Matchbook claims to charge the lowest commission on the market, but is that true?
Let's say we back a team at odds 2.0 for $1000. Even though our stake is $1000 the amount we actually risk is $1010. Our potential winnings are $990.
If we had bet $1010 at 2.0 at any other book our potential winnings would have been $1010, $20 more than in Matchbook. Therefore the real commission is $20 which is 1.98 % of the potential winnings.
This is true as long as the odds are 2.0 or higher.
Let's say now we back a team at 1.5 for $1000. The real risk amount is $1005 and the potential winnings are $495. Risking $1005 at 1.5 at another book could yield $502.5 in profits. Thus the real commission is $7.5 which is 1.49%.
It's not a coincidence that the real commission is about the same as the odds. For odds below 2.0 the real commission is always equal (approximately) to the odds and of course we are making significant saving over Smarkets.
When we lay the situation is reversed. We pay about 2% for odds 2.0 or lower but considerably less on long odds.
So Matchbook's claim to offer the lowest commission is true though not as advertized. The real drawback is of course that commission is charged on every bet. There is no offset and that hinders trading and other strategies but Matchbook has made great progress over the last year. They are making a big effort to promote football but an area they have traditionally been very strong is US sports. In NBA Matchbook will often beat Pinny's offer prematch and with good liquidity even during the regular season. Let's hope they grow even more in the following years.
How much is Matchbook's commision really?
Info about betting exchanges.
Jump to
- Bookmakers and Exchanges
- Bookies discussion
- Exchanges
- Arbing, Matched & Value Betting
- Arbing, matched betting and trading talk
- Value betting talk
- Newbie's questions
- Alert services
- General talk about alert services
- BetBurger
- BetOnValue
- RebelBetting
- SureBet.com
- E-wallets
- General talk about e-wallets
- Neteller
- Skrill
- Betting agents
- General talk about betting agents
- AsianConnect88
- BetInAsia
- PremiumTradings
- Sportmarket
- Other gambling material
- Links
- VPN - VPS - VPC services
- Tipsters
- Rest Area
- Investing
- Stock Markets and Cryptos
- Other investments
- Rules & Info
- Rules
- Announcements
- Apostas inteligentes em português
- Software de apostas
- Carteiras digitais
- Agentes de apostas
- Discussão sobre apostas inteligentes
- Juego inteligente en español
- Software de juegos de azar
- Carteras digitales
- Agentes de apuestas
- Discusión sobre apostasías inteligentes
Recent Posts
- Bitcoin analysis and investing strategy apoel81 Thu Apr 25, 2024 7:12 am
- Arbing Scratchcards Tonton Thu Apr 25, 2024 6:45 am
- Winning Betfair Strategy arbusers Wed Apr 24, 2024 9:49 pm
- Quick question Onsel Wed Apr 24, 2024 8:02 pm
- Spring Sale - Get 33% off your first month of RebelBetting Pro brahyan paez rojas Wed Apr 24, 2024 6:36 pm
- BetInAsia change in bonus and cash-back offers for arbusers members. arbusers Wed Apr 24, 2024 2:59 pm
- Amount of exchange Marco Pilaris Wed Apr 24, 2024 11:37 am
- Bzeebet review and opinion arbusers Tue Apr 23, 2024 5:33 pm
- POD (Pinnacle Odds Dropping Alert Service) Henry Thomas Tue Apr 23, 2024 10:37 am
- Inplay Betting Strategies lm10 Mon Apr 22, 2024 8:40 pm
- About BetInAsia arb12 Mon Apr 22, 2024 4:07 pm
- KWIFF review and opinion neopas Mon Apr 22, 2024 2:56 pm
- Crypto withdrawals time hardcore Mon Apr 22, 2024 11:40 am
- Betting shops - Europe niel Mon Apr 22, 2024 5:24 am
- South American soccer betting! arb12 Sun Apr 21, 2024 5:59 pm