Horse Racing Bookies Review - Matchbook

Bonus code : MAXBET

Horse Racing Bookies Review - Matchbook

Matchbook Welcome Bonus Horse Racing

At Matchbook you can have a nice welcome bonus : 1st bet will pay out with Treble odds if it turns out to be a winner. Minimum odds of 2.00 for back bet only, max odds of 11.0. On top of that you can get £50 Cashback with Matchbook points.

If you want to get it now, please follow the step below and good luck for your 1st bet, in which you can win as if you bet on Treble odds:

  1. Sign up now by clicking on this link : Sign Up today on Matchbook (remember to use our bonus code : MAXBET)
  2. As your 1st bet, back any horse pre-race at minimum 2.00 & maximum odds of 11.0
  3. If your bet wins, you will win as if you bet on Treble of the original odds!
  4. Finally you can convert Matchbook points into cash. Earn 50 Matchbook Points in your 5 first weeks and you'll received £50 cashback.

Horse Racing at Matchbook

Website Rating 8/10
Size of Wager accepted 6/10
Offers and Free Bets 7/10
Restrictions/Closing of accounts 10/10
Competitive Racing Odds 7/10
Overall rating out of 50 38/50

Check Matchbook Odds For Horse Racing Here

The exchange landscape is so dominated by betfair that the emergence of a serious rival is to be broadly welcomed and deserves support. The Matchbook website has established itself quickly with high liquidity on a range of sports, with large sums matched on football and strong, established exchange markets. They have this summer branched into the world of UK horse racing, and the early signs are very encouraging.

With a flat rate of commission around 1pc (based on turnover rather than just on winning bets), they are a very attractive alternative, especially for those smaller staking, recreational punters in the 5-100 pound range. This compares very favourable with betfair who start with a 5pc commission rate (admittedly only charged to winning bets...losing wagers are not subject to commission). Betfair have also thought up many ways of deterring winning customers with their much derided premium charge...and Matchbook have spotted a gap in the market to go back to a pure exchange model.

The idea of an exchange as the "death of conventional bookmakers", with "winners welcome" seem a distant memory as betfair more and more becomes a sportsbook rather than the original business model. This has given Matchbook a great opening and they seem keen to exploit it.....first by offering zero commission for their first month of offering racing markets (coinciding with the Glorious Goodwood meeting), and then by maintaining the 1pc rate indefinitely into the future.

The main negative, as with any rival to betfair's near monopoly, is to try and capture liquidity that seems to be leaving racing markets quite markedly (particularly in the mornings midweek when barely a few hundred pounds changes hands and there a big gaps between back and lay prices). This is a major challenge, but on inspection over the past month, it does seem that Matchbook are making a real effort to at least match the prices available on betfair (albeit on win only markets). For in-running punters, the new rival struggles to compete and liquidity remains very thin.

Going forwards Matchbook hope to offer place markets, match bets and ante-post betting. This will increase competition even more...and that can only be a good thing for the astute racing punter.

Best for......small to medium sized racing punters happy to play win only (and taking advantage of a very favourable rate of commission

  • Excellent commision free period designed to attract new business and create liquidity
  • Easy to navigate and use the site
  • Funds guaranteed and very low margins that compare well with more conventional bookies
  • Best for....novice punters feeling their way into the world of exchange betting
  • Overall rating 38/50

Click here for our full Matchbook bookmaker review

Pros and Cons

  • Rapidly growing exchange that is putting smaller punters first 
  • A return to the customer based ethics that saw betfair thrive at the start of the business 
  • No premium charge on big winners 
  • Promotional period of no commision on horse racing is very attractive 
  • Relatively low liquidity compared with established market rival 
  • Not yet offering a full range of markets on racing i.e place markets or match bets 
  • Lack of activity on morning markets makes getting a large bet on very tough 

Bonus Offer

  • Use Matchbook bonus code: MAXBET and get a payout of treble odds on your 1st bet + £50 Cashback