Smarkets is a UK-based betting exchange site launched in 2008. Over the next 14 years, it managed to establish itself as one of the best betting exchanges in the UK despite the fierce competition with Betfair! Currently, this site has approximately 34 million users worldwide and has handled bets worth £3 billion since its inception.
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Last updated: 28 November 2023
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Smarkets has many outstanding advantages. It takes only 2% commission which is far lower than the industry average. Also, it features an easy to use platform with a slick design. Despite lacking live streaming, it provides moment by moment updated stats with useful analytical tools. So, players can place a wise live bet even if they don’t watch the event.
Are these perks enough to choose Smarkets?This is the question that we will answer on this page. Also, we will discover if this site is on GamStop or not.
Smarkets Bonuses & Promos
All new customers can get a €10 bonus right after creating a new account on this platform. The player must deposit €20 or more with his bank card or through bank transfer to obtain this offer. Please note that deposits web wallets deposits are not eligible for this offer.
Smarkets will immediately add the bonus to the player account when he loses the first €10 of the deposit amount. So, it can be a cashback offer, not a welcome offer like other bookmakers offer.
The offer time frame is seven days, during which the player must use the offer and meet the wagering requirements.
In fact, this site does not offer any bonus other than the welcome offer. So, loyal players will not find any incentives to keep playing there! However, the reason behind the lack of bonuses is that the site edge here is 2%, which is very low according to the industry standards. In other words, the site doesn't make much profit to offer more rewards!
Pre-match Betting Offers
As already mentioned, Smarkets is a betting exchange platform. This means that bettors are betting against each other, not against the house. Therefore, it is the bettors who compete, control odds, and gain the biggest returns! In other words, bets are made here based on the supply and demand principle. Unlike the bookmakers, betting exchanges give their clients more freedom and more profits!
The site offers 18 sports. Although this number is limited, the available sports are covered in great depth.
The site gets a low commission of 2% of winning bets, and if the player places 1,500 bets, he will join the pro tier layer, and the commission rate will decrease to only 1%!
To help bettors choose the most suitable bet, Smarkets offers its clients a set of different charts and stats to help them analyse the markets and choose the most suitable bet.
The standard odds form is the decimal numbers. However, players can change the display and choose percentages or US odds.
Sports betting has a wonderful nature as it is volatile, fast-paced, and gives daily chances to bet and win! Smarkets covers a broad range of virtual sports, including the most popular Counter-strike and League of Legends.
There are a lot of betting markets available, which include:
Besides sports and virtual sports, this site also offers betting markets for political events, current affairs and TV shows. In fact, it is scarce to see such fields in a betting exchange.
No wonder, Smarkets does not offer any combination bets since it is difficult to offer these options on peer-to-peer betting. Instead, the platform provides its clients pre-made compound bets.
In addition, this platform offers the cash-out feature to which players can use in both pre-game and live bets whether to secure their profits or reduce their losses.
Live Betting on smarkets
Live events available for betting at Smarkets are rather limited. At the time of writing, there are only 30 live matches available to bet on. Although the site does not offer live streaming, it displays updated charts that you can rely on when placing your live bet.
Is Smarkets on GamStop?
Of course yes, this site holds the UKGC license.Therefore, it has to cooperate compulsorily with GamStop and reject any player who has an active account on this scheme! Therefore, if your self-ban period isn’t up yet, you will not be able to join Smarkets until after the end of the specified period.
Non GamStop Alternatives of Smarkets
Although most of the global betting exchanges are licensed by the UKGC, many good bookmakers outside of GamStop. These sites operate completely legally under overseas legal committees’ supervision and apply the highest security standards to protect players data even after logging out of the site. Next, we have recommended the best betting sites that also offer casino games and other gambling options. You can join any of the listed below sites even if you’re on GamStop.
Simply, Casiroom casino is fantastic! It offers everything you can aspire to get from a bookmaker. First of all, you will be welcomed with a series of 4 welcome bonuses with an amount of up to 1,000 EUR. Then, you can obtain daily deals, weekly offers, and limited-time promos. Although Casiroom was initially launched as an online casino, it offers a special betting section that includes more than 35 sports, cover all major and unpopular championship, and shows hundreds of betting markets for each event. If you want to know more about this site, click here.
Casper Spins Casino
Launched in 2021, Casper Spins is one of the newest gambling portals on the scene, yet it has plenty of features to impress you! The site has an easy-to-use and user-friendly interface that is very organized and compatible with all devices. In addition, it offers its players a great collection of offers and special bonuses that you can get with every betting session. In terms of available sports, you will find more than 40 different sports, including football, horse racing bets, basketball, and tennis. The available betting markets range from 500 to 1,000 according to the event. In addition, Casper Spins offers many options that can facilitate the betting process for players like cash out and live stats. If you want to know more about this site, click here.
Milky Wins Casino
Like its previous counterparts, Milky Wins is a newcomer with massive capabilities and modern offerings. This operator has a stylish interface,elegant designs, and easy to navigate structure. At the first glance at the betting section, you will figure out that this site is created by professional bettors as it shows everything clearly. So, you can find it immediately without searching or scrolling down. There are 35 sports on offer, +6,00 daily events, and multiple betting markets for each event. Although that Milky Wins doesn’t offer live streaming for sports, it has an animated live view for all matches. If you want to know more about this site, click here.
Although Smarkets has all the features that sports bettors would be looking for, but unfortunately, it is on GamStop. Therefore, players registered in this scheme will not be able to participate in the exchange portal throughout their self ban period! However, they can still play at trusted sports betting sites outside, which doesn’t integrate GamStop.