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Bookmakers (lack of interest?)


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New to the game, so perhaps Im missing something. Why arent Bookmakers frequently used? I see one or two available in each city (max) and they dont seem to take many bets from other players.

 

What about real life events (when the UFC is actually back on). I see theres an option to post lines for those, do you bet on RL events in the game?

 

I personally love the feature, sizing up the fights and trying to figure out good value bets. been betting on some fights to try earn a bit of money.

 

Also created my own bookmaker company in London so Ive started that for a bit of fun. Any tips to help run it would be cool, too.

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New to the game, so perhaps Im missing something. Why arent Bookmakers frequently used? I see one or two available in each city (max) and they dont seem to take many bets from other players.

 

What about real life events (when the UFC is actually back on). I see theres an option to post lines for those, do you bet on RL events in the game?

 

I personally love the feature, sizing up the fights and trying to figure out good value bets. been betting on some fights to try earn a bit of money.

 

Also created my own bookmaker company in London so Ive started that for a bit of fun. Any tips to help run it would be cool, too.

 

Just not that popular anymore, my guess. But advertising like this may bring you some business...cheers!

I would suggest linking your booking company though.

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When there are events on you will get message from MMAT to add the event. Unfortunately with no events lately things are quiet. There are 2 or 3 that are regular with real life events.

 

You can also do in game events, just talk to the orgs, usually very low limit though and a lot of work for little reward for the bookie if you want to make money out of it

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Problem is too easy to go completly broke I guess

 

Everyone should be responsible if you are allowed to get let's say at 50k or 100K per bet, as a Bookmaker you are not obliged to go to that limit you can limit the bets you are takin at 5000 just like now. But those who want to do it could do it some of them will get richer some don't that is excatly why betting exist lol

 

 

I suppose it could become a laundry if the stakes are high enough

 

Not if you have to bet with your manager account, how could you launder your fighters money ?

 

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Everyone should be responsible if you are allowed to get let's say at 50k or 100K per bet, as a Bookmaker you are not obliged to go to that limit you can limit the bets you are takin at 5000 just like now. But those who want to do it could do it some of them will get richer some don't that is excatly why betting exist lol

 

 

 

Not if you have to bet with your manager account, how could you launder your fighters money ?

 

yeah you are right, it was a stupid comment by me on laundry, I wasnt thinking straight. One thing that might happen though with very high limits for in game events is set ups to make money by throwing fights, although that would make it more life like i guess lol

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One thing to be careful of with real time events is the markets Mike sends sometimes are very jacked. For example i remember examples where 1.20 faves are sitting at 13 + when they come out from MMAT, this doesnt happen a lot but it does happen fairly regularly. For my bookie I adjust the odds to true market before ticking the box so no problem, but I have seen where bookmakers havent checked and people take advantage and bet those odds, I have even told other bookmakers that they are giving the wrong odds and people are taking advantage so that they can change it, which they did

 

Now imagine you are just having fun, keeping the game interesting with your own bookie but you want to be hands off and there is mistakes like that with 100k or higher max bets. 13 x 100k return a couple of times and another player leaves the game

 

just food for thought and I have seen the above a few times. Most guys here will do what i did and point it out to the bookie owner, but there are plenty here that will just take advantage of it

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One thing to be careful of with real time events is the markets Mike sends sometimes are very jacked. For example i remember examples where 1.20 faves are sitting at 13 + when they come out from MMAT, this doesnt happen a lot but it does happen fairly regularly. For my bookie I adjust the odds to true market before ticking the box so no problem, but I have seen where bookmakers havent checked and people take advantage and bet those odds, I have even told other bookmakers that they are giving the wrong odds and people are taking advantage so that they can change it, which they did

 

Now imagine you are just having fun, keeping the game interesting with your own bookie but you want to be hands off and there is mistakes like that with 100k or higher max bets. 13 x 100k return a couple of times and another player leaves the game

 

just food for thought and I have seen the above a few times. Most guys here will do what i did and point it out to the bookie owner, but there are plenty here that will just take advantage of it

 

I've never ran a bookie, but I've always assumed that the bookie can only lose funds from the bookie balance. Looking at the wiki, looks like there are several safeguards for avoiding potential losses.

 

All though I feel for whoever it was that lost 100k+ per bet on a single fight, sure looks it was easily avoidable. For the record, I myself missed that action and didn't benefit from it. But I had no issue taking Steel Penn's action when he was offering even money for all comers in the BJ vs Yair fight.

 

I'm currently 7th on the betting profit/loss list here on MMAT, and all of that is simply from comparing real life market odds to what was offered by MMAT bookies. In real life, real money MMA bets I'm a loser. Small losses and small sample, but I'm not even close to being good enough to beat pro odds makers.

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One thing to be careful of with real time events is the markets Mike sends sometimes are very jacked. For example i remember examples where 1.20 faves are sitting at 13 + when they come out from MMAT, this doesnt happen a lot but it does happen fairly regularly. For my bookie I adjust the odds to true market before ticking the box so no problem, but I have seen where bookmakers havent checked and people take advantage and bet those odds, I have even told other bookmakers that they are giving the wrong odds and people are taking advantage so that they can change it, which they did

 

Now imagine you are just having fun, keeping the game interesting with your own bookie but you want to be hands off and there is mistakes like that with 100k or higher max bets. 13 x 100k return a couple of times and another player leaves the game

 

just food for thought and I have seen the above a few times. Most guys here will do what i did and point it out to the bookie owner, but there are plenty here that will just take advantage of it

I agree it could be risky but everyone who do that will have to know what they are doing and bets who will be higher than the balance of the bookie won't be accepted so what is the problem no one will have to leave the game the only mistake you can make is losing all the money YOU PUT in the bookie. It's by far less dangerous than buying by mistake $50K for a 6 month VIP time

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Problem is too easy to go completly broke I guess

 

That is a real problem. Most often than not, the bookie loses money, even with the worse odds and lowest bet sums. I run the bookie for years now and i am losing about 10-12k per week and that is with the 5k bet option. On the other hand, the guys winning are not really winning much, so it is just a color feature in the game.

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Would it be possible to increase the maximum amount allowed by the game therefore more people will be interested to use it

 

This

 

And by A LOT !

 

If you are losing money as a bookie it is because you either:

 

1- Don`t have enough funds to handle the swings

2- Don`t know what you are doing

 

If we x10 the amounts that we are able to bet this owuld be one of the most fun parts of the game for myself.

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