Smarkets Full Overview

Smarkets Review

Smarkets is a brand known for integrity and security when it comes to online betting. Smarkets base their platform on the principles of financial trading integrated into the online betting industry to make the experience for customers better and more secure, making the overall gaming experience more fun for its players.

Smarkets Exchange – What it is and How does it work?

The Smarkets exchange, just like any betting exchange, offers a wide range of betting opportunities for people. Aside from the usual sports betting markets, Smarkets also offer other betting opportunities that you won’t usually find in the regular betting exchange. Users can also bet on political events such as elections or even awards events like the Grammy’s and such.

What makes Smarket’s system unique would be its peer to peer exchange system which makes the transactions safer and secure. It also means that transactions are faster because of the peer to peer feature which eliminates all other information blockages in between.

Registration

Register here

Website Review – Design and Layouts

The website has a very modern design that is very interactive and very easy to navigate. Unlike most online betting websites, this one is not very cluttered and also makes use of slide features so that you don’t have to be redirected from one page to another too many times. It is also very spacious, so it doesn’t look painful to the eyes.

The layout is also excellent and very user-friendly. The betting markets can be found in a slide button to the left. Your log in options can be found on the right along with the popular events. Lastly, your top markets can be found in the middle. Everything else is located in the bottom part of the page. Everything is appropriately arranged which makes it an enjoyable and organised website. Features would make it interactive for the best user experience.

Sports bettings

Sports-betting in Smarkets is quite limited, but they do cover all the favourite sports. Some of the popular games would be horse racing, football, baseball, cricket, rugby, and cycling. They also offer other sports such as tennis, boxing, motocross racing, cycling, and rugby leagues. Basically, all of the major sporting events are covered by this website.

As for the odds, Smarkets would make use of collective knowledge and bets of the traders in the market. To base its odds the bookmaker is using the numbers suggested by the participants themselves. Smarkets also have access to in-depth market data which would help present higher winning odds. So far, their odds have been mentioned by several media companies like BBC, Bloomberg, and Financial Times.

Bookmaker Comparison for Smarkets

In-Play (Live betting)

The In-Play mode of Smarkets would feature live betting which allows you to bet while the event is going on live. The In-Play mode of the website would show the games or other events that are live now. If you want to take part in one of them, this feature will allow you to. You can choose which team or side you want to bet on, and you can also see the odds of the winning side. You can also decide on how much you want to bet.

Horse Racing and Greyhounds

Smarkets would provide many horse racing markets that you can bet on. There is a vast amount of races or events that you can bet on with many players that you can also choose from. Smarkets will also show you the odds of winning per player so that you can have an idea on which ones players are betting on. The site will also calculate some possible returns that you can get as well as the liabilities that can be obtained by choosing a particular player.

As for greyhounds and dog racing, Smarkets does not provide betting markets for greyhound and dog racing. The only racing events that Smarkets would offer is horse racing.

Cash-Out Option

The Smarkets’ cash-out option is known as the trading out. The process of trading out enables you to cancel out a previously made bet that didn’t go your way. This can help you reduce your liabilities and also helps you lock in profit even if it’s a small one.

Basically, the trade out function comes with a specific button that allows you to get a profit already or cut your losses early in the event so that your losses won’t be so significant. However, you may only activate the trade out button when you have matched bets on a contract, if there is an adequate amount of volume on the market, and if your exposure is higher than £0.

Upon clicking on the trade out button, a form will pop up with all the details on your deal. Once you have filled out the information, then you will be shown a confirmation step which will allow you to confirm after.

Payment methods

There is a total of seven payment methods that you can use to deposit your money into your account. These seven payment methods all have their own distinctive fees and transaction entry time. These are the visa debit card, MasterCard debit card, Visa credit card, MasterCard/Eurocard, Neteller, Skrill, and bank transfer. For visa debit cards, there are no fees, and the money is deposited instantly. You are allowed a minimum deposit of £10. The same goes for the Solo/Maestro card debit card.

For visa credit cards, you will be charged a fee of 2.5% of the transaction and the money is deposited instantly. You are allowed a minimum deposit of £10. The same goes for a MasterCard/Eurocard credit card.

For Neteller, there are no fees, and the money is deposited instantly. You are allowed a minimum deposit of £20 and a max of £5k per day.

For Skrill, there are no fees, and the money is deposited instantly. You are allowed a minimum deposit of £10 and a max of £5k per day.

For bank transfer, there are no fees, and the money is deposited within 3 to 5 business days. You are allowed a minimum deposit of £10. The same goes for the solo/Maestro card debit card.

• Deposit Methods
• Withdrawal Methods

Payment Method	Deposit Minimum	Deposit Maximum	Time for Deposit
Visa	£10	depends	Instant
Maestro	£10	depends	Instant
Solo	£10	depends	Instant
MasterCard	£10	depends	Instant
Neteller	£20	depends	Instant
Skrill	£10	depends	Instant
Trustly	£40	depends	Instant
Bank Wire Transfer	£10	depends	3-5 days

Payment Method	Withdrawal Minimum	Withdrawal Maximum	Time for Withdrawal
Visa	£10	no max	1-6 days
Maestro	£10	limited to deposit	1-6 days
Solo	£10	limited to deposit	1-6 days
MasterCard	£10	limited to deposit	1-6 days
Neteller	£10	no max	1-2 days
Skrill	£10	no max	1-2 days
Trustly	£40	no max	5-10 days
Bank Wire Transfer	£20	no max	1-2 days

Affiliate program

Smarkets has a three-step sign-up process that allows you to become an affiliate member and earn some substantial commissions. Basically, you just need to follow three simple steps to sign up: Apply, Approve and Earn.

First, you need to apply by visiting this link: smarkets.com/about/affiliates/

From there, you will see a button that says Apply To Be An Affiliate. Follow the instructions on that page, and you’ll be able to apply. Next, you have to wait for the approval of Smarkets before you can proceed to become an affiliate. Smarkets is quite particular with who becomes an affiliate, so you will first have to be screened. Once your application has been approved, then you can start earning through referrals. You will receive commissions based on the amount of money that your references have paid to make bets in Smarkets.

About Smarkets

Smarkets is known as a betting exchange that offers to trade for sporting events, political events, and much more. Founded in 2008, the founders consisted of a small group of finance professionals and software developers lead by their current CEO, Jason Trost. With their knowledge both in financial markets and also in program development, they were able to make an innovative version of online betting.

With the core mission of providing an honest and superior platform for players, the system aims to process hundreds of transactions in just seconds. Being open to all the major sports markets, Smarkets offers very competitive odds that were even mentioned by BBC and Bloomberg.

Customer care

For customer care support, there are typically six ways that you can get in touch with the customer support team. The first would be through email which is the most common way. Smarkets also allows you to reach the support team on Twitter if you are more often than not on your social media accounts. Another would be through live chat which is probably the best option of the six since it allows you to get in touch with the customer care team right away. However, this feature is only available for those who are already logged in. This means you have to make an account. Another would be through their phone line which is only available between 09:00 to 19:00. Lastly, there would be the mailing post option wherein they will provide an address where you can mail them.

In the website, they have very accessible and very efficient customer care representatives. One of the unique features of this website would be that you can contact the customer support team through Twitter, which is something that a lot of betting websites don’t offer. The only downside of the customer support of Smarkets would be that their chat services and the phone services are only for those who have already registered with the website. This would discourage those who are from different countries and want to make inquiries quickly. Other than that, their customer support is very efficient and also very effective.

Contacts

As stated above, there are several ways to get in touch with Smarkets. These ways are through email, on Twitter, through live chat, by phone, or through mailing. Below are some of the details:

• Email Address: [email protected]
• Twitter Name: @SmarketsTech
• Phone Number: +44 207 617 7413
• Mailing Address: 1 Commodity Quay, St. Katharine Docks, London, E1W 1AZ United Kingdom (see the location in Google Maps)

These are some of the ways that you can be able to get in touch with the customer team of Smarkets.

Final Verdict and Rating

Overall, Smarkets would receive a full rating of 9 over 10. The first thing to take note of would be the registration. As a whole, the registration is effortless and does not require you to fill up too many forms because customers in general hate are filling up long forms for signing up. Another thing to take note of would be the security features that it offers to clients. Smarkets, a whole, already has a good reputation when it comes to security and integrity so that in itself is a plus for the company. It also helps that media channels also feature their odds. Just like all the other betting websites, you also need to submit a copy of your proof of identity and proof of address for security purposes so that you won’t fall victim to identity theft. Smarkets also offers a very easy to recover your password just in case you lose it. So security has already been covered.

Next would be the website functions and the layout. One of the best things about the layout and design of this website is that it’s clean and straightforward. Unlike most betting websites that are very flashy and quite cramped, this one uses a more minimalist approach to design which makes it a breath of fresh air. As for the functionality of the website, it doesn’t make use of too many page redirections because people value webpage speed. The bookie has incorporated sliding functions so that people can access its information quickly and easily.

For their bonuses, they offer a generous sign-up bonus that allows new customers to cover their first loss if they would already put in the initial deposit in their account. This is a good bonus that would definitely attract a lot of potential customers to the website. They also have a very good cash-out option if you want to exit a bet that you’ve already placed money on while the event is still going on. This would allow you to cut losses or just gain a small profit so that you don’t need to lose too much money on the bets.