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.
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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.
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.
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.
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.
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.
Bettors at Smarkets can enjoy competitive odds across the wide range of betting markets available on the sportsbook.
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.
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.
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.
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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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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The site is decent