WBX Second Birthday Celebration
WBX.COM (World Bet Exchange) celebrates its second birthday on Tuesday November 25th after a “highly successful second year of trading”.
The launch of WBX coincided with the first running of the WBX.COM ‘Fighting Fifth’ Hurdle and the introduction of the WBX Triple Crown.
The WBX Triple Crown rewards connections with £1 million if the Fighting Fifth winner goes on to be victorious in the Christmas Hurdle at Kempton and then the Champion Hurdle at Cheltenham
The WBX Triple Crown has yet to be won but with the third running of the ‘Fighting Fifth’ under the WBX sponsorship banner being run this Saturday we are optimistic of success this year.
Following on from a fantastic first year, when WBX was winner of the 2007 Netprophet Award for Best Exchange and received a Silver Award at Gambling Online Magazine’s Annual Readers’ Poll, WBX has now established itself as a force in the bet Exchange market place.
In the past 12 months alone the company has seen its Members wager over £500 million against each other. This is a staggering amount for a new Exchange launched in only 2006 with the aim of providing an alternative for bet Exchange users.
A recent study of commissions paid at WBX in comparison with the same activity using Betfair’s commission structure revealed WBX Members would have paid 35% more at Betfair.
During the year ended 30th September 2008 WBX has continued to invest in the development of the trading platform with the introduction of innovative technologies and will do so in 2009 and beyond.
The Exchange has recently carried out a significant upgrade, the biggest since launch, which has brought significant improvements to the site. The most notable addition is a new user-friendly market view interface. This allows members to view markets in Exchange View or Sportsbook View. Both are fully customisable through Market Depth and Minimum Win settings.
Members also have access to dutching tools and the ability to share markets on forums and other media via our ‘Market Snapshot’ feature.
WBX Members are now also able to deposit and withdraw funds via Moneybookers in addition to NETeller and NETeller China.
Following the successful recent launch of morning BAGS, WBX will soon be offering markets for every UK greyhound meeting as well ascontinued expansion of its coverage of European soccer. A new handicap interface is also on the horizon.
As well as new markets and functionality there is also the imminent launch of WBX’s PDA/Mobile betting platform, a specially adapted version of WBX optimised for use via PDA/Mobile devices that offers the same value prices and betting opportunities as the main WBX website.
WBX, licensed and regulated in the UK by the Gambling Commission, understands that Members want to know that their stake money is safely and securely held. WBX’s Members Funds are held under trust deed, ring-fenced in separate bank accounts and held within a separate company (WBX Members Funds Limited) that does not otherwise trade. We believe that WBX is still the only Exchange where Members Funds are inspected independently every quarter and where the results are published on the website.
WBX.COM CEO Malcolm Gray said, “When we launched in November 2006 it was always our intention to provide an alternative to the current market leader. We have provided that and will continue to offer a choice to Members, old and new.
We have experienced some fantastic highs through the year but Euro 2008 was particularly good for us. New Members were given a football shirt of a nation of their choice to celebrate the European Championships despite the absence of the Home Nations. As an extra bonus to existing Members we offered free bet specials on all matches.
WBX are committed to providing a reliable, efficient and user-friendly Exchange where Members are rewarded for their support and not punished. It was always our intention to put the Exchange player back in control. With the help of our Members I am hugely optimistic for 2009 and hopefully it will start with the WBX Triple Crown being won for the first time.
I would like to thank all our Members who have joined us so far and the record numbers who are betting on the Exchange on a daily basis and for those yet to join us, why not? We will match your existing commission rate on your current Exchange and you will join an Exchange where you are a person and not just a number”.
