BetConnect - New Social Betting Platform

Post Reply
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Euler wrote:
Wed Sep 19, 2018 5:16 pm
Old fashioned sales pitch, "the professional gamblers use our platform because they have been restricted by the bookmakers".

No, the professional gamblers, use betting exchanges.
They only need to be professional by name. ;)
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Just received a patronising email from Racing Post telling me I'll soon be betting like a pro. :lol:
Adriaan
Posts: 9
Joined: Thu Jun 07, 2018 5:09 pm

So, this basically is an exchange with a difficult explaination.
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

As far as I can tell, it's an exchange where you have to declare whether you're a pro (backer) or punter (layer)!!

If you're a layer you have to trade with either a bookie or the exchange.
User avatar
jimibt
Posts: 3641
Joined: Mon Nov 30, 2015 6:42 pm
Location: Narnia

Derek27 wrote:
Wed Sep 19, 2018 9:26 pm
As far as I can tell, it's an exchange where you have to declare whether you're a pro (backer) or punter (layer)!!

If you're a layer you have to trade with either a bookie or the exchange.
not looked yet, but the main question is 'how do they determine the *after*' (i.e. if you declare yourself one or 'tother) and if they find *issue* what is the redress!!

the open environment is to be welcomed but only if transparency prevails...
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

jimibt wrote:
Wed Sep 19, 2018 9:41 pm
Derek27 wrote:
Wed Sep 19, 2018 9:26 pm
As far as I can tell, it's an exchange where you have to declare whether you're a pro (backer) or punter (layer)!!

If you're a layer you have to trade with either a bookie or the exchange.
not looked yet, but the main question is 'how do they determine the *after*' (i.e. if you declare yourself one or 'tother) and if they find *issue* what is the redress!!

the open environment is to be welcomed but only if transparency prevails...
As far as I can tell it's just like an exchange except your account is set up as backing only or laying only. Don't be confused by their stupid terminology - a pro doesn't really have to be a pro but someone who wants to back, and a punter could either be a punter that 'follows' the pro or a bookie that accepts his bets. The ability to lay at bookie prices sounds quite exciting and could knock out some premium charge.
User avatar
jimibt
Posts: 3641
Joined: Mon Nov 30, 2015 6:42 pm
Location: Narnia

Derek27 wrote:
Wed Sep 19, 2018 10:19 pm
jimibt wrote:
Wed Sep 19, 2018 9:41 pm
Derek27 wrote:
Wed Sep 19, 2018 9:26 pm
As far as I can tell, it's an exchange where you have to declare whether you're a pro (backer) or punter (layer)!!

If you're a layer you have to trade with either a bookie or the exchange.
not looked yet, but the main question is 'how do they determine the *after*' (i.e. if you declare yourself one or 'tother) and if they find *issue* what is the redress!!

the open environment is to be welcomed but only if transparency prevails...
As far as I can tell it's just like an exchange except your account is set up as backing only or laying only. Don't be confused by their stupid terminology - a pro doesn't really have to be a pro but someone who wants to back, and a punter could either be a punter that 'follows' the pro or a bookie that accepts his bets. The ability to lay at bookie prices sounds quite exciting and could knock out some premium charge.
prior to *this life*, i was a matched betting guy and made a pretty good penny using BF lay vs *an-other* bookie back (based on sign up offers). this worked well due to the offers given out by willhill, lads etc. however, on a purely arbs based basis, (despite having the tech to exploit), I never got involved beyond skimming the offers... if these new guys didn't limit based on winners (tho i'd be aiming for losers!), then maybe it would be worth reviewing again. that said, *my* heyday in all of this was 2014-2016, so times will have changed.
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I started arbing US racing in April 2017 and was done by June 2017 - all the bookies shut me down. :evil:
User avatar
Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

Sounds good but won't work

As Peter says most big profitable players will be on the exchanges and I reckon most of them won't even use Betfair
User avatar
SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

What I find strange is the racingpost are writing topics on such bullshit? If they were aware of such struggles of placing a bet why don’t they just push the exchange???

They advertise all the different bookies but now seem to care about this platform.

If people find the exchanges confusing... how the hell would they understand this concept??

Utter waste of time.. I’m sorry but I think the next big thing has come and gone. It was nearly 20 years ago callled the exchanges.

Why don’t bookies modernise even like the banks. Stick tablets on their betting tables and allow people to bet on the exchange In store with cash and withdraw cash In store.

It would be a very simple concept. If you want to back you can simply use cash, no account needed.
If you want to lay.. you need an account... maybe some type of store card (integrity reasons)

Even Mac Donald’s have tablets on every table. A lot of bookies are still using telly text!!

Another 10 years until the government get to grips with betting restrictions and maybe that might happen.

I have to drive 25 mile just to get £100 on a horse and still I will not use this betconnected, it just won’t work.
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Got an email from BetConnect saying I'm on the waiting list!!!

Apparently the number of punters are limited, presumably to balance with the number of 'pros'.
User avatar
SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

Derek27 wrote:
Sat Sep 22, 2018 4:11 am
Got an email from BetConnect saying I'm on the waiting list!!!

Apparently the number of punters are limited, presumably to balance with the number of 'pros'.
It’s just a scam for some heavy bettors to get their bets laid. As simple as that.

A few guys are fed up of not getting on so this how they will.
User avatar
Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I'd be happy to lay some of that money if it's at bookie prices.
weemac
Posts: 1216
Joined: Mon Sep 16, 2013 8:16 pm

The only ones you'll lay at bookie prices will be the ones the bookies don't want to lay at bookie prices.
User avatar
Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

And you'll be laying them as soon as the odds come out or in the morning

As SHR says it's just a quick easy way for pros to get on until people find out they're just being treated for mugs
Post Reply

Return to “Alternative betting exchanges, Smarkets, Matchbook etc.”