Lets talk "betting exchanges"

[bigbet1234]

What are the pro's and con's of using an exchange?

I have been looking at matchbook. And what I can gather is, there are certain $$ amonts available at each price.

Anyone here find 5-6c scalps daily? I see also matchbook has a 2% commission. Does this only apply if you win the wager?

Any info on exchanges would be great.

Thanks

BB

[patswin]

Mansion and Matchbook are the 2 I use. Matchbook charges 2.9% commission which you have to figure into the pricing structure. I don't believe Mansion charges any commission now if you accept offers. If you make an offer and its accepted there is a 1% commission charge. 2 must have books along with Pinnacle for bases. Only 3 books I use now

[patswin]

Commissions only apply if you win.

[Fishhead]

Mansion and Matchbook are the 2 I use. Matchbook charges 2.9% commission which you have to figure into the pricing structure. I don't believe Mansion charges any commission now if you accept offers. If you make an offer and its accepted there is a 1% commission charge. 2 must have books along with Pinnacle for bases. Only 3 books I use now

MATCHBOOK only charges a flat 2.0%.......not 2.9%.

This only applies on ones WINNING wagers too.

[Sugarbear]

I think there great. As the exchange/sportsbook model starts to take over the industry it will be almost impossible to lose for the even half dedicated player. (Assumes a few outs) With so many euro side fish who have yet to be exposed and gutted....On the other hand I wonder how much it will really catch on stateside as most players here want to know they have a bet when they make it. Nor wait for an offer they like or for someone to take theres.
In any event I believe if done right it will be hard not make money. They will make a lot more but what do you care.

[Fishhead]

I think there great. As the exchange/sportsbook model starts to take over the industry it will be almost impossible to lose for the even half dedicated player. (Assumes a few outs) With so many euro side fish who have yet to be exposed and gutted....On the other hand I wonder how much it will really catch on stateside as most players here want to know they have a bet when they make it. Nor wait for an offer they like or for someone to take theres.
In any event I believe if done right it will be hard not make money. They will make a lot more but what do you care.


Believe that time has allready came for hundreds and hundreds of players.

[Bruce Ocean]

Its all about $$$ management..Any good manager will tell you if you are in a win win position you must take whats yours off the table..These books are built in hedge palaces..With the market growing I guess people like this option..

[Iceman]

just started at Mansion in mid-April and would say they are now my FAVORITE out. Anyone that says that most books have the same number don't have an account at exchange. They are around 3 cents better than every book and if you are patient and screen watch all day you can find some unbeleiveable value. But it is work an discipline.

It all adds up and It can only help your bottom line. I 100% beleieve these are the books of the future

[Budworth22]

just started at Mansion in mid-April and would say they are now my FAVORITE out. Anyone that says that most books have the same number don't have an account at exchange. They are around 3 cents better than every book and if you are patient and screen watch all day you can find some unbeleiveable value. But it is work an discipline.

It all adds up and It can only help your bottom line. I 100% beleieve these are the books of the future

Ice, what # of your wagers (% of total $$, and % of number of wagers) are made at the Big P and OHEV?

[Sugarbear]

Believe that time has allready came for hundreds and hundreds of players.

The hundreds that were out front with this about 1.5 years ago are certainly. The thousands like me just now catching up feel like there on the ground floor still. With aggressive international expansion on the dockett plenty of room is left on the wagon. It could be a few years before it really catches up to the mainstream. They wont know what hit them.

[Iceman]

Ice, what # of your wagers (% of total $$, and % of number of wagers) are made at the Big P and OHEV? like I said I am very new to it. Baseball si the 1st sport i have used it with. It looks like 33% of my wagers are from there. I am not sure how this will be after baseball

[Fishhead]

The hundreds that were out front with this about 1.5 years ago are certainly. The thousands like me just now catching up feel like there on the ground floor still. With aggressive international expansion on the dockett plenty of room is left on the wagon. It could be a few years before it really catches up to the mainstream. They wont know what hit them.


:103631605 :103631605

[pags11]

pro's are reduced juice and I can't think of any cons...

[Labeeb]

How is the liquidity of these markets? In looking at Mansion right now there's only $240 available on DET at -240 and 533 on MIA at +232. Is this common so close to gametime? Will bigger markets become available as you get closer to tip? Do you have to sit and wait for enough market to open in order to get down what you want to get down?

[winbet]

With so many euro side fish who have yet to be exposed and gutted....

I'd change my attitude if I were you. If your not on top of your game, you will be the one exposed and gutted.:103631605

[Sugarbear]

How is the liquidity of these markets? In looking at Mansion right now there's only $240 available on DET at -240 and 533 on MIA at +232. Is this common so close to gametime? Will bigger markets become available as you get closer to tip? Do you have to sit and wait for enough market to open in order to get down what you want to get down?

Excellent Question. Anyone know I was wondering too.

[hoex]

Exchanges have way more action than that. I'm looking at Matchbook now and they have +103 Miami +5.5 for $28K and -104 Detroit -5.5 for $5k.

[jeckll]

I play almost 75% of my MLB wagers on Mansion and Matchbook. Opened my Mansion account at the beginning of the MLB season and Matchbook only about 2 weeks ago. Today, for instance, was the first day in quite some time that I found the best lines for several games at 5Dimes.

A lot of people ignore the 2% commission at Matchbook which can easily be calculated into the line to find a no-commission equivalent.

The one thing I miss about exchanges is no parlays or teasers (although I play them quite rarely) as well as minimal prop and quarter/half bets (although Matchbook usually has halves).

RE: Liquidity I am no big-time bettor but can count on one hand the # of times I have not been able to clear the $$ amount I am trying to bet at both Mansion and Matchbook. When it shows small amounts like $500 for a side or a ML, it is because they are only showing the offer at the very best odds. At Mansion you simply click on the odds and it will drop down to show all odds available, and it is nearly the same procedure at Matchbook.

IE for tomorrow's NBA game, Mansion shows only $94 worth of offers for DAL -311 but $11,785 for DAL -315.

[Labeeb]

Exchanges have way more action than that. I'm looking at Matchbook now and they have +103 Miami +5.5 for $28K and -104 Detroit -5.5 for $5k.

Right, maybe at 8:03 PM EST, but only 2 hours earlier both shops had virtually no money liquid. I don't want to have to wait until an hour before tip in order to get down. Is this a common occurance where you have to wait until real money becomes available?

[jeckll]

As I mentioned above Labeeb you are only looking at the best odds. You can force the exchanges to show you all odds to see the liquidity at worse odds.

Take the last MLB game on the slate for tonight, MIN/LAA

At Mansion, only $642 at MIN +100 but $784 at MIN -101 and $38k+ on MIN -102

At Matchbook, $5k+ on MIN +103 (effectively +101)...and that's the best line you're gonna find anywhere on that game.

[Woody0]

In looking at Mansion right now there's only $240 available on DET at -240 and 533 on MIA at +232

Did you really check by clicking on the -240 or +232 to see what was available? I would be most surprised if 10-30K was not there at a worse line.

Is this a common occurance where you have to wait until real money becomes available?

No.

[Labeeb]

Now I see how to force Mansion to show the other prices. I expected it to be similiar to their spread/total offerings where you can hit the "+" button. I now see that you can click the price offered to see what else is out there.

Thanks for the help CK and Woody.

[patswin]

Sometimes the liquidity does get low but once Mansion "seeds" their exchange liquidity is usually good