so i think i will open an account with matchbook since i have only heard good things, but am confused by one thing. How does the rebate work if you deposit via credit card. It says 4.9% fee refunded in by commission credits? Can anyone explain this to me?
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If you deposit $100, you will see $95.10 in your account and $4.90 in commision credit. If you lose a bet, there is no commision taken. If you win a bet, Matchbook takes 2% of the winnings out of your commission credit if some exists. If you bet the entire $95.10 on one bet and loss, the commision credit would remain in your account but you cannot use this money to bet.
Once you use up your commission credit, the 2% comes out of your account total. As long as you don't go broke, you are basically getting to deposit via credit card for free.
Hope that helps.Comment