Smarkets review by real Players

https://ajax27.com
Germany
4.5
  • Support
    5
  • Payment
    4
NEW
Share

Better than 3 stars!

I've been using this site for years and had a perfect experience every now and then. Occasionally, I needed help and the staff were great and money appeared in my account the day after a withdrawal.

Germany
5
  • Bonus
    5
  • Support
    5
NEW
Share

Great!

I have been using many different exchanges/betting sites and I have really enjoyed using Smarkets. I have found their odds one of the best on the market. Simple Verification process and no issues with my account being limited etc. Their customer service also really has been very helpful and seem fair. Recommend!

S
Germany
1.5
  • Reliability
    1
  • Odds
    2
NEW
Share

Use another one!

They make you pay commission on winning bets AND losing bets. The pricing on Smarkets goes to show that they are not going to be a fair or reputable company.

I would advise to use Pinnacle, SBObet and Maxbet bookmakers and If you are looking for an exchange use Bet.me who charge a flat 2% commission with no other hidden charges.

A
Germany
1
  • Reliability
    1
NEW
Share

Well ...!

The gap between the back and lay money on offer to the market is far too wide to be able to trade. Seems like money miraculously disappears when you go to close a position.

H
Germany
1
  • Reliability
    1
NEW
Share

Bizarre

There would be something very bizarre going on if you tried to close a position. It does make me wonder whether Smarkets is manipulating the markets for its own purposes rather than it being a supposed 'INTEGRAL' peer to peer exchange. Hence, why I've decided to close my account permanently. Whoever continues to trade on Smarkets, do be very caref ... Read more ul... Read less
Min. Bet 5
Max. profit 0
Min. Deposit 10
Min. Withdrawal 10
Currency
Type of odds Fraction odds, Decimal odds
Product
Sports & Markets
Additional Info.

Smarkets Payments

Method Min. Max. Deposit Time Fee
Visa €10 - Instant Free of charge
MasterCard €10 - Instant Free of charge
Maestro €10 - Instant Free of charge
Neteller €10 5000 Instant Free of charge
Skrill €10 5000 Instant Free of charge
BankTranfer €20 - Instant Free of charge
Trustly €40 - Instant Free of charge
PayPal €10 200 Instant Free of charge
Method Minimum Maximum Withdrawal Time Fee
Visa €10 - 2-7 days Free of charge
Maestro €10 - 2-7 days Free of charge
MasterCard €10 - 2-7 days Free of charge
Neteller €10 - Up to 48 hours Free of charge
BankTranfer €20 - Up to 48 hours Free of charge
Skrill €10 - 2-7 days Free of charge
Trustly €40 - 2-7 days Free of charge
PayPal €10 5500 Up to 48 hours Free of charge
Show all ()

Positive

  • 0% Commission Offer For Premium Oddsmonkey Customers (13th June 2019 to 31st March 2020)
  • Smarkets do not build a margin into their odds, unlike other bookmakers
  • Our Standard rate of commission is 2% on your net winnings for any given market - which is relatively low in the industry

Negative

    • Using a betting exchange can at first appear a little complicated
    • Withdrawal time might take up to 10 for bank transfer

Expert review

Score by Mohammad bin Salman
  • Reliability
  • Betting
  • Payment
  • Bonus
  • Support
4
4
Rating by Mohammad bin Salman

Mohammad bin Salman

Syrian Arab Republic
5 months ago

An Overview of Smarkets

First founded in 2008, Smarkets is a UK-based betting exchange that allows players to place bets in a wide range of different sports markets, as well as alternative markets such as politics and current affairs.

It is strictly monitored by both the UK Gambling Commission and Malta Gaming Authority, which allows its players to best with peace of mind knowing that their money is safe on the site. Here is our experience of the various betting features available on the site.

Betting Features

Upon logging into the site, it was clear that the site is focused on sports betting, with a significant emphasis on football. The odds provided on the site were given to us in fractions and were very easy to follow. We quickly found some very good odds on Premier League matches, including Liverpool vs Norwich, including 1/3 for a Liverpool win, which was expected given their performance in the league. Alongside the football, we also had the change to place bets on horse racing, tennis, basketball, boxing, cricket, darts, golf, handball, ice hockey, MMA, motorsports, rowing, rugby and snooker.

The markets for each were quite large, with the football market again providing us with a wide range of betting options. These included the half-time/full-time, draw no bet, correct score, both teams to score, number of goals, handicaps, clean sheet markets and many more.

Alongside and in-depth betting market that focused on football, betting on politics was also particularly interesting with a key focus on both Donald Trump and Brexit. Within these niches, we had the opportunity to bet on a range of different outcomes, including who will be the next Labour Party leader, who will be the next Prime Minister as well as betting on the date that Brexit will occur and its after effect

For example, we had the option to bet on odds of 1.88 for the UK and EU to make a deal by the end of 2020. There were also bets regarding the decisions that Donald Trump will make, some of which included Vladimir Putin too. It was clear that this market was extremely popular over the past years, with Smarkets being the ideal site to place such bets. 

Betting odds

The betting odds available on the site are absolutely fantastic, with a wide range of odds to choose from, especially when it comes to football markets. Our options included bets on top tournaments such as the Premier League, La Liga, Europa League and Champions League. There was an industry-low commission of 2% on the site, which also allowed us to get the very most out of each win. This is much lower than many other sites within the industry, including the well known Betfair who offer players a 5% commission. Although 3% does not appear to make a significant difference, over time this will build up and in the end will take away a significant amount of your winnings. The football odds themselves were quite good, with odds of  31/19 for Liverpool to beat Chelsea. During our time on the site, we also found some great odds for horse racing which could be found directly on the site just before a race was about to start. 

These odds changed as we came closer to each event, which meant that the earlier we bet, the more likely we would secure a great deal. Overall, the odds on the site were very competitive on the market, with a wide number of different markets to choose from on individual sports.

In-play

Considering the size of the bookmaker, the in-play market is extremely extensive and fun to play with. We had a wide range of different options to bet on, from Argentina’s Premier Division Football to the French Open’s last set, which provided us with a thrilling number of games and matches to play on. The wide range of in-play options was very extensive, with bets that included which team would score in the first and second half, who would score in the next ten minutes or which team wouldn’t score at all. With so many options to choose from, it was very easy to engage with the market, which provided us with a worthwhile experience. We were able to make bets as we saw the action unfold, with hundreds of sporting events on at any given time, from larger competitions such as the Champions league to smaller Southern American divisions. 

The only downside to the in-play markets is that they were not supported by live streaming. This was a shame as the market itself was very exciting. As a result, we would recommend Bet365 when it comes to live streaming. They provide all players with comprehensive, high-quality live streaming services, which help to support the in-game bets that they offer.

Banking Methods- All popular banking methods are covered by smooth transactions

In total, we found seven different banking methods that were available to Smarkets customers, which could be used for both deposits and withdrawals. These included Visa debit, Visa credit, Solo/Maestro, Mastercard/Eurocard, Neteller, Skrill and Bank Transfer. All of these are deposited immediately, apart from bank transfer which can take up to 5 days.

The minimum amount is £20 for deposits, although for withdrawals you must have £20 via bank transfer. During our experience, withdrawals took between 1 and 6 working days and between 5 to 10 days for bank transfers. 

Customer service

Smarkets customer service features really excel on the site. They have support on hand 24/7 using the online live chat function. However, players also have the option to speak to a representative in person if they wish by calling +44 207 617 7413 between the hours of 09:00 and 00:00 (GMT). And, if that wasn’t enough, support is also on hand by emailing [email protected] directly. Customer services got back to us within minutes via the live chat and provided us with fast solutions to any problems that we encountered.

Additionally, if we had any questions, there are a range of helpful documents that can be found on the site. These cover everything from the betting exchanges to FAQ’s, ensuring that you understand everything before starting your betting experience on the site.

How fair are the Grand National odds?
Smarkets Homepage Screenshot
Smarkets in play Screenshot
Smarkets Football Screenshot
Smarkets Politics Screenshot
Smarkets horse racing Screenshot
Smarkets current affairs Screenshot