the comm structure enables them to not have to charge pc to winning clients.

the greater amount of tick sizes is better because u dont get done by the cross matcher.

matchbook is the future of exchange betting.

In fairness Bet - daq's commission structure also allows them not to have to charge a premium charge.  They charge 3% on winning bets and nothing on losing bets. Maybe Betfair could try something radical like that?

I spoke to matchbook yesterday and they said they would remain open to uk customers.
Guess we'll find out soon enough

JML, Have you spoken with matchbook with regards to how they operate different commission scenarios to meet their customers needs, clearly not by what you have posted. Equally matchbook hold all clients funds in a separate bank account, ring fenced from working capital, this is part of the t&cs for operating in Alderney, so clearly not a sporting options.

I have very good relationship with betfair as i do with matchbook, and like most, find that they are both appealing in their own right, to which i have previously posted

whats the reason for matchbook staying away from horse racing btw?

It's especially disappointing that they've just quietly abandoned a lot of the innovation they trialled in the world cup. They ran a lot of markets in play for the first time, and all the ones I watched generated substantial interest. But it's not been continued at all, even in big PL games.

It should be such a no-brainer win-win for them coach. More commission, plus all kinds of esoteric betting the bookies can't offer because they can't price it up accurately.

That's the thing BF persistently refuse to "get". Exchange betting lets you offer all kinds of stuff the bookies can't, because you can leave the risk to third parties. So you can pitch your offer on variety of experience/options.

Live hattrick betting in the Brazil-Germany semi was an object lesson. Huge interest, prices all over the place.

pulio--the problem matchroom face is that they'll have much higher %
of shrewd customers than other bookmakers,and they can't limit
these customers if they are to have any credibility as an exchange.

And if,as I suspect,they provide nearly all the liquidity themselves,
they would get hammered if they offered competetive prices on horse racing.

Until they get the customers to offer the prices,they are limited to very slow
moving markets,and that is not going to happen with the current commission structure.

At the moment matchroom are basically a bookmaker that offers very competitive prices.

Commissions Explained
Matchbook Commission Structure

Matchbook charges a small, 1% commission on each bet you place.

This commission rate will be applied to the Win amount (profit) on winning bets. For losing bets, it will be applied to the lesser of the stake or potential profit/liability amount.

Unfortunately JML is right about this - it's a huge turn off. If you are trading large volumes they do offer bespoke rates but having the structure above in place for smaller users shows the players they want to attract - those who will enter a market 2/3 times at most. This isn't the USP of a betting exchange and is surely restrictive for their growth.

At the moment they also have no 3rd party software for retail players as API is only available to those who create their own applications. Implementing a partnership with Bet Angel, Geeks Toy and the like would help a great deal.

I hope things change as I'd really like to see them do well.

forgive my stupid.................how do u charge comm on a losing bet?

You guys put down the best current offering, competition, that has existed since betfair began, yes, they do not have the technology, but certainly the liquidity and low commission rates, which appeals to people who pay premium charge.

PTTT-With the exception of them offering deals to selective customers,
I believe my comments about Matchbook have been accurate and fair.

I even mentioned that they offer very competitive prices.


This is a post I recently saw on another forum----

I've just set up with them through the link.

Takes a bit of time to suss out. 6k showing as available but limited to £19.79, so had to repeat bet until I got my stake on.

Unless there is a change of business strategy at Betfair, all that will be left in 5 years is a small Sportsbook which will limp along for a few years before being bought out Blue Square style by a large Bookmaker. Betduck has totally failed to make any impression due to a lack of innovation.

Big gap in the market to be filled and only a matter of time before another innovative peer to peer gambling business appears which will be even more successful than the original Betfair.

Its a niche market now that virtually country has ring fenced its own liquidity and taxes. No growth was left in the exchange as the small players first attracted to it have got bored and left.

I think its a great concept but it was ruined by traders and fast picture players who took recreational punters' money too quickly.

The premium charge has killed it for position gamblers and arbers. Now the lost of foreign punters and the closure of pinnacle, sbobet etc mean the liquidity from East Asia is going. If India goes that will be the nail in the coffin for cricket.

viva el presidente! 20 Sep 14 20:03 Joined: 10 Jun 06 | Topic/replies: 17,765 | Blogger: viva el presidente!'s blog
[...]

Live hattrick betting in the Brazil-Germany semi was an object lesson. Huge interest, prices all over the place.

----
There probably will be live hattrick betting soon

yep, investor - player HT markets gone live in big games, but not HT market. Also To Score market gone live.

not ideal, but definitely progress.

Stu, I think there's an opportunity there to stretch what services the exchange can do. It would be great if, on big matches, you could go onto a live chatroom, trade with the people there, and have the details posted up in the room itself. You could see exactly whose bets you were on the other side of, and the personal rivalry would make for some great battles.

All that could be done as an addition to the Betfair pools - with any sums traded in the chatroom being added to the total pool in the relevant market.   It obviously wouldn't replace operating on the exchange more generally, but as an extra means of swelling the pot, I think it could be an entertaining and rather addictive way of betting.

I know it is shocking the decline and minimal betting options on such a huge sport,
harness racing is also at an all time low,
basically you can not rely on betfair for harness racing betting-you must have other
accounts/options or you can be badly exposed.
Tab fixed odds are often offering better prices and much easier to place a bet.
Not for serious punters these areas on betfair.

US horse racing tote(and that is bad)often pays more than betfair SP.
Exchange will not last much longer.