Smarkets Free Bet Guide — Does Smarkets Offer A Free Bet?

Welcome to our Smarkets free bet review, where we’ll scrutinise the bonuses and terms and conditions of all the deals the site offers. Is there a Smarkets free bet offer to tempt you in? Let’s find out.

It doesn’t matter if you’d prefer to play on the Smarkets full site, or you’d like to see if there’s a Smarkets app to use, there’s a deal for you! We’ll also explore the Smarkets refer a friend program, so your buddies can get in on the action too. But first, how about some background on Smarkets?

With offices in London, Malta and Los Angeles, Smarkets is a betting exchange with an international flavour. The peer-to-peer trading platform, founded in 2008, is funded by a European consortium of investors including Deutsche Telekom and venture capital firm Passion Capital. They’ve also been listed as one of the Wall Street Journal’s startups to watch, and won awards in the UK for their groundbreaking work in the industry.

As well as being one of the biggest peer-to-peer trading platforms in the betting industry, the brand have expanded into sponsorship of The Jockey Club, as well as football team Queens Park Rangers.


What Is A Free Bet?

Free bets do exactly what they say on the tin. They’re bets that are free to place. Sounds perfect, right? Later on, we’ll discover if there is a Smarkets free bet.

As they’re absolutely free, free bets are often difficult to find. There are few bookmakers that offer them, and if they do, the free bet is unlikely to be for a large sum of money. Free bets are designed to reach new customers and give them a chance to try a website without any initial outlay.

Deposit bonuses are common. You’ll sometimes find them given to new players when they sign up on a bookmaker’s site. These may be matched bonuses, where the amount of money a player deposits in their account is matched in its entirety by the bookmaker. Alternatively, they may be awarded to players who bet on a specific market or place a set number of bets. Accumulator bonuses, for example, may request that a player places bets on 5 or more events to receive the bonus funds.

At we’ve compiled a list of the best bookmakers offering bonus deals, so it’s worth checking that out to see if any true free bet offers are currently available.

Head to Smarkets today and claim your bonus

Does Smarkets Offer A Free Bet?

Log onto the Smarket’s website and the first thing you’ll see is a message prompting you to join for a £10 welcome bonus. The wording is careful here. This is not a Smarkets free bet bonus. You need to add a deposit to receive it. This prompted us to check the terms and conditions found in the website’s help section.

The T&Cs explained that to get the Smarkets bonus funds, we had to place a minimum deposit of £20 using an accepted payment method. This £20 must be spent on a losing sporting event to receive the bonus funds. As you get a second chance at success, it may be tempting to place a tricky bet that may or may not come in. This is the perfect opportunity to place a bet on a Jekyll and Hyde team like Wigan Athletic, whose form is the only thing as inconsistent as the British weather this season.

As you pay £20 and receive £10 back if you lose, it’s clear that this isn’t a free bet. You’ll also need to remember that as a betting exchange, you’ll be charged Smarkets commission. As such, this type of bonus is best described as lower risk.


The Smarkets free bet bonus in detail

When using any bonus, it’s important to understand all the terms and conditions to make sure that you qualify for the deal. The Smarkets welcome bonus terms, for example, explain that you can only make a deposit using certain payment options, ruling out Neteller and Skrill entirely.

The bonus is also a strictly one-time deal bonus. You cannot use the bonus on multiple accounts and it is limited to one use per household, payment account, and shared computer. It also cannot be used in conjunction with other bonuses. Let’s take a closer look at other vital terms and conditions.


This bonus cannot be called a Smarkets free bet deal because it’s not free to place a bet on the site. To receive the bonus, you need to place a deposit of £20 or more. Once you’ve made your deposit you need to place a sports bet wager for a minimum of £20. If this bonus wins, you’re quids in! But if it loses, you’ll still receive your bonus funds back. That’s a tenner to spend on any sporting event you like. Remember that the bonus must be made by card or bank transfer only. Neteller and Skrill are not eligible for the Smarkets welcome deal.

Play-through Requirements

Unusually for a bookmaker’s bonus, there is no playthrough requirements attached to the deal. You can place your initial £20 deposit and £10 bonus on any sports markets you like providing your initial deposit is made using card or bank transfer. As mentioned earlier on in our Smarkets review, you’ll only receive the bonus if your initial bet loses. That’s not quite a Smarkets free bet, stake returned deal — as you only get £10 back if your first bet loses — but it’s pretty close, so it’s a good choice for bets on less reliable outcomes.

Sports Available

There are a decent range of sports available at Smarkets: football, tennis, horse racing, basketball, and a few other popular options are easily found. There’s also a range of different betting options you may wish to explore. How about using some of your bonus on a matched bet using Smarkets matched bet calendar? For those unaware, matched betting is where you can bet both for and against an outcome occurring. Betting against an outcome is only available on betting exchanges like Smarkets. Just another string to Smarkets’ bow.


What Other Bonuses Are Available At Smarkets?

While there is no Smarkets free bet, it’s clear that Smarkets have given a great deal of thought to their bonus section.

As well as the previously-mentioned welcome offer, Smarkets also encourage you to bring a friend to the party with their Refer a Friend scheme. The scheme rewards both you and your friend for signing up on the site.

How it works:

  • You send your friend a Smarkets referral code.
  • Your friend signs up with the website and makes a deposit of £20 or more using credit or debit card or bank transfer.
  • Both you and your friend ensure you are verified using valid documentation.
  • Both you and your friend place a bet, or bets, totalling at least £20 each.

Once you and your friend have met all the terms and conditions of the referral bonus, including placing qualifying bets, you’ll both receive £10 as a bonus. You can spend this bonus on any Smarkets market you like. Your referral code can be used a total of 50 times, earning you a total of £500 in bonus funds.

The bonus terms and conditions are not the easiest to find. You’ll have to search for them in the help section, but once you do, you’ll see they’re detailed yet easily understood. As mentioned earlier, there are no wagering requirements for the sign-up bonus or referral bonus, making them simple to use as a result.

Why Should You Take Advantage Of The Free Bet Offer At Smarkets?

The Smarkets welcome offer gives new players a chance to earn extra cash to play on their favourite games. It’s a great deal for those new to sports betting, with just a small initial outlay required. The lack of bonus terms and conditions is a big plus, making it superior to many of its competitors offers, have a tendency to be overly complex. The offer can be played on any sport you like and, in fact, any market you like, combining flexibility with great gameplay.

As well as the exciting Smarkets free bet sign up bonus, player of Smarkets can take advantage of a referral scheme that give you up to £500 in added bonuses. You’ll get £10 a time for a successful referral, which can boost your bank roll;  you can then spend it on bets that you enjoy, like accumulators or matched betting. The latter is encouraged on the bookmaker’s website. You’ll even find an exclusive Smarkets matched bet calendar, so you can plan your bets carefully to get competitive deals. It’s rare for bookmakers to acknowledge matched betting like this, and to be able to use bonus bets on matched bets are rare, so it’s definitely worth trying out.

Now you know all there is to know about the Smarkets bonuses, how about looking at the deals other bookmakers have to offer? Can other bookmakers compete with Smarkets’ ease of use? Do they have larger offers? You’ll find all the latest ‘free’ bets, extra spins and sign up deals here.

Head to Smarkets now and claim your welcome bonus

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