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  • Joe Dogs
    SBR MVP
    • 07-20-09
    • 1931

    #1
    Bet maker
    CHRIS/Bookmaker are offering new site,BET MAKER this site will be a betting exchange similar to MB.I have no details such as commissions,and other terms.Any thoughts.
  • Chuck Sims
    SBR MVP
    • 12-29-05
    • 3072

    #2
    BetMaker charges 6% commission on winning bets. No commission charge on losing bets. I'm not paying 6%, thats absurd. Staying with Matchbook.
    Comment
    • katstale
      SBR MVP
      • 02-07-07
      • 3924

      #3
      I gotta figure many people are gonna be willing to give a try at an exchange backed by Cris. I am sure they will bring commissions down to approximate Betfair and Match. Bring on more exchanges. The wave of the future. If the UIGEA is modified or repealed/struck down--anybody with a solid exchange is abt to get mega inundated with American cash.

      Just looked over there. If you are an every day player, it seems that commission rate is less based on their formula with loyalty points. Would love to hear from some vet exchange players here as to how this stacks up against Matchbooks structure. Seems to me it would be better than Betfair.
      Last edited by katstale; 09-25-09, 12:32 PM.
      Comment
      • topgame85
        SBR Posting Legend
        • 03-30-08
        • 12325

        #4
        Most of us lose so not bad
        Comment
        • JoeVig
          SBR Wise Guy
          • 01-11-08
          • 772

          #5
          This sounds a bit like the BetFair model, except maybe CRIS won't steal your money for an "infraction". Now, they might charge you $200 to send money to Matchbook, so I guess that is a form of stealing.
          Comment
          • RickySteve
            Restricted User
            • 01-31-06
            • 3415

            #6
            I miss the old Betmaker.
            Comment
            • patswin
              SBR MVP
              • 09-05-06
              • 1794

              #7
              When does this thing open?
              Comment
              • SPECULATOR 13
                SBR Wise Guy
                • 08-12-07
                • 768

                #8
                Originally posted by katstale
                I gotta figure many people are gonna be willing to give a try at an exchange backed by Cris. I am sure they will bring commissions down to approximate Betfair and Match. Bring on more exchanges. The wave of the future. If the UIGEA is modified or repealed/struck down--anybody with a solid exchange is abt to get mega inundated with American cash.
                My sentiment exactly Katstale,
                The guys at CRIS are seeing the handwriting on the wall also,they probably have inside info about the repeal of the uigea by year's end.They as we do understand that EXCHANGES are the absolute future to come on this side of the world as it is already in Europe.They want to be there to collect and they will,not to many people from the states will want to put up with betfair's ID bullsh.t,if BETMAKER,MATCHBOOK and PINNACLES are there to offer a very safe place to wager with very high to unlimited limits.Imagine being in Vegas and having access to the 3 above and LV Hilton,Southpoint,M. casino,any of the 3 cal nevas,Lucky's and Leroy's
                Originally posted by JoeVig
                This sounds a bit like the BetFair model, except maybe CRIS won't steal your money for an "infraction".
                AAAAAAAAAAAAAMEN!!!!!
                Comment
                • katstale
                  SBR MVP
                  • 02-07-07
                  • 3924

                  #9
                  Originally posted by SPECULATOR 13
                  Imagine being in Vegas and having access to the 3 above and LV Hilton,Southpoint,M. casino,any of the 3 cal nevas,Lucky's and Leroy's


                  AAAAAAAAAAAAAMEN!!!!!

                  I just did and it sent a familiar tingle up my leg. Don't tease me like that!! It is hard to type and wipe drool at the same time.
                  Comment
                  • Santo
                    SBR MVP
                    • 09-08-05
                    • 2957

                    #10
                    Their commissions page states:

                    The Exchange charges a commission on winning trades

                    Always remember, that commissions are only charged on your net winnings for any event.
                    These are two very different things...
                    Comment
                    • HeeeHAWWWW
                      SBR Hall of Famer
                      • 06-13-08
                      • 5487

                      #11
                      Hrrrrrm. 12% point loss per week. If you risked $5k per week, after 5 weeks you'd be at 394 pts, after 10 601, after 15 711, after 20 769, after 30 815. The 12% is a killer, essentially plateaus out your points max. That 700-800 range gets you a 32% discount, ie reduces your commission on winnings from 6% to 4.08%.

                      If you put through $20k a week, it plateaus out around 3000 points, ie 46% discount, net commission 3.24%


                      I can't see why anyone would use this ahead of matchbook, where the commission is so much less. If you have betfair with this sort of volume, you can get down to 2.5% or even 2% commission, and the liquidity and choice of markets is much better. You've also got the ability to take points decay vacations.

                      The only real upside of betmaker vs betfair is the decay rate is 12% rather than 15%, and no premium charge.
                      Comment
                      • Bill Dozer
                        www.twitter.com/BillDozer
                        • 07-12-05
                        • 10894

                        #12
                        You also have another book charging less than a sportsbook. If BetCRIS market makers can open a line at X dollars the commission isn't as important as the fact that you can get down big early at less than -110. I'd hope it evolves into a reduced juice CRIS option rather than an either-or exchange. We'll have to see what they decide to do.
                        Comment
                        • Joe Dogs
                          SBR MVP
                          • 07-20-09
                          • 1931

                          #13
                          Originally posted by patswin
                          When does this thing open?




                          UP AND RUNNING NOW http://BETMAKER.COM
                          Comment
                          • HeeeHAWWWW
                            SBR Hall of Famer
                            • 06-13-08
                            • 5487

                            #14
                            Originally posted by Bill Dozer
                            You also have another book charging less than a sportsbook. If BetCRIS market makers can open a line at X dollars the commission isn't as important as the fact that you can get down big early at less than -110. I'd hope it evolves into a reduced juice CRIS option rather than an either-or exchange. We'll have to see what they decide to do.

                            Ahh - you think they'll seed it with big money themselves?
                            Comment
                            • Mike_79
                              SBR Hustler
                              • 12-12-05
                              • 56

                              #15
                              As a horseplayer, I can't say how huge this is. U.S. horseplayers don't have access to Betfair (without jumping through hoops) and we're probably a bit away before Betfair attempts to make a push for a legalized U.S. exchange for horses since it hasn't even been a year since they acquired TVG. All serious horseplayers I know are extremely excited for this once it's fully launched (it's a soft launch now I'm imagining.)

                              As far as sports, I'd probably be sticking with Matchbook most of the time. Probably the only reason I wouldn't is if Betmaker offers more live betting options. Most of my sports action is during games available to bet live.

                              I'm excited to see what the next month brings for this new exchange.
                              Comment
                              • Mudcat
                                Restricted User
                                • 07-21-05
                                • 9287

                                #16
                                I like options. I'll be keeping an eye on it.
                                Comment
                                • sportsbetwin
                                  SBR Wise Guy
                                  • 03-07-09
                                  • 745

                                  #17
                                  A new safe exchange can only be good.
                                  Comment
                                  • Wild Reet
                                    SBR High Roller
                                    • 02-09-07
                                    • 116

                                    #18
                                    How do we know this is run by CRIS? I know they bought the Betmaker accounts and folded them in to Bookmaker a few years ago. The company listed at the bottom of the Betmaker homepage is BMX Entertainment Ltd., 71C Georgio A, Office 3, Germasogeia, 4047 Limassol, Cyprus.
                                    Comment
                                    • pirate
                                      SBR High Roller
                                      • 05-18-08
                                      • 216

                                      #19
                                      Betmaker and Ehorse exchange are EXACTLY the same in the dollar amounts offer or lay...they are identical mirror site...What gives?
                                      Comment
                                      • magnavox
                                        SBR Wise Guy
                                        • 08-14-05
                                        • 575

                                        #20
                                        It is network based. As has been in the past. Other books used it too, like WWTS.
                                        Comment
                                        • pirate
                                          SBR High Roller
                                          • 05-18-08
                                          • 216

                                          #21
                                          Then nothing has changed in the industry...Lines don't compare to MB and neither does the commission
                                          Comment
                                          • magnavox
                                            SBR Wise Guy
                                            • 08-14-05
                                            • 575

                                            #22
                                            This is how it looked back then. The parent site was TradingSports.net
                                            Attached Files
                                            Comment
                                            • SPECULATOR 13
                                              SBR Wise Guy
                                              • 08-12-07
                                              • 768

                                              #23
                                              Originally posted by Chuck Sims
                                              BetMaker charges 6% commission on winning bets. No commission charge on losing bets. I'm not paying 6%, thats absurd. Staying with Matchbook.
                                              Chuky keep the faith!

                                              They will get it together within a month i am sure,i called Cris and i was told that they wont mind at all if one would bet big time at betmaker and than go for the Limit with BOOKMAKER.I also heard a interview by John Kelly with Mickey Richardson the top dog at Cris where he was matter of factually about his plan for betmaker.Here is the link:

                                              http://www.talkzone.com/archives.asp?sid=1595

                                              Originally posted by sportsbetwin
                                              A new safe exchange can only be good.
                                              AAAAAAAAAAAAMEN Sporty and with all the bullsh.t that is going with betfair (witch is more than meet the eye),BETMAKER can smell blood they will get their act together.The liquidity they will have from all the U.S.money coupled to their affiliation with the Cris and without all that ID bullsh.t from those betfair losers will end up having many Euros switch to them right out of Betfair.I also believe that they are sure that the EUGIA non-sense will be removed by year's end.

                                              Originally posted by katstale
                                              I just did and it sent a familiar tingle up my leg. Don't tease me like that!! It is hard to type and wipe drool at the same time.
                                              ,
                                              your the man!
                                              Comment
                                              • durito
                                                SBR Posting Legend
                                                • 07-03-06
                                                • 13173

                                                #24
                                                The only markets up are futures?
                                                Comment
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