Matchbook Review and Promo Codes
Matchbook is defined as a ‘peer to peer betting exchange’, along similar lines to other betting exchange websites that offer this style of betting experience. The bookmaker allows you the opportunity to essentially bet against other users, as well as placing your regular bets on the selections of your choice.
As a betting exchange website, Matchbook is relatively new to the scene, joining the likes of Betdaq, Ladbrokes Exchange and Smarkets in offering something a little different to customers than the standard method of betting.
Along the same lines as other betting exchange websites, Matchbook does also charge commission on winning bets placed by customers. This is standard practice for betting exchange websites, and Matchbook claims to offer low rates of commission and no limits on winning accounts.
In order to elevate themselves above the competition within betting exchange websites, Matchbook also offer a number of supplementary additions for users.
These include a Matchbook Insights section, which acts as a detailed news round-up of all relevant sporting issues, debates and betting related information. They also offer a Betting Insights section, which offers advice and tips to customers regarding the best markets available.
Matchbook is still establishing itself as a player in the betting exchange market, with those bookmakers already operating as one having a strong grip on the market at the moment.
As an interesting marketing technique, Matchbook host regular public speaking events to boost their profile and highlight issues in online betting and gaming. They present notable experts on these issues to speak about a real range of issues including political betting and economical betting, and the growth of both markets in the current UK climate.
Continue reading our Matchbook review for more information on things like the current Matchbook sign up offer and how you can claim Matchbook free bets.
Pros & Cons of Matchbook
- Liquidity issues a major problem
- Limited number of sports and markets covered
- Not designed for multiples
Signing Up/User Interface
Matchbook insists that its main goal is providing maximum value for its customers. To this end, it strives to provide significant liquidity in whichever market a punter wishes to get trade in.
Matchbook has two different commission rates. If a punter accepts an existing offer in an exchange market, the standard commission rate is 1.5%. If an offer is posted which another customer matches, the standard rate is 0.75%. Both these rates are extremely competitive and compare favourably with Matchbook’s competitors.
Liquidity in betting markets is essential to the success of any exchange company and Matchbook’s website makes a confident statement.
It reads: “We want to grow our community by focusing on our liquidity, one market and sport at a time. To do this, we ensure we have critical mass along with the best price and liquidity offering in the industry, before we add any further markets. We firmly believe that Matchbook’s (competitive) commission charge will continue to drive long term volume to our platform.”
Joining Matchbook is a simple procedure and can be done via the website, www.matchbook.com.
There is a big incentive for new customers with a £500 commission refund in the first five weeks and although the size of this bonus will only apply to punters with large betting banks and a decent success rate, it is nevertheless a generous and enticing offer. Those operating at smaller stakes will also benefit, but not to the same financial degree.
Matchbook does not provide foreign exchange services. All transactions are processed in the currency of customers’ accounts, which is clearly acceptable for the overwhelming majority of clients.
However, if a customer chooses to send or receive funds in a currency that differs from his or her Matchbook account, the payments provider may charge foreign exchange fees.
Matchbook’s stated policy of expanding its betting markets one at a time with a view to providing substantial liquidity means that it cannot offer the same breadth of sporting events as some other exchanges such as Betfair, but that may well change in time if the company continues to expand.
For now, the main areas of liquidity surround horse racing, football, American Football, greyhound racing and basketball, as seen by their prominence on the left-handed side of the website’s home page.
However, if customers click on the “All Sports” icon, several other sporting markets can be accessed.
An in-running betting facility is also a central part of the home page along with a casino link which includes blackjack and roulette.
Should customers run into technical difficulties, there is a help centre which features a comprehensive list of frequently asked questions with solutions.
Customers who cannot find out the information they need can contact Matchbook customer services in the UK and Ireland. The telephone numbers for these are supplied.
Statistics and Form
Matchbook’s race-by-race set-up concentrates on the win and lay odds in both the win and place markets, but punters are given help via a smart stats icon which can provide helpful clues in the puzzle-solving process. There is also a brief analyst’s summary with selection and draw bias verdict, both of which add to the customer’s weaponry.
Streaming and Content
The site lacks live streaming, commentaries and radio which are all available with industry leader Betfair and which would engage with punters trading in-play.
The website has an ‘Insights’ section which is a must-read for punters who are serious about making a profit on the sport(s) of the choice.
Expert advice is provided not only on individual sporting events, but betting strategies and the way to move forward with the maximum opportunity to win money.
There are also regular podcasts which focus on NFL, football and horse racing.
Availability of Market Options
Matchbook offer a wide range of market options. This includes a substantial offering of in-play markets, and the option to enter into betting exchanges with other users
This option is available to all users, making Matchbook easily accessible from mobile, tablet and laptop devices
Focus on ‘Minority’ Markets
Less popular sports have been given greater attention compared to other online bookmakers, with American football being a key market they are looking to develop
Dedicated Sports Blog/Insights
This service offers a greater depth of information on sports news, as well as pointing customers in the direction of offers and promotions that are available through other websites
How to Sign Up to Matchbook
Creating a new account with Matchbook is relatively very simple.
- Firstly, click the Join/Login button and hit Join Now at the bottom of the popup.
- You will then see a registration form, where you enter your email address and phone number, before setting a username and password.
- Select your currency and enter your Matchbook bonus code if you have one.
- There is a verification process involved in creating an account, where you need to provide certain materials to prove your identity before you’re able to withdraw funds from your account.
You can use documents such as your driving licence, a proof of address or your credit or debit card to verify your account.
How to Use BETDAQ Bonus Offers
You can take advantage of a £500 commission bonus as part of the Matchbook sign up offer for new account holders. You can claim this bonus as soon as your account has been registered and you have placed a valid bet with your new account.
The commission is paid once a bet has been settled by Matchbook, and the commission has been calculated in accordance with the bet placed and the relevant terms and conditions. Other eligibility criteria is required, including Skrill account holders not being allowed to take advantage of the offer and duplicate accounts also being classed as ineligible for it.