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JAbet - New Sportsbook

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Author Topic: JAbet - New Sportsbook  (Read 5034 times)
JAbet
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« on: September 18, 2015, 05:07:51 PM »

Hi All,

We are a new UK GC regulated sportsbook, initially focussing on Inplay tennis with pre-off and football to launch early in 2016.

We are offering Back and Lay bet with no commission or charges and we welcome winners and arbers (which is why we are posting here with permission from the administrator).

We are powered by our own proprietary pricing engines and so offer differing prices to other sportsbooks which again, hopefully is of interest here.

Currently, we are only open to UK registered users, in 2016 we plan to open this up to other countries.

We focus on offering value, rather than offers, so there are no bonuses.

Many thanks for reading and look forward to any of you on our site or following our Twitter @JAbetOfficial.

www.jabet.com
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davidelliott52
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« Reply #1 on: September 19, 2015, 03:12:46 PM »

sounds interesting, ill definitely check it out. You dont sound like an exchange because you charge no commission. How do you offer value and how does your odds and limits compare to pinnacle
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JAbet
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« Reply #2 on: September 21, 2015, 10:56:18 AM »

Hi,

We are offer value through offering our own prices, not the markets, so there will be opportunities to arb between ourselves and others.

With regards limits, we offer stake-sensitive odds, meaning if you increase your stake, we will still accept the bet but at potentially slightly different odds (you see the updated odds immediately you increase your bet).

This is all automated and allows larger bets to be placed and not refused. We will also be looking to increase the level of these over the course of the next 6-12 months.

With the introduction of football and pre-off betting early in 2016, we will also look then to have a "full-launch" with more traditional marketing and larger limits again.

Many thanks,

www.jabet.com
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Thordin
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« Reply #3 on: September 21, 2015, 12:24:37 PM »

Let us know when open registrations for other countries too.
Easiest way for you to get action is to arrange your odds to be scanned at the popular alert services we have here.
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JAbet
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« Reply #4 on: September 21, 2015, 12:40:31 PM »

Hi,

Will happily keep you up to date when we open up to other countries.

Regarding the alert services, thanks for the advice. Any particular one we should contact first?

Many thanks,

www.jabet.com
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Thordin
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« Reply #5 on: September 21, 2015, 02:45:42 PM »

Betburger scans tennis.
Oddstorm only soccer.
But there are more here in the forum
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JAbet
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« Reply #6 on: September 21, 2015, 03:01:34 PM »

Many thanks, we will contact BetBurger and see if they can incorporate our Live Tennis.

www.jabet.com
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JAbet
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« Reply #7 on: January 06, 2016, 05:48:57 PM »

Hi All,

Just a quick update as apologies, we hadn't noticed the other thread asking about us (will link this response into that thread as well).

We certainly aren't going anywhere and all monies are protected in Quistclose trust accounts under the auspices of our license with the UK Gambling Commission.

We also now have an Irish license and will be opening up accounts to Irish residents as well as adding EUR accounts and Skrill within the next week or so.

All main tour and Grand Slam matches are available inplay on our site along with selected Challenger matches when the scheduling is quiet.

Please come along and have a look and we will get back in contact with the alert services again as well to see if we can get them to include our prices. We are aware they wanted to make sure we would be around (and have been around) for a while before they did so.

Many thanks!
JAbet
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Andy
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« Reply #8 on: January 07, 2016, 03:45:37 PM »

Will you be adding Neteller?

Also any thoughts to add horse racing markets eventually? Pre-race Betfair traders are crying out for an alternative to Betfair that doesn't involve Premium Charge (or using tricks to avoid it)
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janajana
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« Reply #9 on: January 07, 2016, 07:24:36 PM »

I can see no sense in offering lay bets in sportsbook. Lay odds have the same juice as back odds, cca 4 %.
So no reason to lay, simply back the other side. Or Am I wrong ?
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Sampong
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« Reply #10 on: January 07, 2016, 10:22:48 PM »

Hi All,

Hello and welcome.

We are a new UK GC regulated sportsbook, initially focussing on Inplay tennis with pre-off and football to launch early in 2016.

To be honest, being UKGC regulated doesn't mean shit. The UKGC is just a register of companies that the UK Government collect tax from. It offers players zero protection and doesn't get involved in any disputes.

Part of their licensing conditions is that the operator must appoint an ADR "Alternate Dispute Resolution" entity, which can be anything from the notorious MGA, to in your case, the utterly useless IBAS (as stated in your terms and conditions), who - in the event of the event of a dispute will likely rule in favor of the operator as long as they have the matter covered in their terms and conditions - even if those terms are illegal.

Furthermore the UKGC have historically failed at every opportunity to ensure that operators have adequate capitalization to cover their liabilities and meet their financial obligations - take canbet for example. And this will be the most notable issue in your case.

We are offering Back and Lay bet with no commission or charges and we welcome winners and arbers (which is why we are posting here with permission from the administrator).

You're never going to have the volume of Pinnacle, and therefore your markets cannot reach that level of efficiency. Every so often a bookmaker appears that "welcomes arbers and winners" - and every time they go bust and steal player balances. Hence my point about the UKGC failings above.

We are powered by our own proprietary pricing engines and so offer differing prices to other sportsbooks which again, hopefully is of interest here.

And so has every failed operation before you, they have all claimed to have a "unique angle" to pricing markets and offering value. Any sharp will know this is mathematical impossible. You can't offer "value"and stay in business.

Sorry to admin if this comes across as abrasive. It's just my opinion that the upper management and Directors of companies like these know full well from the start how things will pan out, players balances will be lost to a long line of creditors but it won't matter to the Directors because they will have made their money out of the project and be ready to move on when it all goes bust.

It's been the same in every example in history.

Good luck with your venture.

And good luck to anyone depositing funds into this sportsbook.
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JAbet
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« Reply #11 on: January 08, 2016, 11:52:49 AM »

Hi Sampong,

We can completely understand your caution here due to previous companies who may have acted in this manner and agree that in the cases you mention, much more should have been done to protect customers' funds.

For ourselves, we do go above the level of requirement required by the UKGC for protecting customer funds and have them stored in Quistclose trusts which we would not and do not have any access to for operational purposes.

I can also tell you that the proprietary pricing engine we have developed internally, is not new and untested and through our B2B arm has been powering other, much more established bookmakers.

Of course, any feedback is greatly appreciated and with any new sportsbook, there will always be quite understandable caution. We are not (yet in any case) having a loud launch with lots of marketing, instead concentrating on getting the product right for the punter.

To janajana, you are quite right in two runner markets, the back of one outcome or lay of the other are essentially the same, but this is not the case in multi-runner markets and we also wanted to offer the ability for the punter to clearly "see" the margin and have the understanding that multiple bets will all be netted off against each other, providing a single position.

To Andy, yes, Neteller is currently being integrated and will follow very shortly behind the Skrill integration. Unfortunately, horse racing is not something that is on our short or medium term plan though, sorry.

Many thanks again
JAbet
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Arbusers
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« Reply #12 on: January 08, 2016, 06:49:15 PM »

I would like to have some comments in the following issues:
1. Very poor selection of markets. Am I wrong?
2. No max stake referred on the screen. Does this mean that there is no max stake?
3. There is a big difference between the back/lay prices. Even if you collect no commission from the bet them selves, this gap between prices is a very high commission.
4. The feeling that I get is that you get the markets from betfair, add a little margin and offer them to the players. That makes me thing that you maintain a low commission rate to betfair, and you automatically forward all bets there. But again, this might be just my idea.

You do understand that this community is the sharpest of them all, and our questions are sharp as well.
Thank you in advance.
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JAbet
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« Reply #13 on: January 09, 2016, 09:03:01 AM »

Hi, again, many thanks for the question. I will try to answer them as best I can:

1. At the moment we are concentrating on tennis. Football and basketball will be next to come but not within 6 months. For tennis, we will offer in-running for all main tour WTA, ATP and Grand Slam matches as well as selected Challengers should the schedule be quiet (i.e. second week of Grand Slams). Coming very soon, we will offer pre-off odds. We also may add qualifying matches for the tournaments listed as long as we do not believe it will dilute the other matches on offer.
2. We have a unique automatic stake-sensitive pricing (no trader referral), meaning that if you request a large enough stake, the odds will automatically change, meaning that there is effectively many different max bets, depending on the price. This isn't an easy thing to display but we are working on means to do so. The sensitivity of the odds to change related to stake size is different for each match, dependent on our internal measure of the quality of the match.
3. You may be seeing prices whilst an individual point is in play, during these times we widen the spread to the outside of what our back and lay prices will be should the point go to either Player 1 or Player 2. If the point is an important one, such as a break point or a point in a tie-break, this can obviously be quite wide, although we prefer to do this than take the prices down completely. As soon as the point is over and before the next point has started the spread should be much tighter. We also denote this by a "Point In Play" caption but it could probably be better shown to avoid any confusion.
4. On the contrary, we have been making the prices on Betfair for many years now and as per a previous reply, we also supply other bookmakers with their prices, all our calculated internally and are not derived from anywhere else.

Hope this helps, and absolutely, am very clear this is a sharp community!

Many thanks
JAbet
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fairpunter
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« Reply #14 on: January 09, 2016, 10:01:34 AM »

Hi, again, many thanks for the question. I will try to answer them as best I can:

1. At the moment we are concentrating on tennis. Football and basketball will be next to come but not within 6 months. For tennis, we will offer in-running for all main tour WTA, ATP and Grand Slam matches as well as selected Challengers should the schedule be quiet (i.e. second week of Grand Slams). Coming very soon, we will offer pre-off odds. We also may add qualifying matches for the tournaments listed as long as we do not believe it will dilute the other matches on offer.
2. We have a unique automatic stake-sensitive pricing (no trader referral), meaning that if you request a large enough stake, the odds will automatically change, meaning that there is effectively many different max bets, depending on the price. This isn't an easy thing to display but we are working on means to do so. The sensitivity of the odds to change related to stake size is different for each match, dependent on our internal measure of the quality of the match.
3. You may be seeing prices whilst an individual point is in play, during these times we widen the spread to the outside of what our back and lay prices will be should the point go to either Player 1 or Player 2. If the point is an important one, such as a break point or a point in a tie-break, this can obviously be quite wide, although we prefer to do this than take the prices down completely. As soon as the point is over and before the next point has started the spread should be much tighter. We also denote this by a "Point In Play" caption but it could probably be better shown to avoid any confusion.
4. On the contrary, we have been making the prices on Betfair for many years now and as per a previous reply, we also supply other bookmakers with their prices, all our calculated internally and are not derived from anywhere else.

Hope this helps, and absolutely, am very clear this is a sharp community!

Many thanks
JAbet

maybe my english poor, 2. answer are not clear. So if any bettor lay any odd with 2k bet stake then you have to show this 2k bet stake to all bettors and every bettor must know that maximum Back stake is 2k for the same odd. If you are exchange bookie what is the difference between "show max. bet stake" and "don`t show max. bet stake" ?
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