Smarkets is a brand known for integrity and security when it comes to online betting. Smarkets base their platform on the principles of financial trading integrated into the online betting industry to make the experience for customers better and more secure, making the overall gaming experience more fun for its players.
Smarkets is known as a betting exchange that offers to trade for sporting events, political events, and much more. Founded in 2008, the founders consisted of a small group of finance professionals and software developers lead by their current CEO, Jason Trost. With their knowledge both in financial markets and also in program development, they were able to make an innovative version of online betting.
With the core mission of providing an honest and superior platform for players, the system aims to process hundreds of transactions in just seconds.
Being open to all the major sports markets, Smarkets offers very competitive odds that were even mentioned by BBC and Bloomberg.
Smarkets Exchange – What it is and How does it work?
The Smarkets exchange, just like any betting exchange, offers a wide range of betting opportunities for people. Aside from the usual sports betting markets, Smarkets also offer other betting opportunities that you won’t usually find in the regular betting exchange. Users can also bet on political events such as elections or even awards events like the Grammy’s and such.
What makes Smarket’s system unique would be its peer to peer exchange system which makes the transactions safer and secure. It also means that transactions are faster because of the peer to peer feature which eliminates all other information blockages in between.
- Step 1: Create Your Account by Clicking on the “Create Account” Button on the Right
- Step 2: Enter Your Sign Up Details and Click “Sign Up”
- Step 3: Enter Your Personal Details and Click “Save Details”
On the right side of the homepage, there is a login and a create account button. To sign up for an account, simply click on the create account button right below the log in button. Refer to the screenshot below:
Once that is done, then you must enter your personal details in the next form. You need to enter your full name, your phone number, and indicate your country of residence. After that, you need to key in your address. Once that is finished, you just click on the save details, and you’ll be able to use your account.
How to activate our account
After you have already input your details and have signed up, you will be sent a verification code to your provided email address. The email will contain the instructions on how you can verify your account. Once you have followed the instructions, you may now log into your account and start placing bets.
How to verify your account before any withdrawal
In order to verify your account, you have to email some documents to Smarkets in order to verify your age and your address. In order to verify your age, you may submit your passport, driver’s license, national identity card, or firearms license. For the proof of address, you may submit your bank statement, utility bill, a tax bill, or a local government certificate. All of which must be recent (up to a max of 3 months). The documents may be uploaded to the website or sent to email@example.com.
What to do if we lost our password
If you forgot your password, you might make use of the Smarket lost password facility. All you need to do is to click “Forgot Password” during your login, and you’ll be requested to submit your email and your birthdate. Smarkets will then send an email containing instructions on how to recover or change your password so that you can log in again and continue placing bets.
Website Review – Design and Layouts
The website has a very modern design that is very interactive and very easy to navigate. Unlike most online betting websites, this one is not very cluttered and also makes use of slide features so that you don’t have to be redirected from one page to another too many times. It is also very spacious, so it doesn’t look painful to the eyes.
The layout is also really good and very user-friendly. The betting markets can be found in a slide button to the left. Your log in options can be found on the right along with the popular events. Lastly, your top markets can be found in the middle. Everything else can be found in the bottom part of the page. Everything is arranged properly which makes it a good and organized website. Features would make it interactive for a good user experience.
Sports betting in Smarkets are quite limited, but they do cover all the popular sports. Some of the popular sports that they cover would be horse racing, football, baseball, cricket, rugby, and cycling. They also cover other sports such as tennis, boxing, motocross racing, cycling, and rugby leagues. Basically, all of the major sporting events are covered by this website.
As for the odds, Smarkets would make use of collective knowledge and bets of the traders in the market using the numbers presented by the participants themselves to base the odds. Smarkets also has access to deep market data which would help present higher winning odds. So far, their odds have been mentioned by several media companies like BBC, Bloomberg, and Financial Times.
New customer bonus: Deposit at least £20 and get £10 Free Bet
New customers who will sign up for Smarkets would receive a £10 welcome bonus in the form of a free bet when you deposit in a minimum of £20 through your credit/debit card or through a bank transfer. When you deposit your first £20, the welcome bonus which is £10, will be able to cover your first loss.
The terms and conditions are found below:
- The bonus will be credited to your account and losses will be covered by the bonus
- You have to deposit a minimum of £20 to qualify for the bonus
- Customers who don’t use bank transfer or card for depositing the money into their accounts are not eligible for the bonus
- In order to withdraw the bonus fund, you have to bet at least the minimum deposit of £20 to any of the markets within the promo period
- Bonuses that have not been used for three months will not be valid anymore
- The promotion is only eligible for those who deposit using bank transfer or card
- The bonus is only eligible once for every account
- This bonus cannot be used along with other promotions
- Smarkets has the right to deny the availability of the promo to any customer that the company deems
In-Play (Live betting)
The In-Play mode of Smarkets would feature live betting which allows you to bet while the event is going on live. The In-Play mode of the website would show the sports events or other events that are live now so if you want to take part in an event on the spot, this feature will allow you to. You can choose which team or side you want to bet on and you can also see the odds of which side is winning. You can also decide on how much you want to bet.
Horse Racing and Greyhounds
Smarkets would provide a number of horse racing markets that you can bet on. There are so many races or events that you can bet on with a number of players that you can also choose from. Smarkets will also show you the odds of winning per player so that you can have an idea on which ones players are betting on. The site will also calculate a number of possible returns that you can get as well as the liabilities that can be gotten by choosing a certain player.
As for greyhounds and dog racing, Smarkets does not provide betting markets for greyhound and dog racing. The only racing events that Smarkets would offer is horse racing.
The Smarkets’ cash-out option is known as the trading out. The process of trading out enables you to cancel out a previously made bet that didn’t go your way. This can help you reduce your liabilities and also helps you lock in profit even if it’s a small one.
Basically, the trade out function comes with a trade out button that allows you to already get a profit or cut your losses early in the event so that your losses won’t be so big. However, you may only activate the trade out button when you have matched bets on a contract, if there is an adequate amount of volume on the market, and if your exposure is higher than £0.
Upon clicking on the trade out button, a form will pop up with all the details on your trade. Once you have filled out the information, then you will be shown a confirmation step which will allow you to confirm after.
There is a total of seven payment methods that you can use in order to deposit your money into your account. These seven payment methods all have their own distinctive fees and transaction entry time. These are the visa debit card, MasterCard debit card, Visa credit card, MasterCard/Eurocard, Neteller, Skrill, and bank transfer.
For visa debit cards, there are no fees, and the money is deposited instantly. You are allowed a minimum deposit of £10. The same goes for the Solo/Maestro card debit card.
For visa credit cards, you will be charged a fee of 2.5% of the transaction and the money is deposited instantly. You are allowed a minimum deposit of £10. The same goes for a MasterCard/Eurocard credit card.
For Neteller, there are no fees, and the money is deposited instantly. You are allowed a minimum deposit of £20 and a max of £5k per day.
For Skrill, there are no fees, and the money is deposited instantly. You are allowed a minimum deposit of £10 and a max of £5k per day.
For bank transfer, there are no fees, and the money is deposited within 3 to 5 business days. You are allowed a minimum deposit of £10. The same goes for the solo/Maestro card debit card.
Smarkets offers two ways that you can place bets using your smartphone. This would be through the mobile-friendly website and the mobile app.
The mobile friendly website is exactly like the regular website, only it is more compact and offers a better view of the customers. Other than that, it offers the same features as the regular website does.
For the mobile app, it is compatible with both Android powered smartphones and also iOS devices. It also allows you to sign into your account and manage your bets.
This app also comes with a quick trade find a feature that allows you to look for trades in the market easily. You can also change between light and dark interfaces to suit your own preference.
Smarkets has a three-step sign-up process that allows you to become an affiliate member and earn some substantial commissions. Basically, you just need to follow three simple steps to sign up: Apply, Approve and Earn.
First, you need to apply by visiting this link: smarkets.com/about/affiliates/
From there, you will see a button that says Apply To Be An Affiliate. Follow the instructions on that page, and you’ll be able to apply. Next, you have to wait for the approval of Smarkets before you can proceed to become an affiliate. Smarkets is quite particular with who becomes an affiliate, so you will first have to be screened. Once your application has been approved, then you can start earning through referrals. You will receive commissions based on the amount of money that your referrals have paid to make bets in Smarkets.
For the customer care support, there are typically six ways that you can get in touch with the customer support team. The first would be through email which is the most common way. Smarkets also allows you to reach the support team on Twitter if you are more often than not on your social media accounts. Another would be through live chat which is probably the best option of the six since it allows you to get in touch with the customer care team right away. However, this feature is only available for those who are already logged in meaning you have to make an account. Another would be through their phone line which is only available between 09:00 to 19:00. Lastly, there would be the mail post option wherein they will provide an address where you can mail them.
In the website, they have very accessible and very efficient customer care representatives. One of the unique features of this website would be that you can contact the customer support team through Twitter, which is something that a lot of betting websites don’t offer. The only downside of the customer support of Smarkets would be that their chat services and the phone services are only for those who have already registered with the website. This would discourage those who are from different countries and want to make inquiries quickly. Other than that, their customer support is very efficient and also very effective.
As stated above, there are several ways to get in touch with Smarkets. These ways are through email, on Twitter, through live chat, by phone, or through mailing. Below are some of the details:
- Email Address: firstname.lastname@example.org
- Twitter Name: @SmarketsTech
- Phone Number: +44 207 617 7413
- Mailing Address: 1 Commodity Quay, St. Katharine Docks, London, E1W 1AZ United Kingdom (see the location in Google Maps)
These are some of the ways that you can be able to get in touch with the customer team of Smarkets.
Final Verdict and Rating
Overall, Smarkets would receive a full rating of 9 over 10. The first thing to take note of would be the registration. As a whole, the registration is very simple and does not require you to fill up too many forms because customers in general hate are filling up long forms for signing up. Another thing to take note of would be the security features that it offers to clients. Smarkets, a whole, already has a good reputation when it comes to security and integrity so that in itself is a plus for the company. It also helps that media channels also feature their odds. Just like all the other betting websites, you also need to submit a copy of your proof of identity and proof of address for security purposes so that you won’t fall victim to identity theft. Smarkets also offers a very easy to recover your password just in case you lose it. So security has already been covered.
Next would be the website functions and the layout. One of the best things about the layout and design of this website is that it’s simple and clean. Unlike most betting websites that are very flashy and quite cramped, this one uses a more minimalist approach to design which makes it a breath of fresh air. As for the functionality of the website, it doesn’t make use of too many page redirections because people value webpage speed. They make use more of sliding functions so that people can access their information quickly and easily.
For their bonuses, they offer a generous sign-up bonus that allows new customers to cover their first loss if they would already put in the initial deposit in their account. This is a very attractive bonus that would definitely attract a lot of potential customers to the website. They also have a very good cash out option if you want to exit a bet that you’ve already placed money on while the event is still going on. This would allow you to cut losses or just gain a small profit so that you don’t need to lose too much money on the bets.
Though the website and the platform in itself are already an amazing one, there are two things that would make the platform fall short of 1 score. The first would be limited gaming markets. Although it makes up for it with rather unusual events such as political events and awards events, classic sports bettors would want to have more choices for their sports events when they go betting. It also lacks one of the more popular sports– greyhound racing. The other downside would be the limited use of the customer care live chat and phone services. As stated in the “Customer Care” section, the customer care hotline and the live chat services are only limited to those who have already signed up. Although this encourages people to sign up, it may do the opposite for those who like to inquire more before they sign up. By not having quick access to the customer care support, these people may be discouraged to sign up instead of encouraged.
Other than those two points, Smarkets is definitely an amazing sports betting platform that sports bettors will enjoy putting their money on. It is also a very safe one with very good odds. If you are an avid sports better, then this platform is definitely a recommended one.