[katstale]

Don't be doing your maintenance during the day!! Bogus.

[Hareeba!]

Don't be doing your maintenance during the day!! Bogus.

Whatever time it is, it's during the day somewhere.

[MatchbookMike]

Our temporary outage was due to system upgrades needed to implement our Multicurrency platform I am now proud to announce that Matchbook.com is now available to all punters in EUR, GBP, CDN, HKD in addition to USD.

This has been a wildly anticipated release and we expect it to further stimulate our growth and liquidity. Matchbook is quickly becoming a viable, liquid, lower commission, no premium-charge betting exchange the industry desperately needs. In addition, to industry leading liquidity in NBA, NHL, NFL and MLB liquidity Matchbook now offers highly liquid Soccer, Tennis and Rugby markets.

For any existing customers who wish to change their existing account to one of our new currencies please contact info@matchbook.com and provide your username and desired currency. Currency transfers will be processed at the XE rate, calculated at 9am GMT on the day of the transfer. After 31st March, 2012, transfers will incur a 1% foreign exchange fee.

To celebrate this release Matchbook is offering free Moneybookers and Neteller deposits until the end of March and March Madness.

If you don't already have an account please sign up and join the revolution! For those who do, thank you for playing at Matchbook.

- Mike

[katstale]

Ok Ok! Nice upgrade. VIP loyalty program next?

[MatchbookMike]

Ok Ok! Nice upgrade. VIP loyalty program next?

Cheers Katsale, Yep VIP is coming very very soon. Any current customers will be kept at the current commission rates for a significant period of time. After that their wager volume will have to be above a minimum threshold to qualify for the current and better rates. We will release more details in the coming weeks.

[Hareeba!]

Reading between the lines it looks as though commission rates are going up but existing customers get a break whilst having the opportunity to build up loyalty points to offset it.

Personally I think more important than a VIP program is reverting to a net market commission basis rather than charging commission on every bet. That will bring traders back into the markets and prove a huge boost to liquidity.

[MatchbookMike]

Reading between the lines it looks as though commission rates are going up but existing customers get a break whilst having the opportunity to build up loyalty points to offset it.

Personally I think more important than a VIP program is reverting to a net market commission basis rather than charging commission on every bet. That will bring traders back into the markets and prove a huge boost to liquidity.

The debate about volume based comm vs Net win will always be there and it is one that we are asked from time to time . All I can say for the time being is that matchbook is committed to the volume based commission structure it allows us to incentivize our market makers in making the tightest most liquid markets. We are confident that with our commissions as low as they are and with all the additional improvements that will surely come on board over the coming year Matchbook will remain and continue to be a great place to bet regardless.