Smarkets Review & Test 2018

Last updated & tested: 17.11.2018
Ok
75/100
Bonus
71
Odds
75
Service
75
Your rating
50
Awards:
Position: 1 at the award: Best Horse Betting Sites For Cash Out - Who wins this award?
Position: 1 at the award: Best Horse Betting Sites Without Limit In The UK - Who got your vote?
Position: 1 at the award: Best Horse Betting Sites For Sign Up Offers - Best betting sites bonus
Ante post markets
Bet v other punters
Bigger prices than fixed odds
44.

Horse Racing Betting at Smarkets Reviewed

Smarkets  celebrates a decade of trading in 2018 and you can bet punter-to-punter on this sports and horse racing exchange. Dreamed up by American founders, they have offices in London, Los Angeles and Malta and announced a partnership with The Jockey Club. Smarkets racing naturally commands a lot of attention as betting on horses is one of the most popular forms of trading on their platform, which was set up with the lofty aim of rivalling Betfair. We’ll learn more about it in this Smarkets horse racing sportsbook review.

BONUS
100% Deposit, up to 10£
T&Cs Apply, 18+
Betting margin
%
Betting offers
More offers
Devices
Website Android iPhone Windows Blackberry
Customer support
E-Mail Livechat Telephone English support 24/7 Support Free Phone Support
Licenses
Uk_gambling_commission>
Malta_gaming_authority>
Payment methods
OPEN YOUR ACCOUNT AT SMARKETS NOW

Your Kickstart to Smarkets

GET ACQUAINTED THROUGH OUR VIDEO INTRO

THE SMARKETS VIDEO

Is Smarkets horse racing reliable? It’s a common enough question with betting exchanges, so we thought the best thing to do to kick this review of that platform off with is this introductory video. You get a sneak peek what Smarkets is all about without yet committing to joining up. We hope it leaves you better informed as to whether betting on the exchanges is for you or not. Just sit back and watch to learn more.

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Introducing Smarkets racing

WHAT TO EXPECT FROM THIS SPORTS BETTING HORSE RACING EXCHANGE

Smarkets has some pretty big ambitions and wants to be a credible alternative to Betfair, which has the lion’s share of betting on the exchanges in the UK. They’ve already come a long way in their first 10 years of trading with offices in those key locations; Malta, London and LA. They are licensed in Great Britain by the UK Gambling Commission and in Malta by the Malta Gaming Authority. This Smarkets horse racing review 2018 has lots of ground to cover, but the key area which always attracts most attention is what you get for signing up. We’ll talk about the £10 refund on losses welcome bonus to enhance your trading experience soon. You can also get a great visual of the Smarkets sportsbook through the screenshots below!

smarkets sports review
smarkets sports review
smarkets promotion
smarkets betting odds
GET YOUR SMARKETS BONUS NOW

SMARKETS Screenshots

1. startpage

Black, white, green and blue colour scheme is eye-catching

2. bonus

Claim a £10 welcome offer when you make a first deposit of £20

3. odds

Back horses to win or lay to lose, but no best odds guaranteed

4. extras

Get help with hedging your bets through calculator

What can you expect our assessment to cover? Unlike other Smarkets horse racing reviews, we start by taking you through the sign-up process, depositing, placing your first exchange bet and withdrawing any winnings. On top of discussing the welcome bonus, we also talk about other offers and the range of Smarkets horse racing markets and odds available. We’ll look at in play betting options and what their exchange app is like. There’s customer service and payment options to consider too, plus what if any betting limits exist and the extras you need to be aware of. By looking at all of these things, come the end of our review you ought to have made your own mind up over this question; is Smarkets horse racing good?

Kickstart With Our Step-By-Step Manuals

GUIDES TO REGISTRATION, DEPOSITING, EXCHANGE BETTING AND WITHDRAWALS ON SMARKETS

This is the point where our step-by-step manuals covering those early steps related to signing up to the sportsbook we mentioned earlier are located. We want you to feel confident and comfortable using Smarkets, so whatever you might need help with, from registration for your exchange account, to making that first deposit, placing bets on this platform and making withdrawals from your account, we’ve got it covered. Our how to guides are in plain English, so you can get your head around them.

How To Open Your Account

    Step 1

    Hit the create account button in the top right-hand corner of the sportsbook. Now enter your personal details including address, date of birth and mobile number.

    smarkets registration

    Step 2

    Now creates a username and password for your new account. You also need to select the currency that you want to gamble in; that’s pound sterling (GBP) for UK punters.

    Step 3

    It’s at this point where you’ll be asked if you want to make that all-important first deposit. See our instructions directly below on how to do this.

    How To Make Your First Deposit

    • 1The option to deposit will appear as a green rectangle on the right-hand side of the screen. Now decide on a payment method; credit/debit cards, bank transfers or eWallet services.
    • 2Be aware that using Skrill or Neteller for your first deposit means you won’t get the £10 refund on losses welcome bonus. The money has to come from your bank account.
    • 3Now enter the amount you want to deposit. Remember, to get the new customer offer this has to be a minimum of £20.
    smarkets payment methods

    How To Place Your First Horse Racing Bet

    • 1Locate the horse race or market you want to bet on by using the menus on the Smarkets sportsbook.
    • 2You can either back a horse to win or lay it to lose by taking the prices available, or offering your own odds and seeing if another punter takes you up on them.
    • 3Enter your stake and place your bet. Remember that a horse racing exchange will have completely separate each-way and place markets on the sportsbook.
    smarkets betting odds

    How To Withdraw Your Winnings

    • 1Click on withdraw, it’s a green rectangle like deposit was. You then have a list of withdrawal options to choose from. You have to use the same method as when depositing.
    • 2Enter the amount you want to take out of your account. Depending on your chosen method, this will be a minimum of either £10 and £20 but no upper limit.
    • 3Remember as it’s a betting exchange, you will have to pay Smarkets commission for taking your bets. It’s always better that this comes out of your winnings.

    Know Your Bookmaker

    WHAT’S STILL TO COME IN OUR SMARKETS HORSE RACING SPORTSBOOK REVIEW?

    Now we’ve got those basic steps out of the way, we move on to talking about the welcome bonus of £10 refund on losses when you make a real cash deposit of £20 or more. We’ll also highlight other exchange offers and discuss how the horse racing odds and markets work, before moving on to the live betting experience when you place in play wagers. The mobile experience through the Smarkets Android app is another important consideration alongside more on the payment methods and customer service options. We’ll tie everything together in our conclusion after noting anything extra that’s worthwhile.

    CREATE YOUR SMARKETS ACCOUNT IN 3 MINUTES

    Bonus

    GET A £10 REFUND TOKEN ON LOSSES WHEN YOU DEPOSIT £20

    Smarkets give new customers a bit of breathing space with their welcome bonus of a £10 refund token if a bet you place loses after making an initial deposit of £20 or more. You must use a credit or debit card to make your deposit, as Skrill and Neteller are expressly excluded in the terms and conditions of this offer. When you receive your rebate in the form of a refund token, it can only be withdrawn when you have played through the amount of your initial deposit. The token will expire three months after issue. This promotion is limited to one per person, email, household and IP address, payment details and telephone number. Other terms and conditions apply, so check the Smarkets sportsbook for further details.

    44.

    Smarkets:

    100% Deposit, up to 10£
    Bonus Rating: 3.6 Out Of 5 Stars
    Bonus
    100% up to 10£
    Wagering
    N/A
    Type of Bonus
    Welcome bonus
    Minimum Odds
    N/A
    Additional Bonus
    % Deposit, up to
    Payable
    SHOW ME THE BONUS CODE
    T&Cs Apply, 18+

    Betting offer

    0% COMMISSION FOR PREMIUM PROFIT ACCUMULATOR MEMBERS

    All Smarkets customers can become Premium Profit Accumulator members and receive 0% commission on their accas placed on the exchange. You used to need a promo code for this offer, but now all you have to do is make sure you place an accumulator at least once every 30 days using the Smarkets integrator for accas. If you’re accessing their sportsbook via API or trading software are ineligible for this offer. There’s an article in the help section that provides further information.

    Smarkets
    Highlight betting
    Low commitment to acca betting
    No commission means 100% profit on winnings
    Details vague over wagering requirements for accas
    PLACE YOUR FIRST BET

    How does this Smarkets betting offer compare?

    Number of sports Horse betting events UK/EU/World Best Odds Guaranteed Live streaming Rating Get your bonus
    28 betting offer uk1700betting offer europa700betting offer international2600 94/100
    Betfair in Test
    BETFAIR
    45 betting offer uk1700betting offer europa550betting offer international1500 94/100
    William Hill in Test
    WILLIAM HILL
    40 betting offer uk1700betting offer europa625betting offer international2550 93/100
    Betvictor in Test
    BETVICTOR
    42 betting offer uk1700betting offer europa600betting offer international2500 93/100
    Coral in Test
    CORAL

    Odds

    BACK AND LAY HORSES IF YOU THINK THEY’LL WIN OR LOSE

    Betting on the exchanges means there’s no best odds guaranteed on British and Irish horse racing like you get with fixed odds wagers. It’s punter versus punter on Smarkets and you can either back a horse to win or lay its odds if you think it will lose. The prices you get on the exchanges are often better than those offered by traditional bookmakers, so makes up for the lack of a bigger guaranteed starting price. Exchange betting contains lively place and each-way markets too as well as ante post punting.

    Back horses to win or lay them if you think they’ll lose
    Better prices often found as you’re betting punter v punter
    No best odds guaranteed available on the exchanges

    Live Betting

    PLACE BETS IN RUNNING ON SMARKETS HORSE RACING

    One area where betting exchanges hold the edge over fixed odds bookmakers for punters who like to wager on the horses is in play markets. You can back or lay a horse in running while a race is happening. There’s no live streaming attached to Smarkets, however, so you cannot use their sportsbook to see how your live gambling turns out. A number of other sports are catered for when it comes to in play betting too; these include football, tennis, basketball, motorsport, boxing, cricket, cycling, darts, rugby and American sports.  

    BONUS
    100% DEPOSIT, UP TO 10
    Live streams

    Comparing in play betting on Smarkets with other sportsbooks

    Bookmaker Sports Betting options Live streams rating To the bookmaker
    23 6 yes
    94/100
    Betfair Review
    Betfair
    26 20 yes
    94/100
    William Hill Review
    William Hill
    28 8 yes
    93/100
    Betvictor Review
    Betvictor
    30 8 yes
    93/100
    Coral Review
    Coral
    30 50 yes
    92/100
    Paddy Power Review
    Paddy Power

    Payment

    YOUR PAYMENT OPTIONS ON SMARKETS

    There’s some variety when it comes to payment methods supporting your gambling on Smarkets. It’s a mixture of the classic bank transfer, credit or debit card options for deposits and withdrawals sitting alongside more modern ones like eWallet services Skrill and Neteller. You’ll find more details in our payments table below. While they don’t charge fees (except for withdrawing via bank transfer) at all, there is Smarkets commission to pay on all your bets unless specified. While deposits are always instant, withdrawal times will vary depending on your chosen method. Using eWallet services tends to be faster in this regard, but remember to get the welcome bonus on this betting exchange you need to deposit with a credit or debit card.

    Payment Method Deposit/Payout Processing Time Limits min/max Fees
    Deposit:
    Immediately 2.5£ No
    Payout:
    Immediately 2.5£ No
    Deposit:
    3-5 working days - -
    Payout:
    3-5 working days - No
    Deposit:
    Immediately - -
    Payout:
    Immediately - No
    Deposit:
    Immediately - -
    Payout:
    Immediately - No

    Customer Support

    SMARKETS LIVE CHAT AVAILABLE 24/7 AMONG CUSTOMER SERVICE OPTIONS

    One area with real potential to shape the Smarkets horse racing ratings is customer support. Their phone line is manned 9am until midnight every day, while you can also contact them via email or even on Twitter. These options and Smarkets live chat, which is available around the clock, are only available to customers of their sportsbook. If you haven’t signed up yet, however, you can still use their Frequently Asked Questions (FAQs) section that has answers to most related queries to betting on the exchanges and send a letter to the firm’s London address if you want. There’s a good selection of customer support on Smarkets, then.

    Customer Support
    Phone
    Email
    Live Chat
    24/7 Support

    Which bookies do you believe has the best customer service?

    English
    support
    Free
    hotline
    Live chat rating To the bookmaker
    94/100 Betfair in Test
    Betfair
    94/100 William Hill in Test
    William Hill
    93/100 Betvictor in Test
    Betvictor
    93/100 Coral in Test
    Coral
    92/100 Paddy Power in Test
    Paddy Power

    Smarkets App

    BET ON THE GO WITH THE SMARKETS ANDROID APP

    If you want to take your betting exchange experience truly mobile, then download the Smarkets app for Android and iOS for free. It’s readily available from the app store and Google play and you get a streamlined version of the desktop site. As a product of the internet, the Smarkets sportsbook is smartphone and tablet friendly anyway. In play betting is quick and easy, with the buttons clearly visible thanks to that crisp layout and futuristic colour scheme. The only real improvement we can suggest is perhaps having some mobile exclusive offers.

    MOBILE HIGHLIGHTS

    • App for iOS and Android
    • Mobile friendly sportsbook
    • Streamlined experience
    • No exclusive offers
    SIGN IN AND GET YOUR BONUS NOW

    Betting Limits

    SMARKETS

    can wager as little as 5p in the UK on Smarkets. As you’re gambling against other punters, and if you can find someone willing enough to take you up on a huge stake, then there is actually no upper limit (in theory, it’s £99,999). If you want to bet even more than that supposed threshold, you can always split the amount you want to stake into several bets. Whatever you do, remember to bet responsibly and not risk more than you can afford. It can be easy to get carried away gambling on the exchanges, so discipline is required.

    Smarkets
    £ 0
    Daily profit limit
    £ £0.05
    minimum bet
    STRAIGHT TO SMARKETS

    Bookies with the best betting limits

    minimum bet Max bet Daily profit limit rating To the bookmaker
    £ per bet 0 £ bet 0 £
    94/100
    Betfair Review
    Betfair
    £ per bet 0 £ bet 0 £
    94/100
    William Hill Review
    William Hill
    £ per bet 0 £ bet 0 £
    93/100
    Betvictor Review
    Betvictor
    £ per bet 0 £ bet 0 £
    93/100
    Coral Review
    Coral
    £ per bet 0 £ bet 0 £
    92/100
    Paddy Power Review
    Paddy Power

    Extras

    SMARKETS KEEPS IT STRICTLY BUSINESS

    This is a straight up sports betting and horse racing exchange, so if you’re looking for casino, slots and table games you won’t find them on Smarkets. The current affairs markets are something a little different from regular sportsbook odds to back and lay. There’s a explanation of lay betting, alongside a handy calculator and strategy articles to help you get started if you are new to betting on the exchanges. If you’re after a broader gambling experience, then Smarkets doesn’t really cater for it but what it does provide is done very well.

    Casino
    Live Casino
    Poker
    Games
    Bingo

    Conclusion

    THE LAST WORD ON SMARKETS RACING

    What have we learned from our Smarkets horse racing sportsbook review? It’s not fixed odds but taking prices from fellow punters you get on their platform. While that means the best odds guaranteed isn’t available, you may win bigger anyway if you can persuade another punter to back or lay prices you set. The welcome bonus only activates should a wager you’ve made after an initial deposit loses. There’s a mixture of payment methods, while customer service is broad and good. Be aware that there are pros and cons to a lack of betting limits and you are responsible for not gambling beyond your means. You can also bet on mobile via the Smarkets app.

    A fair exchange

    While this platform is designed for serious punters with no gimmicks or extras to distract you from the unique experience of exchange betting, it probably doesn’t appeal to the casual punter. Given the ambition of Smarkets is to become a real alternative to Betfair, they may need to do a little more work to broaden their horizons if they are to realise their aims. Based on its current product, provided you understand how betting on the exchanges work, then there’s plenty to like.

     

    Bonus
    3.6
    Odds
    3.8
    Service
    3.8

    Overall rating


    Smarkets
    75/100
    Ok

    • Bet v other punters for bigger prices
    • Great app and customer service
    • No best odds guaranteed or extras
    GET YOUR BONUS NOW
    smarkets sports review
    SHOW BONUS CODE
    T&Cs Apply, 18+

    Share your Smarkets exchange experience

    If you like to bet on the exchanges with Smarkets, then we’d love to hear from you. Join Horsebetting.com today and post your own comments or reviews drawing on your personal gambling experiences. This will help us to give Smarkets horse racing a rating.

    Your rating
    50

    Awards

    GET YOUR VOTES IN THE HORSEBETTING.COM AWARDS

    Another advantage to joining our site for free is you automatically become entitled to vote in the Horsebetting.com awards we give out at the end of every year. Just use the awards module below to have your say in a range of categories related to betting on the horses!

    The 5 finest bookies you voted for

    1.
    Betfair
    Really Good 94/100
    T&Cs Apply, 18+
    100% up to 100£
    2.
    William Hill
    Really Good 94/100
    T&Cs Apply, 18+
    100% up to 30£
    3.
    Betvictor
    Really Good 93/100
    T&Cs Apply, 18+
    100% up to 40£
    4.
    Coral
    Really Good 93/100
    T&Cs Apply, 18+
    100% up to 50£
    5.
    Paddy Power
    Really Good 92/100
    T&Cs Apply, 18+
    200% up to 30£

    Which bookmakers have the best betting bonuses?

    Our top 5 bonuses in comparison

    1.
    Betfair
    100% up to 100£
    4.7/5
    GET YOUR BONUS
    2.
    William Hill
    100% up to 30£
    4.6/5
    GET YOUR BONUS
    3.
    Betvictor
    100% up to 40£
    4.6/5
    GET YOUR BONUS
    4.
    Coral
    100% up to 50£
    4.7/5
    GET YOUR BONUS
    5.
    Paddy Power
    200% up to 30£
    4.6/5
    GET YOUR BONUS

    Leave a response

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    Your overall rating for Smarkets: 0/100