21bet exchange

[gamblehappier]

Hello,i have seen this site that says that it has the same exchange with betfair and that is powered by betfair.Do you know if it is officially powered by betfair or it is actually a broker?This betting site is actually new(2016).
Will you prefer to use this site or a betting broker?

And anyone who uses brokers to access betfair(betibc,premiumtradings,etc..) could tell to us if they as fast as real betfair accounts or there is big delay?

And i guess that also at brokers you are not able to use betangel or other betting platform.

[Optional]

If you are ahead more than 5k lifetime they impose huge fees.

This is on top of the base 5%

Lifetime Gross Profit € Premium Charge added to commission

0 > 5000 0%
5001 > 10000 5%
10001 > 15000 10%
15001 > 20000 15%
20001 > 25000 20%
25001 > 30000 25%
30001 > 35000 30%
35001 > 40000 35%
45001 > 50000 40%
50000 > 45%

[gamblehappier]

Thanks for answering Optional,i know this about premium charges.Again i believe that you can get some edge,but this is the bad point of betfair.I believe that if Smarkets will not imply charges, in a few years maybe is the first exchange.
Have your heard about 21bet exchange?Do you know if there is a broker that offer betangel or other platform?

[Optional]

Thanks for answering Optional,i know this about premium charges.Again i believe that you can get some edge,but this is the bad point of betfair.I believe that if Smarkets will not imply charges, in a few years maybe is the first exchange.
Have your heard about 21bet exchange?Do you know if there is a broker that offer betangel or other platform?

Those figures sound a LOT higher than the usual Betfair premium charge.

I had not heard of this exchange but do know the name 21bet. I think they are tough to deal with if a problem arises but fairly legit AFAIK.

And I don't think any broker offers direct Betfair sub accounts anymore (anyone?), so I do not think you will find an agent solution for Betangel or Geekstoy type tools.

[gamblehappier]

1)Do you know exactly the Betfair premium charges.For example if i win 20.000 how much i will pay at betfair?

2)Also if am not wrong if you open an account at betfair you will not pay premium charges for the first 250 bets.Which means if you bet high amount on your first 250 bets and you win a lot money,for example 30.000$ you will not pay anything at premium charges.Right?

3)I think that betibc offer via a link.For premium trading i do not know.Anyway i think is better to bet via 21bet exchange than a broker because as you said is a legit company and i think a legal company is more trustable than a broker.I do not know if this powered by betfair is official.The only bad is that is too new.Am i wrong?

[Optional]

1)Do you know exactly the Betfair premium charges.For example if i win 20.000 how much i will pay at betfair?

2)Also if am not wrong if you open an account at betfair you will not pay premium charges for the first 250 bets.Which means if you bet high amount on your first 250 bets and you win a lot money,for example 30.000$ you will not pay anything at premium charges.Right?

3)I think that betibc offer via a link.For premium trading i do not know.Anyway i think is better to bet via 21bet exchange than a broker because as you said is a legit company and i think a legal company is more trustable than a broker.I do not know if this powered by betfair is official.The only bad is that is too new.Am i wrong?

Betfair is based on the number of markets you bet in a week and how much in fees you have paid compared to your profit.

http://www.betfair.com/aboutUs/Betfair.Charges/

Less than 1% of users get hit with it. It's for bot traders mostly.

Taking 25% of any profit if you are just 20k ahead is not the same thing. In fact it's so high I can't imagine anyone capable of winning more than 5k using the site really.

[gamblehappier]

So you believe that with these charges it is much more difficult to gain at this site in comparison with a real betfair account?

[Optional]

So you believe that with these charges it is much more difficult to gain at this site in comparison with a real betfair account?

How much would you need to win before you stopped betting there?

5% Plus;

0 > 5000 0%
5001 > 10000 5%
10001 > 15000 10%
15001 > 20000 15%
20001 > 25000 20%
25001 > 30000 25%
30001 > 35000 30%
35001 > 40000 35%
45001 > 50000 40%
50000 > 45%

[gamblehappier]

I was thinking and i believe that actually until 10.000 its good,only 5%.Dont you think?

But i am not so sure if there is so big difference until 10.000$.For example if you win 1000$ in a week with 20/100 charges you need to pay 160 at premium charges and 40 at commission.



The exact type for betfair is this :

Premium Charge = % of weeks profit – weeks generated commission

[Optional]

I was thinking and i believe that actually until 10.000 its good,only 5%.Dont you think?

It's 5% from 0 to 5000 euro profit.

10% from 5000 to 10000

Those numbers are on top of the base 5%.

You're right though. Probably fine for small bettors or losers. But doubt it will last long trying to charge those size fees on winners.

[gamblehappier]

So if i win until 10.000 i will pay only 5/100 charges,not 10/100 as you said i think("10% from 5000 to 10000")...

[Optional]

So if i win until 10.000 i will pay only 5/100 charges,not 10/100 as you said i think("10% from 5000 to 10000")...

They will charge you 10% total fees after you win more than 5000 euro until you get to 10000 euro, when it will go up to 15%.

Does the table of fees not make sense to you??

[gamblehappier]

We tell the same thing but you calculate also generated commission.I was speaking only for premium charges.Until 10.000$ ,5/100 are premium charges and 5/100 is entire commission,which means total commission 10/00.

Actually Optional i do not think that at betfair until 10.000$ you will have much better total commission.Also if you are loser you do not pay nothing(compare to mathcbook).
So i think its a good alternative to betfair until 10.000 profit actually..After 10.000$,i will not betting there,only at betfair.

Don't you think at betfair until 10.000$ you will pay almost(little less) the same total commission ?

Will you prefer betting from a betting broker(suppose we have one broker where we can subscribe to betfair) or do you think is the same with 21bet?

And i believe someone who cannot access betfair exchange and want to trade seriously at betfair ,right now is a good alternative option.I do not know if brokers accept new betfair accounts.Also i think every person will prefer to play at betfair via a bookmaker rather than a broker.

[Doggy]

Quite sure that is NOT the Premium charge table

That is the discount you get on your commision, if you have 22000 betfair points you get 20% discount on your commission that you pay for every winning bet.

[Optional]

Quite sure that is NOT the Premium charge table

That is the discount you get on your commision, if you have 22000 betfair points you get 20% discount on your commission that you pay for every winning bet.

Correct, it's not the Betfair premium charge table. But it's not the Betfair points discount table either.

It's the 21bet exchange commission table.

[thespeculator]

21bet daily payout is only 3000euro with wallets and i think bitcoin is the same also. Just judging by that it is probably more for smaller players.

they do accept Canadian players and you don't need a vpn

[Yjacket22``]

Can someone please explain to me what a betting exchange is? I see posts about them all the time and would like to know what their purpose is and any advantage over just using a good book like dimes or heritage.

[littlekona]

Can someone please explain to me what a betting exchange is? I see posts about them all the time and would like to know what their purpose is and any advantage over just using a good book like dimes or heritage.

The lines are way better then any traditional books....Betfair Family(9wickets and Orbit) Matchbook and Fairlay(BTC) I use all the time....You can access Fairlay direct if in USA or Betfair/matchbook through asian connect agent....I probably moved 75% of my action to the exchanges and almost 100% of straight wagers....I love Heritage and Nitro too and use them for certain wagers like parlays and for poker most of time...Exchanges has a learning curve but once you get used to you will love them IMO

[littlekona]

How much would you need to win before you stopped betting there?

5% Plus;

0 > 5000 0%
5001 > 10000 5%
10001 > 15000 10%
15001 > 20000 15%
20001 > 25000 20%
25001 > 30000 25%
30001 > 35000 30%
35001 > 40000 35%
45001 > 50000 40%
50000 > 45%

wow....wonder why this place has much higher then Orbit and 9wickets as they are 3%

[Optional]

Can someone please explain to me what a betting exchange is? I see posts about them all the time and would like to know what their purpose is and any advantage over just using a good book like dimes or heritage.

It is like a FOREX trading exchange.

Players can both bet For and Against each market.

Players bet against each other instead of a bookmaker and the resulting odds offered are the result of bettor bids.

So each market ends up with almost no vig/over-round when enough people are betting, and the prices look better.

You need to take into account the exchange's commission structure though. With Betfair it's around 5% for casual bettors. This 21bet exchange charges up to 45% commission! (or it did when this thread was made at least. Have not double checked today)

[Rale]

Better go with Matchbook

[Yjacket22``]

The lines are way better then any traditional books....Betfair Family(9wickets and Orbit) Matchbook and Fairlay(BTC) I use all the time....You can access Fairlay direct if in USA or Betfair/matchbook through asian connect agent....I probably moved 75% of my action to the exchanges and almost 100% of straight wagers....I love Heritage and Nitro too and use them for certain wagers like parlays and for poker most of time...Exchanges has a learning curve but once you get used to you will love them IMO

I went to the fairlay site but didn't see any sports except for a few baseball total season wins. Went to asianconnect and chatted with a support rep who said no usa customers allowed. But I find this very interesting. Can you tell me more about how I should go about getting started at fairlay? Is it bitcoin only? If so then that opens up a whole separate learning curve for me. Used coinbase a few times for small deposits and found the fees for just buying it too high for me, let alone the fees at every turn. I probably should just stick with books but again I find this interesting and would like to give it a try. What would be my first step in getting started at fairlay. Any help greatly appreciated.

[littlekona]

https://fairlay.com/markets/sports/ ?? its btc only just sign up on main page it has all sports the site is a bit tricky but once u get used to its great..

Asian Connect sign up for BTC account and dont say you are in USA they dont care just use VPN for site log in they will convert ure BTC to Euro....depends on what u bet but 9wickets and Orbit are incredible if u are in USA and want betfiar plus matchbook and Pinny are offered...I absolutely love Asian Connect they payout fast via btc too....If you have any questions JJ and Optional both have contacts there....

[Yjacket22``]

https://fairlay.com/markets/sports/ ?? its btc only just sign up on main page it has all sports the site is a bit tricky but once u get used to its great..

Asian Connect sign up for BTC account and dont say you are in USA they dont care just use VPN for site log in they will convert ure BTC to Euro....depends on what u bet but 9wickets and Orbit are incredible if u are in USA and want betfiar plus matchbook and Pinny are offered...I absolutely love Asian Connect they payout fast via btc too....If you have any questions JJ and Optional both have contacts there....

Signed up at fairlay and was looking at baseball. I'll use Yankees at Detroit for example.....I understand the bet for or against but it has an odds drop down menu where you can change them. Surely you can't bet at the odds you choose? Can you help me on this?

[Optional]

Signed up at fairlay and was looking at baseball. I'll use Yankees at Detroit for example.....I understand the bet for or against but it has an odds drop down menu where you can change them. Surely you can't bet at the odds you choose? Can you help me on this?

That's how an exchange works. If you do not want to bet at the odds being offered by others, you can place an offer yourself at the odds you want. Obviously people will take the best odds on offer but if the market is moving and you place an offer a point better (for you) then when it gets there you will be first in line to have your money matched at that price.

[Optional]

Btw, you might notice the probability of that Yankees/Detroit market is over 105%?

That means the market is low on liquidity and has not developed yet. It should work itself to closer to 100% if enough people bet on it.

[jjgold]

Better go with Matchbook

very underrated bok