matchbook should do this to improve their liquidity

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  • trixtrix
    Restricted User
    • 04-13-06
    • 1897
    #1
    matchbook should do this to improve their liquidity
    allow users to accept any offer that becomes arbable w/ their previous placed bets (post-commission of course), regardless of their current balance

    eg: you place 10k bet at +170 2 hours ago, someone is now offering -160 on the other side, you should be able to take that offer up to your original bet amount even if you have zero free funds remaining in your account. this is painfully obv as it adds additional liquidity at zero additional risk..

    (watch sharpcat comes in this thread and accuse me of being a penny stinking dirty arber now lol)

    edit: you should be able to offer the other side at any arbable price also w/out additional cash outlay
    Tags: None
    • Kaabee
      SBR MVP
      • 01-21-06
      • 2482
      #2
      i don't know why the don't since if you do make a bet on both sides, they will only tie up your maximum loss in the market. the system should recognize that you are betting the other side and adjust your available balance accordingly.
        Comment
        • RonPaul2008
          SBR Hall of Famer
          • 06-08-07
          • 6741
          #3
          Always wondered why they don't do this. WSEX live betting has that with the sell feature.
            Comment
            • magnavox
              SBR Wise Guy
              • 08-14-05
              • 575
              #4
              To my knowledge this is already implemented. Long time ago.
                Comment
                • Hareeba!
                  BARRELED IN @ SBR!
                  • 07-01-06
                  • 37283
                  #5
                  Originally posted by magnavox
                  To my knowledge this is already implemented. Long time ago.
                  yeah, would surprise me if that doesn't work
                  certainly does at Betfair

                  and btw, that's trading, not arbing
                    Comment
                    • Kaabee
                      SBR MVP
                      • 01-21-06
                      • 2482
                      #6
                      haven't played there in a while but i'm pretty sure (at least then) it won't let you do anything with zero balance.
                        Comment
                        • bubba
                          SBR MVP
                          • 09-29-05
                          • 2432
                          #7
                          they have this already

                          SMART BALANCE
                          At Matchbook, you can bet both sides of a game without eating into your free funds. Learn how to maximize the effectiveness of your bankroll.
                            Comment
                            • Kaabee
                              SBR MVP
                              • 01-21-06
                              • 2482
                              #8
                              Originally posted by bubba
                              SMART BALANCE At Matchbook, you can bet both sides of a game without eating into your free funds. Learn how to maximize the effectiveness of your bankroll.
                              don't know if this works when you have zero free funds. i know that if you do have funds and then bet the other side it will work out.
                                Comment
                                • bookie
                                  SBR MVP
                                  • 08-10-05
                                  • 2112
                                  #9
                                  Originally posted by Kaabee
                                  don't know if this works when you have zero free funds. i know that if you do have funds and then bet the other side it will work out.
                                  You mean zero free funds, but an amount locked in on a side that has moved into scalpable territory?
                                    Comment
                                    • RonPaul2008
                                      SBR Hall of Famer
                                      • 06-08-07
                                      • 6741
                                      #10
                                      Originally posted by bookie
                                      You mean zero free funds, but an amount locked in on a side that has moved into scalpable territory?
                                      Just betting the other side up to the point you would make on the other side. Doesn't matter if it is a scalp or not.
                                        Comment
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