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Matchbook Commission Update

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plommer

plommer

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From Matchbook:

"Dear Member,

Following a customer consultation period, and an extensive, internal review of our commission rates we have taken the decision to simplify the structure and to move from the current Offer/Accept concept. From the 1st January, 2013, all bet types, regardless of whether they are Offer or Accept, will now incur a flat 1% commission.

This commission rate will still be applied to the Win amount on winning bets. For losing bets, it will be applied to the lesser of the stake or potential Win amount.

What does this mean for you?

For the vast majority of customers, there will be no impact; however, customers who previously availed of the discounted rate on Offers, will now pay 1% on all bets. Matchbook remains the lowest commission exchange option and will continue to offer great value to all our customers.

As part of the process, we will also be extending the 0% commission rate on Live Soccer bets until the end of May, 2013. During the year, we will also be doing commission promotions across a range of sports.

If you have any questions about this change, please feel free to contact us.

Regards,
Team Matchbook"
 
reno cool
is this going back to what they had years ago?
Click to expand...

It used to be 2% years ago.

Matchbook often has the best price on most North American markets closer to gametime, they beat Pinny by a couple to a few cents.

Not as good for openers but the cats ass for wagers made close to gametime, they also have more live action than before.
 
As a matter of fact betfair is looking to expand their "in play" wagering on horse racing, yep, thats right, in race live horse wagering.

I know they do this on big race days like the Breeders Cup and it's tons of fun to watch even if you aren't wagering yourself.

Betfairs liquidity on Breeders Cup races is the most amazing thing ever. Millions of dollars of liquidity!
 
reno cool
Man, I wish I could get fixed odds on greyhounds. Morning line is so bad.
Still, I would seriously get into horse racing if fixed odds were available to me. How can you not be making a fortune Plommer?
Click to expand...

Reno, the most attractive thing for me is lay bets on betfair.

I tend to book wagers on overbet favourites in large fields.

You can even bet against a horse to place/show.

I've had some big days booking horses at betfair.


If I had to give up everything else to book horses on betfair I would.
 
Off topic only slightly, Betfair have positioned themselves perfectly for when ever online is legal here. Betfair Hollywood Park is already up and running and they now own TVG, and the TVG angle is of more interest. When online is legal TVG will vanish and be swallowed up by Betfair lock stock and barrel, with the accounts just switched over, and those people will then be free to bet on sports, at which point the liquidity will reach mamouth proportions.

To think people like Betfair and William Hill haven't already spent millions canvassing Capitol Hill would be naive. Betfair wouldn't dip their toes in at this early stage unless they seriously thought they had a chance of change.

I'm confident it's not far off and NJ will only bring it closer.
 
Another thing worth considering Plom is Betfair would then have control of a large section of the pool betting you use here in the States, but guess what....the whole world will have access to it because Betfair will market it like crazy. They love pool betting, a straight 28% skim, similar to rake.

It could be the shot in the arm horse racing this side of the pond has needed for two decades.
 
Possibly, but I do think there is scope for more prize money = more owners = more horses = better racing = increase in attendance.

Could be wrong.

I've been a horse racing fan all my life and its decline is global.

I hijacked this thread. Apologies to the matchbook boys.
 
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