Matchbets Review of the betting Exchange site that pits player against player and in return lowers the VIG or Juice (this is how much the Sportsbook takes as a cut for taking the bet) down to only 2%, Sportsbooks normally take a 10% cut on bets.
Watch the video on How to make a wager at Matchbets
That's not all you also get a fantastic deposit match up to $500 at Matchbets with bonus code: MATCH.
There's also a Crpto deposit Bonus of $100 for a £25 deposit – use the bonus code: CRYPTO.
How to get the Matchbets Deposit Bonus?
Opt-in and the next deposit you make at matchbets will be matched by them Up to $500.
- Sign Up to Matchbets
- Use Deposit Code:MATCH
- Get your Deposit Bonus matched up to $500.
Launched in 2019, Matchbets is a new bookie that aims to do things differently. It’s a sportsbook just like the rest, but also a little bit like an exchange. If we had to describe it in the simplest terms, it’s the best of both worlds.
The juice or vig is one of the key elements of sports betting sites. It represents the amount the sportsbook charges when taking a gambler’s bet. In Canada, the juice is usually around the 10% mark. At betting exchanges, this percentage drops significantly since the house is no longer directly involved in the betting process. Betting exchanges put players against each other, which is why the vig at these sites is around 2%.
That’s the precise amount Matchbet charges. It doesn’t call itself an exchange – as a matter of fact, it considers its site a sportsbook. Matchbets pairs players to wager between each other instead of the house, offering a one-of-a-kind low-fee sports betting experience.
Licensed and regulated by the government of Curacao, you’ll be betting against others in a safe and secure environment. If you were looking for a bookie that does things differently, it’s the perfect choice.
How to Sign Up
Signing up at Matchbets is pretty simple. When you enter the site you’ll be welcomed by a massive banner that showcases the sign up offer. The sign up button is right beneath it and a simple click on it will start the registration process.
Canadian players won’t find it hard to create a new account. Just follow these steps:
- Enter your new username and create a strong password;
- Enter your email;
- If you have a promo code, now would be the time to use it;
- Enter all the other details Matchbets requires;
- Confirm your account via the verification link in your email;
- Start betting!
The whole process didn’t take more than a few minutes of our time. It’s pretty straightforward and shouldn’t be too big of an issue for most Canucks. As soon as your new account is ready, use your new credentials to login and enjoy the world of bets at your fingertips.
Matchbets Free Bet
Matchbets doesn’t have a free bet for new players, but it does have a generous welcome bonus. All new Canadian players are eligible for a massive first deposit bonus worth up to C$500. This means that if you join the site at the moment, it will match any amount you deposit up to C$500.
The minimum qualifying amount is not specified, but we believe it close to C$10 or C$20. New players will be tempted to get the max, but before you get your hands on the bonus, you should first read the T&Cs.
While there’s no free bet on sign up, Matchbets might offer them later. Go to our dedicated page to see our full list of Canada betting sites in 2021 and the bonuses you can claim.
How to Claim the Matchbets Welcome Bonus
The bonus at Matchbets is pretty easy to claim. All you need to do is register, make the qualifying deposit, and you’ll get double. There’s nothing more to it – it’s a straightforward welcome offer that doesn’t require promo codes or anything of the sort.
Other Bonuses and Promotions
At the moment, Matchbets offer nothing in terms of bonuses and promotions, for such offers visit the Bovada bonus code page, apart from the welcome bonus. In that way, the bookie offsets the low vig it offer. This is a common practice for betting exchanges and it seems that Matchbet sticks to it.
However, we wouldn’t be surprised by a free bet or two in the future. After all, Canadian bettors are all for bonus offers, and Matchbets will have to do better than offering low juice only to keep players entertained.
Layout & Design
Matchbet’s layout and design has definitely been made with usability in mind. The site sports a modern, yet classic design, so even if you’re new to online sports betting, you shouldn’t have a problem with navigation.
Getting your bearings at the site for the first time is pretty simple. All the different sections are nicely outlined and a click will take you directly to the area of the site you want to visit. We liked the simplicity of the interface and design and tried it on both PC and mobile devices. It worked great on both and performed flawlessly and with no glitches too.
Matchbet calls itself a game-changer. However, by looking at the list of sports on offer bettors might be a bit disappointed. While the major sports are properly covered, there are still markets missing that some sports fans are in love with.
Of course, this also means that the bookie has a more focused offer. The most popular sports are all on offer, including the NBA, soccer leagues and competitions, NHL, and college basketball events. There’s tennis too, paired with cricket, cycling, darts, golf, boxing, MLB, MMA, rugby, soccer, and more. To be honest, the offer is not half-bad in our opinion.
The sports menu is to the left where most bookies place it. At the top of the column you’ll find the most popular sports. Right beneath them are all the sports listed in alphabetical order. You’ll find soccer and basketball among the faves which isn’t a surprise considering how big the NBA and Premier League are in the world right now.
Click on the sport you want to bet on and you’ll be presented with highlights in the center. You have three tabs – games, matchbets, and futures. Each of these is peppered with hundreds of markets you can access by clicking on More Wagers. Let’s take the NBA for example. Bet on a match in the regular season and you’ll get markets such as halves, quarters, specials, point spreads, winning margins, match winners, and a bunch of team and individual bets as well. The markets expand further when the playoffs arrive, and it’s the same with other sports too.
Aside from the regular, you get a collection of other sports within the diversified menu. Golf may be exciting for many Canadian bettors, and MMA and boxing will also draw their fans. NASCAR racing is on the menu too, as well as rugby and tennis. The latter is quite popular at Matchbets. The bookie/exchange covers all the major Grand Slams and all ATP and WTA tournaments as well. To be frank, we couldn’t find many markets missing on Matchbets’ menu. It has everything new bettors will ever need, although many will miss live betting.
There are no specials such as politics and TV show betting, but most bettors can live without them. Remember – Matchbets is trying to do things differently, and that’s reflected in the offer too.
The one-on-one bookie doesn’t have a mobile app. However, it does have a mobile site, and it works great as well. During our Matchbets review, we tried it on both Androids and iPhones and it performed great. No need to download anything – just head to the site via your mobile browser and enjoy.
The layout and design replicated the desktop website, so you won’t have trouble betting on your favorite markets. Everything is just a flick of your finger away. Everything works flawlessly too – we experienced no glitches at all when betting via our phones.
Matchbets Open Bets
Since it’s a betting exchange and not a regular bookmaker, don’t expect a live betting platform at Matchbets. However, the Matchbets feature is a solid replacement, even if it’s not the same thing. It allows you to place bets against other players at a pretty low vig and great odds.
The matchups are not available on all sports. However, they are available in the premier markets. It’s a very different type of betting from what we’re used to, but exciting nonetheless. In technical terms, these bets are not hard to place at all.
It works like this – click on Matchbets and you’ll get a total count of open bets you can match. There’s a handy filter on top of them, allowing you to target specific matchups. You can also choose a specific bet type – spread, moneyline, or totals for example. Finally, there’s a slider that allows you to view bets in a specific money range.
Choose what suits you best and take a look at the bets below. There will most likely be hundreds. You’ll see the type of the bet and the matchup along with a wager such as $25/25. If you think it’s a good one, you click on match and bet against the player. The bet will instantly be added to the bet slip on the right where you can put your stake and see the return. Everything is calculated automatically, so you shouldn’t have to use a tool to see how much you can win in return.
On the right, you can see all the options for your betslip. You can easily add a few bets and make them into a parlay, teaser, or round robin, or you can just go standard. Overall, the interface for the matchups is pretty easy to use and they’re fun anyway, so why not give them a try?
Help & Customer Support
Since Matchbets offers a different experience than regular sportsbooks, it’s normal for new bettors to have a lot of questions in the beginning. Luckily, the site has answered them all under the FAQ page and also included a few handy guides under Sportsbetting Help. It offers a few articles on what are moneyline odds, handicapping, and similar things, helping new bettors to find their feet at the site easier.
Aside from the FAQ page, you can also get in touch via email or live chat. The latter is very fast and responsive and has our recommendation.
Matchbets has partnered with only reputable payment providers you can use to make deposits and withdrawals. Bank transfer is on the list along with the Visa/Mastercard combo, a bunch of e-wallets, and Bitcoin too.
The sportsbook accepts USD and cryptos as currencies and has simplified the process of depositing down to the bone. To make a deposit, you’ll need to follow these instructions:
- Login with your username and password;
- Head to the My Account page;
- Choose a deposit method;
- Enter the details required;
- Enter the desired amount and click on Deposit;
- That’s it! Your money should be available soon.
The process is fast and free of charge, and in most cases, the funds will be processed instantly. If you’re the proud owner of Bitcoin or other cryptocurrencies, it’s somewhat different but familiar.
Of course, this means that you’ll need to have your Bitcoins ready in an online wallet. If you don’t have it, you can either mine for BTC or buy them from a reputable crypto exchange. The latter is the more viable option for most bettors. When you’re buying BTC, keep an eye on the USD to BTC rate. As soon as your wallet is funded with cryptos, you can easily exchange the address at Matchbets and the money should land in your account in 10 minutes.
Withdrawals are more or less the same. No fees are charged on them too. When it comes to withdrawal times, Bitcoin and e-wallets are the fastest.
Matchbets Pros and Cons
Matchbet is a unique sportsbook all right, but its features may not sit well with all bettors.
- Low vig and a unique exchange experience.
- Accepts Bitcoin.
- Covers the most popular sports.
- Hundreds of markets on offer.
- Solid welcome bonus.
- Lacks live betting.
- No bonuses apart from the sign up offer.
Matchbets review our Verdict
Matchbets’ motto is a game-changer, and a game-changer it certainly is. It’s a unique blend of a sportsbook and betting exchange that feels familiar, yet so different. That can be both a good and a bad thing. Experienced bettors will lack live betting, but others will be impressed by the vig. Held low at 2%, Matchbets allows you to go one-on-one against others and keep more cash when you win.
Even though it’s not your typical bookie, it’s still an impressive site to check out. You’ll get a solid welcome bonus on sign up, so put it to good use and test the site out.