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Sports Betting

Transcript of chat with Matchbook Wednesday Sept 14 2005

Below is a transcript of the chat hosted by MajorWager with Matchbook Wednesday Sept 14 2005. It is becoming quite clear that the exchanges will be making a surge in the US market over the next year. WE suggest that you make yourself familiar with this style of play and use it to your advantage. There are many situations where you will have much better value using an exchange as opposed to betting into a point spread.

Russ Hawkins

chatmaster (Sep 14, 2005 9:07:43 PM)
first up is chucky...stevo on deck fire away chucky

ChuckyTheGoat (Sep 14, 2005 9:07:50 PM)
ok

chatmaster (Sep 14, 2005 9:07:57 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

ChuckyTheGoat (Sep 14, 2005 9:08:01 PM)
Match, I started playing there, I like it

ChuckyTheGoat (Sep 14, 2005 9:08:13 PM)
but why are the straddles not closer to zero?

ChuckyTheGoat (Sep 14, 2005 9:08:23 PM)
# of players not that huge right now?

matchbook (Sep 14, 2005 9:08:28 PM)
You're referring to market width?

ChuckyTheGoat (Sep 14, 2005 9:08:37 PM)
yes, sir

ChuckyTheGoat (Sep 14, 2005 9:08:48 PM)
like +100 vs -111

ChuckyTheGoat (Sep 14, 2005 9:08:54 PM)
would have expected that diff

matchbook (Sep 14, 2005 9:08:57 PM)
Baseball has been four cents wide since pretty early in the season, as a baseline; and tonight, of the 13 games, i think we got down to two cents on five of them.

ChuckyTheGoat (Sep 14, 2005 9:09:03 PM)
to be more like 3 cents instead of 11

ChuckyTheGoat (Sep 14, 2005 9:09:13 PM)
ok, cool

matchbook (Sep 14, 2005 9:09:21 PM)
which puts us in pretty good shape for our second quarter of operations, we think

matchbook (Sep 14, 2005 9:09:46 PM)
with any new exchange, the tricky bit is the first two stages: getting good basic markets up on the screen, so that people know they can get down

chatmaster (Sep 14, 2005 9:09:47 PM)
any follow up chucky?

chatmaster (Sep 14, 2005 9:09:57 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:09:59 PM)
and then, getting the best prices up on the screen.

ChuckyTheGoat (Sep 14, 2005 9:10:10 PM)
so you expect the straddle to keep decreasing?

matchbook (Sep 14, 2005 9:10:15 PM)
we're pretty much to that point now - and are working on getting to the zero-width, and then to building size

ChuckyTheGoat (Sep 14, 2005 9:10:21 PM)
cool

matchbook (Sep 14, 2005 9:10:35 PM)
that's right. our best guess is that 5K customers should support zero width

matchbook (Sep 14, 2005 9:10:55 PM)
we'd like to be there by mid-football season

chatmaster (Sep 14, 2005 9:11:18 PM)
stevo your up hg on deck

stevo (Sep 14, 2005 9:11:21 PM)
Will you be having more live action games. I just started with you guys 2 weeks ago and have definately found value on games but was just wondering if you planned more interactive type stuff.

chatmaster (Sep 14, 2005 9:11:30 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:11:51 PM)
good question. absolutely. live markets are probably where exchanges have the greatest ability to deliver.

matchbook (Sep 14, 2005 9:12:29 PM)
we're doing a couple of things, this week and next, to get them rolling, including bridging over wsex interactive markets, to provide basic depth and size....

stevo (Sep 14, 2005 9:12:34 PM)
Looking forward to that, thanks!!

chatmaster (Sep 14, 2005 9:12:42 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:12:45 PM)
...and bringing in some new dedicated traders to keep things very narrow...

matchbook (Sep 14, 2005 9:13:08 PM)
hope that helps. we'd like to be five cents wide for live NFL.

chatmaster (Sep 14, 2005 9:13:22 PM)
hg youre up georgie on deck :)

chatmaster (Sep 14, 2005 9:13:37 PM)
lots of shy people out there tonite

george_d (Sep 14, 2005 9:14:04 PM)
I'm shy, just shy of 12 inches:)

hockeyguru (Sep 14, 2005 9:14:26 PM)
Hello Tom- I've been using your site for awhile and I like it quite a bit. Are you the market maker for the props (4 mlb games/day) or does soemone else put them up? How would I go about offering the same props on the other 11 games?

matchbook (Sep 14, 2005 9:15:06 PM)
get in touch. we're always on the lookout for new talent, especially on props, futures and other markets.

matchbook (Sep 14, 2005 9:15:12 PM)
tramsey@matchbook.com

hockeyguru (Sep 14, 2005 9:15:25 PM)
are you the MM for the 4 games currently offered?

matchbook (Sep 14, 2005 9:15:29 PM)
definitely not.

matchbook (Sep 14, 2005 9:15:34 PM)
that would make things too easy.

hockeyguru (Sep 14, 2005 9:15:47 PM)
same games as wsex- same props so I thought

matchbook (Sep 14, 2005 9:15:57 PM)
another client is doing them - also supplies baseball props to wsex.

hockeyguru (Sep 14, 2005 9:16:04 PM)
okay

hockeyguru (Sep 14, 2005 9:16:23 PM)
I'd be interested in putting up some player props and teaam props for the sunday and monday night games as well (nfl)

hockeyguru (Sep 14, 2005 9:16:34 PM)
I'll email you

stevo (Sep 14, 2005 9:16:45 PM)
I wil be emailing you also Tom

stevo (Sep 14, 2005 9:16:46 PM)
thanks

matchbook (Sep 14, 2005 9:16:59 PM)
props should be an excellent exchange market - because they're the type of product where good pricing can be difficult to get... so most books don't have a great commitment to the category.

chatmaster (Sep 14, 2005 9:16:59 PM)
george your up my friend

george_d (Sep 14, 2005 9:17:01 PM)
Tommy, why don't you put different point spreads up instead of using the same point spread with different prices? Sometimes when I look at Matchbook for a Sat NCAA football game, the number is listed might be at -117 or sometimes as high as -145. It forces you to BUY points when you don't want to.(Wow, I type fast!)

matchbook (Sep 14, 2005 9:17:04 PM)
same thing applies with futures.

chatmaster (Sep 14, 2005 9:17:24 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:18:05 PM)
with the ncaa rotation, right now we're building liquidity by focusing on a core 14-20 games per week. with those games, we should always have an alt-line with the current pointspread number ( in addition to whatever the opening number was).

cash (Sep 14, 2005 9:18:39 PM)
yo

matchbook (Sep 14, 2005 9:18:44 PM)
with lower-profile games on the rotation, we've been less focused on getting up alt lines immediately, since we haven't been pressing our MMs to support those games.

george_d (Sep 14, 2005 9:18:55 PM)
I haven't seen it, maybe I missed it. It seems like the opening line is old and doesn't move, just the prices.

matchbook (Sep 14, 2005 9:19:00 PM)
some of our MMs are european-based, and the american sports thing is a little new to them.

matchbook (Sep 14, 2005 9:19:19 PM)
i could check - but i know we loaded over 20 alt lines for college football last weekend.

george_d (Sep 14, 2005 9:19:44 PM)
OK, maybe I did miss it. I was betting on obscure games too.

chatmaster (Sep 14, 2005 9:19:52 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

ChuckyTheGoat (Sep 14, 2005 9:20:02 PM)
Does match ever cancel or pause action, in the case of change in venue or major injury news?

matchbook (Sep 14, 2005 9:20:06 PM)
i'll tell the operations team to keep a particularly close eye on line moves - but the general rule should be that if the midpoint of the moneyline is > -120, there should be an altline.

ChuckyTheGoat (Sep 14, 2005 9:20:26 PM)
there were good alt lines on the MNF game

george_d (Sep 14, 2005 9:21:00 PM)
Did you cover this with Chuck but are there any directions on how WE become the MM?

matchbook (Sep 14, 2005 9:21:23 PM)
the rules for most sports markets are quite similar to vegas/offshore rules on change of venue, say.

ChuckyTheGoat (Sep 14, 2005 9:21:33 PM)
ok

ChuckyTheGoat (Sep 14, 2005 9:21:51 PM)
but you would cancel pending bids?

matchbook (Sep 14, 2005 9:21:55 PM)
so while we wouldn't pause action immediately, open offers would be protected since the market would be emptied and reopened.

ChuckyTheGoat (Sep 14, 2005 9:22:01 PM)
like in the Arz St vs LSU game?

ChuckyTheGoat (Sep 14, 2005 9:22:10 PM)
ok, cool

matchbook (Sep 14, 2005 9:22:23 PM)
i'd have to check when that was loaded, but you've got the general concept. exactly.

matchbook (Sep 14, 2005 9:22:44 PM)
the goal is to limit risk exposure for open offers in such cases, for obvious reasons.

chatmaster (Sep 14, 2005 9:23:06 PM)
minnow your up

Minnow (Sep 14, 2005 9:23:12 PM)
I am just relaying TA's message here: "I probably will not be able to attend, can someone ask him why they are not on free tipex anymore?"

chatmaster (Sep 14, 2005 9:23:12 PM)
yzerman on deck

chatmaster (Sep 14, 2005 9:23:14 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:23:24 PM)
just a sec - let me just hit the question on becomign the MM

matchbook (Sep 14, 2005 9:23:54 PM)
matchbook has a built-in feature, called "market-maker" that enables any client to submit two-way offers directly into the market.

matchbook (Sep 14, 2005 9:24:17 PM)
all you need to do is enter a fair value, and a desired vig. MM then calcuates the appropriate straddle.

george_d (Sep 14, 2005 9:24:27 PM)
2 way offers so they can try to take equal action?

matchbook (Sep 14, 2005 9:24:49 PM)
it's particularly useful for live games, futures markets and any other scenario where you've got a good number, but no strong lean.

matchbook (Sep 14, 2005 9:25:13 PM)
sure, that'd be one possible use.

matchbook (Sep 14, 2005 9:25:46 PM)
for live games, it just opens things up so that instead of one main market-maker, a la WSEX, you've potentially got a few hundred guys all shooting at each other.

matchbook (Sep 14, 2005 9:25:51 PM)
little more dynamic.

george_d (Sep 14, 2005 9:26:05 PM)
Maybe you answered this but do you have a feature that cancels the bet at kickoff on case we cannot ve around to babysit? Trade Betx X depes not have this.

matchbook (Sep 14, 2005 9:26:25 PM)
thanks, george. didn't answer it, but yes we do.

ChuckyTheGoat (Sep 14, 2005 9:26:37 PM)
a few hundred guys all shooting at each other?...that's obscene

george_d (Sep 14, 2005 9:26:45 PM)
Thanks.

matchbook (Sep 14, 2005 9:26:55 PM)
all open offers get cancelled at the scheduled starting time (or slightly after, if we've got TV coverage).

matchbook (Sep 14, 2005 9:27:14 PM)
if the game is going to be available for live trading, the market then reopens.

chatmaster (Sep 14, 2005 9:27:25 PM)
great questions fellas

matchbook (Sep 14, 2005 9:27:26 PM)
we do all the babysitting, in other words.

chatmaster (Sep 14, 2005 9:27:28 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

Minnow (Sep 14, 2005 9:28:07 PM)
should i re-enter my TA question?

chatmaster (Sep 14, 2005 9:28:13 PM)
yes

chatmaster (Sep 14, 2005 9:28:14 PM)
please

Minnow (Sep 14, 2005 9:28:16 PM)
I probably will not be able to attend, can someone ask him why they are not on free tipex anymore

matchbook (Sep 14, 2005 9:28:30 PM)
right. thanks. we actually looked into that this afternoon.

matchbook (Sep 14, 2005 9:28:56 PM)
we're up on a number of live line feeds, but weren't aware that Tipex was quoting us, since they'd never approached us (so far as I know).

matchbook (Sep 14, 2005 9:29:16 PM)
they were just scraping the site, which led to the poor formatting and spotty coverage.

matchbook (Sep 14, 2005 9:29:27 PM)
we got in touch with them, and offered to supply our standard xml feed.

chatmaster (Sep 14, 2005 9:29:53 PM)
yzerman your up son

matchbook (Sep 14, 2005 9:29:57 PM)
with regard to the point about the "good numbers disappearing", it's generally not like that, btw.

chatmaster (Sep 14, 2005 9:30:00 PM)
shiek on deck

chatmaster (Sep 14, 2005 9:30:02 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

Yzerman#19 (Sep 14, 2005 9:30:04 PM)
good evening tom, I was hoping you could elborate on matchbook's relationship with wsex?

matchbook (Sep 14, 2005 9:30:18 PM)
if a number's quoted, someone is usually look to trade it repeatedly. the market just refills.

matchbook (Sep 14, 2005 9:30:21 PM)
sure, glad to.

matchbook (Sep 14, 2005 9:30:35 PM)
the catchphrase around the office is "sibling rivalry" right now

matchbook (Sep 14, 2005 9:31:06 PM)
the matchbook team was fortunate enough to be able to pick haden and steve's brains during design

matchbook (Sep 14, 2005 9:31:24 PM)
and of course, a fair number of leading WSEX players had input into the Matchbook site at one point or another

matchbook (Sep 14, 2005 9:31:32 PM)
so it was a pretty collaborative effort

george_d (Sep 14, 2005 9:31:41 PM)
Do they have the same parent co?

matchbook (Sep 14, 2005 9:32:14 PM)
now that we're up and running, it's a pretty stand-along setup: we do all of our client services out of Ireland, and they're still in Antigua.

matchbook (Sep 14, 2005 9:32:32 PM)
some of the original WSEX investors do have a stake in Matchbook, that's right.

george_d (Sep 14, 2005 9:32:53 PM)
Ireland? Manly, yes, but Steve likes it too.

matchbook (Sep 14, 2005 9:33:05 PM)
remember that the WSEX team came out of a trading/exchange background, so it's a pretty natural fit.

george_d (Sep 14, 2005 9:33:13 PM)
I meant Tom, Sorry Stevo.

chatmaster (Sep 14, 2005 9:33:17 PM)
not nice geo

matchbook (Sep 14, 2005 9:33:28 PM)
"irish spring" is surprisingly hard to find over here, btw.

george_d (Sep 14, 2005 9:33:38 PM)
Just kidding Tom:)

chatmaster (Sep 14, 2005 9:33:43 PM)
shiek you're up

ShiftySheik (Sep 14, 2005 9:33:47 PM)
Any plans to add horse racing? Ehorse had an very good racing exchange until it shut down. Now there is no racing exchange that allows US players.

chatmaster (Sep 14, 2005 9:33:50 PM)
chucky next

matchbook (Sep 14, 2005 9:34:03 PM)
sheik, sharp question.

matchbook (Sep 14, 2005 9:34:22 PM)
as you probably know, racing is a particularly complicated industry... especially these days.

chatmaster (Sep 14, 2005 9:34:42 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:34:56 PM)
it's something we'd certainly like to do, but we'd ideally like to do it in a way that horsemen benefit.

matchbook (Sep 14, 2005 9:35:16 PM)
that's a fairly politicized process.

matchbook (Sep 14, 2005 9:35:34 PM)
right now, we're doing a little limited calendar, such as the major stakes.

matchbook (Sep 14, 2005 9:36:01 PM)
looking down the road, we could certainly see offering markets on tracks that are notably anti-value (e.g., anyone that's shut off rebating).

matchbook (Sep 14, 2005 9:36:48 PM)
in all likelihood, we'll probably try to get the sporting markets clearing at a cent or two wide before taking on any new categories.

matchbook (Sep 14, 2005 9:36:55 PM)
hope that helps?

ShiftySheik (Sep 14, 2005 9:37:05 PM)
thanks

chatmaster (Sep 14, 2005 9:37:09 PM)
chucky youre up

ChuckyTheGoat (Sep 14, 2005 9:37:10 PM)
what about new market offerings?...

ChuckyTheGoat (Sep 14, 2005 9:37:14 PM)
such as

ChuckyTheGoat (Sep 14, 2005 9:37:24 PM)
Coll FB 1-A vs 1-AA matchups

ChuckyTheGoat (Sep 14, 2005 9:37:28 PM)
Asian lines in soccer

ChuckyTheGoat (Sep 14, 2005 9:37:35 PM)
more leagues in soccer

matchbook (Sep 14, 2005 9:37:59 PM)
sure... will take them in reverse order (cause the first one is a little unclear).

ChuckyTheGoat (Sep 14, 2005 9:38:20 PM)
I mean like Texas Tech vs Sam Houston St

matchbook (Sep 14, 2005 9:38:31 PM)
italian, english and spanish leagues going up this week. markets on the champions league matches earlier tonight were pretty strong, we thought.

ChuckyTheGoat (Sep 14, 2005 9:38:39 PM)
ok, cool

ChuckyTheGoat (Sep 14, 2005 9:38:43 PM)
I missed those

matchbook (Sep 14, 2005 9:38:51 PM)
asian lines are easily added once we get a gauge on general soccer interest.

matchbook (Sep 14, 2005 9:39:09 PM)
we're assuming it's always going to be somewhat less than the core american sports - but would be real happy to be wrong.

matchbook (Sep 14, 2005 9:39:24 PM)
with college football, as we noted, we're trying to build market depth from the core games outware.

matchbook (Sep 14, 2005 9:39:27 PM)
*outward.

ChuckyTheGoat (Sep 14, 2005 9:39:35 PM)
one quick follow-up on soccer...

ChuckyTheGoat (Sep 14, 2005 9:39:44 PM)
if a game is listed as +235...

Yzerman#19 (Sep 14, 2005 9:39:49 PM)
chucky is a question hog :)

matchbook (Sep 14, 2005 9:39:51 PM)
once we get the top-20 games at 2-4 cents wide, we'll turn to the lesser Div I games... and so on.

ChuckyTheGoat (Sep 14, 2005 9:39:57 PM)
what does that work-out to be after commision?

ChuckyTheGoat (Sep 14, 2005 9:40:03 PM)
yeah, Yzer

chatmaster (Sep 14, 2005 9:40:11 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:40:21 PM)
easiest rule of thumb for commission is that it works out to one cent at even money.

ChuckyTheGoat (Sep 14, 2005 9:40:28 PM)
ok, cool

matchbook (Sep 14, 2005 9:40:34 PM)
so at +235, i'd assume around two cents and change.

chatmaster (Sep 14, 2005 9:40:36 PM)
gc pres your turn

gc_pres (Sep 14, 2005 9:40:39 PM)
do you plan to offer first half lines and individual team over/unders for NFL or is this something one would have to be a MM? thanks.

matchbook (Sep 14, 2005 9:41:09 PM)
er, we already are.

gc_pres (Sep 14, 2005 9:41:20 PM)
my bad, i don't see it.

matchbook (Sep 14, 2005 9:41:25 PM)
last week included 1Hs and totals, for certain.

matchbook (Sep 14, 2005 9:41:52 PM)
team over/unders are a good category: let me have someone take a look and see how much spread there is on the base "to win" numbers

matchbook (Sep 14, 2005 9:42:15 PM)
my gut sense is that it's very hard to get good comparable pricing, which would limit interest after the start of the season.

chatmaster (Sep 14, 2005 9:42:33 PM)
george youre up

chatmaster (Sep 14, 2005 9:42:36 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

george_d (Sep 14, 2005 9:42:37 PM)
C-Master... On many NCAA football games there are no over over under bets or moneyline offers Early in the week. Why, is it just a liquidity thing or is it that the MM's are Europeans?

matchbook (Sep 14, 2005 9:43:44 PM)
if you look at the DB screen today, how many games have totals and moneylines listed by the main books?

george_d (Sep 14, 2005 9:44:05 PM)
Dunno

matchbook (Sep 14, 2005 9:44:05 PM)
for NCAA, i mean. i was told it was under 20... and that's the "core group" of games i was referring to earlier.

george_d (Sep 14, 2005 9:44:21 PM)
Do you have them for the core group?

matchbook (Sep 14, 2005 9:44:49 PM)
exactly. that's the idea of the core group for NCAA.

george_d (Sep 14, 2005 9:45:05 PM)
Ok. Groovy.

matchbook (Sep 14, 2005 9:45:10 PM)
if they're not offered anywhere else, at least in a widespread sense, it becomes extremely difficult to build a market.

ShiftySheik (Sep 14, 2005 9:45:16 PM)
the greek has a total on every ncaa game.

matchbook (Sep 14, 2005 9:45:41 PM)
if there's already a market in place, though, we're totally committed to trying to get to "-101" by "-101" pricing

ChuckyTheGoat (Sep 14, 2005 9:45:55 PM)
nice, matchbook

chatmaster (Sep 14, 2005 9:45:58 PM)
yzerman up picksix on deck

george_d (Sep 14, 2005 9:45:58 PM)
The greek also has moneyline games on all games -15 and under.

matchbook (Sep 14, 2005 9:46:05 PM)
thanks, sheik. we'll take that under advisement.

Yzerman#19 (Sep 14, 2005 9:46:32 PM)
2 part question.. I'm wondering why do you think exchanges have been slow to catch on in north america...and where do u see the future competing against reduced vig shops such as pinny?

matchbook (Sep 14, 2005 9:46:52 PM)
we're still feeling our way around w/NCAA right now, and will certainly get more aggressive if we see good markets out there.

matchbook (Sep 14, 2005 9:46:59 PM)
darned good question.

matchbook (Sep 14, 2005 9:47:39 PM)
"slow to catch on" is a little hard to quantify, since most of the early exchange efforts were licensing deals that got done with existing books.

matchbook (Sep 14, 2005 9:48:09 PM)
the books threw up a link to the exchange, waited to see what would happen... and when nothing did, they lost interest. (and often, breathed a little sigh of relief.)

matchbook (Sep 14, 2005 9:48:38 PM)
there's no question the european market has led the US market w/the exchange thing...

matchbook (Sep 14, 2005 9:49:31 PM)
..probably for two reasons: the main european books were less price-competitive than the main US books; and there's a somewhat freer advertising/regulatory climate over there, which made it a little easier to get the story out.

george_d (Sep 14, 2005 9:49:47 PM)
George barging in again, sorry. I saw a special on how EBAY was made. The guy wrote the software for it because he wanted efficient markets in the marketplace. I think exchanges will be the most effecient way of marketing a game's bets. Why shouldn't I be able to offer you the Cowboys at -101 if I thought the cowboys were going to cover? Look at Betfair. The proof is in the pudding.

matchbook (Sep 14, 2005 9:50:40 PM)
in europe or the US, it takes an exchange that gets meaningful traction - and really good pricing - before the exchange story can really start to fly.

matchbook (Sep 14, 2005 9:51:03 PM)
in europe, betfair managed to do that.... in the US, the race is still wide open.

matchbook (Sep 14, 2005 9:51:08 PM)
we like our position quite a bit, though.

hockeyguru (Sep 14, 2005 9:51:18 PM)
why is wang chung still pitching?

matchbook (Sep 14, 2005 9:51:32 PM)
with respect to teh reduced-juice shops, there's definitely a race right now from -105 or so, down to -101.

Yzerman#19 (Sep 14, 2005 9:52:07 PM)
sorry about connecticut HG.. I still know they are the better team..

matchbook (Sep 14, 2005 9:52:15 PM)
it's not difficult to picture an exchange getting there; it's extremely difficult for me to picture a reduced-juice book getting there, just because the risk management gets very challenging.

ChuckyTheGoat (Sep 14, 2005 9:52:20 PM)
nice, matchbook

ChuckyTheGoat (Sep 14, 2005 9:52:26 PM)
heavy juice is for the birds

Yzerman#19 (Sep 14, 2005 9:52:30 PM)
very nice matchbook

matchbook (Sep 14, 2005 9:52:49 PM)
thanks. we're the biggest believers in reduced juice around...

george_d (Sep 14, 2005 9:53:00 PM)
You're right. Pinny is flying because of the reduced vig and high limits. If an exchange had that, they would be flying too. I hope MB is successful and it would benefit all of us.

matchbook (Sep 14, 2005 9:53:14 PM)
..we believe there's a lot more money sidelined right now because of juice, than their is money in action.

hockeyguru (Sep 14, 2005 9:53:36 PM)
okay yzer- got the under so just lost some juice

matchbook (Sep 14, 2005 9:53:58 PM)
anyone that's traded the european markets, where markets equal to -101 by -101 and $50K either side, knows how incredible a final-stage exchange can be

matchbook (Sep 14, 2005 9:54:34 PM)
we like to think that -102 by -102 and $1K to $2K either side is already the best single stop out there, for 95% of players... but we've got more to do.

george_d (Sep 14, 2005 9:55:01 PM)
The xchange owned by the cigarette dude has -104 and is getting close to that.

chatmaster (Sep 14, 2005 9:55:41 PM)
pick6 your up

chatmaster (Sep 14, 2005 9:55:46 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:55:51 PM)
right. mansion is structured along a somewhat different model.

picksix (Sep 14, 2005 9:55:58 PM)
Hi....Just curious what % of your action is player vs player or player vs Matchbook...Also, Do you offer any special deals for big players willing to be very active (And are you available for quick lessons on how to best get around the site?)...Thanks..p.s...I love your Future Prices...Almost always find value there....Good Luck

matchbook (Sep 14, 2005 9:56:00 PM)
though the model does seem to change a bit over time.

matchbook (Sep 14, 2005 9:56:34 PM)
good questions. we've got two categories of action: player vs player; and player vs MM.

matchbook (Sep 14, 2005 9:56:57 PM)
where an MM is someone we've got some sort of structured deal with.

matchbook (Sep 14, 2005 9:57:38 PM)
i'd have to get some new figures run to give you a fairly exact number, but just glancing at the screen, i'd say it's moving down toward 50-50%

matchbook (Sep 14, 2005 9:58:00 PM)
where initially, player vs MM was the majority category by some amount.

matchbook (Sep 14, 2005 9:58:34 PM)
with regard to the second part of P6's question, yes. that's what "structured deal" works out to, pretty much.

matchbook (Sep 14, 2005 9:58:58 PM)
definitely get in touch - we'd be happy to discuss some possibilities.

picksix (Sep 14, 2005 9:59:24 PM)
Thanks for coming in here...GL

chatmaster (Sep 14, 2005 9:59:33 PM)
shiek your up

ShiftySheik (Sep 14, 2005 9:59:35 PM)
I've enjoyed your golf markets...just one suggestion...you could do a better job adding longshot runners to the field as they come into contention. At times I've seen the tournament leader not listed. Just check the leaderboard during and after each round.

chatmaster (Sep 14, 2005 9:59:45 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

matchbook (Sep 14, 2005 9:59:56 PM)
i'd like to just throw in a quick general pitch for our future markets: baseball divisionals have been around 97-103%, and the pennant races are equally tight right now.

matchbook (Sep 14, 2005 10:00:24 PM)
day after day, i think we've got much the best value out there - and since all the markets are two-way, hedging against other prices out there is easily done.

chatmaster (Sep 14, 2005 10:00:58 PM)
If you have a question for our guest, please send me a PM, and I will announce you in turn. Thanks.

chatmaster (Sep 14, 2005 10:01:16 PM)
chucky you're up

ChuckyTheGoat (Sep 14, 2005 10:01:20 PM)
is there a way to make a bid, with a time limit?

ChuckyTheGoat (Sep 14, 2005 10:01:31 PM)
like if you wanted Fla St -1.5 (+100)

ChuckyTheGoat (Sep 14, 2005 10:01:38 PM)
but a 24-hour time limit

matchbook (Sep 14, 2005 10:01:41 PM)
a time limit that comes up before game time?

ChuckyTheGoat (Sep 14, 2005 10:01:42 PM)
possible?

ChuckyTheGoat (Sep 14, 2005 10:01:50 PM)
yes

ChuckyTheGoat (Sep 14, 2005 10:02:07 PM)
in other words, a short-term bid

george_d (Sep 14, 2005 10:02:10 PM)
good until kickoff

ChuckyTheGoat (Sep 14, 2005 10:02:16 PM)
cancelled after xx hours

matchbook (Sep 14, 2005 10:02:19 PM)
easily programmed, but not included in the initial Matchbook release. We wanted to see how much offer-based activity we were getting from the basic package, before adding extra features.

ChuckyTheGoat (Sep 14, 2005 10:02:32 PM)
ok

matchbook (Sep 14, 2005 10:02:35 PM)
the concern was not to make things TOO complex at first

ChuckyTheGoat (Sep 14, 2005 10:02:40 PM)
right

ChuckyTheGoat (Sep 14, 2005 10:02:48 PM)
just saying what looks good now

ChuckyTheGoat (Sep 14, 2005 10:02:54 PM)
might not look good in 2 days

matchbook (Sep 14, 2005 10:02:55 PM)
right now, cancellation would come at kickoff, or any time before if you cancel manually.

ChuckyTheGoat (Sep 14, 2005 10:03:03 PM)
yeah

chatmaster (Sep 14, 2005 10:03:09 PM)
i have a question for tom...with your menu of college football games, you list the games in groups...any way to list all on one screen?

ChuckyTheGoat (Sep 14, 2005 10:03:22 PM)
Zito bombed

matchbook (Sep 14, 2005 10:04:01 PM)
good question. that's probably the one case where we underestimated how much information people want to see at one time, during design.

chatmaster (Sep 14, 2005 10:04:31 PM)
people often complain about pinny having 3 pages of games...much easier if all on one screen

matchbook (Sep 14, 2005 10:04:35 PM)
at the time we were building it, most exchanges in Europe made it impossible to see more than one game at a time, so we thought we were being quite advanced with the coupon format.

ChuckyTheGoat (Sep 14, 2005 10:04:47 PM)
Pinny goes to one page, tho,

ChuckyTheGoat (Sep 14, 2005 10:04:55 PM)
if you hit auto update

chatmaster (Sep 14, 2005 10:05:01 PM)
ty

george_d (Sep 14, 2005 10:05:34 PM)
Chuck I just learned something new. Thanks.

matchbook (Sep 14, 2005 10:05:38 PM)
the other constraint is loading time - since the system has to load all open offers and matched bets for all the markets displayed, we were trying to strike a balance between info display and nimbleness of response.

chatmaster (Sep 14, 2005 10:05:39 PM)
anybody else have a question for our guest?

george_d (Sep 14, 2005 10:05:58 PM)
What time is it in Ireland???

ChuckyTheGoat (Sep 14, 2005 10:06:12 PM)
no prob, Dago

matchbook (Sep 14, 2005 10:06:13 PM)
hope that's not too technical... we'll probably crank up the functionality in the next release.

matchbook (Sep 14, 2005 10:06:16 PM)
it is 0310.

george_d (Sep 14, 2005 10:06:26 PM)
Go back to bed:)

cash (Sep 14, 2005 10:06:28 PM)
Is snooker ever wagered on?

chatmaster (Sep 14, 2005 10:06:50 PM)
going once...

chatmaster (Sep 14, 2005 10:06:56 PM)
last call....for questions...

matchbook (Sep 14, 2005 10:07:08 PM)
it comes under the category of "sports that are enormous in europe and ignored in the US".. right next to cricket.

george_d (Sep 14, 2005 10:07:26 PM)
Thanks, MB.

chatmaster (Sep 14, 2005 10:07:40 PM)
i just want to announce next weeks guest

The_Major (Sep 14, 2005 10:07:43 PM)
thanks MB, great chat and it will be posted tomorrow morning

matchbook (Sep 14, 2005 10:07:55 PM)
gentlemen (and ladies) - thanks much for the sharp questions. we've had great support from the MW crew already, and look forward to more down the road.

matchbook (Sep 14, 2005 10:08:01 PM)
all the best from ireland, and from Matchbook.

chatmaster (Sep 14, 2005 10:08:12 PM)
next wednesday night...9PM eastern a night of fight talk and boxing with noneother then........

chatmaster (Sep 14, 2005 10:08:25 PM)
joey bagels from betoddessa



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