Question for those who use Matchbook

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For those who use matchbook:

Do most of you make offers or accept offers?

What percentage would you say you do of either?

I am trying to see if what I think is true, that most dont make offers. I have a feeling that most wait until there is an offer up there to accept, and dont necessarily ever make offers. This is based upon my observations of how the money gets matched there. I could be totally wrong.

Just curious as to how people strategize.

Thanks.

:toast:
 

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Nobody?

If I had to characterize myself it would be by dollars:

40% my offers
60% accepted offers
 

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I'd say 80% make offers and 20% accept offers.

The only times I usually accept an offer is if there is a ton of money on the price that I want, so that trying to get a better price would take too long to fill or not fill at all.
 

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I'd say 80% make offers and 20% accept offers.

The only times I usually accept an offer is if there is a ton of money on the price that I want, so that trying to get a better price would take too long to fill or not fill at all.

Thanks.

Your assumption is the opposite of mine. I think that people mostly accept offers, and would venture to guess that some exclusively only accept offers.

I could definitely be wrong about that, but having a better grasp on it might lead to better pricing of bets.

:toast:
 

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My first month or so there I only accepted. Once I was confident in making offers, that is what I primarily do. I'd say I accept offers about 20% of the time.
 

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I dont currently use Matchbook, but when the Mansion exchange was going pretty good, I made about 80% offers vs 20% accepts. But, my impression at Mansion was the same as yours Vanzack, that the majority of people were accepting offers and not posting offers.
 

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Thanks.

Your assumption is the opposite of mine. I think that people mostly accept offers, and would venture to guess that some exclusively only accept offers.

I could definitely be wrong about that, but having a better grasp on it might lead to better pricing of bets.

:toast:

sorry I worded my post wrong I didn't mean to imply that 80% make offers and 20% accept. WhatI meant was that I personally make offers 80% and accept 20%.

To go into more detail, if I see a game that I like at +145/-148 and I like the +145 side. If there is like $100-300 on the -148 side, I will make an offer at +147 figuring that the $100-300 will get eaten up fairly quickly and my offer will also get matched. On the other hand, if the -148 side has like $10,000 on it, I would probably just take the +145.
 

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...if I see a game that I like at +145/-148 and I like the +145 side. If there is like $100-300 on the -148 side, I will make an offer at +147 figuring that the $100-300 will get eaten up fairly quickly and my offer will also get matched. On the other hand, if the -148 side has like $10,000 on it, I would probably just take the +145.

I do just the opposite. If there is over $3,000 at -148 with a tight spread I can guarantee my -147 offer will be gone when I look back in a few minutes. If there is $100/$200 at -148 I might go for offering -149/-150.

Much of the time I'm shopping anyway and find MB has the best line and I take it, so my offers are maybe 10% of action.
 

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I'd say about 50/50. Obviously, when there is a one cent difference between lines (-114m +115), there's no reason not to just accept the offer.

I try to offer when I can though, especially when the gap is 4 cents or larger between the 'main ($1000+ liquidity) spreads'.
 

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