SPORTSBOOK REVIEW NEWSWIRES
Matchbook charging players 0.2% for offers made
10/20/2009 2:21:43 PM
Reports were received stating that
Matchbook (SBR rating A-) has incorrectly charged players that make offers 0.2% commission per accepted offer for the last seven days.
Matchbook's written policy regarding offers is that any player who makes an offer is paid 0.2% for each offer that is accepted, while charging the player that accepts the offer a 1% commission. The policy was enacted on March 17th. SBR will update this report pending Matchbook management addressing the situation.
Matchbook's rule: From Mar 17, Matchbook has dramatically cut commissions by eliminating
our 2% net-win commission system and shifting to a much simpler
volume-based one.If you post an offer that is accepted, not only is there no fee, but
Matchbook will pay you 0.2%. As demonstrated lately on many financial
exchanges, liquidity explodes when people are paid to make offers.