MATCHBOOK - TUTORIAL
In accordance with Matchbook will be running a thirteen part series on how to improve your betting experience. Before we start, we should mention our credentials in that we have decades of experience in the sports-betting industry. Our activities at the time of going to press include operating our own private betting fund. We also supply data and sourced information to a leading European betting operator, and two Asian betting syndicates. Our experience comes from bookmaking backgrounds. We have mathematical based degrees and we are specialists in Sports modeling.
The subjects we will cover over the coming weeks will appeal to those aspiring to make it as professional gamblers, and those looking to learn from experience through informative tutorials. Our ultimate aim is to guide Matchbook users into getting the most out of their cutting edge platform, whilst setting the foundation for future success. Take into consideration that Matchbook are a leading betting exchange, and unlike with bookmakers they are happy if you win. What you see is what you get and what you win is yours and not subject to any additional charges !
We have decided on this tutorial, because both we and Matchbook believe many punters don't understand how to get the most out of the Matchbook exchange. Our very first topic will be how to identify the value within the platform. We will also have sections on how to negotiate your bet, how to lay and reverse your bet for maximizing value, understanding the Asian handicap, different bet types, market liquidity, money management, advantages of a flat rate commission, speculate through position taking, understanding probability and much much more!
For people that don't have a Matchbook account, we would recommend that you open one. Afterall, learning by doing is the best way to gain experience. We will aim to post two topics a week, and post the whole summary at the end. Don't miss out on this valuable advice, since you will benefit in the long term!
IDENTIFYING VALUE - PART ONE
The plan with this thirteen step tutorial ''How to get the most out of Matchbook'', is to progress from a basic to advanced level. With that in mind, we thought it best to start off with some simple tips and tricks for obtaining the best odds within the platform. Whilst the more knowledgeable exchange user will find this obvious, we shall start by leveling the playing field!
Start off by asking yourself this - What's the difference between backing Team A to win in the Match odds market(1X2), or taking Team A -0.5 in the Asian handicap market ? - The answer is their is no difference, the bet is exactly the same. So you might be asking yourself why do the odds often vary in different parts of the platform.
The answer could be a number of reasons, but the most obvious being that markets on Matchbook are dynamic. Afterall, the prices on offer are reliant on a peer or robot making a bet offer (back), and that person might only ''lay'' that bet in one section. An example using saturdays match between Stoke vs Chelsea…..
At the time of writing, Chelsea are being offered at 2.10 in the match odds market, but 2.11 in the Asian handicap betting. That example shows that by being observant you can obtain better odds, and it's your duty to take advantage of any such discrepancy. Afterall, value is everything for the serious punter, and it's the reason you are betting with Matchbook.
Whilst we will be covering the ''back and lay'' markets in more depth later, we need to touch on some basics for this example.
Imagine you are seeing the following offer in a two way market, such as Totals (under/over) . A (over) Back 1.90 Lay 2.10 . B (under) Back 2.10 Lay 1.90. And you want to bet A (over). What do you do ? - Bet A at 1.90, or lay B at 2.10 ?
The answer is you lay B, because the flip of 2.10 is 1.91, and not the 1.90 you are being offered in the bet market. To get a better grip on this you will need to understand basic probability, which we will cover in more detail later. For now look at this probability calculation here is 100/2.1 (odds) = 47.62% . 100-47.62 = 52.38% (flip). Therefore 100/52.38 = 1.91 (odds). All we have done is convert back!
Obtaining value in betting is a big part of the battle, and that's the reason why professionals use the Matchbook betting exchange. Users will get the very best odds available, great liquidity and you can even negotiate your own bets. If you are hoping to make a success out of gambling, you need a Matchbook account.
NEGOTIATING YOUR BETS - PART TWO
The majority of Matchbook exchange users will understand what a great value service their platform offers. Afterall, the end user is obtaining the very best odds on a wide range of sports without having to shop around. It's also notable that you are allowed to win without having your account closed or limited, and their are no hidden costs involved. The only thing Matchbook charge is 1% (1.15% UK) betting commission for this great service. With everything considered, it's easy to understand why betting professionals and serious punters are turning to Matchbook as a source income!
However, we have noticed that not everyone understands the betting exchange concept, or the number of possibilities available to the customer. In fact, a lot of people will look at the odds on offer, and think that's the extent of Matchbook's scope. That is clearly not true, and it's one of the reasons why we have decided to put together this thirteen part tutorial. Today we want to cover negotiating your bets, since professional betting is all about gaining the edge!
Lets assume that you have a bit of time on your hands, and you willing to monitor the Matchbook site. Why accept the odds on offer, when you may be able to negotiate a better price?. And, it couldn't be more simple, since all you have to do is ''ask for a price''.
To do that you need to click the ''blue box'', and change the odds to the price you are hoping to receive. Add how much you wish to bet (stake), and click submit. If another Matchbook customer is willing to ''lay'' you the higher price, then your bet will be matched at the higher odds.
It goes without saying that you will need to be realistic, and by that we mean asking for a few pips more. You should also be warned that their is also the possibility that only part of your bet (stake) will be matched, or like in any negotiation you could miss out all together. Afterall, the original price could shorten, and you might be left with ''no action''.
In a best of two situation you could also offer to ''lay'' the opponent, since it's effectively the same bet. Imagine a scenario where the back odds are A 1.98 and B 1.98, and you require odds of 2.00 on proposition A. You have two options to obtain those odds - Either make a request for someone to lay you 2.00 on A , or you offer to ''lay'' B at the same price (2.00).
In the next part of our 13 part tutorial, we will show you how ''lay'' a bet. This means you will be taking the role of Bookmaker!!
For those of you finding this too simplistic, we will start cranking it up a bit later in the Tutorial. On another note, we will come back and touch on areas we have already covered. For those of you wishing to get deeper into the maths, we will start covering that after this tutorial is complete!
LAY BETTING - PART THREE
In part three our subject is ''lay betting'', since it's something that's totally unique to a betting exchange. Whilst most people are more interested in making the standard bet , that's the good news for people wanting to stand on the other side of the counter!
Did you know that on the Matchbook betting exchange you can actually lay a bet?. In fact, the Matchbook betting platform allows customers to both back and lay, so you have the best of both worlds. By becoming the ''layer'', the customer is actually taking the role of the traditional bookmaker, since they become the seller rather than buyer.
Ask yourself this, how often have you looked at the odds of a football match and thought one team was under-priced?, for most of us that would be often. Here's the good news, Matchbook allows you to become the layer if you so desire. That means you can get behind your opinion by taking bets that a team won't win, and now for the explanation of how.
Their are two ways you can go about ''laying a bet''. The first is to accept someones request by clicking the ''lay button'', then enter the stake and liability you are willing to accept. The second alternative is to make a bet offer of your own. To do that you need to click the same box, and add the odds you are wanting to lay. You will also need to add the stake you are willing to accept, and check your liability is correct.
With the first option your ''lay bet'' should have been accepted straight away, although you will need to check that the whole amount (stake) was matched. In that regard, you can clearly see your liability in ''history'' or by looking at the match market. If you decide to try the second option and lay your own odds, you will need to check to see if your bet was matched. Again, the emphasis is on you to check whether the whole or part of the sum was matched. For example, you might have offered to lay team A for €500 at odds 2.00, but only €250 had been matched before the odds moved out. You now have the option of whether to offer bigger odds for the remainder of what you where willing to risk, or just accept the partial bet.
It's also notable that in many sports/markets such as tennis, under/over 2.5 goals or asian handicaps their are only two options. that effectively means that betting on one side is exactly the same as laying the other. Take a look at our section on Identifying value (link to blog) to understand how to get the most out of each situation.
The other thing you need to consider when laying is the denomination factor. If you are laying a team at odds of 3.00 for €100, your risk is €200. To arrive at this number take the odds minus one has the latter represents the bettors risk, then times the number by the total stake. An example using €100 stake at odds 3.70. The bettor is risking 100, whilst the layer as a liability of 100 * 2.70 = €270. If the odds are introvert
Their are several good reasons why you might want to become the layer rather than the backer and they include:
- Strong opinion that a team won't win
- By laying you are getting better odds about the other team you actually wanted to bet.
- You believe that the odds are below the true market price.
- You believe the market will move in your favor, so you buy now to lay back later.
- You can use the bet to arbitrage on a third party site.
WHO SHOULD USE MATCHBOOK - PART FOUR
A lot of people are apprehensive about breaking with tradition, and many are simply born losers who will never change. At Betting-Analyst our main objective is to help punters understand betting, and that's one of the reason why we write these short tutorials. One of the first lessons for any wannabe professional bettor, obtaining value is paramount to success. That's one of the reasons why we promote Matchbook, because we see great value in their service. We really believe that the Matchbook platform can help an half decent bettor become profitable.
Lets start off by saying a punter who makes a regular profit will soon be stopped in their tracks by a traditional bookmaker, but that won't happen at Matchbook. The reason for that is Matchbook have absolutely no financial betting risk, since they merely facilitate bets between different parties. The concept of a betting exchange is exactly what it says, a place to exchange bets. You could compare it to other ''buy and sell'' platforms such e-bay were the aim is to cut out the retailer.
As the Matchbook platform is easy to use, the betting exchange is suitable for punters of most levels. However, like with swimming, you won't learn if you are not willing to enter the water. And, that's one of the reasons why at this stage we would suggest you open a Matchbook account to operate parallel with this ongoing tutorial. Why not join from this link and get yourself a £10 back + £10 lay bet has a welcome bonus.
At Matchbook you can also take the role of the bookmaker, by laying a bet. This is particularly suitable tool for people who have a genuine opinion, since it gives the chance to profit from knowledge. People who truly understand betting will know that having a Matchbook account brings other distinct advantages, such as the lowest commission. In fact, whilst other exchanges charge excessive sums, Matchbook have a simple flat rate of 1% (1.15% UK). Another factor that should be taken into account is the burden of a ''premium charge'', because unlike with the others at Matchbook their are no such thing - You pay the basic commission and that's it!
Punters searching for true value should simply factor in the low commission, and then compare odds with other sports-books. It's been proven by odds checking platforms that Matchbook have the very best prices for both Football and American sports. Improved liquidity and the right to win without facing barment (account closure) are other important issues.
Their is no wonder that Professional punters have turned to Matchbook, and you should contemplate doing the same. why not take your betting to a new level, grab the value and cut out the dinosaur of the traditional bookmaker. It's really a no brainer, that by avoiding the bookmakers juice you actually give yourself a chance to win. And, for those who are already successful, your bottom line is going to increase with a Matchbook betting account!
Matchbook covers the needs of the following:
- People who truly understand betting and smart punters who wish to improve their bottom line.
- Anyone with an opinion who wishes to assume the role of the bookmaker.
- Professional punters who need high stakes, best value and no account limitations.
- Asian handicap bettors who need to cut out the juice.
- Arbitrage specialists and traders
- In-play betting
Last but by no means least. Matchbook is a fully legal entity, where your funds are safe and you won't have to worry about committing an offense. Matchbook are fully licensed in both the UK and Alderney, for your added protection!
WHY WINNERS ARE WELCOME - PART FIVE
At Matchbook you are truly welcome to win, and that's not because the Matchbook exchange is operated by a charity. The reason you are allowed to win is very simple, it's other peoples money. Whether you win or lose, Matchbook have zero risk or liability. The Matchbook betting exchange will take a small commission fee for facilitating the bet, and that's your only charge.
Once upon a time their were some bookmakers who would take on smart punters, but not anymore and that's why you need a secure platform like Matchbook. Let us explain a little, bookmaking nowadays is all about algorithms and risk management. The once highly respected job of an odds compiler is like the dinosaur, extinct. In fact, most odds you see on a Bookmakers platform are imported from a third party, or copied and pasted from the so called ''odds-compiler''. The job description should be changed to odds-monitor or tracker, because that's all they do. Lets also add that when you see a priced chopped by a bookmaker, it doesn't necessarily mean that have seen action (bets). The only thing it really implies is that the odds are going down in Asia and on the betting exchanges, and the bookmakers defense mechanism is triggered into adjusting the odds.
You can safely call Matchbook an ''equal opportunity'' betting platform, since you won't be prejudiced in any way. Big punters and small punters are treated alike, since they pay a fixed commission rate of just 1% (1.15% UK). Winners and losers, professionals and amateurs all pay the same. It doesn't matter who you are, their is no teachers pet in this class. In fact, Matchbook have absolutely no hidden fees or complex commission structures. They don't have a premium charge for winning accounts, nor do they have a sliding scale on commissions. Understanding Matchbook is kids play, and that's why it's suited by all levels of bettors.
We would like to add what you see is what you get. The odds and liquidity are cristal clear, and you can negotiate your own position by making an offer. We believe it's fair to suggest that on a bigger game it would be easy to bet £100k+ without line slippage. Whilst you might see £20K offered, it's easy to ask for the rest or wait a few minutes for better odds to appear.
Matchbook have top liquidity on most football leagues and American sports ,and they also have the very best odds available. Matchbook are legally licensed in both the UK and Alderney for added protection. For British based punters they offer a legal way to top Asian handicap odds, because its no longer legal to bet with non UK licensed operators.
PRACTICAL TIPS + STRATEGY - PART SIX
In this segment we thought it prudent to consider some betting strategies, which could be implemented at the Matchbook betting exchange. Afterall, this is not a traditional bookmaker were you go to lose money, it's a betting exchange were you hopefully go on to win. Whilst most punters bet knowing they are going to lose in the long term, that won't necessarily happen if you remove the greedy bookmaker from the equation. In theory, if you are better than the average Matchbook customer, you should be able to profit on this peer to peer platform.
Before we start we would like to point out that Matchbook is different to other betting exchanges, since the commission structure is easy to understand. Whilst others are known to charge upto 8% on customers winnings, Matchbook charge just 1% (1.15% UK Clients) on clients stake. For people with a strong opinion like us, it's clearly better to pay 1% (1.15%) on stakes compared to a much higher commission on winnings. Unlike with some other exchanges, Matchbook doesn't have any hidden costs. In fact, their is no premium charge (upto 60%) or any other dubious fees involved. All you pay is a flat rate commission on your stake!!
In the world of property investment, a person can ''buy a house to let'', or ''let a house to buy''. That could be compared to a betting exchange were you can ''back to lay'', or ''lay to back''. By using this method, those people who believe they are good at predicting odds movement can make the equivalent of a futures bet. For example:
- If you were convinced you had found an ''over price'' (bigger odds than a team should be), you could bet early and ''lay'' back before the event started. If you had predicted the odds movement correctly, you would be in profit.
- The reverse angle would be if you thought the odds were too short. You could lay the bet to another person on the Matchbook trading platform, and buy (bet) back when you thought the odds were optimized.
Odds movement might happen when team news becomes known, or other contingencies such has bad weather, state of pitch, delays in traveling, change in management, club announcements, size of crowd, etc etc- it is your duty to stay informed. Don't forget to incorporate any commission charges into your calculation.
Whilst the above example would mean trading out before the event started, you could add a bit of spice/risk by waiting until the match went in-play. For example:
- If you don't expect early goals, you could bet 0-0 before the start of a game at ''full odds', and then lay bet back after a certain period of time had elapsed, Assuming that no goal had been scored, the odds would shorten and you could cash in the difference.
- You can also use this method for long term markets (ante-post). If believe a team will go further in a competition than the odds imply, you can bet at the start and lay back at a later stage.
Maybe you are interested in no risk arbitrage opportunities. This will mean trading across multiple betting platforms simultaneously. It's actually a ''no brainer'' to most of us, but here's your example.
- If you could get odds of 2.05 on both ends of a coin spin, you would be stupid not to take it. Afterall, for every €200 invested you would receive €205 back without risk, that's more than the banks pay!
- The only concern you will have is getting both sides of the bet covered, since the odds could change quickly.
Here is some basic advice to reduce that possibility happening.
- If team A was available at 2.05 with one source, but the next best odds was 1.95, the discrepancy would be 10 pips. If Team B was best odds 2.05 and the next best were 2.03 and 2.02, the difference is just 2 or 3 pips.
- In this scenario you should bet Team A first, since that's were the biggest juice is available and without those odds you wouldn't have a bet, if Team B went off the menu at 2.05, you still have back up odds of 2.03 and 2.02.
Most professional punters use a money management system, which in turn dictates how much they will stake. Last year we used 0.4% of our bank for each point we bet, but this year we bought in a new algorithm and reduced that to 0.3% (maximum 5 points). To come up with the right numbers will depend on many factors, with the most obvious one being how often you will bet. Whilst some syndicates place thousands of bets each month, other professionals will focus on a much lower number. It's your duty to figure that out.
A leading odds checking portal recently proofed that Matchbook had the best odds on football on over 93% of occasions. With no bookmakers juice involved, and just a small commission charge it's easy to understand why. For a professional punter obtaining the best odds is everything, so a Matchbook account is a must. Nevertheless, you should check this out for yourself. Visit any odds checking portal and you will see!
If you are in the UK then you will probably know that it's against the law to bet with any gaming platform that is not licensed by the UK gambling commission. Luckily for you, Matchbook are legally licensed to take bets from the UK or anywhere it's legal.
UNDERSTANDING LIQUIDITY, VOLUMES AND TURNOVER - PART SEVEN
Whilst professional gamblers will already understand about liquidity volumes on betting exchanges, the average punter might not have thought it through. Afterall, it's human nature to take the easy route by keeping things simple, and that's fine for a person who expects to lose with their betting. Nevertheless, we believe understanding can help you become a more efficient punter, and that's something we are hoping to achieve with this Matchbook tutorial.
Lets start off by saying that the more popular the sport, the bigger the turnover and the better the liquidity. If we are to list Matchbooks main betting markets they would probably come in the following pecking order. Football (soccer), NFL, NBA, MLB, NHL, Cricket and Tennis. Anything else would be classed as a marginal sport. Other considerations would include the level of the league and quality of the event. Afterall, an English premier league match is going to see more turnover than the equivalent in the French league. And, a match between Manchester United and Manchester City will have a bigger following than Aston Villa against Sunderland.
However, their is more to it than just that, since timing is another important aspect to understand. For example, if you wanted to place a substantial bet on a monday for the coming weekend, you might have a problem. The reason for that is the worlds betting markets are just beginning to take shape, and it's not until they begin to churn that limits start to increase. Take betting an EPL game for the coming weekend, you might be offered 1000 asian handicap on a monday and tuesday. That would most likely increase to 2000 by wednesday, 5000 thursday, 10,000 friday and start at 20,000 on match day. And, we are not finished there. The closer we get to the kick off, the livelier the market and higher the liquidity. In fact, sums of 50,000 can often be bet later in the day.
The other issue is what type of bet you would like to make, since some markets are more popular than others. The highest stakes will be available in the Asian handicap market, followed by the Totals (under/overs) and then comes the 1X2 market. Side bets such has half time - full time, players to score and correct score will have much lower liquidity.
Without wanting to make this guide complicated, lets just say that the betting markets are dictated by what's happening in Asia. Market makers who use Matchbook are likely to be tracking the lines they can get with the Asian facing bookmakers. And, it's their efficiency which drives the market.
MATCHBOOK - MARKET VOLATILITY - PART EIGHT
You might have noticed on the Matchbook betting exchange some markets are more volatile than others, and by that we mean lines/odds move quicker since their is an higher amount of ''action''. We would suggest that the best way to identify volatility is to open the Matchbook site, and watch for yourselves line movement and liquidity changes in the various markets. In this section of our tutorial, we will explain what you can expect to see and experience.
While their are exceptions to the rule. It's a general consensus that the bigger the game the higher the turnover, which in turn should mean higher liquidity. The question here is, will increased liquidity stabilize the betting market or will the higher number of bets create volatility?.
The fact is, their is no ''one'' answer. We need to consider why odds move, since things such as team news or changes in weather could cause odds to swing. Whilst in theory a game with higher interest will have more depth, it might mean very little if something important becomes apparent. Imagine a scenario were Ronaldo or Messi are announced as ''unavailable'', the odds would need to be readjusted. It's the same if the weather becomes bad, because goal expectancy would drop and so on!
What can often be seen has volatility might be a ''weak market''. Low profile matches and sports with less interest are likely to have much lower betting limits, and that in turn means a small amount of bets will move the lines quickly. In some ways you can compare betting exchanges to the stock exchange, since big stocks such has vodafone wouldn't move if an investor wanted to purchase £100,000 in shares . On the other hand, a penny stock would go through the roof if the same value of shares were acquired. With that in mind, don't mistake odds movement in a weak market for volatility.
Other considerations could be timing, since most markets became ''hot'' once team news is known. That usually means the thirty or so minutes prior to a match starting are likely to see most action. However, we shouldn't confuse a large amount of bets being placed with volatility, since the market can take a lot more at this stage. For a market to be classed volatile, their would have to be some heavy line movement.
However, one area you are absolutely guaranteed to see high volatility is at the ''in-play'' markets. One of the reasons is the risk factor meaning liquidity/limits are much lower, and then of course their is the game itself. In football having possession, moving into a dangerous position, receiving a free kick, or cards for fouling will all effect the odds. Whilst penalties and goals would usually mean a suspension of the betting offer. In tennis every point would force the odds to change, and it's the same in other sports. In fact, it doesn't take much fantasy to understand that a game is constantly changing and so are the odds.
I think we should finish this segment by saying that volatility should be embraced, see it has your friend rather than your enemy. If you can learn to identify were the markets have got it wrong, play with the swing-trading and use scalping techniques - You are well on your way to profiteering!!
USING MATCHBOOK TO CASHOUT - PART NINE
One of the biggest rip-offs in modern day betting is the bookmakers ''cash-out'', and in this section we are going to explain how to use Matchbook to get full value on your ticket. To make this easy to understand, we thought it best to use a few explanatory notes. Nevertheless, before we start we should explain what the bookmakers ''cash-out'' option is.
In simple terms, the cash-out is when you sell your bet before it's been fully concluded. For example, the customer might have placed a long accumulator with several teams all needing to win, The cash-out facility allows the customer to sell off the bet before the final leg is concluded. If we imagine a scenario were an eight team football accumulator had been placed, and the first seven had already won. Before the last leg takes place the bookmaker might offer to buy your ticket, albeit for a much lower value than it's actually worth. In fact, the customer is likely to be offered around 65 to 70% of the real value. The following is a working example:
Lets for arguments sake say this eight team accumulator would pay £1000 if the last leg wins, and the odds of the final team are 2.00 (evens). In layman terms, that means the customer has £500 running onto the final game at odds 2.00. In this case the bookmaker might offer the customer £333.33 to cash-out early, before the event begins. Using this example, the bookmaker is asking that the customer lays back the bet at odds of 3.00 (2-1). As you can see from these figures, this is a real ''rip-off'' and one of the reasons why bookmakers push their ''cash-out'' option on insecure customers.
However, their are better options available, since their is no obligation to sell the bet back at source. Afterall, whilst the bookmakers may be banking on customer loyalty, ripping their clients off is hardly the right way to go about it. We would advise the more intelligent punter to get themselves over to the Matchbook exchange, and sell (lay) the bet for much higher value. Whilst the odds you will need to lay are more likely going to be bigger than 2.00 (because of the bookmakers margin), it's still going to prove a worthwhile exercise.
For the sake of this example lets make the exchange odds being requested 2.07 (lay), which means after commission the customer is selling the bet at circa 2.10. In this case the customer would be selling his bet for £476.19 (1000/2.10), which compares well to the bookmakers offer of just £333.33. In fact, the difference is a massive £142.86 !!
The same tactic can be applied to in-play betting, or any other form of profit taking. And, here's another thing with the Matchbook exchange, the customer can sell all or part of their bet. Afterall, some might prefer to let a little ride on the final result.
I remember my teacher at school telling me ''laziness wasn't an excuse'', and nor is ignorance come to that. Whilst the customer might need to exercise a few more brain cells, it's not a bad thing. Of course you could go to other exchanges and sell the bet, but their commission is much higher so the return would be smaller.
MATCHBOOK - UNDERSTANDING COMMISSION STRUCTURE - PART TEN
Before we start with this section, we would like to point out that we are totally independent of Matchbook, and it's not our intention to gloss over any facts. We are telling you this because some people will be suited by Matchbooks commission structure, whilst others might not. Nevertheless, we can safely say Matchbook have the lowest commission of any betting exchange, and their two cent lines beat any low juice bookmaker. For the record, we say two cent line because that's the average odds after commission. At this stage we should also point out that you don't need to bet massive sums to benefit from the lowest commission rate, since it's the same for everyone. Furthermore, whilst other exchanges might be charging 5% or more on winnings, Matchbook charge a simple flat rate of just 1% (1.15% UK+Ireland) from the stake. To give you some idea how this compares, lets take an example bet of 100 at odds of 2.00.
A client paying 1% commission on a stake of 100 will have 99 placed at odds of 2.00, so a successful bet will return 198. This in turn means the client has paid an effective 2% commission from their winnings. In simple terms, 100 to win 100 becomes 100 to win 98. For clients paying 1.15% commission, the calculation is 98.85 (100-1.15) at odds of 2.00. A winning bet would return 197.70, thus the commission deducted is an effective 2.3%. As you can see, the real commission is much lower than at other exchanges.
The reason why UK and Irish customers pay a slightly higher commission rate is betting tax. Gaming companies wishing to take bets from UK residents are legally obliged to obtain a UK betting license, and pay the government 15% gross profit tax for the pleasure. In other words, every £1.00 collected in commission becomes 0.85 pence. If you can do the introverted maths you will see Matchbook are losing on the deal, because 15% GPT would be 1.1765% and not the discounted 1.15%. We could also mention Matchbook have other associated costs for taking bets from UK residents, such has License fees, UK servers, book-keeping and accounting.
With regards to people who might prefer paying an higher commission rate on the whole market has opposed to the stake. They are simply ''in market'' traders , people who churn high volumes to achieve small wins. Nevertheless, these people are in the minority, and the real professional gamblers (sharps) are clearly better suited to the Matchbook method. Afterall, it's a simple calculation to see the real odds, and their is less platform juice. Arbitrage and cross platform traders should also benefit more from the Matchbook way!
Other factors that make this leading exchange interesting include. Matchbook allows it's customers to bet legally from any jurisdiction that allows betting. At Matchbook their is no other cost such has the premium charge. UK and other customers can win 100's of thousands without any other taxation due to the government. Matchbook is fully legal and complies with the law, and your monies safe!
At the end of the day, Matchbook customers can get the very best odds available in Asia without having to worry about not getting paid or the legality. Why not open a betting account with this leading platform from this link and get upto £20 in free bets!
MATCHBOOK - JUDGING OWN PERFORMANCE - PART ELEVEN
Most humans are creatures of habit, since the majority get into a rut and think it's a normal life. In the world of professional betting, these people would be called sheep. The reason for that is simple, they are followers and not willing to think out of the box. This Matchbook tutorial is meant to be a wake up call for wannabe professionals, because to make money from gambling a person needs dedication and the willingness to confront the truth. We titled part eleven has ''judging player performance'', but that really means judging your own performance.
We are assuming that readers of this Matchbook tutorial are interested in becoming better punters, so the first thing we would suggest is to buy a big mirror. Afterall, you will need to study yourself, and be willing to confront the mistakes you are making. On that score we would like to offer some inspiration, by saying that most professional gamblers came through the ranks and it didn't happen overnight.
We can't re-iterate the importance of the next part enough, but value is everything in professional betting. If you are used to wagering with what we call recreational bookmakers, it shouldn't take you long to figure out why their business is blooming. It's really simple, the punter is paying a premium price through poor odds and in the long term their is little chance of winning. On the rare occasion when a ''wise guy'' can beat the bookmakers system, they will quickly be confronted by risk manager and their account will be quickly closed or limited.
With regards to Matchbook's role in the theme of things. You need to take into consideration that the betting exchange is simply a technological platform that supports pier to pier betting. You can liken it to ebay, a platform for sellers and buyers. Or, a tennis tournament, in that the court is provided for players to go against each other. To facilitate this form of betting, Matchbook are required to have betting licenses in place to cover all legalities. They provide payment options to clients, hosts servers, offer customer support, and spend lots of money on marketing. However, unlike with ebay or other betting exchanges, Matchbook only charge a simple low commission for their service.
One basic that we can touch on in this short tutorial, is how a punter can identify whether they are beating the system. It's very simple to keep a log on odds taken, versus the odds at the start of the game. Afterall, the acid test for any true professional bettor is how often they can beat the no juice book at kick-off. If the user gets it right 55% of the time, they should at least be competitive. It goes without saying that the higher the (positive) ratio, the bigger the theoretical margin. Whilst everyone should decide their own methodology, we judge ourselves using a three way system. For the record and simplicity, lets call them: positive - draw - negative, with two pips (0.02) either side being the draw.
Like we mentioned in earlier parts of this tutorial, it's everyones duty to fight for the best odds. That means negotiating price by requesting better odds, and using the ''lay'' option when appropriate. An understanding of Asian handicaps would be a positive, and knowing the maths is certainly an advantage.
MATCHBOOK - THE FACTS - PART TWELVE
During the first eleven parts to this Matchbook tutorial, we have tried to offer customers a few tips and tricks. At this stage, we believe it's a good time to add some basic facts. We should start off by saying that Matchbook isn't really comparable to other betting exchanges, so we won't be compare like with like.
Lets start off by saying that when we added a Matchbook questionnaire to the betting-analyst.com website, we were a little surprised by some of the answers we received. Afterall, things like the lack of liquidity have nothing to do with the modern day Matchbook, and we shouldn't judge the platform from the past. With that in mind, we would suggest that you check out the site for yourself - here's the link.
For the record, what you should see when opening the Matchbook site is liquidity to satisfy the biggest gamblers, and the very best odds too. In fact, at the time of writing, we can clearly see five figures available on most of todays events and six figures on a few. An example of this is Genoa (-0.25) in tonights Serie A game. The numbers are 22k available to bet at 2.07, and 24k to lay at 2.08. These odds are the very best available on the market, and their is nothing to stop the customer from trying to negotiate and ask for more. And, it's not just football, since we see big numbers against all four American sports as well as tennis and cricket.
With regards to in-play betting. The bigger markets are all very competitive, and their is great liquidity too. In fact, these numbers are above the best odds in Asia, and so are the limits. It goes without saying that lower league games don't have the same volumes, but that's to be expected.
With Matchbook you can fund your betting account with the usual e-wallets, such has Skrill and Neteller. Their is also the option for bank transfers, plus credit and debit cards. Unlike with other exchanges, Matchbook don't usually charge for processing payments. We should also mention that clients can bet in AUD, CAD, EUR, GBP, HKD and USD. And, their is the possibility to set the odds to decimal, UK (Fractions), US, Hong Kong, Indo and Malay.
The value aspect of betting with Matchbook is the lowest commission of any betting exchange. In fact, the rate is just 1% on stakes, or 1.15% for UK and Irish customers. The slightly higher rate is to cover the UK governments ''gross profit tax'', something which Matchbook have actually discounted. Unlike with other exchanges, their is no other charge involved. Matchbook don't have anything like the premium charge (upto 65%), and nor do they charge upto 5% of on your winnings.
One thing is absolute certain, no other bookmaker or exchange can compete with Matchbook when it comes to US sports. We have compared the odds (minus commission), and we can honestly say Matchbook outperform every other sports book and exchange out there on NFL, NHL, NBA and MLB.
For your protection, Matchbook operate legally under both a UK and Alderney betting license. Clients funds are fully safe, so you can sleep without worrying at night. Unlike with many other betting platforms, winners are very welcome. Professional punters can apply their trade without being barred or limited.
Customers have the possibility to bet on a number of markets, including 1X2, totals (under-over), Asian handicaps, correct score, both teams to score, half time - full time, etc. Whilst the majority of the liquidity is in the main markets, leisure players are covered too!
In short, the Matchbook customer is getting the very best Asian odds, legally and for a fraction of the price. The Matchbook platform is mobile friendly, easy to use and offers full support.
MATCHBOOK - THE FINAL CHAPTER - PART THIRTEEN
We would like to believe that this tutorial gives a better understanding of Matchbook. In fact, our intention is to help less proficient gamblers level the playing field. If you have any questions pertaining to this tutor,l or you would like to ask us something more specific. Please feel free to contact us at email@example.com. However, before we conclude with this blog, we would like to highlight why we believe Matchbook is such a valuable tool to the punter.
Lets start off by mentioning that we believe Matchbook is suitable for all levels of bettors, since it's ultra competitive, easy to use and legally compliant. In theory, an average punter who is used to betting with traditional bookmakers might be losing an average of 10% per bet. Thus for every €100 wagered, the bookmaker would be keeping €10. If that same bet was struck on the Matchbook betting exchange, Mr Average should only be losing 1% commission. And, the reason for that is simple, without the bookmaker, their is no juice.
However, if on the other hand you believe you are better than Mr Average, then Matchbook will give the opportunity to make money from betting. In fact, the smarter you are, the more successful you are going to be. Whilst it's an assumption that only 1% of gamblers can make it pay, those numbers increase dramatically once the greedy bookmaker is removed from the equation. Just stop and think about the maths, it's not exactly rocket science!
The DNA of any business is how am i going to make money, and that's the way we encourage people to approach betting. Why not turn the odds in your favor, become a smart investor and learn how to bet effectively. We would highly recommend you forget those dinosaurs called ''leisure bookmakers'', and concentrate on high value operators such has Matchbook. And, lets just say, if you start winning with the typical bookmaker, your account will be quickly closed or limited - That won't happen at Matchbook!
Some of the stuff we have added in this tutorial is purely logic, but you still need to fathom it out. For us the first rule of betting is obtaining value, so take that on board. Consider negotiating bets as part of the betting exchange culture, and remember to check across the whole platform in various markets for added value. Afterall, you can compare money-line markets with Asian handicaps, and their are many other parallels. Before processing a wager check both the bet and lay price, because you might find more value in reversing the procedure.
When placing a bet, bare in mind how any commission effects odds. At Matchbook that would mean odds of 2.00 becoming 1.98, whilst on other exchanges the price would be reduced to 1.95 (5% from win). Also, before considering your best account options, bare in mind that other exchanges charge upto 65% premium charge on your winnings. At Matchbook, the only commission is 1% on turnover (1.15% UK).
We would also suggest that you keep working on your own performance, and never lose focus on what you hope to achieve. Afterall, in business their's no finishing line, and that same theory applies to profitable betting.