With the new 4% commission on your net profits there planning on implementing you might as well play at a regular book.
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With the new 4% commission on your net profits there planning on implementing you might as well play at a regular book.
SBR Founder Join Date: 8/10/2005
Another new fee structure?!
Some of the longtime members seem to think it's an improvement, though.
Last edited by Dark Horse; 06-22-07 at 04:49 AM.
SBR Founder Join Date: 12/14/2005
Tradesports is a dying exchange and lousy
stay away
SBR Founder Join Date: 7/20/2005
That's too simplistic. They've been around, have always paid, and the new fee structure is welcomed by their longtime following as an improvement. TS did miss the boat, though. They could have been way ahead of the game, but instead of cornering the market, they micromanaged for years. Now MB has overtaken them and unless TS drops its fees to 2% there is no advantage to trading there.
From the little I know of this industry I would easily consider TS as the company with the greatest unrealized potential. You wouldn't believe the silly things they focused on, while all they really needed to focus on what liquidity, liquidity, liquidity. If they had ten or twenty times the liquidity they have now, the entire fee structure issue wouldn't even be on the table.
Last edited by Dark Horse; 06-22-07 at 08:55 AM.
SBR Founder Join Date: 12/14/2005
idiots running the place
there lies the problem
SBR Founder Join Date: 7/20/2005
Good post. TS does have a niche client base and did not develope it. I do think there is still some benefit price wise. TS will still offer the no-fee structure for plays made before in-running.
An anonymous reader made some good point today:
Probably the biggest plus is that you can now short longshots and you only pay 4% of profit instead of what was effectively a 50% (or more) fee from last fall until now. This should increase liquidity on tournaments and futures quite a bit.
The structure they put in place last October (and the way they implemented it) was idiotic in the extreme and really hurt their volumes. This is a solid step in the right direction and should make a real difference.
A smart upgrade from here would be to offer, as does Betfair, a gradually reduced fee % the more you trade. If you want people to trade more, it's common sense to provide some incentive, right?
SBR Founder Join Date: 7/12/2005
did they get delisted by the OTCBB?
SBR Founder Join Date: 10/9/2005
There is no agenda here against TS; merely different opinions, as might be expected on a forum. The agenda must be yours, however, if you believe that critics of TS must be paid for doing so.
You sound a bit like that market maker from TS. FairValue, I think his name is. Just as heavily prejudiced against SBR and not wanting the hear a negative word about TS. Hey, if you offer me good enough value, I'd even be willing to bet you're the same character.
In any case, if you're not happy with the liquidity at TS, don't blame critics of TS. The head ponchos at TS did that all by themselves.
Last edited by Dark Horse; 06-23-07 at 09:04 AM.
SBR Founder Join Date: 12/14/2005
The problem is with the statement by BBD: "With the new 4% commission on your net profits there planning on implementing you might as well play at a regular book."
It's blatantly inaccurate. Had he said "You might as well play at the couple of books that offer in-running" he might have had an argument.
As it is, you continue to pay nothing other than the usual spread in vig for pre-match bets, which are what the majority of people would have thought he was talking about.
FTR I haven't played at TBX/TS in years.
SBR Founder Join Date: 9/8/2005
Welcome to the board Mo. Stick around and you will see everyone has their own opinion. The opinion on the SBR homepage is that this is a positive. But, TS essentially changed the price of pending long term wagers by jacking with the rules the previous time and that should be pointed out. Users expect more of a fair business approach from TS. Without the discussions TS likely would not have made the most recent changes.
SBR Founder Join Date: 7/12/2005
SBR Founder Join Date: 8/10/2005
I did yes, because I knew that they were staying fee-free for normal bets, but how do you expect other people to when you don't include that information?
SBR Founder Join Date: 9/8/2005
The problem with ignorance and arrogance is that they go together so well.
I'll show my positive spirit by complimenting you on how effortlessly you mix the two.
(For the record, this attitude is very prevailing in the TS community, including the leadership.)
Last edited by Dark Horse; 06-23-07 at 11:40 AM.
SBR Founder Join Date: 12/14/2005
Where did I say that TS paid you? (I did mention that you reminded me of a market maker there, but that is different). You are the one who speaks of people being either paid to criticize TS or not being paid enough to give them better ratings. lol. I'm afraid I may have to add paranoid to the list.
But it is good to know that, aside from already knowing everything about me, you now also speak for everyone else on this forum.
You're tha man. If only we were all so omniscient.
Last edited by Dark Horse; 06-23-07 at 12:10 PM.
SBR Founder Join Date: 12/14/2005
this is a terrible change for sportsbettors.
with pre-event now confirmed to be included in the 4% commission on net winnings i have to agree with the person who said just stick to a regular book. the spreads by the market makers are too wide at tradesports and i dont have the patience to put in orders when a better price is already at matchbook or pinnacle.
i will keep a little money there in case i need to get off a positon but i will be making a significant withdrawal by the end of the week.
SBR Founder Join Date: 8/24/2005
SBR Founder Join Date: 8/10/2005
I use the sportsbook part of tradesports, not lots of action though.
SBR Founder Join Date: 7/20/2005