Bet on football with Matchbook
Matchbook is more of a betting exchange rather than a bookmaker. The betting exchange was launched in 2004, and since 2011, it has been under the ownership of Triplebet Ltd. Matchbook is currently licensed by the Alderney Gambling Control Commission in the Channel Islands (UK) and the UK Gambling Commission.
On Matchbook, betting odds are set by member activity which creates liquidity and the service taking a small commission on transacted bets.
Matchbook Football Markets
Despite having a smaller betting section than most bookmakers, Matchbook is unquestionably strong in the football markets. Traditional markets like head-to-head, lines, handicaps as well as overs and unders are available across all major football leagues, such as the Champions League, Premier League and major international tournaments, such as the Euros and the World Cup.
Notably, the football Asian Handicap market appears to be the main focus for customers on Matchbook. The Asian Handicap market offers punters highly competitive odds and high liquidity ensuring that bets are matched efficiently.
Live Football Betting
Matchbook offers selected live in-play events on most of the major football leagues and tournaments. Exchange betting is also available for in-play events which allow layers and backers to bet on the listed selections.
To see which events are offered for live betting, click on the Live Betting tab at the top of the market panel. Here you will find all the in-play events that will be available for betting on Matchbook.
Back and Lay Betting on Matchbook
Matchbook’s betting exchange enables punters to bet against each other by laying or backing outcomes of sports events at prices that they determine.
Backing a selection is placing a bet on a particular event to happen. For example, betting that Manchester United will win against Liverpool is a back bet.
If you are to place a lay bet, then you are predicting that an individual outcome will not happen. If you expect Liverpool to lose against Manchester United, then you will place a lay bet on Liverpool not winning the match. In the case of a draw or a Manchester United win, the lay bet will be a winner.
However, lay betting has significant liabilities which are deducted from your betting account if your bet loses.
This business model effectively eliminates the financial risk borne by bookmakers, which allows the betting exchanges to offer better odds than the ones provided by traditional bookmakers.
Matchbook charges a 1% commission on each bet that you place. The commission is deducted from the profit for the winning bets and deducted from the potential profit or stake for losing bets.
Placing Bets on Matchbook
Just like any other betting exchange, Matchbook will always set the markets, while the customers set the odds they would like to back or to lay. This means that when you place a bet, you click on your desired odds and set your stake. If other users are willing to accept the opposite bet at your selected odds and if the liquidity is enough, your bet will be matched.
It is also possible that your bet can be matched partially or not matched at all if the liquidity is not sufficient. Unmatched bets are kept open until other punters place new opposite bets that could match them. All the unmatched bets can be cancelled at any time before they are matched. If the bets are unmatched after the event starts, then they are voided.
Why Should You Have an Account with Matchbook?
Matchbook charges the lowest commission among the available betting exchanges. Unlike Betfair which charges a 5% commission on your winnings, Matchbook deducts 1% which is charged on the profits of winning bets and deducted from the stake or potential profit for the losing bets.
You back Liverpool at odds of 12.5 to win the Premier League for €10.
• If Liverpool wins the Premier League, you pay €1.15 commission. (1% of €115 profit)
• If Liverpool fails to win the Premier League, you pay €0.10 commission. (1% of €10 stake)
Lower Minimum Stake
Matchbook has a low minimum stake of $2, unlike Betfair which has a larger minimum stake of $4 and higher for various football markets. This makes Matchbook attractive to more punters who may have a smaller bank but want to experience the unlimited potential of exchange betting.
Excellent Liquidity for Football Markets
Unmatched bets are one of the biggest challenges that punters face in betting exchanges, caused by low liquidity. The high liquidity available for the football sports markets on Matchbook ensures that bets are matched with relative ease.