Topic: [EDUCATIONAL] The Business Model of White Label Betfair Exchanges & More (Read 484 times)

I can't switch as much as I want.
I don't have that luxury as I'm using my own bots to automate 99% of my trading in BF.

Like these:  https://i.imgur.com/11MNhy8.png

If you see someday a WLE with API, ping me (If I didn't spot it first)

They are around already pretty long. A risk remains of course, but one can try, with small stakes first (1000,- is not small stakes for some players of course), imo. You will never have 100% guarantee in this business and if the opportunity outweighs the risk, it's worth it imo. Their business is a bit strange, but they look legit to me and were always very responsive, when I talked to them.


I feel you But you just need any kind of residence there and can spend a good amount of your time in a more sunny location then, while grinding the markets

@tyKiwanuka

Ireland/England is not for me as I love to be in the Sun
I need a sunny country

I checked out ACC-EX (thx for the link)
I agree with you saying all those fees are a lot and I did not like their answer in their FAQs
Q) Account-exchange is a new service – how can I trust you?
A) It is you that needs the accounts provided via our services. If you do not feel confident with us, please feel free to look for a similar service elsewhere.

@kire - cryptzino

thank you for the links

sadly there is not a list of allowed countries for their exchange at least not one in full as you mentioned also

regarding USA I thought the exchange is allowed in Nevada and New Jersey

Yes, could be, not for me though But you have to go via an agent anyway to open an account and most of them accept all customers (some restrict US customers). If the WLE's would restrict the same countries as Betfair does, then it would make no sense to have them. Thats the whole point of these WLE imo and why they are allowed to use "powered by Betfair". Betfair is too regulated to accept these customers, but with this little trick, lots of players can come back through the back door and keep the markets liquid and guarantee volume. It's the same for Pinnacle, SBO etc. The legal risk is passed on to the agents and Betfair & Co can just say and prove, that they don't accept customers from certain countries.

You would have to use VPN then to access Orbit.


No, I am rarely following their news nowadays

Seems https://orbitexch.com are geo-blocking too

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Error Times: Fri, 26 Jun 2020 21:33:01 GMT
IP: XXXXX    Node information: PSygldLON4wv71:3

BTW did you notice the 'new' BF promo? Where you can choose to NOT get 'bonuses' in exchange to only 2% fee?

 



Check these:

https://www.betfair.com/aboutUs/Regulatory.Information/

https://www.cheekypunter.com/faq/betfair-country-restrictions/

and keep in mind that the restriction list is not full. For example, the United States is missing in the list but it's blocked.

There isn't that one list unfortunately and the response from Betfair is kind of reasonable. Just last year Betfair closed all their agent accounts and they don't do that for fun; there is always something going on regarding certain countries, new regulations and the risk Betfair is willing to take, to not lose more customers. And you have to be careful, if you read somewhere that country XY is allowed at Betfair, because there is a difference between the Betfair Sportsbook and the Exchange. You can use the sportsbook in a lot of countries, but both sportsbook & exchange in not that many (thats why WLE's have some success ). In the end I think you will only be safe longterm, if you move to UK/Ireland. UK is better than Ireland then again because of Brexit.

You can also check out ACC-EX. The last time I talked to them, they had 1,000 Euro minimum deposit, 50,- quarterly membership fee and 6% transfer fees (a lot).

could anyone point me to an URL where I can see the allowed countries for betfair right now? I searched and even talked to betfair but they did not provide the info. Betfair says changes for allowed countries are quite often so I would need to try to register to find out if my country is accepted. This was not a satisfying answer as I maybe would move to an allowed country.

cheers

Hi there No, as far as I am aware these exchanges have no public API at all. I used to do everything with GeeksToy at Betfair and I am dearly missing this option with the WLE's.

You can check out yourself: https://orbitexch.com

@tyKiwanuka

I'm betting on BF from more than 12 years.

Currently, mostly through my own bots.

Does these white label sites support some APIs like BDP Stream API?

Could you send me some URLs to check them? As I'm working on crypto reviews right now and this is an interesting option/alternative.

Thank you
Kire

There are also lots of trading bots, but they are set up by humans I assume/hope. Every now and then you have a bot go wild, just like can be seen sometimes on crypto exchanges. There is value too in pre-match of course, but I feel more comfortable with inplay nowadays. And from my observations, you will get better odds inplay 90% of the time for what you considered to play pre-match anyway.
You will miss out on some good pre-match bets due to very early goals, but when you get 20-30% better odds 9/10 times, it pays off to wait for higher odds live.

But as you said.....


.....it's time-consuming. You are waiting like a sniper for opportunities to arise and somtimes you "lie" there like a moron and can't pull the trigger Thats the nice thing with pre-match betting. You can place your bets and just go away and check the results later. It all has its pros and cons.

I can't really speak to this as I don't really go for in-play, especially not Betfair markets or the like, but I'm sure, since there are humans involved, there is always value to be found (which is really what I do as well, hunt for values, bookies that overextend, price boosts that are 50% more than anything else etc).

It's definitely a style to consider, but I assume it's time-intensive, which I can't accommodate =)

My "problem" is, that I am doing 95% of my bets inplay these days and 80% of that is trading. Pre-match you will find the same odds or even slightly better odds at bookmakers than at Betfair & Co, but when it comes to inplay and trading, there is no way around Betfair imo. So I am rarely urged to look for other solutions, because Betfair is just #1 for me and no one comes close (yet ?). Only thing I dearly miss at these WLE's is the possibility to use trading software. So weary without it and you have to adapt your trading style a lot.

There is so much more value to be found inplay that I basically don't bother with pre-match bets anymore, unless there is a horribly wrong priced one or if I want to gamble on some multi/system. But each person has his own style of betting and there is a lot of ways to be successful.


Yes, I am lurking in that thread, without engaging

@all

could someone confirm that he has a pre match trading pattern he profited from? I don't ask for the pattern I am only asking if there is someone who is profiting from pre match trading?

cheers

Well look at this, ty, didn't realize you had this thread from before.

I've really liked how Fairlay does its markets -- they're not completely bug-free of course, and until today I still have some unresolved issues with a couple of my bets which refuse to appear in Unsettled (it happened when I tried to set my own markets, support can't fix the visual of it but it's otherwise fine balance wise). We've even got a user danshan who has his own markets, using an app for us to find them.

In the end, though, I still scout for best odds -- and I'm finding that with new bookies entering their market, their offers are these days better than going P2P. Still, creating your own market on Fairlay can be quite fun. Especially when people take it!

Same here. If you grew up with Betfair, it's very hard to get accustomed to Fairlay and their UI (and I am a bit lazy in that regard as well tbh). And Fairlay has the same problem as all exchanges that are not Betfair or powered by them: low volume.


Don't rush Take your take to monitor and observe the markets; how they move. With time you will maybe find an angle or certain patterns. If you have good information or insight, you can use this to your advantage as well. Start small and protect your bank, but be prepared to lose money in the beginning - don't get discouraged by it though, hard work will pay off in this business

@tyKiwanuka

I have a Fairlay account but IMO you can't compare it to betfair. I don't get used to Fairlay exchange and I am not able to use it as I used once Betfair

regarding Tennis trading I agree.

I will take a look at correct score market as you suggest, but to be frank right now I would not know what to look for but maybe time and watching the pre match moves will tell

cheers

Yes, you will have a hard time to find a Betfair WLE without being forced to do KYC. Even Exbet will have KYC as I learned the other day. You can check out Fairlay, they only do KYC in rare cases, where they suspect fraud/cheating.


Pre-match trading for Tennis is literally not possible, since the markets only fill up very late. The day/night/hours before the match starts, there is very low volume and not much movement - everyone is waiting for inplay The side markets have very few volume even inplay. It's a bit better in the latter stages in a GS or the big Masters, but otherwise it's a weary task.


Yep, I recommend to have a look not only at the 1X2 markets, but also at the correct score market for pre-match trading in football. There are quite a lot of traders there even days before kick-off, so you have good chances of opening a trade and closing it again. You can also do cross-trading with the over/under markets - these markets are all dependant - and create some nice free bet scenarios.

@tyKiwanuka

I asked Orbit about KYC and they said KYC is a must to open an account. As a BTC user I am not very eager for KYC. BTC deposit and withdrawals are accepted

yes Caan Berry is a good one. Horses are not of interest for me. I like Tennis and Soccer. Soccer is IMO better than Tennis for pre match trading

what do you mean with correct score market? I mean do you suggest to look at this market for pre match trading?

Thanks a lot for your patience to answer my questions

It feels really fair.
Haven't gone through the workings of the platform though (even their terms and conditions) to know whether it's really the right platform to bet on.
 Concerning its geo restriction, guess if you are geo restricted in one betting-game, you could switch to another game that is allowed in your country and without the geo restriction. Sometimes like this would work really well on decentralized platform.

Yes, for most, if not all, of these WLE, you would have to go via an agent like Brokerstorm for example. This does not sound very attractive and is a hurdle not everyone is willing to jump. On top of that, you would also have to do KYC (with the agent). An agent sounds like a shady person sitting in a dark room under a lamp smoking a cigar In reality these are more or less normal companies, who maybe operate in a bit of a grey-ish area. But a lot of gamblers, even without agent, operate in a grey-ish area themselves, so no reason to worry imo.

If you find a trusted agent, you can have accounts at bookmakers/exchanges, where you normally wouldn't be able to play. There is just a middle-man, who connects you to the bookmaker/exchange and all money transfers are done via him. Please note, that all agents have a minimum deposit, so this is not for punters that play with very small stakes. The minimum is 100,- Euro (or equivalent) for most of them. In Orbit Exchange you have a minimum stake of 7,- Euro then, which has to be considered as well (if you lay a 1.01 for 7,- Euro, you only have liability of 0.07 Euro though, so you can actually play with less than 7,- Euro too).

I don't know Brokerstorm tbh. I have my Orbit account via Bet-Football, but they don't offer crypto payment. Another agent, which I have/had in my portfolio, is BetInAsia, who offer Orbit accounts and BTC payments, so maybe you want to try them.

Pre-match trading is a good way to learn the game of trading, since everything is rather slow and you are not in danger of odds going against you fast. You can stake big-ish amounts, without being too worried. But otoh the markets don't yet have the volume, like they have inplay of course. It gets better nearer to kick-off though. 

A very good pre-match trader is Caan Berry. Not sure, if you are interested in horse racing - I am not - but there is still something to be learnt from him: [Screen Recording] SIMPLE Betfair Trade of £70 PROFIT - Caan Berry

Horse racing is very good sport to trade pre-match, as are the the big football matches (look at correct score market) and probably cricket, but not sure, since I have no idea about cricket.

Which sport are you interested in and want to start learn to trade ?