I hope you guys know how to convert Matchbook lines...

Doug · Sep 23, 2009

to real lines, when accepting offers !
Take a dead pick game, and 1% commission, win or lose ( NFL).

dead pick being -101/ +100

There is say 10K + offered each way already, so you dont want to offer, you're in accept mode.

-101 is not 101 to win 100, on the fav.

it is 102 to win 99, or -103

the dog is not 100 to win 100

it is 101 to win 99, or -102

so it's really -103/-102.....unless your offers are getting accepted, then much better.

Of course 5 cent lines are awesome !

Now enter CRIS, if they go beyond 10 cent lines....then you might as well play at 5Dimes or Phoenix, or Vegasvic , or Trojan, etc.

CRIS will get greedy with this, and probably succeed, sadly !

I don't know exactly what they plan to charge,yet.

SportSavant · Sep 23, 2009

what is the actual formula

Doug · Sep 23, 2009

well -101 is not 101 to win 100

It is 102 to win 99

102 divided by 99 gives you -103.03

think of the line being 2 cents worse than displayed ( accepting an offer) near a pick.

That's close enough !

Doug · Sep 23, 2009

This original post was directed to the upcoming CRIS exchange.

MB is really 5 cent lines ( accepting offers).

This 2 cent difference is why money piles up at lines like -101/ +100, and there is 10k on each side available....nobody wants to accept !

There is a difference between getting +101. something, or laying -103.03

basically paying the commission, or getting some of it refunded.

SportSavant · Sep 23, 2009

Doug, when you copy and paste something from another forum there is an a/A button in the top right hand corner of the post.

This option will toggle you between enhanced and basic editor.

When copying and pasting from somewhere else if you switch to basic editor mode, the "formatting" such as pictures and othher HTML will disappear. You will be left with the important part which is simply the text.

SportSavant · Sep 23, 2009

This is what the button looks like.

letsgohoosiers · Sep 23, 2009

Just make offers. You get a rebate.

Doug · Sep 23, 2009

I don't know how to to that, but will give it an attempt. I do know youse guys don't like links, but the topic is good.

Many don't know accepting -101 is laying -103.03, I guess even you didn't know that ?

Forget the decimal places.

Accepting is 2 cents worse than what you see, if anywhere close to a pick.

I aim to teach some guys something here.

Doug · Sep 23, 2009

letsgohoosiers said:
Just make offers. You get a rebate.

What if there is 10k+ on both sides already, and a one cent spread ?

I tend to accept then. I just want you guys to know what you are accepting, it is two cents worse !

SportSavant · Sep 23, 2009

Many don't know accepting -101 is laying -103.03, I guess even you didn't know that ?

its a great topic, just trying to show u a posting tip.

yes I was aware that -101 wasnt -101 when you factor in the commission, its not rocket science frankly.

one easy way to figure it out is to lay -101 to win 100 and then view your account history to see how much commission you were charged, this will give you the amount you are actually winning while laying -101.

ive been out of match for a while but I have to get back there.

SportSavant · Sep 23, 2009

I do know youse guys don't like links, but the topic is good.

just an FYI, its not only the links, HTML takes up way more space than just text... probably 100 times more....

also the post can get real messy looking sometimes when copying and pasting an article with pictures or a bunch of other HTML formatting.

Another way to get rid of all the formatting is to post in quick reply, of course, this does not work when starting a new thread, in these cases you have to use the a/A button.

lefty68 · Sep 23, 2009

is this the website CRIS is going to have the exchange on? betmaker Should be interesting to see if they can compete with matchbook

Doug · Sep 23, 2009

SportSavant said:
its a great topic, just trying to show u a posting tip.

yes I was aware that -101 wasnt -101 when you factor in the commission, its not rocket science frankly.

one easy way to figure it out is to lay -101 to win 100 and then view your account history to see how much commission you were charged, this will give you the amount you are actually laying.

ive been out of match for a while but I have to get back there.

Only would work once the bet is already graded though !

My simple two cent "rule" is sufficient until lines get far away from a pick.

For larger favs

-333 is not 333 to win 100

it is 334 to win 99.... divide 334 by 99, add a "-" sign, that's the real line, no calculator in front of me, now.

-1100 is

1101 divided by 99

etc.

-110 at MB is basically the same thing as -112 at a normal book, w/o getting anal about decimal places !

This is accepting made offers.

Doug · Sep 23, 2009

lefty68 said:
is this the website CRIS is going to have the exchange on? betmaker Should be interesting to see if they can compete with matchbook

They propose charging like 4% to winners, much higher than MB, like double,

It is , however not even worth analyzing it, until they launch it, IMO.

That was the site, Lefty, SS already removed the link.

D2bets · Sep 23, 2009

lefty68 said:
is this the website CRIS is going to have the exchange on? betmaker Should be interesting to see if they can compete with matchbook

Wow, I hope not. I have an accounting background and I can't figure out that commission structure. Market rate. Discount rate. Decay rate. Are they serious? We're a bunch of degenerates, not mathematicians.

Doug · Sep 23, 2009

D2bets said:
Wow, I hope not. I have an accounting background and I can't figure out that commission structure. Market rate. Discount rate. Decay rate. Are they serious? We're a bunch of degenerates, not mathematicians.

Yep guys can't figure out MB ( simple, really) !

I read that shit, like WTF !

I need Ganchrow to tell me the real line !

Overly complicated ain't good. :laugh:

Doug · Sep 24, 2009

Say a guy has 3 books and MB and CRIS exchanges, and he isn't Ganchrow, he's more like BTJ.

He should be able to quickly figure out which line is best, and bet that line.

CRIS will turn people off with their complicated BS.

BillyWaltersJr+ · Sep 24, 2009

Bet Maker will have much more money bet on any given game than Matchbook, that much is a certainty.

gynecologist · Sep 24, 2009

Intrinzik said:
Bet Maker will have much more money bet on any given game than Matchbook, that much is a certainty.

What makes you think that???

Doug · Sep 24, 2009

depends on how greedy CRIS is about it, I think they will be Pigs about it, yet succeed ( somewhat), with like the equivelant of -108....unless they charge $300 to transfer from their book to their exchange ?