Punters may be forgiven for thinking that there is only one betting exchange, but that simply isn’t the case. There are a number of alternatives to the original operator in this sector of the industry, and one of the most popular is Smarkets.
Smarkets Quick Overview
With some generous deals and rates on commissions, coupled with excellent pricing and a solid choice of markets, the company has been making great strides, and this Smarkets review is here to tell you why.
- Bonus offer: 1/10
- Mobile app: 1/10
- Cash-out service: 1/10
- Live streaming: 0/10
- Customer support: 2/10
- Banking options: 1/10
Key ChampionshipsChampions Leagues Europe League Premier League Serie A
Welcome Bonus Offer:
How Smarkets Football Betting Works
The Smarkets football betting platform offers the novelty of an exchange, but things have to go beyond that. For a sportsbook to attract our interest in signing up, they need to have a wide choice of betting options, starting with the number of leagues and teams that are on offer.
For punters in the UK, it’s a good idea to weigh up Smarkets exchange betting by looking at English footballing options. Here, we find that Smarkets stretch down to the National League South and while other operators may go deeper, that’s far enough for most bettors.
The next point for this Smarkets review to consider is the amount of betting markets that are listed. More and more punters want to look beyond the result and for a range of side bets that may contain a better value. This is, perhaps, an area that could be improved with Smarkets typically quoting 48 markets for the big Premier League matches. Other operators can list in excess of 100 but the good news is that all the popular bets are here. Correct Score, First Goalscorer, Both Teams to Score and Total Goals are all here and that’s enough for most punters.
In terms of odds, because this is an exchange, you can often find much better prices from the Smarkets football betting than you would at the traditional sportsbooks. It’s easy to compare these figures and overall, those generous football betting odds add up to a positive section of this Smarkets review.
|England||Popular International Championships||Specials & Highlights|
|Premier League||EFL Trophy||Champions League||International Awards|
|The Championship||Vanarama League||Europa League||Manager Specials|
|League One||National League||World Cup Qualifiers||Transfer Specials|
|League Two||National League North||Copa Libertadores||Power Prices|
|FA Cup||National League South||African Cup of nations||Special Price Boosted Accas|
|EFL Cup||-||UEFA Nations League||-|
How Easy Is It to Register?
Nobody wants a complicated and lengthy registration process these days, but just how easy is it to get on board with Smarkets? Things start nicely as the link for sign up is easy to find so just click the green ‘create account’ button on the top right and you can get started.
From there, there are three steps to complete, but they operate slightly differently from most sportsbooks. Firstly, your basic details, including your account preferences, are included in the first form. Complete that and you then enter all of your contact details in the second section. Finally, the site will take you to the cashier to make a first deposit and you can then get off and running.
Verification may be required at a later date so remember to keep some electronic scans of your ID, but that is a simple process and you can start playing with the Smarkets football betting programme in a matter of minutes.
Can I Expect Some Generous Bonuses and Promotions?
This is a crucial area of our Smarkets review because we would like some decent offers and bonuses to add to the value provided by those competitive odds. The first point to note is that the Smarkets sign up offer has been known to change quite regularly so be sure to check the Smarkets promotions page to check that the information is up to date.
As of the 2019/20 season, the welcome deal here offers the chance of a free bet every week. Subject to the terms and conditions which are laid out in full and easy to follow, customers can make at least 5x £10.00 qualifying bets on five different Premier League games and a £10.00 free bet will be offered for use the following week.
There is no Smarkets promo code to input, and this is a simple deal to follow. The company doesn’t tend to list too much in terms of ongoing offers but remember that Smarkets exchange betting is subject to just 2% commission and this is a very small level within this sector of the industry.
|Bonus||Description of the bonus||Min Deposit||Get the bonus|
|Welcome offer||£10.00 free bet when you place 5x £10.00 Qualifying Bets on Premier League games||£10||Not Verified|
|Price Boosts||Regular Price Boosts||-||Not Verified|
How Do I Deposit and Withdraw to My New Smarkets Account?
When you want to add funds or withdraw some profits from your Smarkets UK account, the process is quite simple, and there is a good choice of methods. Some might argue that other companies list a wider set of funding options but all of the major operators are here so there should be enough for everyone.
It starts off with bank transfers and Smarkets also have access to all of the major debit and credit cards. The presence of PayPal is a real positive as this is the biggest of all eWallets, but it is only available in GB and Ireland. Apart from these methods, you can also gain access via Skrill, NETELLER and Trustly.
All transactions should be instant with the exception of bank transfers which could take up to five days.
|Payment Method||Deposit Processing Time||Min. Deposit||Withdrawal Processing time||Minimum Withdrawal|
|Credit / Debit Cards||Instant||£10||48 hours||£10|
|Bank transfer||Up to 5 Days||£10||Up to 5 Days||£10.00|
Is It Easy to Place a Bet?
We’ve found during this Smarkets review that the company likes to do things a little differently at times and that ethos extends to the betting process. Kicking things off is very easy however, so just log in to the site, find the match and market that you want and consider the prices.
Find some odds that you like and click on them: Instead of the betslip opening on the top right-hand side as you might expect, it will now appear under that match. From this point, simply type in your chosen stake and confirm. You can, of course, add further matches if you want to create some multiples.
Therefore, while it’s a little unconventional, the betting process on the Smarkets football betting platform is a simple one and will hold no problems for any customer.
Does Smarkets Offer Live Betting?
There is a set of live Smarkets football betting options, and these are accessed on the left-hand side of the home page. Unlike many operators, this company does not have a big icon at the top so while live betting is tricky to find, it is here if you prefer this option.
The list of available events tends to cover the big leagues within football. There is less of an emphasis on the lower leagues so if you want to go down the soccer pyramid, that may not be possible here. However, the big games are all covered with that same wide list of markets, and great Smarkets exchange betting odds so there definitely is a place to play here.
At present, there is no live streaming, but this may change in the future.
Most Popular Live Football Bets
|1X2||Both Teams to Score||Next Goalscorer||Total Goals Over / Under|
|Anytime Goalscorer||Total Goals Exact||Correct Score||Winning Margin|
Does Smarkets Offer a Native Mobile App?
Whether you bet in the live markets or their ante-post equivalents, you will want to be able to access an app that will give you greater flexibility. At Smarkets, there is a native app and it provides the same functionality and ease of use that you get from the main site.
You can use the same login details to access the app, and if you are using the site for the first time, you can even register here and enjoy all of the regular Smarkets promotions. It’s really just an extension of the main site, slimmed down into mobile form, and the app offers that flexibility to place a bet, no matter where you happen to be in the world.
Explaining Security and Licensing
Smarkets publish an About Us page which goes into great detail about the company history, but we need to know a little more about their licensing. Right at the very bottom of the page, it shows that the company head office is in London while the relevant licenses are held in UK.
The company employs 128 Bit SSL technology and that safeguards you and all of your personal details. It’s a little hard to find this information, but the details tick all of the boxes and there are many essential plus points to this part of the Smarkets review.
A Run through of the Customer Care Facilities
If you need help when playing at the Smarkets football betting platform, then this is another area which is actually quite hard to pin down. Instead of having an obvious contact button, you have to click on a tiny question mark - ? - at the top of the page. On a more positive note, this will open up a bigger page where everything is explained in much better detail.
There are some guides to frequently asked questions, and while not everyone likes to use these, they are very comprehensive. Alternatively, if you click the contact button within this section, you have three options which are telephone, email and live chat. It is a fast and effective service but as part of this Smarkets review, we would prefer it to be easier to find.
If you’re faithful to the traditional betting exchanges, then you may be getting a good deal, but you should always look for alternatives. Smarkets are a market leader for two very simple reasons - their odds are high, and their commission is low.
When you add in a great Smarkets sign up offer you should start to realise why many are switching to this operator. This Smarkets review has highlighted on some small areas of the infrastructure that could be overhauled, but the majority of this message is a positive one and it’s easy to sign up and see for yourself.
Frequently Asked Questions
⚽Q: Can I still use Smarkets as a traditional sportsbook?
💬A: No, this site is specifically set out for Smarkets exchange betting, and there is no option to use traditional sporting odds.
🔑Q: How do I register?
💬A: Please refer to the registration process, which is outlined in full, higher up this page. It’s one of the easiest to follow, and you should be up and running in just a few minutes.
💳Q: What Methods are there for Deposits and Withdrawals?
💬A: You can use bank transfers, debit and credit cards, plus Paypal, Skrill, Neteller and Trustly
||110+||Up to £100* in bet credits||
|Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. #AD|
||100+||Up To £30 in Free Bets||
||80+||50% deposit match up to £50||