ATTN: Matchbook Players

[EBone]

Since I've never played there because I've been out of the online gambling scene for quite some time now, I'm wondering how the 2% commission structure is working out PER MARKET!

That would seem to me to be quite an advantage. If the posters would, please answer these questions for me:

1) Does "per market" mean "per sport"? As in, there would be a running tally for commissions paid per sport you bet. A running commissions paid tally each for baseball, basketball, football, etc...

2) If you've been betting for awhile on Matchbook, what percent commission as a function of betting volume overall have you paid? I would suspect that, overall if I understand the commissioning system correctly, it would be closer to 1%.


Please advise. I look forward to your answers.



E

[vanzack]

Since I've never played there because I've been out of the online gambling scene for quite some time now, I'm wondering how the 2% commission structure is working out PER MARKET!

That would seem to me to be quite an advantage. If the posters would, please answer these questions for me:

1) Does "per market" mean "per sport"? As in, there would be a running tally for commissions paid per sport you bet. A running commissions paid tally each for baseball, basketball, football, etc...

2) If you've been betting for awhile on Matchbook, what percent commission as a function of betting volume overall have you paid? I would suspect that, overall if I understand the commissioning system correctly, it would be closer to 1%.


Please advise. I look forward to your answers.



E

1. Per market means for the individual market, at a given spread. It is not per sport, it is not even for a total and a ML on the same game. If you bet a football game at -4 and the line goes to 4.5 and you bet it again, those are different markets and you will pay 2% and they will not net out. The only time the commission nets out to just winnings is when the pointspread (not the ML) are exactly the same.

2. This is hard to answer, but since you only pay commission on your winnings, and only your net winnings, you are not paying 2% on every wager you make if that is what you are asking.

On a side note, MB is the best book out there right now bar none for betting sides and totals. If you bet parlays, teasers, props etc you need to have an additional book, but for sides and totals you cant beat it.

[EBone]

vanzack,

Thank you for your response. It certainly helps me understand better. Just trying to learn something.

To Statement #2 in your response, I was trying to get at what percentage in relation to total betting dollars (win or lose) would an established bettor at Matchbook pay.

I was lookin' at doing some Excel mumbo-jumbo with the Matchbook lines but wanted to factor in a real commission percent value.


One last question: If one were to look at Matchbook as a function of "out of pocket" betting dollars vs. the actual commissioned dollars paid, would it make sense to say that betting favorites at Matchbook is the better way to go than betting underdogs, specifically in betting moneylines? I ask this because you are only paying a commission on money actually gained on the exchange.


Thanks for your help.



E

[vanzack]

vanzack,

Thank you for your response. It certainly helps me understand better. Just trying to learn something.

To Statement #2 in your response, I was trying to get at what percentage in relation to total betting dollars (win or lose) would an established bettor at Matchbook pay.

I was lookin' at doing some Excel mumbo-jumbo with the Matchbook lines but wanted to factor in a real commission percent value.


One last question: If one were to look at Matchbook as a function of "out of pocket" betting dollars vs. the actual commissioned dollars paid, would it make sense to say that betting favorites at Matchbook is the better way to go than betting underdogs, specifically in betting moneylines? I ask this because you are only paying a commission on money actually gained on the exchange.


Thanks for your help.



E

I understand what you are trying to establish and yes your comment of underdogs pay more commission vs favs is valid.

But one overriding thought: 95% of the time MB will have the best line even with the commission. MB has 1 cent spreads in MLB, add (roughly) 2 cents to either side and you have a nickel baseball line (and that is being generous because you only pay commission when you win).

Now bring that to NFL or NCAAF, and it is better than pinnacle was.

Now add to that the fact that MB would be the last book to close up shop, because they have ZERO interest in the outcome of games.

Now add to that the fact that MB is in Antigua, the last place on earth right now that the US govt is going to **** with.

Now add to that the fact that you will never be banned for winning at MB no matter how much you win, because they dont care if you win!

Throw it all together and you have close to a perfect book.

[EBone]

vanzack,

Thanks for your comments. I think I have my head wrapped around this now. Appreciate your thoughts.


E

[the_fredrik]

Here is how to convert the matchbook odds to normal odds (normal=the type of odds we are used to, the odds we actually get, when the commission has been taken out.)

1. Start with the odds in EU format. For instance. 1.65

2. Now remove 1 and multiply with 0.98.
Example 1.65 -1 = 0.65 0.65*0.98=0.637

3. Add one again. You will get 1.637

So, 1.637 is the odds you will get at Matchbook.

(If you are used to american odds, you have to learn how to convert back and forth between american odds and european odds as well)