Smarkets Review & Rating 2021
Is Smarkets legit?
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.
Pros & Cons of Smarkets
- Simple and easy to navigate
- Great political trading markets
- Great rate of commission
- Missing streaming and audio services
- Criticism made about app performance
- Uninspiring offers
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%.
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.
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.