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Betting.net / Smarkets Review

SMarkets Review & Ratings 2024: Is SMarkets Legit?

We compare SMarkets against the best Betting Exchanges!

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Sports
Smarkets Sports
Favicon
Rating follows
  • A flat 2% flat-rate commission on all winning bets
  • Offers a novel approach to gambling
  • Trade on world politics and more
Smarkets Sports Bonus
-
T&Cs apply, 21+
Details
User Reviews 8

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 exchange.

Read More
Payment Methods
Bank Transfer
Skrill
Neteller
+
License
MGA - Malta Gaming Authority
Withdrawal
1 – 5 Days
Company
Smarkets (Malta) Limited
Founded
2008
Website
smarkets.com
Available Languages
EN
SV
+
Customer Support
Phone, Email Support
Email
support@smarkets.com
Phone
020 7617 7413
Verified by
GamCare
Overall Rating
Rating follows
  • Bonus Offers & Free Bets
    3.9/5
  • Usability, Look & Feel
    4.0/5
  • Mobile App
    3.7/5
  • Payment Methods
    3.9/5
  • Customer Service
    3.7/5
  • Licence & Security
    4.1/5
  • Rewards & Loyalty Program
    3.9/5
Mac Fairbank
May 22, 2023
a great site
"it has all my favourite sports under one roof!"
Nick
May 19, 2023
excellent
"great site - really well laid out and designed. Always works well, no glitches, no lags, no nonsense!"
User Rating
3.6/5
8 User Reviews
5 Stars
37.5%
4 Stars
25.0%
3 Stars
12.5%
2 Stars
12.5%
1 Star
12.5%
Last Updated on July 2, 2024
Fact checked by: Jesse M Cox

Bonus Offers - What offers can you get at Smarkets?

Just when you think a flat commission rate of 2% is a great deal at a betting exchange, Smarkets goes and lowers it considerably. All new sign-ups can enjoy up to 60 days commission free if they remember to add the promo code: COMMFREE when registering their accounts. A qualifying first deposit of £10 will seal the deal and start the 60-day countdown. Just be sure to avoid using Neteller, Skrill, PayPal, or any pre-paid/virtual card when making the payment.

This deal is only available to new players in the UK, who are not signing in from an API or trading software platform. Players must be 18 years or older. Full terms and conditions apply.

Is SMarkets available in your state?

Check out our table below to see if SMarkets is available in your state and to get your hands on your state-exclusive promo code to start taking advantage of their welcome offer today:

Usability, Look & Feel - A simple to navigate site

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.

Payments - Usual options here

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.

Customer Service - 24/7 support here!

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.

Betting Markets - Covers all major markets

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.

Odds

Bettors at Smarkets can enjoy competitive odds across the wide range of betting markets available on the sportsbook.

Live Betting & Streaming – In-play available here

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.

Smarkets In-Play

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.

Product Summary - All the markets you need in one place

We really like what’s offered by Smarkets. Their user friendly website is innovative and up to date website that is fast and easy to navigate, and above all, they have the reputation of being one of if not the best provider of political and current affairs markets.

Overall Conclusion - An exchange worth checking out

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.

User Reviews for Smarkets

3.63/5 – 8 User Reviews
  1. a great site
    Mac Fairbank

    it has all my favourite sports under one roof!

    -
  2. excellent
    Nick

    great site – really well laid out and designed. Always works well, no glitches, no lags, no nonsense!

    -
  3. good for matched betting
    Sharon

    i do some matched betting and love using smarkets!

    it can sometimes be hard to find the specific match or game you want
  4. Great
    James

    It is very easy to use one of the best I have used and to charge is very fast, I recommend it!

    -
  5. really great for sports
    William

    Fantastic for sports betting. They cover a lot of diffrent sports which is good and they have good odds as well

    -
  6. Customer service is slow
    Will Barker

    they are very helpful when you get them

    phoning isn't an option for me so I have to email - there's no live chat that I can find. The email responses can be slow, I don't know if they don't have enough staff or are just very busy
  7. Disappointing app
    Lynsay Beck

    The site is decent

    The app performance was poor. Its surprising how a big company can do so bad when it comes to app development.
  8. Give it a try!
    Matt W

    This is an exciting site that deserves more coverage. I’m not that interested in sports betting, but being able to bet on politics is right up my street! It’s not the easiest of sites to get to grips with, but it’s well worth persevering. The more of us that sign up, the better it’s going to be. The app is pretty bad right now, but it’s early days, so I have high hopes for the future of Smarkets.

    -

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