1. 01-26-11 07:43 PM #1
    storm70
    storm70's Avatar Become A Pro!
    Join Date: 08-15-08
    Posts: 69
    Betpoints: 12

    Citibet, asia betting exchange?

    hi, anyone hear of Citibet betting exchange???
    Reply With Quote Reply With Quote
  2. 01-27-11 02:15 AM #2
    zebras99
    zebras99's Avatar Become A Pro!
    Join Date: 07-21-10
    Posts: 392
    Betpoints: 0

    not yet.
    Reply With Quote Reply With Quote
  3. 01-27-11 02:26 AM #3
    Ruifgalmeida
    Ruifgalmeida's Avatar Become A Pro!
    Join Date: 04-23-08
    Posts: 2,024
    Betpoints: 5324

    looks like a scam
    Reply With Quote Reply With Quote
  4. 01-27-11 07:26 AM #4
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    Probably a scam. Wait till Citi finds out, someone is is going to get sued
    Reply With Quote Reply With Quote
  5. 01-27-11 08:15 AM #5
    noyb
    noyb's Avatar Become A Pro!
    Join Date: 09-13-05
    Posts: 971
    Betpoints: 6821

    Quote Originally Posted by Waterstpub87 View Post
    Probably a scam. Wait till Citi finds out, someone is is going to get sued
    sued by who for what?

    you don't really think Citibank, a US bank, could sue Citibet, an Asian betting exchange, for trademark infringement right?
    Reply With Quote Reply With Quote
  6. 01-27-11 12:09 PM #6
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    they've been around for a few years already and not hit the headlines
    Reply With Quote Reply With Quote
  7. 01-27-11 07:59 PM #7
    Waterstpub87
    Slan go foill
    Waterstpub87's Avatar Become A Pro!
    Join Date: 09-09-09
    Posts: 4,044
    Betpoints: 7298

    Quote Originally Posted by noyb View Post
    sued by who for what? you don't really think Citibank, a US bank, could sue Citibet, an Asian betting exchange, for trademark infringement right?
    Citi is probably a registered trademark in which ever country that is located. The are a Multi-national company. If I'm wrong I do apologize, but they operate in almost every country on earth.
    Reply With Quote Reply With Quote
  8. 01-27-11 08:07 PM #8
    FourLengthsClear
    King of the Idiots
    FourLengthsClear's Avatar Become A Pro!
    Join Date: 12-29-10
    Posts: 3,808
    Betpoints: 508

    Quote Originally Posted by Waterstpub87 View Post
    Citi is probably a registered trademark in which ever country that is located. The are a Multi-national company. If I'm wrong I do apologize, but they operate in almost every country on earth.
    IIRC Citigroup lost a trademark case in the Philippines (where this exchange is based) that was brought against CitiSec, a stockbroker, five or six years ago.
    Reply With Quote Reply With Quote
  9. 01-28-11 02:26 AM #9
    zebras99
    zebras99's Avatar Become A Pro!
    Join Date: 07-21-10
    Posts: 392
    Betpoints: 0

    Definitely not in "almost every country on earth"
    Reply With Quote Reply With Quote
  10. 01-28-11 03:41 AM #10
    leon
    leon's Avatar Become A Pro!
    Join Date: 10-02-10
    Posts: 319
    Betpoints: 0

    Is there a book calling citibet?
    I never knew it !!
    Reply With Quote Reply With Quote
  11. 07-09-12 02:17 AM #11
    holy grail
    holy grail's Avatar Become A Pro!
    Join Date: 10-19-07
    Posts: 9
    Betpoints: 78

    Hi

    Yes, I have heard of Citibet but don't know how you get an account with them.

    Someone said you have to go through an agent.

    And where are the agents to be found?

    Can anyone please help?

    Thank you
    Reply With Quote Reply With Quote
  12. 07-09-12 06:08 AM #12
    muffins
    muffins's Avatar Become A Pro!
    Join Date: 03-03-12
    Posts: 145
    Betpoints: 0

    By all reports the Asian exchanges are absolutely massive particularly on racing products and yes you use an agent to get in. Some suggestion of manipulation of Australian tote (pari mutuel) pools to profit from lays on Asian exchange of much greater amounts.
    Reply With Quote Reply With Quote
  13. 10-22-14 12:26 AM #13
    davidchong
    davidchong's Avatar Become A Pro!
    Join Date: 02-10-06
    Posts: 1,806
    Betpoints: 697

    who have account at citibet?
    Reply With Quote Reply With Quote
  14. 10-22-14 02:22 AM #14
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by davidchong View Post
    who have account at citibet?
    I do.
    And I use it for HK racing because Betfair isn't allowed to.
    Reply With Quote Reply With Quote
  15. 10-22-14 06:44 AM #15
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    any decent volume??
    Reply With Quote Reply With Quote
  16. 10-22-14 02:37 PM #16
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by jjgold View Post
    any decent volume??
    massive!
    Reply With Quote Reply With Quote
  17. 10-22-14 06:53 PM #17
    HarmersHaven
    HarmersHaven's Avatar Become A Pro!
    Join Date: 06-01-14
    Posts: 14
    Betpoints: 0

    Massive is an understatement I would've thought.
    Reply With Quote Reply With Quote
  18. 10-22-14 07:19 PM #18
    RedDevil1974
    RedDevil1974's Avatar Become A Pro!
    Join Date: 06-01-13
    Posts: 106
    Betpoints: 318

    Who or how did you get your account with them.

    Let us all know in case we want in on this massive action.

    Especially as you are ALWAYS moaning you cant get on your aus horses etc anywhere./

    Either that or you are a bullshitter.

    Cheers in advance.
    Reply With Quote Reply With Quote
  19. 10-22-14 07:29 PM #19
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by RedDevil1974 View Post
    Who or how did you get your account with them.

    Let us all know in case we want in on this massive action.

    Especially as you are ALWAYS moaning you cant get on your aus horses etc anywhere./

    Either that or you are a bullshitter.

    Cheers in advance.
    Contact Mark Read
    Reply With Quote Reply With Quote
  20. 10-22-14 07:39 PM #20
    thespeculator
    thespeculator's Avatar Become A Pro!
    Join Date: 09-09-08
    Posts: 2,999
    Betpoints: 13168

    Quote Originally Posted by Hareeba! View Post
    massive!
    Greater than betfair? Is the in play horse betting like betfair
    Reply With Quote Reply With Quote
  21. 10-22-14 07:41 PM #21
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by thespeculator View Post
    Greater than betfair? Is the in play horse betting like betfair
    Very different to Betfair.
    You get paid the tote dividend but bid for it at discounts between 12% and 24% and can bet in running until the horses are in well into the home straight.
    Points Awarded:

    Optional gave Hareeba! 3 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  22. 10-22-14 09:04 PM #22
    HarmersHaven
    HarmersHaven's Avatar Become A Pro!
    Join Date: 06-01-14
    Posts: 14
    Betpoints: 0

    Quote Originally Posted by Hareeba! View Post
    Very different to Betfair.
    You get paid the tote dividend but bid for it at discounts between 12% and 24% and can bet in running until the horses are in well into the home straight.
    The above is a touch misleading.

    The dividend (tote) and ticket rebates ring true for pre-race betting.

    In-Running, you pay $6 for a $5 ticket and get paid at tote odds, betting closes with approx. 400m to go.
    Points Awarded:

    Optional gave HarmersHaven 3 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  23. 10-23-14 06:54 AM #23
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    I never even heard of this book you'll learn something new every day it as a SBR

    Let's get more info from Hareeba
    Reply With Quote Reply With Quote
  24. 10-23-14 01:47 PM #24
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by jjgold View Post
    I never even heard of this book you'll learn something new every day it as a SBR

    Let's get more info from Hareeba
    What would you like to know?
    I suspect HarmersHaven is probably more into the working details than I.
    I only bet pre-race, not in running as it seems he does.
    Reply With Quote Reply With Quote
  25. 10-23-14 04:05 PM #25
    faststeady
    faststeady's Avatar Become A Pro!
    Join Date: 07-28-08
    Posts: 196
    Betpoints: 7820

    i am also an agent and daily bettor at citibet and happy to answer any questions

    a few from here have accounts with citi.

    theres much more liquidity than betfair. and as harmers said in-running is quite big. if you're a layer and know your sectionals, it can be a good place to be as they bet heavy on the on pace/leaders in running.
    Last edited by faststeady; 10-23-14 at 11:16 PM.
    Reply With Quote Reply With Quote
  26. 10-24-14 04:43 AM #26
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Quote Originally Posted by faststeady View Post
    i am also an agent and daily bettor at citibet and happy to answer any questions

    a few from here have accounts with citi.

    theres much more liquidity than betfair. and as harmers said in-running is quite big. if you're a layer and know your sectionals, it can be a good place to be as they bet heavy on the on pace/leaders in running.
    what type of sports have solid action??
    Who is their main base of players?
    Reply With Quote Reply With Quote
  27. 10-24-14 05:04 AM #27
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by jjgold View Post
    what type of sports have solid action??
    Who is their main base of players?
    It's only horse racing from all over the world.
    Reply With Quote Reply With Quote
  28. 10-24-14 05:43 AM #28
    faststeady
    faststeady's Avatar Become A Pro!
    Join Date: 07-28-08
    Posts: 196
    Betpoints: 7820

    as hareeba said its only racing - horses, harness and dogs

    from an aust racing perspective i would say 50% plus are asians that can bet discreet, you can tell this cause liquidity gets better after yum cha.

    theres quite a few that trade. you have a static payout so theres alot that like to buy their bets say at 82 and sell them at 90 (basic arbing..asian style)

    theres probably also a number that cant bet at any corporates and the liquidity is much better than Betfair with less tax.

    and there are layers that get better value laying against the tote than you can on BF.

    the asian racing has unlimited liquidity , you could quite easily get 6 figures down on any given race.
    Last edited by faststeady; 10-24-14 at 05:49 AM.
    Reply With Quote Reply With Quote
  29. 10-24-14 08:13 AM #29
    thespeculator
    thespeculator's Avatar Become A Pro!
    Join Date: 09-09-08
    Posts: 2,999
    Betpoints: 13168

    [QUOTE=faststeady;22841483]i am also an agent and daily bettor at citibet and happy to answer any questions

    a few from here have accounts with citi.

    theres much more liquidity than betfair. and as harmers said in-running is quite big. if you're a layer and know your sectionals, it can be a good place to be as they bet heavy on the on pace/leaders in running.[/QUOT. I am a horse player who likes to lay, the problem at betfair is the limited deposit methods for Canadians, would u as an agent accept something like bit. Or moneyb
    Reply With Quote Reply With Quote
  30. 10-24-14 10:48 AM #30
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,803
    Betpoints: 9204

    @Faststeady, thanks for the useful info. I think you probably already know this from the tone of your posts. But please don't get involved with drumming up business through the forum. Just don't answer if people PM asking for contact info.
    Reply With Quote Reply With Quote
  31. 10-24-14 02:51 PM #31
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by Optional View Post
    @Faststeady, thanks for the useful info. I think you probably already know this from the tone of your posts. But please don't get involved with drumming up business through the forum. Just don't answer if people PM asking for contact info.
    It's not too hard to find agents with Google. Just make sure you do your due diligence.
    Points Awarded:

    Optional gave Hareeba! 5 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  32. 10-25-14 05:21 AM #32
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    which race meets do they offer??

    Countries?
    Reply With Quote Reply With Quote
  33. 10-25-14 10:33 AM #33
    davidchong
    davidchong's Avatar Become A Pro!
    Join Date: 02-10-06
    Posts: 1,806
    Betpoints: 697

    i need an account there....
    Reply With Quote Reply With Quote
  34. 10-25-14 03:57 PM #34
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,279
    Betpoints: 20525

    Quote Originally Posted by jjgold View Post
    which race meets do they offer??

    Countries?
    where would you like to bet?

    currently I see racing listed for:
    Singapore
    Malaysia
    Hong Kong
    Japan
    Australia
    USA
    Canada
    New Zealand
    Italy
    Switzerland
    France
    South Africa
    Mauritius ......
    Reply With Quote Reply With Quote
  35. 10-26-14 06:49 AM #35
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Which tracks in the USA are available and how was liquidity on them?
    Reply With Quote Reply With Quote
12 Last
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »