Smarkets Betting Exchange Review

Smarkets is a young betting exchange founded in 2010 by two British mathematicians. Smarkets operates under licenses from Malta and Great Britain. The Smarkets planned to seriously compete with Betfair due to the low commission (2% instead of 5%). Today Smarkets accepts players from 12 countries of the world (Great Britain, Scandinavian countries, Brazil and Chile). The site is translated into 2 languages: English and Portuguese.

Smarkets is not exactly a bookmaker’s office, or to be more precise, it is not a bookmaker’s office at all. However, players can place bets there. So what is this if not an office, you ask? The answer is simple: Smarkets is a betting exchange.

Before moving on to a detailed review of Smarkets, let’s talk about the principles of the betting exchange. Here’s what you need to know about these types of betting entities:

• On the betting exchange, the odds are set by the players themselves;
• On the betting exchanges, bettors do not play against the office (exchange), but each other;
• There are no restrictions on the size of the bet on the betting exchanges;
• There is no margin on the betting exchanges – there is only a commission for winning.

What does this all mean? Better to explain with an example. In a conditional match between Rafael Nadal and Novak Jovokic, BC set odds of 1.90-1.90. That is, the chances of both players winning are 50%. You are confused by the large margin of the bookmaker (5%) because, ideally, the quotes should have looked like 2.0-2.0. Instead of playing by bookmaker’s odds, you decide to look at the betting exchange. You think that Djokovic will win while betting for his victory $ 100 at a coefficient of 2.1. Your bet could have been accepted immediately if there were people who bet AGAINST Djokovic’s victory at the odds of 2.1. Betting against Djokovic for $ 2.1,100 is the same as betting FOR Nadal at $ 1.91,100. Calculating the odds against: 1+ (1 / (2.1-1) = 1 + (1 / 1.1) = 1.91. Get extra odds for your deposit and bonus options when choosing payment methods and a free bet. Your first deposit should be the minimum deposit if you want to bet and get a bonus for the deposit.

Home page

When playing on the stock exchange, the bet will be accepted immediately if the selected quote is traded. Usually, these cells are called Back (or For) or Lay (Against). If you bet Back at a non-tradable coefficient, then your money will temporarily move to Lay until it is matched. That is until there is a person who “bought” your quote, it will temporarily be in the Lay cell. Nobody will buy crazy odds from you, but on the exchange, you can conclude a deal at a more favorable “price” than in a bookmaker’s office.

Smarkets is a fairly young gambling project that was created by Americans Jason Trost and Hunter Morris in 2008. By this time, the Betfair exchange, which had become a real pioneer among betting entities of its type, had been operating on the market for almost 10 years. Smarkets hoped to compete with the super successful British exchange, but the company did not even manage to come close to Betfair in terms of popularity and liquidity. You have to pay 2 commission 20 or currency equivalent deposit to be eligible in real time.

Although the representatives of the exchange still believe that its finest hour will come. They call Smarkets the most advanced betting platform in the world. The company has even received awards. Wall Street magazine named the exchange one of the ten most promising startups in Europe, and in 2012 the company was named “Breakthrough of the Year” in the UK.

It is reported that the former owner of Last FM Stefan Glanzer, as well as the large companies Passion Capital and Deutsche Telekom, are among the investors of Smarkets. In April 2015, Smarkets representatives announced that more than a billion pounds of transactions were concluded on the exchange. And after a year and a half, the mark of 3 billion was exceeded. Smarkets is the main sponsor of the Queen’s Park Rangers Football Club. Use your debit card for 5 Smarkets and online betting – you may do live betting, lay betting from the single amount, get a deposit bonus and a sign up offer – funds will be forfeited from support smarkets.com. Must deposit is a mandatory amount with your first live streaming rebated funds. Online betting on the Smarkets website is cs apply for 2 commission. All betting odds require accepting terms and conditions and accepting United Kingdom payment methods with the UK gambling commission.

Sports betting and play betting have their current affairs for a welcome bonus. In live chat betting exchange Smarkets offers have a variety of sports: horse racing, live streaming, play betting, live chat, peer betting, love betting for a single amount. Malta gaming authority is confirmed.

By default, the Smarkets BC website is made in black and dark gray colors, but in your account (More tab) you can change the design to light. Traditionally, there is a list of sports on the left.

To manage your account, use the More tab at the top of the page. The Statement section provides a history of rates and transactions. Back bets are marked in green, lay bets are blue. The maximum amount that is available at this ratio is indicated next to it.

Live section

Here are a few more than 10 varieties of sports disciplines. Traditionally most of them are very popular in England like horse racing. Tennis, basketball, hockey is also in demand here. This is especially noticeable during the top matches, which gather a large audience.

Now Smarkets does not stop exclusively at sports events. From time to time here you can predict the results of high-profile news from the field of culture and politics. They will likely be of interest exclusively to British residents. Despite all the efforts of the exchange to activate players, this happens quite rarely. The main reason for this is the holding of really major international events.

First of all, these are football bets. In Smarkets, the list of events from this discipline looks very good, especially when compared with other exchanges. Moreover, as far as English football is concerned, even specialized bookmakers can often envy the variety of deposit options and bonus odds for forecasting to bet. Choose the minimum deposit and get a free bet for the first deposit play.

Moreover, the exchange often finds players who are ready to make uncommon bets. You won’t surprise anyone with totals, odds, and the outcome of the meeting. In Smarkets, you can periodically find bets on the exact score of the meeting, the result in each of the halves, and statistical indicators. All these are additional opportunities for winning and receiving a stable income in the long term.

The rest of the players, for whom sports is primarily a means of earning money, are unlikely to find much interesting free bet for themselves on Smarkets. One of the main complaints about the office is the instability of offers. This is especially noticeable when, after central confrontations, a period of ordinary meetings begins, making bets on which is sometimes extremely difficult. True, in tennis, hockey, rugby, and several other disciplines, you can periodically find exactly what you need.

Football betting

Of course, you will not find a stable painting over a long distance at Smarkets review, but from time to time you can count on winning. The betting exchange did not stand aside from the forecasts for meetings that are held in live mode. They are in great demand among bookmaker players, but here the situation looks somewhat more complicated. However, Smarkets has an obvious advantage – this is the fact that all events that were previously available for making a bet, after the start of the meeting, go live. Bet quotes and bonus odds here change depending on the development of events in the arena. Usually, confrontations look quite dynamic, which is reflected in the final odds.

As for the Smarkets sports betting website, it is well developed and includes only everything you need. Here, the client is practically not distracted by anything from making bets. The events that are happening right now are presented directly on the main page. The rest are in special sections, the link to which is on the left.

Also on the site, you can find information about the bonus odds, and how to bet and about the history of the company, and the rules for accepting bets, which will help to avoid troubles in the future. Thanks to the convenient work with the resource, you can immediately proceed to the selection of current events. This section should be familiar to those who expect to place bets with Smarkets for many months and see a reliable partner in the exchange.

The odds and bonus exchange traditionally launches over 100 events per day for LIVE trading. Players trade quite actively in popular markets. The platform itself works fine, although there are no match centers like on the Betfair website. There is a slight standard delay when betting.

So we come to the main advantage of playing with the presented office. The margin indicator here is very small – only 2%. For example, for foreign bookmakers, even 5% is a good result. It turns out that here clients give practically nothing to the office, taking all the funds for themselves. At the same time, Smarkets traditionally meet the needs of users and try to provide them with comfortable playing conditions, regardless of the number of bonus bets and odds on this or that confrontation.

Thanks to this bonus approach, the company is naturally one of the market leaders among exchanges. Its advantages include not only the very fact of the presence of high quotes, which simply will not be offered to the player in the bookmaker’s office but also the absence of serious “distortions” in one direction. Otherwise, the indicators change markedly. This usually happens against the background of the release of news from the camp of one of the rivals, which is why it is extremely important to keep abreast of all the latest events.

The fact that it is convenient to work with the resource from any device is even unnecessary to say. Now, this is not an advantage, but a market demand. The mobile version of the site is fully optimized for stable bet operation even in conditions of a large influx of customers. A special application has also been developed, the functionality of which is not inferior to the full version of the Internet portal.

Now it will move on to the more obvious advantages of Smarkets, which made it possible to stand out from the background of other betting exchanges. Among them:

Brand bet

The company has been on the betting market for 10 years for those who like to bet, during which time it has practically no negative reviews. By giving his money to Smarkets, the player does not risk anything, because this is not a small office that is constantly under the threat of ruin. The company is already a fairly large and well-established bet organization that guarantees timely payments and is responsible for the solvency of both parties. The commission rate is also good.

The minimum commission for odds

It is only 2% for odds, which is noticeably less than that of the same “Betfair”. The players here actually have nothing to lose, but they have an excellent opportunity to find the same interesting bet fans as themselves. Such a low rate of commission for free bets on the Smarkets account is another proof of the betting exchange’s loyalty. Here the player does not waste odds and time, it costs him only a small amount. Play betting with current affairs according to the malta gaming authority of the betting site allow you to get free bets for live streaming, horse racing ar qualifying deposit from a mobile app. You also get a bonus for must deposit odds and a deposit bonus for live betting on your bonus amount in equivalent in a single easy to use sports markets. The welcome bonus may be used for your first deposit or the Smarkets account. The market simply doesn’t have a lower commission bet rate than Smarkets. This immediately helped the company to stand out from the background of other bet offices. Despite the fears of players that this figure will increase in the future, it has remained stable and does not depend on external factors.

A wide variety of bets on football matches

This discipline is very popular here, especially when it comes to really important meetings, such as Champions League matches or TOP-5 European championships. Moreover, sometimes it is possible to make a forecast not only for the winner of the meeting but also for totals, handicaps, individual player successes (whether he will score a goal). This must be discussed separately when making a bet. Such a variety is not always found, but if we manage to find another interested player, then we can agree on the coefficients acceptable for both parties.

No premium fees or restrictions at Smarkets account

Here bets can be placed on any amount, which opens up very broad prospects for ordinary sports fans. Often bookmakers introduce “ceilings” of payments, which simply do not allow winning a large amount. At Smarkets, professionals don’t pay attention to this. The main thing for them is to connect players who are interested in the same event. You may get a free bet and a welcome bonus for your first deposit with the current affairs ar Smarkets account. Payment methods may be chosen for horse racing at the mobile app.

Deposit odds and bonus odds may offer you a variety of free bets.

Convenient interface

Often, every second can play a decisive role in the search for confrontations of interest. In such conditions, it is important to quickly find interesting and rational proposals. The usability of Smarkets is excellent. Thanks to this, players do not waste time and can quickly move from one section to another. Moreover, this is available both using a computer and using a smartphone. Saving time and the ability to quickly track all relevant events is a major advantage that plays a decisive role for professionals.

Betting odds calculator

Prompt calculation of all rates

This became possible thanks to the presence of experienced specialists on the staff, who quickly assess the teams’ chances and make the final verdict.

Dedicated customer service of Smarkets review

There are specialists with a narrow profile at Smarkets customer service who are ready to help with solving even the most difficult problems. The consultants answer as soon as possible and always provide comprehensive information. The only drawback for players from Russia will be the fact that all information is available only in English.

However, this is far from the only disadvantage of Smarkets, which is why the company cannot reach the global level and remains interesting only for narrow-profile players.

The main problem of the presented betting exchange is a small list of events. Because of this, it is not possible to achieve market liquidity. Such difficulties are most often associated with the fact that the office simply does not have enough players, especially when it comes to an unpopular discipline or an event from the world of football that does not cause public resonance.

The lack of variety in other competitions is the main problem of Smarkets, which is why the company has not become a noticeable player in the betting market. Also, on the presented resource, difficulties may periodically arise with the deposit and withdrawal of funds. Even though the number of methods is regularly increasing and supplemented with new topical names, this does not always satisfy demanding players.

Among the options that are used on Smarkets are Visa / Mastercard, Skrill, PayPal, Bank Transfer, Neteller. This may not be enough for demanding customers, especially in a limited-time environment.

Smarkets is a fairly young gambling project that was created by Americans Jason Trost and Hunter Morris in 2008. By this time, the Betfair exchange, which had become a real pioneer among betting entities of its type, had been operating on the market for almost 10 years. Smarkets hoped to compete with the super successful British exchange, but the company did not even manage to come close to Betfair in terms of popularity and liquidity.

Although the representatives of the exchange still believe that its finest hour will come. They call Smarkets the most advanced betting platform in the world. The company has even received awards. Wall Street magazine named the exchange one of the ten most promising startups in Europe, and in 2012 the company was named “Breakthrough of the Year” in the UK.

It is reported that the former owner of Last FM Stefan Glanzer, as well as the large companies Passion Capital and Deutsche Telekom, are among the investors of Smarkets. In April 2015, Smarkets representatives announced that more than a billion pounds of transactions were concluded on the exchange. And after a year and a half, the mark of 3 billion was exceeded. Smarkets is the main sponsor of the Queen’s Park Rangers Football Club. You may contact Smarkets customer service if you have any questions about how to get free bets, how to pay the UK gambling commission, how to play betting, place the first deposit, get the welcome bonus, accept current affairs and malta gaming authority, register a new Smarkets account, and open the betting site, where to find Smarkets betting exchange Smarkets, get the docks London e1w 1az matched betting and others. You also have to accept the United Kingdom responsible gambling Smarkets offers for sports markets and 1 commodity quay st at the mobile app which is easy to use, back, and lay.

Within the promotional period, you may place a bet on betting sites via your email address – betting sites are easy to navigate and accept any bet according to terms and conditions. You will have to pay 2 commission 20 or currency equivalent deposit to be eligible amount with your first equivalent in a single bet. Your bonus amount will raise with a sign up bonus in real time.

Help centre

The Smarkets exchange portal operates at smarkets.com. Naturally, the exchange only functions on the Internet. The entity uses the Malta license for this.

After the first hit on the Smarkets website, it seems that you have the wrong address. You will be greeted by an almost empty main page, which is framed in dark green. But if you scroll a little lower, you can see a football field with the words Bet prematch and In-play, a banner with information about the bonus, and a list of categories (on the right) in a small window. Clicking on the “soccer field” will send you directly to the section of the betting exchange itself. It is designed in almost the same way as the websites of bookmakers: categories on the left, popular matches in the center, coupon on the right. For the Backfield in Smarkets, green is used, and for Lay (against), blue.

Smarkets portal

Outwardly, the Smarkets portal looks much nicer and more modern than the Betfair website. However, in terms of functionality, it seriously loses to its main competitor. The Smarkets portal only has a search field. Broadcasts, match centers, infographics, and diagrams are out of the question. Moreover, the site doesn’t even have a mobile version. The site is made in dark colors. The left column contains the available sports that you can bet on. The choice is quite modest, about 15 positions.

Popular sports include football, hockey, basketball, volleyball. There is a betting window in the central part. The most popular events are listed in the right column. “For” rates are indicated in green, “against” – in blue. The maximum amount available by the odds is shown alongside.

Registration

You can become a new customer of Smarkets within a few minutes. The registration procedure is simplified here. You just need to enter your email address, choose a password, set the currency, and enter your date of birth. The rest of the data must be entered after activating the account. Note that the largest markets in the CIS are on the blacklist of Smarkets (Belarus, Ukraine, Kazakhstan). When you place the first deposit at a sports betting site using a payment account number with skrill Neteller PayPal you may get a welcome bonus for live chat.

Registration

The line of the Smarkets exchange cannot compete with what the Betfair exchange offers its customers. Nevertheless, there are shifts in the right direction. At Smarkets, a player can bet on events in more than 15 times of different categories. It is worth noting a decent selection of events in non-sports categories: politics, entertainment, TV.

Yes, Smarkets formally covers about 100 national championships, including almost all European leagues, a large number of Asian countries. But the problem is that the liquidity of the matches of the Singapore championship is almost zero. There are many markets for key events – there are even scorers. But again, only in the category of outcomes, the total and handicap markets usually have normal trading. Using Smarkets you may place your debit card details for betting odds and lay bet. Cs apply may accept qualifying deposit for rebated funds and peer betting.

Tennis

Tennis matches with the participation of more or less famous players are also traded well at Smarkets. In basketball, everything is almost empty, even when it comes to meetings in the NBA. In hockey, the situation is no better. Normal trades also take place at horse races, cricket, and sometimes snooker. And so, the BC is full of zero or almost zero events. In terms of liquidity, Smarkets is significantly inferior to Betfair, although in this regard the exchange has significantly improved.

The main advantage of Smarkets over Betfair is the low commission – only 2%. This attracts many traders and players. Another advantage is the minimum bet amount (£ 0.05). You can bet at Betfair starting at $ 4.

Smarket works with Visa, Mastercard, Maestro, Eurocard, Solo, Skrill, Neteller payment systems, and bank transfers. The minimum transaction size is limited to 10 euros. The player can withdraw the earned funds in the indicated ways, starting from 10 euros. No commission is charged. An exception is the withdrawal of money by bank transfer. A € 12 fee will be charged for such a transaction. You can choose 8 options as the account currency in Smarkets, including the dollar, euro, pound sterling.

The exchange works with many popular payment methods: Visa, Mastercard, Maestro, Skrill, Neteller, Solo payment systems. You can also use a bank transfer. The minimum deposit amount at Smarkets is € 10. Withdrawals take from one day (Smarkets) to one and a half weeks (bank transfer).

Smarkets exchange offers new customers a win-win offer in the truest sense of the word. Players get € 10 back if their first bet. Smarkets is not only authorized by the Malta Gaming and Lottery Commission. She also holds UK and Irish licenses. Players can contact Smarkets support via online chat, by phone at +442076177413, or by email (support@smarkets.com).

1. The office provides new players with a bonus of 10 euros. For this, the bettor must replenish his game deposit for 20 euros or more. The bonus is cleared in a one-time amount.
2. There is a free 10 EUR bet on the races.
3. Cashback is available in the races in the amount of 50%, but not more than 10 euros.
4. A free bet of 10 euros is credited to the player for each client attracted by him who deposited 20 euros or more.

After the departure of Smarkets from the largest markets in the CIS, the number of reviews about the exchange’s activities on the Russian Internet has significantly decreased. Someone is still trying to get to the site of the exchange through VPN or intermediaries, while someone calmly found an alternative. But even when Smarkets worked in the CIS to its fullest (until 2015), the players constantly faced difficulties in verification. This situation has not changed for many years. The exchange simply requests more and more new documents every time. Sometimes the exchange zeroes out the markets, citing errors in the system. It seems that the entire turnover of money on the stock exchange should come from the players. But Smarkets uses a bot to simulate activity in the markets. Players also complain about low liquidity. The SBR service rated the exchange 6.5 out of 10, the Bookmakers Rating put Smarkets in the top three, and the exchange ranks fourth in the top100bookmakers user rating.

The main advantages of Smarkets: commission is only 2%, pleasant site design. Disadvantages of the exchange: low liquidity, problems with verification. Smarkets is one of the few active betting exchanges trying to compete with Betfair. So far, it is seriously lagging behind the famous company, although this gap is gradually narrowing. But some of the exchange’s decisions, like leaving the CIS market, do not fit in with the desire to compete with Betfair.