Bookmaking on the exchange

[tico]

Hi All,
Is it not a bit pointless having the 'Bookmaker' option when it is mathematically impossible to make a book on the exchanges .Traditional bookmakers create odds in their favour ,BF odds break those margins making it impossible to produce a books % in your favour.
Tico

[Dallas]

You would do exactly the same as bookmakers would do and offer your prices, creating a book with the profit % you wanted to achieve

Here is a 25% profit if the odds I've offered are matched on three of the runners are matched

Screenshot 2024-12-01 152531.jpg

[Euler]

Exchanges should introduce the ability to randomly not pay out a backer, then it would be just like conventional bookmaking.

[jimibt]

Exchanges should introduced the ability to randomly not pay out a backer, then it would be just like conventional bookmaking.

let me guess, chardonnay??

[Lynskey888]

Exchanges should introduced the ability to randomly not pay out a backer, then it would be just like conventional bookmaking.

I’d love to be able to cite palpable error!

[tico]

Hi Dallas ,
That's an interesting screenshot ,so are you saying you create your own odds and hope that they will be matched in the market ,rather than just make a book out of the prices available when you make the book ?
Kind Regards
tico

[ANGELS15]

Exchanges should introduce the ability to randomly not pay out a backer, then it would be just like conventional bookmaking.

I thought they had. Could of sworn I've heard people saying they've been asked for proof of funds after a profitable spell.