I recently completed my first betting exchange review. In an effort to share more information about matched betting. I want everyone to have an equal opportunity to earn £20,000 in tax free cash this year. Just like I did in 2016.
An while I’ve recently completed a detailed and in depth matched betting FAQ post. One question I struggle to answer is “Which betting exchange should I use?”
That’s because unfortunatly the answer is highly dependent on a vast array of variables. The only way I can combat such a question is by reviewing each of the five betting exchanges currently on the market.
Today, I’m covering the Matchbook exchange. The Matchbook exchange continues to grow with popularity for matched bettors thanks to it’s fantastic commission rates.
- Wagering Options - 80%80%
- Market Liquidity - 70%70%
- Commission - 95%95%
MatchBook doesn't have terrible wagering options but they certainly aren't as good as you'll find on Betfair. The market liquidity could be better however as the popularity of the exchange continues to grow I think it is likely to get better. However, it's the commission at either 0.75% or 1.5% that really makes this exchange what it is and the reason I'd use this exchange to lay as many bets as the wagering options and market liquidity allows.
However, a great betting exchange is made up of more than just commission. Instead it comes down to three things, and it’s those three things that I’ll be covering in every betting exchange review.
The Matchbook exchange has a wide variety of wagering options. However, it’s not quite as comprehensive as Betfair. You’ll find all of the horse racing, and all of the major football matches. However, you won’t be able to lay off bets such as first goal scorer using this particular exchange.
There are however some ‘off the beaten track’ betting opportunities including these political ones. You maybe thinking ‘I’ll never need them…’ but actually you’ll be surprised how many bookmakers look to capitalise on one off betting opportunities by promoting special offers – which as matched bettors make us money!
Market liquidity matters people! That’s the amount of money in the market, to ensure that you’re bet doesn’t become partially matched.
I’ve been in situations in the past where it’s been seconds until kick off or until a race starts and my bet is still partially matched because I’ve failed to check how much money is in the market.
Matchbook doesn’t have the most money in the market, but for most mainstream events you should be able to get buy. Especially if the horse or team is the (one of the) favourite(s).
Again, if the market liquidity isn’t enough I’ll either wait (if the start time is okay) or I’ll move to Smarkets or Betfair which have a higher market liquidity. However, they do charge more commission.
You can always check the amount of money in the market using the numbers provided, and remember you don’t need to mug bet the exchanges, they wont gub you.
Let’s face it, the one thing we all care about is money. Matchbook seem to know that which is why they offer just 1.5% commission.
That drops to 0.75% if you post an offer, which another user then matches. (learn more about that here)
If all that wasn’t enough they offer £50 cash back exclusively for readers of The Mini Millionaire. Click on the super annoying flashing image below to sign up and receive the offer.
Matchbook is just an exchange. Exchanges don’t gub you so you don’t need to worry about placing mug bets.
Personally, I’d use Matchbook exchange as much as possible due to the great rates of commission it’s going to reduce the amount you loose on qualifying bets and increase the amount you make on free bets. However, that’s just my opinion. As always I’d love to know what you guys think of Matchbook – let me know in the comments below.