£50 free bet
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.com have a superb welcome offer for you to take advantage of, they are currently offering all new customers a £25 risk free bet. All you have to do is click the link above and simply place your first bet on Matchbook.com and if the bet loses they’ll refund your stake up to a maximum of £25 in bonus funds. To be eligible for this bonus your first bet must be staked at odds of 2.50 or less, or a ‘lay’ bet at odds of 1.67 or greater. It should also be noted that bonus founds can only be withdrawn after the bonus funds amount has been rolled over three times on the exchange.
Matchbook don’t just offer you an excellent risk free bet, they have a number of other promotions which you can take part in. As I’ve mentioned above, Matchbook make their money by charging commission and they regularly offer lower rates of commission which is advantageous, for example at the time of writing, you can bet in-play on any tennis match commission FREE! You can also bet on Soccer Asian Handicaps and you’ll only be charged 0.5% commission compared with Betfair who charge a huge 5%.
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 £25 risk free bet.
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