take care, and it is always better that 90% dontt know what goes on behind the scenes, it gets real ugly


later

[FreeFall]

isnt it sbrs job and duty to tell us what is going on here?????

That went out the window when they fired BBD.

[durito]

That went out the window when they fired BBD.

BBD was the most clueless guy in the entire industry. Pretty good moderator though.

[WileOut]

I don't even know what the point of betting before the game is anymore. Love live betting and making offers. Vastly superior way to bet sports.

You make money faster doing this and you lose it faster too. It took me roughly 3 weeks to lose a ton of money I had made over 3 years of doing this. And I was making good bets and getting the best lines.

Most people think this way when they first discover live betting. You feel like you are in much more control over making money. But you are not, and you will lose it just as easily.

[reno cool]

I'm curious to hear more about how you managed to do that.

[msdw1]

they obviously don't hand out credit to average guys like you and me, so no chance of that happening. an exchange like matchbook needs bettors, but bettors need offers so they can bet what they want when they want. basically matchbook needs offers in their markets all day long.
like on every single exchange there are big parties seeding countless markets with countless automatic offers. only a very small % of these offers is ever matched, but without credit these seeders would actually need the funds to make all those offers, which would be hugely unpractical. by giving them credit they can seed as many markets as they want, and since they're pretty good at it matchbook doesn't need to worry about them being a bad debt, unlike some average bettor betting on credit. they benefit, matchbook benefits and especially the customer benefits.

I remember Mansion letting users offer up to 100x their balance when they catered to US players. Mansion's software must have cancelled unfilled offers once a user's full balance was in play. Can MB do something similar?

[magnavox]

I remember this; it was an excellent feature.

[Jaug]

I don't really see the points in offering credit. If you don't have the money for sportsbetting you sure are not supposed to get it on credit. I mean offer big players 0.2 % commision when accepting bets and 0.2 % credit when getting their bets matched and then everyone should be happy.

[Santo]

That doesn't solve the problem of needing liquid markets - it's not practical to make market makers post up $1mil+ to seed the markets, as they'll simply go elsewhere.

[Jaug]

That doesn't solve the problem of needing liquid markets - it's not practical to make market makers post up $1mil+ to seed the markets, as they'll simply go elsewhere.

That's true, but sportsbetting + credit just sounds like a crazy idea to me.

[JELLYBEAN]

I agree certain individuals abuse the credit system, thus the reason for Matchbook Tom going broke. But now with they new birdies involved all is well over at MB

[miektheman]

jelly-how do you know so much about mathcbook???

[SPECULATOR 13]

I received a large withdraw from Matchbook via transfer. Process time 40 minutes. They continue to pay lightning fast.

Chucky that's good news but what did you mean by"via transfer"? (Is it bank wires?)because i am going to use the same process.

[Chuck Sims]

book to book transfer.

[wildemu]

where does WSEX go from here on out?

[JELLYBEAN]

jelly-how do you know so much about mathcbook???

I play on credit everywhere. I know everyone. I don't make it up. It is sites like these that lead the sheep to the slaughter. All they care about is there affiliate deals to make money.

[Chuck Sims]

where does WSEX go from here on out?

Just consider WSEX separate from Matchbook. The best info on the forums is that their connection is minimal.

[michael777]

i requested a fedex check from matchbook yesterday,this afternoom they emailed me the tracking number,check to arrive tomorrow

[bettilimbroke999]

Posted this quote from a thread at "peeps place" just bc the smiley at the end is fukin awesome:

YEH THATS RIGHT WHERE IS SUPER JEW JAY COHEN NOW TELLING EVERYBODY HOW SAFE THERE MONEY WAS AT WSEX.WHAT A F-CKING RAT BASTARD COHEN TURNED OUT TO BE (WSEX WILL ALWAYS BE THE SAFEST PLACE TO PLAY OFFSHORE) F-CK OF JAY COHEN I HOPE YOU GOT BONED UP THE ARSE IN THE CAN

[The Bishop]

Very little liquidity on NBA so far.

[clarkd32]

what has the nfl liquidity been like right before the games started this year?

[bookie]

Very little liquidity on NBA so far.

It was really good on 2H's the very couple of nights, but it sure sucked tonight. I made my first -110 bets of the season cause I couldn't get my better-than-Pinnacle offers filled.

[Nicky Santoro]

i'd say 90% of my offers are matched there in nba and ncaa today.. it's not really that bad. it has its moments though. but 1 game was weird as hell.. i swear to GOD, 30 seconds before post time, the DET/MIL game in nba had zero available on each side. it was blank.. not even 1$.. even at a price of 23 cents worse.. it was freakin empty. imagine that. an NBA game 30 seconds to post time. even if you wanted to bet DET, you couldn't..

it felt like i was looking at a hockey game. even the NHL had 124$ each way, unlike this game.

[Peep]

The thread continues.

Latest rumours/truths/take it for what it is worth are

1) They were bailed out 50 cents on a dollar by some of the principals of Pinnacle.
2) If they didn't get bailed out, postup funds were at risk as well.
3) Dave M was a big part of the problem, owing 10 million he couldn't pay.
4) The watchbook sites sat on this information.

[Nicky Santoro]

we need to know if matchy is 100% completely safe to continue betting with... i have gotten paid recently some big amounts too, but how is the future there.. do we continue betting there, or do we lower our funds.

[RealSlimShady]

You will get paid, Nicky.

[Chuck Sims]

I am relieved to hear Pinnacle has now taken over Matchbook. Smart move. The betting exchanges are the future of sports betting.

[The Bishop]

3) Dave M was a big part of the problem, owing 10 million he couldn't pay.

N00b question: who is Dave M?