Announcement

Collapse
No announcement yet.

Goodbye betfair, hello betdaq

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • The Mole
    replied
    Actually, Smarkets are OK. I have used them quite a lot in the last couple of months. On the plus side 1% commission and no premium charge, decent customer support (the owners often post on some of the gambling forums, answering question etc) and prices are usually the same as Betfair.

    On the negative side, they dont have anything like the number of Markets that Betfair cover, paticually the US markets like Baseball, basket ball and Ice Hockey, but they are adding new markets all the time. Most of the Liquidity is provided by a 3rd party market maker. I found the laying side of things confusing at first, as you are laying liability, not stake, but you get used to it.

    No use at all really for trading, as you cant use the Toy, but excellent for arbing, and match betting, the difference between 5% and 1%, is the difference between a profitable arb and no arb at all.


    If you are going to use Smarkets, just remember deposit and withdraw via DEBIT CARD, all other methods involve a charge of around 2%. All in all they are a usefull 2nd string to your bow, after Betfair

    Leave a comment:


  • The only OnE
    replied
    today they have proved once again that they aren't the best.

    market suspended time and again in russian game, I backed under 2.5 and it was 0-2 in 84 min so wanted to lay it off cuz of late goal, it was suspended for 2 or 3 minutes and at the same ref gave red card and penalty..

    Can't beleive it tbh, they are thieves.

    Leave a comment:


  • LuckyYou
    replied
    Originally posted by suzalli View Post
    That's because I am on a BT broadband line. I have PMed you my phone number so if you care to confirm that I am nothing more than a private punter, you can do so by obtaining my details on the phone!
    Don't worry. If they are so good as you write, soon all of us will hear about them. If they aren't - well we will have to wait For now I am on the others side. At least I know them for some time

    Leave a comment:


  • suzalli
    replied
    Originally posted by The Geek View Post
    And purely a coincidence that his IP just happens to be in the same city in the world as the Smarties office.
    That's because I am on a BT broadband line. I have PMed you my phone number so if you care to confirm that I am nothing more than a private punter, you can do so by obtaining my details on the phone!

    Leave a comment:


  • suzalli
    replied
    Haha so funny, Mr Geek. I know it is your site, but why do you modify my post? I did not post about Smarties, and you know that. If it's not allowed to post about Betfair competition on your site, just tell me and I won't do it.

    Very disappointed you seem to have just sided with Betfair, without even considering that others might also have a viable solution. OK, Smarkets may go under. But so might Betfair - - have you seen their latest share price? Betfair care a damn about their customers, and eventually that will come home to roost them (I have been paying them tens of thouands of commission for many years, so I feel qualified to comment on how they treat their customers). Smarkets might become a viable competitor to Betfair - and then it will be good to be on their side with the GeeksToy. But I seem to be wasting my breath here, so good bye!

    Leave a comment:


  • The Geek
    replied
    Originally posted by Millionaire Fund View Post
    A glowing review from a first time poster, ummmm.

    Or maybe because you work for them
    And purely a coincidence that his IP just happens to be in the same city in the world as the Smarties office.

    Leave a comment:


  • 1/4 of a millionaire fund
    replied
    A glowing review from a first time poster, ummmm.

    Originally posted by suzalli View Post
    Don't know why I feel a lot more positive about Smarties - may be it's because they seem to actually care a damn about their customers.
    Or maybe because you work for them

    Smarties' just seem to have an inhouse bot mirroring betfair's prices to a set liability, when Betfair went down recently all their prices disappeared

    Don't think there's any real money there at all. The interface is crap , you haven't a clue about reduction prices etc They'll need to make some inroads into the markets soon as that $1million won't last long with the amount of staff they seem to have.

    Leave a comment:


  • rockaren
    replied
    Sorry, websites producing pages like this one are nothing for me...LOL

    Leave a comment:


  • suzalli
    replied
    Smarties

    Anyone had a look at Smarties? Its still in startup mode, but they just raised another $1m venture capital, and their liquidity is way better than Betfair's. Plus, they offer 1% commission until the end of the year (think you have to be a member of another gambling forum to get that, but worth asking them, anyway).

    I have moved literally all my business to Smarties now - - even though they still have teething problems, and some markets are still missing. But the low comm and the superb liquidity more than make up for those shortfalls. Their prices are pretty much the same as Betfair's - - so you have to keep an eye on Betfair prices because if that £47 lay money at Betfair disappears, the £20K at Smarkets will move quite promptly, too!

    First time that I am really confident that there is hope for REAL Betfair competition. I have tried them all - - Betdaq/Betmate, iBetx etc. Don't know why I feel a lot more positive about Smarties - may be it's because they seem to actually care a damn about their customers.

    A version of the Geeks Toy with Smarties could be heaven!

    Leave a comment:


  • LuckyYou
    replied
    Sooner or later another exchange will bring competition here. The question is when

    Leave a comment:


  • beijingkev
    replied
    same thing

    hello same thing happen to me as rod.
    about 5 years ago i backed a horse for 1000 pounds at 4.30.
    then layed it 1 min later for 1000 at 4.00.
    next day it showed as layed for 4.30 not 4.00
    but i had green on screen to show it
    it went through ok i saw it there as matched.
    horse won fine but lay bet just disappeared from the records.and showed 4.30 instead
    when i rang up they said no record no bet.
    so has anybody else had this happen?
    good luck
    betfair has changed so much not for the better sad to say

    Leave a comment:


  • Paolo
    replied
    Originally posted by Punk Rock Warlord View Post
    Paolo you pay commission on NET winnings on an event, if you back and lay on different exchanges you will pay the full commission on total winnings and will pay much more. If you for example won £100 on a back and lost £90 on lay you would pay commission on £10 if at same exchange but commission on £100 if at different exchanges.
    I know. I make it just for lowing comission, there you can fastly make your comission =2% on all markets.
    Look how is simply to make your comission =2%
    This sums is your stake sums. that is if you make arbs lay-back 50 000 per week, then you will pay 2% from next week. Simple system. And don't forget count profit with comission.

    Leave a comment:


  • Punk Rock Warlord
    replied
    Paolo you pay commission on NET winnings on an event, if you back and lay on different exchanges you will pay the full commission on total winnings and will pay much more. If you for example won £100 on a back and lost £90 on lay you would pay commission on £10 if at same exchange but commission on £100 if at different exchanges.

    Leave a comment:


  • Paolo
    replied
    Originally posted by Temujin View Post
    Looking to expand my operations, so just opened up an account and threw 50 pounds in there just to see if I can start it small. Goal here, is to not have to deposit again, and not have to withdraw. This will be a sideshow as to my main income streams...
    btw I asked support of Betdaq and 2x2bet, and they told me that I may open accounts on both sites and to play on 1 market in the same time. So I can back on Betdaq and lay on 2x2bet on the same market. But you will pay comission 2-2,5%. It is just for lowing comission.
    Differnce is that Betdaq doesn't accept Webmoney, 2x2bet accepts Webmoney.

    Leave a comment:


  • Temujin
    replied
    Looking to expand my operations, so just opened up an account and threw 50 pounds in there just to see if I can start it small. Goal here, is to not have to deposit again, and not have to withdraw. This will be a sideshow as to my main income streams...

    Leave a comment:

Working...
X