Matchbook: mandatory, but DAMN they need to improve software for live betting
I was betting the Orlando/Cleveland game live when Orlando was up about 14 with 8 minutes left. The market price for Cleveland +2 was about +1400.
Ever wonder why there are all these bullshit out of market offers during live betting? Like -1000 on a side when it should be +1000?
I put in an offer at -2000 for (I thought) Orlando... but in the speed required to bet live sometimes, I bet CLEVELAND +2 -2000 (when offer outstanding was +1400). I offered -2000 when +1400 was already there. I've probably put in 1000 offers in the last month alone. This is the first time I've done this mistake (but most of these bets aren't live, where you have to go very quickly).
How much would this cost you? As much as the outstanding bullshit offers. It makes me wonder: would it be more profitable to put in "mistake odds" offers, waiting for 1 person to screw up? Lurk all the live markets when it almost decided, and try to screw people that botch it? If you look at the live markets, there are definitely people doing this.
It's an exchange. My fault, I threw away $700. But seriously, does Matchbook really want liquidity lowered on live betting? Do you want to double and triple check your offers to make sure when you might have 10 seconds to finish it and cancel it before play resumes?
There are any number of filters that could warn a player during live betting that they screwed up, and confirm the screw-up before processing. Matchbook's director of "Software improvements" is oblivious to what players want though, so I doubt anything will be done.
Sadly, I won't do any more live betting at Matchbook until they have *some minimal* player protection against "live odds screwup catchers".
Ever wonder why there are all these bullshit out of market offers during live betting? Like -1000 on a side when it should be +1000?
I put in an offer at -2000 for (I thought) Orlando... but in the speed required to bet live sometimes, I bet CLEVELAND +2 -2000 (when offer outstanding was +1400). I offered -2000 when +1400 was already there. I've probably put in 1000 offers in the last month alone. This is the first time I've done this mistake (but most of these bets aren't live, where you have to go very quickly).
How much would this cost you? As much as the outstanding bullshit offers. It makes me wonder: would it be more profitable to put in "mistake odds" offers, waiting for 1 person to screw up? Lurk all the live markets when it almost decided, and try to screw people that botch it? If you look at the live markets, there are definitely people doing this.
It's an exchange. My fault, I threw away $700. But seriously, does Matchbook really want liquidity lowered on live betting? Do you want to double and triple check your offers to make sure when you might have 10 seconds to finish it and cancel it before play resumes?
There are any number of filters that could warn a player during live betting that they screwed up, and confirm the screw-up before processing. Matchbook's director of "Software improvements" is oblivious to what players want though, so I doubt anything will be done.
Sadly, I won't do any more live betting at Matchbook until they have *some minimal* player protection against "live odds screwup catchers".