Explore our in-depth Matchbook review and comparison with Betfair & Smarkets to discover why it’s the ultimate betting exchange for matched & arbitrage bettors. Low commissions, competitive odds, and more!
Matchbook Review: Can it compete with Betfair and Orbit by Bfb247?
Matchbook is a challenger betting exchange platform that has been offering competitive odds, low commission rates, and a user-friendly interface since its inception in 2004. This review will provide an in-depth analysis of Matchbook’s features, including a comparison with other popular betting exchanges like Betfair and Smarkets. We will also explore how Matchbook caters to matched bettors and arbitrage bettors, ultimately helping you decide if this is the right platform for your betting needs.
Matchbook is a good choice for professional and casual bettors alike, with low commission rates, decent liquidity and sports coverage. The platform offers a good betting experience to its users by prioritizing transparency, value, and security.
Platform Interface and Usability
Matchbook’s user interface is clean, intuitive, and easy to navigate. The platform provides an organized layout with quick access to the most popular sports and markets. Users can easily switch between back and lay bets, view market depth, and keep track of their open bets and account balance. Matchbook’s platform is fully optimized for both desktop and mobile devices, ensuring a seamless betting experience on the go.
Good, but not great, Odds and Liquidity
The liquidity offered through Matchbook is good. Comparable to Smarkets liquidity. On the top 5 leagues, matchday liquidity is not far behind Betfair and Bfb247. But if you look at other leagues or want to bet several days in advance, the liquidity is a few notches below. That makes it less suitable for Matched Betting than the alternatives.
Low Commission Rates
Matchbook boasts some of the lowest commission rates in the industry, charging just 1.5% on net winnings for UK and Irish horse racing and 2% for all other sports.
Matched Betting and Arbitrage Betting on Matchbook
Matchbook’s competitive odds, low commission rates, and high liquidity make it an ideal platform for matched bettors and arbitrage bettors. The platform’s range of sports and markets allows users to find numerous opportunities for profitable bets, while the low commission rates ensure that these profits are maximized.
Customer Support and Security
Matchbook offers excellent customer support, with a dedicated team available 24/7 via live chat, email, and phone. The platform is also committed to responsible gambling, providing a range of tools and resources to help users manage their betting habits.
In terms of security, Matchbook employs stringent measures to protect user data and transactions. The platform uses SSL encryption technology and complies with strict data protection laws to ensure the safety and privacy of its users.
Matchbook does however have very strict routines for source of funds and source of wealth. Players are often asked to renew documentation proving their wealth/funds as often as every three months. This is burdensome for the users, and most likely a result of a £740,000 that Matchbook received back in 2020 because of “serous failings” over its anti-money laundering and social responsibility measures (link).
In conclusion, Matchbook is a good betting exchange platform for both casual and professional bettors. Its odds is competitive, but not good enough to receive a top rating here at surebets.bet. Matchbook is a good place to open an account, but you would probably like to have access to Betfair and bfb247 to make sure you have access to the best liquidity.
What is Matchbook?
Matchbook is a leading betting exchange platform that offers competitive odds, low commission rates, and a user-friendly interface for its users. It caters to both casual and professional bettors, with a focus on providing value and transparency.
How does Matchbook compare to Betfair and Smarkets?
Matchbook offers similar odds and liquidity as Betfair and Smarkets but has lower commission rates. Betfair has a wider range of sports and markets, but its higher commission rate makes Matchbook more attractive for those looking to maximize profits. Smarkets has a similar commission rate to Matchbook but tends to have slightly lower liquidity and fewer in-play betting options.
Is Matchbook suitable for matched bettors and arbitrage bettors?
Yes, Matchbook is an excellent platform for matched bettors and arbitrage bettors, thanks to its competitive odds, low commission rates, and high liquidity. These features make it easier for users to find profitable betting opportunities and maximize their returns.
What commission rates does Matchbook charge?
Matchbook charges a 1.5% commission on net winnings for UK and Irish horse racing and a 2% commission for all other sports. This is significantly lower than the commission rates charged by many other betting exchanges.
Is Matchbook secure and reliable?
Matchbook employs robust security measures to protect user data and transactions, including SSL encryption technology and strict compliance with data protection laws. The platform also offers excellent customer support and is committed to promoting responsible gambling.