• Tony Kofalt
    277
    Hey guys- a question was raised on Paceadvantage regarding hedging open tickets in horse racing. It reminded me of a time maybe 2 years ago when a friend of mine and myself had several live futures ticket in the NFL and MLB.
    My friend was familiar with a fairly new service named Propsway.com . It was essentially a marketplace where customers could buy and sell live tickets. I don't recall much about the transactions except I felt we were fairly compensated. I do not believe horse racing was included.
    Has anyone had any experience with Propsway.com?
  • Dave Schwartz
    187
    Oops. That site is dead.
    Dang.

    I did a search for sports betting exchanges and got (basically) BetFair for sports betting - all outside the US as far as I could tell.

    Was the concept to sell a ticket that had (theoretically) changed in value?
  • Conley
    298
    I heard that this was a thing back then and don't really hear about it now

    Was a cool idea to buy/sell futures on sports/horse racing but I guess people are not into it right now

    PS: I just hit 100 posts! YEA!
  • Dustin Korth
    43
    Essentially like the "Cash Out" option all the major sportsbooks offer these days except it's an open market. Really interesting. Sounds like it would be tough to implement though. I think you'd need integration from the tote the ticket belongs to right?
  • Tony Kofalt
    277


    Congrats Conley- you certainly deserve it!!
  • Conley
    298
    Thanks Tony I appreciate it! :)
  • Tony Kofalt
    277


    Dave the site was propswap.com sorry for the error
  • Dave Schwartz
    187
    Dave the site was propswap.com sorry for the errorTony Kofalt

    Thanks.

    Now I need someone to explain it to me.
    Doesn't seem to be much of that on the site. LOL
  • Tony Kofalt
    277


    As I recall it was a marketplace of sort where one could hedge and sell certain types of bets. You may have a futures bet worth $7500, (let's say the NE Patriots to win the AFC championship). As they continue to win and the wager gets closer to maturing the ticket value increases and folks will make offers to purchase the wager from you.
    I don't know all the specifics, but a friend of mine did use this service with me and I was pleased with the outcome.
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