View New Posts
  1. #1

    Question Do the bet exchanges work with a winning system?

    Quote Originally Posted by Dunder View Post
    For non-US sports, BetFair (by far the biggest/best exchange) offers pretty much unlimited liquiidity and have no reason to limit winners, but if you are expecting to win 12 pct month-on-month, be sure you are very familiar with "Premium Charge".

    If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?


    Also, what does the "premium charge" mean?


    I am not familiar with these exchanges as I have not done opened an account with them yet.


    Thanks for you help, Bob

  2. #2

    Default

    Betfair has a complex formula for their "premium charges". If you win too often over an extended period they will charge you a 20% tax on winnings. It mostly applies to professional arbitrageurs who back and lay the same market.

  3. #3

    Default

    Quote Originally Posted by bobsimmons View Post
    If you are using a system that allows you to win consistently
    How much are you having to pay for this "system" ?
    60pts

    SBR POKER TOURNEY13th Place 5/28/2012

    275pts

    SBR POKER TOURNEY3rd Place 5/15/2012


  4. #4

    Default

    Quote Originally Posted by bobsimmons View Post
    If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?


    Also, what does the "premium charge" mean?


    I am not familiar with these exchanges as I have not done opened an account with them yet.


    Thanks for you help, Bob
    Thats a funny post bobbsimmons.

    And the simple answer is NO

  5. #5

    Default

    Quote Originally Posted by JoeVig View Post
    How much are you having to pay for this "system" ?



    it depends on the system sellers

  6. #6

    Default

    Quote Originally Posted by bobsimmons View Post
    If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?


    Also, what does the "premium charge" mean?


    I am not familiar with these exchanges as I have not done opened an account with them yet.


    Thanks for you help, Bob
    Whatever system you have is (in theory) less likely to be succesfull on an exchange because the market is more efficient.

    The premium charge on BF applies to people whose winnings are large relative to the amount of commission they pay. This means people who back and lay the same market at BF so that they only pay commission on their profit. Normal bettors are very unlikely to be affected.

  7. #7

    Default

    Quote Originally Posted by Jontheman View Post
    Whatever system you have is (in theory) less likely to be succesfull on an exchange because the market is more efficient.

    The premium charge on BF applies to people whose winnings are large relative to the amount of commission they pay. This means people who back and lay the same market at BF so that they only pay commission on their profit. Normal bettors are very unlikely to be affected.
    I really changed my mind about their premium fee nowadays.

    Betfair are really assholes but I welcome this fee now

  8. #8

    Default

    Quote Originally Posted by Jontheman View Post
    The premium charge on BF applies to people whose winnings are large relative to the amount of commission they pay. This means people who back and lay the same market at BF so that they only pay commission on their profit. Normal bettors are very unlikely to be affected.
    Not that unlikely (I was).
    200pts

    SBR POKER TOURNEY1st Place 5/5/2012

    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 05/24/2012

    805pts

    SBR POKER TOURNEY1st Place 5/19/2012

    12,560

    SBR POKER TOP 100

    20th Place 11/1/2011

    590pts

    SBR POKER TOURNEY1st Place 5/5/2012

    1500pts

    SBR WORLD
    POKER CUP
    2nd Place 2012

    200pts

    SBR POKER TOURNEY1st Place 4/28/2012

    725pts

    SBR POKER TOURNEY1st Place 4/28/2012


  9. #9

    Default

    Quote Originally Posted by bobsimmons View Post
    If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?


    Also, what does the "premium charge" mean?


    I am not familiar with these exchanges as I have not done opened an account with them yet.


    Thanks for you help, Bob
    Betfair is not a magic place, but in sports like soccer, tennis, golf, horse racing, it is very liquid and can probably fill your "winning system" requirements.

  10. #10

    Default

    no such thing as a winning system bud

    we all lose a little more than half our bets

Top