As I’ve mentioned above a betting exchange allows you to set your own prices which is known as ‘laying’. However you can place regular bets just like you can with any classic bookmaker, you are simply placing a bet on a price that another user has offered.
So if betting exchanges only allow the public to bet against each other how do Matchbook make their money? Matchbook.com charges 1% commission on each bet you place, the rate will be applied to the profit on winning bets. For losing bets, it will be applied to the lower of the stake or potential liability amount. This is slightly different to how Matchbook’s competitors work, for example their biggest competitor Betfair charge 5% commission on total winnings which is considerably higher than Matchbook’s rate of 1% however Betfair don’t charge commission on losing bets.
Matchbook is fast becoming betting exchange to rival market leader Betfair and they have recently announced a superb new customer welcome offer which will give you up to a whopping £500 worth of free bets!
You will receive 0% commission fees on all sports betting on the site until 31st December 2018. That’s right, you are reading correctly! Zero commission on all sports bets made through Matchbook including football, tennis and horse race bettng!
If you are tired of Betfair’s commission charges and the ‘Premium Charge’, with 0% on horse racing there’s no excuse for not giving the Matchbook exchange a try.
Make sure you input the bonus code ‘MAXBET’ when registering to ensure you receive the best bonus currently available. Visit Matchbook for full details and how to collect the free bets.
A quality and easy to use website is so important nowadays and Matchbook have that. Their website is simple and it’s very easy to navigate between the different sports and place a bet. You can also bet in-play on the majority of sporting events and the odds are extremely competitive due to the nature of betting exchanges. Admittedly liquidity can be an issue on the smaller sporting events however it appears to be improving all the time.
Matchbook don’t just allow you to bet on sports, they also have a casino section which is a new addition to their website. Why go to the casino when you can bring the excitement to your own home, with Matchbook you can play Roulette, Blackjack, Poker and more.
All in all Matchbook are a very good betting exchange and an excellent alternative to Betfair. They offer a brilliant risk free bet upon creating an account and their commission rates are very low at just 1% per bet. I’d highly recommend signing up today by clicking the link at the top of this page so you are eligible for the £500 cash back free bet.
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