Betting Reviews
Matchbook Review (2023) Betting Exchange
Matchbook Review
In this Matchbook review, we will be covering all aspects of this excellent betting exchange. If you are looking for a reliable place to bet or trade, then Matchbook are a great choice. I know Matchbook well because I have held an account with them for many years. If you are a regular punter with the bookmakers and don’t yet have a betting exchange account, then it’s time you did. You will get better odds on almost all your bets and will have the added flexibility to easily bet against or ‘lay’ selections too.
Why Matchbook?
| ✅ Great Liquidity | ❌ Limited Other Products |
| ✅ Licensed for UK | |
| ✅ Colossus Jackpot | |
| ✅ Intuitive Navigation | |
| ✅ Good Sign Up Offers | |
| ✅ Multiples / Bet Building |
Index
Matchbook Review Video
Here is a quick video of me going through some of the basic Matchbook betting functions, as well as their site layout.
Promotional Offers
Betting Exchanges aren’t renowned for giving ‘over the top’ promotional offers and bonuses, for the simple fact that the odds you receive are much better than those at the bookmaker. Over the long term you will be much better off with the more competitive prices. Matchbook, however, are quite generous.
They generally have two options:
Matchbook £20 + 20 Free Spins Welcome Offer – Use Bonus Code: MB20
Matchbook 0% Commission 90 days – Use Bonus Code: COMMFREE90 (Note: Credit/Debit card deposits only).
(Types of offer subject to change. Please make sure you read the Terms and Conditions of each offer).
Registration and Deposits
Matchbook offer some good options for deposits and withdrawals. Deposits are ‘instant’ and show on your account in a few seconds. Paypal and Crypto currencies are not currently offered. Note, that due to money laundering regulations, funds need to be withdrawn via the same method as the original deposit. This is an industry standard regulation
Min/Max £10 – £6000
Min/Max £10 – £6000
Min/Max £10 – £6000
Min/Max £10 – £6000
Commission Charges
Matchbook need to make money too. Like all betting exchanges they charge you a fee or commission on winning bets. Matchbook charge 2% (or 4%) on your net profit in a market. There is no commission charged on losing bets.
Charges Based on Location
| Location | UK | ROI | Ch. Is. | Is. of M | ROW |
| Percentage Standard Bet (net win) | 2% | 2% | 2% | 2% | 4% |
| Percentage Enhanced Specials | 5% | 5% | 5% | 5% | 4% |
(Please check commission levels with Matchbook – Occasionally percentages change).
As an example, let’s take a match between Chelsea and Liverpool. Chelsea’s odds are 2.20 and Liverpool’s odds are 3.35.
Assume our stake is £10.
If Chelsea were to win, the return would be £22.00 (£10 x 2.20) or £12.00 clear profit (£22.00 – £10 stake).
However, we still need to adjust for commission.
This is the formula you would use: ((stake * odds) – stake) * commission rate.
So, using a 2% commission rate, your calculation for a £10 winning bet on Chelsea at odds of 2.20 would be:
((£10 * 2.20) – £10) * 2% = £0.24 commission.
So if Chelsea won the match, then you would need to subtract the commission amount from the bet. Your profit would be £11.76 and your total return (including stake) would be £21.76 .
Contact / Live Chat
Matchbook offer phone, email and live chat support. Phone support is by way of a ‘callback’ which you can request via live chat. The best option for any general queries is their live chat. If you look at the time-stamp in the image below, you will see that an agent came on within 3 seconds. I’ve rarely waited more than 20 seconds for an agent, over the long period that I have held my account with them. Matchbook’s customer service team is also available via their Twitter page.
*Updated* Matchbook Review – Brokerage Service
As well as the standard betting exchange, Matchbook offer a brokerage service and offer quotes on large individual trades, that might not be immediately available in the standard exchange markets. Matchbook have a list of industry leading third parties that can offer odds on a wide selection of sporting events. The service is available seven days a week.
Brokerage Quotes Examples:
- Rugby Championship: Handicap market. Ospreys vs Munster. Ospreys +19. £4800 @ 1.88
- Golf: Tiger Woods to score Over 71.5. Round 2 Genesis Invitational. £1.5k @ 1.84
- Champions League Football: Inter Milan v Porto. Over/Under 2.5 goals. Under. £10,000 @ 1.79
Simply contact Matchbook for more details.
*Updated* Matchbook Review – Colossus Jackpot and Syndicates
Matchbook offer Colossus bets – a lottery style bet with a prize pool.
Easily navigate to the ‘Colossus Jackpots’ link where you will find syndicates and jackpots on offer. Join a syndicate with other players to increase your chances of winning.
Choose a sport and a syndicate.
Make your picks and set your stake.
Mobile App
Matchbook’s mobile app is easy to use, reliable and generally sits at a 4.7 out of 5 rating in app stores.
Quick Facts:
- Easy to Use
- Full Range of Sports Available
- Live In-Play Stats
- Face ID option
- Minimum 3G/4G
- Android and iPhone
(Note. Most betting apps only work from certain locations due to regulatory reasons. Make sure that you have ‘Location Services’ switched on).
Insights, Sports Tips and Podcasts
Matchbook offer free betting tips and podcasts on a range of sports. It never hurts to get an alternative opinion.
Tips are available for the big racing events such as Cheltenham, UK and European football leagues, US sports like the NFL. Check back regularly for free sporting insights all year round.
Matchbook’s podcasts have won a number of awards over the years and are presented by well known industry experts and contributors.
Security
Matchbook offers high level security to keep your funds safe.
- Ring-fenced funds: Customers’ funds are protected. In the unlikely event of insolvency, all customer funds will be safeguarded. This process happens automatically as soon as you deposit.
- Two-Factor Authentication: Matchbook offer Two Factor Authentication or ‘2FA’, which adds an extra layer of security to your account by asking for a uniquely generated code each time you log in. You will need a third party app like ‘Google Authenticator’ or ‘Authy’. Simply follow the instructions on the Matchbook website.
- SSL Data Encryption: Both the website and the app are secured with SSL.
- Licenses: Matchbook have the required licenses to operate in the UK. They are also overseen by the UK Gambling Commission.
Matchbook Review of Other Products
Matchbook don’t offer a lot of other products apart from the exchange. It’s no great surprise, as their core focus is sports betting. I don’t mind this because all I am interested in is sports and, specifically, football where Matchbook excel. However, if you want a bit of alternative action, Matchbook offer a Casino, Live Casino and Virtual Sports.
To take advantage of these, simply go to the Matchbook website and ‘Join Matchbook’. You can use all the products with the one account. Depending on which browser or device you are using, you will see the other products at the top of the page, either with a toggle arrow:
or in a simple ‘static’ layout:
(Note: Currently the casinos are only available on the Matchbook website and Android devices. Not Apple/iPhone).
Matchbook Review Conclusion
Matchbook is a progressive betting exchange, ideal for the knowledgeable sports bettor. Their goal is to return the best possible value to their customers, in terms of betting odds and service. They offer liquid markets and competitive commissions.
From my own experience as a customer, I rate Matchbook 4.5/5.0
