In this article, you will guide you into the Matchbook offers for betting exchange, fixed odds and casino.
At a glance, here are current offers:
Matchbook.com Bonus & Offers for 2019 Matchbook Bonus Code Sports Exchange Free £20 - Sign Up Offer CASHMATCH Horse Racing 1.5% Net Win CASHMATCH Casino/Slots/Live Casino 100% up to £100 + 100 Free Spins CASHMATCH Loyalty Bonus Earn 5 Matchpoint Points and get £5 in cash No Bonus code required Expired Offers & Bonus Codes Cheltenham Promo +10% Winnings on EVERY Race Bonus Details Sports Betting £500 in free bets & cashback Bonus Details
Matchbook is an online sports betting and exchange platform. Although not as old as others, their launch in 2005 has marked a 12-year of mostly successful history in the gambling biz. The website biggest claim is that they offer the lowest commissions available in gambling. The platform was a part of WSEX, which initially failed and was sold in 2011 in Matchbook. The exact ownership circumstances and how this came to be is not widely known to the public and the company is secretive about the whole thing.
Matchbook platform is licensed by the Alderney Gambling Control Commission (AGCC) and UK Gambling Commission.
When you first visit the website, you’ll find a fairly good range of markets including European sports like soccer, horse, racing, and golf as well as American sports like Basketball, Rugby, Cricket. Ice Hockey and martial arts like boxing. Other markets like politics (polls, referendums and elections) are also featured on the website.
The platform reminds in many ways the well-known Betfair site and is considered to be a good alternative by many betting experts. One of their key differences though is that Matchbook has much lower rates compared to Betfair and Ladbrokes exchange.
The platform is no longer open to the U.S, French, Spanish, Belgium, Italian and Canadian market.
Current welcome bonuses
Lowest Commission Exchange for Horse Racing
The operator is now offering an industry low commission rate of 1.5% Net Win on Horse Racing. For those players who are interested, placing bets on Matchbook's horse racing markets today and you will only pay the commission if you make a profit.
- If you make a net loss, you will not pay any commission.
- Net Win Commission is calculated as follows:
- Place a winning £100 bet at odds of 2.0
- Your profit is £100
- £100 x 1.5% = £1.50 in commission
- Your final winnings are £98.50
- This offer is only available on Horse Racing.
- The bets placed may be back bets or lay bets, and may be placed at any odds.
- Additional T&Cs apply.
Free £10 Bet if your bet loses
As of January 31st, the bookmaker offers a welcome bonus to new customers entitling them to a Free £10 Bet upon registration, with all users receiving £10 cash refund if their first qualifying bet loses. In order for this offer to be valid, the bet must be placed within 7 days of signing up and the refund applied to your account will be processed within 72 hours. Players must note that the offer is valid for Visa and Mastercard deposits only. Those who are depositing through Skrill, Neteller, and Paysafe Card are excluded from this promotion.
The following T&Cs also apply:
- Find the market you want and place your first bet.
- If that bet loses, we will refund your stake as cash up to a max of £10.
- The refund will be applied to your account within 72 hours.
- The bet must be placed within 7 days of sign-up to qualify for the refund.
- Users depositing through Skrill, Neteller and Paysafe Card are excluded from this promotion.
- Additional T&Cs apply.
Other extra bonuses
There are no extra bonuses currently for new or existing players. The site operated under a very low commission rate level so that explains the lack of other special offers. Make sure you currently check the matchbook website for any new deals and offers. If you register, any special offers will come in your inbox. Also, keep in mind that offers are only valid for certain periods of time so make sure you utilise them while you can.
Although matchbook doesn’t have a wide range of payment methods, all major payments methods globally are used:
- Paysafe card
Funding options are typically processed instantly or within 24 hours. Bank transfers though may take anywhere from 2-5 days. E-wallets can take typically up 48 hours (working days) to be processed.
If you have a query or concern about funding or any other request, you can reach their team via live chat or e-mail from 9 a.m to 3 p.m. Unfortunately no 24/7 support is available. However, you can check out their extensive FAQs to answer your question prior you contact customer support.
The site, unfortunately, doesn’t have a cashier and in some online sports, they may charge withdrawal fees. In case players don’t stake the funds in their account within a reasonable time, the site may charge extra withdrawal fees. We are not aware of the exact fees for now.
On the plus side, the website now accepts more than three major currencies including GBP, USD, EUR, AUD, and HKD. Currency conversions will apply once making withdrawals.
Our final verdict
Matchbook’s low commission rates are probably their biggest asset as they really honour their claim. Plus, they claim that they do not put unreasonable limitations in profitable accounts and so far that is honest for the most part too.
The website is quite easy to navigate and there is not too much clutter with pops up and promo ads compared to others. Once you visit the website, you can easily browse through the sections and find what you want in just a few seconds or minutes. Their no-fluff and hassle-free design and layout are among their biggest pros.
In terms of wagering limits, the website, like the rest of its kind does not put any wagering limits in stakes. Since no player plays against the house, clients can wager as much as they like without restrictions.
It’s also easy to get your bet matched when you are a small gambler. However, bigger gamblers might face some issues with that 4-5 figures. The bet matching also varies according to the market you pick. In traditional European sports markets like soccer and horse racing, the odds of your bets matched are raised. In smaller and North American markets e.g rugby and basketball the odds of matching bets tend to be lower.
The only major drawback that puts them a bit behind their main competitor, Betfair, is their liquidity problems. Another minor drawback is their lack of 24/7 support and clients many times complain that they don’t get a timely response.