[MeanPeopleSuck]

Hi, guys, I could use some help.

Today, I used Odsy88 to open an account at OrbitX. I funded with .35 BTC, which we converted during live chat into 2954 Euros. So far, so good.

When I logged into my OrbitX account my balance was correct, 2954, but nowhere on the site does it specify the currency it's in and the math doesn't seem to match up for Euros. There's also no currency specification of the deposit, just a deposit for 2954.

Still, alone that's no biggie. But when I made my first bet offer for 2500, it only appeared on the main Betfair site as being for 1100 pounds. Since 2500 Euros are worth about 2200 pounds, I'm wondering why only half my offer was being reported by Betfair.

I can think of legit reasons for this -- maybe OrbitX only reports half the bets it takes in to Betfair? -- but as a bet broker newbie I feel obligated to worry that maybe I've been given an OrbitX account in some random currency worth only about half as much as Euros.

When I compared the "Bets Matched" totals for the US Presidential market I noticed the same problem. At the Betfair main site they tell you there's been 37.4 million pounds in matched bets. https://www.betfair.com/exchange/plu...etting-2378961

Since 37.4 million pounds equals 42 million Euros, that's the number I expected to see on my OrbitX page that's supposed to be in Euros. But instead the "Bets Matched" number was 82 million.

I'm sure I'm wrong but one possible explanation for why the matched bets total I expected to be 42 million Euros appears as 82 million is because I'm looking at a page whose currency isn't Euros, but instead is a currency worth about half that of Euros.

I'm new to bet brokers, so I guess my question is, "Do these math inconsistencies happen to everybody or might I have a real problem here (whether purely an accident or otherwise)?"

Thanks in advance for any help or guidance anybody can offer.

[Optional]

OrbitX is taking 50% of the risk against you. That would be why you only see half pop up on the main Betfair site.

It's normal for broker accounts.

[Bcatswin]

Opty is correct

[jjgold]

Be careful these sites

Many underfunded and zero regulations or license

[MeanPeopleSuck]

OrbitX is taking 50% of the risk against you. That would be why you only see half pop up on the main Betfair site.

It's normal for broker accounts.

Thanks, my man. I can always count on you!

[MeanPeopleSuck]

Opty is correct

Good to see ya again, Bcats. Thanks for the reassurance.

[Ruifgalmeida]

OrbitX is taking 50% of the risk against you. That would be why you only see half pop up on the main Betfair site.

It's normal for broker accounts.

I understand that on a bookie, but what risk there is in a exchange? My question is what Betfair as to lose?

[biggie12]

you guys will never get your cash out if you hit big with these small time brokers.

[Optional]

I understand that on a bookie, but what risk there is in a exchange? My question is what Betfair as to lose?

The broker only books the sharps bets through them and keeps any square money for themselves I think was part of the problem. A broker also told me it was something to do with syndicate action, which I didn't really understand at the time. I don't really know for sure. One of the broker experts here can probably explain.

[MeanPeopleSuck]

you guys will never get your cash out if you hit big with these small time brokers.

Due to that exact worry, I want to split my broker-earmarked cash into two different brokers. I've spent all day doing due diligence and just when I find one that looks great, like Betinasia or Sportmarket, they all seem to turn out not to take Americans.

Does anybody have any recommendations for a second bet broker? Is the word on the street positive for Brokerstorm (possibly AKA Mountbet)? Any others with solid reps?

[biggie12]

Due to that exact worry, I want to split my broker-earmarked cash into two different brokers. I've spent all day doing due diligence and just when I find one that looks great, like Betinasia or Sportmarket, they all seem to turn out not to take Americans.

Does anybody have any recommendations for a second bet broker? Is the word on the street positive for Brokerstorm (possibly AKA Mountbet)? Any others with solid reps?

save your cash and time and bet with a bit more vig u will save heasdaches down the road.

[jjgold]

Forget brokers are nothing but problems

[MeanPeopleSuck]

save your cash and time and bet with a bit more vig u will save heasdaches down the road.

I completely respect your position.

I've got accounts at the top rated books, but I tend to be kind of an adventure sports gambler, taking accounts at lots of risky books (I've got accts at books rated D- and F by SBR), because while it means more hassles and some outright screwings on the payout side, those are the books that are easiest to beat.

[Colonist]

I had a negative experience with Brokerstorm. Poor customer service.

Due to that exact worry, I want to split my broker-earmarked cash into two different brokers. I've spent all day doing due diligence and just when I find one that looks great, like Betinasia or Sportmarket, they all seem to turn out not to take Americans.

Does anybody have any recommendations for a second bet broker? Is the word on the street positive for Brokerstorm (possibly AKA Mountbet)? Any others with solid reps?

[MeanPeopleSuck]

I had a negative experience with Brokerstorm. Poor customer service.

Thanks for the input. I appreciate it.

[tingasdt]

And could it be that on other occasions they add risk along with your bet? In other words, I have placed stake 100 bets that have been positioned as 125.

OrbitX is taking 50% of the risk against you. That would be why you only see half pop up on the main Betfair site.

It's normal for broker accounts.

[Ruifgalmeida]

Due to that exact worry, I want to split my broker-earmarked cash into two different brokers. I've spent all day doing due diligence and just when I find one that looks great, like Betinasia or Sportmarket, they all seem to turn out not to take Americans.

Does anybody have any recommendations for a second bet broker? Is the word on the street positive for Brokerstorm (possibly AKA Mountbet)? Any others with solid reps?

Use Brokerstorm with causion they are a bit weird.
Betinasia and sportsmarket are solid, you can also try Asianconnection/Asianodds88 and vodds but you will have nothing to gain for that.

[biggie12]

I completely respect your position.

I've got accounts at the top rated books, but I tend to be kind of an adventure sports gambler, taking accounts at lots of risky books (I've got accts at books rated D- and F by SBR), because while it means more hassles and some outright screwings on the payout side, those are the books that are easiest to beat.

but when u beat them u have to prey that u get paid. Not worth it in long run

[jjgold]

but when u beat them u have to prey that u get paid. Not worth it in long run

end of game

[tingasdt]

Hello again.

Could any of you who have Whitehorse verify (in a non-active market) which stake is positioned, for example when he launches a bet of € 100?

That is, in all my bets it always increases by 25%, if my stake is 100 ... whitehorse really positions another 25 from its own fund.
I have the feeling that it is an added risk that my decisions effect as a bankroll for theoretically having good results.

could be?
I find it novel and unknown if this were really so.

And could it be that on other occasions they add risk along with your bet? In other words, I have placed stake 100 bets that have been positioned as 125.

[MeanPeopleSuck]

but when u beat them u have to prey that u get paid. Not worth it in long run

Absolutely true. The annual O/U for times I get completely stiffed by a book is around 1.5.

In addition, even when skeezy books pay, they use endless delay tactics like demanding KYC stuff, one piece at a time, culminating in selfies with you holding your ID next to your face which they often deem "too blurry" so you have to redo them, etc. Fortunately, I really don't mind waiting, even weeks if necessary, for my payouts.

And we're in complete agreement on one thing: venturing into the sportsbooks' seedy underbelly definitely isn't for everyone. I guess my view is that if the options are having a headache, hassle and delay fighting for profits made against soft lines vs. having no headache because there's no profits, I'm in the "willing to take the headache" camp.

[MeanPeopleSuck]

Hello again.

Could any of you who have Whitehorse verify (in a non-active market) which stake is positioned, for example when he launches a bet of € 100?

That is, in all my bets it always increases by 25%, if my stake is 100 ... whitehorse really positions another 25 from its own fund.
I have the feeling that it is an added risk that my decisions effect as a bankroll for theoretically having good results.

could be?
I find it novel and unknown if this were really so.

Props to you if they're tailing your plays.

My bet broker's covering half of each of my bets, meaning he thinks I've got "Fish" tattooed across my forehead which is annoying because as you can plainly see, the tattoo across my forehead reads "Phish."

[jjgold]

Oddysey uses garbage mobile software