Matchbook

Matchbook formed in 2004 and are a popular choice of betting exchange due to the fact they charge a very low commission. Matchbook are listed in most matched betting sites odds matchers and with such a low commission, they provide an excellent opportunity to increase profits when matched betting. Matchbook is licensed and regulated by the Alderney Gambling Control Commission (AGCC) and the UK Gambling Commission.

 

Open an account with Matchbook and get £500 Cashback!

 

Matchbook.com

The Matchbook.com homepage

 
The Matchbook website is laid out very nicely with events easy to find either by the sport categories in the sidebar or by using the search feature. We also found the website to be extremely fast which can come in helpful when placing in-play bets or for events where the odds are changing quickly. The back and lay buttons for each event are coloured blue and pink which is the same as on Betfair and placing a bet is as simple as it can be.

matchbook bets

How to place a bet on Matchbook.com

To place a bet on Matchbook.com simply find the event you wish to bet on and click on the back or lay button for the market. You must ensure there are enough liquidity on the market before placing you bet otherwise your bet may not be fully matched. You can see how much liquidity is on the market as it is shown below the odds. Once you have clicked on the market with the odds you wish to bet on your bet will be added to your betslip. From here you can enter your stake which will then show the liability for the bet. You must have enough funds in your account to cover the amount shown as the liability as this is the amount your account with be debited should your bet lose. Once you have entered your stake, click on the green ‘tick’ button to confirm your bets. You can check if your bets have been matched or not by clicking on the ‘matched’ and ‘unmatched’ tabs on your betslip.

Note : If you are seeing USD ($) displayed on Matchbook and would prefer GBP (£), simply click on the ‘gear’ icon in the top right corner and you can change the currency along with the odds format.

 

Betting Markets

Most major sports, leagues and events are listed on Matchbook such as football, tennis, golf, cricket and horse racing. However, they do lack in slightly in some less-popular sports compared to bigger betting exchanges such as Betfair. You will also find that the liquidity on Matchbook is quite a bit lower than that on Betfair due to a smaller customer base. You should have no problem having bets matched on popular events but you may struggle on lesser-known events and markets. Thankfully, a lot of the top matched betting sites will show you how much is available on the exchange for each bet in their odds matchers which will save you time looking for markets with enough liquidity.

 

Matchbook Commission

As mentioned, Matchbook charge a very low commission which makes them an appealing choice over other betting exchanges. However, the terms of their commission charges are slightly different to that of most other popular betting exchanges. With Betfair, Smarkets and Betdaq, customers only pay commission on winning bets. However, with Matchbook, you will pay commission on both winning and losing bets. The commission you pay will likely still be less than you would pay using Betfair but it does somewhat taint the excitement of such a low commission charge.

The level of commission you are charged depends on a few factors. First of all, commission is charged on either profit made from a winning bet or the lesser of the stake or potential profit on losing bets. If you place a bet using odds which have already been set then the commission is 1.5%. If you create your own odds you will be charged at a lower rate of 0.75%

Example : 

  • You back Liverpool to win at odds of 2.5 with a stake of £10
  • Liverpool win the match which gives a return of £25
  • Your profit is £15 and so you pay £0.38 commission (1.5% of your profits)
  • If Liverpool fail to win the match you would pay £0.15 commission which is 1.5% of your stake (In this example your stake is less than your potential profits and so commission is calculated on this amount).

Example 2 : 

  • You post odds for Arsenal to win at odds of 2.5 with a stake of £10
  • Arsenal win the match which gives a return of £25
  • Your profit is £10 and so you pay £0.11 commission (0.75% of your profits)
  • If Liverpool fail to win the match you would pay £0.08 commission which is 1.5% of your stake (In this example your stake is again less than your potential profits and so commission is calculated on this amount).

However, if you reside in the UK or Ireland then there is an additional ‘consumption tax’ which is added to your commission. This is added automatically and instead of paying 1.5% or 0.75% commission you will pay 1.7% or 0.85%.

 

Open an account with Matchbook and get £500 Cashback!

 

Matchbook Signup Offer

matchbook signup offerAs a new customer of Matchbook you can earn up to £500 cashback in your first 5 weeks. The signup bonus works on a points scheme where you earn 1 point for every £1 you pay in commission. Every time you earn 5 Matchbook points your account will be credited with £5. You can claim a maximum of £500 cashback with this offer within the first 5 weeks of opening your account.

You pay £1 commission to Matchbook for every £100 won or lost and so to receive £5 cashback you must have a total of wins and losses of £5000.

 

Matchbook App

As well as a fully responsive website, Matchbook allow customers to place bets and manage their accounts on mobile devices using the Matchbook app which is available for Apple and Android devices. The app is well laid out and finding events and placing bets is a breeze. You’ll find the same markets on the app as you would on the website and so customers have complete freedom on when they want to place bets using Matchbook.com.
 
matchbook app

The Matchbook mobile app

 

Matchbook Customer Support

Matchbook offer customer support via email, telephone and live chat. Live chat is usually the preferred choice when an answer is needed quickly and this service is available from 8am-1am GMT. Upon testing this service we waited 37 seconds before being connected to a member of the support team who dealt with our issue extremely well.

  • Twitter (click here)
  • Live Chat (click here)
  • Telephone ( UK – (+44) 203 642 6867 | Int – (+353) 21 242 8626

 

Conclusion

Matchbook is a popular betting exchange, mainly due to their low commission rates. However, if you reside in the UK or Ireland then you will have to pay a slightly increased rate due to consumption tax. Despite this, commissions are still less than other top betting exchanges and so there is value in using Matchbook as an exchange when matched betting. Markets don’t see as much activity as Betfair but their should be enough liquidity on popular games and events. We recommend having an account available at Matchbook when matched betting as there will be occasions when using them will return more profits than when using other exchanges

 

Open an account with Matchbook and get £500 Cashback!

 

Available Markets
14.5out of 5
Market Liquidity
14.5out of 5
Customer Support
18out of 5
Deposit Withdrawal Times
18out of 5
Welcome Offer
16out of 5

4.07

4.07 out of 5
Good

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