Matchbook - not that it's any of my business but . . .

**magnavox** · 08-11-08, 02:26 PM

It is kinda annoying, although I never had more than $250 tied up there.

Would you rather pay $900 for withdrawals?

**bubba** · 08-11-08, 02:32 PM

can you explain what this is

does that mean you can have 900$ worth of withdrawls without being charged? if so then it is basically useless. i dont use matchbook but prob will come football season.

**rm18** · 08-11-08, 02:35 PM

no it is credits for commission on winners, mudcat lost 15k without winning a bet i guess

**WileOut** · 08-11-08, 02:37 PM

$900 in commission credit?!?!?!

Commission credit is just that. When you win at matchbook they take either a 1% commission (only for baseball) or a 2% commission (all other sports) out of your winnings. When you deposit they charge you a processing fee but give it all back in commission credit. So if you have $900 in commission credit and win a $500 bet in baseball, you usually would have to pay $5 in commission. Instead they take the $5 out of your commission credits and you get to keep the whole $500 you won. If it was football they would have taken $10 out for winnings of $490. But you have $900 in commission credit so they would take it out of commission credit and you would have $890 left in commission credit, and get to keep the whole $500 bet you won.

LOL it is going to take you a very long time to use up all that commission credit. Years probably depending on how much you bet.

**ico2525** · 08-11-08, 02:54 PM

Damn that's a lot. You'd have to win $90,000 in baseball or $180,000 in other sports (or some combination of both) to use up all those credits.

**magnavox** · 08-11-08, 03:05 PM

Originally posted by ico2525

Damn that's a lot. You'd have to win $90,000 in baseball or $180,000 in other sports (or some combination of both) to use up all those credits.

Re-do your math.

**WileOut** · 08-11-08, 03:16 PM

Originally posted by magnavox

Re-do your math.

He'd have to win $90,000 in baseball or $45,000 in any other sport.

**rm18** · 08-11-08, 03:18 PM

Originally posted by WileOut

He's actually right. 1% of $90,000 is $900 and 2% of $180,000 is $900.

90,000 baseball, 45,000 others sports or combination

**rake922** · 08-11-08, 03:19 PM

He'd have to win 90k in baseball and 45k in other sports to get his balance down to 0.00 ....

**Santo** · 08-11-08, 03:37 PM

The CC system is better than straight fees, I just deduct the cost of the fees then account the comission back in.

**cobra_king** · 08-11-08, 04:41 PM

Mud i think you will be ok. As you know balances run hot and cold at certain books when you are in the business you are in. At some point your Matchbook balance will be high enough that it will eat thru your credits fairly quickly.

**Mudcat** · 08-11-08, 04:57 PM

Originally posted by magnavox

Would you rather pay $900 for withdrawals?

No. I'd rather have free withdrawals and no commission credits.

And a full body massage from Maria Menounos.

Originally posted by rm18

no it is credits for commission on winners, mudcat lost 15k without winning a bet i guess

Maybe I'm not understanding things but I thought this accumulation came from deposits. Like if I deposited 30K right now, I'd have another $1000+ in these (mis-named) commission credits regardless of how my bets have been going.

Isn't that right?

I mean, true, there is an obvious link between losing and needing to deposit but your conclusion there does not add up as directly as you're stating it I don't think.

Basically I just want them to give me all the credits back due to my being such a great guy. I want them to say, "Oh yeah Mudcat. We'll give him special treatment. Mudcat? Sure."

I'm kind of joking but it would be nice if some consideration could be given to the tons of action I have placed there that didn't go towards any commission credits. It would be nice if that had been saved up and I could use it now.

Anyway, no big deal. It has just been catching my eye more and more lately.

**magnavox** · 08-11-08, 05:06 PM

Originally posted by Mudcat

I'm kind of joking but it would be nice if some consideration could be given to the tons of action I have placed there that didn't go towards any commission credits.

Well, actually it did. To the bettor on the other side. Matchbook also paid for his/her deposits.

**WileOut** · 08-11-08, 05:22 PM

Mudcat it works like this. When you deposit, matchbook charges a processing fee. This fee is usually small, maybe $50 per $2000 or so. They dont just keep the fee though. They "give it back" to you through commission credits. So you would send in $2000, your balance available would show $1950 and commission credits would show $50.

As you win and commission is charged on your winnings, your commission credits will be taken away. Once you have worked your commission credits down to $0 you have effectively deposited your money for free. From that point on you have to pay commission on all your wins.

**durito** · 08-11-08, 05:24 PM

I'm quite sure he understands how it works.

----

How are you depositing?

I don't usually end up with hardly any credits as I send bank wires and the only thing they credit is the $30 fee.

**magnavox** · 08-11-08, 05:35 PM

Originally posted by WileOut

From that point on you have to pay commission on all your wins.

That is always the case.

**MrX** · 08-11-08, 05:41 PM

Originally posted by durito

How are you depositing?

I'm guessing he's doing a lot of moneybookers transfers.

**rake922** · 08-11-08, 06:23 PM

Just for the record.... I made a deposit on 6/11/08 of 1000 USD via moneygram to Matchbook.

32 dollars went towards com credits. So I had 968 dollars to play with.

But also consider the 9.95 counter fee I had to make while at the moneygram cashier

Just for reference, If i took that 1000 and put it in via moneygram to 5dimes, 5dimes would have credited my account to 1009.95

**rake922** · 08-11-08, 06:29 PM

This whole thread comes off as concerning to me because Mudcat clearly is gambling with huge money, yet doesn't fully understand what matchbook is doing.

The bottom line is when you deposit to matchbook, the fees won't automatically be free. The money you spent on fees gets used to pay the commission matchbook charges on winning wagers.

Mudcat, If you win more bets than you lose, eventually the 900 bucks will get dissolved because it will go toward the commissions

**MrX** · 08-12-08, 12:46 AM

Originally posted by rake922

This whole thread comes off as concerning to me because Mudcat clearly is gambling with huge money, yet doesn't fully understand what matchbook is doing.

Mudcat understands. He's a smart cat.

**rake922** · 08-12-08, 07:39 AM

Originally posted by MrX

Mudcat understands. He's a smart cat.

the whole thread is a joke/prank then?

**rm18** · 08-12-08, 07:42 AM

no he just wants his $900 cash, and i think he has the point that the system is kind of silly

**Mudcat** · 08-12-08, 09:49 AM

Yes everything is fine. I'm okay. Thank you MrX.

I do my Matchbook deposits via Moneybookers.

I'm not worried and not even really complaining. I ranked Matchbook my #1 book in the ongoing sportsbook poll, above Pinnacle. I know it's an exchange but I did it anyway dammit. It's that good.

The only thing that could prevent me from getting those credits back is death and I'm having none of that.

It is my own doing that this thread went off on tangents but at the start, I was genuinely curious what kind of commission credits other players have tied up after a long summer of baseball. I hope everyone is aware of the spectacular deals on baseball at Matchbook. It's so good, I almost feel like I'm cheating by playing there.

But I wondered if people were experiencing a parallel effect with the commission credits. I thought maybe I would find some kindred spirits and we could cry on each other's shoulders and, through the power of mutual support, heal our spirits if not our Matchbook balances.

No one wants to say. No problem. Just being nosey.

**AgainstAllOdds** · 08-12-08, 09:59 AM

Originally posted by Mudcat

The only thing that could prevent me from getting those credits back is death and I'm having none of that.

Classic...

**fiveteamer** · 08-12-08, 10:15 AM

I think he just wanted to tell everybody how much he was gambling.

**durito** · 08-12-08, 11:00 AM

The fact is that most of you would have this problem if you could still use Neteller, but you can't. Thus, mudcat didn't get too many useful responses.

**rake922** · 08-12-08, 11:23 AM

Why should we have any commission credits at all?

If we only made 2 or 3 medium sized deposits in the past 12 months, then most would be at 0.00

If we continue to constantly make deposit after deposit, then yea commission credits would rack up

**Mudcat** · 08-13-08, 08:53 AM

It looks like you have the situation sussed out perfectly rake.

Durito has captured the key point. I get caught up in my little world and assume there would be all kinds of other people in the same boat - like in the days before Neteller left the U.S. and all the boats were jam-packed. But everything is fractured these days.

The good news: my cc's are down from ~$900 to ~$750. That feeling of not being in Kansas any more is slowly fading.

**chemist** · 08-14-08, 05:22 PM

Deposit to WSEX, roll once, then transfer to MB. No fees.

**Mudcat** · 10-15-08, 09:17 AM

I realize no one is sitting on the edge of their seat waiting for an update on this but my commission credits are currently sitting at ~$640.

It is a teeth pulling experience. It feels like they will never get re-absorbed.

I'm not sure what conclusions to draw. Maybe a good test to conduct would be "the Matchbook lean" for baseball.

i.e. - I have been playing mainly baseball for 6 months and the reason I keep having to deposit and getting more "credits" must be because I keep losing on Matchbook's great baseball lines.

I wonder how a test would go where, whenever Matchbook has a line clearly off the consensus, straight bet the best available line on the other side for a few hundred samples. Particularly late season since thats when the effect has been most noticable.

I'll have to remember to set that up next season. Item #1218 on my back burner.

**fiveteamer** · 10-15-08, 09:53 AM

I think I'll play hockey at matchbook this year. I need to reup, though.

f'kin Wake.

**LMAOFISH** · 10-16-08, 03:18 AM

I actually refuse to move some of my business from pinnacle for this exact reason. Call me stubborn, but all my friends who arb and use matchbook have 500-1000+$ of these credits piled up. When you're arbing, you're simply going to lose the majority of your bets in Pin/MB, and in the case of MB, the credits will pile up and be fairly useless.

**Sforz** · 10-16-08, 08:20 AM

mud, if your continuously moving fund in your matchbook account to another book because of arbing, and racking up all those com's from deposits, why not do book to book transfers in the future? Do you think the books would not look upon that kindly because they'd know what you're up to?

**Mark Shark** · 10-16-08, 10:42 PM

Originally posted by LMAOFISH

I actually refuse to move some of my business from pinnacle for this exact reason. Call me stubborn, but all my friends who arb and use matchbook have 500-1000+$ of these credits piled up. When you're arbing, you're simply going to lose the majority of your bets in Pin/MB, and in the case of MB, the credits will pile up and be fairly useless.

I have been arbing for years and have zero $$$ in Comm Credits at Matchbook. Reason being is every now and then you need to lay off with Pinnacle as you can't get bet matched at right odds. Hence you win the bet with Matchbook more often than not and it chews up a large amount of Credits. Also the more you withdraw and deposit again then you line yourself up to pile up the Credits in your account.