View Full Version : do people make alot of mistakes on sports exchanges?
Iceman
01-12-2006, 01:38 PM
Stll very new to whole exchange concept and haven't signed up but looking at some of the offers, wouldn't be better for the player making the offer to go on to say pinnacle and get a better price. I don't understand some of these offers if the line is better at other books. Am i missing something, is other people seeing these same "mistakes"? I know in a perfect exhange both the offer and the person accepting should get better juice but sometimes it seems like it don't work that way, why?
Fishhead
01-12-2006, 01:42 PM
Remember, a lot of the odds are those generated by MATCHBOOK themselves!!
On the subject of mistakes there.....
that is precisely way it is a good idea to check in there as often as possible, as you will find individuals placing BARGAIN odds.
:103631605
Santo
01-12-2006, 01:48 PM
Fishhead: From my conversations with Matchbook, they are adamant they don't place their own offers on the board.
They may be offers of Market Makers who are running computerised macros to arb odds between Matchbook, books and other exchanges.
Fishhead
01-12-2006, 01:50 PM
Fishhead: From my conversations with Matchbook, they are adamant they don't place their own offers on the board.
They may be offers of Market Makers who are running computerised macros to arb odds between Matchbook, books and other exchanges.
Ok, I can buy that.
But it is by one group......very obvious if you follow them closely.
Iceman
01-12-2006, 01:53 PM
When you say baragain odds are you saying they made a mistake? If no mistake are the odds you are seeing still better for the person making the offer than any book has (win-win for everyone) or do you think they don't know better. I know my examples aren't the general rule of thumb on what is going on there, just seems like something I have seen and can't quite figure out why they (person making offer) just wouldn't take better #(esp. better juice) at another book.
When the line moves there can be stale offers left on the exchanges that are bargains.
Iceman
01-12-2006, 01:55 PM
After re-reading your answer I guesss they are mistakes.
Iceman
01-12-2006, 01:56 PM
When the line moves there can be stale offers left on the exchanges that are bargains. Can the person that makes the offer pull off his offer, if it is still available?
Iceman
01-12-2006, 02:01 PM
Doug,
that makes alot of sense, just goes to show how I don't know much about these things but what have learned seems like exchanges can be great for everyone.
One more question I asked the other day. Will exchanges boot/limit you for scalping/winning, seems to me they wouldn't
SportSavant
01-12-2006, 02:04 PM
Fishhead: From my conversations with Matchbook, they are adamant they don't place their own offers on the board.
They may be offers of Market Makers who are running computerised macros to arb odds between Matchbook, books and other exchanges.
Matchbook has agreements with Market Makers.... they probably are getting a deal of 0% commission to set the market....
Can the person that makes the offer pull off his offer, if it is still available?
Yes, at least with Mansion, but the guy making the offer may not be able to do it in time.
ensign_lee
01-12-2006, 02:24 PM
Can the person that makes the offer pull off his offer, if it is still available?
Always.
Will exchanges boot/limit you for scalping/winning, seems to me they wouldn't
How can there still be questions like this? It seems like people understand what an exchange is, and then booom. Something similar pops up. Will a bank boot you up if you deposit more money into your savings account?
Amsterdam
01-12-2006, 03:37 PM
That exchanges don't boot winners and scalpers is probably their greatest strength. Never having your limits cut and always feeling confident getting the best number you can without reprisal is powerful stuff.
Matchbook and Mansion are have must exchanges for the American bettor, IMHO. Tradesports too, but their way of making wagers is rather unintutive (I've read the instructions and gone through the tuturials at least twice and still don't adequately understand it). Betbug is an interesting peer-to-peer exchange-type software, but maybe somebody likes it, not me.
Europe has a much more developed exchange scene with Betfair, BetDaq, and BetDaq.co.uk. Betfair and Betdaq don't take American action, but BetDaq.co.uk -may- (I didn't read anything saying the don't take American money on the site). Another European exchange, BackandLay, may or may not take American action.
fookin eejit
01-12-2006, 03:42 PM
Some of the biggest mistakes i've seen on exchanges are by bots. On one occasion a bot suddenly took a strong opinion on a NY Knicks game and laid them for over $300,000 on the spread, ouch!!
Earlier this year i got $4k on NY Jets +4.5 against NO Saints. I was very happy with the 21-19 result as I had bought back on Saints +2 and scored a middle.
Despite these incidents alot of exchanges are now very tight and any slight value doesn't last for long.
SportSavant
01-12-2006, 03:46 PM
Tradesports too, but their way of making wagers is rather unintutive (I've read the instructions and gone through the tuturials at least twice and still don't adequately understand it). Betbug is an interesting peer-to-peer exchange-type software, but maybe somebody likes it, not me.
In relation to TRADESPORTS, they have a sister site that is designed for North American Bettors which is called TRADEBETX.
That one is more conducive & easy to understand...
Woody0
01-12-2006, 04:12 PM
When the line moves there can be stale offers left on the exchanges that are bargains.
I look but never seem to find them. :sad3:
Biggest mistake I ever took advantage of on an exchance was on an NCAA hoops game spread. It was a month ago, and at Matchbook, and I grabbed it when I saw it. I can only assume someone typed something in wrong...
Boise State +8.5 +780
It won too! Free money just for paying attention.
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