Matchbook odds

[nate686]

I've been comparing baseball odds & they seem to be consistently better than other books. Curious for others thoughts?

[tomallen123]

They should be, they're an "exchange" and these traditionally have the smallest margins.

[nate686]

What do you mean by "exchange"?

[Hareeba!]

What do you mean by "exchange"?

You are betting against other players, not a bookmaker.
The odds you see are subject to a commission payable to the exchange.
For Matchbook that is headline 1% but effectively about 2% compared with Betfair's headline 5% on winning trades.
But generally speaking you will be able to get better net odds at an exchange.

[thordin86]

think of it as 2-3 cents lower than what you see.
If pinnacle has odds 2.00 and matchbook 2.02, you are better off at Pin.
If matchbook has 2.03, bet on matchbook.

[Hareeba!]

think of it as 2-3 cents lower than what you see.
If pinnacle has odds 2.00 and matchbook 2.02, you are better off at Pin.
If matchbook has 2.03, bet on matchbook.

MB 2.02 = 1.9998
MB 2.03 = 2.0096
(except soccer handicaps where MB commission is halved so approx 1 cent better)

[thordin86]

hareeba did you get this from a matchbook calculator somewhere?

[dealer wins]

Just a calculator I suspect!

2.02 X 99% , and 2.03 X 99% lol

[Hareeba!]

hareeba did you get this from a matchbook calculator somewhere?

I've set up a spreadsheet I use to compare effective net odds MB v Betfair v Bookies

Not quite as simple as 99% as dealer wins suggests but that's a pretty accurate rough calculation whilst odds remain close to evens.

[dealer wins]

Yes Hareeba you are right!

2.02 - 1 X99% + 1 as you dont get charged commission on your own stake being returned lol

[Spacefrog]

Yes Hareeba you are right!

2.02 - 1 X99% + 1 as you dont get charged commission on your own stake being returned lol

(2.02 - 1) X 0.99 + 1 is the right formula, the parentheses are needed.

The general formula for european style odds is

net odd = ( odd - 1 ) * (1 - comission) + 1

[jjgold]

Bottom line most of the time they have better juice than anyone