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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

Everton has landed yet another important deal by teaming up with Parimatch, appointing it as the club’s official betting partner in Europe and in the ...

Read more »

Online sports betting operator 22Bet has reached an agreement with French Ligue 1 champions Paris Saint-Germain. The two-year deal, ending 2022, will ...

Read more »

The South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

European sports betting firm Melbet is expanding its presence in Africa by entering the Kenyan market. After already operating in Nigeria, Ghana and U...

Read more »

Latest Betting Offers

18+ | T&Cs apply | begambleaware.org

The generated voucher is only valid for people of legal age. The betting credit worth €5, €15 or €30 is awarded at random. The term "voucher" in the bonus provisions refers to both betting vouchers and free bet vouchers. In addition, 10 x € 3.000 will be raffled among all players who have redeemed their betting credit. The winners will be determined by drawing lots and notified by email on October 7th, 2020. The judges' decision is final. The prize money will be credited to your Interwetten account and is freely available.