£50 Welcome Bonus
Unlike traditional bookmaker operators, Matchbook is a sports betting exchange which allows punters to bet at more competitive odds. At Matchbook punters are allowed to both back and lay match outcomes. More advanced punters often prefer betting at a sports exchange, because they allow them to benefit from the increased odds.
Matchbook is licenced and regulated by the Alderney Gambling Commission and its offers services to UK punters under a licence awarded by the UK Gambling Commission. Matchbook was established more than a decade ago in 2004 and in 2011 new investors entered the company. In addition to a betting exchange Matchbook also operates an online casino.
Matchbook’s website features a white background, and all the options are displayed on a vertical menu on the right. You’ll notice right away that Matchbook doesn’t include as many sports in its sports betting offer, as most conventional bookies. The most popular sports are listed separately, and you can also browse all offered sports, alphabetically.
In addition to football and horse racing, Matchbook also offers baseball, basketball, Australian rules football, ice hockey, darts, golf and a few other sports. If you like to bet on football, there are few major leagues and international competitions that are available for betting and you can use the Matchbook bonus code whilst betting on all of these sports. Matchbook’s strategy is to focus on a fewer sports, competitions, and markets rather, but to offer a high degree of liquidity and favourable odds.
When you select the competition of your choice, you’ll see all upcoming matches, and you’ll have the option to either back or lay a selection. Next to each match, you will see information on the matched volume. You can offer a bet at a suggested price (odds), but you may also increase it or decrease it, if you think that you can get a better offer or if you’re certain about your choice. Once you’ve laid a bet you can put in the Matchbook bonus code ‘MAXSPORT’ and receive £50 cash back.
Handicap markets are also offered, and the principle is the same, if you want to lay a bet, somebody else has to back it and vice versa. Since there are punters who are familiar with sports betting at a traditional bookie and how it works but have no previous experience with betting exchanges, Matchbook provides information and explanations regarding all aspects of exchange betting that a punter needs to know before they start wagering.
Odds and Commissions
One of the main things that distinguish traditional bookmakers from betting exchanges is the way they make their profit. Betting exchanges charge commissions that punters pay on their winning bets, there’s no ‘vig’, and that’s why the odds are a lot more competitive.
Matchbook has commission rates, one of 1.50% and a lower 0.75% rate. A 1.50% rate is applied to all bets that are placed at accepted odds, i.e. at odds that have been offered by someone else. If you place a bet with a commission rate of 1.50%, you will pay 1.50% of your profit if the bet wins and 1.50% of your stake if it is a losing bet.
If you post an offer yourself and another punter accepts it and chooses to place a bet opposite of the one that you want to wager, you can benefit from a reduced commission of only 0.75%. In that case, if you make a profit of £100, the commission will be just 75p, less than £1. The commission is lower both in the case when you lose, as well as when you win. Matchbook provides detailed information on commissions, how the system works and how you can place a posted bet and get a lower commission rate.
Live and Mobile Betting
Matchbook allows punters to lay and back bets on matches that are already underway. Live betting is dynamic in general, and it is even more dynamic on a betting exchange. The odds change quickly, and a lot of money can be won in a relatively short amount of time. Matchbook offers at least few matches for live betting each day, and you can check whether a match will be available for live betting even before it starts.
Matchbook is available on mobile devices, and this operator has developed few mobile betting apps that can be downloaded by punters. There’s an iPhone app, an Apple Watch app, an iPad app and an Android betting app. The first three are available at the App Store and can be downloaded directly from there, where a link that will allow you to download the Android app is available on the website. The mobile betting apps are fully functional and will allow punters to back and lay bets and make payments.
Matchbook Bonus Code
Even though Matchbook is an exchange and not a traditional bookmaker, it still offers a special Welcome Bonus to new customers. Punters who register an account can claim up to £50 in Cash Back during the first 5 weeks of betting. Receive this £50 Welcome Bonus with the Matchbook Bonus Code MAXSPORT. Even if you lose, your stake will be refunded into your account.
All punters who deposit using their credit/debit cards eligible. For every £1 paid in commission, regardless whether the bet has won or lost, the punter will receive a Matchbook point, and when at least 5 points are collected the punter can claim £5. The maximum amount of cash that can be claimed is limited to £5. Matchbook is a betting exchange. The Matchbook £50 Cashback Offer is open to new customer only, and you’ll receive thius once you’ve entred the Matchbook bonus code.The Cashback Offer is over a period of 5 weeks on the opening of your Matchbook account. This offer is only available to new customers who deposit using a credit or debit card.
Matchbook accepts few payment methods – Visa cards, Neteller, Skrill and Paysafecard. Matchbook generally doesn’t charge fees or commissions on deposits, unless there’s an extra cost which for processing a particular deposit, in which case a fee might be applied, but not without prior notice.
It should be noted that the commission fees might change depending on the amount of wagering and the payment activities of each punter. The deposit and withdrawal limits may vary, and they also depend on the punter’s reputation and activities. The minimum amount that can be wagered at Matchbook is £2.
Matchbook offers customer support via few communication channels, including telephone, email and live chat. If you want to start live chat, you just need to click on the live chat icon and then select the issue you need help with. You can also follow Matchbook on social media and stay in touch with the latest offerings, news and Matchbook bonus code.
Take a look at Matchbooks free bets here.