Matchbook Question.

[Hareeba!]

For most sports they charge a 1% commission for accepting the bet. They charge this commission on the lesser of the "to win" or "to risk" amounts.

Accepting a -103 bet would result in juice of -105.05.

If you bet $103 to win $100, you would actually be risking $104 ($103 + $1 commission) to win $99 ($100 - $1 commission).

ok I concede, the -105 at 5D is very marginally better than accepting -103 at MB but for the same risk it is only about 6c in $100:

MB stake $99.03 (risking $100 with 97c. comm.) to win $95.18
5D stake $100 to win $95.24

[KGambler]

ok I concede, the -105 at 5D is very marginally better than accepting -103 at MB but for the same risk it is only about 6c in $100:

MB stake $99.03 (risking $100 with 97c. comm.) to win $95.18
5D stake $100 to win $95.24

Right. And on top of that, you would be able to bet much more on MB than on 5D, where the max bet for reduced juice is $500. I believe in your example the commission would be 95c though. But anyway, you are right. It is a very marginal difference.

The point is that he should not have to accept -103 though. It should be easier to get a better price, if he is patient.

The people who think you can't get better lines than Pinny at MB are just totally and completely clueless. Or maybe they don't have the time to bet in the hours preceding game time, or can't spend more than 30 seconds on any one bet...

[Hareeba!]

r maybe they don't have the time to bet in the hours preceding game time, ...

yes, this is very much the case and the biggest problem betting on exchanges for many I would expect

frequently I have to just take the best odds I can wherever I can find them or put up an offer at the odds I'm looking for because I can't be in attendance in the lead up to the event

if that's the case for me, it must be even more so for those who have a "day job"

[Legions36]

Right. And on top of that, you would be able to bet much more on MB than on 5D, where the max bet for reduced juice is $500. I believe in your example the commission would be 95c though. But anyway, you are right. It is a very marginal difference.

The point is that he should not have to accept -103 though. It should be easier to get a better price, if he is patient.

The people who think you can't get better lines than Pinny at MB are just totally and completely clueless. Or maybe they don't have the time to bet in the hours preceding game time, or can't spend more than 30 seconds on any one bet...

If they cant make time to wait for a good deal so they could make some good doe then there doing something seriously wrong, like i said before thats why they complain cause they don't really know whats out there and how important match is.

[losemyloot]

yes, this is very much the case and the biggest problem betting on exchanges for many I would expect

frequently I have to just take the best odds I can wherever I can find them or put up an offer at the odds I'm looking for because I can't be in attendance in the lead up to the event

if that's the case for me, it must be even more so for those who have a "day job"

This is exactly the case. I am not a pro and don't have the time it takes to become a pro. Basically a recreational gambler that has a full time job, kids, and wife. I just don't have the time to wait for a match on matchbook. I eventually will have an account at both 5Dimes and Matchbook but right now I just have enough extra dough to open an account at 1 or the other. With college basketball liquidity being weak at Matchbook I am kinda leaning towards 5Dimes.

[Legions36]

This is exactly the case. I am not a pro and don't have the time it takes to become a pro. Basically a recreational gambler that has a full time job, kids, and wife. I just don't have the time to wait for a match on matchbook. I eventually will have an account at both 5Dimes and Matchbook but right now I just have enough extra dough to open an account at 1 or the other. With college basketball liquidity being weak at Matchbook I am kinda leaning towards 5Dimes.

You should make time cause your missing out.

[Santo]

If it's a (low-cost) hobby not an attempt to make money then it's fine; it's perfectly valid to rather miss out on Matchbook odds than time with the family etc...

[Legions36]

If it's a (low-cost) hobby not an attempt to make money then it's fine; it's perfectly valid to rather miss out on Matchbook odds than time with the family etc...

Good point i guess your right.