Geeks Toy for Matchbook.com general discussion thread.

[Matchbook]

I would be interested to know that is Matchbook planning to cover more soccer games in-play (live betting) in the future atleast all the main league games from biggest leagues? Couple of weeks ago there was PSG vs some Ligue 1 team and that game did not go in play and it was Ligue 1 game wich is really popular league and the main league of France... Also I would like to know that does Matchbook have any plans to increase the number of live betting markets? I mean there aint even correct score market and 5,5 U/O + markets?

Hi Aleh00,

Yes, both are high priorities for us at the moment - more matches, and more markets.

Our strategy is to only offer sports and markets if there is going to be good liquidity available - for this, there are external dependencies, which we are working on.

In terms of putting a date on it, I would expect that within 4 -6 weeks, we will be offering more live football matches.

Thanks,

Mike

[Aleh00]

Hi Aleh00,

Yes, both are high priorities for us at the moment - more matches, and more markets.

Our strategy is to only offer sports and markets if there is going to be good liquidity available - for this, there are external dependencies, which we are working on.

In terms of putting a date on it, I would expect that within 4 -6 weeks, we will be offering more live football matches.

Thanks,

Mike

Good to hear that those issues are noticed. I totally get that Matchbook wont offer markets where there isnt liquidity but I think that in O/U markets and correct score are really important and most likely to have good enough liquidity on the most league games. When the two issues have been taken care of I personally dont see a reason why I should stay at Betfair...

[ForeTwo]

Any plans around changing the tick increments?

I am not sure 3 decimal places encourages liquidity from traders.

e.g 1.119 v 1.122 is basically the same price.

[Matchbook]

Any plans around changing the tick increments?

I am not sure 3 decimal places encourages liquidity from traders.

e.g 1.119 v 1.122 is basically the same price.

Hi ForeTwo,

We have no plans at the moment to change the tick increments. At the extremeties the increments can be tight alright, but in lots of cases it affords more opportunities to trade also.

Thanks,

Mike

[poklius]

Great to see new exchanges springing up, but if you want traders in markets, you really need to make current commission structure more trader friendly. We like to make shit load of bets, and 1% on every bet just doesn't work. If I place 100 back/lay same size bets in same market at evens(for simplicity sake), my net WIN would be 0, and my commission on market would be my whole stake! zero win, loooooots of commission

[Matchbook]

Great to see new exchanges springing up, but if you want traders in markets, you really need to make current commission structure more trader friendly. We like to make shit load of bets, and 1% on every bet just doesn't work. If I place 100 back/lay same size bets in same market at evens(for simplicity sake), my net WIN would be 0, and my commission on market would be my whole stake! zero win, loooooots of commission

Hi poklius,

I have good news for you, and others also.

While we're discussing things internally, we'd like to offer a limited number of users (30 accounts) the following rate on a 2 month trial basis:

- 1% as normal when you accept an existing offer
- 0% on offers you post, which are subsequently matched by another customer

For the trial this will be for live betting only - if you'd like to get your account set to this rate, please e-mail geekstoy @ matchbook.com with your username.

Thanks,

Mike

[ForeTwo]

Fair enough, I will try it out for a while but I think it will probably reflect in a poor fill rate and front running.

@poklius, its a different model. BF's 5% commission is misleading if you pay any premium charge.

[d70ejk]

Any plans around changing the tick increments?

I am not sure 3 decimal places encourages liquidity from traders.

e.g 1.119 v 1.122 is basically the same price.

Have to agree with this. The three dp tick increments has always put me off too.

[poklius]

@poklius, its a different model. BF's 5% commission is misleading if you pay any premium charge.

yep, I understand that. But betfairs model doesn't limit my total bets in one market as is the case with matchbook. Which is sad, coz its lose-lose situation for me and matchbook, I dont make profits, they dont get liquidity.

[geoff]

Hi poklius,

I have good news for you, and others also.

While we're discussing things internally, we'd like to offer a limited number of users (30 accounts) the following rate on a 2 month trial basis:

- 1% as normal when you accept an existing offer
- 0% on offers you post, which are subsequently matched by another customer

For the trial this will be for live betting only - if you'd like to get your account set to this rate, please e-mail geekstoy @ matchbook.com with your username.

Thanks,

Mike

I trade a lot on each market, back and lay a lot of times, 1% commission on each trade would not be feasible and as such although I have an account with yourselves, I have never actually made any trades. I might use it for arbing but don't have the tim for this at present.

I would like to take advantage of this offer and will email you as requested.

How long would the change to the commission structure take?

[parrys]

Hi parrys,

A key part of the reason for Matchbook's growth so far, has been the current commission structure. Granted, there are certain clients, who the rate doesn't suit, but at 1% (or 1.15% in UK) the rate is so low that the vast majority of customers are paying less commission than standard net win rates.

If you had a sample of your own betting history, by bet, we'd be happy to take a look at it and see how the Matchbook commission rates would compare.

Thanks,

Mike

no way is your commission suitable for me.

Here are my figures for the Aus v India 4th test match odds.


Selection Avg Odds Stake(£) Bid type

Australia 2.14 14,444.01 Back
Australia 2.55 28,122.81 Lay
India 13.20 1,792.59 Back
India 17.75 3,627.08 Lay
The Draw 2.07 12,181.99 Back
The Draw 1.75 37,789.71 Lay

my profit before commission was 348.61 pounds(equal green all outcomes) and my commission rate is 4.6% so it cost me 16.04 pounds. How much commission would you have charged ?

1% on every trade makes no sense to me as there's no cost difference between a 2 pound trade and a 1000 pound trade

[ForeTwo]

Can you estimate what % of your orders offered or took a price?

To play devils advocate, what happens when you hit the 40%-60% premium charge barrier or BF decide to increase it to x% or lower the threshold?

Competition is good, whilst MB might not be great for high frequency, ultra low margin scalping there are plenty of strategies that will work and take advantage of 1% comm and no premium charge.

[The Geek]

no way is your commission suitable for me.

Here are my figures for the Aus v India 4th test match odds.


Selection Avg Odds Stake(£) Bid type

Australia 2.14 14,444.01 Back
Australia 2.55 28,122.81 Lay
India 13.20 1,792.59 Back
India 17.75 3,627.08 Lay
The Draw 2.07 12,181.99 Back
The Draw 1.75 37,789.71 Lay

my profit before commission was 348.61 pounds(equal green all outcomes) and my commission rate is 4.6% so it cost me 16.04 pounds. How much commission would you have charged ?

1% on every trade makes no sense to me as there's no cost difference between a 2 pound trade and a 1000 pound trade

Yep think it's fair to say Matchbooks standard commission structure doesn't suit your trading style as I reckon you'd pay about 1k on that lot.

[Gamblor]

Can you estimate what % of your orders offered or took a price?

To play devils advocate, what happens when you hit the 40%-60% premium charge barrier or BF decide to increase it to x% or lower the threshold?

Competition is good, whilst MB might not be great for high frequency, ultra low margin scalping there are plenty of strategies that will work and take advantage of 1% comm and no premium charge.

This cricket match example above is the same as me, I probably do more trades tbh. Whilst you are correct when you hit betfairs PC things are worse the way I trade just would not work on matchbook, its not tick nicking but I am in and out of the market, you have to on something like a T20.

That being said I am all for more competition, the liquidity on betdaq is often terrible and I don't think they have any interest in challenging betfair. I plan on using matchbook more but it will only be for long term markets unless they have a rethink on the comm structure

[d70ejk]

Exactly the same as me. I've thought in the past that the tight tick increments seem like an unnecessary overkill but my trading seems way out of kilter with the above examples in trying to be an alternative to Betfair for me. It seems more a gamblers' exchange than a traders' exchange, unless Matchbook change the commission structure.