Smarkets is the alternative betting exchange every aspiring sports trader should know about. For what it lacks in third party applications, it makes up for in value. Their prices are fair — as any exchange should be — and the 2% commission rate is incredibly low.
The Smarkets exchange is best suited to anyone into Matched Betting, Arbitrage Betting — even casual betting. In an industry where odds largely determine profitability, it’s truly one of the best platforms at your disposal.
Smarkets Review Contents:
Terms & Conditions
Advantages Of Smarkets
Only 2% Commission
Smarkets is the original “2% commission exchange”. This flat rate offers significantly better value to Betfair’s standard 5% rate (for new customers).
Don’t Penalise Winners
In contrast to Betfair’s controversial Premium Charge, Smarkets don’t penalise their winners. Instead they reward them with a 1% commission ‘Pro Tier’. Eligible users must place more than 1,500 bets, or stake more than £1m in a calendar month.
Neat User Interface
Smarkets has changed face a few times since its inception in 2008. The latest interface looks modern and sharp; it’s arguably the most attractive betting exchange on the market. Furthermore, it’s the only one that can be switched between a light and a dark theme to suit your preference.
Disadvantages of Smarkets
Fewer Markets Than Betfair
One of the downfalls of Smarkets is that it doesn’t cover as many sports as Betfair. So even if you prefer Smarkets, you might need to use another betting account for niche bets.
Lack Of Third Party Applications
Part of being a sports trader is utilising tools to improve, scale, and automate your betting strategy. Smarkets doesn’t yet offer an open API — therefore there’s a distinct lack of third party applications compatible with the exchange. This means no trading software, and thereby much greater difficulty in professionalising your sports betting activity.
Liquidity has been a problem for Smarkets. It has improved over time, and nowadays the vast majority of casual bettors will easily get their stakes away at an industry-leading price. However, those dipping in and out of niche markets, or looking to place large stakes, might still be disappointed.
Sports Betting Markets
- American Football
- Current Affairs
- Horse Racing
- Ice Hockey
- Rugby Union
- TV & Entertainment
- Visa Debit
- Mastercard Debit
- Solo / Maestro Card
- Credit Cards
- Bank Transfer
- UK Gambling Commission
- Malta Gaming Authority
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