Lets talk "betting exchanges"

bigbet1234 · May 31, 2006

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 · May 31, 2006

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 · May 31, 2006

Commissions only apply if you win.

Fishhead · May 31, 2006

patswin said:
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 · May 31, 2006

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 · May 31, 2006

Sugarbear said:
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.

BruceOcean · May 31, 2006

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 · May 31, 2006

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 · May 31, 2006

Iceman said:
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 · May 31, 2006

Fishhead said:
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 · May 31, 2006

Budworth22 said:
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 · May 31, 2006

Sugarbear said:
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.

AlwaysKeen · May 31, 2006

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

Labeeb · May 31, 2006

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 · May 31, 2006

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 · May 31, 2006

Labeeb said:
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 · May 31, 2006

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 · May 31, 2006

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 · May 31, 2006

hoex said:
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 · May 31, 2006

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.

Lets talk "betting exchanges"

Home of the Cincinnati Criminals.

Member

Member

Active member

Member

Active member

New member

Rx Wizard

Back from the Ban

Member

Rx Wizard

Active member

New member

New member

Rx. Senior

Member

New member

New member

New member

New member

Forum statistics

Share this page