Hey everyone, I already have an account at Pinnacle for a long time, and just made one at Matchbook. How exactly does Matchbook work? I don't understand the whole exchange idea. Can you still wager big money on games? Thanks in advance.
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On an exchange, the book puts up a market.
For example, on tonight's game, there are these markets:
New York+9
San Diego-9
Over 44.5
Under 44.5
New York Win
San Diego Win
On each market, you have two choice. You can place an offer. Say you like San Diego -9. The best price you see is Pinnacle -9 +110. You could just bet it at Pinnacle, or place an offer at Matchbook.
You select San Diego -9, pick the price: +113, and put in the amount of the offer: $5000.
At that point, you have an unmatched offer. If it gets matched by someone else (who picks New York +9 -113), you'll have a bet for as much as is matched.
Your other option is to accept someone else's offer. There is already SD-9 +111 as an offer. Even though this is higher than Pinnacle's +110, it is less after commissions. They will charge you 2% of your winnings, so +111 is actually about +109.
Matchbook is greatest when you have time to build your position, or in the hour before a game when there are the most offers.Comment -
Just don't ask Justin about the nuances of making markets or providing a fair amount of liquidity to the exchange. He'll tell you Matchbook doesn't want that information out there, which seems strange if you ask me.Originally posted by Masu485
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