Some of you might be wondering how come we put Smarkets as number 1 betting exchange instead of Betfair. Smarkets now have almost the same liability as Betfair on major events, especially in football, major USA sports and horse racing. Smarkets has the same if not even better odds on major events. Smarkets offers more sports and markets every time we enter their site. Finally, Smarkets commission is ONLY 2% flat rate, compared to Betfair's 5% which makes them so much more appealing for customers that plan to use betting exchange in the long term. This means that on every 100 pounds won on Smarkets, you get 3 pounds more than on Betfair. If you become an expert in online betting and your yearly rollover on betting exchange is counted in tens of thousand of pounds or even hundreds of thousands, then these 3% of extra cash becomes serious money. See bellow detailed Smarkets review.
Smarkets Restricted Countries, Banking and Security
Smarkets holds 2 major betting licenses, UK and Malta license. This means that they accept customers from most countries. Restricted countries are: Australia, France, Hong Kong, Switzerland, China, South Africa, Denmark, Czech Republic, Belgium, Turkey, the United States, Italy, Portugal, Russia, Belarus, Ukraine and Kazakhstan.
Smarkets don't charge fees for deposits or withdrawals unless you use Bank Transfer as withdrawal method. Transfers are usually very fast due to the fact that on betting exchanges you don't make money from “The House”, but from other betting exchange users. Therefore, betting exchanges will not double check your withdrawals for days, deny payments, stall you until you continue spending your money or try similar tricks.
Smarkets Sports Betting Bonuses
Betting exchanges in general don't offer welcome bonuses at all or in similar amounts like bookmakers do. Find out which bookmakers offer biggest sport betting bonuses.
Smarkets however offers a simple 10 pounds welcome bonus that comes once you register and deposit at least 20 pounds. So, their welcome bonus comes in a form of automatic £10 free bet that can be used on any market you want. Check more detailed explanation how to use their Welcome Free Bet.
Smarkets Review - Sportsbook
It's not common that we review betting interface of any bookmaker due to the fact that most bookmakers and betting exchanges have similar interfaces (in terms of functionality, design, features and usability). But, we are really impressed how Smarkets interface is simple and functional. It allows you to place bet within a second, which can be important if you are trading horse racing odds. Price and liability are updated automatically as soon as changes occur and browsing though menus is made very fast and easy to use. This gives them a small but important advantage over other betting exchanges.
- Smarkets Pre-match
Pre-match and live odds often come near to perfect 100% on most major events. This means that once, you in calculate 2% margin, you get the best possible price on planet. Number of pre-match offered sports and markets increases as Smarkets gets more popular. Major sports are Football, Tennis and Horse Racing where liability (volume able to be matched by other punters) is great. Major USA events also attract a lot of money.
- Smarkets Live
Live betting in Smarkets is developing nicely, meaning that ever more events are offered in live. Odds often go up to 100% even on minor football. Stakes that can be matched are up to 10 K pounds per bet. Liability on Smarkets is comparable to Betfair and can sometimes even exceed in total volume.
Smarkets Sportsbook Features
There aren't many special features on this betting exchange. Smarkets is made purely for sports trading. But one feature worth of mentioning is their Betting education blog with articles that can teach you how to use betting exchange in the right way step by step.
Smarkets Review Conclusion
Smarkets is highly recommended betting exchange for professional sports traders. Unfortunately, there you can not enjoy watching live stream or using cashout option, instead, they give best odds available and low commission rate incorporated in flawless interface. From our experience it is the ultimate betting exchange currently.