Smarkets Review
Smarkets are relatively new to the online betting scene, but are making a name for themselves as one of the UK’s top betting exchanges.
Pros
Incredible odds setting
Some of the best odds around
Excellent range of exchange markets
A wide variety of in-play betting options
Legal Info
Established in 2008
Jurisdiction: United Kingdom
Address: 1 Commodity Quay St. Katharine Docks London E1W 1AZ United Kingdom
Features
Current Affairs selection
Odds Format: Decimal, Percentage, American
Additional Info
Mobile Android App available
Customer service 24/7 available
Licence: the UK Gambling Commission and the Malta Gaming Authority
Overview of Smarkets
The concept of betting against other players is not a new one and is associated with betting exchanges. What is new is the concept of the players trading odds and prices amongst themselves, setting the rules themselves, and in essence creating a self-governing community themselves. It was in 2008 that Hunter Morris and Jason Frost conceived the notion and started writing the code to make it happen. The result is Smarkets and it is definitely a worthy addition to the best online bookmakers that our VIP-IBC platform brings to our clients.
The headquarters is located in London, England, and the premise is completely based on cutting-edge underlying technology around the betting algorithms that allow the players to participate in a completely radical way of placing bets.
BET-IBC and Smarkets
Let’s begin first with a number that indicates the acceptance amongst the bettors. 415 million pounds Sterling. This was the gross amount traded just for the World Cup 2022. The second aspect to consider is that the operators of the service do not participate in the dealings between the players.
Usage
On the usability front, as aforementioned, the coding behind the site is completely proprietary and works lightingly fast, despite the extensive options that clients have access to. For smartphone and tablet users, there is a downloadable app for Android. That being said, the site is quite mobile-friendly and can be accessed through simple browsing.
Special features
Searching around the menus, people will find a selection labeled “Current Affairs”. This is a betting category of its own and has to do with non-sporting events worth a wager, like the question of whether self-driving cars will be allowed in the UK, and others.
Every online betting house must be evolving according to the needs of its clientele. Under this premise, a fixed-odds sportsbook under the name of SBK was also released in 2019. The general impression of the odds that people find, can only be described in terms of industry disruption.
Smarkets Betting Portofolio
As Smarkets is one of the largest and most active betting exchange in the world and have good liquidity throughout their different markets. These are:
American Football
Australian Rules
Baseball
Basketball
Boxing
Cricket
Current Affairs
Cycling
Darts
E-sports
Golf
Greyhound Racing
Horse racing
Handball
Ice Hockey
MMA
Motor Sports
News and politics
Rugby League
Rugby Union
Tennis
Snooker
Table Tennis
TV and Specials
Sign Up Process
To acquire a Smarkets account, please complete the registration form online with the necessary information. You will be contacted via email with further instructions by our Support team.
Customer Service
- 24/7 SUPPORT AVAILABLE
Easily get in touch in over a dozen languages
Do you have any questions about Smarkets? Our support team is available 24/7 to assist you, please contact us through Live Chat from our web page, Skype (id: help.bet-ibc) or by email at support@bet-ibc.com and we will be happy to respond to all of them.
Smarkets FAQ
Smarkets is a betting exchange where users bet against each other, rather than a traditional bookmaker. This allows for better odds, more flexibility, and a transparent market.
Yes, Smarkets is a licensed and regulated betting exchange. They prioritize user safety and security, employing measures to protect personal and financial information.
The company focuses on delivering great prices and products to bettors. Everything about Smarkets is built around this core foundation.
Users can either "back" an outcome (bet that it will happen) or "lay" an outcome (bet that it won't happen). You can set your own odds or accept those offered by others. It's similar to a stock exchange but for betting.
Smarkets charges a commission on net winnings, which varies depending on your activity and location. There are no fees for losing bets or for deposit/withdrawal. However, using bank/e-wallets might incur a fee from your bank.
Smarkets offers various payment methods, including debit/credit cards, bank transfers, and e-wallets. Deposits are usually instant, while withdrawals may take a few days depending on the method. Signing up for a Smarket account via BET-IBC enriches the list of payment options at your disposal. For instance, you could deposit using cryptocurrencies.
Smarkets offers a very wide range of betting markets, including sports (football, horse racing, tennis, etc.), politics, current affairs, and even entertainment events.
The minimum bet on Smarkets can vary depending on the market and event. However, it is generally quite low, allowing for flexibility for both casual and serious bettors. You can bet as little as £0.05 on some events.
Yes, Smarkets provides customer support through live chat, email, and an extensive help center with articles and guides.
Yes, Smarkets offers a mobile app for both iOS and Android devices, allowing users to bet and trade on the go.
Smarkets stands out due to its peer-to-peer model, better odds, low commission, wide range of markets, and user-friendly interface. It's a great option for those seeking a transparent and flexible betting experience.
The Bottom Line
Playing against a bookmaker and winning offers its own rewards. Betting against other players is far more exhilarating. Managing the space where the trading is done, and being a part of setting the rules, can only be described as monumental. You can partake in this making of history if you open an account with the best betting software.
Terms & Conditions Apply