Mansion unveils new exchange - introduces fees

[orbit]

So if I am reading Drunks email from Mansion correctly ... then Mansion is going to offer or "seed" the exchange with their own offers at low juice?

Correct?

O.

 

[Halifax]

Mansion's "new exchange" sucks azz now too. Take a look, it shows the same odds offered on both sides (i.e. +138 and -138). Explain to me how those don't match. I just put in a test for a line that says is offered, but it doesn't match, even though it's still there. Mansion is quickly going down the shitter. I guess it's just a glitch in their new software, but come on.

No kidding. That shittty new software just cost me a few bucks, putting in bets on phantom offers that were no longer there. I had to log out and log back in to see what was really offered.

 

[michael777]

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8.9.2005 (9:42 AM CST) ​

</TD></TR></TBODY></TABLE>SBR Bill Dozer reports: Mansion (SBR rating B) steers players toward "exchange style" sports betting. Players entering the sportsbook today were stunned to see Mansion offering full vig prices. Reduced pricing will now be offered only in the betting exchange as their traditional sportsbook division is phased out. It is likely that exchange-style wagering will be Mansion’s sole betting offering by the NFL regular season.

The exchange functions much like a normal sportsbook except players have the ability to see how much money the book will take at the current odds before the line is moved. Matchbook (SBR rating B-) uses a similar betting interface. Below is the response sent to players who inquired about the changes

 

[Hitman26]

Yeah I got screwed on that -138 Fla offer too. Gonna cost me 25 bucks if Zona wins the game.




Lesson learned is to put in the Mansion side first and make sure it's confirmed.

 

[winbet]

Since starting The Exchange, it has never been mansions intention to carry on a Sportsbook indefinately, what is so hard to understand about that. They see the future in exchanges and the vig in the sportsbook was just a carrot to get people involved with the exchange side. From the start Mansion have been drip feeding the exchange, now all their doing is acknowledging the fact, rather than take it in the Sportsbook they are intergrating it into the exchange, makes sense.

 

[nimue77]

All I know is the guy who called me from mansion said they would be offering -105 juice for the NFL season in the sportsbook. I hope this information was not erroneous!

<TABLE borderColor=#ffffff cellSpacing=0 cellPadding=0 width=0 bgColor=#ffffff border=1><TBODY><TR><TD class=mainbox>

8.9.2005 (9:42 AM CST) ​

</TD></TR></TBODY></TABLE>SBR Bill Dozer reports: Mansion (SBR rating B) steers players toward "exchange style" sports betting. Players entering the sportsbook today were stunned to see Mansion offering full vig prices. Reduced pricing will now be offered only in the betting exchange as their traditional sportsbook division is phased out. It is likely that exchange-style wagering will be Mansion’s sole betting offering by the NFL regular season.

The exchange functions much like a normal sportsbook except players have the ability to see how much money the book will take at the current odds before the line is moved. Matchbook (SBR rating B-) uses a similar betting interface. Below is the response sent to players who inquired about the changes

 

[Hitman26]

I agree Winner. There is still alot of money to be made on the Exchange. So what if Mansion wants 1% for a fee. If I see a scalp at +155 -151(Mansion side) it's really just a +155 -152 scalp now. No big deal! They've gotta make money too.




I've been with Mansion for over a week now, and I've only used the exchange so I guess I don't know what I'm missing on the sportsbook side.

 

[nimue77]

Have you already seen scalps on the new exchange?
I think it would be nice if the interface showed you your win amount - the fee instead of before the fee. Do they charge the 1% if you lose the bet?

I agree Winner. There is still alot of money to be made on the Exchange. So what if Mansion wants 1% for a fee. If I see a scalp at +155 -151(Mansion side) it's really just a +155 -152 scalp now. No big deal! They've gotta make money too.




I've been with Mansion for over a week now, and I've only used the exchange so I guess I don't know what I'm missing on the sportsbook side.

 

[BillDozer]

This exchange is really just a more manageable reduced juice sportsbook. They might have spooked less players if they put this format under "sportsbook" and eventually called it an "exchange-style" sportsbook. If the bugs are worked out and the limits stay the same, sportsbook players will conform to the new style. It still looks to be high limit value wagering.

 

[Hitman26]

They charge 1% of the win side if you accept an offer.


.

 

[nimue77]

So would it work like this...

risk 1,000 on +138 - is really 1000 to win (1380 - 13.80) = 1366.20 ???

They charge 1% of the win side if you accept an offer.


.

 

[Hitman26]

That's the way that I understand it.

 

[D2bets]

So would it work like this...

risk 1,000 on +138 - is really 1000 to win (1380 - 13.80) = 1366.20 ???

Yeah, without calculating it every time, figure rule of thumb that the extra juice when paying the fee is somewhere between 1 and 2 cents. 2 cents to be safe.

 

[nimue77]

So, if you lost the example bet posted above - you'd only lose 1000 and therefore there were no fees?

 

[Halifax]

So, if you lost the example bet posted above - you'd only lose 1000 and therefore there were no fees?

No one knows for sure yet, but from the way it's written in the rules, it looks like you would pay 1% of the Win amount, whether or not the bet wins or loses.

 

[winbet]

you pay1% of your net profit

 

[D2bets]

So, if you lost the example bet posted above - you'd only lose 1000 and therefore there were no fees?

No! I think the fees come out off the top when the wager is placed.

So in your example it's actually 1013.80 to win 1366.20 = +134.76. So the extra juice there is actually over 3 cents. The way it works out, the fees are more onerous when betting on the dog.

Example:
(-150) 1500 to win 1000 becomes 1510 to win 990 = -152.52. Extra juice of 2.52 cents.

So I guess the extra juice is actually more like between 2.5 and 3.5 cents.

Or am I doing this wrong?

 

[D2bets]

The 1% fee doesn't sound like a lot, but it's pretty significant. A stealth fee.

 

[nimue77]

That's not 1%!!! 1500 to win 990 is risking 1% more to win 1% less! That's way worse!

No! I think the fees come out off the top when the wager is placed.

So in your example it's actually 1013.80 to win 1366.20 = +134.76. So the extra juice there is actually over 3 cents. The way it works out, the fees are more onerous when betting on the dog.

Example:
(-150) 1500 to win 1000 becomes 1510 to win 990 = -152.52. Extra juice of 2.52 cents.

So I guess the extra juice is actually more like between 2.5 and 3.5 cents.

Or am I doing this wrong?

 

[winbet]

Looks like this place could be a blood-bath for some of you. The fact is its an Exchange, you dont have to take the price on offer, you can tender a price yourself. Great, you can all play bookmakers nowarty: