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Smarkets Bookmaker Review: rules, support, sign up, free bets, site

Bookmakers rated 3 offer mid-level services and are currently in trial period.
Contents
BR rating: 3/5
Pre-match: 2/5
In-game: 2/5
Odds: 3/5
Convenience of payments: 5/5
Support: 3/5
Bonuses & Promotions: 2/5
Feedbacks: 0 Free Bets: 10 £ Deposit/Withdraw: 999999 / -
More 8
Mobile versions: Questions: 0 Complaints: 0 Support

Contents

Company Review

3/5
Paruyr Shahbazyan
The founder of the website

The British betting exchange Smarkets was founded in 2010 by two young programmers, Jason Trost and Hunter Morris.

The firm, works under licenses from the United Kingdom Gambling Authority, and the Malta Gaming Authority. Unlike the betting exchange Betfair, Smarkets offers commission as low as 2%.

As a betting exchange, all betting is peer-to-peer rather than against a bookmaker; Smarkets allows traders to agree odds amongst themselves. Establishing a reputation for its political betting, Smarkets also offers betting on sports, current affairs and popular culture.

However, the number of markets and liquidity they offer is relatively poor. We have seen a number of companies trying to compete with Betfair, by offering lower commissions. Unfortunately the majority of these do not achieve success.

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Characteristics of the bookmaker
Pre-match
2/5
In-game
2/5
Odds
3/5
Convenience of payments
5/5
Support
3/5
Bonuses & Promotions
2/5

Bonuses & Promotions

Website languages

Smarkets.com operates in English, Portuguese and Swedish. There is also an English version for the US.

EnglishEnglish
English (US)English (US)
PortuguesePortuguese
SwedishSwedish

Products and apps

Smarkets offers sports betting exchange and live betting options for its customers. The same services are available in mobile mode and in the app. The Smarkets app is available both for Android and iOS devices. The Android device can be found in the website, while the iOS app in the App Store.

Web
Mac
Sport products
Sport
Live streaming
Match Center
Services
Registration
Deposit
Live chat
- English version - Mobile version

Payment methods

Deposit

You can fund deposits in Smarkets via VISA, Mastercard, Maestro, Eurocard and Solo cards, Skrill, Neteller, Turstly, PayPal, Open Banking and bank transfer. The minimum deposit sum is £10 for all methods except for Trustly – £40, bank transfer and PayPal – £20. The maximum limit is £5,000 per day for Skrill and Neteller; £200 per day for Paypal; £100,000 per day for bank transfer. The processing is usually done instantly, except for bank transfer 3-5 business days. The bookmaker hold no commission for deposits.

Withdrawal

The withdrawal can be made via VISA, Mastercard, Maestro, Eurocard and Solo cards, Skrill, Neteller, Turstly, PayPal, Open Banking and bank transfer. The minimum withdrawal amount is £10 for all methods except for bank transfer – £20. The maximum limit is £5,500 for PayPal and unlimited for bank transfer. The processing takes 12 hours for Open Banking; 1-6 business days for cards; 1-2 business days for Skrill, Neteller, Trustly and PayPal; 5-10 business days for bank transfer. The bookmaker holds no commission for payouts via all methods except for bank transfer – £10.

Deposit Withdrawal
Sum Time Commission Sum Time Commission
from £10 to - instant 0% from £10 to - 1-6 business d. 0%
from £10 to - instant 0% from £10 to - 1-6 business d. 0%
from £10 to - instant 0% from £10 to - 1-6 business d. 0%
Expand all (11)

Accepted currencies

Smarkets accept 6 currencies: the British pound, Euro, US dollar, Danish krone, Swedish krona and Norwegian krone.

Danish krone
Euro
British Pound
Norwegian krone
Expand all (6)

Support

Smarkets offers 3 standard methods for contacting its support team: call centre, email and live chat. Live chat is available only for registered users. Additionally, Smarkets offers Twitter (@SmarketsTech) and post (1 Commodity Quay, St. Katharine Docks, London, E1W 1AZ, United Kingdom) for contacting them.

Competence
Politeness
Response time
Competence
Politeness
Response time
~1-5 min
Competence
Politeness
Response time
~30 min
Competence
Politeness
Response time
Live chat
~ 1-5 min.

Reliability

Doesn't accept Bookmaker Ratings
as an arbitrator
There is no company representative on Bookmaker Ratings website
Attitude to speculators:
Doesn't lower the maximums

Licenses (2)

Reviews (0)

You can learn about the feedback and opinion on sum withdrawals and betting in Smarkets in the “Feedback” and in the comment to the review. Learn here about the experience of Smarkets users. Share your experience with everyone.

Reliability
0/5
Convenience of payments
0/5
Pre-match
0/5
Support
0/5
In-game
0/5
Bonuses & Promotions
0/5
Odds
0/5

Assessment history

13.03.2012
Smarkets has been added to the Rating

Company information

Smarkets
United Kingdom London E1W 1AZ 1 Commodity Quay, St Katharine Docks
+44 20 7617 7413
2008

Pros and cons

Pros
2% commission instead of 5%
Cons
Low liquidity
Narrow line

Organisations (5)

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