Matchbook are offering new customers a risk-free £10 bet. Simply create your account and deposit funds. Place a bet of £10 and if it loses they will refund your stake as cash up to a maximum of £10. This will appear in you account within 72 hours. Please note you must place the initial bet within 7 days of opening your account to qualify.
The other promotions at Matchbook are continuously changing and involve sports event for that day or week. At time of writing they are offering a 5% bonus for every shot your golfer wins the Arnold Palmer Invitational golf tournament by. This is up to a maximum of £20.
Matchbook are well known for their low commission rates. At this moment they are at an industry low 1.5% Net Win on horse racing bets. This includes back and lay bets
As an example of this if you stake £10 at 3.76 on Kauto Star to win you would only pay 0.41p commision (equal to 1.5% of £27.60 profit). You do not pay any commission on losing horse racing bets.
Becoming a member at Matchbook is extremely simple and begins by clicking the red ‘JOIN MATCHBOOK’ button located in the top right hand corner of the homepage.
Step 1 – Enter email address, unique username, password, confirm password, currency, bonus code if applicable and phone number.
Step 2 – Provide title, first name, last name, date of birth, security question and security answer
Step 3 – Select country, post code, address and decide whether you are happy to receive offers and promotions from the bookmaker. If you are happy to you must tick the relevant box.
The backing side of exchange betting is simply predicting an outcome to happen. This is exactly the same as with traditional betting firms. With Matchbook you click the blue button back that person or team to win. This is then added to your bet slip.
What separates exchange betting from traditional sportsbooks is the opportunity to ‘Lay’ bets. You are essentially acting like the bookmaker and predicting something will not happen. To lay something you click on the pink button. Please be aware of the fact the liabilities are high. If you believe a horse at odds of 50.0 will not win and lay it for £10 you will be liable for £490 if it does. If it does not win you will win the £10 that you put on. This is extremely appealing to many people and is what allows a betting exchange to work.
For more information on this bookmaker please have a read of our Matchbook Review.