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5 / 5
Currency
USD - $, CHF - CHF, SEK - kr, PLN - zł, NOK - kr, YEN - ¥, HUF - Ft, HKD - $, euro - €, DKK - kr, CZK - KĿ, CAN - $, GBP - £, AUD - $,
Deposit Options
  • Visa Debit
  • Visa
  • Solo
  • Skrill - Moneybookers
  • Neteller
  • MasterCard
  • Maestro
  • Bank transfer
Withdrawal Options
  • Visa Debit
  • Visa
  • Solo
  • Skrill - Moneybookers
  • Neteller
  • MasterCard
  • Maestro
  • Bank transfer
Languages
English,
Excluded Countries
United States of America, Turkey, France,
Gaming License
Review Updated: Jun 20, 2016

Smarkets Review

Players from United States Accepted Flag United States

Overview

With a rewarding sign up bonus, it’s no wonder people are saying that the smartest decision they’ve ever made was registering for a Smarkets account. What sets it apart from competing sportsbooks though? Since it is a betting exchange, you won’t be playing against the bookie or the one who sets the odds. Instead, you’ll find yourself in a battle of wits and skill against other people. Smarkets can also be likened to a trading platform where players can set (and bet on) their own odds. The betting exchange is operating under a license issued by the Malta Gaming Authority to Smarkets (Malta) Limited.

Bonuses & Promotions

Unlike online most casinos and sportsbooks, the only bonus/promotion available for newly registered bettors at Smarkets is its Welcome Bonus. In order for you to qualify for this, you’ll need to make sure your initial deposit amounts to at least £20. The betting exchange will then match 50% of the total amount up to £10. The bonus really isn’t that impressive but then again it’s really not as important as the bonuses you’ll get from an online casinos. The reason for this is that winning in betting exchanges require analysis more than luck (more on this later).

Banking

One of the areas where Smarkets is a lot like its competitors is with its supported payment methods.If you want convenience, the betting exchange allows you to use your Mastercard, Solo/Maestrocard, and Visa debit/credit cards to fund your accounts. In the event that you’d rather use alternative payment methods then you’ll be happy to know that it also supports deposits through Skrill, Bank Transfers, and Neteller. Depending on the payment method used, the minimum amounts for deposits usually vary (£10 for debit/credit cards and £20 for the rest). On the other hand, most of the supported payment methods don’t impose any limits for withdrawals (except Mastercard credit/debit cards).

Bet on Sports

Smarkets covers both popular and niche sporting events. You can choose to bet on matches from sports such as Football, Tennis, Volleyball, Golf, and Basketball. It also covers not-so popular sporting markets like Handball, Rugby, Ice Hockey, and Cricket. You can even bet and set odds for Political Events (elections, referendums) and Current Affairs. Regardless of the sport or political event, what’s important is that you’re able to make the odds work in your favor by analyzing factors that might affect the outcome.

Loyalty Rewards & VIP

You might want to look elsewhere for a VIP or loyalty program because these aren’t available at Smarkets as of the moment. Does this mean that you should stay away from this betting exchange site like it was the plague? Definitely not! As mentioned earlier, you’re not going to need fancy bonuses or VIP/loyalty programs if you become a member of this betting exchange. If you’re good at setting odds and you continuously win bets then you’ll likely get more than the paltry bonuses and perks you’ll receive from an online casino’s loyalty program. Also, you can also earn sizable commissions from promoting Smarkets through its affiliate program.

Customer Service

For concerns related to your account or with the betting platform, you can get in touch with the Smarkets customer service team through its email address: [email protected] You might also want to get in touch with them via their hotline number: +44 207 617 7413. Aside from these conventional customer support channels, you could direct your queries/questions to the Smarkets social media team. All you need to do is to send out a tweet or a DM to @smarkets on Twitter. No matter what support channel you use to get in touch, you can always expect the Smarkets customer support team to assist you in a genuinely friendly manner.

Join Smarkets Now

The e-gaming industry is constantly changing and evolving. It might not be long when sportsbooks go away in favor of innovative options like betting exchanges. Instead having bookies set them, it’s going to be people like you who determine the odds for your favorite sporting and political events. If you want to experience this kind of future then register for a Smarkets account now. Although the sign-up bonus that it’s offering isn’t that sizable of an amount, it should still be enough to help you have a feel of the betting exchange platform and the kind of money that you can win from it.

Disclaimer: Know your limits when gambling. If you have a problem with gambling ask us for help.