[JoeVig]

Anyone getting the annoying Bet Maker pop-up announcement at Bookmaker?

OK, I get it - you have a new exchange, and the vig is a low 2%of net winnings. Now take this trash off my screen!!

[katstale]

I got the pop up and then sent them an email asking questions abt the 2% offer which is quite different from the what the web page states. Been almost 2 days and no answer.

Anybody on here got any answers to share abt the 2% Betmaker? Where are those Cris/Bookmaker CS guys who used to post on here?

Now is the time to share info with us guys if you have a good product to promote.

Maybe Justin, etc can look into this and share?

[tomcowley]

Chat with Betmaker CS from a couple of days ago. Kind of weird.

xxxx: I just got a popup on my bookmaker account saying to try out betmaker, and it said 2% on net wins
xxxx: but the help files show a commission rate a lot higher than that
xxxx: what's happening?
xxxx: Online Message TRY THE NEW EXCHANGE WWW.BETMAKER.COM --NO TRANSFER FEES, 2% OF NET WIN
rafael: please hold
xxxx: sure
rafael: ok, here's what's happening,
rafael: for technical issues your account will still be charged 4.5% but at the end of the day you can call us and we will adjust your account accordingly to 2%

[katstale]

That makes me almost glad they didn't email me back. That is crazy? Can you help us out SBR Justin? Anyone?

I mean I am def a player there at 2%.... if my math dude can figure it out.

[soxwin1917]

Haha wow...that is incredibly scheisty by them.

[michael777]

I got the pop up and then sent them an email asking questions abt the 2% offer which is quite different from the what the web page states. Been almost 2 days and no answer.

Anybody on here got any answers to share abt the 2% Betmaker? Where are those Cris/Bookmaker CS guys who used to post on here?

Now is the time to share info with us guys if you have a good product to promote.

Maybe Justin, etc can look into this and share?

i sent them 3 emails,no response as well

[Mike_79]

I just did a live chat with Betmaker and was also told about the 2% commission of net winnings. I asked if there was a time frame for how long this would be valid and the guy stated that he hadn't heard anything about any particular time frame. He also wasn't aware of any technical issues of being charged 4.5% and then having to call up to get credited down to 2%. He did say that the 2% is for both horses and sports.

I'd love to get some clarification on this as there are different answers depending on where you look. 2% of net win on horses and I will be pushing some heavy volume through that place.

[katstale]

Now this is exactly the situation where SBR misses BBD. He would have been all over this calling/chatting and finding out what's what.

BBD? You lurkin? One for old times sake?

[JoeVig]

"2% net win" - per bet or daily?

If I play two $100 losers and have a $100 winner on a given day:
2% Net win per bet = $2 juice
2% Net win daily = $0 juice

I would just assume they mean per bet .

[katstale]

Seems this is the way to go:

email: rich@betmaker.com

this is probably all so new its a little fluid

[soxwin1917]

I know this is new, but shouldn't betmaker have SOME idea about the details before they launch the book?

[Mike_79]

Seems this is the way to go: email: rich@betmaker.com this is probably all so new its a little fluid

Thanks for that e-mail Kat. I e-mailed Rich for a little clarification on the 2% of net wins. Here's a copy of the e-mail that helps spell the commission structure out a little better. Hopefully, in the coming weeks the website will be updated so everyone can see what the deal is, including withdrawal information. I should also note that Rich responded to my e-mail in less than an hour which I appreciate.

"Thanks for your interest. We start everybody out with 13,000 Betmaker Points. This sets everyone at our highest discount rate of 60%. This means you get 60% off of the market base rate that sets the commission for any particular market. Currently all sports market have a 5% market base rate. Horse racing has a slightly higher market base rate of 6%. With your 60% discount this means you pay 2% on sports and 2.4% on horses based on NET win only! The catch is Betmaker Points decay by 12% per week. So in order to maintain that very low commission rate, you must earn enough points per week to offset the decay. You earn 1 point per $50 of matched risk. Risk is your worst position in the race. As you trade, you will see your Profit/Loss on each horse. The horse with biggest red figure will be used to calculate your matched risk for that market. Likewise, while trading sports, whichever team you lose the most on will be used for that market. To continue the 60% discount level you must have 10,000 points after decay. Basically, we give you a couple of weeks to get your feet wet, but after that you are on your own to keep the very low level. Regardless, our exchange represents your best bet for horses. You get fixed odds, 20% better win odds, and can bet a horse to lose. If you have any questions feel free to call me 1-888-238-9727. You can ask for Rich at ext 2304."

[Immortality]

To keep the 60% discount or 2% of net wins after a few weeks is going to be ridiculous as you need to stay above 10,000 points.

So for example lets say you start the week with 10,000 points. By the end of the week they will take away 1,200 points (12%). So for you to stay above 10,000 points you would of needed to earn 1,200 points betting through your matched bets during the week to keep your 60% discount. You earn 1 point for ever $50 matched risk so to get your 1,200 points back you would of had to risked $60,000 that week.

Even to get lower discounts, when you do the math, you will have to make a lot of wagers to get any sort of meaningful discount.

[Immortality]

..

[magnavox]

That's like $8,500 daily? Just to be on 2% net win, which is what Matchbook was offering everyone half a year ago.

[Emily_Haines]

That's like $8,500 daily? Just to be on 2% net win, which is what Matchbook was offering everyone half a year ago.

You better have a massive account balance to play here.

[durito]

they don't even have markets up for sat/sun football

[WileOut]

matchbook is light years ahead IMHO.

[tltaylor89]

lol this is why Bookmaker is slow paying now because they have poured a ton of money into creating an exchange.Everyones chasing Matchy

[tltaylor89]

Hell come to think about it I got a Betmaker email just now on my blackberry

[HeeeHAWWWW]

Better than a kick in the head, but all they'll achieve is a lot of people using them for the promo, then dumping them when their betpoints decay in a few weeks.

[katstale]

Buck Owens is correct. Someone on their end hasn't thought this thing out clearly for sure. I mean, no way they sink all this money into this and then not try and compete with Match?!

As of now, getting money to them is a non-starter for most people (they don't pay the fees and b2b is only with Cris family) and they aren't really willing to approximate Match's commission structure.

If they want to jump start their liquidity and compete--they need to address player concerns.

Still hopin maybe JustinCase or Grinch will analyze this and maybe have a phone chat with higher ups there.

I am hoping its all just growing pains.

[thekap]

I don't have any inside knowledge but I have chatted probably 10 times each with Betmaker and Bookmaker over the past week about the Betmaker launch. What I found interesting is that when the pop-ups first came on my account at Bookmaker they were calling themselves essentially sister sites, with easy and quick interbook transfers. Then a couple of days later they said they were no longer sister sites but they were sharing customer service staff. Just today they told me that they have no affiliation at all with one another. I am not sure what to make of all that.

[Shifty]

I don't have any inside knowledge but I have chatted probably 10 times each with Betmaker and Bookmaker over the past week about the Betmaker launch. What I found interesting is that when the pop-ups first came on my account at Bookmaker they were calling themselves essentially sister sites, with easy and quick interbook transfers. Then a couple of days later they said they were no longer sister sites but they were sharing customer service staff. Just today they told me that they have no affiliation at all with one another. I am not sure what to make of all that.

Well that's a huge difference from what they originally told you. Has anyone taken a payout back to bookmaker from betmaker?

[fargo]

When I signed up for an account at Betmaker, the "Welcome to Betmaker" e-mail I received listed the customer contact phone number, and customer e-mail address, as the same as Ehorse.

Let's see...same "skin" as Ehorse, same contact phone number as Ehorse, same e-mail address as Ehorse. And as everyone on this board knows, Ehorse (BetLasPalmas) is months and months behind in paying players.

Given this information, do any of us really want to play at Betmaker at this time?

[thekap]

I have done a transfer both to and from Betmaker/Bookmaker with no problems and reasonably quickly (a couple of hours at most). They told me I would have a 1x rollover when transferring back to Bookmaker which was very reasonable. The transfer to Betmaker came right after the pop-ups started and went lightning fast. The transfer back to Bookmaker came recently, after the point when they said they had no affiliation with one another, and still went fairly quickly, so that does not seem to be an issue.

[JoeVig]

after the point when they said they had no affiliation with one another

Why is the story changing? Seems like a simple question - are they or aren't they in the CRIS family?

Another instance where I would like to see more of what SBR used to do - review and even visit sportsbooks.

[bookie]

It looks like this is just a skin of the still functioning Ehorse, which is still functioning. Ehorse is associated with Las Palmas and the Horizon group, which has lost credibility and maybe there's some kind of trade or partnership or debt collection going on whereby CRIS-Bookmaker gets an Ehorse skin of its own.

With that complicated decaying commission structure it looks like they dream of a bunch of big horse players using their software to but heads so the can be the Betfair of the North American market. Ehorse couldn't do it with this software in a much friendlier time, but whatever they have to try. No surprise that Bookmaker-CRIS isn't going to sponsor an plausible exchange out--would you if you were selling -110's?