Smarkets For Matched Betting?
In this Smarkets review you will discover why a betting exchange is quite different from a bookmaker in a variety of ways. Sports and gambling enthusiasts bet against each other on a betting exchange and not against the bookmaker. While there are many betting exchanges in the market, Smarkets has always remained one of the top choices among punters.
What sets Smarkets apart from other popular betting exchanges is their low commission rate on winning wagers. It allows players to lay bets against one another in a variety of sports markets as well as others such as entertainment, current affairs and politics. One can place bets on cricket, golf, football, rugby, basketball, handball, volleyball and others.
In this smarkets review, we take a closer look at this betting exchange site’s offerings, features, bonuses, security, customer service and payment methods along with its pros and cons to help readers understand why Smarkets is considered to be one of the best betting exchanges on the internet.
Smarkets was established in London in 2008 by a team focused on providing an innovative gambling platform. This UK-based betting exchange allows users to wager against one another in a wide range of sports as well as other markets including television, politics and current events. As a peer-to-peer betting exchange, the focus is clearly on sports and other markets.
User interface at Smarkets is quite minimalist and comprehensive. Once you have learnt how betting exchanges work, it is pretty simple to use this platform. Sidebars and headers make it easy transitioning between various markets while the search functionality enhances the experience.
You can access the platform from different devices including mobile and tablets. The mobile version of the website lets you access a variety of services available on the desktop version.
There is also a dedicated Smarkets app available for Android and iOS devices that offer players an excellent trading platform on the go. This app can be downloaded for free to get an easy way to control all your trades on the move.
Though a majority of players at Smarkets use it for sports-betting, they have the opportunity to bet on other areas like current affairs, entertainment and politics.
A majority of transactions performed on this betting exchange are about sports, the largest market being football. However, Smarkets also allows players to trade on tennis, cricket, basketball, handball, golf, horse racing, MMA, rugby, motor sports, snooker, ice hockey and boxing.
Players need not trade on just the outcomes of events but there are many sub markets available to bet on. For example, users interested in football can trade on half time/full time, correct score, draw no bet, number of goals and more. There are lots of events in each sport at any time to wager on, from smaller matches to big international championships.
Users at Smarkets can bet on other topics covering current affairs. This includes betting on the outcome of trials, rise or fall of share prices for specific companies and more. This betting site also offers markets about television like reality shows allowing users to trade on the outcomes of the programs.
Politics is another popular market here allowing users to trade on outcomes like the next party leader, next president, events like Brexit and international political markets involving Trump. Political betting has recently become popular and people look to earn from their opinions and predictions where Smarkets offers the perfect platform.
There are seven payment options available at Smarkets to make withdrawals and deposits. These include Skrill, Neteller, Visa, Bank Transfer and more. The minimum amount for withdrawals and deposits is £10 for most methods though you need to withdraw a minimum of £20 with bank transfer and deposit £20 with Neteller.
All the withdrawals are processed in 1-6 days except Skrill and Neteller which take 1-2 days. Smarkets is quite transparent regarding payment terms and does not charge any transaction fees for payment methods.
Isn’t customer support one of the most important thing? We can’t miss this part in our smarkets review.
Smarkets excels when it comes to serving their customers by offering a responsive customer support team always accessible through 24/7 live chat functionality. Players can reach the support for any questions or concerns via email, phone or Twitter.
The easiest way to contact them is live chat as they can resolve any issues within minutes. Smarkets also has an active social media presence on Twitter and Facebook where users can post and read to stay updated on what’s going on.
Holding licenses from the Malta Gaming Authority and UK Gambling Commission, Smarkets ensures that it meets the highest requirements of customer security. It uses the latest encryption technologies to keep all the transactions secure. It also guarantees the protection of personal and financial information provided by users.
Smarkets Review For Matched Betting – What You Should Know?
Smarkets is one of the most innovative betting providers and is preferred as a safe, easy to use, straightforward betting exchange offering good liquidity, low commission rate and favourable betting odds. As a peer-to-peer betting exchange, it makes a great alternative to other traditional sportsbooks.
By combining the latest financial technology, the sportsbook offers better odds and higher margins at competitive prices. Matched betting is all about keeping the losses low to the minimum and maximizing the profit from free bets.
The use of modern technology allows this bookie to offer better liquidity as compared to other exchanges. Majority of lay bets are available for low prices which means when combined with a low commission rate, you save a lot of money by placing the bets on Smarkets and earn higher profits.
When it comes to providing excellent service to matched bettors, Smarkets is really serious. This is why they add new markets to football betting exchanges so that bettors can find more options.
Other markets they have added include Asian Handicap market, First Goalscorer and BTTS+ Match Result. They keep adding new markets to become one of the most preferred alternatives to other exchanges.
Smarkets also uses smart technology to avoid any stress while playing lay bets. Smart lay betting technology saves you from having to calculate the lay bet stake again as the odds change on the exchange.
On this platform, the stake is automatically changed according to any changes in price once you place your bet. This is done using the Best Price Execution feature. This system only increases your margins and never your loss as the bet quantity does not change.
Smarkets has also introduced an improved version of cash out called ‘Trade Out’. While cash out allows cashing out the exchange bets at any point, trade out lets you cash out a single bet within the market. This helps any mistake in the matched betting. If you have placed a wrong lay bet amount or lay bet, you can use the trade out option and start over again.
Smarkets is dedicated to offering responsible gaming to its users and hence sets deposit and loss limits for its user accounts. Once you set a limit, you cannot increase it before a week. However, reducing the limits is possible instantly.
Users are also allowed to place time-outs on their accounts from one day to one month. Accounts cannot be accessed in this period. Another interesting thing about Smarkets is real time odds on offer.
It offers real-time, instantaneous odds and betting does not close when the events start. You can place your bet until the event ends. Smarkets is a tool that allows betting your opinion on the results of political events.
This betting exchange is a great place to showcase your opinions and predictions for upcoming elections. Betting on the results of upcoming political events is more popular today than in the past and Smarkets has a support for it.
Odds at Smarkets are quite competitive. Regardless of the event or match, the user can make the call and set the odds to work in their favour. The website is quite intuitive and it can be easy to get started.
Smarkets offers two amounts for any outcome, blue and green. Odds are set out clearly and you can also view the predictions. The website lets you understand the meaning of odds and figures by hovering over the odds, stakes and amount. A box appears with details on what you can do with it.
Smarkets Allowed Countries – Is It Banned In Your Country?
Smarkets is licensed and regulated by the UK Gambling Commission, the Malta Gaming Authority and the Revenue Commissioners National Excise License Office. It has acquired licenses to cover players in the geographical location where they operate the business.
All the punters are covered regardless of their location. Most countries around the world are allowed. Players from different corners of the world can register and start betting on this platform.
However, their licensing with the UKGC and MGA restricts countries like Hong Kong, South Africa, China, France, Australia, Belgium, Turkey, Italy, United States, Ukraine, Belarus, Switzerland, Denmark, Czech Republic, Portugal, Kazakhstan and Russia.
While Smarkets is banned in these countries, it welcomes players from other countries of the world and offers various promotions and bonuses to help them get started.
Smarkets Promo Code
While betting exchanges usually don’t offer huge welcome offers and promotions like bookmakers, Smarkets welcomes its players with a simple sign up bonus. To receive this betting promotion, new users should deposit an initial amount of £20 after registration.
The welcome bonus of £10 automatically comes as a free bet one can use on any market.
Smarkets gives a 50% match bonus on the first deposit. Again, when the player loses on the first trade, he gets a reimbursement on the loss up to £10 in the form of a cashback bonus.
This bonus on losses is given on the first five wagers on Premier League matches. Smarkets offers a transparent bonus in the market as it is not subject to any wagering requirements.
However, payments made through deposit methods like PayPal, Skrill, Neteller and prepaid card are not eligible for this promotion.
Moreover, the bonus amount expires in three months so players should make sure they use the amount in this time period. As the bonus gets credited in the account, one can use it for placing bets on any market without any restriction on what it can be traded on.
Though this £10 sounds small, it is one of the best value bonuses as it can be easily cashed and is not weighed down by terms and conditions.
Apart from this, you can use the latest promo codes to benefit from timely promotions introduced by Smarkets. Though you may not find exciting promotions like cashback and free bets on Smarkets, it stands out for its industry-low flat commission rate of just 2% and the best betting odds.
Smarkets offers a low rate of commission as compared to other exchanges in the industry. It charges only 2 percent commission on the users’ net winnings on any market. This low rate of commission makes the site so appealing to customers willing to bet on exchanges.
It can prove to be beneficial to players in the long run. When you start betting on this exchange and become a pro, the annual rollover increases to tens of thousands of pounds. This is when this low commission rate saves you some serious money.
The flat rate of commission makes Smarkets a preferred choice for many punters. Their commission rate is the lowest in the industry; less than half of what other exchanges charge. 2 percent commission means your extra profits earned by betting are not eaten up by the betting exchange.
Moreover, Smarkets is committed to providing transparency to the players. They charge no hidde costs, offering you a reliable platform to enjoy betting on your favorite markets.
Though Smarkets is not the first betting exchange in the industry, it is certainly one of the best platforms with some of the most exciting and innovative features. With the use of the latest technology, it offers a fun and competitive way to bet on a variety of areas that interest users.
At Smarkets, you are the master of your own odds. The website is easy to use and user-friendly and charges only 2 percent commission on wins, offering the lowest rates in the market. It covers all the major sports as well as other markets and interesting categories to wager on. It is, overall, a betting exchange that any punter would prefer to join.
If you found out this smarkets review helpful, make sure to read other reviews or discover some new sports betting tips