Molly Exchange
Molly Exchange provides an online betting option for punters, that surpasses all expectations!
Introduction
Through their pledge for excellence, BSO has stated that more services would be added to their portfolio as soon as the vetting process would be completed. Pursuant to this statement, they announced the addition of Molly Exchange. A exchange that their clients can have access to if they open a single account to handle multiple bookmakers.
Also pursuant to the stated objectives of Bet in India as a sight, let’s provide you with our take of what exactly this new service is. In a nutshell, it provides an additional online betting option for punters, that surpasses all expectations.
An Interesting Offer
In a sportsbook bettors try to beat the house. That produces its own fun and rewards. However, the excitement pales in comparison to playing against other players on one’s own terms and one’s own prices. This is what Molly Exchange is all about.
BSO added an alternative bet slip to their user interface to accommodate the added selections that accompany the option. Through them, it is made possible for punters to ask for the stakes and odds that they want to place wagers at. As long as there are other players that match the offer, either partially or fully, the game is on. Furthermore, in essence there are no maximums to either the limits in the amounts or the odds.
New betting option
As is the staple of an exchange, players will have the option to wager in favor (“back” bets) or against, a certain outcome (“lay” bets). After they have decided on where to place a bet, they will have access to the existing odds and amounts for the event they have chosen. Molly Exchange gives them the chance, if they do not like what they see, to scrap everything and make a new offer that includes their own preferences. This new offer will be placed in queue, waiting for other players to match the wager.
While this is more or less what would be expected from an exchange, this is where it gets interesting. The new twist is called “Dark Orders” and it was designed to negate the chance of “price discovery” practices. It assumes that the new offers pertain to higher amounts and odds than the existing and it allows the orders to be placed without revealing the prices. Should this be the case, then said order will not appear in any list either in the user interface or through the API module. In addition, it will be matched according to the opposite bets as they are submitted.
Final Remarks
Even if so far the options are limited to certain markets (Asian Handicap, Over/Under and 1X2) due to the module still being in its initial stages, it’s a service that people have been asking and waiting for, for quite some time. Molly Exchange decided to release a product that covered the need, and therefore, earn a place for inclusion into the best sports betting software.
