Last Updated on September 11, 2019 by Tipster
Smarkets Bookmaker History And License
Smarkets are an online betting exchange and they are a growing force in the industry as well. They were founded by a small group of investors and have impressively grown from there with such financial clout behind them.
They branded themselves as being a more “advanced trading platform” than other major betting exchanges out there and gained impressive ground in 2017 when the Financial Times named them the 25th fastest-growing company in Europe.
The Smarkets website presence is really nice, it’s a very good website and it’s simple to get around. Because this is an exchange, the odds are extremely competitive and you have peer to peer betting to add that extra value to the choices. UK and Ireland have very nice horse racing coverage on the site, but punters will discover that there is a lack of statistics to fully back up the exchange market choices.
To qualify for initial £10 welcome bonus you must deposit a minimum of £20 by card or bank transfer as your first transaction when you sign up. Once added to your account, the welcome bonus will automatically refund your first net market loss or losses to your account in cash up to the value of £10.
There is a small welcome bonus that you can pick up when you register a new account with Smarkets. You just have to open and deposit a minimum of £20 as your first funding with them and then you will receive a £10 bonus back on your account. Then any losses basically that you make up to £10 to start off with will be automatically refunded. In order to withdraw any rebated funds, you must wager at least the qualifying deposit on any combination of markets. That has to happen within the promotional period which is three months as that is when unused bonuses will expire. The promotion is open to new users making their first deposit by card or bank transfer only.
Smarkets have built quite a reputation for political betting as well as other novelty markets from popular culture like awards. Can you see yourself anywhere else finding a market for the Clay Prize Winner in the field of math? No, is probably the answer to that. So you have the flexibility of not only naming your own stake on such markets but also the price that you want to take. This is done by simply scrolling through to the odds that you want and you will hopefully have that price matched for the bet to be active.
It is very straightforward and easy to operate and it is an enjoyable user interface overall. So the betting exchange gives you control of your odds which means that you have quality there and there is only a 2% commission that you pay on net winnings, so you don’t have the middleman bookmaker running betting margins. Overall, the odds quality, therefore, are very good, even if it is in limited betting markets.
Smarkets Live | In-Play
Smarkets do run the full in-play betting service and they focus largely just on the major sports like football, tennis, baseball, cricket and golf for that. Live in-play opportunities are selected from down the left-hand menu, and there is an Instant Match feature available, where you immediately take at the requested price on a live bet. That is opposed to waiting until the counter reaches zero and hoping that the price you want is still there. There didn’t’ appear to be as many live betting markets available as you would find perhaps at other established bookmakers.
Clicking on a live event brought up a decent selection of the standard markets that you would expect to find anywhere and nothing more really. It wasn’t the most extensive live in-play betting section that we have come across and there was nothing to support a game such as stats or a graphical representation of how the game is flowing.
Smarkets Deposits And Withdrawals
A look at the payment method page at Smarkets will show you the many different ways that you can get funds into your account. There are the regular wallet and credit/debit card methods along with Bank Transfer available. There are different limits, fee and processing times, so check through the best source for you. Withdrawals can only be made back to the funding source.
Deposit Methods Include: Skrill, Neteller, Bank Transfer, Mastercard, Visa Credit Card, Solo/Maestro, Visa Debit Card
Withdrawal Methods Include: Skrill, Neteller, Bank Transfer, Mastercard, Visa Credit Card, Solo/Maestro, Visa Debit Card
Smarkets Mobile App | Site
The site looks distinct from regular bookmakers and that’s something Smarkets obviously wanted to do. This is a really good website and betting slip you’ve got on the site. You can switch between the mobile layout and the mobile-friendly desktop layout on your computer if you want and you can switch between full desktop and mobile site on a device.
They do now have an app for iOS and Android now, which was released in 2017. This, fast and secure app will allow you to keep up with your in-play bets and enjoy the trade out features.
Smarkets Customer Service
All transactions in your account use TLS and SSL for security. There is a contact section at the site and you can access a chat online 24/7 so that could be the best way to get a hold of them. You have a email@example.com email support to contact them or you can call them at +44 207 617 7413 between 9 am and midnight GMT.