General Betting
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18 Aug 11
14:10
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Date Joined:
28 May 11
We’d like to introduce you to PURPLE 1Bet, our new betting site for members that prefer a traditional bookmaker betting experience.
The new site is accessible through the 1Bet tab on the website.
The main features of 1Bet include:
• A familiar bookmaker format – one set of back odds displayed;
• No commission payable – the odds you see are the odds you get;
• Great odds – the odds are derived from the exchange so the offers will always be competitive against the bookmakers.
Members can place bets in the exchange or 1Bet, or both as they prefer.
We hope you like this new feature from PURPLE and if you have any feedback then please let us know.
And keep an eye out for the PURPLE 1Bet mobile app which is coming soon.
Yours sincerely,
The PURPLE Customer Services Team
The first step to killing the exchange model? Bad move I think, weakening purple's toehold in the betting exchange market.
The new site is accessible through the 1Bet tab on the website.
The main features of 1Bet include:
• A familiar bookmaker format – one set of back odds displayed;
• No commission payable – the odds you see are the odds you get;
• Great odds – the odds are derived from the exchange so the offers will always be competitive against the bookmakers.
Members can place bets in the exchange or 1Bet, or both as they prefer.
We hope you like this new feature from PURPLE and if you have any feedback then please let us know.
And keep an eye out for the PURPLE 1Bet mobile app which is coming soon.
Yours sincerely,
The PURPLE Customer Services Team
The first step to killing the exchange model? Bad move I think, weakening purple's toehold in the betting exchange market.
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Replies: 11
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Just needs a lay side now TheInvestor and it's paradise time. (with the queue hidden)
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exchange are both very stoopid sometimes, they forget most important thing is keep simples - most peoples are very stoopid and just want a simple bets on their choices.
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Are purple taking the bets themselves or is it matched on the exchange with commission taken into account with the prices displayed being slightly worse.
It looks like Betfair without Market depth and B+L ticked, just that they've taken the commission as an average value in advance. |
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Exchanges' problem is that they find it hard to attract the liquidity on the lay side to match recreational price-takers on the back side.
Anything an exchange does (in its core sports product) has to be understood in terms of getting this money in place w/out risk to itself. |
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Taking the bets themselves with an obscene margin.
Had a look at prices earlier. Purple: Hearts 6.2, Spurs 1.62 Purple bookie Bet1: Hearts 5.5 Spurs 1.57 on bookie So a 5% comm payer would be better off betting on the exchange. |
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Interesting then.
Wherever they're taking their prices from (I'm sure they'll say their exchange if asked), they need to be confident that there's enough liquidity to make them accurate-ish. |
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it's for the donkey who don't understand back and lay...
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Betfair already has that though nairda, without seeding themselves (yet)
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That's one example. At least there are no 2 quid bots irritating punters, and I'm sure one will look about to see where the best value is.
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* for the investor.
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yes...and didn't **** as well....1bet was there months ago,they just now given it a new name and green background
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