Matchbook announced a set 2% commission on all sports betting

13 Aug 2019

The well-known betting exchange Matchbook has officially declared that it will be charging a set 2% commission on all sports wagering that takes place on its online platform. Furthermore, it announced that its new commission scheme will be applied only on net profits; meaning that its members will be solely paying commission on their winning bets.

The set commission 2% rate was introduced by Betdaq and Smarkets, with Matchbook now following its competitors' example in order to challenge the market leader, Betfair. The world’s leading betting exchange operates at a 5% commission rate, while offering some player discounts that depend on play.

In order to attract new betting exchange members, Matchbook launched in 2018 another innovative campaign called ‘Time to Move Over’, offering all sports with 0% commission for a specific period of time for its new players only. By launching that specific campaign, the operator explained that it was aiming to alarm its competitors in the betting exchange market.

Regarding the company’s new developments, Matchbook’s Chief Marketing Officer, Shane Stafford, stated that they constantly work towards the evolution of their product and structure, in order to guarantee that their players always have the best betting experience.

Moreover, he said that since the Premier League, the Champions League, the NFL and the National Hunt racing season are all about to commence, there wouldn’t be a better time to set their commission at 2% on all sports.

Furthermore, he argued that they have listened to their member base and they are switching to ‘Net Win’, highlighting the fact that they will no longer charge players on losing bets. He added that this will boost the player experience and make sure that Matchbook is the best betting exchange that one can choose.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from regarding betting promotions, betting guides and news.

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

UFC 286: Edwards vs Usman Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, March 18 at the 02 Arena in London. UFC 286, starting at 19.00 local time, features...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more » Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more » Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

1xBet Nominee In Multiple Categories At 2023 IG Awards Featured Image

Established back in 2007, 1xBet is considered one of the leaders in the sports betting industry. Therefore, the 11 nominations the brand received for ...

Read more »

bookmaker banner
bookmaker banner