The Smarkets sign up offer is a £10 refund bonus token when you deposit at least £20 and place a qualifying wager on their exchanges. This review is all about this welcome promotion and how to make it work for you. You don’t need a Smarkets horse racing promo code, nor a Smarkets bonus code to get in on the action if something different on the gambling front appeals to you. We’ll take your through the fine print of the offer and what you need to do in order to get it. There’s further analysis of the terms and conditions attached to it, some betting strategy advice and a little background on Smarkets. We hope that will equip you with enough information to help you decide if this bonus is one that’s worth having. Although there’s no code, always keep an eye out for a Smarkets promotional code.
Reality Test: Wagering the Bonus
Your first exchange betting experience has a certain level of protection as new customers get the Smarkets horse racing sign up bonus of a £10 refund token after you deposit and if your first wager loses. All you have to do to get your hands on this insurance is register for an account with their platform and make a first deposit of £20 or more.
To make the £10 refund bonus token eligible for withdrawal, you need to wager your initial deposit amount in total on any combination of sportsbook markets during the promotion period. Losses are covered on these up to £10 and the bonus refund you receive must be used within 3 months or it will expire.
You don’t need a Smarkets referral code or any Smarkets horse racing bonus code for new customers to get in on this offer. A qualifying deposit cannot be made via eWallet services Skrill and Neteller, so to be on the safe side use a debit card to make your first one.
There’s already been discussions about the payment options throughout this review of the Smarkets bonus for new customers. You can use bank transfers, credit or debit cards or eWallet services for deposits and withdrawals. Be aware, though, that it’s a closed loop system in place on this sportsbook. In other words, the method you use to put money into your account is the same option you have to take when you want to withdraw. Remember, deposits made via Skrill and Neteller are not eligible for the welcome bonus.
Don’t forget you have to wager through your initial deposit in full – though not necessarily on one bet – in order to make any funds eligible for withdrawal. Your losses are covered up to £10. The downside of not being able to get the offer via deposits from Skrill and Neteller is that they are guaranteed to process and complete the withdrawals process within 24 hours. Other payment methods take a little longer, but we’re only talking an additional two to four days.
Pitfalls & What to Avoid when Claiming the Bonus
Don’t bet on sports you don’t know
It’s absolutely essential that you know what you’re doing when you start betting on the exchanges. Fellow punters will exploit any naivety they encounter on this platform, so don’t give them the chance. Always stick to gambling on sports you know and avoid the temptation to place wager on others. Use a Smarkets promo code on a market that you are familiar with.
Don’t forget about bets in running
The exchanges are one place where live betting on horse racing happens. Taking bets in running can offer you even more value than regular markets before an event takes place. Remember, this is not like fixed odds bookmakers, so make whatever prices are on offer work for you!
Not a betting but a trading account
Betting on the exchanges makes you more of trader than punter. You set the odds and decide whether to back prices offered by others or lay odds when you don’t foresee an outcome. Never lose sight of the fact this is not like regular betting, so tailor your approach accordingly.
The variety of sports and markets is very good on Smarkets, so the exchange experience is already pretty good. If you’re not bothered about extras and broader gambling options like casino, slots and table games, and just want to get down to backing and laying outcomes in sports, then this platform will naturally hold plenty of appeal. You need to be that type of serious punter to get the most out of Smarkets. Have a read of our 32red sign up offer to see how these popular offers compare with one another.