Thinking about starting an exchange.

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  • BLACKIE
    SBR Sharp
    • 09-25-09
    • 430

    #1
    Thinking about starting an exchange.
    Been looking at advancing our offerings to the professional gambler. Can the market support another exchange?
  • Fishhead
    SBR Aristocracy
    • 08-11-05
    • 40179

    #2
    I would certainly think so, especially for residents in the United States.

    If it is operated in the same professionalism as Rebatewager has demonstrated in their short time in the offshore community, it would undoubtedly be a smashing success.
    Comment
    • Richkas
      SBR Posting Legend
      • 02-03-08
      • 19396

      #3
      If it is operated in the same professionalism as Rebatewager has demonstrated in their short time in the offshore community, it would undoubtedly be a smashing success.
      Comment
      • mrmarket
        SBR MVP
        • 01-26-10
        • 4953

        #4
        Is it going to be operated in the sportsbook or is it going to be a separate entity? If it is the latter then free money exchanges between the sportsbook and the exchange would get my money.
        Comment
        • polskboy
          SBR MVP
          • 01-29-10
          • 1688

          #5
          Originally posted by Fishhead
          I would certainly think so, especially for residents in the United States. If it is operated in the same professionalism as Rebatewager has demonstrated in their short time in the offshore community, it would undoubtedly be a smashing success.
          wow thats all i have to say.
          Comment
          • BLACKIE
            SBR Sharp
            • 09-25-09
            • 430

            #6
            We definitely have the staff and resources to pull it off. It would be more of a betting club then an exchange with us taking a small percentage for managing it. I'm gonna work on a plan over the next week or so and would love member feedback on what they would like to see in a perfect exchange.
            Comment
            • Chi_archie
              SBR Aristocracy
              • 07-22-08
              • 63172

              #7
              keep us informed
              Comment
              • minet123
                SBR Posting Legend
                • 02-17-07
                • 10280

                #8
                Blackie to be successful use the betfair model
                back and lay wagers
                In Play on National TV games to start
                Offer Horse Racing,Only the bigger tracks and only one to start I.E Belmont,Than Saratoga and Del Mawr than Santa Anita and ADVERTISE IN THE DRF buy a mailing list from brisnet.This will get people familiar with the concept on $2 wagers
                Don't give credit to the Lenny's and Jay's of the industry to seed the markets
                Stick with it and my fellow players will hate me for saying this but start with low commissions than as it becomes more successful use the betfair model with the points discount
                Comment
                • BLACKIE
                  SBR Sharp
                  • 09-25-09
                  • 430

                  #9
                  Most rec guys don't want to be bothered by an exchange so this would be a separate entity from the rebatewager brand with a board of directors made up of existing players overseeing the viability and liquidity of the club.
                  Comment
                  • philswin
                    SBR MVP
                    • 04-18-07
                    • 1279

                    #10
                    If the lines and the liquidity are there - people will come
                    Comment
                    • mathdotcom
                      SBR Posting Legend
                      • 03-24-08
                      • 11689

                      #11
                      you should hire Fishhead as a consultant if you want to do it right
                      Comment
                      • BLACKIE
                        SBR Sharp
                        • 09-25-09
                        • 430

                        #12
                        Keep your thought and suggestions coming. I gotta go but will check back in later.
                        Comment
                        • whatsgood5
                          Restricted User
                          • 10-13-09
                          • 15359

                          #13
                          I would absolutely love to see this happen.
                          Comment
                          • Yi
                            SBR Wise Guy
                            • 03-19-09
                            • 646

                            #14
                            Originally posted by BLACKIE
                            Been looking at advancing our offerings to the professional gambler. Can the market support another exchange?
                            That would be the most exciting news in a long time.
                            Comment
                            • jjgold
                              SBR Aristocracy
                              • 07-20-05
                              • 388179

                              #15
                              Great idea

                              certainly would work as long as rebatewager ran it

                              you need guys like Fishhead and a few other sharps to assist in making sure it is set up right with great software.
                              Comment
                              • SlickFazzer
                                SBR Posting Legend
                                • 05-22-08
                                • 20209

                                #16
                                FH would make an excellent consultant for this type of venture.
                                Comment
                                • Brock Landers
                                  SBR Aristocracy
                                  • 06-30-08
                                  • 45359

                                  #17
                                  as long as moving money in and out are easy, you can be the next pinnacle
                                  Comment
                                  • BLACKIE
                                    SBR Sharp
                                    • 09-25-09
                                    • 430

                                    #18
                                    Not only do I think we can move the funds efficiently. I think I can bring a lot of liquidity to the markets from my VIP business as a majority of it's members our in the financials. They have been asking me for an exchange for years.
                                    Comment
                                    • Kemalettin
                                      SBR MVP
                                      • 03-20-10
                                      • 1351

                                      #19
                                      Lots of ppl in europe making money only in exchange..Some of them not even placed one line bet in their lives.believe me..Their profession %100 exchange..(betfair)
                                      Comment
                                      • Dank_Fire
                                        SBR MVP
                                        • 05-13-09
                                        • 2272

                                        #20
                                        Great Idea...

                                        Id be the first to post up
                                        Comment
                                        • minet123
                                          SBR Posting Legend
                                          • 02-17-07
                                          • 10280

                                          #21
                                          Originally posted by Kemalettin
                                          Lots of ppl in europe making money only in exchange..Some of them not even placed one line bet in their lives.believe me..Their profession %100 exchange..(betfair)
                                          THIS !!!!
                                          Comment
                                          • Karayilan9
                                            Restricted User
                                            • 01-10-09
                                            • 3742

                                            #22
                                            The market needs more exchanges, there isn't enough competition, have the back and lay options, start with a lower commission rate and don't penalize big winners with premium commission rates.
                                            Comment
                                            • Jiggy Fly
                                              SBR MVP
                                              • 05-02-08
                                              • 1256

                                              #23
                                              Great Idea. I'm there if it happens!!
                                              Comment
                                              • Kemalettin
                                                SBR MVP
                                                • 03-20-10
                                                • 1351

                                                #24
                                                shame its only one book in the world offering every market (Betfair) Matchbook should improve their base and go bigger imho.Europeans knows this exchange stuff so matchbook not even interested with european market.A few deposit method available for us (they need to add ukash-paysafe-paypal-western union bank wire etc.)
                                                If matchbook adds more european soccer and deposit withdrawl methods automatically they ll earn lots of eu customer so this means more market in other sports nba-nfl-mlb
                                                Comment
                                                • Flying Dutchman
                                                  SBR MVP
                                                  • 05-17-09
                                                  • 2467

                                                  #25
                                                  With books throwing out folks left and right because they win, another exchange is good. It will be bonded, right?

                                                  Comment
                                                  • Karayilan9
                                                    Restricted User
                                                    • 01-10-09
                                                    • 3742

                                                    #26
                                                    Originally posted by Kemalettin
                                                    shame its only one book in the world offering every market (Betfair) Matchbook should improve their base and go bigger imho.Europeans knows this exchange stuff so matchbook not even interested with european market.A few deposit method available for us (they need to add ukash-paysafe-paypal-western union bank wire etc.)
                                                    If matchbook adds more european soccer and deposit withdrawl methods automatically they ll earn lots of eu customer so this means more market in other sports nba-nfl-mlb
                                                    Betdaq is an exchange, not as good but its ok, Betsson also has an exchange and book, its pretty good.
                                                    Comment
                                                    • jjgold
                                                      SBR Aristocracy
                                                      • 07-20-05
                                                      • 388179

                                                      #27
                                                      Blackie get this going asap
                                                      we need it for football

                                                      you could knock out matchbook if done right and great software
                                                      Comment
                                                      • Brock Landers
                                                        SBR Aristocracy
                                                        • 06-30-08
                                                        • 45359

                                                        #28
                                                        This should be regulated by the US Government the same as the stock market...what the fuk is wrong here that we have to do this shit all black market?
                                                        Comment
                                                        • Kemalettin
                                                          SBR MVP
                                                          • 03-20-10
                                                          • 1351

                                                          #29
                                                          Originally posted by jjgold
                                                          Blackie get this going asap
                                                          we need it for football

                                                          you could knock out matchbook if done right and great software
                                                          Yeah JJ right.Imho Matchbook has dandy software.not looks handy to me.Check www.betfair.com very understandable and classy page

                                                          @Karayilan
                                                          i was member @ betdaq there is not enough market and liquidity
                                                          Comment
                                                          • Fishhead
                                                            SBR Aristocracy
                                                            • 08-11-05
                                                            • 40179

                                                            #30
                                                            I really like the software at Matchbook
                                                            Comment
                                                            • wrongturn
                                                              SBR MVP
                                                              • 06-06-06
                                                              • 2228

                                                              #31
                                                              You can advertise it as regular book and seed each side -110 initially. I don't see why rec folks won't use it.
                                                              Comment
                                                              • pitman
                                                                SBR MVP
                                                                • 08-15-09
                                                                • 2216

                                                                #32
                                                                if rebate wager katie shows some skin it will work
                                                                Comment
                                                                • Dank_Fire
                                                                  SBR MVP
                                                                  • 05-13-09
                                                                  • 2272

                                                                  #33
                                                                  Originally posted by jjgold

                                                                  you could knock out matchbook if done right and great software
                                                                  lol....and if he had ultra low prices with great liquidity.....easier said than done
                                                                  Comment
                                                                  • jjgold
                                                                    SBR Aristocracy
                                                                    • 07-20-05
                                                                    • 388179

                                                                    #34
                                                                    Originally posted by Dank_Fire
                                                                    lol....and if he had ultra low prices with great liquidity.....easier said than done
                                                                    Danker I know

                                                                    But Matchbook is POORLY managed and Rebatewager Group is greatly managed with high skilled people, if they get into exchange business they can make it work well.
                                                                    Comment
                                                                    • jw
                                                                      SBR MVP
                                                                      • 10-25-09
                                                                      • 3999

                                                                      #35
                                                                      Originally posted by jjgold
                                                                      if they get into exchange business they can make it work well.
                                                                      I wish someone would .... and quick - i'd give my left nut for a betfair account.

                                                                      Comment
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