Matchbook Commission Credits Question

[dynamite140]

I will be depositing $3000 into matchbook using the direct deposit option. I also will be depositing money into 5Dimes and betjamaica as well.

I know Matchbook fees are 3.5 percent for deposits but they reimburse you in commission credits. I know that if you accept offers you will have to pay around a 1 percent commission fee but you will get reimbursed. So for every $3,000 deposit, my account will show a balance of $2,895 and $105 in commission credits.

So for every $3,000 deposit, my account will show a balance of $2,895 and $105 in commission credits. So if i make 3 of these deposits that would be $8625 in my balance and $315 for commission credits!!

What happens to those people who never accept a bet and all they do is make offers and have them matched. I know eventually you will have to accept an offer but if there are people who only place offers and never accept them, how can they ever get their commission credits reimbursed?

Or am i looking at this the wrong way since books like 5dimes and betjamaica will reimburse you assuming you deposit at least $300 or $500 in your account. I know their reimbursing in commission credits but i kind of look at it as a fee.What happens to those people who never accept a bet and all they do is make offers and have them matched. I know eventually you will have to accept an offer but if there are people who only place offers and never accept them, how can they ever get their commission credits reimbursed?

[Doug]

In that case you'll never use credits up.

[BROOKLYN BOY]

I'm gonna try that method too but i want to try *******

[dynamite140]

anyone else?

[Justin7]

anyone else?

If you never accept offers, you're leaving a lot of money on the table at Matchbook. If you want to use them up, look at the smaller markets. You'll sometimes find ridiculous offers that you can accept, but your reasonable offers in the same market are not likely to be filled.

[chunnnn2010]

Will your bank asked why you pay that much for utility bill? Keep sending that amount many times, will your bank stop you dong that on your bank account?

[Halifax]

anyone else?

You don't need "anyone else" ... Doug already gave you the correct answer.

If you NEVER accept an offer, you will never use up those commission credits. And if you NEVER use up the commission credits, they essentially become a fee.

[Halifax]

Will your bank asked why you pay that much for utility bill? Keep sending that amount many times, will your bank stop you dong that on your bank account?

Am I the only one who has no idea WTF this has to do with the price of tea in China ?

[the sink]

"I know that if you accept offers you will have to pay around a 1 percent commission fee but you will get reimbursed."

it sounds like u think u will get that 1% back...?
that is the money matchbook makes

[trumpdown]

Personally I wouldn't worry about it, as you probably wont always be on the offer side. What if the line moves and are no longer offering but accepting?

[dynamite140]

"I know that if you accept offers you will have to pay around a 1 percent commission fee but you will get reimbursed."

it sounds like u think u will get that 1% back...?
that is the money matchbook makes

Yes i know this is the money matchbook makes. However, if i have $100 in commission credits, they are not really making money since now i have $99 commission credits correct?

[msdw1]

Wire transfers minimize this issue. Most banks charge no more than $50, regardless of the amount. WaMu offered free ones.

[dynamite140]

Has anyone had problems with a bank wire transfer to bank of america? There was a person that said don't do it because he had the transfer lost for about 4 months but finally got the money credited to his account.

[Kaabee]

Trust me, you are going to use them.

[Ryangene]

Kaabee is right!

[dimon]

just use them up...otherwhise it is a fee

[dynamite140]

Okay this is what i am thinking. If i just deposit the $3000 and then have $2895 in my balance and $105 in my commission credit balance, wouldn't it take a long time to have my commission credit balance hit 0 if i do win? I mean for every $100 wager or so, it would be $1 commission. Wouldn't i need to WIN $10,500 in bets or so to clear my commission credits? I probably have to put at least $20,000 of wagers just to win back the commission fees. Am i looking at this the wrong way?

Would a better idea be just to deposit $3,000 on 5dimes and then risk a total of $3000 at 5dimes and then transfer hopefully at least $3,000 to matchbook so I would not be paying a fee? I know i would still be paying a commission when i win my bets at matchbook from this point on. Also, i do know that if you do a book transfer from 5dimes to matchbook, that you need to wager 2x the amount for rollover which is $6000 before you can make a withdraw. Yes i know that if you play on 5dimes as oppose to matchbook, the juice would be a worst but does this method sound better?

Thanks.

[Hareeba!]

Okay this is what i am thinking. If i just deposit the $3000 and then have $2895 in my balance and $105 in my commission credit balance, wouldn't it take a long time to have my commission credit balance hit 0 if i do win? I mean for every $100 wager or so, it would be $1 commission. Wouldn't i need to WIN $10,500 in bets or so to clear my commission credits? I probably have to put at least $20,000 of wagers just to win back the commission fees. Am i looking at this the wrong way?

Would a better idea be just to deposit $3,000 on 5dimes and then risk a total of $3000 at 5dimes and then transfer hopefully at least $3,000 to matchbook so I would not be paying a fee? I know i would still be paying a commission when i win my bets at matchbook from this point on. Also, i do know that if you do a book transfer from 5dimes to matchbook, that you need to wager 2x the amount for rollover which is $6000 before you can make a withdraw. Yes i know that if you play on 5dimes as oppose to matchbook, the juice would be a worst but does this method sound better?

Thanks.

You don't have to win anything to have some commission credits applied.
Matchbook isn't Betfair where you pay only when you win
They will charge you commission every time you accept offered odds whether you win or lose
If you are happy to take 5dimes odds there is every likelihood that you'd be doing better at Matchbook even after commission much of the time and it won't take too long to use up $105 in credits.

[dynamite140]

So if you want to accept to win a $100 bet, you have to make your to win amount 101.01 correct? This is assuming if the odds you have show -105 for example? Because they take the 1% from the lower of the 2 amounts?

I remembered back then it was 2% commission only if you won.

[jackkkk2009]

2% commission was two years ago. now, it's 1% or less

[Hareeba!]

2% commission was two years ago. now, it's 1% or less

yes, but you now pay win or lose

[heyman]

Okay this is what i am thinking. If i just deposit the $3000 and then have $2895 in my balance and $105 in my commission credit balance, wouldn't it take a long time to have my commission credit balance hit 0 if i do win? I mean for every $100 wager or so, it would be $1 commission. Wouldn't i need to WIN $10,500 in bets or so to clear my commission credits? I probably have to put at least $20,000 of wagers just to win back the commission fees. Am i looking at this the wrong way?

Would a better idea be just to deposit $3,000 on 5dimes and then risk a total of $3000 at 5dimes and then transfer hopefully at least $3,000 to matchbook so I would not be paying a fee? I know i would still be paying a commission when i win my bets at matchbook from this point on. Also, i do know that if you do a book transfer from 5dimes to matchbook, that you need to wager 2x the amount for rollover which is $6000 before you can make a withdraw. Yes i know that if you play on 5dimes as oppose to matchbook, the juice would be a worst but does this method sound better?

Thanks.

Simple assumptions aside, here are some numbers:


ALL ACCEPTING extreme example:

If you rollover $15000 for MLB sides or $13,125 for MLB totals you will use the full $105 commission credits

Of course the juice is still better then 5Dimes with only accepting:
Commission is 2cents or better:
Up to +185 on MLB sides
Up to +150 on MLB totals
So matchbook’s 1c/2c lines become 5c/6c
So matchbook is -102.5/-102.5
And 5Dimes is -105/-105


ALL OFFERING and never use the $105:
1c lines, -100.5/-100.5
And 5Dimes is -105/-105

If you risk $105 to win $100 at 5Dimes then for every $100 rolled over you lose $4.50 versus matchbook. Need to risk $2,333 and roll over $2,222 (100/4.5*$100) to lose $105 in juice at 5Dimes equal to the fees that were reimbursed as commission credits in matchbook.

[dynamite140]

heyman what your saying is just deposit in matchbook and get the commission credits correct? I am pretty bad in math but just know the basics but is that what you are saying in your last paragraph?

[heyman]

heyman what your saying is just deposit in matchbook and get the commission credits correct? I am pretty bad in math but just know the basics but is that what you are saying in your last paragraph?

I was just throwing some numbers out there for you to consider. You said you will be making mostly offers, (using the extreme example of only offering) and you wager >$2300 you will do better than betting at 5Dimes even if 5Dimes fully reimburses your fees and you never use your commission credits at matchbook. Its tough to beat matchbook if you do a decent amount of straight betting volume.

[dynamite140]

oh no heyman. I will almost always accept offers. The reason is because i bet so close to gametime but i just meant assuming i made offers, then i wouldn't have my commission fees credited. Only time i might make an offer is if i see +132 and -130 and then i can do -131 as an offer but almost always i will just accept an offer.

why do you say its tough to beat matchbook if i just do straight betting volume?

[Hareeba!]

why do you say its tough to beat matchbook if i just do straight betting volume?

just take a look at the odds at Matchbook and compare with 5Dimes and other books

no juice at Matchbook will ensure that 90%+ of the time they have the best odds even when you factor in commission

[dynamite140]

just take a look at the odds at Matchbook and compare with 5Dimes and other books

no juice at Matchbook will ensure that 90%+ of the time they have the best odds even when you factor in commission

Yes i know matchbook will have the better odds almost all the time. But why is it hard to win doing straight betting volume with matchbook. That is what i am confused.

[heyman]

Only time i might make an offer is if i see +132 and -130

Probably don't need to worry about that...

Yes i know matchbook will have the better odds almost all the time. But why is it hard to win doing straight betting volume with matchbook. That is what i am confused.

I guess what I wrote can be taken more then one way. I'll rephrase, It is hard to beat matchbook's odds for straight bets. Depends on the bettor if it's hard to win at matchbook.

[dynamite140]

why would it be easier to win at a book like 5dimes then as oppose to matchbook?

[Hareeba!]

why would it be easier to win at a book like 5dimes then as oppose to matchbook?

It wouldn't!

I think you are misreading what has been said.

It's hard to beat Matchbook's odds

not

It's hard to beat Matchbook

[Hareeba!]

It wouldn't!

I think you are misreading what has been said.

It's hard to beat Matchbook's odds

not

It's hard to beat Matchbook

Okay even that's ambiguous!

What is being said that it's hard to find better odds than you can get at Matchbook

[dynamite140]

So pretty much having money in matchbook at 5dimes is really all you need correct? I deposited in matchbook earlier and should have the money in my account in 10 days or so.

[Hareeba!]

So pretty much having money in matchbook at 5dimes is really all you need correct? I deposited in matchbook earlier and should have the money in my account in 10 days or so.

good luck dynamite
money at 5dimes is no good to me ... they let me bet peanuts only
luckily I can use Pinnacle though
and I'd hate to be in the position where it takes 10 days rather than 10 seconds to get money into a bookie's account!

[Climate]

Matchbook is the nuts as long as they pay.

[dynamite140]

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.