Welcome to the latest episode of The New Bookies Ring podcast series, featuring Combet.
While The New Bookies Ring series has been profiling a bunch of new bookmakers, today we have something very different. Combet is – to anybody’s knowledge – the first of it’s kind in the betting world.
It’s an attempt to create a completely automated fixed-odds bookmaker.
The punters set the odds (via auction), and then bet into the book with fluctuations controlled by algorithm.
The founder of Combet, Jake Howard, joins us to talk about it.
The New Bookies Ring: Combet with Jake Howard
- Jake’s own background in betting
- Where the idea for Combet came from
- How does a Combet auction work?
- When does the auction stop for each horse?
- Stopping auctions from being manipulated
- What happens when the auction period ends?
- How do the prices move after the auction period?
- How do automated market percentages work?
- Jake’s goals regarding Combet
- How many punters does Combet have?
- Who are Combet’s customers so far?
- What does Combet offer customers that others don’t?
- Are Combet’s prices very different to other bookies?
- Is this model being used anywhere else in the world?
- Will Combet try to appeal to a wider range of customers?
- Is Combet going to be a wholesale platform?
- What have the results been like so far?
- When do the auctions take place? Why?
- What is the future for Combet?
As a punter you may have noticed that in recent times, a whole new raft of online bookmakers has emerged. Some are former on-course bookies, while others are new to the game in Australia.
While we’re all very familiar with the larger corporate betting companies, we perhaps don’t know as much about this next generation of online bookies.
So we’ll be speaking to a whole range of new, boutique and upcoming bookmakers who’ve taken their business online, and finding out what they have to offer us as punters.
Should we be betting with them, and why?
You can find us below or anywhere you get your podcasts:
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