Matchbook Betting On Further Expansion
August 3, 2017
Online betting exchange Matchbook has been given substantial investment. The value of transaction has not been disclosed but it’s significant enough to warrant an official announcement from the firm. So much so that the company says the cash injection will ‘considerably grow the trajectory’ of its business. The investors are said to have a wealth of experience in horse racing and international expansion, so Matchbook is set to undergo some positive changes in the coming months.
The battle of the betting exchanges looks set to move into a new chapter then. Matchbook has made a conscious effort to close the gap to the competition over the past two years, including notable improvements to the online platform and mobile product. The brand imagery is also much more aesthetically pleasing nowadays, so it’s clear that the exchange is moving in the right direction.
Matchbook CEO Mark Brosnan was bullish when speaking about the future of the company;
“The shackles are well and truly off. The strategic nature of the investment puts us in a very strong position to end Betfair’s dominance of the betting exchange market.
“We have experienced exceptional growth over the last 12 months, driven by the horse racing product that we launched in July last year.”
“This deal will help to further strengthen our overall product offering and accelerate our very ambitious plans to revolutionise the customer experience in online gambling.”
Matched Betting With Matchbook
Exchange betting is part and parcel of matched betting, as in most cases we need to lay bookmaker bets off to cover both outcomes. Matchbook offers a standard commission rate of just 1.5% when you accept a match and 0.75% if you post a bet yourself that is then matched by another user. This is a comparatively low rate against other exchanges, which can have a positive impact on matched betting takings in the long run.
Right now, new Matchbook customers can get up to £500 cashback. Simply open an account and start backing and laying. For each £5 in commission you pay, you’ll get £5 back, up to a maximum of £500. The introductory offer applies to bets placed within your first five weeks of membership. So if you’re into matched betting and haven’t used Matchbook yet, now is a good time to give it a try.