Don't Let Matchbook Die!

[vanzack]

In what other industry do you pay comms based on profits? If this was truly the secret to generating liquidity, do you not think that stock exchanges would adopt this policy?

Also, in your example, you are assuming you are taking liquidity -- which is certainly not always the case.

All I can tell you is what I see, and I see a lot less liquidity since they changed the commission structure. Maybe it is due to something else altogether, but it makes logical sense to me that the old commission structure would encourage more trading. I know I did a TON more trading before, and was market making all the time. I think there were probably others too.

[Doug]

Two 1pm NBA games today. Half an hour before gametime liquidity sucks.

[Fishhead]

MATCHBOOK fuels offshore gaming.

[todd73nj]

Two 1pm NBA games today. Half an hour before gametime liquidity sucks.

Doug, Im only posting 15 mins after you - I see plenty of bids/offers.

One of the real problems for the live games is look right now -

The Chicago/Memphis game which is live and on play; All night last night, all morning this morning, and probably right up until 1:00 or 1:02 (1:05 start) - Mathcbook shows Bulls +5.0 as a line.

With three minutes to go before the game - they will move it to a .5 line. (Now please dont say you have to use .5 so there isnt a push - thats not what Im bring up here - thats obvious) Many of the people who have positions on the 5.0 line from the last 15 hours of the line being posted are now alienated from live betting. If you have ab ig account maybe it wont matter and you can find a freeroll using 5/5.5 - but for many others they are now locked in. There is no point to their smart balance system if they dont have a good line posted hours before. Whats the big deal if its not the exact tight line of 5 mins before the game? If they had posted 4.5 or 5.5 last night it wouldnt matter at this point.

I almost never take a pre game position anymore. And then once its game time, I cant get the size position Id like to have bec the liquidity is down - maybe because so many accounts are locked up with plays that arent live.

The more players that have the live line - would hopefully mean to me - the more players who will trade.

But Matchbook does not listen to their players.

[todd73nj]

Wow - I take it back - they are all stars today - Must be because its MLK day!

They changed the live line at 12:59! A whole 6 min before. And now their is $21 available.

[vanzack]

Doug, Im only posting 15 mins after you - I see plenty of bids/offers.

One of the real problems for the live games is look right now -

The Chicago/Memphis game which is live and on play; All night last night, all morning this morning, and probably right up until 1:00 or 1:02 (1:05 start) - Mathcbook shows Bulls +5.0 as a line.

With three minutes to go before the game - they will move it to a .5 line. (Now please dont say you have to use .5 so there isnt a push - thats not what Im bring up here - thats obvious) Many of the people who have positions on the 5.0 line from the last 15 hours of the line being posted are now alienated from live betting. If you have ab ig account maybe it wont matter and you can find a freeroll using 5/5.5 - but for many others they are now locked in. There is no point to their smart balance system if they dont have a good line posted hours before. Whats the big deal if its not the exact tight line of 5 mins before the game? If they had posted 4.5 or 5.5 last night it wouldnt matter at this point.

I almost never take a pre game position anymore. And then once its game time, I cant get the size position Id like to have bec the liquidity is down - maybe because so many accounts are locked up with plays that arent live.

The more players that have the live line - would hopefully mean to me - the more players who will trade.

But Matchbook does not listen to their players.

Totally agree with this also.

If they are going to use a -5.5 live line, put it up along with the current line of -5 way before tipoff.

They do this in the NFL too, a game that is 3 all week they put up 2.5 or 3.5. All they need to do is put those options up at the beginning of the week when they put up the 3.

[msdw1]

It is all about the market makers. Individuals rarely make substantial offers and they are one-sided. Whether it is the stock, currency or commodities markets, they all rely on MM who make money from the price gaps by providing continuous liquidity. MB must have tightened credit if MM have disappeared. MM will not post up funds. MM in other businesses work on credit and settle up on a routine basis.

[todd73nj]

It is all about the market makers. Individuals rarely make substantial offers and they are one-sided. Whether it is the stock, currency or commodities markets, they all rely on MM who make money from the price gaps by providing continuous liquidity. MB must have tightened credit if MM have disappeared. MM will not post up funds. MM in other businesses work on credit and settle up on a routine basis.

Not sure I totally agree with you. Alot of times MMers are on the live games - maybe not weeknight NBA/NCAA - but always on the weekend. Do you see the spreads? 8% would be incredibly good on MB, but Id say 13% -15% is the norm for an ingame MMer.

But when there is no one to hit the prices - they dont hang around. I trade on average of a few thousand dollars in an active game with or without a MMer.

Sure they are important.. but they need to be legit.. 5% spreads.. make some value.

[KGambler]

Exchanges are excellent where someone may need the opposite position or is willing to take a small edge on an extremely large position.

Yeah, I don't get why people are so scared of the "sharks" over at MB. So many people are making largish bets which are at best EV neutral, just for the purpose of arbing or hedging.

[Fishhead]

Way up at Matchbook.......do not fear the so called sharks.

[Dark Horse]

please check how Tradesports are doing and
then check Matchbook.

If Matchbook didn't have changed their 2% commission structure the sharks would have already killed them.

The sharks would have killed the exchange. Now everything becomes clear.

Is that what happened to TS, you think?

[Legions36]

Seriously how stupid can people really be by saying stuff about shark this shark that, that they prey on the weak at match. Come on, people make bets its up to the individual to find whats best for him. The lines are already up they just put what juice they want on it, doesnt mean they have any control of the outcome. If the person is to dumb and picks a bad juice then thats his fault, not because the sharks prey on the weak. Look at what you idiots are saying, obviously if people are using an exchange it obviously means that they are aware of juice, the stuff that i hear come out of people.

[OTL]

Liquidity is actually not too bad on tonight's NHL games... Unfortunately, I work a day job and am unable to monitor the markets until shortly before game time waiting for things to pick up. I have to place my wagers at night, or first thing in the morning as soon as Vegas gets the lines out.

[Igetp2s]

Not good on NBA late game. Very little available 10 minutes before tip-off.

[evo34]

The sharks would have killed the exchange. Now everything becomes clear.

Is that what happened to TS, you think?

What happened at TS is that they had a ridiculously awkward interface, which was was not improved one iota over the three years I used them. That, and a much more expensive fee structure than MB. If you remember correctly, liquidity at TS was tiny compared to Matchbook in the later years of TS. That's what killed TS.

[tachi]

The sharks would have killed the exchange. Now everything becomes clear.

Is that what happened to TS, you think?

Why there is a premium charge in Betfair? Greed?

In the same time they introduced PC they
started giving bonuses to existing rec players to play in the Sports exchange.Yes, an exchange giving bonuses.

There are reasons behind all this and greed is not between them.

[Dark Horse]

If you remember correctly, liquidity at TS was tiny compared to Matchbook in the later years of TS. That's what killed TS.

I know that. Already mentioned it. My question was not directed at you. I would like tachi to explain to us all how sharks can kill an exchange. I noticed that he's now going on about bonuses and exchanges, but I would like to get back to his earlier point. The dangerous sharks...

[TomG]

MATCHBOOK fuels offshore gaming.

i used to think it was pinnacle with their high limits and low juice that fueled offshore gaming. or perhaps CRIS or olympic with their rock solid financial standing, early openers, and array of betting options that fueled offshore gambling.

now i know better. MATCHBOOK fuels offshore gaming.

[todd73nj]

Im just curious - we all seem to have different liquidity definitions here.

Someone said about NHL liquidity - but thats not live.

I dont think there are any pre-event issues at Matchbook - except maybe in very obscure contracts.

The issue is the live games in my opinion.

[HedgeHog]

i used to think it was pinnacle with their high limits and low juice that fueled offshore gaming. or perhaps CRIS or olympic with their rock solid financial standing, early openers, and array of betting options that fueled offshore gambling.

now i know better. MATCHBOOK fuels offshore gaming.

Nice use of sarcasm. MB is but a small flicker in the gambling world.

[jackkkk2009]

when will matchbook have GP back as their deposit/withdraw option?

[Fishhead]

Again, for the 3,323rd time.................HALFTIMES are the N-U-T-S at MATCHBOOK.

[todd73nj]

I agree, Fishhead...

But I just wish there was more ingame.

If anyone is up right now - look at these sick markets on tennis. They are sleeping at MB.

[Fishhead]

I agree, Fishhead...

But I just wish there was more ingame.

If anyone is up right now - look at these sick markets on tennis. They are sleeping at MB.

[Cookie Monster]

Again, for the 3,323rd time.................HALFTIMES are the N-U-T-S at MATCHBOOK.

For most people, that is like saying that there is lots of liquidity at African soccer. The public is far less interested in halftime bets than full game. I know, the traders can get of position in halftime, but the common guy does not have a large position to get out of.

Also find weird all the talk about sharks. I can bet at Bookmaker at -110, with pinny at -105 or with a matchbook shark at -102. Even if the shark is offering -EV, the alternatives, even at pinny are worse. It is a no brainer for me.

[Fishhead]

A no-brainer is having MATCHBOOK funded at ALL TIMES.................

[eyeball]

The only way now to withdraw is snail mail 21 days... They told me no more Bank Wire

[kkkkk]

The only way now to withdraw is snail mail 21 days... They told me no more Bank Wire

well, at least they offer a possibility to withdraw could be worser.

[scott235]

Has anyone talked to MB about future dep and payout options for americans- is ther anything in the works?

[Legions36]

Has anyone talked to MB about future dep and payout options for americans- is ther anything in the works?

Yes i have, they dont give an exact time but say that courier will be back and wire also soon, thats all i have from them.

[Doug]

I think they already died, months ago ! JJGold is right about them not growing in 5 years.... they have actually contracted like George Costanza's balls in a pool !....... Shrinkage, I was in the POOL !

FH is delusional and wants to save them ! Well then get some ******* way to deposit and withdraw other than transfers to 5D/ Betjam !

MB is declining fast ! They are dead when transfers stop !

[losturmarbles]

oops

knew I forgot something.

[Fishhead]

GREAT ACTION on a few halftimes this evening...........simply a MUST OUT is MB.


WOW

[AribaAriba]

If this MB going for bankrupt i'll be so scared to have big money on them. You cant get ur money once they will run bankrupt.

[KGambler]

If this MB going for bankrupt i'll be so scared to have big money on them. You cant get ur money once they will run bankrupt.

Actually, I don't know why anyone is saying MB is "declining fast". I don't agree. Liquidity is a little lower than it was back in the day, but is much better than some people are claiming here.

MB should be so much bigger though. MB's poor management is definitely a problem.