- Well-organised and user-friendly website
- Uses real-time financial technology for sports betting
- Exchange quality odds with low commission
- No Free bet welcome offer for new customers
Opinions 1All reviews
Complaints 0All complaints
Review of the bookmaker Smarkets from Legalbet
Launched in 2009, Smarkets began as an invitation-only trading platform. Today, it is a sports betting company that mainly serves two products: the Smarkets exchange and the SBK. Along with the rest of the Smarkets team, founder and CEO Jason Trost makes the platform stand out by using real-time financial technology to provide generous odds for various betting markets.
Range of Sports and Markets - Good
With Smarkets, you have a choice of betting on the following sports: American Football, Australian Football, Baseball, Basketball, Boxing, Cricket, Current Affairs, Cycling, Darts, Esports, Golf, Greyhound Racing, Handball, Ice Hockey, MMA, Motorsports, Rugby League, Rugby Union, Snooker, Table Tennis, TV, Specials, and Volleyball.
In-Play Betting - Good
From the “Quick Links” at the left panel of the screen, you can choose “In-Play” to go to the live betting section. Compared to other platforms, they don’t have many options here. At the moment of capturing the image, there are only 11 games and events across six sports to choose from.
Currently, there is no live-streaming capability on Smarkets. In its place, there may be a scorecard. Just note that this option isn’t available for all sports.
Smarkets Mobile App
Smarkets has a betting app available in the Google Play Store and Apple App Stores. This is already in use by many customers who want to have a smooth and convenient betting experience. Instead of being an exchange the app SBK delivers the great odds of an exchange with the simplicity of a bookmaker.
How to Register at Smarkets
Creating your account at Smarkets can be done in just three steps. To begin, click the green “Create Account” button at the upper right corner of your screen. This will take you to another screen where you can start the registration process:
Select your email address and password for the account. The country is automatically set to the UK, while the currency is already at GBP, so there’s no need to change those. If you have a promotional code that you want to use, just type it in that text box. Click “Continue” to go to the next screen.
On the second screen, you’ll provide your personal details. This includes your full name, date of birth, address, and phone number. For the address, you can save time by typing your zip code and clicking “Find Address” to find yours from the list. Tick the checkbox and click “Save Details” to create your account.
In the lower part of the page, you can review the default daily and monthly deposit limits. If you want to increase or decrease either of the limits, click “Manage Your Limits” and change them from there. This step is optional.
How to Deposit at Smarkets
You can deposit money into your account by following these steps:
Click the balance icon at the upper right corner of your screen. This will open a menu where you can view various information on the site and details on your account. For now, just click the green “Deposit” button where the arrow is pointing.
When you scroll down a little bit on the deposit page, this is what you’ll see. The deposit methods available to you are on the box. For this example, we went with the Debit Card option. Here, just provide the information requested. If you have a card on file, skip to step 3.
Scroll down some more to fill out the rest of the information needed to use your debit card. Then, type how much you want to deposit, set the toggle switch to acknowledge the terms and click the “Start Deposit” button.
How to Bet at Smarkets
Now that you have money in your account, you can place your first bet! You can do this straight from the homepage, which dually serves as the sports section. Then, do the following:
The first thing that you need to do is narrow down the selection to one tournament, day, or league. For this, you can use the quick links or the categories. As an alternative, bettors can also browse the popular events at the right panel of the screen to get straight to the third step.
For this example, we selected Basketball from the categories. From there, we selected the NBA. Doing this revealed the list of matches that are available to wager at on Smarkets. In this example, we selected the Chicago Bulls - Charlotte Hornets.
Once a match is clicked, you’ll see all the betting options available. Note that you will have two options for each selection, you can either back them (bet that it will happen) which is the green number, or lay the choice (bet that it will not happen) which is the blue button. Here, we selected to bet against the Chicago Bulls at 1.36 odds. . This automatically appeared on the betslip on the right where we typed ten into the “Stake” box. Once you’re happy with all the details, click “Sell.”
How to Withdraw at Smarkets
Withdrawing your money from Smarkets is also an incredibly easy process which you can accomplish by following these instructions:
The first step is pretty much the same as making a deposit. Click your balance at the upper right-hand corner of your screen to open the menu. But instead of clicking the “Deposit” button, you need to click “Withdraw.”
Make sure that you have a withdrawable balance. If your current withdrawable balance is £0, wait until you meet the minimum required for your preferred payment method. The image here is what you’ll see after step 1, indicating that the platform won’t allow you to make a withdrawal.
Assuming that you can withdraw money, you’ll be able to see the methods on the withdrawal page. Just select any available to you, then enter the details requested based on your chosen method. Lastly, complete the withdrawal by clicking the green “Withdraw” button.
How long it will take for the balance to reflect on your account will depend on your selected method. At most, you may have to wait ten business days.
Licensing & Safety
Smarkets is licensed to operate by the UK Gambling Commission through Smarkets (Malta) Limited under account number 39173. In August 2022, the commission imposed a £630,000 fine due to failings in implementing social responsibility and anti-money laundering regulations.
Service & Customer Support
Email - [email protected]
Phone - N/A
Live Chat - 09:00-23:00 UTC (for logged-in users only)
Twitter - https://twitter.com/SmarketsTech
The live chat button was oddly placed at the top of the page instead of the usual lower right of the screen. Apart from that, the experience we had in dealing with an agent was good. They were able to give us a quick and factual response to our question. However, it would have been better if we didn’t need to be logged in to use this feature.
Smarkets Casino Review
As of writing, Smarkets does not have a casino section.
Smarkets doesn’t have a live casino section on the website or app.
More Information About the Bookmaker
Founded in: 2009
Owners: Smarkets (Malta) Limited
Registered Office: 1 Commodity Quay, St Katharine Docks, London E1W 1AZ (London)
Licence number: 39173
Email: [email protected]
Information about the company
Gambling Commission of Great Britain
Articles about the bookmaker
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