Smarkets Review And Promo Codes
Smarkets is a betting exchange and was founded in 2008 by Americans Jason Trost and Hunter Morris. The company has offices in central London, Los Angeles and Malta.
It comes at sports betting slightly differently in that it began as a small group of investors and developers who looked to apply financial trading principles to the betting environment.
It is a fast growing international tech company but underneath all this glitz it is still operating as a more conventional betting exhange.
Like all exchanges, Smarkets offers the opportunity for punters to both back (bet that an outcome will occur) and lay (bets that the outcome will not occur.)
Smarkets claims to operate a world-leading betting exchange that provides a secure and transparent platform for peer-to-peer trading on sport, politics and other events.
Their state-of-the-art platform has handled over £5billion worth of trades since launching in 2010 and is capable of processing thousands of trades per second.
Smarkets became the Global Betting Partner of Queens Park Rangers football club in August 2015 with the company upgrading its sponsorship to become the team’s shirt sponsors in June 2016.
Pros & Cons of Smarkets
- Missing streaming and audio services
- Criticism made about app performance
- Uninspiring offers
Signing Up/User Interface
The smarkets home page is a simple two-column offering with an immediate ‘Refer a friend’ promotion affording members to introduce a new account to obtain an extra £10 bonus.
The current top markets are then displayed in the main part of the screen.
Five events are displayed with the user able to scroll down for a selection horse racing and football markets.
A drop-down menu is available adjacent to the Smarkets logo and motions the user to a selection of sports such as football, cricket, darts and rugby as well as politics and current affairs.
The right hand side column clearly and boldly displays the customers balance and active bets with a selection of popular events.
The interface could well be described, in some quarters, as boring but it is a solid and easy to navigate page and a welcome relief from a number of cluttered sites.
Smarkets offers betting on all the sports you would expect to see with most major bookmakers and clearly football is to the fore with their current top markets featuring Premier League betting at the time of review.
They have recently added Asian handicap betting as well as ‘First goalscorer’ markets.
The company has a strong reputation for political betting with markets available on UK and World politics such as ‘Trump exit date’, ‘Trump to serve full-time’ and ‘Articles of impeachment against Trump’ markets.
‘Senate majority’ and ‘House of Representatives Majority’ exchanges are also available.
UK politics markets have been known to include ‘UK to leave the EU by March 29 2019’ as well as ‘Jeremy Corbyn exit date’ and ‘Theresa May exit dates’.
The diversity of markets available on Smarkets is second to none in the online gambling locations.
The welcome bonus of just £10 is clearly not the biggest available in the gambling online markets. A deposit, which is has to be made by card or bank transfer, of £20 triggers the £10 bonus.
The ‘Refer a friend’ promotion affords members the chance to refer a friend to obtain an extra £10 bonus.
The company do not endorse or embrace any kind of promotional material such as free bets or money back specials.
Smarkets offered a special rate of 0% commission on all Queens Park Rangers football matches as they are the official betting partner of the club in the 2016-17 season.
Their main marketing angle is their flat rate commission of 2%.
Live Streaming And Content
Live streaming is not available on Smarkets which is a let-down, as is the lack of live and informative radio shows or audio commentary services which enhance the betting experience.
Meanwhile expert analysis is always an advantage with an exchange as angles for back and lay strategies can be explored – as with betting.betfair- and sadly there is no competitive editorial read on offer.
In-Play markets on Smarkets are standardised but clear and concise. Clicking any ‘In-Play’ offers the user the chance to play the odds on a variety of sports and events.
The up-to-date odds are constantly changing and is a particularly impressive facility.
The ‘Trade-Out’ option allows members to cash out a bet, on pre-match and in-plat events, meaning they can effectively ‘lock-in’ a profit or cut their potential losses.
Stats And Form
Unfortunately, whilst the company states they are ‘Taking the role of the industry challenger, Smarkets is set to outperform the competition by offering consumers access to its agile trading platform at unparalleled value’’ they do not provide stats on any level preferring to deliver a myriad of up-to-the-minute markets.
This is a very strong point for Smarkets with the help menu offering buttons for ‘Betting on Smarkets’ and ‘Betting Education’ while the company offer plenty of advice through their contact page with email and Twitter addresses as well as a 24-hours, 7-days-a-week live chat for logged in users of Smarkets.com
The page also offers advice on minimum and maximum withdrawals, documents required for verifying your account as well as Smarkets terms and conditions.
The usual methods of deposit are available including Skrill, Neteller, Bank Transfer, Visa Credit Card, Visa Debit Card, Mastercard and Solo/Maestro options with transactions available for withdrawal available via similar formats in an easy and safe environment.
The simplicity and easy to navigate process of Smarkets is appealing even to those who are new to the peer-to-peer angle of betting.
Although liquidity has been an issue for Smarkets in the past, it has been reported that as they continue to grow and challenge Betfair, their liquidity figures are gaining all the time.
Smarkets sign up bonus offers new customers a £10 welcome bonus when they register and deposit £20
The peer to peer betting exchange is a highly rated and popular trading platform
Trade out feature gives customers the option to cash out on exchange bets
Their user friendly website is innovative and up to date website that is fast and easy to navigate
Smarkets has the reputation of being one of if not the best provider of political and current affairs markets
How to Sign Up to Smarkets
Opening a Smarkets account couldn’t be an easier process.
First of all, click the white ‘Create Account’ button on the top Right-hand corner and you will then be brought to a new page that has the sign-up details. You will enter your email, password, your password again to confirm, your date of birth and your currency of choice and if you have a referral code you can enter it.
When all those details have been inputted you will then click to confirm that you are over 18 and you agree to the terms.
Then you will be asked to enter your personal details such as your first name, last name, phone number, country of residence and address or postcode.
Then you will have the opportunity to make a deposit and start to play.
How to Use Smarkets Bonus Offers
The Smarkets joining welcome bonus code means that when you sign up and deposit £20 you receive a £10 free bet
- Simply enter your personal details when signing up and get your free bet of £10
- Customers who use Skrill or Neteller will not be eligible for the £10 bonus
- To withdraw rebated funds, customers must bet at least the qualifying deposit on any combination of markets
- Free bets are valid for 3 months, if free bets are not used in this time frame they will be removed.
- Your initial bet can be placed on any sport or any market