Matchbook Commission Credits Question

[Fishhead]

Matchbook is the nuts

The heartbeat of the offshore world for U.S. punters.

[dynamite140]

Okay this is definitely not a good method. I placed about 12 bets or so total since my deposit. My bets during baseball season has been real small. Its just $25 or $50 at this point as oppose when i use to bet $100-$500 a game few years ago. Well after 12 wagers i made, my commission credits show 103.50. I started with 105 commission credits. So basically i wagered a total of $425 if you look add the lower amount of the two and just USED $1.50 in commission credits. I would say half of my games were i put the offer and the other half i took an offer.

I definitely wished i deposited into another book first and wagered the rollover 1 time and then transferred it to matchbook. However, i do know you have to rollover that amount transferred to 5dimes 2 times though before you can make a withdrawal. Still, I think that method would have been much better than this instant deposit option i used.

[dynamite140]

Alright. So far, I have wagered about $1100 or so. My Commission Credits was $105 when i deposited. Right now the balance is $101. However, i say a bit more than half of my wagers i made an offer that was accepted than accepted an offer. I am definitely upset that i used this method to deposit.

I wished i had never deposited using this method. For every $100 wager that i accept in baseball, its only 0.70 or so in commission credits. It seems to me its pretty easy to get offers accepted. If i see +119/-120 and want the -120 side, I just put up an offer for -119 and just wait to see if it matches. After a while if it doesn't then i just go and take the -120. However, it really seems to me if you bet a game even 1-15 minutes before a game starts like me, you can get your offer accepted a good majority of the time.

[Hareeba!]

Alright. So far, I have wagered about $1100 or so. My Commission Credits was $105 when i deposited. Right now the balance is $101. However, i say a bit more than half of my wagers i made an offer that was accepted than accepted an offer. I am definitely upset that i used this method to deposit.

I wished i had never deposited using this method. For every $100 wager that i accept in baseball, its only 0.70 or so in commission credits. It seems to me its pretty easy to get offers accepted. If i see +119/-120 and want the -120 side, I just put up an offer for -119 and just wait to see if it matches. After a while if it doesn't then i just go and take the -120. However, it really seems to me if you bet a game even 1-15 minutes before a game starts like me, you can get your offer accepted a good majority of the time.

so you are getting better prices than you could elsewhere ... but you are complaining

I do much the same thing ... I know I will eventually use up my comm. credits ... what's the problem?

[dynamite140]

Problem is i wished i didn't use the instant deposit option because of the 3.5 percent fee eventhough its reimbrused in commission credit.. Matchbook support told me it would be better for me to do a bank wire because those fees are fixed and they average between $25-$60 at the most. So if i deposited $6000 using instant deposit, i would have to do it 2 times and i would have $210 in commission credits. If i did a bank wire for $6000, my commission credits would be $60 at the most probably.

[dynamite140]

anyone else?

[Hareeba!]

What is peanuts? Also my reduced juice is only $50 on 5dimes. I took that bonus as oppose to reduced juice 4 years ago and wished i did not took it.

that's peanuts
I can't be bothered chasing the extra cent for $50 (if that at 5D) when I'm trying to play $2k
more than 50c worth of effort

[Hareeba!]

Problem is i wished i didn't use the instant deposit option because of the 3.5 percent fee eventhough its reimbrused in commission credit.. Matchbook support told me it would be better for me to do a bank wire because those fees are fixed and they average between $25-$60 at the most. So if i deposited $6000 using instant deposit, i would have to do it 2 times and i would have $210 in commission credits. If i did a bank wire for $6000, my commission credits would be $60 at the most probably.

'fraid I'm not understanding something here

if I send $6000 I will be credited with $5,790 to play and $210 in commission credits
fortunately I don't have to incur costs to send money to them but from what you are saying, if you incur $60 in costs they will credit that to your commission credits?
if so your $6000 nets down to $5,730 plus $270 in credits doesn't it?

[dynamite140]

I mean if you deposit $6000 using the instant deposit, you have to do 2 deposits b/c it is 3k maximum at one time.. So yes it would be 5,790 in play and 210 in commission credits. If you do a bank wire however, there is no limit for a max deposit and you can do it for 6000 and you will probably have $5940 to play at least and only $60 in commission credits at the maximum.

[Hareeba!]

I mean if you deposit $6000 using the instant deposit, you have to do 2 deposits b/c it is 3k maximum at one time.. So yes it would be 5,790 in play and 210 in commission credits. If you do a bank wire however, there is no limit for a max deposit and you can do it for 6000 and you will probably have $5940 to play at least and only $60 in commission credits at the maximum.

I don't believe that's correct.
Matchbook will charge you 3.5% upfront to commission credits for any deposit
No free deposits

[dynamite140]

I spoke to their support and they told me that it would be better for me to do a bank wire as oppose to instant deposit because bank wire fees are FIXED as oppose to 3.5 percent fees to commission credits for instant deposit. yes there are no free deposits but bank wire fees cost much less which is what i'm trying to say.

[Hareeba!]

I spoke to their support and they told me that it would be better for me to do a bank wire as oppose to instant deposit because bank wire fees are FIXED as oppose to 3.5 percent fees to commission credits for instant deposit. yes there are no free deposits but bank wire fees cost much less which is what i'm trying to say.

sorry, but I still don't believe it
on that basis I shouldn't be charged any commission credits because I make fee free deposits ex Moneybookers
I'm thinking either you or they misunderstood something in that discussion
3.5% is the minimum amount of commission credits you will be charged for

[dynamite140]

They sent me 2-3 emails when i spoke to them so it was not in live support but through email.

They said this to me...

Thanks for getting back to me. Bank wire fees vary depending on the bank used but they are generally a set price and not dependent on the size of the wire. They vary from $30 to $60 approximately. On all wires of $1,500 or greater we return the fees in the form of commission credits. 3.5% of a $3,000 instant deposit is $105 so a $3,000 bank wire would cost half that on average to send.

For the direct deposits, we would need the first deposit to clear before we credit the second deposit. Based on this, you could send 2 - 3 deposits per month. Once we received notification of the first deposit you may request a new account number. alternatively, you cold send two deposits at the same time. Once we received notification of the first deposit we would credit the funds. We would not credit the funds for the second deposit however until the funds for the first deposit had actually cleared. This could take an additional 7 to 14 days.

[Hareeba!]

They sent me 2-3 emails when i spoke to them so it was not in live support but through email.

They said this to me...

Thanks for getting back to me. Bank wire fees vary depending on the bank used but they are generally a set price and not dependent on the size of the wire. They vary from $30 to $60 approximately. On all wires of $1,500 or greater we return the fees in the form of commission credits. 3.5% of a $3,000 instant deposit is $105 so a $3,000 bank wire would cost half that on average to send.

For the direct deposits, we would need the first deposit to clear before we credit the second deposit. Based on this, you could send 2 - 3 deposits per month. Once we received notification of the first deposit you may request a new account number. alternatively, you cold send two deposits at the same time. Once we received notification of the first deposit we would credit the funds. We would not credit the funds for the second deposit however until the funds for the first deposit had actually cleared. This could take an additional 7 to 14 days.

hmmm ... I don't think that's quite as clear as you seem to think it is
I stand by my assertion that they will charge you a minimum of 3.5% of the amount deposited regardless of deposit mode
And it looks to me as though they haven't reimbursed your deposit costs in comm credits if you got only $105 to start with?

[dynamite140]

They sent me another email but i cannot find it at the moment. That email told that since i wanted to do a 2 or 3 $3000 deposits, that it would be much better and cheaper for me to do a bank wire as oppose to direct deposits.

They did reimburse me. I did a $3000 deposit with the instant deposit method which is the max you can do at one time and my balance showed $2895 and $105 in commission credits

[Hareeba!]

They did reimburse me. I did a $3000 deposit with the instant deposit method which is the max you can do at one time and my balance showed $2895 and $105 in commission credits

If I'd sent them $3000 ex Moneybookers with no costs incurred they would have credited me with $2895 plus $105 in comm. credits too.

So how do you figure you've been reimbursed for the cost of your deposit, or is there no fee for you instant deposit?

[dynamite140]

Well i don't know about moneybookers. I'm assuming you're not in the USA and get to use this option because i heard this method before but never did it because i don't think its allowed in the u.s.

Well the person from matchbook said it would be cheaper for me since bank wires cost $25-$60 at the most and that i was already paying $105 for a $3k deposit even though its reimbursed in com credits. I mean if i had to pay another 3.5 percent for the deposit, what would be the point of telling me to use a bank wire to save money if i have to pay the same amount fees for commission credits if i have to pay the bank wire fee too even though they will reimburse for bank wires over $1500.

[Hareeba!]

Well i don't know about moneybookers. I'm assuming you're not in the USA and get to use this option because i heard this method before but never did it because i don't think its allowed in the u.s.

Well the person from matchbook said it would be cheaper for me since bank wires cost $25-$60 at the most and that i was already paying $105 for a $3k deposit even though its reimbursed in com credits. I mean if i had to pay another 3.5 percent for the deposit, what would be the point of telling me to use a bank wire to save money if i have to pay the same amount fees for commission credits if i have to pay the bank wire fee too even though they will reimburse for bank wires over $1500.

If there is a fixed fee for a deposit method, obviously it makes more sense to deposit $6000 than $3000 x 2 as you pay the fixed fee only once rather than twice.

But the MB reimbursement is a different question. They have charged you 3.5% in comm. credits which as I understand it is the norm and certainly what has been applied to me but I bear no costs to deposit so can't claim any further comm. credits.

If you have incurred deposit costs are they reimbursing you for them or not? It would appear that they haven't if you sent them $3000 and ended up with $2895 + $105 and remain out of pocket for your deposit costs (if any)?

[jackkkk2009]

yes, but you now pay win or lose

before you have to pay 2% of the winnings, but now you pay the less amount's percentage from risk/to win.

[dynamite140]

They reimbursed me with commission credits. I deposited $3000. My account showed $2895 balance and $105 in commission credit balance. Isn't this what is meant by they are reimbursing me in commission credits?

[Hareeba!]

They reimbursed me with commission credits. I deposited $3000. My account showed $2895 balance and $105 in commission credit balance. Isn't this what is meant by they are reimbursing me in commission credits?

Not in my language

They've simply taken 3.5% commission up front out of your deposit.

So long as you can keep playing there without losing your deposit you will end up getting that 3.5% back, just like I will. I simply regard that as an advance payment of commission to them. In the end when it's all been applied we are square.

But if you have incurred costs to make that deposit, I can't see how they've reimbursed you for them.
I incur no costs and get exactly the same level of funds to play and commission credits you've been given.

[dynamite140]

How do you get money into matchbook? I remembered you said you bet 2k a game i think or is that someone else?

[Hareeba!]

How do you get money into matchbook? I remembered you said you bet 2k a game i think or is that someone else?

I use Moneybookers to fund most of my books.
I did mention $2k as an example in a post to explain why I don't bother playing at 5Dimes for "peanuts"
But that doesn't mean I always bet quite that much or that I sometimes don't bet more.

[dynamite140]

Oh okay i get what you mean now. But i think the next time i deposit into matchbook, i will just deposit at 5dimes and then rollover it 1x and then transfer it to matchbook. I know after that transfer, i have to rollover that 5dimes deposit 2 times before i can withdraw but i think that is worth it because i don't want my balance low because of commission credits.

[Hareeba!]

Oh okay i get what you mean now. But i think the next time i deposit into matchbook, i will just deposit at 5dimes and then rollover it 1x and then transfer it to matchbook. I know after that transfer, i have to rollover that 5dimes deposit 2 times before i can withdraw but i think that is worth it because i don't want my balance low because of commission credits.

are you sure that MB won't take commission credits out of funds transferred from another book?

[dynamite140]

When i did book to book transfers 2 years ago, there were no commission credits when you make these transfers. I am damn positive that MB won't commission credits out of funds transferred from another book. I mean there is already a 2x rollover.

[austin]

so when deposit instantly you pay a fee (reimbursed as comm. credit) and when book 2 book transfer (from 5dimes) there is no fee? is it correct please?

[jackkkk2009]

Matchbook's B2B SHOULD BE 4X ROLLOVER NOW.