Matchbook

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mojahed79
Posts: 4
Joined: Sun Aug 19, 2012 4:24 pm

Fri Feb 15, 2013 3:12 pm

Matchbook very good exchange site

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Shamrock
Posts: 184
Joined: Thu Sep 30, 2010 11:41 am
Location: Perth Wester Australia

Sun Feb 17, 2013 12:06 pm

What is it like in play? Smarkets are useless and now we have no more Daq.

aperson
Posts: 108
Joined: Thu Feb 07, 2013 5:23 pm

Thu Jul 27, 2017 4:44 pm

Matchbook is down at the moment. I've not looked at it in a long time but received an email the other day saying they have increased liquidity 125% since royal ascot. No idea how they have worked that out or whether it is misleading but I had another look at them yesterday....

It's still a bit shit overall but the seems to be someone throwing around some quite big sums. There seems to regularly be orders of a few thousands backing various horses, even relative outsider's (20/1 etc). Haven't quite work out yet whether there's some good arbs thrown up by this or just some plain value but could be worth a look.

spreadbetting
Posts: 889
Joined: Sun Jan 31, 2010 8:06 pm

Thu Jul 27, 2017 4:55 pm

Last time I looked it charged commission on every bet not the overall p&l so bit useless for traders. Smarkets is a waste of time and just seem to keep API access for their market makers and have banned a few traders who seem to beat their market makers.

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Euler
Posts: 14562
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
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Thu Jul 27, 2017 6:43 pm

Credit where it is due I see they are sponsoring at Goodwood again. Sort of novel to see an exchange promoted at a big meeting.

aperson
Posts: 108
Joined: Thu Feb 07, 2013 5:23 pm

Thu Jul 27, 2017 8:04 pm

I understand their commission structure doesn't really work for traders, I was more talking about possible arb opportunity's. Obviously closing accounts etc isn't good although there website states "Matchbook is a peer-to-peer betting exchange designed for smart bettors who want more value. Offering deep liquidity and low commissions, Matchbook returns maximum value to bettors and promises to never limit or restrict winning accounts," so maybe they have changed their attitude.

The opportunities I saw were clearly just an individual trying to get some money on and not a market maker so I doubt you would have a problem taking them on. They stood out like a sore thumb, 5k sitting there in a market that has probably only traded a few times that in total. As far as I can make out though there are some fairly aggressive, (low margin), bots that seem to take this on even if BF is only a couple of ticks different so not really sure there's much in it. Still I may keep a funded account and half an eye on it incase some more obvious Opportunities arise, Goodwood perhaps.

I remember thinking when they sponsored the meeting last year that it was a show of intent, but they don't really seem to have followed through. Seems like they've blown the marketing budget on that one high profile meeting.

spreadbetting
Posts: 889
Joined: Sun Jan 31, 2010 8:06 pm

Thu Jul 27, 2017 8:11 pm

I was talking about smarkets banning people , there's a thread on here somewhere where they basically will bend over backwards to protect their market makers.

Matchbook looks fine for arbing etcc but the commission structure isn't really viable for trading

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