Matchbook leaving the US

[sneak-a-peak]

Yep. Why sell...and now? And for the buyers why Matchbook and drop their base..is it the software what was it? Not many Euro's use MB, so it wasn't name recognition..and their marketing was weak..so what was it? How much WSEX get for this?

Exactly! Why? and What made all this happen?

I dont see any value for the new investors because of leaving the US market yet I see nothing but value for the old owners so like I said Im just more boggled here about everything.

[nyplayer33]

New owners concerned about legality of offering there service in usa i guess,

[Nicky Santoro]

check this chat out. i was shocked to hear this.


Nicky: do you think liquidity will be really really low for baseball and NFL or will it still be ok seeing there is no more us customers

Rosie: Liquidity will be back to as before within the next week or two

Nicky: wow, you serious??? do europeans and asians bet a lot of U.S. sports.

Rosie: Yes, we still have a large customer base and do not expect liquidity to suffer

[Trident]

New owners concerned about legality of offering there service in usa i guess,

100% the truth.

[dynamite140]

Hey guys do you think it is possible for them to reconsider on allowing b2b transfers? How can they just suddenly say we allow 1 withdraw only and only give us the option of wire or CC? What in the world is a CC withdraw?

[sharpcat]

check this chat out. i was shocked to hear this.


Nicky: do you think liquidity will be really really low for baseball and NFL or will it still be ok seeing there is no more us customers

Rosie: Liquidity will be back to as before within the next week or two

Nicky: wow, you serious??? do europeans and asians bet a lot of U.S. sports.

Rosie: Yes, we still have a large customer base and do not expect liquidity to suffer

Translation:

Rosie: Yes there will still be lots of offers up 30 minutes before game time just not any prior to that.

[wtf]

check this chat out. i was shocked to hear this.


Nicky: do you think liquidity will be really really low for baseball and NFL or will it still be ok seeing there is no more us customers

Rosie: Liquidity will be back to as before within the next week or two

Nicky: wow, you serious??? do europeans and asians bet a lot of U.S. sports.

Rosie: Yes, we still have a large customer base and do not expect liquidity to suffer

THESE are the same CS that were telling everyone earlier today that the USA market is still open and intends to stay open

SO they think by focusing on asian markets they are going to get customers that betfair already has??????

and btw , it is illegal in ASIA ALSO, just as it is in america, so i really dont get all this we are so afraid of america shit, whatever

[vanzack]

check this chat out. i was shocked to hear this.


Nicky: do you think liquidity will be really really low for baseball and NFL or will it still be ok seeing there is no more us customers

Rosie: Liquidity will be back to as before within the next week or two

Nicky: wow, you serious??? do europeans and asians bet a lot of U.S. sports.

Rosie: Yes, we still have a large customer base and do not expect liquidity to suffer

You are chatting to the Antguan equivalent of a US walmart employee. They tell you what they are told to tell you. If "Rosie" really told you what she was thinking, it would be "oh shit, where on Antigua am I going to find another sportsbook job. WSEX is sounding better and better."

[sharpcat]

Hey guys do you think it is possible for them to reconsider on allowing b2b transfers? How can they just suddenly say we allow 1 withdraw only and only give us the option of wire or CC? What in the world is a CC withdraw?

Start a new thread on this topic!

You have hit on this about 10 times in this thread and nobody seems to care too much but you. MB said no book transfers get over it already

[mikeanite]

i just got any email saying matchbook is transfering ownership and moving out of the US market. i wonder who is taking over

[nyplayer33]

Just called them and was told Council for new owners advised to bail out of usa market

[JW Cash]

Good thing I never put any money with them.......its off for Santorini for me.....

[FourLengthsClear]

Start a new thread on this topic!

You have hit on this about 10 times in this thread and nobody seems to care too much but you. MB said no book transfers get over it already

Quite aside from that, I can see the recipient books being reluctant (to put it mildly) unless they are paid up front.

[trumpdown]

Hey guys do you think it is possible for them to reconsider on allowing b2b transfers? How can they just suddenly say we allow 1 withdraw only and only give us the option of wire or CC? What in the world is a CC withdraw?

Basically just missed the boat. Check out "Wallstreet's" post earlier...took him 68 minutes.

[WileOut]

supply and demand. new exchange will emerge. Maybe the bookmaker one.

[dynamite140]

Basically just missed the boat. Check out "Wallstreet's" post earlier...took him 68 minutes.

Yea i saw that....

[RonPaul2008]

Basically just missed the boat. Check out "Wallstreet's" post earlier...took him 68 minutes.

I know, this pisses me off because i'm usually checking sbr constantly and I had not looked on sbr at all from whenever this thread was posted until well after wallstreet posted about his transfer. I definitely would have requested one immediately too. I requested one around an hour ago...which was before matchbook made any statement but I think I probably missed the boat as it is after 12:00 now and books dont normally take transfers at this time of day. grrrrrrr

[Domer]

I submitted my withdrawal email within 12 minutes of receiving it...hopefully I'm near the front of the line.

[KGambler]

Basically just missed the boat. Check out "Wallstreet's" post earlier...took him 68 minutes.

Shortly after seeing that, I tried to initiate a B2B transfer. It looks like it did not go through .

A check I requested yesterday has also not been debited from my account.

[BernardMadoff]

Greek and Bookmaker left for US customers pretty much.

Really? Didnt know that, did they get sold also?

[SportsMozart]

If MB thinks that pulling out from US markets is like taking a dump,they have second guess coming! Europe is not whole that big and it is football ( soccer) oriented. There are lots of Asians but most of them can barely buy a plate of rice for lunch. MB liquidity will suffer - we are talking about baseball and American football. Those are the sports rest of the world don't really follow. I came to US from Finland in 2002, it took me 5 years before I started to understand the rules of a baseball... It is incredibly boring to watch but probably the best sport to bet on.

Europeans watch football- world football. They watch hockey and basketball. Nobody knows a thing about NFL or MLB over there!

Some they these old school bureaucrats here in US will maybe come to senses and quit isolating US population from the rest of the world by hiding behind the idiotic laws they produce. Otherwise this country that once was free starts to look like huge concentration camp.

[TodayIsForgotten]

So it safe to say those who transferred money from Wsex dont have to roll money over now? ****. I shouldn't have blown the 3k I did have there. oh well. Life.

[KGambler]

There is a guy posting on 2+2 who says he is affiliated with the new management.

http://forumserver.twoplustwo.com/40/sports-betting/according-sbr-matchbook-leaving-u-s-market-988577/

[vyomguy]

Really? Didnt know that, did they get sold also?

No dude...he said those are the only 2 outs for big US players now.

[sharpcat]

If MB thinks that pulling out from US markets is like taking a dump,they have second guess coming! Europe is not whole that big and it is football ( soccer) oriented. There are lots of Asians but most of them can barely buy a plate of rice for lunch. Their liquidity will suffer - we are talking about baseball and American football. Those are the sports rest of the world don't really follow. I came to US from Finland in 2002, it took me 5 years before I even understood the rules of a baseball... Europeans watch football- world football. They watch hockey and basketball. Nobody knows a thing about NFL or MLB over there!

Some they these old school bureaucrats here in US will maybe come to senses and quit isolating US population from the rest of the world by hiding behind the idiotic laws. Otherwise this country that once was free starts to look like huge concentration camp.

I think the new owners were mainly looking to buy the MB name and platform, my understanding is that it was bought by a european syndicate so they likely do not have the kind of financial resources to not only defend themselves against the US govt but also to cover processing costs of deposits and withdrawals.

I would suspect that the new owners are going to be taking more of a position as the market makers until they can increase their volume of 3rd party market makers.

[JDUB07]

Yeah, I just got the standard email as well. I don't understand how leaving the US Market would be a good idea but what do I know?

[KGambler]

I think the new owners were mainly looking to buy the MB name and platform, my understanding is that it was bought by a european syndicate so they likely do not have the kind of financial resources to not only defend themselves against the US govt or to cover processing costs of deposits and withdrawals.

I would suspect that the new owners are going to be taking more of a position as the market makers until they can increase their volume of 3rd party market makers.

According to the guy on 2+2...

1. more than half of their customers are non-American

2. they will be making a big move into Asia soon

People say their software is horrible. I don't agree. I like their software. I have never used BetFair though.

[TheGuesser]

Yeah, I just got the standard email as well. I don't understand how leaving the US Market would be a good idea but what do I know?

It depends who bought them and why? If Betfair or another Euro exchange bought them, for instance, to reduce competition, the US market isn't a big deal. They might have been bought for their software.

[sharpcat]

According to the guy on 2+2...

1. more than half of their customers are non-American

2. they will be making a big move into Asia soon

People say their software is horrible. I don't agree. I like their software. I have never used BetFair though.

software would be better if you could easily monitor all games in each market at once this is my biggest gripe with MB.

[Stacocakes]

So for people that are not in the states, should we bail on matchbook or keep playing there? I've felt uneasy about this book for some time and this is not making me feel any better

[ForgetWallStreet]

The no B2B thing is ridiculous. It's like SBR was misinformed last week on purpose so that there wouldn't be a run on the bank that would prevent the new ownership from raping the old clientele on its' way out the door.

[Foosball Champ]

Matchbook leaving the U.S. market leaves a huge niche for exchange wagering. Ehorsex.com has exchange wagering on horses and sports maybe they will pick up the slack.

[dynamite140]

forgetwallstreet, what time exactly yesterday did you send the email for the book to book transfer? And around what time was it when the money hit your 5dimes account?

[FourLengthsClear]

So for people that are not in the states, should we bail on matchbook or keep playing there? I've felt uneasy about this book for some time and this is not making me feel any better

I have withdrawn about half my balance (not in my Neteller yet but they normally take 24 hrs) and will see how things go. I can't see how there will be any sort of worthwhile volume but we will see.

[ForgetWallStreet]

forgetwallstreet, what time exactly yesterday did you send the email for the book to book transfer? And around what time was it when the money hit your 5dimes account?

9:14 CST, money was in my 5 Dimes account at 10:22.