2/28/2011 6:15:36 PM by vanzack
They are obviously seeding the market.
Look at todays English Premier League game. On most days, this would have like 50 bucks on each side. 15 cent spreads with some nice amounts sitting out there.
Stoke City v West Bromwich Albion Feb 28 3:00 pm
Stoke
back-113$1,721
23 lay+102$1,812
West Brom
[URL="http://javascript:;"][/URL]back+370$1,080
23 lay-440$4,726
DRAW (STC/WBROM)
[URL="http://javascript:;"][/URL]back+236$1,361
23 lay-272$3,362
Discussion: [URL="http://forum.sbrforum.com/players-talk/962946-matchbook-leaving-us.html"]A Response To Matchbook leaving the US[/URL]
2/28/2011 6:05:37 PM by vanzack
That is too much of a blanket statement to be accurate.
Banks look for anomolies in activity. If this guy has a instant deposit of 500 per week, pays his electric bill and cable bill, and hasnt written a check for more than 1k in several years he has established a pattern of activity. If all of a sudden he gets a 5 figure icoming international wire, it MIGHT draw attenttion - you cant rule it out. Is it likely? Who knows.
What are the reprocussions? Not much, the bank can ask you to leave (has happened to me several times) but there are lots of banks out there willing to take your business. You could have a suspicious activity report (SAR) filed against you, but that would result in very little - you have done nothing illegal and as far as I know - nobody has ever had money confiscated under the UIGEA.
So there isnt much risk, but to say the bank doenst care is taking it a little bit too far. The bank MIGHT care, but all in all, the risks are very small.
Discussion: [URL="http://forum.sbrforum.com/players-talk/962946-matchbook-leaving-us.html"]A Response To Matchbook leaving the US[/URL]
2/9/2011 1:51:14 AM by vanzack
Im pretty sure their business model went something like this....
Provide service to Americans who cant bet at pinnacle. Pass through all bets to pinnacle, take no risks on wagers. Make 2% commission on all winning wagers through GP (which is partners / owned by PM). The more volume, the more commission.
If the above is correct (and I would lay 10-1 it is), in theory they should be skimming 2% with no risk. Well, I guess their only risk is cashflow if they cant get paid by pinny quickly enough, but really, no risk.
It all makes perfect sense when you assume PM is one and the same as GP. It is actually an insult to anyones intelligence to try and make us believe otherwise. But all of that said, it still looks pretty risk free to me and if run right, would just be a pass-through tollbooth keeping 2% along the way.....
Thoughts?
Discussion: [URL="http://forum.sbrforum.com/sportsbooks-amp-industry/932669-getting-response-parlaymakers.html"]A Response To Getting response from Parlaymakers[/URL]
1/14/2011 11:16:57 PM by vanzack
I dont think that is right - the part about them potentially not making money on a given market.
If I bet the Rangers at -137, somebody bet the Mariners at +137. Lets say that was for 1k. Now if I end up betting the Mariners at +139 for 1k, somebody else has bet the Rangers at -137.
**So we end up with (under old commission structure):
Me: owing 2 % on about 10 bucks.
Person A or Person B: owes 2% on their 1k bet, person A if Rangers win, person B if Mariners win.
**Under current commission structure, it would look like:
Me: Owed by MB .2% of about 2370 (43 cents)
Person A: 1% of 1k (10 bucks)
Person B: 1% of 1k (10 bucks)
**End result is 19.57 under current structure, and 20.20 under old structure in commission for MB.
Am I missing something?
I just cant see how the exponential growth in liquidity that they would see by switching back would be outweighed by any negatives. But maybe I am missing something.
Discussion: [URL="http://forum.sbrforum.com/sportsbooks-amp-industry/891243-don-t-let-matchbook-die.html"]A Response To Don't Let Matchbook Die![/URL]
1/14/2011 10:56:55 PM by vanzack
Add to this that MB never updated their software to report to you if a matched wager was offered or accepted - in other words - if you have a bunch of wagers - you have no idea (unless you keep track yourself) if you are paying commission or not. Other little things like not being able to offer more than your balance, and just when your balance is accepted, cancel any outstanding offers would greatly increase liquidity. As far as the commission structure - I cant tell you how much the change to the new structure affected the way...
vanzack's Handicapper Network
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