Matchbook Experiment: Day 2

[ParanoidAndroid]

The most important note from yesterday is that I have to be more careful and cautious with my typing. I made a fat-finger error that caused me to be temporarily heavy on one side of a game. Since I'm not doing this full-time, I have other items going on at the same time, which is not always good. So, going forward, I need to pay more attention to the items on the board and careful while typing.

Getting bets matched was not a problem yesterday, in fact I only had a couple of games that didn't get matched, so I had to cancel them and stick with the original plan.

TOTAL GAMES WATCHED: 0

DAILY RESULT: Up almost 4 units yesterday

[Bucky]

Nice going PA. The one thing about an exchange like Matchbook is the commission is on the net only. Mansion for example - the offers have the commission on each bet taken.

On top of that, the money frees up again once a bet is covered. In a way the games you get balanced naturally give you a few extra bucks to reduce your net cost or in essence promote your odds on the ones you don't. That's the beauty of being a bookmaker/matchmaker LOL.

No dreaded middles to worry about in baseball - I guess the total could change a hook.

Have you been doing anything special at post time? Covering anything that will break even or only lose a couple cents?

[ParanoidAndroid]

<div class="FTQUOTE"><begin quote>Originally posted by: Bucky
Nice going PA. The one thing about an exchange like Matchbook is the commission is on the net only. Mansion for example - the offers have the commission on each bet taken.
</end quote></div>

Yup - either way, I think that it's significantly cheaper than running your own local shop. Even if I could run a shop for $100/month, that would mean that my total profit on MB would be $5000 for the break-even point. So, really, I'm more than happy to pay 2%


<div class="FTQUOTE"><begin quote>Originally posted by: Bucky
No dreaded middles to worry about in baseball - I guess the total could change a hook.

Have you been doing anything special at post time? Covering anything that will break even or only lose a couple cents?</end quote></div>

The middles are definitely something that I have yet to figure out. So, yes, that's exactly why I only do o/u - the most I'm off by is a hook. Even then, if the action is balanced on both sides of the bad total, my risk exposure is minimal - a few dollars at most since the two matches cancel each other out.

As for post time, I have let myself be on one side of a game, but only rarely. That's only the case because I'm doing this part-time and don't really have all the available time to lay-off as I would like. Also, the money comes in REALLY late on games, so I don't want to lay-off something only to have it matched seconds before game time. I'd rather risk the few cents than have to scramble around like a madman at post.