4.5/5
Updated Updated: August 29, 2019

Matchbook review and bonus

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Matchbook is a popular sport betting exchange contender to the more traditional Betfair and BETDAQ/Ladbrokes. It was launched in 2004 and is licensed by the UK Gambling Commission as well as the Alderney Gambling Control Commission. These two-licenses, as well as its longevity in the business, give Matchbook exchange a highly trusted reputation.

Matchbook became known for its specialisation in US Sports. Since then it has expanded into the Asian and European markets, offering a wide selection of football, horse racing, rugby and politics among others.

Pros
  • Extremely high odds
  • Low commission rates
  • Lay betting available
  • Wide range of sports
  • Lots of educating special features
  • Excellent customer support
Cons
  • Limited betting markets
  • Νο live streaming
  • Average live betting
  • Few available languages

Matchbook, the UK’s most trusted betting exchange

matchbook betting exchange

Bookmakers are well known by everyone, they offer you odds and you bet against them on sports or any other events available. A betting exchange like Matchbook is more of a stock market, where users have the option to trade on the outcome of an event and bet against one another. You can either back a selection, meaning you’re betting on an outcome to happen, or you can lay a selection, betting on an outcome not to happen. Unlike bookmakers, a betting exchange platform doesn’t really care if your bet wins or not because they never use their own money to lay a bet. Instead, they charge a commission on winning bets or potential win amount in the case of losing bets. Because the exchange market is driven by supply and demand of its customers, the odds tend to be higher than what you would find at your bookmaker.

Matchbook Bonuses and promotions

Old and new customers will be pleased to know that a Matchbook bonus or promotion is always up and running. This helps keep its existing customer base happy while also trying to expand it.

Matchbook sign-up offer

Matchbook understands the importance of attracting new customers to their website before its competitors. As such, they offer a very friendly welcome bonus to new customers to their platform in the form of a £10 no risk bet.

matchbook welcome bonus

Other Bonuses and Promotions

Old and new customers will be pleased to know that a Matchbook bonus and promotion are always up and running. This helps keep its existing customer base happy while also trying to expand it. Matchbook is known to offer the lowest commission in the industry!

low commission matchbook

Horse Racing 1.5% Net Win Commission

Tennis 2.00% Net Win Commission

To encourage customers to avail of their growing horse racing market, Matchbook offers a 1.5% only on winning bets. This is a low rate in the industry and there is no commission applied to lose bets.

This offer is available on any tennis markets and all customers are eligible at Matchbook’s discretion. You will only have to pay a 2.00% commission and that is only for winning bets.

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Casino Sign Up Offer 100% up to £100

This promotion only applies to new customers on the Matchbook casino. It matches the initial deposit, or “buy-in”, with £100 being the maximum matched amount. There are three buy-in amounts available: £20, £50, £100. To release the matched bonus amount, a new customer must rollover 35 times their buy-in amount.

casino bonus matchbook

To be up-to-date with the bonuses and offers, a regular check on this Matchbook’s review page will provide you with the latest offers.

Matchbook Sports and other Betting Markets

Matchbook made its name of its focus of the US betting markets. After 7 years from its launch date, in 2011 it was taken over by investors with history in sports betting in the UK. Since then, it has put great effort into expanding its presence and attracting customers from Europe and Asia.

Its portfolio of betting markets has rapidly increased while keeping true to its reputation of a specialised betting exchange in US sports. Some betting markets available on Matchbook include:

• American Football
• Baseball
• Basketball
• Boxing
• Cricket
• Golf

• Horse racing
• Ice Hockey
• MotorSport
• Rugby
• Soccer
• Tennis

Besides sports, Matchbook also offers markets on politics, mainly UK and USA. A Matchbook betting on who will be or who will not be UK’s next Prime Minister, or USA’s next President, adds some extra fun and entertainment to the betting experience.

Matchbook Casino and Live Casino

matchbook casino

Even though it is primarily online sports betting exchange, the Matchbook Casino does not disappoint in its diversity of games such as Blackjack, European Roulette, Poker and Baccarat. It also offers some of the leading video slots in the gambling industry provided by NetEnt, such as Dead or Alive 2.

For those who seek the thrill of live casino games, Matchbook delivers it. It offers the traditional Blackjack, Poker, and Roulette while providing alternatives such as Deal or No Deal and Live Monopoly.

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Matchbook Commission

The average commission rate charged by Matchbook is 1.5%, although this varies depending on the betting market. This rate is applied to both winning and losing bets accordingly. For winning bets, the Matchbook commission rate is charged only on the profit. For losing bets, this rate is applied to whichever is the lowest amount between the stake or potential profit. Matchbook’s commission rate is one of the lowest among the competitor. For comparison, the giant betting exchange Betfair offers a market base commission of 5%.

Payments and Withdrawals

Matchbook customers can choose from several options on how to deposit funds into their account, as well as how to withdraw funds from the account.

payment method matchbook
  1.  Sign into your Matchbook account or register an account if you haven’t already
  2. Go to the deposit page by clicking on the Deposit button in the upper right corner of Matchbook’s web page
  3. Choose your preferred method of payment to add funds to your account.
  4. Enter the amount you wish to deposit to your Matchbook account
  5. Submit the deposit and make sure the funds are available straight away in your account.
  1. Sign into your Matchbook account and make sure your account is verified. To do so, click on your username in the upper right-hand corner of the web page, then select the “withdraw” from the slide-out menu. Follow the steps in the account verification section by uploading the required documents and photo IDs to verify your account. All customers must have verified accounts in order to have their withdrawals authorized.
  2. Once your account is successfully verified, you can go back to the withdraw section and select the same method for withdrawing the funds as the one used to deposit funds. Like most online betting websites, Matchbook operates on a so-called ‘closed loop policy’ in relation to withdrawing funds. This means that when you want to take money out of your account, they must go back to their original source. For example, if you deposited £75 using your Visa credit card and later you want to withdraw some funds, they must go back to the same Visa credit card. The only payment method that can be used to deposit but not to withdraw funds is Paysafecard
  3. Enter the withdrawal amount and click submit. Wait a few days for the funds to be credited to your selected payment choice.

Pay off processing times and requirements

Withdrawal methodMin. amountMax. amountWithdrawal feeProcessing time
Credit/Debit Card£5£20,000FreeUp to 3 days
Bank Transfer£500£50,000£35Within 24h
Neteller£10£37,500FreeUp to 4 hours
Skrill£5£25,000FreeWithin 24h

To note, the processing times above represent how long does it take the operator, Matchbook, to process the payments. It does not indicate the time in which the funds will reach your chosen withdrawal method. For example, it takes Matchbook up to 24 hours to process a bank transfer. Then it can take up to 5 working business days until the funds actually hit your bank account.

Matchbook on Android and iPhone

Matchbook keeps up with the needs and expectations of the modern gambler in the UK and the trends in society. It is available on tablets, mobile phones, even on iPads.

Matchbook App for Android devices

In 2017 Google Play Store allowed gambling apps for the first time to users in the UK and Ireland. This makes it very easy to download and use the Matchbook app on your Android device.

  1. Open Google Play Store
  2. Search for Matchbook
  3. Select the first result which is “Matchbook Betting Exchange”
  4. Click the green ‘Install’ button
  5. Tap the new Matchbook app icon on your mobile device to begin betting

Matchbook App for iPhone devices

To get the Matchbook app on their phones or tablets, Apple users need to follow the exact same steps as Android users. The only difference is Apple users will find and download the app from the iTunes store, not the Google Play Store.

Matchbook Advantages

Matchbook is a very user-friendly platform for both the novice and expert exchange bettor. It has low commissions, no limits other than what is available to trade and minimum bets of £0.10. By far, it has the best liquidity in US Sports markets.

It has a no-risk sign-up bonus as well as promotions for its existing customers. It is available on laptop, tablets and on mobile phones. It also offers a casino with a nice range of games selection.

Matchbook Disadvantages

Matchbook’s relatively smaller size than its competitors results in fewer markets with less liquidity, except for US Sports where it is unrivalled. In horse racing, for example, Matchbook offers win and ante-post markets only with no option each way selection.

Another drawback of Matchbook exchange is that it is probably the only platform that charges a commission rate on losing bets.

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Review Matchbook Conclusion

Matchbook is one of the four-sport betting exchanges available to the UK public. Although it’s been up and running for over 15 years, Matchbook is still considered a newcomer to the industry. It is the second newest exchange platform from the four available.

Matchbook is the king when it comes to US Sports markets. It does offer fewer markets on other sports compared to its competitors, but it is growing and expanding so more should open up in the future. It has low commission rates, higher odds than your local bookmaker and a good range selection of games on the casino.

It is definitely worth having an account on Matchbook if you’re tempted by the betting exchange idea.

Rating

Matchbook’s user-friendly, fast and secure interface, as well as its availability with all its features on mobile phones, make it a great place for a newcomer to the betting exchange industry. It is easy to use and understand. It is also suitable for expert exchange bettors with its unrivalled liquidity in US sports markets and growth in other sports.

Matchbook@0,5x 4.5/5
Average rating 4.5 on 12 visitor voices
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