SMARKETS Review

As well as its sports trading and exchange offer, SMARKETS also offer trading on special events and politics so there is something for everybody. Sports however is where the main thrust of their offer is. SMARKETS has positioned itself in the niche of exchange trading, so of course is competing against the “big dogs” in that area, Betfair and Betdaq. So how do they differentiate and offer the punter/trader value? In the short time that they have been on the market, the SMARKETS exchange has seen more than five billion pounds traded so you know the system and platform is robust. The key to this is that they have developed, and continue to develop the platform totally in house. The background of the founder and his team is mathematics and finance so you could call it a “geek” tech company.

The great thing for the customer is that they are getting pure trading tools in which to make as much money as possible. And just as recently as April 2017 they were named the 25th fastest-growing company in Europe in the inaugural FT1000 ranking.

They offer a very easy to use peer to peer trading platform with very strong liquidity in all major sports markets, and as well as the sign up bonus offer you can lock in commission at just 2%. Sign up for a SMARKETS account TODAY!

Deposit & Withdrawals

The minimum and maximum deposit amounts vary depending on your chosen deposit method. The table below explains the amounts for each payment option. Visa debit card £/€10 minimum Solo / Maestro card £/€10 minimum Visa credit card £/€10 minimum MasterCard / Eurocard £/€10 minimum Neteller £/€20 min / £/€5k daily max Skrill £/€10 min / £/€5k daily max Bank Transfer £/€10 minimum.

The minimum and maximum withdrawal amounts vary depending on your chosen deposit method. The table below explains the amounts for each payment option: Visa debit card £/€10 minimum, no max Solo / Maestro card £/€10 min, limited to deposit amount. Visa credit card £/€10 min, no max MasterCard / Eurocard £/€10 min, limited to deposit amount Neteller £/€10 min, no max Skrill £/€10 min, no max Bank Transfer £/€20 min, no max.

Customer Service

Email: [email protected] Twitter: @SmarketsTech Live Chat: 24 hours a day, 7 days a week (Logged in users only, visit smarkets.com) Phone: +44 207 617 7413 (Customers only, 09:00-19:00) Post: 1 Commodity Quay St. Katharine Docks London E1W 1AZ United Kingdom

License Information

You can check out the SMARKETS gambling license here

Fractional and Decimal Fractional odds are exactly as its says on the tin…..a fraction. So lets take a price which is odds on, which might be 1/4 or one quarter. So If you put a bet on of 1 pound, you will receive back your one pound stake plus one fourth, so a total of £1.25 Decimal odds are quite straightforward to understand, as all you need to do is take the decimal number, lets say 34.0 and deduct 1 which would give you odds of 33/1. Of course as a betting exchange, SMARKETS use decimal odds, or ticks as they are well known in the trading industry.

Betting limits

At SMARKETS there are certain betting limits in place. The minimum deposit amount is £10, The minimum withdrawal is £10.

Types of bets

As a betting exchange SMARKETS caters for peer to peer betting across a wide range of markets

Sport coverage

SMARKETS covers a combination of 13 sports and current affairs events on which you can bet and trade on.

In-play experience

As a betting exchange SMARKETS offer a full range of live event and in-play betting across a full selection of sports, political events and speciality/novelty events.

Live streaming

SMARKETS does not currently show any live stream information on its’ site.

The SMARKETS website has a very unique look and feel to it. Being an exchange of course this is going to be different to a normal sports book. What they have done is to turn the site into a similar view to a traditional trading screen.

The site is very uncluttered and because of this is easy to navigate. Their is a single menu on the left side which can be opened by clicking on the hamburger menu (mobile menu icon) in the very top left corner. When you click this it will open a traditional left side menu like you can see on a traditional sportsbook.

The loading time of the page is ultra quick as you would expect on an exchange site.

At the top of the page in the main section you will find “Top Markets” which focuses on the big events happening righ now. And on the right side you will see a menu with “Popular Events” which makes it easy for a visitor to find major upcoming sports events and means you only have to make one click to get to a market.

One very nice feature they have is the ability to change the colour scheme of the site. The default is a “dark” colour scheme but you can click on the “more” tab in the top and change this to a “light” layout.

SMARKETS also has a na exceptional blog and a betting education portal which can be found in the footer section of the site

Being an exchange means that SMARKETS is offering peer to peer betting so odds are set by the users. However an exchange cannot have good odds if they do not have liquidity in their markets.

As an example, at the 2018 Cheltenham Festival the average difference across the fours days racing amounted to a 32% difference compared to industry SP (starting prices)

To put this into context, a horse that would have had an SP of 3/1 would have been averaging at 4/1 on the SMARKETS exchange. This really did provide SMARKETS customers with real value.

SMARKETS covers not only a wide range of sports but also current affairs and politics as well as novelty events as well. When we look at sports the main focus is very much on football and horse racing, and since Spring 2018 SMARKETS have been putting a large amount of sponsorship into the sport of horse racing.

In terms of football betting, you will normally see around 1000 events to trade on with matches from Europe, South America, Asia, Worldwide and from North/Central America.

As an exchange the main area of their business is of course the In-play markets with a wide selection of events. The In-play interface on a single event is so easy to work with and at the top of each event you have changing graphs and data to show you what is happening, this data also shows some very good trend information.

Below the main prices for the outright event result, you will find all the other markets that can be opened by clicking the white drop down arrow next to the title (clearly displayed in green) of each market.

SMARKETS currently only provide a Bet £20 get £10 promo. They do offer commission concessions on a regular basis.

Adding funds to your SMARKETS account is a very simple process. They offer the following options:

– Visa Debit
– Neteller
– Skrill
– Visa Credit Card
– Mastercard/Eurocard

The withdrawal process is also very easy with payment cards taking 1-6 days to receive your cash and E-wallets providing payments within 1-2 days.

You have to be a logged in and registered user to use the live chat function

Regulated in the UK by the Gambling Commission. Licensed and regulated outside of the UK by Malta Gaming Authority (MGA/CL3/492/2008 issued May 12th,2009).