World Bet Exchange (WBX) - Anyone here try them?

[betplom]

World Bet Exchange (WBX)

Obviously a Euro betting exchange taking on Betfair.

Anyone have any experience with them?
Any info from SBR?

[fingas]

what info do you need?

I have an account with them

[betplom]

what info do you need?

I have an account with them

What is volume like?

Obviously they are regulated/licensed in Europe so funds are safe.

How long to get paid?

Thanks.

[bigboydan]

Not sure about what the volume is like there BetPlom, however I noticed that they still aren't accepting Moneybookers.

[katstale]

AND,

BOL and Skybook are also not accepting Moneybookers?? Whats still up with that?

Sorry to hijack this--it just struck me i am still mad abt this issue.

[betplom]

Not sure about what the volume is like there BetPlom, however I noticed that they still aren't accepting Moneybookers.

I was specifically thinking of Moneybookers but for got to mention it.

No Moneybookers, no play for me.

[fingas]

that is something that they clearly need to change, they've told me in the past that since they were starting they only would have few deposits methods.

They only have credit cards option or neteller (do you have it betplom?)

Plus, they only accept pounds sterling as currency so beware of this fact.


As for liquidity, isn't so great like betfair or betdaq but they have a good liquidity in great events such as UK horses and major soccer fixtures.

Payments are usually fast, when i want a withdrawal back to neteller, i usually send them an email and within the same day i have my funds back in neteller.

Never had a problem with them.


As for commission charged, it varies from 3% to 5%.
The way they calculate it are diferent from betfair.

this is how they do it:

WBX's Maximum Market Rates vary depending on the number of entrants in a market:

3 or less entrants = 3%
4 entrants = 4%
5 or more entrants = 5%

so if you are betting on a baseball match you get 3% commission on your winnings, if it's a horse race with more than 4 horses you get 5% commission on winnings

[fingas]

they usually have some minor bonus in big events. With the EURO2008 you can find those bonuses in their website.

Never had a problem with them

[SBR Lou]

Wish I could play at Betfair.

[chemist]

AND,

BOL and Skybook are also not accepting Moneybookers?? Whats still up with that?

Sorry to hijack this--it just struck me i am still mad abt this issue.

I believe MB fees are quite high for the merchant.

[fingas]

look at qq exchange dot com , ample liquidity, quick payouts

nice one qq
You are only advertising this new exchange (which i never heard of).

But by taking a look at their site, Global betting Exchange is behind them (the sames from betdaq).

So, now i see that this new exchange has the purpose of atracking asians money to the exchange and since I HATE CHINESE my money won't be there.

Plus, why the hell would i bet in this exchange at a commission of 5% over winnings when i can place the same bet at betmate and be only charged of 3% in commission winnings?

NO THANKS

AND DEPOSIT FEES SO HIGH?

Paypal
Fees
Deposits: 4.0%

Credit cards
Fees
Deposits: 4.0%

[Art Vandeleigh]

I will gladly play at qq exchange if SBR gives it a thumbs up or at least a neutral rating. I don't see it rated anywhere, and have never heard anything about this site from any player, the search function here didn't provide any more info on this book

Anyone other than qq know anything about this exchange?

Fingas where do you see they are part of Global Betting Exhange? In their "About us" section, this is what they write:

"QQexchange is an alternative e-trading facility. This means we provide an electronic market place to match parties together that have a position on the outcome of an "event".

This event can be just about anything, the movement of a currency, political election, sporting event, a horse race, etc.

QQexchange operates exactly like ANY stock exchange. We have NO position on the outcome of the event. We make a small portion of commission off the winners dividend.

Some of the unique features you will find on our exchange is the ability;


Trade with someone/something to LOSE
Trade while the event is taking place, trading continues till completion

QQexchange is a privately held entity, with major partners in Europe and Asia. And is soon to be listed on a bourse in Asia.

Look forward to serving you.

Please do not hesitate to contact us."

[fingas]

on their site click on privacy, then you'll see this:

global betting exchange, operates the qqexchange website ("website"). in this privacy policy, references to "the company", "we", "us" or "our" means both global betting exchange and bdq member funds and their respective successors and assigns unless otherwise stated. we respect your right to privacy and the qqexchange privacy policy is designed to inform you of the methods and purposes for which we gather and use your data. by visiting the website, you are accepting the practices described in this privacy policy. if we change our privacy policy in any way, we will post these changes on this page.


Global betting exchange are the owners of BETDAQ.

They also sold their betting platform to other sites:

Betmate (which is owned by 888casino)
Betbull (which is owned by bwin)

And now take a look at the odds on all these 4 sites:

betdaq, betbull, betmate, qqexchange.

You'll see that they all have the same odds and the same amounts of money, if you bet on some of these exchanges you are increasing or decreasing those amounts available.

But most important is the commission on winnings.

betdaq -5%
betmate-3%
betbull-5%
qqexchange-5%

If all these are the same why would i bet on qqexchange when i can have a better commission?

Plus, their fees are way too high comparing those sisters exchanges

[Art Vandeleigh]

OK, thanks for the info fingas.

[chemist]

QQexchange operates exactly like ANY stock exchange. We have NO position on the outcome of the event. We make a small portion of commission off the winners dividend.

I don't believe them. Markets match up with Betfair almost one-to-one, and the odds look like they've been cloned from Betfair. In at least one market they seem to have rather bolloxed it up. They have a "we can void a market for any reason we like, even after it's settled" rule for a reason.

[chemist]

on their site click on privacy, then you'll see this:

global betting exchange, operates the qqexchange website ("website"). in this privacy policy, references to "the company", "we", "us" or "our" means both global betting exchange and bdq member funds and their respective successors and assigns unless otherwise stated. we respect your right to privacy and the qqexchange privacy policy is designed to inform you of the methods and purposes for which we gather and use your data. by visiting the website, you are accepting the practices described in this privacy policy. if we change our privacy policy in any way, we will post these changes on this page.

Strange that that text is written in a different font and totally without capitals. And why the reference to "bdq member funds" which is not mentioned elsewhere on the site? They are certainly not being upfront about who they are, but if they're trying to hide it then they're going about it pretty half-arsed.

[fingas]

chemist, as i explained BETDAQ owners have sold their betting platform to other sites like bwin (betbull) and 888casino (betmate)

This time, i believe the betting platform was brought by some company from Macau/china to try get some funds from the asians bettors.

The markets aren't completely the same as betfair because usually at betdaq you don't have so many live events.
They are a clone of the betdaq site, that's for sure because it's the same company who made the betting platform

[chemist]

chemist, as i explained BETDAQ owners have sold their betting platform to other sites like bwin (betbull) and 888casino (betmate)

This time, i believe the betting platform was brought by some company from Macau/china to try get some funds from the asians bettors.

The markets aren't completely the same as betfair because usually at betdaq you don't have so many live events.
They are a clone of the betdaq site, that's for sure because it's the same company who made the betting platform

For sure, I was wrong about their copying Betfair. I'm not sure what you mean when you say some Macau/China company bought the platform. When you sign up at QQ who holds your account information? who holds your funds?

The privacy page states that your data will be held by the Company and that references to "the company", "we", "us" or "our" means both global betting exchange and bdq member funds. So your data is not held by QQexchange or some nameless Macau/China company, but Global Betting Exchange. OTOH the privacy policy in the T&Cs (Part 4) says

Global Betting Exchange, operates the QQEXCHANGE Website ("Website"). THE Member Funds administers funds as described in Part 1. In this Privacy Policy, references to "the Company", "we", "us" or "our" means THE Member Funds and their respective successors and assigns unless otherwise stated.

Actually Part 1 does not mention THE Member Funds (try googling it -- clever, huh?).

The lines of accountability seem very murky to me and I wouldn't bet there if the commission was 0%.

[fingas]

only said that it should be some kind of macau/chinese company who bought the betting platform because if you click on deposit by bank transfer you need to send the money to a bank in Macau, otherwise it would be to some bank at ireland or UK like they have in betdaq

[Barney Rubbles]

Where did you get that fingas looks UK based to me????

Bank Transfer


WBX accepts Bank Transfer deposits. There is no limit to the amount that you can deposit via a Bank Transfer.
Note:
From within the UK, Bank Transfer deposits include BACS and CHAPS payments.
From outside the UK, Bank Transfer deposits are commonly referred to as 'Telegraphic Transfer' deposits.
WBX’s bank details are as follows:
Bank: Barclays PLC, Brighton Branch
Account Name: WBX Members Funds
Sort Code: 20-12-75
Account Number: 50457094
In addition to the above, if making a transfer from another country, the following information may be required by your bank:
SWIFT Code: BARCGB22
IBAN Number: GB80BARC20127550457094
Bank Address: Barclays Bank PLC, 139-142 North Street, Brighton, East Sussex, BN1 1RU
Beneficiary Address: World Bet Exchange, Garrick House, 26/27 Southampton Street, Covent Garden, London, WC2E 7RS, United Kingdom
To minimise the processing time, please do the following:

• Provide your financial institution with your WBX UserID and request that it is used as a reference for your deposit.
  
  You will receive email confirmation from WBX as soon as the funds are received and deposited in your WBX account.
• Send an email to Member Services (memberservices@wbx.com) once you have instructed your bank to make the transfer. We recommend that you use secure WBXmail to send the email. Please include the amount you are depositing, the name of the bank, your sort code and swift code (if necessary).
  
  If you use WBXmail, your UserID will automatically be included in the email. If you cannot use WBXmail, please include your UserID in any correspondence.