Smarkets 0% Commission until 2024

Smarkets Review

Smarkets is one of the UK’s leading betting exchanges, giving its ever-expanding community of customers a full suite of online betting services to explore. While being centred on sports betting, the Smarkets platform is very different from your usual operator, cleverly combining sports betting with elements of trading. Due to its unique setup, the brand quickly became a direct competitor of Betfair Exchange which operates a similar model but with higher commission levels.

Smarkets was founded in the wonderful city of London in 2008, created by 35 financial experts and software engineers who had a shared vision; to create an innovative gambling platform that spoke to the modern generation of bettors. The business’ CEO, Jason Trost, was inspired to create Smarkets after monitoring bets on the American presidential election, believing there to be little customer participation. This is where the idea for a peer-to-peer betting exchange came from. With Trost’s experience in equities, he believed he could get better returns for bettors. Instead of making money in the same way as traditional bookies, the Smarkets site takes a 2% commission from the users’ net winnings on each market. What's more, users can choose to both lay or back an outcome.

While Smarkets has become a popular online destination for sports bettors looking for more favourable winning odds and prices, Smarkets covers a lot more than your conventional sports betting markets. As well as the traditional sports you would expect to see on a betting site, via Smarkets users can also bet on esports-based tournaments, current affairs and political events around the clock.

So, whether you are into key markets or prefer betting on novelty sports, Smarkets could well be the site for you.

Live Betting and Promotions

Live betting is viewed as the most adrenaline-pinching way to bet on sport. If you agree, you will be happy to learn of Smarket's live betting offering, giving its users the option to bet on games and matches involving all key sports and alternative markets. This is complemented by live statistics that allow you to evaluate a game in real-time and bet accordingly. Data is presented in the form of pie charts and easy-to-understand graphs.

Although Smarkets is eager to separate itself from traditional betting sites, when it comes to promotions, it matches the likes of Ladbrokes and Paddy Power. This is especially true when looking at the free bet promotions. Wanting to entice new players in to enjoy its services, Smarkets makes free bonuses and bet reloads a common occurrence.

The Welcome Free Bet

The very first free bet on offer will be made available on sign up. Note that all new players can claim this. The amount you can claim in free bets and the play-through rate will be dependent on the bonus deal on offer at the time. Smarkets usually runs with a matched deposit deal on registration. This means after you deposit and bet with an initial sum, the site will give you that same volume of money back in the form of a free bet bonus. But, it is not uncommon for Smarkets to promote free bonuses on sign up and further into the membership.

Ongoing and One-off Betting Promotions

Smarkets promotes a large variety of magnificent promotions, all of which differ in value and market focus. This means whether you are betting in the sports, political or alternative markets, there will be a way to enhance odds and maximise on winnings. The promotions list is updated on a weekly basis so be sure to keep an eye on the promotions page regularly to ensure you do not miss out!

Here at betting.bet, we are happy to recommend this betting site, particularly to those who are looking to place lay bets with high stake liquidity. You can register with Smarkets via betting.bet now. The whole process is incredibly quick, as is claiming that initial free bet offer!