MATCHBOOK says goodbye to 2% commission...

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  • Matt Rain
    SBR Hall of Famer
    • 02-13-07
    • 5001

    #421
    Never mind me, I'm an idiot.
    Last edited by Matt Rain; 04-06-09, 11:32 AM.
    Comment
    • Santo
      SBR MVP
      • 09-08-05
      • 2957

      #422
      Select eu odds in the dropdown next to your username
      Comment
      • Matt Rain
        SBR Hall of Famer
        • 02-13-07
        • 5001

        #423
        Oh snap, I never saw that. Wasn't obvious enough.
        Comment
        • kkkkk
          SBR Wise Guy
          • 03-30-09
          • 523

          #424
          yah thanks a lot im just a newbie to matchbook, and beside that read a post of other user where he said cant understand trading on matchbook, and i came to the conclusion its becose of the american odds. my fault.
          Comment
          • Newguyintown
            SBR Sharp
            • 12-24-05
            • 348

            #425
            So right now Matchbook has plenty of money on Coloardo +142/Arizona -143 while Pinnacle for example has +138/-146. So Pinny is an 8 cent line, if one accepts MB offers what is the effective line he is playing into? Secondly, how much better is this new MB structure than Pinny? I'm just trying to get a handle on this.
            Comment
            • coldhardfacts
              SBR Wise Guy
              • 10-19-07
              • 717

              #426
              If you bet Colorado, you're getting 141.1. If you bet Arizona, you're laying 143.8


              Can't beat it.
              Comment
              • hhsilver
                SBR Hall of Famer
                • 06-07-07
                • 7374

                #427
                Originally posted by coldhardfacts
                If you bet Colorado, you're getting 141.1. If you bet Arizona, you're laying 143.8


                Can't beat it.
                colo at +142 >>>>>>>>>> risk 100.6 to win 141.4 >>>>>>>>>> that's +140.56
                ariz at -143 >>>>>>>>>>risk 143.6 to win 99.4 >>>>>>>>>>>>>> -144.47

                are you using the 0.6% for baseball , are you taking it times the 100 in each case? And no, I am not taking the commission out twice.
                Comment
                • HeeeHAWWWW
                  SBR Hall of Famer
                  • 06-13-08
                  • 5487

                  #428
                  Lovely, 4c at +140ish. Most dimeline books are 15c (+135, -150) out there.


                  Seems at around evens it's just under 3.5c. For example....


                  SEA +100 > -101.21 (pinnys have -106)
                  MIN -101 > -102.21 (-102)

                  Oak +101 > -100.2 (+100)
                  LAA -102 > -103.22 (-108)

                  LOS -107 > -108.25 (-113)
                  SDG +106 > +104.77 (+105)
                  Last edited by HeeeHAWWWW; 04-07-09, 06:28 PM.
                  Comment
                  • tallguyindc
                    SBR Rookie
                    • 04-10-09
                    • 1

                    #429
                    Confused about the 0.2% rebate

                    Question deleted
                    Last edited by tallguyindc; 04-10-09, 01:26 AM. Reason: Deleting question
                    Comment
                    • Mark Shark
                      SBR Sharp
                      • 03-29-07
                      • 445

                      #430
                      I am still seeing 4 point gaps on most NBA fixtures. So much for tighter lines.
                      Comment
                      • bookie
                        SBR MVP
                        • 08-10-05
                        • 2112

                        #431
                        Originally posted by Mark Shark
                        I am still seeing 4 point gaps on most NBA fixtures. So much for tighter lines.
                        But they were worse before the new commission structure.
                        Comment
                        • Mark Shark
                          SBR Sharp
                          • 03-29-07
                          • 445

                          #432
                          No they weren't. I know for a fact they were much tighter b4 the new structure. Especially on a Fri night.
                          Comment
                          • bookie
                            SBR MVP
                            • 08-10-05
                            • 2112

                            #433
                            I look at those markets every day, and there's no way that the spread has gotten worse. We're not talking about in-game markets, right--just the regular ones.

                            Anybody else out there who follows Matchbook NBA markets want to comment on what was and what is?
                            Comment
                            • ArunSh
                              SBR Hall of Famer
                              • 09-24-07
                              • 6801

                              #434
                              For the first few days after the new system, it definitely seemed to make it worse - perhaps people were just a bit apprehensive of the new system. However, on the spreads it definitely seems to have improved things overall, very often you have the 1 cent difference, and even only that one cent on the alternate spread lines. Of course, it does just sit there sometimes because everyone wants to be accepted rather than accepting, but for those who are just looking to make a bet, you generally can't get much tighter lines than those.

                              Totals seem to have declined a bit unfortunately, especially on the alternate lines. Not sure why, maybe people are just less inclined to accept offers, but it seems like lines I'm posting that would almost certainly have been accepted prior to this change based on what the main lines have, often are not being so. I'm really not sure why that is, just seems to be happening though.
                              Comment
                              • Odessa
                                SBR Sharp
                                • 06-04-07
                                • 398

                                #435
                                Originally posted by bookie
                                I look at those markets every day, and there's no way that the spread has gotten worse. We're not talking about in-game markets, right--just the regular ones.

                                Anybody else out there who follows Matchbook NBA markets want to comment on what was and what is?
                                There no questions that offers improved dramatically not only ATS but also SU and alternative lines. It's an enjoyment just to see where money flows on the board! My only complain that there no Euro Basketball lines, otherwise it's better with new commission structure. My personal preference is to have -0.8/0.0 commission structure over current -1.0/+0.2 as was suggested previously.
                                Comment
                                • bookie
                                  SBR MVP
                                  • 08-10-05
                                  • 2112

                                  #436
                                  Originally posted by Odessa
                                  My personal preference is to have -0.8/0.0 commission structure over current -1.0/+0.2 as was suggested previously.
                                  I'm sure that's a tough call for them, and it wouldn't surprise me if they did more adjusting to move it around. Bottom line is that U.S. bettors are very reluctant to make offers, unlike Euro's who've gotten used to Betfair. So they have to bend over backwards to give incentivize offers.

                                  They say on their website:

                                  As demonstrated lately on many financial exchanges, liquidity explodes when people are paid to make offers.
                                  Can anybody point me to articles about the financial exchanges that have done this?
                                  Comment
                                  • Mark Shark
                                    SBR Sharp
                                    • 03-29-07
                                    • 445

                                    #437
                                    No way is the NBA better than before. 2 or 3 point gaps with only 2k available on both sides. Please guys stop being so silly. Their was way more liquidity and much tighter markets in the NBA before the change. As for the totals there is usually an 8 to 10 point gap and when you throw in commission on top of that it no longer is the best book anymore.
                                    Comment
                                    • Casi
                                      SBR Wise Guy
                                      • 02-16-09
                                      • 506

                                      #438
                                      This guy just cannot quit, the liquidity moved to MLB coz that“s where most bettors want action now.
                                      Not on the NBA, where most games are meaningless until the playoffs have started.

                                      And if there is a gap, FILL IT if you want a better price.
                                      Comment
                                      • Mark Shark
                                        SBR Sharp
                                        • 03-29-07
                                        • 445

                                        #439
                                        Matchbook has gone from 1st in the polls to 4th. I am sure I am not the only one who thinks Matchbook have slipped.
                                        Comment
                                        • bettilimbroke999
                                          SBR Posting Legend
                                          • 02-04-08
                                          • 13254

                                          #440
                                          Is Mark still upset wow, talk about having trouble letting go of the old system, they charge 1% or -.2% on matched bets, do you really think that's greedy Mark? The new system seems to be pretty well liked by most bettors, you were paying 2% on wins anyway, so 1% on every bet works out about the same except when you offer YOU GET PAID .2% to bet, hard not to like the new system
                                          Last edited by bettilimbroke999; 04-13-09, 03:23 AM.
                                          Comment
                                          • heyman
                                            SBR High Roller
                                            • 03-16-09
                                            • 178

                                            #441
                                            Well, it seems like Mark is a scalper, but that’s the live of an arbitrage trader (in all markets). At some point the market will operate efficiently enough that you can’t make (as much) money with the declining price discrepancies. The risk is even higher considering that an inbetween party can change how the market operates (your not directly trading with others in each betting market).
                                            Comment
                                            • Mark Shark
                                              SBR Sharp
                                              • 03-29-07
                                              • 445

                                              #442
                                              so if it is so good why has it dropped to 4th
                                              Comment
                                              • bleedblue
                                                SBR Sharp
                                                • 07-22-08
                                                • 323

                                                #443
                                                Originally posted by Mark Shark
                                                so if it is so good why has it dropped to 4th
                                                Most of the voting was done before the commission structure was changed. Two people (yourself and someone else) took their votes away for Matchbook.

                                                I agree that there are problems with matchbook, and I would prefer the old commission structure, but I am not going keep complaining in this thread. You are kind of coming off as whiny. I think SBR should have a vote in a couple weeks, as to who is for/against the new commission structure. I have a feeling we are in the minority, and if that is the case the new structure may be better for the long term growth of the company...
                                                Comment
                                                • d2bets
                                                  BARRELED IN @ SBR!
                                                  • 08-10-05
                                                  • 39992

                                                  #444
                                                  New commission structure is friggin awesome.
                                                  Comment
                                                  • DIF
                                                    Restricted User
                                                    • 08-30-05
                                                    • 648

                                                    #445
                                                    are they still paying? just asking because their sister company? WSEX.

                                                    Anyone have recent payouts from matchbook neteller?
                                                    Comment
                                                    • andywend
                                                      SBR MVP
                                                      • 05-20-07
                                                      • 4805

                                                      #446
                                                      Requested a fed ex check withdrawal on Monday morning and received my check yesterday.

                                                      1 DAY TURNAROUND!!!

                                                      As bad as WSEX is at processing withdrawals, Matchbook is that good.
                                                      Comment
                                                      • bookie
                                                        SBR MVP
                                                        • 08-10-05
                                                        • 2112

                                                        #447
                                                        Originally posted by andywend

                                                        As bad as WSEX is at processing withdrawals, Matchbook is that good.
                                                        Are you in the U.S.?

                                                        Isn't that weird that one half of the holding has this transfer stuff under control, and the other seems to hit a lot of snags.
                                                        Comment
                                                        • heyman
                                                          SBR High Roller
                                                          • 03-16-09
                                                          • 178

                                                          #448
                                                          Originally posted by Mark Shark
                                                          so if it is so good why has it dropped to 4th
                                                          You're assuming what's popular is the best. I normally don't bet against the general population being lazy, dumb, and ignorant.
                                                          Comment
                                                          • GoodOldTed
                                                            SBR High Roller
                                                            • 02-03-09
                                                            • 135

                                                            #449
                                                            Originally posted by Mark Shark
                                                            I am still seeing 4 point gaps on most NBA fixtures. So much for tighter lines.
                                                            wow, four points... you could always head back to a regular 20 cent bookmaker if it's problem!
                                                            Comment
                                                            • TomG
                                                              SBR Wise Guy
                                                              • 10-29-07
                                                              • 500

                                                              #450
                                                              So let's say there is currently $1,000 sitting behind Minnesota +127. I decide to add another $1,000 to that market to make it a total of $2k in depth. Now some n00b comes along and matches $500 worth of Minnesota +127. Who gets matched his $500? Is it split equally amongst all of the offerers? I would assume this is the case, I just wasn't sure.
                                                              Comment
                                                              • tomcowley
                                                                SBR MVP
                                                                • 10-01-07
                                                                • 1129

                                                                #451
                                                                I'm pretty sure it goes first-in first-matched.
                                                                Comment
                                                                • bookie
                                                                  SBR MVP
                                                                  • 08-10-05
                                                                  • 2112

                                                                  #452
                                                                  Originally posted by tomcowley
                                                                  I'm pretty sure it goes first-in first-matched.
                                                                  Correct.
                                                                  Comment
                                                                  • guy9bundes
                                                                    SBR Hustler
                                                                    • 08-22-07
                                                                    • 66

                                                                    #453
                                                                    Originally posted by Mark Shark
                                                                    so if it is so good why has it dropped to 4th
                                                                    Mark,
                                                                    You are smart man and you know the industry but you are making a joke from yourself.

                                                                    Matchbook doesn't want you as their client. They say it in their front page. They don't want scalpers.

                                                                    When I was thrown from an A book, I accepted it, I understand their side and moved ahead.

                                                                    You can continue to spread bad and false things on matchbook but it will not change the new commissions system.

                                                                    Regarding the best book poll everybody knows that it is very subjective.
                                                                    EX: Pinnacle is the best book by far but why it ranks as 5th?

                                                                    Good luck
                                                                    Comment
                                                                    • Mark Shark
                                                                      SBR Sharp
                                                                      • 03-29-07
                                                                      • 445

                                                                      #454
                                                                      Thanks Guy9bundles for your remarks. I have taken them on board and will no longer comment about MB.
                                                                      Comment
                                                                      • Casi
                                                                        SBR Wise Guy
                                                                        • 02-16-09
                                                                        • 506

                                                                        #455
                                                                        The comment from MB that they don“t want scalpers is prolly only half true thou...
                                                                        i bet they like guys who hit Book X on a slow moving line, and bet the other side for an arb at MB instead Pinny
                                                                        Comment
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