{"id":2771,"date":"2017-11-24T16:09:07","date_gmt":"2017-11-24T16:09:07","guid":{"rendered":"https:\/\/www.oddsmonkey.com\/blog\/?p=2771"},"modified":"2022-03-28T11:05:48","modified_gmt":"2022-03-28T10:05:48","slug":"matchbook-betting-exchange","status":"publish","type":"post","link":"https:\/\/www.oddsmonkey.com\/blog\/matched-betting\/matchbook-betting-exchange\/","title":{"rendered":"What is the Matchbook betting exchange?"},"content":{"rendered":"\r\n

Let’s start with the basics: Matchbook is a betting exchange. A betting exchange is a marketplace where you act as the bookmaker. The Matchbook betting exchange is one of the 4 main exchanges operating in the UK. Find out more about the others in this post.<\/a><\/p>\r\n\r\n\r\n\r\n

If you’re not already signed up to Matchbook, you can do by clicking the link below, it’ll only take a couple minutes of your time.<\/p>\r\n\r\n\r\n\r\n

Sign up to Matchbook<\/a><\/p>\r\n\r\n\r\n\r\n

The Matchbook betting exchange<\/h2>\r\n\r\n\r\n\r\n

About Matchbook<\/h2>\r\n\r\n\r\n\r\n

Matchbook started in 2004 and is\u00a0licensed by the\u00a0\u00a0AGCC (Alderney Gambling Control Commission). Licensing is always important when it comes to bookmakers and betting exchanges as your money is involved.<\/p>\r\n\r\n\r\n\r\n

The company was created by a group of professional sports bettors. They wanted to create a betting exchange that appealed to bettors of all experience levels. From those who only get involved in the National to long-term, professional bettors.<\/p>\r\n\r\n\r\n\r\n

Matchbook offers odds for a variety of well-known sports, including football, rugby (league and union), and horse racing. The site also offers odds for things like Australian rules football, MMA and ice hockey.<\/p>\r\n\r\n\r\n\r\n

The Matchbook betting exchange isn\u2019t just for sports fans though. They also offer an online casino and run regular football pools. There’s something for everyone.<\/p>\r\n\r\n\r\n

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Matchbook commission<\/h2>\r\n\r\n\r\n\r\n

Unlike when you bet with a bookmaker, you’ll usually pay commission on bets placed at the betting exchange. Commission rates vary exchange to exchange. Betfair, for example, charges 5%, whilst Matchbook’s rate is one of the lowest available.<\/p>\r\n\r\n\r\n\r\n

Betting exchanges: A quick overview<\/strong><\/h2>\r\n\r\n\r\n\r\n

As I mentioned earlier, a betting exchange is an online marketplace. A bookmaker is too, so how are they different? Well, both offer many of the same betting opportunities but there are a few differences.<\/p>\r\n\r\n\r\n\r\n

When you place a bet at a bookmaker, you’re betting against that company with the odds offered. Here’s a quick example: if you place a ‘back’ bet at Coral, they’ll receive your money if your bet loses. If you win, they’ll be the ones who pay you out of their own pocket.<\/p>\r\n\r\n\r\n\r\n

However, when you bet using a betting exchange, you’re actually wagering against fellow punters. This is where the ‘marketplace’ comment comes in. The exchange connects you to bettors with opposing views to yours. As a result, betting exchange users are able to \u2018lay\u2019 against a result, which means that they’re playing the role of the bookie.<\/p>\r\n\r\n\r\n\r\n

Find out more about ‘back’ and ‘lay’ betting in this post.<\/a><\/p>\r\n\r\n\r\n

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Using the Matchbook betting exchange to make money<\/h2>\r\n\r\n\r\n\r\n

Matched betting is a way to turn bookmaker free bets and offers into real money. Read our guide ‘What is Matched Betting?’<\/a> for more information. Matched betting works by ‘matching’ your bets – placing one a bookmaker and the other at a betting exchange. A Matchbook betting exchange account is ideal for matched betting, especially with the current commission rate offer. Download your free introduction today to find out more about matched betting.<\/p>\r\n\r\n\r\n\r\n

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Let’s start with the basics: Matchbook is a betting exchange. A betting exchange is a marketplace where you act as the bookmaker. The Matchbook betting exchange is one of the 4 main exchanges operating in the UK. Find out more about the others in this post. If you’re not already signed up to Matchbook, you […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_breakdance_hide_in_design_set":false,"_breakdance_tags":""},"categories":[79,61,93],"tags":[],"yst_prominent_words":[2701,337,1202,534,209,2373,1980,2751,695,3393,3354,3369,3370,109,111,2739,200,151,3384,3003],"acf":[],"_links":{"self":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts\/2771"}],"collection":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/comments?post=2771"}],"version-history":[{"count":12,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts\/2771\/revisions"}],"predecessor-version":[{"id":7147,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts\/2771\/revisions\/7147"}],"wp:attachment":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/media?parent=2771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/categories?post=2771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/tags?post=2771"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=2771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}