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Matchbook - Commission free tennis betting for the next month
There is a banner on sbr saying that until the 8th of June Matchbook won't be charging any commission on tennis matches. That's sounds very good as the French Open is coming soon. Also, I took the time to check their website and saw their regular commission is just 1% compared to betfair's 5%. So is there any reason why Matchbook wouldn't take all of Betfair's business very soon?
I want to play poker so Where should I go!!!!!!
They don't have live betting but other than that better odds than both betfair and pinnacle.
pinnacle never has commision on anything.
pinnacle doesn't have commission but it's not an exchange and the odds are juiced
I wonder what their tennis volume will be like for the French.
I'd consider depositing there just for this promo alone but I don't want to go through the hassle if it's just you and I and a few other stragglers putting up decent money for tennis while everyone else is still at BetFair.
I am considering depositing there,too. I just saw they do book to book transfers with pinnacle so i will try them. I hope they get some liquidity and start adding live matches. But I think guys from Betfair will eventually move there because even when the promotion is over 1% commission is huge compared to Betfair's 5%.Originally Posted by shari91
Bloody hell - I just took a closer look at their commission structure. If they stick to this and market it properly, they're going to give Betfair a huge run for their money. Yeah, some people at Betfair get less than the 5% rate but the majority don't.
Although they don't have live betting, this will definitely be worth it for pre match bets. Saving 4-5% is huge.
Matchbook Commission Structure
As of April 11th 2011 Matchbook is announcing a new commission structure. Matchbook users who post offers will be charged .5% commission while Matchbook users who accept offers will be charged 1%, calculated on volume.
Matchbook commission rates of 0.5% or 1% will be applied to the win amount for winning trades. For losing trades, it will be applied to the lesser of the stake or win amount.
This subtle change will drive the next phase of growth on the exchange as Matchbook makes a large scale marketing push into Europe and Asia.
Matchbook VIP
In the coming weeks, Matchbook will be unveiling Matchbook Rewards, a multi-tiered customer loyalty program where high volume players are rewarded with even lower commission rates.
Lowest Commission in the Industry
Matchbook is committed to providing the lowest commissions in the industry. Matchbook's goal is to offer the highest return on winning trades and the lowest cost on losing trades compared to any other exchange or bookmaker on the Internet. This can be independently verified by widely used odds comparison websites.
Very good news! I'll take a look
And even if they did have live betting, the per-transaction model is horrible for trading in-running (or for trading pre-game, for that matter).
Yeah, I figured it out myself.
what is this per-transaction model? Do you mean that they charge a commission on every bet rather than on every market?
The shills don't even understand the model they're touting. Well aside from the fact they only have cupcake liquidity.
You can´t compare the 1% at MB with 5% at Betfair. 1% is charged regardless if you win or lose on MB and your only charged if you win at Betfair.
And people will gladly pay a higher price for decent liquidity which is an area where no one will be able to compete with Betfair anytime soon. But don´t get me wrong, I really hope it will turn out well for MB since competition on the exchange market would be highly appreciated.
From now I´ll start counting the minutes until someone who hasn´t been close to be affected by the Betfair premium charge will tell us how terrible that one isO/U should be around 36 minutes...
Awesome promo and odds are way better than Pinny's and even Betfair....anyone who plays Tennis is crazy not to play there.
whats their liquidity normally like on grand slam tournaments?
Yes, some very good reasons.
The greatest of all being LIQUIDITY
That will take a good while for Matchbook to catch up on Betfair. It won't happen until Matchbook offers more currencies than just USD for a start.
Matchbook is hardly heard of outside of the US and that won't change in a hurry. They have to spend a good deal on advertising and sponsorships before they'll start attracting many Europeans and Asians.
And your comparison of commission is not valid.
Yet Betfair's is higher but they charge it only on winning bets, Matchbook charge it on both winning and losing so you have to either double Matchbook's or halve Betfair's for a start to compare.
And Betfair offers regulars commission discounts which so far Matchbook hasn't introduced.
yep. it's a deal worth looking into. thanks for the news!
?????
I actually placed a couple of bets there last night and there was bugger all liquidity as there always has been at MB for tennis. I had to go to Betfair, Pinnacle and others to get the balance of my stakes on.
And I didn't know about the no commission deal and see that they have charged me commission on settlement of both those bets! Obviously I must have beaten the gun ?
what an ignorant statement
I can't see anything about this at Matchbook.
And I was charged commission on two bets I had last night.
some amazing tennis odds on matchy today, 4 or 5 higher than betfair
I think Matchbook can be a alternative to Betfair if the liquidity is high enough. Betdaq has not the necessary liquidity apart from a few markets.
betfair has a bad habit of crashing during busy times.
the uk horseracing liquidity isnt far off on betdaq
I rarely have experience crashes at Betfair
far more at Pinnacle and Matchbook
there has been petitions started a few times one with over 6000 followers.
betfair is the daddy for liquidity but im starting to really like matchbook. i hope they make it big.
The crashes at Betfair are less than at Pinnacle the last months, but when you have open bets there, the possible damage can be big. When there is a crash at Pinnacle then you use another bookie. Btw Pinnacle seems to have fixed their problems. I didn't have any accessibility problems the last weeks.
The promotion started today. Maybe that's why.
I think matchbook will very soon become the best book for ante betting (easily takeover pinnacle, as 2% commission beats the juice there), but Betfair will still be the best for live betting. I hope they do some good advertising and improve their liquidity soon.
It is indeed a great promotion, but if I were a player outside of u.s, I will keep a close eye of the payout situation for u.s players. Personally I requested the payout on Feb 28th, but am still waiting to be paid, 70 days and counting. For detail, please check into 'matchbook update', http://www.sportsbookreview.com/forum/sportsbook...ok-update.html.
Redapple they clearly said yours was one of the few mistakes.....youl get paid
They sent the wire to the wrong account #, they can simply provide an amendment per my bank's request, but they requested a recall instead. They can resend the wire immediately , they have requested the wire to be returned, they know they will get it back for sure, that's actually what they told me earlier, but they changed their words later to 'we will only resend the wire when we receive the returned fund back', they even said something like 'we don't have the money to pay you now, we have to wait for the wire to get back to our account to pay you.' I just couldn't believe what I heard at that time, so straightforward, we don't have the money to pay you now. LOL
So after all these explanations, you still think it's just an honest mistake?
wow... wierd ! tell us if you get paid. man i hope you do.
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