Honest Joe betting exchange
Ultimately all business require a lot of investment just to get started, you are going to make hefty losses initially, especially in a competitive environment. So taking a hit on fees to get started is probably the first step to get the ball rolling.
If you guys are interested, I did a podcast detailing some of the business considerations behind starting a betting exchange.
I wouldn't think about exchanges being in a ditch. The innovation the industry is missing is a sportsbook interface on top of an exchange. Exchange interfaces are too esoteric for Saturday punters.
Also, if it's interesting to anybody, I'm happy to discuss the business/tech side of operating an exchange anytime.
I wouldn't think about exchanges being in a ditch. The innovation the industry is missing is a sportsbook interface on top of an exchange. Exchange interfaces are too esoteric for Saturday punters.
Also, if it's interesting to anybody, I'm happy to discuss the business/tech side of operating an exchange anytime.
Thought I better capture it before it goes. No overround on the site. The guy who laid £25 at 14 must have paid at least £8 in deposit fees and he's probably wondering why!
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Just looking right now at one market.
It seems the Chelmsford City 19.06.2019 18:40 has at 20 minutes out
Got £75 matched. Now £100 matched 10 minutes out. Now £115 matched 8 minutes out. £125 matched 7 mins out.
£176 matched 3 mins out.
Laith is 5.2 / 5.6 (£50 Back Liquidity) (£100 lay liquidity) 5.0 / 5.1 on other exchages
And noticed some small matched amounts and other activity on the Ascot races.
So to be fair it is not stone cold.
They just need to either increase the commission to 2%+ and remove all fees.
Or waive all fees for the first month and build up interest and take a big financial hit.
Otherwise, what's the point!?
However, it is possible that either this site or another exchange.
Could offer what would be a ''True Exchange'' and not follow Betfair like following Sheep.
I have seen better prices offered on Honest Joe than on the Exchanges.
So their could be something in that the Prices are set according to the Punter rather than following what
any Sports Book is offering.
It seems the Chelmsford City 19.06.2019 18:40 has at 20 minutes out
Got £75 matched. Now £100 matched 10 minutes out. Now £115 matched 8 minutes out. £125 matched 7 mins out.
£176 matched 3 mins out.
Laith is 5.2 / 5.6 (£50 Back Liquidity) (£100 lay liquidity) 5.0 / 5.1 on other exchages
And noticed some small matched amounts and other activity on the Ascot races.
So to be fair it is not stone cold.
They just need to either increase the commission to 2%+ and remove all fees.
Or waive all fees for the first month and build up interest and take a big financial hit.
Otherwise, what's the point!?
However, it is possible that either this site or another exchange.
Could offer what would be a ''True Exchange'' and not follow Betfair like following Sheep.
I have seen better prices offered on Honest Joe than on the Exchanges.
So their could be something in that the Prices are set according to the Punter rather than following what
any Sports Book is offering.
One free deposit and withdrawal a week would have been enough for me to invest.
It's a bit daft having England and Scotland under different headings when they fall under the same jurisdiction!
And what about Newcastle - do they think it's a separate country?
It's a bit daft having England and Scotland under different headings when they fall under the same jurisdiction!
And what about Newcastle - do they think it's a separate country?
- johnsheppard
- Posts: 284
- Joined: Mon Feb 04, 2019 6:00 am
- Location: Cairns Australia
On freelancing sites like upwork, etc....every now and then one sees job posts like "Build me a betting exchange like betfair" with a budget of $500 ... perhaps a hard working Indian guy managed to pull through and make one...
It's a strange thing that people are THAT optimistic...or inexperienced or what not...but I suppose there's one way to get experience..
It's a strange thing that people are THAT optimistic...or inexperienced or what not...but I suppose there's one way to get experience..
could possibly be white label https://swissbet.com/betting-exchange-software/
Build me a betting exchange for $500 , loljohnsheppard wrote: ↑Thu Jun 20, 2019 1:26 amOn freelancing sites like upwork, etc....every now and then one sees job posts like "Build me a betting exchange like betfair" with a budget of $500 ... perhaps a hard working Indian guy managed to pull through and make one...
Don't know why you're surprised. Enough people have posted on hear asking for a bot/strategy to generate £1K a month from £100.Archangel wrote: ↑Thu Jun 20, 2019 8:21 pmBuild me a betting exchange for $500 , loljohnsheppard wrote: ↑Thu Jun 20, 2019 1:26 amOn freelancing sites like upwork, etc....every now and then one sees job posts like "Build me a betting exchange like betfair" with a budget of $500 ... perhaps a hard working Indian guy managed to pull through and make one...
Those type of requests clog up my inbox more than anything else, the one I always remember practically word for word was when someone 'Told' me to give them a bot but made it crystal clear it had to make at least £100 per day and that I wasn't to waste their time sending one that made anything less.Derek27 wrote: ↑Thu Jun 20, 2019 8:45 pmDon't know why you're surprised. Enough people have posted on hear asking for a bot/strategy to generate £1K a month from £100.Archangel wrote: ↑Thu Jun 20, 2019 8:21 pmBuild me a betting exchange for $500 , loljohnsheppard wrote: ↑Thu Jun 20, 2019 1:26 amOn freelancing sites like upwork, etc....every now and then one sees job posts like "Build me a betting exchange like betfair" with a budget of $500 ... perhaps a hard working Indian guy managed to pull through and make one...