I got access to citibet exchange in the last week or so, having used it 5 yrs ago.
The interface is pretty complex, as they pay based on tote returns, and because of the tote over rounds you have to adjust what price you will pay based on a discount rate.
The liquidity on Hong Kong racing is mindblowing .. a good deal less on everything else.
Not sure its that much use for most traders.
Australian racing
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I think it is for most people.
I cant see how u can have a decent bet on a ropey tote. Sure.. the depth in HK etc is fine, but for everything else, you are really
in the lap of the gods.
I cant especially see an angle .. unless u had inside info etc.
I cant see how u can have a decent bet on a ropey tote. Sure.. the depth in HK etc is fine, but for everything else, you are really
in the lap of the gods.
I cant especially see an angle .. unless u had inside info etc.
I've just had a look at their T&C. They devote a full six words to responsible gambling.megarain wrote: ↑Sat Jun 27, 2020 1:04 pmI got access to citibet exchange in the last week or so, having used it 5 yrs ago.
The interface is pretty complex, as they pay based on tote returns, and because of the tote over rounds you have to adjust what price you will pay based on a discount rate.
The liquidity on Hong Kong racing is mindblowing .. a good deal less on everything else.
Not sure its that much use for most traders.
AA443D2A-D395-4195-94E9-B3AA8F479A8E.jpeg
Is there any way of looking at the markets without opening an account?
No.
They are v reluctant to give access, thou if you know the right people etc.
Via another forum I got the name of an agent : but they battle with the English language/are expensive and wordy.
e.g. I wasnt sure what they mean by bank redeems funds
Bank conditions:
The Bank Wire is an external service. When you submit a payment, you must not include any other information (no company name, no account name, etc.) besides the details we will provide you with.
Bear in mind that in case you mention any other information besides the one provided by us, your funds will be 100% redeemed by the bank and your xxxxxxxxxxxxxs account will be closed.
Please note that the minimum deposit for bank transfer is 500€ and the maximum weekly deposit limit is 14000€ while the maximum weekly withdrawal amount is around 5000€ (applied 3% administrative fee over the withdrawal value with minimum 50€ per bank transaction hit).
Bank transfers take between 1-7 business days to be completed.
Also, note that our bank settlement currency is EUR.
Bear in mind that you need to confirm the relevant bank details before each deposit.
Please confirm that you understand the above and you consent to comply with the requested method of making a bank transfer.
Additionally, in order to be verified to use Bank for future transactions, please send us the following documents:
A Photograph, not a scanned copy of your ID or Passport, or Driver`s License (back and front)
A Bank statement (not older than 3 months) with visible IBAN, BIC and personal details
Thank you in advance.
They are v reluctant to give access, thou if you know the right people etc.
Via another forum I got the name of an agent : but they battle with the English language/are expensive and wordy.
e.g. I wasnt sure what they mean by bank redeems funds
Bank conditions:
The Bank Wire is an external service. When you submit a payment, you must not include any other information (no company name, no account name, etc.) besides the details we will provide you with.
Bear in mind that in case you mention any other information besides the one provided by us, your funds will be 100% redeemed by the bank and your xxxxxxxxxxxxxs account will be closed.
Please note that the minimum deposit for bank transfer is 500€ and the maximum weekly deposit limit is 14000€ while the maximum weekly withdrawal amount is around 5000€ (applied 3% administrative fee over the withdrawal value with minimum 50€ per bank transaction hit).
Bank transfers take between 1-7 business days to be completed.
Also, note that our bank settlement currency is EUR.
Bear in mind that you need to confirm the relevant bank details before each deposit.
Please confirm that you understand the above and you consent to comply with the requested method of making a bank transfer.
Additionally, in order to be verified to use Bank for future transactions, please send us the following documents:
A Photograph, not a scanned copy of your ID or Passport, or Driver`s License (back and front)
A Bank statement (not older than 3 months) with visible IBAN, BIC and personal details
Thank you in advance.
megarain wrote: ↑Sat Jun 27, 2020 3:49 pmNo.
They are v reluctant to give access, thou if you know the right people etc.
Via another forum I got the name of an agent : but they battle with the English language/are expensive and wordy.
e.g. I wasnt sure what they mean by bank redeems funds
Bank conditions:
The Bank Wire is an external service. When you submit a payment, you must not include any other information (no company name, no account name, etc.) besides the details we will provide you with.
Bear in mind that in case you mention any other information besides the one provided by us, your funds will be 100% redeemed by the bank and your xxxxxxxxxxxxxs account will be closed.
Please note that the minimum deposit for bank transfer is 500€ and the maximum weekly deposit limit is 14000€ while the maximum weekly withdrawal amount is around 5000€ (applied 3% administrative fee over the withdrawal value with minimum 50
Thank you in advance.
For me it was different. I read they had video streaming for pretty much all the racing and got in contact with their main chat without knowing anyone.
Then an agent whatsapped me my login details and saying for „oversees customers only paypal and minimum deposit/withdrawal 100$“ between 11am and 1pm.
I never deposited but just been using that for video streaming since April.
Do they take out around 20% of the tote like other totes, or will they frequently end up with better odds than on betfair? Are the odds estimates relatively accurate?
Why are they called an exchange if its tote betting?
I read the first page of the help section trying to understand their odds format but decided until they suspend my account for not betting i wont bother.
Are you looking to punt outright with them and its worth it even for all the fees and dodgy reputation? thank you
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It's complicated.rik wrote: ↑Sat Jun 27, 2020 10:16 pmFor me it was different. I read they had video streaming for pretty much all the racing and got in contact with their main chat without knowing anyone.
Then an agent whatsapped me my login details and saying for „oversees customers only paypal and minimum deposit/withdrawal 100$“ between 11am and 1pm.
I never deposited but just been using that for video streaming since April.
Do they take out around 20% of the tote like other totes, or will they frequently end up with better odds than on betfair? Are the odds estimates relatively accurate?
Why are they called an exchange if its tote betting?
I read the first page of the help section trying to understand their odds format but decided until they suspend my account for not betting i wont bother.
Are you looking to punt outright with them and its worth it even for all the fees and dodgy reputation? thank you
1. It is an exchange
2. The prices are based off tote
3. When you place a bet you dont know the price, but you agree with your counterparty that the price will be Tote plus or minus a certain %.
4. They take less that 1% (usually)
I am not at all worried by settling - if I was I would not even think about it.
Althou, when u login there are always accounts posted which have been closed for activities they deem not worthy etc.
I dont know what happens if u are a counter-party to that.
I was looking for an edge - but there is no API, or at least am not aware of one, and unless u know how the tote price will end up, its v hard to bet with certainty. Maybe if u automate the tote feed etc.
The interface displays discounts wanted by other customers .. so, for example, you are shown bets u can back at 20% discount to tote return.
U offer to back for $10 at 80% .. if it wins, u get tote odds to full stake. If it loses, u pay 80% of your stake.
There is also a limit to the tote price on the bid/offer (but dont really understand it), and suspect tote rigging on the minor dogs / harness etc could be quite simple.
There is a pyramid scheme, where uplink provides support ec, and gets a % of the turnover of accounts you introduce.
If u were a bookie in Hong Kong, paying tote odds, it would be a great way to hedge etc, at 20% profit. I cant see an obvious use for it, as Hong Kong is not on Betfair.
Althou, when u login there are always accounts posted which have been closed for activities they deem not worthy etc.
I dont know what happens if u are a counter-party to that.
I was looking for an edge - but there is no API, or at least am not aware of one, and unless u know how the tote price will end up, its v hard to bet with certainty. Maybe if u automate the tote feed etc.
The interface displays discounts wanted by other customers .. so, for example, you are shown bets u can back at 20% discount to tote return.
U offer to back for $10 at 80% .. if it wins, u get tote odds to full stake. If it loses, u pay 80% of your stake.
There is also a limit to the tote price on the bid/offer (but dont really understand it), and suspect tote rigging on the minor dogs / harness etc could be quite simple.
There is a pyramid scheme, where uplink provides support ec, and gets a % of the turnover of accounts you introduce.
If u were a bookie in Hong Kong, paying tote odds, it would be a great way to hedge etc, at 20% profit. I cant see an obvious use for it, as Hong Kong is not on Betfair.
Ok .. thx.
I am using an account of a v large upline agent - with settling guaranteed by 3rd parties I trust 100%.
I am using an account of a v large upline agent - with settling guaranteed by 3rd parties I trust 100%.