Smarkets Review 2018 - Read our sportsbook rating and find out if Smarkets is reliable

Last updated & tested: 20.11.2018
Ok
70/100
Bonus
67
Odds
70
Service
70
Your rating
50
Awards:
Position: 1 at the award: Rugby Awards
Position: 1 at the award: App Awards
Position: 1 at the award: Sign Up Offers Awards
Leading UK betting exchange
Regulated by the UK Gambling Commission
Lots of sports and politics bets
62.

Spread betting with Smarkets

Our Smarkets review will focus on questions such as, ‘is Smarkets reliable for sports betting?’ and ‘how good is Smarkets’ horse racing offer?’. No less an authority than the Financial Times recently declared them one of the 25 fastest-growing companies in Europe. That’s quite an accolade and we’ll look at how it was achieved, as well as tracing the history of this betting exchange. Smarkets comes highly recommended by those in the know – let’s see if our Smarkets ratings concur.

Sadly Smarkets don’t have a welcome bonus, but check out the special offer for new customers from the Betway sportsbook instead.

BONUS
100% Deposit, up to £10
T&Cs Apply, 18+
Betting margin
88 %
Betting offers
More offers
Devices
Website Android iPhone Windows Blackberry
Customer support
E-Mail Livechat Telefon Support in Landessprache Free Hotline 24/7 Support Kostenlose Hotline
Licenses
Uk_gambling_commission>
Malta_gaming_authority>
Payment methods
NOW TO SMARKETS

Introducing Smarkets

IS SMARKETS RELIABLE FOR BETTORS?

Smarkets is not a bookmaker in the classic sense. It is best described as a betting exchange. The site offers odds on sports in decimal form, so if you’re used to fractional, it can take some getting used to. One thing that is immediately different from ordinary bookmakers is the chance to sets your own odds on an event. This is because Smarkets uses a peer-to-peer system. As long as someone else (i.e. another punter) is willing to take those odds, then you can place a bet and get involved in a type of betting that is becoming increasingly popular. They’ll also assist you on matched betting. Betting exchanges are now popping up in greater number after Betfair blazed the trail some years ago.

To get to the point where Smarkets is drawing the attention of even the Financial Times, there must be more than a few things that makes this site special. In a direct Smarkets vs Betfair contest, who would emerge the winner? That’s up to the bettor to decide, but you can rest assured that Smarkets has a lot going for it. For example, their politics markets draw a lot of attention, taking a great deal of money. But, is Smarkets good as an exchange for sports punters? And how does the offering differ from traditional bookmakers? That’s what our Smarkets review 2017 aims to find out, by looking at the key aspects of the site and awarding a Smarkets rating.

Kickstart With Our Step-By-Step Manuals

GETTING TO GRIPS WITH SMARKETS TRADING SOFTWARE

One thing you will find with many Smarkets reviews is that they make a great deal out of how easy to use the site is. This is true, as you will see in these step-by-step guides to all the important processes on the site. From logging on to cashing in your Smarkets liquidity, we’ll set you up for success through these quick guides that cover the basics. If this is a bookie you want to try, you’ll be ready to hit the ground running.

How To Open Your Account

    logo

    Step 1

    Click on ‘create an account’ at the top right of the screen. Enter your email, password, date of birth, and choose the currency you want to bet in.

    logo

    Step 2

    You’ll need to give address information and some contact details, such as your mobile number.

    logo

    Step 3

    You will then be asked if you want to make your first deposit.

    How To Make Your First Deposit

    • 1Click on the option for ‘Deposit’, which is a green rectangle on the right-hand side of the screen.
    • 2Pick a method for deposit. You have a choice of credit and debit cards, e-wallets and bank transfer.
    • 3Type in the amount you wish to deposit. To qualify for the bonus, it needs to be £20+.
    smarkets EN banner payment

    How To Place Your First Sportsbet

    • 1Placing a bet is the first way in which this Smarkets review really differs from an ordinary bookmaker, in that there are different types of bet you can make.
    • 2A standard bet, where you choose to bet that a certain outcome will happen, is called a Back bet.
    • 3Click on the outcome on the Smarkets odds list, and a betslip will appear. Choose how much you will place. The site shows how much you could win (or lose).
    • 4Alternatively, you can choose to bet against that outcome happening. In this case, choose to Lay. You can accept the site’s odds or enter your own.
    • 5If you have entered your own odds, you may have a wait to see if your bet becomes matched. In some cases, the site offers instant match.

    How To Withdraw Your Winnings

    • 1There is no great mystery as to how to withdraw money from Smarkets. As with depositing, click on the green box, this time the one marked ‘Withdraw’.
    • 2You are then shown a list of withdrawal options. This may show you different amounts that can be withdrawn through different methods.
    • 3The ‘closed loop’ system means you need to withdraw money by the same method you deposited the funds.
    • 4You will be required to pay commission on winnings. This is how exchanges make their money. Compared to Betfair and others (5%), Smarkets’ 2% commission is low.

    Know Your Bookmaker

    GETTING TO KNOW SMARKETS: MORE ABOUT THIS ACCLAIMED BETTING EXCHANGE

    Smarkets formed in 2008 and is regulated by the UK Gambling Commission and Malta Gaming Authority. They were one of the first rivals to Betfair, and although others have come along in the meantime, the lower commission makes Smarkets a real contender. There is a strong DIY ethic right through the site, leaving some to wonder, ‘is Smarkets reliable given that it leaves so much up to the user?’. Well, repeated good Smarkets reviews online show that people trust it in a way they just don’t many of their rivals. If you get a moment, check out Smarkets’ Twitter account for more positive feedback.  Is Smarkets good at customer service, payments, bonuses, and more? Read on to find out.

    REGISTER IN ONLY 3 MINUTES AT SMARKETS FOR FREE

    Bonus

    DEPOSIT £20, BET £10 RISK-FREE: SMARKETS RATINGS GOOD FOR BONUSES

    If your first question about Smarkets is how to claim a free bet, we’ve got some bad news. There isn’t one. However, the Smarkets sign up offer does offer the chance to claim a £10 bet. New customers have to deposit at least £20 by card or bank transfer. Your first losing bet will then be refunded up to £10. This expires after three months. This may not sound generous, but don’t forget that Smarkets commission is at a market low – less than half of what some others charge and competitive with newcomers like Matchbook. It’s important to keep that in mind when you come to review Smarkets against other betting exchanges and sportsbooks.

    1.

    Betway:

    100% up to £30
    No. 1 of 102 Betting bonus Bonus rating: 5.0 out of 5 stars
    Bonus
    100% up to £30
    Wagering
    (rollover): 6x Deposit
    Type of Bonus
    Welcome bonus
    Minimum Odds
    1,5
    Additional Bonus
    Payable
    CLAIM BONUS & REDEEM T&Cs Apply, 18+
    Make a minimum deposit of £10, place a bet of up to £30 and receive an equal amount in the form of a free bet. Minimum odds of 1.75. Valid for 7 days.

    Betting offer

    OUR SMARKETS REVIEW FOUND A LIMITED RANGE OF MARKETS

    Our Smarkets sportsbook review is a little let down by the lack of sports, with the focus on horses, football, tennis and US sports. The likes of darts and volleyball are the main niche sports covered. However, it’s clear that this is not your typical sportsbook. It’s classy and low key. When you can wager on the outcome of US Supreme Court cases and the UK base rate of interest, you know you’re dealing with a grown-up betting site!

    Smarkets
    Highlight betting
    Lots of non-sports options
    Depth in football and horse racing
    Not as much choice of sporting markets as some other sites
    Place your first bet

    Look at our table to see how others’ sportsbook offers compare

    Sports Football leagues Rating To the bookmaker
    Sports
    20
    Football leagues
    betting offer uk12betting offer europa36betting offer international36
    Rating
    BETWAY
    Sports
    Football leagues
    betting offer uk16betting offer europa55betting offer international55
    Rating
    NOVIBET
    Sports
    Football leagues
    betting offer uk8betting offer europa25betting offer international25
    Rating
    BETHARD
    Sports
    Football leagues
    betting offer uk12betting offer europa45betting offer international45
    Rating
    86/100
    Coral in Test
    CORAL

    Odds

    COMPETITIVE OPERATOR ODDS AND YOU CAN EVEN SET YOUR OWN

    A major advantage of Smarkets is the opportunity to set your own odds. This is a betting exchange, so you need someone else to take the other side of your bet. If you set odds that team A will win, you need another punter to take the same bet that team A will lose. This requires good knowledge of the market! You can also take advantage of the odds set by Smarkets.

    Can set your own odds
    Competitive odds set by Smarkets
    Setting odds takes knowledge!

    Does Smarkets have the best margins?

    Our table shows the bookmakers with the best betting margins. As a betting exchange that charges commission, you won’t find Smarkets. However, comparing betting margins can help you see just how the bookies stack up when it comes to offering you value. Remember, although Smarkets doesn’t have margins, the site is still an attractive option. Repeated good Smarkets reviews demonstrate that.

    BookmakersPre-Play-betting footballPre-Play-betting othersIn-Play-betting footballIn-Play-betting othersRatingto the bookmaker
    Pre-Play-betting football 92 - 96% Pre-Play-betting others 96 - 96% In-Play-betting football 90 - 95% In-Play-betting others 88 - 96%
    87/100
    Betway
    Pre-Play-betting football 90 - 92% Pre-Play-betting others 92 - 92% In-Play-betting football 90 - 94% In-Play-betting others 90 - 92%
    87/100
    Novibet
    Pre-Play-betting football 94 - 95% Pre-Play-betting others 95 - 95% In-Play-betting football 94 - 94% In-Play-betting others 95 - 94%
    86/100
    Bethard

    Which sports are winning when it comes to margins?

    Just as bookies have margins to compare, so do individual sports. Check out our table to see where you can find the best value when wagering on some popular sports. It can make the difference between a value bet and one to take a pass on.

    Football
    90% - 94%
    Tennis
    92% - 94%
    Basketball
    88% - 90%
    Hockey
    86% - 90%
    86
    88.8
    91.6
    94.4
    97.2
    100

    Live Betting

    HOW IS SMARKETS FOR LIVE BETTING?

    One of the advantages of betting exchanges is that if you know what you’re doing, you can hedge losses and back up wins with a quick lay bet in-play, if you follow the game. It’s a good idea to check out a lay calculator (like TrickyBet) and from that you will gain a leg up when it comes to hedging your bets. This will take some practice, but there are plenty of good guides available to help you with that. Smarkets ratings are constantly high because of how easy they make live betting.

    BONUS
    100% Deposit, up to £10
    • 22
      Sports
    • 45
      Leagues
    • 36
      Tournaments
    • 90
      Matches

    Which bookmakers have the best live betting offers?

    Sports Betting options Odds level Live streams Rating To the bookmaker
    Sports 20 Betting options 130 Odds level 92% - 94% Live streams no Rating
    87/100
    Betway Review
    Betway
    Sports 25 Betting options 20 Odds level 75% - 95% Live streams yes Rating
    87/100
    Novibet Review
    Novibet
    Sports 8 Betting options 5 Odds level 12% - 24% Live streams yes Rating
    86/100
    Bethard Review
    Bethard
    Sports 30 Betting options 8 Odds level 88% - 96% Live streams yes Rating
    86/100
    Coral Review
    Coral
    Sports 25 Betting options 40 Odds level 68% - 85% Live streams Yes Rating
    85/100
    888sport Review
    888sport

    Payment

    FUND YOUR ACCOUNT IN A NUMBER OF DIFFERENT WAYS

    Our Smarkets ratings take account of the fact they don’t have quite the same range of funding options as some of the betting providers out there. They won’t accept deposits from prepaid cards, such as Paysafecard. However, they do take credit and debit cards, as well as the key e-wallets such as Skrill, Moneybookers and Neteller. You can also deposit to your account by way of bank transfer. They do operate a closed loop system (for anti-money laundering purposes), so your withdrawal needs to be to the source you used to deposit the funds.

    Deposit & Withdrawal Time Limits min/max Fees
    Credit card Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: Up to 48 hours Limits min/max: Deposit: £2.5 Withdrawal: £2.5 Fees: Deposit: No Withdrawal:
    Bank transfer Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: 3-5 working days Withdrawal: Up to 5 working days Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Skrill Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: Up to 48 hours Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Neteller Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: Uo to 48 hours Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:

    Customer Service

    IS SMARKETS RELIABLE ON CUSTOMER SERVICE? THE SIGNS LOOK GOOD!

    While Smarkets doesn’t have a 24-hour customer service phoneline, they are open to deal with your issue from 9am to midnight. They do have a live chat service that is open all the time. There are also options to contact them via email or Twitter, so you won’t run short on avenues to find a solution to your issue. Our Smarkets ratings are high for support.

    Customer Support
    Phone
    Email
    Live Chat
    24/7 Support

    It’s worth noting that you have to be a customer to use the phoneline and live chat. However, non-customers can use the decent help section, send an email, or even use good old snail mail and post a letter to the London address!

    Which betting providers offer good customer support?

    English
    support
    Free
    hotline
    Live chat rating To the bookmaker
    English support
    Free hotline
    Live chat
    24-h-Support
    Rating
    Betway
    English support
    Free hotline
    Live chat
    Rating
    Novibet
    English support
    Free hotline
    Live chat
    Rating
    Bethard
    English support
    Free hotline
    Live chat
    Rating
    Coral
    English support
    Free hotline
    Live chat
    Rating
    888sport

    Smarkets App

    GOOD NEWS FOR IOS AND ANDROID USERS!

    Smarkets ratings for mobile bettors got even better in 2017 when they launched the Smarkets app for iPhone users and Android fans. This is a logical progression for a company that places a high value on being technologically advanced. The app is responsive, well-run and functional, in the same way as the main and mobile sites. If you can’t access the app for whatever reason, you can use the mobile-optimised website, which looks good and doesn’t require a download.

    Betting Limits

    SMARKETS

    The lowest bet you can place is £0.05. Maximum stake depends on the market. Different markets will have their own limits, but the theoretical highest is £99,999. However, as Smarkets reviews and the site itself will tell you, you can split your stake into smaller bets. Remember that’s the maximum stake, not the maximum win; you’re betting against other people here, and they’ll decide their limits. Never bet more than you’re happy to lose, and remember that betting exchanges are not really a place for newcomers to start their betting journey. You need to know if the bet you’re being offered by a fellow punter is legitimate and fair!

    sMarkets
    £ 0
    Daily profit limit
    £
    minimum bet
    FAST TO THE BOOKMAKER!

    Hunting high and low for the best betting limits?

    minimum bet Max bet Daily profit limit rating To the bookmaker
    0.05 £ per bet 100.000 £ bet 0 £
    87/100
    Betway Review
    Betway
    £ per bet 0 £ bet 0 £
    87/100
    Novibet Review
    Novibet
    £ per bet 0 £ bet 0 £
    86/100
    Bethard Review
    Bethard
    £ per bet 0 £ bet 0 £
    86/100
    Coral Review
    Coral
    0.10 £ per bet 250.000 £ bet 0 £
    85/100
    888sport Review
    888sport

    Extras

    WHAT YOU SEE IS WHAT YOU GET AT SMARKETS!

    This is a site that prides itself on its focus and minimalism.  There are no casino games, colourful slots, live streaming, or other bells and whistles here! Our Smarkets sportsbook review should have already made clear that people come to Smarkets to bet, and that is something the site is very good at. That’s where it begins and ends. There is a variety of betting markets here, so it would be unfair to award low Smarkets ratings due to a lack of extras.

    Casino
    Live Casino
    Poker
    Games
    Bingo

    Conclusion

    FINANCIAL ORIGINS AND LOW COMMISSIONS MAKE THIS A BETTING EXCHANGE TO CONSIDER

    So, is Smarkets reliable? Our Smarkets review didn’t find anything negative to say about the site’s betting offer or its prices. The level of customer service is excellent, and the entire enterprise feels well put together. Some people might argue that it is a little impersonal and basic. You could easily counter-argue that ‘minimal’ is a better word. Although the site may lack extras and flashy graphics, it does exactly what it needs to do. Besides, it looks a lot better than most betting sites, which helps our Smarkets’ rating climb higher.

    Best bet exchange?

    If you like simple betting, a user-friendly site and a range of markets, then Smarkets may be a site for you. You won’t lack for new ways to hone your betting strategy, and they offer a selection of articles to point you in the right direction. Sure, they could have more funding options, but what they do offer is ample for the vast majority of players out there. For betting exchange fans, this is one to consider.

    Bonus
    3.4
    Odds
    3.5
    Service
    3.5

    Overall rating


    sMarkets
    70/100
    Ok

    • Minimalist website
    • Non-sports markets
    • No live streaming
    NOW TO SMARKETS
    smarkets-£10-welcome-bonus
    SHOW BONUS CODE
    T&Cs Apply, 18+

    We’d love to see your Smarkets rating!

    Have you given Smarkets a try? Do you agree, or think we’re completely wrong? You have the chance to tell us what you think about the site. Post your comments today! Share your Smarkets review 2018!

    Your rating
    50

    Awards

    VOTE FOR THE BEST IN THE BUSINESS

    Here is your chance to vote for the bookie you think provides the best service in the betting world. There are countless sites out there where you can place a few bets and enjoy the competition. Who gets your vote for the best in the business?

    Our top five betting sites!

    Top 5 Bookmakers

    01.
    Betway
    Really Good 87 / 100
    Betway in test
    100% up to £30
    02.
    Novibet
    Really Good 87 / 100
    Novibet in test
    100% up to £25
    03.
    Bethard
    Really Good 86 / 100
    Bethard in test
    100% up to £50
    04.
    Coral
    Good 86 / 100
    Coral in test
    100% up to £30
    05.
    888sport
    Good 85 / 100
    888sport in test
    100% up to £30

    Check out the sites with the best bonus offers

    Our top 5 bonuses in comparison

    1.
    Betway
    100% up to £30
    5.0/5
    BONUS REDEEM
    2.
    Novibet
    100% up to £25
    4.9/5
    BONUS REDEEM
    3.
    Bethard
    100% up to £50
    5.0/5
    BONUS REDEEM
    4.
    Coral
    100% up to £30
    4.9/5
    BONUS REDEEM
    5.
    888sport
    100% up to £30
    4.8/5
    BONUS REDEEM

    Leave a response

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