[SPECULATOR 13]

Blackie,

I have been away for awhile than i checked in the archives for a update on the "black exchange"situation but didn't see anything?
I remembered you said awhile ago that you would have more details around JUL 25th?
So unless i didn't search properly ,
do you have any news?

[mmike032]

http://scarsdale.patch.com/articles/...ate#pdf-407164

[SPECULATOR 13]

http://scarsdale.patch.com/articles/...ate#pdf-407164

are you sure you got the right people,the exchange i speak off is run by the folks at rebatewager

[mmike032]

no clue
probally just the same nicknames

[trumpdown]

Ask the RW trolls they should be around any minute.

[BLACKIE]

Core application is almost complete. Should be up by the first week of the NFL. We're going to run in beta before we open to cash deposits. We will be running weekly and monthly capping contests using an exchange platform that will allow users to get familiar with the software, exchange process and give us feedback on improvements.

[trumpdown]

Blackie, I am to assume there will be in-play Live wagering. If so, on select events or will you leave wagering open throughout all games?

[bookie]

Blackie...Have you settled on a commission structure yet? Would be good to know what it is as we plan where to put our money.

[Igetp2s]

Core application is almost complete. Should be up by the first week of the NFL. We're going to run in beta before we open to cash deposits. We will be running weekly and monthly capping contests using an exchange platform that will allow users to get familiar with the software, exchange process and give us feedback on improvements.

That is the key, being willing to listen to improvements from users, unlike some other exchanges which I won't mention.

[Dark Horse]

That is the key, being willing to listen to improvements from users, unlike some other exchanges which I won't mention.

That is very useful. But the key to any exchange is liquidity. How do you plan to solve that problem, Blackie?

[jpb383]

the exchange is bet25back.com
High rollers only

[donkdown]

cant wait 4 this

[katstale]

bump update Blackie?

[-105]

I hope you get more deposit options than your other sites.

[bookie]

If it's not up and running by now there not going to have the kinks worked out and the players deposited in time to offer football. Kind of a bummer.

[nosttrader]

Keep us posted. Interested in how you plan to solve the liquidity issue.

[BLACKIE]

Don't want to keep you guys hanging. Wont be ready for deposits for a few months. I am reviewing the first release of the software this evening with the developer. If all is well we will be dropping it on our new servers this weekend and finishing testing by the 12th. Should be up for beta by the 15th of this month. Our goal is to put the product up as a fee contest site and give out weekly and monthly cash prizes to the top sports traders to help us test the software and recommend improvements. We'd like the final product to be a combination of our model with the input and changes as recommend by the users.

[Santo]

The problem is that trading prices is a pretty time intensive process, and doesn't really suit a contest format. I'd be surprised if you get enough participation to get reliable results...

[BLACKIE]

The problem is that trading prices is a pretty time intensive process, and doesn't really suit a contest format. I'd be surprised if you get enough participation to get reliable results...

Thought is to educate gamblers on exchange betting by giving them the free tools and platform to learn exchange betting while earning some free cash and we could build a base of future sports traders.

[mtneer1212]

I think Blackie is taking the right approach here..... the worst thing that he could do is to rush out a half-assed, non-liquid, buggy exchange platform that gets universally panned because it isn't matchbook or BetFair. I'd rather he delay it several months or a year and build some momentum and liquidity and do it right. Matchbook is good, but it can be improved upon in so many ways....... especially software-wise.

[bookie]

Thought is to educate gamblers on exchange betting by giving them the free tools and platform to learn exchange betting while earning some free cash and we could build a base of future sports traders.

I think that's a smart approach. However it works out, sounds like you're taking a smart step-by-step approach. Santo has a point, but no-fee contests tend to bring the masters of the free play out of the wood work.

Keep us posted...

[BigDaddy]

if i recall didn't matchbook give you like a free $50 or $100 to try them out when they first opened?

[SPECULATOR 13]

Thought is to educate gamblers on exchange betting by giving them the free tools and platform to learn exchange betting while earning some free cash and we could build a base of future sports traders.

I agree with this approach BLAKIE,you will be able to "cut your teeth"with that exchange concept in "real time" and create a buzz.You can count me in.
Good job

[Dark Horse]

If this was a stock I'd buy it. lol

Guy makes the right moves, thinks outside of the box, but doesn't rush into things.

[SpiderMonkey]

I have a moderate chubby just thinking about this.

[katstale]

Looking forward to seeing it and looking at funding options. Right direction tho it seems.

[Chuck Sims]

if i recall didn't matchbook give you like a free $50 or $100 to try them out when they first opened?

Free $100.

[soxwin1917]

If this was a stock I'd buy it. lol Guy makes the right moves, thinks outside of the box, but doesn't rush into things.

My thoughts exactly. Blackie seems to be doing this in exactly the right way.

[rumple]

Who is Blackie, never heard of him.

[ZetaPsi808]

blackie should buy matchbook. imagine what he could turn that site into.

[albo gator]

Let's hope he can have better deposit and withdrawal options than Matchbook. Please make sure you have wire transfers available for US citizens.

[potless]

How's it looking beta testers ?

[BLACKIE]

We are moving from the development environment to the new servers today. Web site should be live next week and if all goes well should be ready for all to give it a test drive by the 15th. I'm gonna turn over all questions to the software guru next week.

[tltaylor89]

Hey Blackie pay me to Beta test the software?

[bookie]

We are moving from the development environment to the new servers today. Web site should be live next week and if all goes well should be ready for all to give it a test drive by the 15th. I'm gonna turn over all questions to the software guru next week.

That's exciting news. Congratulations on getting this developmental work done so quickly. I look forward to checking it out.