Could someone please explain Matchbook again

Iceman · Jun 27, 2006

it's 2% added on your wager win or lose? Basically add 2 cents to the price? Is this about right?

Fishhead · Jun 27, 2006

Yes, BASICALLY 2 cents added to the price of your wager.

2% COMMISSION is applied to all winning wagers.

Very simple

Iceman · Jun 27, 2006

Fishhead said:
Yes, BASICALLY 2 cents added to the price of your wager.

2% COMMISSION on all winning wagers.

Very simple

okay so it's winning only. Thanks (have had an account there for over a month with about $300 in there and still haven't made a play)

Doug · Jun 27, 2006

multiply payoff by .98 to get real payoff, compare that amount to payoff elsewhere, take higher payoff.

Fishhead · Jun 27, 2006

My TOP/FAV book for the past 6 months hands down.

Doug · Jun 27, 2006

Amsterdam said:
and any player that wins 50% effectively pays 1% vig.

I'd say 1% commission. The vig is still there, you won't find a game that's +100 on both sides.

bulldog77 · Jun 27, 2006

OK, now the tougher question. Are they safe and who areeir financial backers? Do they pay quickly? I looked at their and they are very vague as to who pays payout and deposit transfer fees. I'm not somebody who moves money around alot but expect at least one free payou per month as others due. Do they have this? Anybody that can illuminate this would be appreciated.

Fishhead · Jun 27, 2006

bulldog77 said:
OK, now the tougher question. Are they safe and who areeir financial backers? Do they pay quickly? I looked at their and they are very vague as to who pays payout and deposit transfer fees. I'm not somebody who moves money around alot but expect at least one free payou per month as others due. Do they have this? Anybody that can illuminate this would be appreciated.

Backed by WSEX and as safe as any offshore outfit in the business.

FREE unlimited Neteller withdrawls.

SHACK · Jun 27, 2006

First 2 weeks commission free. Nice book. Just started there recently. 2% fees on net winnings. So if you win 10k on the Broncos and hedge some and lose 5k on the opposite side, net win 5k. You pay 2% on the 5k net win amount. I like that.

Doug · Jun 27, 2006

Chuck approved ! :103631605

Doug · Jun 27, 2006

Amsterdam said:
vig or commission, in the case of exchanges it's the same thing -- it's the book's cut.

maybe you're referring to how the the prices being offered tend to follow near to regular books lines..?

However anyone likes to look at it this book (and exchanges in general) have some of (if not usually, or nearly always) the best prices out there.

The books cut is the commission with Matchbook, the vig is different.

If Miami plays Dallas, and I offer it at -104, and you take it and win:

$100 becomes $96.15, you sort of lost vig to me, not MB

then MB takes 2% of $96.15, leaving you $94.23. MB didn't get the whole $5.77 missing from your payoff.

Woody0 · Jun 27, 2006

SHACK said:
First 2 weeks commission free. Nice book. Just started there recently. 2% fees on net winnings. So if you win 10k on the Broncos and hedge some and lose 5k on the opposite side, net win 5k. You pay 2% on the 5k net win amount. I like that.

Hope they put all the different spreads into a single market by football time. That was suggested and made sense since line movement should not mean a new market.

MedGator · Jun 27, 2006

I have a tradesports account and was wondering what the advantages are to matchook and if it is worth getting an account.....cheaper commissions? more liquidity?

Doug · Jun 27, 2006

SHACK said:
First 2 weeks commission free. Nice book. Just started there recently. 2% fees on net winnings. So if you win 10k on the Broncos and hedge some and lose 5k on the opposite side, net win 5k. You pay 2% on the 5k net win amount. I like that.

Would this work ? You have a dead pick baseball game ( -104 Pinny), you offer $1,000 on both sides at -102, and it's all taken. You win $1020 on one side, lose $1,000 on the other side for a net win of $20. So you only pay 40 cents to MB and your money is freed up as soon as your offers are taken ( before game starts) so you can do it again ? You would in effect pay almost nothing... 40 cents on the 1k winner.

SHACK · Jun 28, 2006

Woody0 said:
Hope they put all the different spreads into a single market by football time. That was suggested and made sense since line movement should not mean a new market.

I generally bet the ML so I would think I would be ok on it. But I see your point on spreads, that would be great if they would do that, but I wouldn't expect as much.

SHACK · Jun 28, 2006

Doug said:
Would this work ? You have a dead pick baseball game ( -104 Pinny), you offer $1,000 on both sides at -102, and it's all taken. You win $1020 on one side, lose $1,000 on the other side for a net win of $20. So you only pay 40 cents to MB and your money is freed up as soon as your offers are taken ( before game starts) so you can do it again ? You would in effect pay almost nothing... 40 cents on the 1k winner.

That is the way I interpret it Doug. I haven't been there long enough to say it for sure. If you call them and ask them this question or shoot them an email I think you will get the correct answer. Let us know if you do.

Doug · Jun 28, 2006

I think that works, too. That's what Matchbook has over Mansion ( the net commission). The danger in my proposal is not getting equal action, you'd be stuck babysitting the lines trying for $20. I'm not going to do it, but it is an interesting idea.

Could someone please explain Matchbook again

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