- Prophet Exchange Wants Its Customers To Engage In Arbitrage

[lotora]

https://sportshandle.com/prophet-exchan ... arbitrage/

[Euler]

Prophet Exchange To Close In New Jersey At End Of Month

https://sportshandle.com/prophet-exchan ... ew-jersey/

[johnsheppard]

Heya guys,

What kind of liquidity would you estimate they get just being in New Jersey? Compared with Betfair?

Anyone hazard to give their opinion on the future of American exchanges?

I never realy liked the idea that Betfair is the only option

[Anbell]

Heya guys,

What kind of liquidity would you estimate they get just being in New Jersey? Compared with Betfair?

Anyone hazard to give their opinion on the future of American exchanges?

I never realy liked the idea that Betfair is the only option

For the foreseeable future you wont be able to bet in NJ unless you live/are there. The same is true for every US state.

[Michael5482]

Heya guys,

What kind of liquidity would you estimate they get just being in New Jersey? Compared with Betfair?

Anyone hazard to give their opinion on the future of American exchanges?

I never realy liked the idea that Betfair is the only option

Understand the feeling with Betfair especially with charges and more choice in most areas of life is a good thing however in the realms of betting exchanges the less the better IMO. Peoples money only stretches so far and for betting exchanges you want all that money in one or two places max not thinly spread across multiple exchanges. I'd welcome Betfair Exchange market domination world wide absolutely no question about it.

[gstar1975]

Isn't that just like Betconnect? https://www.betconnect.com/

[johnsheppard]

For the foreseeable future you wont be able to bet in NJ unless you live/are there. The same is true for every US state.

I'm no marketer, but I would think there is a sweet spot in the growth curve of any market in terms of being able to maximise income or ROI.... e.g. I would think 15 years ago the pickings on Betfair would have been a lot easier entry than now.

If it's 10 years from now, it'd probably pay to get prepared. But I guess then you'd have to follow politics...gah

[johnsheppard]

Understand the feeling with Betfair especially with charges and more choice in most areas of life is a good thing however in the realms of betting exchanges the less the better IMO. Peoples money only stretches so far and for betting exchanges you want all that money in one or two places max not thinly spread across multiple exchanges. I'd welcome Betfair Exchange market domination world wide absolutely no question about it.

The problem with world domination is the lack of incentive to do better...
I don't really like the term but it's out there -> https://en.wikipedia.org/wiki/Enshittification
I haven't fully thought about if that really would apply to an exchange...but I'm cynical in nature

I'd think that the bigger the market gets the less room there is for the little guy. I think for example syndicates would be happier with Betfair world wide domination than sole operators. The reason they don't currently take over is they have large operational costs. Larger markets would probably mitigate that.

But also, its best to suffix with, I don't really know...just guessing.

[Euler]

The core problem with the exchange model is that, at its worst, it allows people to lose slower than traditional betting models.

Large corporations want customers to lose as much and as fast as possible. So Exchanges just don't fit into that model, so while they exist, traditional betting models will be more dominant because they line the pockets of the large corporations and interested parties. Sod the customers!