Smarkets

Smarkets Review

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Logo of Smarkets
Smarkets Logo

Today, Smarkets is gradually gaining public recognition as one of the top betting exchanges in the United States. The company was established by a team of software engineers and financial professionals. The platform streamlines esports-based tournaments, peer-to-peer trading on sporting events, political and current affairs.
With over a dozen platforms out there, the question is, how can you get a sportsbook that gives you a professional edge with less commission?
This article is an unbiased review to help you determine if Smarkets is the right betting platform for you. So, without further ado, let’s take a look at some of the offers and how you can qualify for them.

2

Is It Legal and Safe?

With over a dozen proof, Smarkets is not a scam. Smarkets is officially licensed by the Malta Gaming Authority and UKGC and, over time, has a record of over $5.5 billion in bets.
Additionally, the company has the backing of well known European investors like Passion capital and Deutsche Telekom, and was once listed among the best 10 European startups.
Smarkets offers users a set of payment methods which they can use for both withdrawal and deposit. These platforms offer reputable and reliable means of payment that are secure and safe for users.

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Markets and Betting Lines

Commission rate has been one of the major challenges with most betting exchange platforms. This should be strong why you should consider moving from your regular bet site to Smarkets; the 2% commission is an attractive offer that won't swap your win credit.
Compare this to most gaming sites where 5% of wins are retrieved in the  name of commission. The good news is that you don't get bugged with additional charges, unlike most sites that impose additional service few and other charges.
Of course, the commission is a nice deal for players that are out to minimize their losses and maximize their wins. On some occasions, the platform offers incredible promotions during which you can have 100% access to their profit with zero commission.  
Smarkets give you access to varieties, from the environmental to the financial world. Additionally, you can also place a bet on the “best person of the year” on Time Magazine.
The layout design of the current affair section is quite eye-catching. Smarkets design is a platform that presents users with a world of endless variety and possibilities; the layout design of the current affair bet section would make you want to give the platform a try.

4

Live Betting

A general perspective of monitoring events at the sportsbook offers you a seamless interface that makes it easy for you to simultaneously view different events.
It provides a detailed statistic for you to use when making wagering decisions. Smarkets live bet line setup a comprehensive statistical analysis tool presented to players who want to be data-driven.
As a pro, you will agree that high-quality stats are important for profitability when placing bets.

5

Registration

  • To start your registration, you will need to click on “CREATE ACCOUNT” which is located at the top-right side of your computer.
  • The registration form consists of three major steps.
  • You are allowed to make a direct deposit to your account once you complete the second step of the registration.
  • A maximum deposit of $1,419 is allowed for new customers.
  • You are allowed to set your deposit limit at daily, weekly, or monthly to $999,999,999.99.
  • Withdrawals are not allowed until you verify your email.
  • On your first withdrawal, you will need to verify your identity.
Smarkets sign up page
Smarkets sportbook sign up page

Once you open the Smarkets website, the platform automatically redirects you to its homepage. To start your registration, click on «CREATE ACCOUNT.» Once you're done, a registration form pops up on the screen, similar to what you have above.
Your email is first required, a password, date of birth, and promotional code, if you have any. You can sign in to receive marketing information and communications that are related to the promo offer.
Once all your details are accurate and ready, click on «CONTINUE» that ends the first stage. The second stage will require your biodata info, like your name in full, phone number, and country.

Smarkets personal info page
Smarkets sportbook personal info page

Next is to select your most preferred currency and fill your address in detail, then proceed to click  on the «SAVE DETAILS.»
As soon as the second registration step is completed, you're free to make a deposit directly into your Smarkets Sportsbook Account.

Smarkets limit deposit page
Smarkets sportsbook limit deposit page
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Smarkets Sportsbook Sign-up Offer

  • As a welcome bonus, Smarkets offers first-time users 13 USD.
  • Losses that are equivalent to the welcome bonus are refunded to users' accounts.
  • Although there are terms and conditions apply.
Bonus offer page of Smarkets
Bonus offer page of Smarkets sportbook

You will need to deposit $26, not instrumentally, but as a lump sum, this will serve as the first deposit that qualifies you for the offer.
As soon as you made the first deposit, the bonus offer will be credited to your account.
Once the bonus is received, you will need to use it within the space of 7 days; if no action is taken within this time frame, it is declared null and void.
The bonus amount can be added to your account as part of your wins one the above conditions are meant.

7

Mobile Applications Review

  • Smarkets provide its customers with an amazing app that is compatible with both Android and iOS devices.
  • If you are using an Android phone, the app is available in Google Play Store.
  • If you’re using an iOS device, you get to download the app from App Store.
  • Smarkets apps give you access to Trade Out Features, Smarkets full functionality, and present you with the best trades. All these features are accessible with a unique search tool.

Additionally, the app comes with an excellent user-friendly interface. It has the option of either switching to a dark mood or light mood, with two-factor authentication for maximum security, live bet notifications, live charts, and a platform where you get access to real chart, reliable and accurate prices.
Amazingly, the app presents you with an opportunity to bet on games whenever and wherever you are, at the time of your interest without using your laptop or desktop.

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Overview of the Offers from Smarkets

As a peer-to-peer betting platform that shoots for the stars, Smarkets has maintained a clear insight on different products that are made accessible to customers on their platform. They maintain this standard and don't deviate by offering slot or casino games on their platform.
Most players opt for sport-related bets, although they still have access to make a wide variety of choices based on their fields of interest, such as current affairs, television, and politics.

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Sports Betting

So far, Sports betting is one of the top-demanded betting transactions done on the site, with soccer as its biggest market. Users can trade on Horse, Tennis, Racing, Boxing, Darts, Basketball, MMA, Ice hockey, Motorsport, Rugby, Snooker, Rowing.
The good news is that you don't have to trade only on these events; dozens of other sub-markets are available.
Let's take soccer to explain, you are allowed to place trades both full time and half time, correct score, draw no bet, number of goals, clean sheet market, handicaps, and many more.

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Website of Smarkets

Smarkets sportbook market screen
Smarkets sportbook market website

Additionally, you can make trades in- play- while the event is happening in real-time. This means if you're watching a match, you can make your observation as the game unfolds.
Over a dozen events are to bet on each time, ranging from smaller events down to international competition.

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Political Betting

Political betting is yet another extremely popular market on Smarkets Sportsbook, and since the arrival of Donald Trump and Brexit, the game has changed completely.  
You can trade on who will be the next leader of a political party, international markets, the likes of Vladimir and Donald Trump, and when they are expected to leave.
Today, political betting has gained more popularity than in past years, since most people see it as an opportunity to monetize their beliefs. To this effect, Smarkets provides a perfect arena for fellows who want to do so with great ease.

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Current Affair Betting

Aside from the usual sport and political betting, users can bet on other significant topics like current affairs. This covers trading on the future of falling or the rising price of a company share and much more.
Smarkets Sportsbook offers markets around television shows -this offers users the opportunity to trade on Strictly Come Dancing and X-factor events.

13

Deposit and Withdrawal Options

  • Smarkets offers users five different deposit options: Debit Card, Neteller, Bank Transfer, Skrill, and Trustly.
  • A minimum deposit amount of $13.
  • Minimum withdrawal of $13 as well.
  • If you’re new to the platform, you can deposit up to $1,419.
  • Note that deposits are done via, and Trustly, Neteller, Skrill are not entitled to this offer.
  • Before withdrawing your funds, you're required to verify your email.
Smarkets Deposit screen
Smarkets sportsbook Deposit screen

Once you complete the second phase of registration, you're free to deposit funds directly to your account.
If preferred, you can skip this stage to deposit directly to your account; click the option that allows you to access your account details; this is located at the top right-hand side of your computer screen.

Remember: deposits made via Neteller, Skrill, and Trustly, do not qualify towards Smarkets Welcome Bonus offer. Before withdrawing funds, you're required to verify your email.

To withdraw funds, click on the option that leads to the account details; it’s located at the top right-hand side of your screen, followed by the “WITHDRAW” button.

The minimum withdrawal amount offered at Smarkets is $13. The withdrawal is issued via the same payment options or gateway used for the deposit. All withdrawals take a maximum of 6 business days to be processed.

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Contact of Support Team

  • Smarkets customer service is available 24/7.
  • You can reach out to a customer representative via Twitter, Live Chat, Email, Phone, and Post.
  • To reach out to the customer service, scroll down the screen, and click on the "Contact Us."

14.1

Purpose Email address
For general queries, send an email to [email protected]
Inquiries about press and media are sent via [email protected]
Issues regarding technicality and vulnerabilities are directed to [email protected]
Affiliate inquiries are sent to [email protected]
For API inquiries, sent them a message at [email protected]

All emails are attended to within the space of 48 hours. Smarkets is available on social media platforms like Facebook and Twitter (@SmarketsTect).
If you prefer a one-on-one conversation, you can use the phone service option. Call Smarkets at +44 207 617 7413,

Live Chat is one of the easiest and quick means of communication on the platform. To use the live chat option, you will need to log in to your account and click on Live Chat; the feature is located at the center of your screen.

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Smarkets Bonus: Check Out the Offer

If you're new to Smarkets, you will receive a $14 bonus; these funds are added to your initial deposit. This bonus will compensate for losses incurred on any of the five wager Premier League matches, making it a $66 bonus. This offer is completely different when compared to other sport betting platforms.
To qualify for the $14 offer, you will need to deposit more than $26 in your account; if this is done, and for some reason, you missed the first trade, you will be credited automatically, making this a cashback bonus.
So the possible question here is, what happens when you sign with Smarkets and never lose any trade?
You're entitled to receive the bonus; Smarkets still gives it players a $14 offer on their first five math wager.


15.1

Deposit Bonus: $14 bonus on first five matches
Bonus Condition: Must deposit $26 or more to claim the full bonus
Validity: Use within three months
Other promotions: None

Smarkets offer the most transparent bonus because their offer is not subjected to unfair wagering requirements. It’s important to note:

  • Skrill
  • PayPal
  • prepaid card
  • Neteller

Deposits that are done using the following Payment Gateways are not entitled to this offer.

Sine unused bonuses expire after three months; so, it best to use the offer within this time frame.
Once the bonus offer is credited to your account, you can place bets on any market of your choice, including Politics, Current affairs, and Sports. One of the major edge cutting advantages of this offer is that it has no limitation on what you can trade on.
Though $14 may relatively sound small, the upside is; it offers you more opportunities for more wins.   

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Product, Sports and Markets

Smarkets USA covers both unique and usual market options; these include horse racing, American Football, Tennis, Football, Baseball, Rugby, Motorsports, Cricket, Basketball, and Boxing.
This makes it simple for players who are interested in betting more than the simple wager; it provides you with the opportunity to bet more on less conventional sports.
The platform has a betting odd specifically meant for politics; these include the United States, United Kingdom, European politics, and the world.
Smarkets has odds for current affairs like BBC sports personality in the year 2019. For instance, you can bet on the United States election and predict who will win the election, including their gender and political party.

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In-Play Betting

Smarkets in-play betting odds are made accessible for punters. You can see all the odds displayed on the left side of the home screen. The platform offers in-play betting on sports like Baseball, Cricket, Tennis, and Football.

One of the edge cutting advantages of the in-play service is its real-time match feature. As a punter, you can make a bet at the right price without waiting for the counter to hit zero; this feature contributes to why the in-play service is pretty easy and perfect for punters. This can make the in-play service seamless and easy for punters.

  • An abundance of games for betting with democratic results.
  • A very trustworthy and reliable platform for an online betting exchange.
  • Extremely low commission charge (2%).
  • Allows more than four payment options.
  • Customers can place odds without the role of a bookie.
  • It features a few languages.
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Conclusion

Don't you think it is best to invest your time, attention, and resources on what works rather than diversifying your investments and ending up as a master of none?   
The good news is, you have access to one of the most incredibly easy to use sports betting platforms that takes only 2% commission from your wins.
The platform lacks an online casino and others like, but it holds higher standards for what it does.
What else will anyone expect than a user-friendly interface that makes the entire process super easy and fast? Smarkets provide its players with an amazing 24/7 customer support service with flawless mobile experience and fair bonus conditions, so what are you waiting for? Join the winning team today; you will be glad you did!

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FAQ

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Also ask
How much commission does Smarkets charge on a transaction?
Smarkets charge a 2% commission on all your transactions.
What is a chargeback?
Chargeback explains a reversal on your deposit due to fraudulent activity or as a result of a dispute.
Is a negative carry-over?
No. Once the payment is due within a month is negative, it will be automatically carried over to the next month.