Matchbook: The Premier Online Casino Site For Indian Players Who Want Big Rewards – Matchbook is a betting exchange that has been operating since 2004, but only entered the UK market in 2011 after a major investment. This site offers peer-to-peer trading instead of traditional betting. The business model is based on customers who want to bet that something will happen (backers) and others who want to bet that the same outcome will not happen (layers). Bets are combined at a mutually beneficial price.
The operator is authorized and regulated by the UK Gambling Commission (UKGC) and the Alderney Gambling Control Commission. The main product is sports betting, but the matchbook site also has a casino and a live casino that does not use an exchange model. The betting exchange and other gaming products are available on desktop and as part of mobile apps, and there is a mobile website.
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Using the promo code ‘riskfree’, new Matchbook customers will claim up to £15 back on their first bet losses. Before placing a bet, an initial deposit of £25 or more must be made to qualify at odds of 4/5 or more. If your bet loses, your bet will be refunded up to £15 in cash. The T&Cs of the offer are easy to follow, important points to note are:
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Matchbook does not offer a series of ongoing promotions for existing customers, but the site does encourage cumulative betting. However, these are return bets only and cannot be placed. The operator claims to be the only betting exchange where bets are accumulated. Betfair sportsbooks can place multiple bets at the same time. These are return bets and have no placing facility.
Matchbook customers can place odds on the following selected markets, indicated by the symbol: Match Result, Both Teams Score, Handicap and Total. A selection is available for 12 sports including football, tennis and horse racing. Accumulator bets with Matchbook are subject to the following terms and conditions:
Matchbook claims that aka bets are a feature of a betting exchange, when in fact they are standard bets accepted by fixed odds bookmakers. Of course, some offer an odds winning bonus, but the matchbook settles bets at their standard odds. Aka with 10 winning options offers life-changing success for small bets.
Matchbook is a betting exchange where customers come back and bet on a variety of sports. Categories appear in two lists: Popular Sports and All Sports. A popular list at the time of writing includes horse racing, football, American football, tennis and basketball. The full list includes 16 categories including popular sports, politics and TV specials. Here is information on the three most popular sports bets at Matchbook:
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Horse racing remains the main betting sport among UK bookmakers. Users with UK-based online operations expect a good racing service. It is a major sport on Betfair and Matchbook offers match betting in the UK and Ireland and the rest of the world. Customers can back and place horses to win or place the race. At the time of writing, there is very little liquidity in the markets for UK racing.
The Matchbook Exchange provides a platform for bets to back and place horses in the pre-post markets for the major championship races of the Cheltenham Festival and the Grand National. Matchbook racing odds usually offer better value than fixed odds bookmakers. However, winning bets are subject to a 2% commission and there is no guarantee that the bet will match. If there is less liquidity in the market, the bets will not be enough.
Matchbook offers football match markets in 13 countries and the Europa League and Champions League. Customers can also trade with the outright winner of the Premier League and English Championships. The most popular competition for betting is the English Premier League. However, the range of markets is limited to match result, handicaps, totals and correct score. Other betting exchanges offer more betting options for a football match.
At the time of writing, three days before the match, liquidity in these markets is thin. Football punters place bets on match day, but Betfair has already generated high liquidity at this stage. Match result odds offer good value compared to the same odds with traditional bookmakers. However, winning bettors pay 2% of the net profit in commission. Bets may not match the current odds, so they may change before the match starts.
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Tennis is very popular for exchange trading in the matchbook because the odds are constantly changing. In fact, a player can be favorite and underdog at different stages of a match. Odds move after each point, but the biggest change comes after a break of serve. The range of tennis markets is limited to match winners, handicaps and totals. The matchbook offers these options for matches on the ATP and WTA tours, challenger events and ITF tournaments. Liquidity volume is sufficient, meaning backers and layers should be able to match most bets at an acceptable price.
Mobile customers with Matchbook can access the service through Android and iOS devices. The Android app cannot be downloaded directly from the Google Play Store, but bettors can install the mobile app through a link on the operator’s website. Customers using iOS devices can download a dedicated app from the respective store.
Matchbook does not offer specific mobile discounts to new or existing customers. However, the applications are fully functional, meaning that users can place and trade accumulators with a commission of 2% of net profit. The apps and mobile site work well and are easy to navigate. Mobile users will enjoy a sleek design and full functionality.
Customers with Matchbook can bet on 13 sports exchange markets. The operator provides the platform and has a £2 commission on winning bets. Exchange markets are sensitive and subject to supply and demand. If there are more supporters than layers, there will be downward pressure on the price. If there are more layers than backers, the pressure on the price increases. Backers and layers aim for good value betting matches. Bets may be partially matched or not matched at all, and liquidity is critical to this ever-changing process.
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In-play bets appear in the list of popular matchbook categories. Most of the live betting is football and tennis accounts. The number of markets in the game is limited and sometimes only the winner of the match can be included. No live streaming or game progress animation and limited live match data. Betting is suspended after a key event and updated odds appear a few seconds later. If a live event is not possible, customers can bid at a price that matches the betting budget of both parties.
Cash payout bets are available to Matchbook customers on selected sports and markets and are indicated by the selection icon. Customers can place manual bets to balance the original bet and guarantee a profit or limit liability regardless of the outcome. Bet Cash Out automates this process and calculates the matchbook value. Customers can either accept the offer or place bets until they expire. The withdrawal amount depends on the original bet and the current odds at the time of bet and request. Previous pre-match and in-play bets can be cashed out with Matchbook.
Customers will still be able to transfer funds using debit cards, prepaid cards, e-wallets and bank transfer. Deposits are instant and free, while withdrawals are subject to standard delays and have no fees. Some providers may charge a fee for handling bank transactions. Transaction with exchange bookmakers such as Matchbook.
Visit the new Matchbook Leads home page and click “Join Matchbook”. New players complete the required fields and specify a username and password. A bonus or promo code is optional, but will activate any welcome bonus. At the time of writing, there is no one offering a matchbook.
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The account registration process is complete when the customer accepts the terms and conditions and clicks the Create Account button. New customers are asked to make a deposit, which involves selecting a method and specifying an amount. Most deposits are approved immediately and the account balance is updated.
New customers navigate to the preferred market. They click the back button or the lay button and place a bet. Once a bet is confirmed, it may be matched, partially matched or not matched. Users can choose to place unmatched or partially unmatched bets in the market so that the required odds are automatically adjusted if available.
Matchbook can be contacted via live chat, phone or email. Staff are available Monday to Sunday from 08:00 to 01:00 GMT. Customers can also refer to the comprehensive FAQ section and help center. The Matchbook site displays links to organizations that support problem gamblers. Exclusionary measures are also provided to regulate play. Matchbook is registered with the Independent Bookmakers Arbitration Service (IBAS) to resolve issues with its customers.
Matchbook entered the UK market in 2011
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