Tradebetx: A Different Kind Of Online Gambling

Source: Casino Gambling Info Blog

This is one of the most unique sites we have found. You can bet on almost anything.
(ex. The outcome of the Michael Jackson Trial)

From Tradebetx Faq Page

Members of TradebetX betting exchange bet against each other not a sportsbook.
Members benefit from the best odds, generally 20% better than a sportsbook.
Take the odds offered by other members or be the bookmaker & set your own odds.
Straight bets or bet live "in-running" for added excitement through to the final whistle.

What is the role of TradebetX
TradebetX is an exchange that facilitates the matching of orders from its customers. TradebetX ensures that trading profits and losses are transferred between customers in a timely manner and allows customers to close out positions by trading with any other customer. TradebetX does not enter into trades on the exchange.

What is exchange betting?
Exchange betting allows bettors to bet for or against selections in an event with each other. It removes the need to pay the bookmaker's margin or the pari mutuel deduction. It has caused something of a stir and is growing in popularity day by day as individuals recognise the better prices, which come as a matter of course.


How does TradebetX make money?

By taking a small commission on matched bets. There is no charge for entering an order; there is only a charge when you get a matched bet, i.e. when you get "action".

How are the fees calculated?
TradebetX betting exchange has been modelled around a futures exchange. Whenever you place a bet for a selection to win you are actually buying a certain number of "contracts" or shares of that selection, likewise when you bet against a selection you are selling that selection. These contracts are traded with a maximum value of $10 and for every contract you buy or sell TradebetX charges a $0.04 fee. When the contracts expire, i.e. your bet is settled, a further $0.04 fee is applied.
To calculate your fees for any bet, add your stake to the potential winnings to get the total return and divide this by 10. This will give you the number of contracts you are buying or selling. If then multiply this by 0.04 you will get the trading fees to be charged- multiply by 0.08 to get the total fees.
You will always be informed of the fees associated with a particular bet during the confirmation stage of placing a bet.

Tradebetx trade fee free for 30 days

   

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posted by ADMIN @ Tuesday, February 15, 2005