Molly Exchange
Molly Exchange allows you to bet on exchange across multiple bookmakers, all at once!
It gets even better!
Of course, playing against other players has its own advantages. Like in a regular exchange, one can easily place bets on both “back” bets, which are in favor of an outcome, or “lay” bets which are against it. Because of this, an alternative bet slip was designed.
The slip will present both back and lay options alongside their current liquidity as provided via relevant bookmakers next to each other. If a punter wishes, they can also ask for a better price than what is available. The order stays in the queue until it is matched by another bettor.
Additionally, there is now an aggregation line on the top of the display that shows the total available for all markets and prices from every bookmaker. These are to be divided into three groups with them being “best”, “average” and “total”.
Finally, there is also an option that can be found in the “My Orders” section. This will let a punter cancel any open order instantly. Unmatched amounts will be removed from the exchange by doing so.
Dark orders
It is not over yet, there are many more perks with Molly Exchange. Did you ever hear of the betting process called “Dark Orders”? Here is how this version of it works: The punter is allowed to place a bet at greater amounts compared to what they have without unveiling the size or the price.
If they choose to use this option, the order is also placed in the queue of available liquidity and it’s classified by order of odds and time to be matched to other incoming bets that are submitted. However, such bets will not be visible via the API module or the user interface.
The first prerequisite of a dark order is that the value of the specific order must always exceed a certain amount. Currently, this amount is set to 100 Pounds. The second requirement is that you choose to specify a minimum limit which any other player will adhere to.
The functionality is specifically designed to protect players from “price discovery” activities. For example, if a punter wagered 2,000 Pounds on a lay bet against a team, you can as for a minimum incoming order of 1,000 Pounds.
Market eligibility
At the start, bettors will only be able to Deadball bet about full-time football results for the markets such as Asian Handicap, Over/Under, and 1X2. Additional options will be added gradually before the beginning of the 22/23 European season.
VIP-IBC has been among the first to realize that the future of betting lies in endeavors like ours. Step by step we are incorporating every single aspect of single bookmaker betting into our algorithms. We strongly recommend that you open an account at the best betting platform now, and enjoy the benefits from early on.
