Matchbook market maker

Chuck Sims · 02-01-11, 12:35 PM

I wonder how many people use market maker. I paid no attention to it.

David · 02-01-11, 01:16 PM

With Matchbook market maker you can quickly make offers on both sides of a market.

masontnk · 02-01-11, 09:30 PM

I am very interested as well

Legions36 · 02-01-11, 10:48 PM

yeah i have never used this either and im on Match everyday... Anyone know how to use this??

allang84 · 02-02-11, 04:41 AM

so no one really knows what it does

Chuck Sims · 02-02-11, 01:47 PM

Originally posted by allang84

so no one really knows what it does

Yes, thats correct

Ibrakadabra · 02-02-11, 01:52 PM

Originally posted by Chuck Sims

Yes, thats correct

Stacocakes · 02-02-11, 04:17 PM

Yes the way they word it is kinda weird.I have been on Matchbook for a long time and have never used marketmaker. I have read the blurb they have about it in the help section and the example they give is this:

In this example, MarketMaker will enter a request for Boston -7.5 at odds of +106 and another for Sacramento +7.5 at +106. (Remember, these offers will appear in the market at -106 by -106, so that other people can match up against your requests.) If you get balanced action on these offers, you will lock in a profit of 2.5%, equal to your selected vig.

I really see no difference between this example and just entering an offer on each team.You would also need someone to take the other side in this example so if you tried to do this you might be left with exposure on just one team. Not really sure why they have this feature.I am going to just ignore it

allang84 · 02-02-11, 04:27 PM

yes so if the liquidity is shit how are you supposed to get matched on both teams?

cyberinvestor · 05-14-11, 05:30 PM

Bumping this as I am curious if anyone was able to be a market maker (play both sides) for over $5,000 on each side? The option is great if it works but I fear you won't get filled on both side frequently enough. Anyone?

the sink · 05-14-11, 07:04 PM

u cant do stuff like that when u have to pay commision on every bet instead of net win

lukahh · 05-15-11, 05:55 AM

Originally posted by the sink

u cant do stuff like that when u have to pay commision on every bet instead of net win

yes, market maker would be much more applicable on betfair.
nevertheless matchbook comission is reasonably low.

cyberinvestor · 05-15-11, 07:48 AM

Gotcha! Thanks for the replies guys!