Read on for all the latest top offers with the exclusive Matchbook Bonus Code, valid to be used throughout 2020.
- £10 if your first bet loses - the leading offer from the company says they will refund the stake of a first losing bet up to the value of £10
- Odds comparisons - According to Matchbook, its odds are better than most betting sites
Matchbook Bonus Code 2020
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Table of Contents
- 1 Matchbook Bonus Code 2020
- 2 Quality of the Exchange Platform
How to Register
Anyone who has joined bookmaker websites before will find it easy to register for a Matchbook account. Most will be able to make it through the process in just a few minutes. The usual details such as phone number, address and preferred currency need to be filled in on the form while signing up for a Matchbook account also involves picking a username.
It does not matter whether or not you use a Matchbook bonus code when you join as the Matchbook sign-up offer is automatically applied to all new account holders. As part of the offer up for grabs to new users, account holders can receive a refund on their first losing bet, up to the value of £10.
Matchbook sportsbook bonus
Matchbook does not necessarily have the same range of offers and promotions compared to a lot of the big-name betting brands that are found online these days. This is because the firm is a betting exchange rather than a sportsbook, so better value odds are instead its unique selling point. As an exchange, users are betting against each other rather than the house, indicating there should be more profit on offer.
Anyone unfamiliar with betting exchanges should still think about signing up for an account as the Matchbook bonus code sign-up offer essentially allows users to have their first bet risk-free. For this reason, the Matchbook bonus code 2020 is likely to be one of the most appealing offers around.
What does the Matchbook Bonus Code Offer?
Betting exchanges are growing in popularity and the Matchbook welcome bonus code means those who are new to this type of gambling have a risk-free way in. If your first placed bet using Matchbook turns out to be a loser, the company will refund your stake up to the value of £10.
Terms and Conditions
As is the case with any new sign-up promotion, the sign-up offer does come with some terms and conditions attached. However, you do not need to remember to add the promo code itself due to the fact it is applied automatically during the sign-up process.
The most important part of the terms and conditions for the Matchbook bonus is that the losing stake of a first bet will only be refunded up to the value of £10. This means that users who place a £20 bet for their first wager on the site will only get £10 of the bet refunded into their account so they can play again.
According to the company, those who used the Matchbook sign up code will usually see the £10 back in their account within 72 hours of the wager being settled. But it is also worth keeping in mind that new Matchbook users must place their initial qualifying bet within a week of opening their account.
In addition, the terms and conditions of the code for Matchbook include some rollover requirements for the refunded stake money. This means new Matchbook users cannot just take the refunded £10 straight back out of their account. In the terms and conditions, it states that the bonus money must be rolled over once at odds of 2.0 or more, then it can be withdrawn from an account. There are different ways the rollover requirements can be achieved, for instance by placing two £5 bets.
The last things to keep in mind about the Matchbook bonus code offer is that accumulator bets are excluded. And anyone who makes their first deposit into their new Matchbook account by using Skrill, Neteller or Paysafe Card will not qualify for the offer. The conditions of the offer are therefore quite tight.
Is a Betting Exchange the same as a Traditional Sportsbook?
Betting exchanges are becoming more popular but a lot of people are still unfamiliar with how they work. On a traditional sportsbook, users are betting against the house in effect – the company itself.
Meanwhile, on a betting exchange, users are instead gambling against each other through wagers that are known as backing and laying. To back a bet is to bet on the outcome happening, while a lay bet is to gamble against the event happening. Back bets are therefore the same as most sportsbook wagers.
Betting on an exchange rather than a sportsbook has one obvious major advantage. This is that odds should be higher than the comparable prices on offer on sportsbook markets. This means the same stake can result in bigger profits being returned – more money into your pocket, so good news!
Does Matchbook Charge a Commission on Bets? Yes, 2%
Matchbook charges a commission for winning wagers, yes, just like other betting exchanges that can be found online. In exchange for the commission, users get better value odds, so it balances out overall.
The commission rate for residents of the United Kingdom, the Republic of Ireland, the Channel Islands or the Isle of Man is just two per cent, which is a negligible amount of money for most Matchbook users. Those who are signing up to the Matchbook com bonus code from another part of the world will be paying a commission rate of four per cent.
Losing bets on Matchbook are not subject to the commission rate as it is applied to net profits only.
Is There a Minimum Bet Size on Matchbook?
Users will find there is a minimum bet size on Matchbook. It stands at $/£/€0.10 – most users will find they are never going to want to place any wagers on the exchange smaller than that anyway.
Quality of the Exchange Platform
Football and horse racing are the two major sports available to bet on with Matchbook, but there is a good range to pick from. For any usual Premier League game there will be dozens of markets to pick from and most people will find they are not missing anything they could find on a sportsbook instead.
NFL is a big focus for Matchbook as well, while those who prefer other American sports such as basketball will find they have plenty of options as well.
The site does not have a total focus on sports as TV and politics specials can be bet on as well, while the site has a casino option that might be appealing to a lot of people as well. Blackjack, roulette and even a Deal or No Deal casino game are among the most popular games on the Matchbook casino.
Casino fans can also make the most of the casino bonus code, a promotion that gives new users a 100 per cent deposit match bonus up to the value of £100. This casino offer for Matchbook users also gives account holders the chance to land as many as 100 free spins.
Matchbook users can pick from various banking options, although at the time of writing cryptocurrencies cannot, unfortunately, be used to deposit funds, which is a shame.
Anyone using the Matchbook promo code to make their first deposit has plenty of options, including Mastercard and Visa debit or credit cards. Paysafecard, Neteller and Skrill are among the e-wallets that can be used to deposit funds into a Matchbook betting exchange account.
Making a withdrawal out of a Matchbook account has the same payments methods as options.
In general, it will usually take a few days for withdrawals made using debit cards to be processed and the money returned to your bank account. Withdrawals made using e-wallets like Paysafecard, Neteller and Skrill are a lot faster – they can be processed as quickly as 15 minutes in a lot of cases.
Matchbook uses a “closed-loop” policy, which in effect means withdrawn funds have to be taken out into the same source that was used to make a deposit into the account.
Customer Support Quality
Not all sportsbooks have a live chat option for customer support, but the good news is this is present on the Matchbook site. Live chat is often the best way to get an answer to a quick query. The bottom right corner of the screen is where the live chat option can be found on the Matchbook website.
Matchbook sign up code users can also call 0203 642 6867 from the UK to speak to a customer service agent. On Monday, Tuesday and Wednesdays, Matchbook customer service is available from 8am to 11pm GMT and on Thursday, Friday, Saturday and Sunday these hours are extended to 8am to 1am GMT.
Matchbook sign up code users can bet while on the move through either a mobile site or an app. Full access to Matchbook options like the casino and betting sites is available through both the app and mobile site, with each option working very well indeed, so they are worth checking out.
The mobile app has a lot of good reasons to use it, but real-time updates for betting odds is probably the top of the list. Anyone who wants to keep up with how their wagers are doing while they are away from home will find the Matchbook mobile app to be very useful indeed. The app is responsive and allows users to make both deposits and withdrawals, as you would expect. Android users can find the Android app on the Matchbook website as the Play Store on Android does not allow any gambling-related mobile applications to be sold. Apple users can just head on over to the App Store in order to download the app.
Everything users would expect is present on the Matchbook mobile site, which has the same style as the red and black design the site has on a full-sized screen. Apps have all been optimised for mobile use, so those who sign up should not experience any major issues when using the Matchbook mobile site.
While sportsbooks have their place, betting exchanges offer something very different. It can be a big boost to get the best value when winning wagers come in, so for those who rank top prices among the most important factors on a site, Matchbook will be a very popular choice indeed.
A commission rate of just two per cent for those living in the UK or Ireland is attractive as well, especially when compared to Betfair – one of the main rivals to Matchbook – charges a comparatively massive five per cent commission rate to customers. Betfair does have a sportsbook attached to its exchange, though, whereas Matchbook does not, so this could be a drawback for some people.
The Matchbook bonus code is good, but the lack of other major offers and promotions is likely to be a problem for users who have become accustomed to major betting brands who have these.
Top 3 Alternatives to Matchbook
Coral, Ladbrokes, Betfred and Paddy Power are not really competitors to Matchbook as they are sportsbooks rather than betting exchanges. This means Matchbook’s main competition in the industry undoubtedly comes from Betfair. A familiar name to a lot of sports betting fans already, Betfair is one of the biggest betting companies in the world and has a sportsbook as well as its exchange. However, Betfair charges a significantly higher commission rate when compared to Matchbook’s two per cent.
Smarkets and Fairlay – the latter of which is a sportsbook as well as a betting exchange – would be considered among the other leading competitors to Matchbook in this part of the industry. Smarkets offers a generous sign-up promotion but some markets can lack liquidity, making it hard to find value, while Fairway has very little profile outside of quite hardcore bettors. Matchbook, therefore, is definitely worth thinking about for those who want to try out a betting exchange for the first time.