Matchbook Offering 0% Commission on Soccer Bets
Betting exchange Matchbook has announced that it will be offering 0% commission on all soccer bets until 1 April, setting a new standard for the industry.
Unlike traditional sportsbooks, Matchbook’s exchange betting system means you bet against other punters rather than against ‘the house’.
Normally these exchanges will take a small commission from bettors’ net winnings (the win amount, but not the stake), or for losing bets from the stake or the potential win amount, whichever is lowest. However for the next four months Matchbook will be waiving this figure on soccer games.
Even on other sports, Matchbook’s commission is lower than the industry standard – it charges just 1%, so for a $50 bet at odds of 3.76 (around 11/4) you would pay $1.38 in commission if the team you back wins, or 50 cents if they lose.