"Exchanges" Rather thank books...

**Terris** · 09-14-05, 08:35 PM

Betfair is A+

**jjgold** · 09-14-05, 08:50 PM

Betfair really is the only place if your looking for a real exchange with heavy volume but yu need Euro address

**JoeOffsuit** · 09-14-05, 09:16 PM

Well, I have a US address, so I guess I can't use Betfair.

Are there any other good ones?

**Santo** · 09-14-05, 09:30 PM

Originally posted by jjgold

Betfair really is the only place if your looking for a real exchange with heavy volume but yu need Euro address

Canadian address also works..Australian for non in-running betting.. it's just American that's a problem, not the R.O.W ;-)

**jjgold** · 09-14-05, 10:07 PM

I guess matchbook and tradesports are your next choices

**pags11** · 09-15-05, 03:18 AM

still not sold on these exchanges...will have to wait a year to see how they all do...

**jjgold** · 09-15-05, 06:15 AM

Pags you might have to wait forever

You will never see real big volume at them

**Mudcat** · 09-15-05, 09:43 AM

Welcome to the forum Joe.

You are wise to investigate exchanges. Any modern sharp player needs to get into these.

The Mansion exchange is a top out for me. 1% commission. I'd be throwing away money to not use it.

**pags11** · 09-15-05, 02:24 PM

you are probably right jjgold...

**Brick Tamland** · 09-15-05, 02:34 PM

Yea, I am seeing that I really should be doing more with the exchanges. Laziness has costed me some $.

**tacomax** · 09-15-05, 02:41 PM

If you ignore the exchanges then either:

a) You don't understand exchanges.

b) You don't mind throwing your money away.

**jjgold** · 09-15-05, 02:43 PM

If there is little volume exchanges are worthless

**tacomax** · 09-15-05, 03:10 PM

We're talking the likes of Mansion and Matchbook where there are good prices and good volumes available.

So are you a) or b) then?

**why** · 09-15-05, 03:18 PM

I like the idea of exchanges and will soon take the plunge.

**jjgold** · 09-15-05, 03:41 PM

I do not think you can say mansion or MAtchbook have above average volume

**tacomax** · 09-15-05, 03:50 PM

I'm looking at Mansion and there are tens of thousands available at good prices on most baseball matches.

I guess you're both a) and b).

**JoeOffsuit** · 09-15-05, 04:06 PM

Compared to Matchbook, Mansion looks like the superior exchange.

- 1% instead of 2% vig on profits,
- 0 vig if the wager goes to market (not immediately taken)
- ability to buy/sell points on a straight wager
Two things that seemed "unusual" about the Mansion though are:

- Have to send photo ID to withdraw
- With 6 months of inactivity, they take money out of your account?!

I am accustomed to having any withdrawel less than or equal to my neteller deposit immediately available, without having to send photo ID.

Has anyone made a withdrawel from these stores? Is this a big deal?

Thanks for all the replies!

JoeOffsuit

**tacomax** · 09-15-05, 04:13 PM

You only have to send in your ID once, I never see the problem with that.

As to inactivity fees, there are free Neteller withdrawals so you'd be pretty dumb to leave money in there for 6 months.

**Brooks** · 09-15-05, 05:10 PM

since i from the US, i cant speak of betfair however ive used mansion, tradesports, and matchbook quite extensively and they all have their plusses and minuses.

tradesports is definitely for the smaller player as their market makers keep their spreads so large that to gain any value you have to put up offers which isnt a bad situation however it is difficult to get even 100 matched as alot of the traders will match under 10 dollars and it is a pain for me so i dont even bother usually. also if you find a number your looking for, you have to pay to match the bet (trading fee) and when the bet is settled win or lose (expiry fee). i enjoy their live betting but again the market maker spreads are too great and if it isnt a "public game" with alot of other people trading it is a waste of time.

they do offer 2 free withdrawals per month upto 2500 i believe so that is about normal or at least should be.

i loved mansion when it first came on the scene and i wasnt too concerned when the new fee structure came out as long as everything else stayed the same but the right numbers stopped showing up for me and i would put up offers that would give other people the best number offshore but they still wouldnt be matched so i took all my money out without a problem and figured id wait and see but i see no reason to come back yet. but if your are looking at placing over 2 dimes a game it is probably a good out to have. free neteller is a nice thing however not having a toll free number can be a pain with a time senstive problem

matchbook is where the majority of my money is because i bet under 1000 a game and their spreads are the lowest in my opinion even factorying in the 2% on winnings. even tho i wished they offered more live betting events, when they do, they keep the smallest margin and give the player a chance to win. they offer free neteller withdrawals and ive never had to wait more than an hour. customer service is top notch as ive spoken with joe on numerous occasions and he always helped with any concern i had.

i honestly dont know what id do with matchbook and i think the majority of players will be very happy there.

good luck

**raiders72001** · 09-15-05, 05:46 PM

Mansion isn't what it once was. Originally there were no fees in the exchange and -105 in the sportsbook. The sportsbook is now useless and a 1% fee is now charged on wins in the exchange. The exchange is seeded so they do have volume but not close to what it was originally.

**JoeOffsuit** · 09-15-05, 05:49 PM

The Mansion's exchange's fees are just 1% on the profit of each? And they don't have any other fees (trading, expiry, neteller withdraw, etc.)

Compared to 2% at Matchbook, does matchbook simply have higher volume?

**tacomax** · 09-15-05, 06:10 PM

Your best options are Mansion or Matchbook. What you should do is to monitor their pricing for a couple of nights - check out the prcies and the volumes behind the prices and decide which would be the best one for you. Factoring in the additional 1% fees and the deposit fees at Matchbook, of course.

**raiders72001** · 09-15-05, 06:17 PM

I've never played at Matchbook so this is just an opinion. I do not think that Matchbook seeds<puts up there own offers> their exchange. Mansion does seed the exchange for high dollar amounts so I think the volume is much bigger at Mansion.

The difference is that most times when you accept an offer at Mansion you are actually betting against Mansion. I think with Matchbook you are always betting against another player.

Mansion is gambling while Matchbook is guaranting a profit for themselves.

**jjgold** · 09-15-05, 06:48 PM

Take away book puting money into exchange there is not much volume

**tacomax** · 09-15-05, 07:20 PM

Originally posted by jjgold

Take away book puting money into exchange there is not much volume

I presume you're talking about Mansion here. Have you got evidence for this?

I go there every day and, although there are massive volumes from the book, there is also a lot of other volume at very good prices.

**Mudcat** · 09-15-05, 08:20 PM

All I know is I put more $$$ in action at the Mansion exchange than any other out right now. They just keep showing me the best deals.

They make me a lot of $$$ and I don't really care if the volume is coming from the book or men from Mars.

**jjgold** · 09-15-05, 08:24 PM

Hey if you like the book you play there as that is bottom line

**Brooks** · 09-15-05, 08:51 PM

i consider mansion and matchbook to have about the same fees. i understand their are some math people that could refute me by a few cents but to me they are about the same.

for example:

bet 1000 to win a 1000 at mansion you will be charged 10bucks whether you win or lose the wager.

bet 1000 to win 1000 at matchbook you will be charged 20 bucks if your wager wins and 0 if your wager loses.

lets not get too caught up in comparing mansion and matchbook as they are both viable outs and in a perfect world we would have them both funded with about 10 units each.

they also dont charge for neteller withdrawals which can be a huge difference compared to a book like wagerweb which charges 20bucks per 1000 withdrew.

**magnavox** · 09-15-05, 09:02 PM

Originally posted by Brooks

for example:

bet 1000 to win a 1000 at mansion you will be charged 10bucks whether you win or lose the wager.

Not true...

**Brooks** · 09-15-05, 09:49 PM

hey mags, thanks for the update. next time maybe give us abit more information tho

as i havent played there since about a week after they changed their fee structure, mansion has changed again and is now charging 1% on only the winning amount. that is a pretty big deal and about as good as it gets.

i might check them out again to see if their spreads are tighter.

take care

**tacomax** · 09-15-05, 10:16 PM

Originally posted by Brooks

bet 1000 to win a 1000 at mansion you will be charged 10bucks whether you win or lose the wager.

That's wrong. Think about it, that would be dumb - you lose a dime and they charge you another $10 for the priviledge of losing.

How it works. If you place a bet on an offer which is already on the exchange, you're charged 1% on the winnings if it wins.

However, if you offer a price on the exchange which is taken up then you don't pay any fees.

Originally posted by Brooks

lets not get too caught up in comparing mansion and matchbook as they are both viable outs and in a perfect world we would have them both funded with about 10 units each.

They are different enough to be worthy of comparison. However, you've made the smart move by actually realising the value in the exchanges.

Originally posted by Brooks

they also dont charge for neteller withdrawals which can be a huge difference compared to a book like wagerweb which charges 20bucks per 1000 withdrew.

Matchbook do charge for Neteller deposits. Although I think that they give you commission credits to make up for the fees paid. Mansion are free for Neteller withdrawls and deposits at the moment.

**Brooks** · 09-15-05, 10:51 PM

like i said earlier taco, when mansion first made their move to charge at their exchange, they charged 1% whether you won or lost if you matched a bet and didnt offer. apparently they have changed their policy but since i havent been playing there in quite some time i wasnt aware of it which is my fault for not having all the facts.

matchbook does charge a fee to desposit in the form of commission credits so if you are an active player it results in a zero fee but i should have stated that more clearly.

i really dont see a big differece between the two but if someone else does than i can understand.

the bottom line is we need to find the book with the tightest spread and the smallest fees, so i recommend checking them both out to get a feel.

**raiders72001** · 09-15-05, 10:51 PM

However, you've made the smart move by actually realising the value in the exchanges.

taxoman- You act as if you discovered the fountain of youth with exchanges. An exchange is just having another sportsbook. It's nothing more and nothing less. By only playing exchanges you are not always getting the best betting oppurtunities. You need much more to your arsenal.

**raiders72001** · 09-15-05, 10:53 PM

Brooks- When Mansion implemented the fees it was always 1% on just wins, not losses. The rules were written so that it was unclear.