[blix177]

Just Seeded Ten/Bama. Game $1200 per side each time, 10 min before the game. Win 18 if Ten win/ Win 12 if Bama win. Each $4 bucks on commission. Took 10 min

[blix177]

BTW some of you would say too much effort to little return. But I don't make $60 an hour, so it is ok for me =)

[xyz]

My only concern for you is the market moves faster than you can change your bids on MB. Good luck with it.

[Fishhead]

Originally Posted by blix177

BTW some of you would say too much effort to little return. But I don't make $60 an hour, so it is ok for me =)

blix........most here will never understand the concept.

[lnpd2010]

Great maneuver!

[tofuman]

what's seeding?
or can anyone post a link that explains it?
google couldn't find much..

[bookie]

Originally Posted by tofuman

what's seeding?

That's when you put up offers on both sides of a game at a betting exchange like Matchbook so that if they both get matched you have a guaranteed profit.

[andywend]

Just Seeded Ten/Bama. Game $1200 per side each time, 10 min before the game. Win 18 if Ten win/ Win 12 if Bama win. Each $4 bucks on commission. Took 10 min

Blix, you were fortunate that the market didn't move and doing what you did will NOT work out everytime.

ON some occassions, you will grind out that $20 profit. On other occassions, you are going to find yourself getting filled on only the one side with the market moving against your other order.

When that happens, what do you plan to do? Are you going to let the $1,200 bet ride at odds slightly below the current market or will you cover and take a loss on the game before it starts?

I believe doing this will result in long-term losses.

[sportscash]

Originally Posted by andywend

Blix, you were fortunate that the market didn't move and doing what you did will NOT work out everytime.

ON some occassions, you will grind out that $20 profit. On other occassions, you are going to find yourself getting filled on only the one side with the market moving against your other order.

When that happens, what do you plan to do? Are you going to let the $1,200 bet ride at odds slightly below the current market or will you cover and take a loss on the game before it starts?

I believe doing this will result in long-term losses.

Me too Markets can move a long way in just seconds.

[storm70]

It don't work everytime, Good Luck

[patswin]

Originally Posted by andywend

Blix, you were fortunate that the market didn't move and doing what you did will NOT work out everytime.

ON some occassions, you will grind out that $20 profit. On other occassions, you are going to find yourself getting filled on only the one side with the market moving against your other order.

When that happens, what do you plan to do? Are you going to let the $1,200 bet ride at odds slightly below the current market or will you cover and take a loss on the game before it starts?

I believe doing this will result in long-term losses.

Agree also, have had this happen to me too many times to mention. Not worth the risk. You are swimming with the sharks at matchbook when you make offers

[durito]

are you using the api fishhead?

[JoshW]

One price move based on good late information and all your profits for dozens of "successful" seeding is gone. Good luck to you, but know the risks.

[blix177]

Originally Posted by andywend

Blix, you were fortunate that the market didn't move and doing what you did will NOT work out everytime.

ON some occassions, you will grind out that $20 profit. On other occassions, you are going to find yourself getting filled on only the one side with the market moving against your other order.

When that happens, what do you plan to do? Are you going to let the $1,200 bet ride at odds slightly below the current market or will you cover and take a loss on the game before it starts?

I believe doing this will result in long-term losses.

I don't ride the whole $1200 out, what I do is I post $300 on either side of the line, someone takes $300 I off set it by putting $600 on the other side, someone takes up all $600, I put up another $600 on the first side. I keep repeating this process.

So my max exposure at anytime is $300. And if I get caught with fast moving line, i just let it ride out the game. Hell I started out gambling with -EV on -110 line all the time. At least this let me gamble with +EV. And I guess it doesn't work well if your a good capper, and have a strong sense of which team is going to cover, but I don't know the first thing about sports, beside that people bet on them.

Side Note: "I don't know the first thing about sports"; but I end up winning the 128 contest and a few other contest, so I am assuming most people don't know anything about capping either

[hhsilver]

I found that what you do is a lot more difficult with the commission rules they put in last March. Before that you had a much better chance of getting your offer matched for reasons other than line moves. ( Doing it only as game time approaches gives you a better chance )

[TomG]

Originally Posted by blix177

I don't ride the whole $1200 out, what I do is I post $300 on either side of the line, someone takes $300 I off set it by putting $600 on the other side, someone takes up all $600, I put up another $600 on the first side. I keep repeating this process.

I like this strategy. People sometimes complain about Matchbook's lack of liquidity. I wish you many of these successful trades to compensate you for the liquidity you provide.

[Santo]

Originally Posted by hhsilver

I found that what you do is a lot more difficult with the commission rules they put in last March. Before that you had a much better chance of getting your offer matched for reasons other than line moves. ( Doing it only as game time approaches gives you a better chance )

Correct. Under the old system your commission would have been $0.32, which was the difference between me playing a lot there and not being funded currently.

[blix177]

Originally Posted by Santo

Correct. Under the old system your commission would have been $0.32, which was the difference between me playing a lot there and not being funded currently.

I understand the commission structure went south... (even though I didn't start till after the new commission structure). But why would you stop funding there, when it is still the best line around.

[hhsilver]

Blix --- if you didn't play there before the change in comm last March then you can't imagine how significant the difference is. I believe they lost a lot of players ( like Santo above ) or had players change strategy (like me) and, as a result , play a lot less.

[Santo]

Originally Posted by blix177

I understand the commission structure went south... (even though I didn't start till after the new commission structure). But why would you stop funding there, when it is still the best line around.

Because I had to change my focus, which now involves far less US sport, and more tennis, golf, rugby etc.. WHat US sport I still do I have to do at places that I have funds, which are places that also offer the other sports with decent lines/limits.

When you include the value of promotions (free half point) and use RJ outs, it's often possible to beat individual matchbook lines anyhow (if not the tightness of the spread).

I gave MB a little straight (i.e. not trading/market-making) action during NCAA Football season, and may re-evaluate them at the start of baseball, but I certainly see no need to have them funded this time of year.

[blix177]

I think matchbook will be the cheapest SuperBowl line. But I do agree with the tennis and other sport Matchbook odds are crap. Need someone to at least seed other books spread on those items.