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Internet Review - Bet Exchange |
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Sites relevent to
betting. Order is not indicative of status or quality. |
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This
has had money spent on it
 and it
looks and feels smooth. The help and info buttons supply you with enough
information to be happy with and the overall operation of the menus is good -
you generally end up where you wanted to go.
NEW Their basic
rules are 5% cut of the winnings and the maximum odds allowed has been raised
from 10-1 to anything. Its nice and simple. Our serious gripe is the little
phrase above the 'returns' column for each bet (the amount the winner gets). It
says "you could win". Well, no you couldn't. You might end up with that amount
of money if you win the bet but a good deal of the money was likey yours to
begin with.
A plus point for this site's British users, and that seems
who they are aiming at, is the fact that they use the standard U.K. odds
format, i.e. 2/1, 9/4. (so why do they write it like 2:1, 9:4? we don't
know)
With such a nice name it should do well but this site doesn't show
signs of attracting heavy hitters, its mostly £10 bets. If you are
looking for fun on a wide range of events for the price of a round of drinks
then this will do. ALWAYS read the agreement and rules before
betting. |
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REPORT
16/02/2001
There are some
nice ideas on this site, the layout is an attempt at using many small screens
at once to show a lot of information. There are little menus on the left that
give you all the available markets.
As with some of the other sites, Betfair uses the decimal
continental style of representing odds. For some reason they call them
'decimal odds'? We may never know why. Another feature unique to them is
they charge commission (5%) on net winnings. Five percent on an evens
bet works out as 2.5% on the total, just like the other sites. (A 2-1 winner
means 3.3% commission and a 1-2 winner means 1.67% i.e. its the same
overall)
You have to know what back and lay
mean but once you've got them sorted out in your head its reasonably easy to
understand the betting screen. This site takes a lot of action, with no limit
on the amount of money you can bet, up to the limit of your
deposit.
There is a nice touch with
 buttons next to each bet. Click on that and a clearer
explanation of what is on offer comes straight up. We like
it.
DOWNSIDE
Why don't the scroll bars on the left windows
actually scroll. You can miss a whole load of info if you forget they work
abnormaly. You need to be in full screen mode to understand the display
properly, in the standard 800x600 IE type browser window things are looking
messy. Many of the pop up windows appear off the side of the screen. Why? The
touted Spread Betting? Where is it, we couldn't find it. |
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| Summary |
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| Display :
6 |
Usability :
6½ |
Score : 6½/10 |
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| Cut : 5% on
net win |
Max Odds :
999/1 |
Limits : min £2 |
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| Based :
London |
Tel : 0870
0110 444 |
help@betfair.com |
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| THIS SITE HAS BEEN SUSPENDED. MONIES OWED SHOULD HAVE
BEEN RETURNED BY CHEQUE |
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| Summary |
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| Cut : see
above |
Max Odds :
any |
Limits : >
£5 |
| Based :
Maidenhead |
Tel : 01628
670007 |
betswap@betswap.com |
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 This is a new approach from Coral Eurobet.
We like variety but is this it?
Its certainly a nice idea to make all
markets a win/lose proposition because its simple to understand. (i.e. a draw
in a football match is a win for the away team) This however does rather rule
out more complex sports. They have a graphical approach to displaying the
history of wagers as if it were a stock market ticker which could in theory
show movements in a market.
The truth is that the market is not going to
move much and therefore any notion of "playing the market" won't work. Also if
you offer £7 you can only collect £10 in total, so your 25p tax
will come from the £3 you pick up. Thus your tax rate is more than
8%.
Good try but try harder. |
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| Summary |
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| Cut :
25p/£10 bet |
Max Odds :
any |
Limits :
none |
| Based :
Woking |
Tel : 07715
176768 |
info@play2match.co.uk |
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 Another standard entrance into the Bet
Exchange market place. Creating your own bet is flexible but there is little
explanation so you had better know what you are doing.
This site will
have to find a niche somewhere if it is to get a name and currently they claim
to have big football action. 10% tax on winnings, ouch.
Must try
harder. |
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| Summary |
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| Cut : 10% on
winnings! |
Max Odds :
any |
Limits :
none |
| Based :
Ipswich |
Tel : 0870
0136 121 |
player@play121.com |
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