Smarkets Review

Smarkets

Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after three months of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.

£10 Bonus

VISIT SITE

Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after three months of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.

Review Sections
About SmarketsWelcome Offer
Commission RatesFootball
Horse RacingTennis
GolfMotor Sports
PoliticseSports
LiquidityAccumulators
Smarkets vs Other Betting ExchangesLive Streaming
Website & AppAccount Settings
Deposits & WithdrawalsCustomer Support

About


Founded in 2008, Smarkets is a leading betting exchange which provides access to a wide range of sport, politics and current affairs markets alongside some of the lowest commissions of any exchange available today (this is just 2% and only applicable on winning bets).

Whilst still remaining firmly in the shadows of Betfair, the world's largest betting exchange, it is clear that Smarkets are an up and coming player and continue to refine their offering. As such, the Smarkets exchange is fast becoming a great betting exchange for pretty much any sport in the UK or further afield!

In this review I am going to cover Smarkets in more detail and look at how this platform could help you get the most from your betting. Starting off with probably one of the best reasons first, a £10 risk free bonus bet for any new customer, simply for signing up and depositing just £20 to get started with!

Smarkets

£10 Bonus

VISIT SITE!

Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after three months of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.

Welcome Offer


When trying out any new bookie or betting exchange it's always great to start off with a welcome bonus, if nothing else this helps you get a feel for how the new website works before going into your own funds and helps in deciding if this provider works well for you.

smarkets welcome offer

Smarkets currently offer a £10 welcome bonus to all new customers who sign-up and credit their account by at least £20 in a single transaction during their first deposit. Once your account is funded you can then bet on the exchange and claim any winnings as normal, any losses incurred up to your first £10 will be covered by the welcome bonus as cash, this means your first £10+ of betting at Smarkets is effectively risk free and comes with none of the usual bookies bonus requirements to worry about!

You can sign-up to Smarkets and take advantage of this special welcome market by clicking here!

Smarkets Commissions


One of the most important differences you will face when using a betting exchange over a traditional bookie is the issue of commission, usually a small percentage of your winnings which will be paid back to the betting exchange operator (Smarkets themselves in this case) should your bet be a winner!

Smarkets have a standard commission rate of just 2% which applies equally to all winning bets from across all sports and markets in which they operate. This commission is automatically taken when any winnings are paid meaning there is no need to worry about it any further and any winnings you receive will be all yours!

It is important to understand that losing bets incur no commission charges at Smarkets and that, whilst commission might seem like a negative at first, the enhanced odds available on betting exchanges mean you could still (often) end up winning more on an exchange, even after commission is taken away!

Range of Sports Available at Smarkets


One of the biggest draws of a betting exchange (aside from the much better odds which usually are on offer) is the range of sports, politics, current affairs and special bets markets which are readily available!

Smarkets is no exception in this regard and provides a great selection of markets to bet on, this includes mainstream favourites such as Premier League and European football, grand slam tennis tournaments and golf majors through to worldwide politics events such as the next US president and UK Prime Minister amongst many others.

Even if your sport of choice is less common in the UK, for example, Australian rules football, NBA basketball, NFL American football or NHL ice hockey, Smarkets has you covered featuring a great range of sports markets from all around the world and are, naturally, one of the better choices of exchanges for such international betting.

Football / Soccer


Football is one of the most popular sports to bet on in the UK and a sport which Smarkets has clearly taken very seriously over recent years. All of the UK and European mainstream leagues are covered as well as many of the bigger and smaller international leagues such as the Copa America and the Japanese J league among others.

Looking at any given football event we often see many available markets to bet on including:

  • 1x2

  • Correct Score

  • Both Teams to Score (BTTS)

  • Double Chance

  • Draw no bet

  • Goals Under / Over (0.5 / 1.5 / 2.5 / 3.5 / 4.5 etc.)

  • Asian Handicap (-2.5 / -2 / -1.5 etc.)

  • Half-Time / Full-Time

  • Half-Time Correct Score

  • First-Half Over / Under

  • Second-Half Over / Under

  • Winner & BTTS

  • Clean Sheets

  • Win Both Halves

  • First Goalscorer

  • Plus many more…..


The popularity of football betting on Smarkets also means there is usually lots of activity from other bettors and with this plenty of opportunities to get your bets placed with the best odds and the minimum of fuss (remember, you are essentially betting against other players when using a betting exchange, not Smarkets themselves).

In-play football betting is also very possible when using Smarkets with lots of options available right up to the very end of any given game (and Smarkets don't simply remove the cash-out option to suit themselves, like some bookies might do in certain games). As such anyone taking their in-play football betting seriously should really consider a betting exchange such as Smarkets!

Horse Racing


Alongside football, horse racing is one of the most popular sports to bet on in the UK! Smarkets clearly have worked hard to provide a good horse racing offering and provide easy access to all major horse racing events in the UK and Ireland as well as across the world (including Australia, New Zealand, South Africa and the USA amongst others).

smarkets horse racing

Navigating the available races for any given day is easy thanks to the well designed and well thought out website. Races for the next day (and further ahead for big events) are also usually available and priced up much earlier than they would be at the bookies.

Tennis


Tennis is another popular sport with great coverage at Smarkets. All major and most minor professional tournaments are covered and a good range of markets are available, these include:

  • Match Winner

  • Set Winner

  • Set Betting

  • Games Over / Under

  • Correct Score

  • Winner & Over

  • Odd / Even Games

  • Plus others...


Golf


Golf is again a popular sport which enjoys very good coverage at Smarkets, this includes all of the big golf majors in addition to all tournaments from all of the main tours including the PGA and European tours amongst others.

The range of available markets on golf is also very good, this sees many tournaments offering markets including:

  • Winner

  • 1st round leader

  • Top 5 / 10 / 20

  • 1st Round top 5 / 10 / 20

  • Top American / European / GB player

  • Selected players to make the cut

  • And more...


Motorsports


Good coverage is available across multiple motorsport events at Smarkets, the main and most popular being Formula 1, an event Smarkets has really come to excel in during recent years!

Unfortunately, as an F1 fan of many years myself, I know first hand that a lot of bookies tend to offer very poor odds on Formula one races. Thankfully, Smarkets not only covers a good range of F1 race markets but tends to usually feature market leading odds to boot!

F1 markets commonly available include:

  • Drivers champion

  • Drivers champion (w/o Lewis Hamilton)

  • Constructors champion

  • Constructors champion (w/o Mercedes)

  • No. season wins per selected team

  • No. season wins per selected driver

  • Race winner

  • Qualifying winner

  • Top 3 / 5 / 10 finish

  • Safety car deployed

  • First retirement

  • Plus many more race related markets...


Politics


With so many “Brexit will never happen” moments in politics of late, the growth in political markets has been huge in recent years! Thankfully, Smarkets have cottoned on to this newly found interest in political betting and have quickly developed one of the best political betting offerings on the market today!

smarkets politics

Not only will you find all of the big political bets at Smarkets such as the next US President, but also many smaller political events such as the next cabinet member to resign, the next German chancellor and even if there will be a 2021 general election in Belarus if that is your thing!

eSports


Just like political betting which was mentioned above, eSports have also become a huge betting opportunity in recent years. If eSports is of interest to you then Smarkets should be on your shortlist given the great range of markets available and games covered, these include CS:GO, Call of Duty and League of Legends amongst other big titles.

Liquidity at Smarkets


An important consideration when choosing a betting exchange is the general amount of liquidity on offer at the exchange. This liquidity is basically the amount of money in bets which have been matched between those placing back bets at the exchange and those placing lay bets, a figure which will help exchange users determine how easily a bet can be placed and matched on any given event.

Also important when assessing liquidity at an exchange is the depth of the money available at the current best odds value as well as the spread in the current odds on offer (which is basically how far apart those backing are with those laying on any given event). These values will all differ between different events from those with a lot of liquidity and market depth, such as Premier League football, through to events with potentially very little such as minor tennis tournaments and lower league, non-European, football.

Smarkets markets

Starting with a look at a fairly big football match, England vs Scotland in the Euro 2020 tournament (above), we can see that at the time of taking this screenshot (about 24 hours before the game) there has been £529,624 matched on the 1x2 market. Add on to this that there is also over £1300 of funds available to back England at the top odds of 1.34 and over £6,000 at odds of 1.33,  the next price down. Scotland, being somewhat of an outsider, have only £168 available to back at odds of 12 and just over £1,000 at 11.5. 

NB- Whilst a betting exchange won't enforce a “max bet” limit, we are still somewhat limited by these amounts of money, for example, to get £200 on Scotland above would mean taking some of the money at slightly lower odds (11.5 instead of 12 in this case)!

Comparing these values to exchange leader, Betfair, we can see how Smarkets fares on liquidity for a mainstream football event as well as the availability of money at the top odds:

betfair v smarkets liquidity

Looking at the same England vs Scotland 1x2 market (above), we see that whilst much less money has been matched on Betfair so far (£529k at Smarkets vs £263k at Betfair), Betfair do have much more market depth than Smarkets. For example, in the market above, Betfair have over £13k available for those wanting to back England at odds of 1.34 versus only £1378 at Smarkets!

betdaq liquidity

Moving onto another mainstream exchange, Betdaq, and we see that with only £24,874 in matched bets so far on England vs Scotland that Smarkets is clearly providing much more liquidity to its customers (although market depth is somewhat similar).

matchbook v smarkets liquidity

And finally, when comparing Smarkets to Matchbook (above) we also see that Smarkets seems to be a lot further ahead in the liquidity provided on this same game (over £529k at Smarkets versus just over £58k at Matchbook).

Whilst this total liquidity amount is important, there are other things to consider when assessing liquidity at an exchange including the depth of the money available and the spread in odds values, which is basically how far apart those backing are with those laying on any given event. If we were to look at a less mainstream event, such as the Brazilian Serie B game between CS Alagoano and Londrina we might see a spread such as this one below:

smarkets exchange liquidity

Notice (above) how the back price on all selections, in green, is very different to the lay price in blue! This is an example of a market which isn't receiving much interest from exchange customers, has very little liquidity and with this very little market depth, the act of trying to get, say, £200 on any of these outcomes would potentially see some very low odds needing to be taken due to the low market depth currently available.

 NB Luckily most mainstream football markets at Smarkets do offer very good liquidity and market depth, should you wish to bet on a less popular game (such as the above) it might still be worth checking some of the traditional bookies and how much they will let you bet.

Multiples and ACCAs at Smarkets


One of the biggest advantages of using a traditional bookie is the ease at which multiples and accumulator bets can be placed. Smarkets have made good progress in such offerings in recent years and it is now possible to place multiples across many popular sports whilst using the exchange!

smarkets acca

As can be seen above, when adding multiple events to a betslip in Smarkets, we now get a “multiples” section appear towards the bottom of the betslip! In many ways, from this point onward, this works in the same way as it would when placing a multiple bet at a bookies, but there are a few things to note when placing a multiple or ACCA bet at Smarkets:

1) With Smarkets we can only have 1x selection in our multiple from each selected event, this means if I was to add England to win versus Scotland I could not then add both teams to score (BTTS) to the selection as well (we would get a warning like the below):

samrkets multiples

2) There is also a maximum limit of only 10 selections in a multiple bet at Smarkets

3) Multiples cannot contain selections from ante-post horse racing nor any other long running market (e.g. Premier League season winner)

4) Multiples can be both backed and laid at Smarkets (although if planning to lay a multiple then all selections must be added to the betslip as back bets first, the multiple can then be laid when finalised)

5) Finally, and something of a technicality, but Smarkets make clear they facilitate multiples betting by matching the bet themselves. They also state that multiples might not be an exact accumulation and that the laying of any multiples might be subject to sufficient liquidity on the exchange at time of request

Whilst this is a very good multiples system and very impressive given that it is working from betting exchange odds in the background, we can (and should) compare this to other exchanges to see how Smarkets fares.

Comparing Smarkets Multiples with Other Exchanges


Starting with exchange leader, Betfair, we see that we must make use of the integrated Betfair Sportsbook product to place multiples bets at Betfair (and this, naturally, means we can't then lay such multiples like we can with the Smarkets system).

smarkets v betfair multiple

One area in which Betfair does provide some support for exchange based multiples is in certain markets where they offer pre-made multiples listed on the exchange (for example, above is a collection of 4 pre-made multiples for a specified day of the Euro 2020 tournament). Whilst this clearly has much less flexibility than the Smarkets multiples offering, it does at least let exchanges users have some multiples exposure whilst using the Betfair exchange.

Moving on to another exchange with good multiples betting options, Betdaq, and we can see that (much like Smarkets) we can simply add multiple selections to our betslip and then be able to make use of the multiples betting system.

betdaq multiple

As can be seen above, when placing multiples at Betdaq we also have additional options for placing other multiple bet types such as Trixie and Patent system bets. Betdaq, like Smarkets, also suffers from the limitation of only allowing one selection in our multiple per event and falls behind Smarkets in only allowing back bets to be placed on these multiples.

Finally, moving onto Matchbook, we see a similar multiples offering to Betdaq whereby we can back multiples bets but not lay them as we can with the offering at Smarkets.

matchbook multiple

Similar to Smarkets, when placing multiples at Matchbook, we also are not permitted to add multiple selections from any single event either.

Comparing Smarkets Multiples to Bookies


Having seen that Smarkets appear to have a very strong multiples betting option so far, we can now compare the value on offer to that of a sportsbook offering. Given that Betfair has a very limited multiples offering on their own exchange and like to direct customers to their own sportsbook for such multiples, I think this will make for a good initial comparison.

smarkets multiple

Above is a simple multiple bet placed on England, France and Spain all to win their respective matches in the Euro 2020 tournament, as can be seen at the bottom of the screenshot I have received odds of 2.36 from Smarkets for this bet!

Looking at the same bet with the same selections at Betfair Sportsbook, we see the odds are (somewhat predictably) lower then they were at Smarkets: at only 2.25:

betfair exchange acca

Whilst this isn't a massive difference in odds, it does show that the exchange based offering from Smarkets might possibly be better value, at the very least when combining selections from mainstream events with lots of liquidity available. 

Finally, for some additional comparison, I will compare placing this same multiple at one of the more traditional bookies, in this case Coral!

coral bookmakers acca

As can be seen above, for the same multiple bet consisting of England, France and Spain each to win their respective games, Coral are offering combined odds of 2.28. These are noticeably a little bit higher than Betfair, but like Betfair still a little bit lower than the value on offer from Smarkets.

Unfortunately, one area in which Smarkets doesn't quite match up to many sportsbook offerings such as Betfair Sportsbook and Coral (as above) is that they don't, as of yet, provide a cash out button for their multiples bets! 

Betfair Cash Out

As can be seen above, when using a sportsbook (in this case Betfair Sportsbook) we do get the option to cash out the bet both straight away and also during any live games which make up the multiple!

If wanting to effectively cash out at Smarkets after, say, a couple of winning legs, this could be done by placing a new multiple bet made up of only the remaining legs and then laying this new bet. Whilst technically possible, this method could become complicated to calculate and is not the most appealing method, therefore, if cashing out is important then Smarkets multiples feature might not yet be quite the right choice for you!

In conclusion, with all of these multiples betting options across the main 4 exchanges and some more traditional bookies considered, it is clear that Smarkets have a very strong offering! The ability to lay a custom multiples bet being of considerable value in that Smarkets are the only mainstream betting exchange to provide this functionality in such a form as it currently is.

Whilst not quite a “bet builder” just yet, owing mainly to the limitation of only a single selection per event being allowed, and no options to cash out multiples just yet, this is still a very promising multiples feature on offer from Smarkets and puts the exchange, arguably, in the lead when it comes to placing multiples bets on betting exchanges!

Live Streaming and Match Stats


Unfortunately, as of writing this review, Smarkets don't currently offer any live video feeds of any of the sports or events they cover!

Whilst this doesn't necessarily distract from the great odds or the quality of the service on offer, it does mean that if you usually rely on your bookie for watching the events you bet on (such as horse racing for example) then this exchange might not be ideal for you (Betfair, on the other hand, have extensive live event streaming coverage which might make it a better choice of exchange in such cases).

Having said this, certain sports on Smarkets do feature a very useful live graphics box which sits in the top right of the page and displays, in real-time, the current status and score lines for an event. For example, below is the live graphics box for the France vs Germany game showing some useful live stats including the number of attacks, dangerous attacks, corners, cards, the current scoreline and the current event taking place on the field at any given time (Half-Time in this case below):

smarkets live betting

The Smarkets Website & Smartphone Apps


A well designed and easy to use website and app is essential for any bookie or exchange operator and a key part of delivering a great betting experience to their customers!

Thankfully, this is an area in which Smarkets excels thanks to their well designed, quick and responsive website and apps which feature light or dark colour schemes to suit and are available for both iOS and Android smartphones.

smarkets website

If you have ever used the biggest betting exchange, Betfair, you will see that far from trying to emulate a similar look and feel for themselves (like some other exchanges do), Smarkets have taken the bull by the horns and developed a completely new type of exchange product, one focused around making exchange betting quick and easy to grasp!

Whilst the Smarkets website might look a little bit strange at first, after a few minutes of use it becomes clear this is a well thought-out product which makes finding the event you want quick and easy (thanks to the excellent search box or left side menus). Once arrived at your chosen sport, getting the correct bet on is simple thanks to clear labelling and real-time displays of the money available to bet against on each selection (the “market depth” as you might sometimes hear it referred to as, which is basically the amount of money available from other exchanges users to bet against).

smarkets app

Moving on to the smartphone app and we see a similar colour scheme, layout and feel to the desktop version, this should make the transition to betting across a desktop or laptop computer and a smartphone as seamless as is realistically possible! 

All in all, a great job from Smarkets and a great benefit for those who like to bet at home and then regularly check, adjust or even cash-out bets whilst on the go!

Smarkets Casino and Games


At the time of writing Smarkets don't have any casino games, live casino or slots available on their website or mobile apps!

Whilst this might, initially, seem like a negative for such a service, it does give Smarkets a certain edge in that they and their customers can be more focused on sports betting. If sports betting is your thing and you see casino games and slots as more of a distraction than anything else, then the Smarkets betting exchange service could be an ideal place to move on to!

Managing Your Betting at Smarkets


If you are someone who is keen on tracking your bets and keeping a tab on any profits and losses then the Smarkets reporting tool will be of great value.

smarkets statement

The reporting tool allows you to easily see your betting history and additionally, thanks to the summary boxes, a snapshot of how much you have wagered, how many bets have been placed and what you might have profited (or lost) in any given time period.

Most bookies do offer some way of seeing betting history, Smarkets, however, have gone a step or two further in this regard and built a very advanced and usable reporting screen. If you just want a quick glance at what you have won on any given day then this is great, but it will let you go much further into analysing your betting history should you wish to.

Smarkets Deposit and Withdrawal Options


Deposits


You can deposit into Smarkets in multiple different supported currencies, these currently are:

  • GBP(British Pound)

  • EUR (Euro)

  • SEK (Swedish Krona)

  • NOR (Norwegian Krone)

  • DKK (Danish Krone)


Smarkets currently support the following payment methods for making deposits:

  • Debit card

  • PayPal

  • Trustly

  • Open banking

  • Neteller

  • Skrill


All depositing methods are free to use at Smarkets and most carry a £/€10 minimum deposit amount (with the exception of PayPal at £/€20 minimum and Trustly at £/€40 minimum).

Withdrawals


You can withdraw money from Smarkets via several different methods:

  • Open Banking

  • Debit card

  • Neteller

  • Skrill

  • Bank transfer

  • Trustly

  • PayPal


All withdrawal methods carry a £/€10 minimum amount and are fee-free with the exception of bank transfers which incur a £10 / €12 fee and a £/€20 minimum and Trustly which has a £/€20 minimum withdrawal amount.

Help and Support


Smarkets have a very useful help section on their website featuring numerous articles on using and getting the most from exchange betting. If you need further support from the help team then contact can be made via several methods:

  • Phone (+44 207 617 7413) Hours: 09:00 - 00:00

  • Email (support@smarkets.com) 

  • Twitter (@SmarketsTech)

  • Live Chat (for logged in customers only) Hours: 24Hrs

  • Post (address on Smarkets help section)



Smarkets

£10 Bonus

VISIT SITE!

Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after three months of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.

Smarkets PROS

  • Generous Welcome Offer
  • Good Market Liquidity
  • Extensive coverage of events & markets

Smarkets CONS

  • No Live Streaming
  • No Casino
Smarkets Facts

About Smarkets

websitesmarkets.com
founded2008
online since2008

Deposits

Debit Card Min £10
Skrill Min £10
Neteller Min £10
PayPal Min £10
Trustly Min £10
Bank Transfer Min £10

Withdrawals

Debit Card 1-6 Days
Skrill 1-2 Days
Neteller 1-2 Days
PayPal 1-2 Days
Trustly 1-2 Days
Bank Transfer 1-6 Days

Features

Back & Lay Bets
Back & Lay Multiples
Cash Out

Contact

Twitter
Facebook
Live Chat Available

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Scotland Euro2020 Fixtures & Odds To Qualify
Scotland Euro2020 Fixtures & Odds To Qualify

At last, the long-delayed Euro2020 tournament is about to start, with the opening fixture of Italy v Turkey taking place in Rome tomorrow evening. Of the 24 participating nations, Scotland is a relative minnow but few would doubt the enormous heart of this small nation at the western edge of Europe. The team qualified after […]

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