#11
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Re: Another nice promo for small bettors
No, it is an exchange like TradeSports. You trade against other bettors and Matchbook just takes a commission. Matchbook will put up a "contract" for a particular game (Indy -13.5 for example) and people will put up buy and sell bids on each contract. When you want to put in a wager you can either accept the best price available or you can make your own and hope someone else takes it. Or you can be your own sportsbook if you want. It works out for both sides because we get no juice (almost) and Matchbook doesnt have to deal with the swings that a Sportsbooks experiences.
Another good thing about Matchbook is that once they put up a contract, I dont think they can take it down. So if you are late jumping on a favorite and the line moves against you, you can usually still pick up the old line at a good price on Matchbook. I managed to pick up Indy -13 (instead of 13.5) for +103 right before game time yesterday. Didn't wind up needing the half point but it never hurts. |
#12
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Re: Another nice promo for small bettors
Thanks for all the tips, gents. I'm not all hot on the bonus stuff. I'm a bargain-seeking, trader type at heart...when you see those "crazy" market-making prices appear on Tradesports on NFL during the week, that's usually me. [img]/images/graemlins/smile.gif[/img] I will probably fill the same niche on matchbook.
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#13
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Re: Another nice promo for small bettors
I am a small time bonus whore, so I'll thank you too.
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#14
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Re: Another nice promo for small bettors
[ QUOTE ]
when you see those "crazy" market-making prices appear on Tradesports on NFL during the week, that's usually me. [/ QUOTE ] LOL. You'll probably really like Matchbook then also. Except they dont have the half price fees that Tradesports offers for market makers. But I haven't actually done any calculations to see which site is the better deal in terms of fees. |
#15
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Re: Another nice promo for small bettors
[ QUOTE ]
[ QUOTE ] when you see those "crazy" market-making prices appear on Tradesports on NFL during the week, that's usually me. [/ QUOTE ] LOL. You'll probably really like Matchbook then also. Except they dont have the half price fees that Tradesports offers for market makers. But I haven't actually done any calculations to see which site is the better deal in terms of fees. [/ QUOTE ] Over the LR, Tradesports is the best I know of as long as you're willing to take their 0.5 pointspreads. |
#16
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Re: Another nice promo for small bettors
[ QUOTE ]
I am a small time bonus whore, so I'll thank you too. [/ QUOTE ] The thought of needing to wager $1,500 to earn a $50 bonus at sh*tty lines and possible withdrawal fees galore makes me take bonus-less exchanges any day. The $50 matchbook deal is a nice benefit to be sure though. |
#17
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Re: Another nice promo for small bettors
[ QUOTE ]
It appears to me that there are a lot of traders, although I don't know for sure. One way I measure that is the quality of the lines, and at least for baseball they're always top notch (often the best line in the market on both sides, and usually no more than 3-4 cents apart--sometimes even one cent apart). Even football lines are often less than 5 cents apart, which tells me that there is tons of competition out there between wagerers. The only thing I don't like about Matchbook is that they don't offer a ton of props, and the long term futures are not heavily bet. But for standard betting of moneylines, spreads, and totals, it's everything a basic bettor needs. [/ QUOTE ] From what I've seen so far, it looks like the vast majority of cheap lines offered have been put up by matchbook themselves, not by participants (6 cents appears to be the spread norm for near +100 wager prices). NFL trading on Tradesports tends to be a little slower earlier in the week also but then again the bid-ask disparities are larger over there, necessitating the need for market-makers. |
#18
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Re: Another nice promo for small bettors
Just signed up, thanks for the info.
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#19
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Re: Another nice promo for small bettors
Just signed up. They put the $50 in automatically now.
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