The latest in our series is a Matchbook review. Read on for an overview of this popular betting exchange.
New Matchbook customers (18+) get a £10 free bet if your first bet loses.
What is Matchbook?
Matchbook is a betting exchange formed in 2004 with a reputation in the betting industry for low commission charges.
Matchbook is licensed and regulated by the Alderney Gambling Control Commission (AGCC) and the UK Gambling Commission.
Matchbook have an easy to use website that loads quickly. The layout is familiar. Back buttons are in blue colour and lay buttons are pink, which is similar to Betfair’s colour scheme.
Placing a bet: Moving on from the aesthetics. To place a bet on Matchbook simply find the relevant event and click on the back or lay button for the market. Before placing your bet, ensure there is enough liquidity in the market to match your bet.
The amount of market liquidity is shown below the odds.
You need enough funds in your account to cover the amount shown as the liability. This is the amount you stand to lose.
After entering your stake, click on the “tick” button to confirm your bet. The “matched” and “unmatched” tabs on your betting slip show the current status of your bet.
You will find all the major sports and competitions on Matchbook such as football, horse racing, basketball, tennis, golf and cricket.
However, Matchbook have a smaller range of sports compared to Betfair.
You may see that the liquidity on Matchbook is less than on Betfair, because Matchbook is a smaller exchange.
Your bets will be matched on popular events where the market is liquid. However, here is inevitably less liquidity on the more obscure markets.
Fortunately, the matched betting services like OddsMonkey and Heads&Heads have oddsmatching software that displays the liquidity before you bet. This will save time in searching manually for suitable markets.
Matchbook customer experience
The Matchbook mobile app is available on Apple and Android devices. The app replicates the website with the same markets available.
The customer is well supported at Matchbook. Customer service is available via email, telephone and and live chat (0800-0100 hrs GMT). You can also connect on social media such as Twitter and Facebook.
It is well worth having a Matchbook account for matched betting. The low commission charges and range of betting markets make them a useful alternative to Betfair, Smarkets and Betdaq.
The 2% commission and easy to use website is a plus. Many matched bettors use Matchbook as their main exchange for horse racing and US sports due to the hassle-free bet placement and user interface.