Who are they?
A relative newcomer to the exchange market (2004), Matchbook is a rapidly expanding competitor to the more-established exchanges of Betfair and BETDAQ, and is fully-licensed by the Alderney Gambling Control Commission and UK Gambling Commission. Offering a number of sports options, including football, tennis and recently-added horse racing markets, this is a genuine contender for the Betting Exchange crown held for so long by its more-established rivals.
New Customers Only. 18+. T&Cs Apply. Wagering Requirements Apply.
Why should I bet with this exchange?
The relative benefits of betting on an exchange as opposed to a traditional sportsbook are well-documented (more favourable odds, limits which are decided only by what is available to be traded, and an approach that actively supports and encourages ‘winning’).
Yet from an exchange perspective, quite simply Matchbook offers a more favourable commission than Betfair (1.5% on accepted and 0.75% on posted bets in comparison to Betfair’s more standard 2-5% on wins). Minimum bets are €0.01 and there are no limits other than what is available to trade.
In the US Sports market, Matchbook’s liquidity is unrivalled.
Odds can be displayed in US, Decimal, Hong Kong, Malaysian, Indonesian and % formats on the incredibly user-friendly platform, and if you are looking to bet regularly medium limits, or trade, then an account here is imperative. Likewise for exchange novices, this platform is a great way to feel your way in.
Why shouldn’t I bet with this exchange?
Similar to all exchanges, the liability that a player attracts can be greater than the stake, but as long as a customer is clear on this point, then this should not be an issue. Certainly all exchanges make this abundantly clear, and ensure maximum liability is covered in the betting bank before a bet is accepted.
Otherwise, perhaps the only drawback to betting here is its relative size, resulting in fewer markets and relatively less liquidity (currently) than some of the major players, except in the US Sports market where Matchbook is king. But with the platform growing at a break-neck speed, these issues will not remain relevant for long.
Emphasising the above points, currently within the horse racing markets, the exchange only offers win and selected ante post markets, but according to the website, ‘additional markets (such as each way) will be made available very soon.’
Also, this is perhaps the only exchange that charges commission on winning AND losing bets, but this explains the platform’s ability to offer the lowest commission on the market.
Current Sign-up bonus
New customers get £50 cash back by placing £50 in back or lay selections within the first five weeks of opening the account (the qualifying period). This offer is only available to customers who make their first deposit via debit or credit card.
How do I access the sign-up bonus?
- Create your account and deposit funds.
- Find the markets you want and start betting.
- You will not be charged any commission for bets placed on any sport for the rest of 2018!
Other noteworthy specials
The platform’s post special is a particularly good deal, ensuring those punters who post their bets pay only 0.75% commission.
The exchange has also recently ventured into the Horse Racing market, and although it no longer offers 0% commissions, players will get ‘treble odds’ on their first Back or Lay bet on any horse racing win category. The only caveat is that the initial deposit must be made via credit or debit card.
Sports and markets available
Noted previously as a relative weakness of the product, the number of sports and markets available does not compete with the larger exchanges. Yet do not let that detract from the fact that on the 13 sports it currently offers (along with politics – currently markets on the French presidential election, and whether or not Donald Trump will be President of the US on Jan 1st 2018 are available), the odds offered are almost unparalleled, and that is a major bonus of this exchange.
There is nothing particularly fancy about the site, with its layout not dissimilar to other exchanges. It appears Matchbook’s commitment in providing a true exchange service to its customers is not to be undone by unnecessary style innovations or gimmicks.
Phone, email and live chat functions, the latter of which is available 9am to 3am 7 days a week. The ‘getting started’ and related options on the site are particularly useful to those new to exchanges https://matchbook.com/page/getting_started/getting-started/
The usual selection of bank transfer, InstaDebit, Neteller and Skrill (Moneybookers).
4.5/5 – As exchanges go, although Matchbook may not quite provide the depth of markets of Betfair or BETDAQ, say, it is still developing into a first-rate exchange with highly competitive odds and a commission structure which are a fine way to introduce novices to the world of exchange betting. That is not to say more experienced and serious punters won’t find something here too, as there truly is something for everybody at this no-nonsense site.