This article will give you all the essentials you would need to decide if you want to try out Smarkets' exclusive Promo Code.
Sign up now and get £10 bonus credit to use on Smarkets. T&Cs apply.
Table of Contents
- 1 Smarkets Promo Code 2020
- 2 Quality of Platform
- 3 Top 3 Alternatives to Smarkets
Smarkets Promo Code 2020
- Winter Premier League Promotion – £10 each week
- 0% Commission – for Smarkets Premium customers only
- Raceday ticket tombola – win a pair of tickets for a Smarkets-sponsored race day
How to Register with the Smarkets Promo Code
The registration process is easy, and you will have no trouble following the steps.
In the first step, you can see the basic registration panel where you have to enter the following details:
- Date of Birth
- Referral/Promo Code
The last part is essential because you won't get any of the benefits of the welcome offer for new customers if you don't enter the code. Before you can continue to the next step, you will have to accept the terms and conditions and check the “I am 18 or older” box.
The second step of the sign-up process is consisting of giving your details:
- Full Name
There is an automatic and a manual option for the address. If you choose the manual option, you will have to enter the full address, and if you select the automated one, you can use location services.
The final step of the process is the “Deposit” one. Smarkets will ask you to fill out your payment information and make the first deposit. Keep in mind that there is a minimum deposit for each payment option — more details on that you can find in the rest of this article.
Smarkets Bonuses & Promotions
Smarkets is a popular name in the online betting exchange industry. They may not have the popularity or history of Betfair, but they still managed to process over £5 billion in trades since they went public.
The online betting exchange offers exciting promotions that might get your attention. Their welcome bonus is prevalent and attracts many new customers. Their trendy Winter Premier League promotion was quite popular during the holidays, but unfortunately, it will end very soon. Here is what they currently offer:
Raceday Tickets Tombola
The Raceday tombola provides up to five pairs of tickets for a Smarkets-sponsored race day event.
The things you need to know before you try this promo out are:
- It's available to residents of the UK and Ireland above 18 years old.
- The giveaway begins two weeks prior and ends two days before the start of the event.
- To enter the tombola, send a direct message (DM) to Smarkets on their Facebook/Twitter platforms containing the relevant competition code.
- If you win, you will be notified via those same platforms or e-mail.
- There are only five pairs of tickets available each race day.
£10 Welcome Offer
This alluring welcome offer gives you a £10 bonus, but you have to follow the instructions below, and don't forget to enter the Promo Code in the registration form.
- You must deposit a minimum required amount (£20, or currency equivalent) in a single amount.
- If you wish to withdraw, you have to bet a sum equal to the minimum deposit amount on any market first.
- You have to deposit via card or bank transfer to qualify for the promotion.
- The bonus will expire within three months of your first deposit.
0% Commission Promo
There are three 0% commission offers that are available for Premium Profit Maximiser, Oddsmonkey, and Profit Accumulator users.
To get this promo, you must manually opt-in from the promotion page. After you do that, you have to place a bet using Smarkets or OddsMatcher. If you don't wager every day or have to pause your wagering for a while, you can still keep the promotion active if you wager at least once a month. Another important fact is that you can't use e-wallets in conjunction with this offer. It will be available until 31st March 2020. Note that Profit Maximiser, Oddsmonkey, and Profit Accumulator users have to opt-in from different pages, so be careful and check if you are on the right page before you opt-in.
Refer A Friend
Both you and your referred friend can get a £10 Bonus. Be sure to follow the terms and conditions carefully.
Be sure that both you and your friend don’t use e-wallets (PayPal, Skrill, Neteller) when depositing, and both of your accounts are fully verified before you start to wonder where your bonus is. Also, both users must place a deposit on any Smarkets greater than or equal to £20. Once you receive your bonus, any loss on both accounts will be refunded if it is up to £10. Another important fact is that one account can only refer up to fifty friends. But the good thing is that you will get this £10 bonus for each new customer you recruit.
Frequently Asked Questions
Q: Can I play through my mobile browser?
A: Yes, you can. All you need is the browser to be the latest version. If it is not once you log on to the Smarkets website, you will see a black screen with the update you need to make. We recommend using Google Chrome for the optimal experience.
Q: What is the Watchlist?
A: It is a unique feature that allows you to keep all your favorite events in one place for easier access.
Q: What do “Bid” and “Ask” mean?
A: “Bid” and “Ask” refer to when no one made a bet on the market for you to match yet. You can either wait for someone to place a bet so you can counter them or place the bet yourself.
Q: What is “Trade Out”?
A: Trade Out is a feature that allows you to cut your losses or lock in a profit. Essentially, it is the same functionality as “Cash Out” is for bookies.
Q: What is “Fill or Kill”?
A: This is a feature that allows you to avoid partially matched bets. If you select this feature and your bet isn't fully matched, then it will be automatically canceled.
Quality of Platform
Smarkets has a delightful platform that attracts many customers. Their desktop and mobile website and both if their apps are beautifully designed and easy-to-navigate. Find out more about the platform below.
The website and both apps are designed with a dark theme and a trendy layout. You can change the colour of the theme in the settings on the top bar next to the language flag. The top bar is also reserved for the search bar, login/sign-up button, help resources, and language settings.
On the left side of the screen, you can see the slide menu, which holds the sports categories and other quick links you would find helpful. On the opposite side lay the popular events section which is full of the latest trends in trading.
Smarkets offer us a range of sports that satisfies the average customer. Their most popular picks are:
- Horse Racing
Another popular category that people love to wager on is Politics, although it isn't a sport. Smarkets offer other possibilities, such as less prevalent sports too. They cover everything from Golf to MMA and Snooker.
Smarkets Odds and Commission
This is what we are all here for – the information that will probably tip the scales of your decision about whether to sign-up to Smarkets or not. If we are honest when it comes to exchanges, the odds are what you make them – literally. With exchanges, you bet against other customers, not a bookmaker, so you choose the odds. The possibilities are endless, so check out Smarkets for yourself.
The commission they charge is the standard 2% on all winnings. They do offer promotions with 0% commission, so be sure to check those out. Also, there is a chance for some high rollers to graduate to the 1% commission tier, but for that, you need to place a lot of bets. For more info, check the Smarkets Help Center.
Customer Support Quality
The Support Quality category is maybe the one thing that Smarkets excels in. They not only have an innovative Help Center filled with all kinds of FAQs, but they also run an official Community Forum where users can talk amongst themselves and converse about current events, markets, and other general stuff. You don't need a new account to log on to the forum, and you can use your Smarkets login. Once you are logged in, you can edit different preferences, such as profile photo or username.
Alongside these unconventional ways to get answers to common questions, you can always contact the Smarkets support team directly. You can do that a couple of ways:
- Phone Number
- 24/7 Live Chat
There are a few payment options that you can find on all of the online exchange platforms, so you will probably be familiar with them. Below you can view the two tables with the processing times and limits. There are no fees for these transactions, but if you see that you are charged a price, you should contact your bank because Smarkets doesn’t charge fees.
Min – Max Limits
3-5 Business Days
Online Bank Transfer
£20 min – £200 daily max
£10 min – £5,000 daily max
£10 min – £5,000 daily max
Min – Max Limits
1-6 Business Days
1-2 Business Days
1-2 Business Days
1-2 Business Days
£10 min – £5,500 max
1-2 Business Days
1-2 Business Days
Smarkets mobile features are one of the company’s greatest assets. They offer not only a mobile site but also a high-end mobile app. Read more about them below:
A mobile app is a popular option that many users choose because it lets you play from anywhere. There are versions for both iOS and Android devices. You can get them on the official App Store or Google Play. For residents outside the UK and the Republic of Ireland, the download process for Android devices is a little bit different. They have to go on the official Smarkets website from their mobile browser and download the Android.APK file instead of using Google Play. After you download and install the app on your mobile device, you can enjoy all the available features you would typically see plus a few mobile-exclusive features.
The Smarkets mobile site is just as easy-to-use and compact as the app. If you are using an older version of your browser, it will be detected once you open their official site. The site design is identical to the desktop version but smaller and it adapts to any size screens.
Our Honest Review
Smarkets is a reliable online betting exchange that offers so much more than only trading. They have so many cool features that make wagering less stressful and help us organize and navigate through the tons of information we have available.
Their most notable feature, in my opinion, is the Community Forum – a place where all the customers can speak out about bugs and other concerns openly and discuss them with other users. What we didn't like about Smarkets is that although they say they offer a light theme, once you pick it, the difference isn't that big, the main menus are still dark and unreadable sometimes in specific lighting.
In the promotions, commission, and other categories such as Customer Support and Mobile App/Site, they simply said excel.
Top 3 Alternatives to Smarkets
- Betfair Exchange – this company essentially created the exchange, so they are a definite number, one opponent, to any online betting exchange. They made the playbook that Smarkets and other exchanges play by, so they will always be the best out there.
- Matchbook – Matchbook is a reasonably new exchange compared to Betfair or BETDAQ, but they introduce many innovative ideas and positively promote the industry.
- BETDAQ – this exchange is famous for its 0% commission on individual popular sports such as Football and Racing. What also helps is to be the second-largest exchange in the world and have an established and trustworthy history.