Matchbook Bonus Code
The first step for new players is to open an account following a simple account procedure and quoting the Matchbook bonus code:
Matchbook offers a new account bonus of £50 cash back for customers in their first five weeks with Matchbook Points. You should use the Matchbook bonus code MAXSPORT to receive your bonus. Please refer to Matchbook Promotions and Conditions for more information.
Matchbook presents itself as a betting exchange community which in effect means the company is an exchange bookmaker. The concept of bringing together backers and layers was first brought to the market in any significant way by Betfair in 2000. Matchbook is a relatively new entrant into this sector and aims to profit from brokering bets between gamblers who have an opinion that something will happen or that something will not happen. The company has set out to create an innovative betting experience and is always striving to improve the product. In 2011 Matchbook was purchased by investors with a background in British sports betting. The new operators have put special emphasis on soccer Asian handicap betting.
One of the most important elements of any exchange is liquidity and this is where Matchbook is a long way behind Betfair. They are trying to get a foot in a market dominated by one company and are offering a commission rate of 1% to attract customers. However, since December 2014 customers in the UK have been charged a standard commission rate of 1.15%. Markets are being added slowly when liquidity has reached a workable level and customers can get their bets matched. The ethos of the exchange is low-margin, high volume betting with focus on building liquidity across a limited number of sports and leagues.
Getting Started with Matchbook
The Matchbook URL is www.matchbook.com and this takes browsers to a Home Page displaying the new account bonus for bets on the winner of the English Premier league. This banner can be hidden to show a page on which existing customers must enter a Username and Password to access betting markets and make wagers. There is a link for password retrieval to be used when a customer has forgotten their password. The Home Page displays a sports menu and an empty betting slip. Smart-view is a feature that only displays markets being viewed in the betslip.
A light blue box with the words ‘JOIN NOW’ in a white font must be clicked in order to open an account. This takes new customers to a page in which they can create a personal account. There are 2 distinct areas within this page titled My Details and My Account. Basic information is required and a username and password plus a security question. New customers can enter a Forum Screen name and Bonus Code but these entries are optional. Users are confirming that they are aged 18 and agree to the Terms and Conditions when clicking on a box containing the words ‘BET NOW’.
Company Name: Matchbook trading as Triplebet Ltd.
Postal Address: Inchalla, Le Val, Alderney, GY9 3UL.
Founded: 2004 and purchased by UK investors in 2011.
Model: Sports betting exchange and casino.
Licenses: UK Gambling Commission and Alderney Gambling Control Commission.
Odds Format: European, UK, US, Hong Kong, Indo and Malay.
Languages: English and Asian.
Currency: British Pounds and Asian currencies
Restricted Countries: US players not accepted.
Markets: UK and Asian.
Services: Betting exchange, live betting, betting previews, live scores, Twitter feed and Forum.
Matchbook Promotions and Conditions
Matchbook features promotions for exchange betting and offers specific to their casino. You should write the Matchbook bonus code MAXSPORT into the registration form to receive the following bonuses:
£50 Welcome Bonus
The Matchbook Welcome Bonus is subject to the following terms and conditions:
- This offer is valid until further notice
- Offer is applicable for customers who click on the promotional link on this site and use the bonus code MAXSPORT in the sign-up form
- The offer applies to customers who place back or lay bets at any available odds
- The offer applies for both winning and losing bets
- For every £5 you pay in commission you will be rewarded with 1 Matchbook Point. 5 Matchbook points gives you £5 cash back.
- Bonus funds will be paid within 48 hours
- The maximum bonus is £50
- There is no staking requirement, the offer is purely cash back related on the commission you pay.
- Only customer in the following countries are eligible: Australia, Austria, Denmark, Finland, Germany, Ireland, Japan, Netherlands, Slovenia, Sweden, Switzerland, and United Kingdom.
There is an extensive range of casino promotions with detailed terms and conditions under the following headings:
- MB Casino £10 iPhone and iOS App Bonus
- Welcome Offer: 500% Bonus up to £50 and 50 Spins
- Cash Back Mondays
- Random Tuesdays
- Twitter Spinner Winner Wednesdays
- Reload Thursdays
- Blackjack Fridays
- Skrill 350% Match Bonus
- Casino £10 Free bet Promotion
- 20 Free Spins Offer
- Direct VIP Casino Free Bet Promotion
- Casino 150% Match Bonus
- High Stakes Welcome Bonus
Matchbook Bonus Code
The Matchbook bonus code is MAXSPORT.
Live Chat: 9:00am to 3:00am GMT.
Telephone support: UK 0044 203 642 6867, Ireland Europe 00353 21 242 8626.
Post: Triplebet Limited, Inchalla, Le Val, Alderney, GY9 3UL.
No fax support.
Response times: Live Chat: 13 seconds, Phone: 15 seconds, Email: 4 hours, Post: not specified.
Frequently Asked Questions: General FAQs.
Lost password procedure by email.
Responsible gambling: deposit limits, loss limits for casino, self-exclusion, underage gambling, gambling problems, account access and complaints.
Links to Gamcare and 18+ policy.
Matchbook is an exchange bookmaker whereby backers and layers have bets matched at a price that is mutually agreeable. Placing a bet is the same as for conventional sportsbooks. Customers click on their selection, take the best odds available and enter a stake before submitting the bet. Bettors can bet on something to happen by placing a back bet or bet on something to not happen by placing a lay bet. Backers and layers come together at a price that is acceptable to both parties.
Customers can only bet with funds that are in their account and that also includes commission. Matchbook charges a small 1% commission when you place a bet. This rate is applied to the win amount on winning bets. For losing bets commissions are based on the losing stake or potential liability whichever is smaller. From December 1st 2014 UK customers have been charged 1.15% commission, the rate that has applied for customers in the Republic of Ireland since August 1st 2015.
Matchbook provides an extensive range of betting opportunities while a sporting event is taking place. The market does not close once the event begins and backers and layers can trade right up to the last part of the action, most often for soccer, tennis and golf. A time delay of between 1 and 10 seconds gives everyone an equal chance of having bets matched. Unmatched bets are cancelled if there is a shift in the odds. When the review was undertaken the website featured live betting opportunities for soccer, tennis and cricket
Sports and Markets
The Matchbook Home Page displays the most popular markets in the main area of the screen. A vertical navigation bar on the left hand side of the page shows a list of sports on which customers can place back or lay bets. There are 15 options on the menu including 13 sports and current events and politics. These sports are not arranged alphabetically but possibly by the number of markets on offer which makes soccer the most popular sport for betting with this website’s customers. The sports that have the most betting markets are as follows:
Matchbook offers trading opportunities on leagues in 13 countries in addition to odds for the Europa League, Champions League and Euro 2016. The majority of leagues are European but soccer in Argentina is also covered. England appears at the top of the soccer menu as the Premier League is the most popular in the world for betting. There are also odds for matches in the Championship, League One and League Two but no minor leagues are featured. The site only offers match odds but no outright betting for teams to win a league.
The screen displays the upcoming matches in the Premier League, showing the date of the fixture but not the starting time. Home, away and draw back and lay odds are displayed and there is a link to view all markets. The back odds are displayed in blue and the lay odds are displayed in pink and the odds boxes also show the liquidity in Euro for each market. An icon shows whether a match will have live betting and there is also an icon to add a match to a short list of selected events.
In clicking View Full Markets back and lay odds and the associated liquidity are displayed in the following categories: match odds, handicap, total, Asian handicap and Asian total. The range of markets is limited and compares unfavourably with Betfair where customers can trade on over 100 soccer markets, pre-match and in-running. There is uniformity with regards the markets offered for each soccer match but traders who are familiar with other exchanges will be disappointed with the Matchbook offer even if the odds are in effect better due to the smaller commission. Matches can be selected by date.
The baseball offer only includes markets for Major League Baseball (MLB) which is the most popular league in the sport and brings together franchises based in North America. The format for baseball matches is the same as for soccer fixtures. The main baseball page shows the upcoming fixtures and the back and lay odds for the moneyline. This market represents the side to win the match including extra innings when a match is tied during regular play.
In selecting View Full Markets customers move to a page that displays a selection of back and lay odds and the liquidities for the moneyline, handicap and totals. The baseball product only includes match odds so Matchbook customers can not trade on any outright markets for the sport. Matches can be selected by date. An icon shows whether a match will have live betting and there is also an icon to add a match to a short list of selected events.
The tennis option includes match markets for the current ATP and WTA tournaments and outright prices for upcoming major tournaments which allows customers to back or lay the winner. The tennis match format is the same as for soccer and baseball in that back or lay odds for the match winner are shown and the liquidity in that market at the time. In selecting View Full Markets users are taken to a secondary screen which shows a selection of back and lay odds and their liquidity for the moneyline, handicap and total. Matches can be selected by date. An icon shows whether a match will have live betting and there is also an icon to add a match to a short list of selected matches.
There is an icon on the Home Page above the sports menu for the Matchbook casino which is a traditional online casino offering the most popular games. From time to time MB Casino offers daily reload bonuses that are available for a limited period. The ‘Time to Reload Bonus’ has the following features:
Play any MB Casino game from 00:01 to 23:59 on a specified day.
Total stakes should be at least £500.
Players receive a 5% bonus at the end of this 24 hour period.
The casino offer is presented in the following categories: popular games, table games, slots and video poker. The table games section includes games for roulette, baccarat, blackjack and poker. Bettors can play for fun or stakes between 1 and 5000 Euro. The most popular games include blackjack, European roulette and Touchdown, a game related to American Football. Many promotions associated with the casino run concurrently.
Matchbook apps are available for the iPhone, iPad and Android. For regulatory reasons you can only use the Matchbook app in certain regions. Location Services need to available on a device in order to use the app. Once this has been activated the application must be restarted. The Matchbook app includes all the features of the desktop version and it has been designed for ease of use while on the move. The latest version of the app features integration with BM Casino, access to a mobile forum and transaction reports. The app is compatible with touch technologies and fifth generation phones. You can also use the Matchbook Bonus Code on your mobile device.
Placing a Bet
Making bets on an exchange is different from betting with a sportsbook as it involves being the bookmaker or being the bettor. Exchange players are peer-to-per betting which in effect means betting with themselves. The operator’s role is to broker these transactions for which they earn a commission. Punters place a back bet when they think something will happen or lay or take a bet when they think something will not happen. Matchbook is a relatively new breed of bookmaker that facilitates these bets by providing the mechanism and support services.
The basic procedure for betting with Matchbook is fundamentally as that for conventional sportsbooks, with the added feature of the lay option. The sport, league and event are selected and the back and lay odds are displayed. The back odds will always be slightly smaller than the lay odds with Matchbook but that is the case with all exchanges. One difference with an exchange is that a range of prices is displayed and customers choose at which price they wish to back or lay.
Once a price is selected users are prompted to specify a stake and put that request in to the market. The Matchbook back office will find a customer or number of customers who are happy to accept a back or lay bet. When two opposing parties are brought together a bet is said to be matched. Customers do not have to take the displayed odds but can request their own odds. Such bets may or not be matched and some can be part matched. Matchbook displays unmatched and matched bets and at some stage an unmatched bet can be matched when two opinions meet at an agreeable price.
Live betting allows traders to close out a position to guarantee a profit or minimise a loss. Matchbook updates odds in running as an event progresses and customers who are right can take their winnings. Matchbook updates prices until the end of events which allows customers to take advantage of price fluctuations. The basic theory of exchange betting is the more right you are the greater are potential winnings but conversely the more wrong you are the greater are potential losses. Matchbook creates the infrastructure to make this possible and takes a commission to cover costs and make a profit.
The funding section on the Matchbook website refers to making deposits and withdrawals. Transactions can be carried out using the major debit and credit cards and funds can be deposited using bank wire transfers. It takes 3-5 business days to receive a wire transfer. Within the funding section the following issues are covered:
- How to fund an account.
- Direct deposits and withdrawals using a debit or credit card.
- Withdrawals directly to a bank account.
- Cost of taking out funds.
- Foreign exchange fees.
Matchbook can at its discretion impose fees if the commission on betting activity is less than the cost of processing transactions. Matchbook does not provide foreign exchange services and transactions are processed in the currency of the account.
Matchbook has an affiliate program that offers:
- Up to 35% net revenue on exchange markets.
- Up to 50% net revenue on casino business.
- No negative carry over at the end of a period.
- Lifetime revenue once a customer has been acquired.
- Banners created to meet individual affiliate requirements.
Matchbook is an exchange bookmaker that imitates Betfair who monopolise the market. The range of sports, leagues and betting options is limited but might grow in time if there are enough customers to create liquidity. Technically the site works well and the betting features are easy to use and intuitive. The casino includes the most popular games but again the range is limited. The bonuses, commissions and affiliate program are fine but not exceptional. Matchbook differentiates itself from Betfair by quoting odds to three decimal places so traders can bet to smaller margins in degrees of one thousandth of a point rather than one hundredth on Betfair. Matchbook also takes a smaller commission but it is debatable whether this feature is enough to attract customers from Betfair.
Finally, we want to present you some of the most amusing betting ads before you start your betting experience with the Matchbook bonus code 2016 MAXSPORT.