Matchbook has been a popular sports betting exchange ever since being launched in 2004. Having made its name specialising in US Sports, Matchbook has put more and more focus on establishing itself in the European and Asian markets, making a big effort to cover a large selection of football and rugby ever since the company was purchased by a group of investors with experience of the UK market in 2011.
As with other betting exchanges, Matchbook enables members to bet against each other rather than against the house, either by backing or laying outcomes at prices determined by the punter. This method eliminates the financial risk of bookmakers, meaning odds are more often than not significantly better than those offered by the traditional online betting operators.
Covering all the major betting sports, such as football, American Football and horse racing, Matchbook also caters to those looking to place bets on more alternative events like mixed-martial arts (MMA) and politics, giving punters more chance to win money on a variety of different events with the betting exchange.
For those new to betting exchanges, the look of the interface could take a bit of getting used to. The ladder lay-out gives traders the chance to place and monitor their bets with ease and make sure they stay on top of the action. Showing the full market depth as well as all the different values available, the amount of bets available and the volume already traded, giving the punter a proper gauge of the betting before placing their wager.
The list of sports available on the left hand side might not be as plentiful as some other betting exchanges, but the betting options available under each heading more than make up for it. The live betting function gives members the opportunity to view all the ongoing sporting events which they can place wagers on, as well as monitor the event to see when the best time is to lay a bet and take the money and run.
When a punter looks to find the odds they want and place a bet, they will click on their desired odds and as long as other users are willing to accept the opposite bet at the price you want, the stake can be set and the bet will then be matched as long as there is enough. In the event that there isn’t enough liquidity, meaning there isn’t enough money to cover the potential winnings from opposite bettors, part of that bet can be matched and part can be left unmatched.
The Sports Betting Menu
While there are other betting exchanges that offer more sports than Matchbook, the operator gives punters a huge amount of options on the sports they do play host to. Owing to Matchbook’s time focusing on American sports, it’s no surprise that the operator still offers a wide coverage of betting options for American Football and baseball.
But the improvement with European and, in particular, UK sports, has been evident since 2011, and Matchbook have really committed to providing thorough coverage of football. And as well as the more traditionally popular betting sports, Matchbook also covers the likes of mixed-martial arts, rugby league and politics.
Whether you’re placing a multiple bet or just a single wager, the simple sports betting menu layout provides a clear and informative betting platform. And if you want to place a bet on an upcoming event, the betting calendar lists the individual fixtures from each sport the operator covers, so punters are able to plan out their betting schedule.
The Tech Wizardry
There are a host of different aspects of Matchbook that make it an easy-to-use and sleek betting exchange. As well as all the expected functions from a modern betting exchange, there are also the nice additional features such as Betting Previews, which break down upcoming events and provide betting advice for members to digest before deciding to place a wager.
Modern online betting exchanges know the importance of keeping their members up-to-date on all the latest breaking news, offers and change of odds, and Matchbook has ensured they have a real presence on social media. Whether it’s Twitter, Facebook or their YouTube channel, Matchbook are able to keep in touch with punters in order to keep them abreast of all the action.The live scores feature is another useful way of keeping track of your bets, ensuring you lay a trade you feel isn’t going to come off.
Available on desktop or as a mobile app on Android, iPad and iPhone, punters are now able to place bets with Matchbook has to offer when on the move or away from their computer. Whether you’re attending a sporting event, out shopping or coming home from work, the Matchbook app means punters are only ever a few clicks away from potentially winning big. And the presence of the Display Settings means punters can change the odds settings, the language and the currency used. And if you want to link up with other punters to share hints, tips and ideas, the Matchbook forum is a fantastic platform for betting fans from all areas.
Matchbook Bonuses and Bargains
In what is becoming a packed betting exchange market, Matchbook knows the importance of attracting new customers to their particular platform ahead of their rivals. There are a number of tempting offers and promotions from Matchbook, such as the current 0.5% commission they are offering on all bets placed on football handicap markets.
In terms of a warm welcome, they don’t come much warmer than Matchbook’s £25 no risk bet when a new customer signs up and register a correct promotional code/affiliate code or relevant link. Even if your first bet with Matchbook loses, the amount up to £25 is then refunded as free bets to be used again. So as well as having a chance to get your time at Matchbook off to a winning start, there is still a great chance to explore the website without having to risk your own money.
View from the Betting Floor
While many betting exchanges are playing catch-up with market leaders Betfair, Matchbook are doing it in a sensible way. By not covering a plethora of different sports, it allows the operator to focus on liquidity, ensuring they have achieved critical mass as well as the best price before adding other markets to their selection. But don’t be mistaken, Matchbook is a very serious contender to the other betting exchanges and/or bookmakers, often boasting the most fluid markets and with the best odds out there.
*Useful to help you find your way around the platform
*Wide selection of betting options.
*Good in-play service
*Informative and helpful betting previews.
*An active presence across social media platforms.
*Being able to lay bets and cash out early.