- This topic has 5 replies, 5 voices, and was last updated 4:32 pm , 25/01 by
Caan.
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Posts
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Bunny
Hello,
Looks like there is going to be another betting exchange on the market. I signed up with them some time ago, but still haven’t heard anything when they going to launch it. Read the description, it all good read and good intentions. I just wonder how they want to compete with Betfair, Betdaq, Matchbook, Smarkets..
1% commission maybe lol?
That’s what they say anyway :
“Not wanting to be just another online gambling site, bet.me has been created to give our customers a fresh and innovative, feature-rich platform that enhances their online betting.
The bet.me platform has been developed over several years and by taking inspiration from the financial markets, trading experts and many other sources.
We are offering insights and additional information which when coupled with a fully customisable interface enables our customers to make better, more informed decisions leading to a superior betting experience.
Take a look at just a few of these advantages.
– No premium charges
– No account restrictions
– Innovative betting tools
– Customisable screens”
Bunny
Caan
Have heard of this a while back…
Lots of promises there, doubt it’ll go anywhere.
I mean aside from all the buzz-words in the description, customizable screen isn’t really any different, and I don’t see how they can ‘innovate’ the tools more than they already are, there aren’t any account restrictions on exchanges already… and premium charges only affect 1% of users so the 99% don’t care.
On top of that, they have to fund it (and build it). If they aren’t taking commission and don’t have scale of users it’ll die quickly.
L0U
Nice find Bunny, first I’ve heard of these. Will be following with interest!
Stephen
Indeed, very interesting! Hard to see any new exchange troubling the big boys though.
pnr8uk
They are real and genuine, they have approached me twice to work for them, quite flattering really. The biggest problem they (and any other exchange) will have is simply liquidity. They have all the tools and tech (and funding) they need. Liquidity is alway going to be a problem.
I agree, Paul. It always comes down to the same things… liquidity, and sustainability. Investment only lasts so long so it’s a race to grab market share! I’m not sure they can offer a significantly better product though, on smaller margins. Even if the intent is great (I’m sure it is as you say). It’s only specialist diehard users that appreciate the genuine intent etc… and they aren’t the ‘VIP’ types most of the firms crave… frustrating to say the least.
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