Matchbook is an online sports betting exchange. They have been online since 2005 and were one of the first betting exchanges in existence. Today, they offer some of the lowest commissions available when it comes to betting sports.
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Matchbook is licensed and regulated by the Alderney Gambling Control Commission (AGCC). They also hold a license to operate in the United Kingdom, by the UK Gambling Commission.
The main difference between Matchbook and other betting exchanges on the market today is that Matchbook take commission whether you win or lose; their current rate is 1.15% on both winning and losing bets. (On a losing bet, you are charged commission on either the stake or the potential winning amount, whichever is lower.) In contrast, most exchanges only take commission from the winner.
While being charged commission whether you win or lose might sound like a drawback, the advantage is that it allows Matchbook to offer lower commission rates per bet than any other exchange on the market. Canny punters will of course realise that a betting system with longer losing runs might be best implemented with an exchange who don’t charge commission on losing bets, but for many gamblers the rates offered by Matchbook should prove very profitable.
For comparison, while Matchbook will charge you 1% on every winning bet, Betfair and Betdaq will charge you 5%, and Smarkets will charge 2% (though only on winning bets, as opposed to both winning and losing bets). These few percent, though they may sounds small on paper, can make all the difference when it comes to the profit margins of a professional gambler.
Matchbook is a great option for professionals and regulars who should always be looking for new places to make their bets. It’s always worth shopping around for the best odds, but provided you can find good odds for your bets on Matchbook, there’s no reason not to use it over another betting exchange that charges higher commission, and their promotions are usually worth taking advantage of, too. For big events that will attract a lot of interest even on smaller exchanges, Matchbook is a great option, and its 1% commission rates should be of great help to professional gamblers, where even the smallest of savings counts.
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