Smarkets UK Expert Review (Updated 2022)

Smarkets Review - Our Rating Shows If Smarkets is Reliable

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  • Markets for all major sporting events
  • Competitive betting odds
  • Bet from just 5p!

Welcome to our Smarkets review. We found that this is one of the best betting exchanges currently in the UK. Read our Smarkets ratings to see why this could be the best place for sports betting odds!

Is Smarkets a good betting site? We think it is and it gets better when you get the £10 welcome bonus. If you have lots of betting experience and are looking for the best odds for anything from football to politics, Smarkets is well worth a look. Read our Smarkets review to find out more!

smarkets review uk
Smarkets Pro and Con
  • Excellent sports betting exchange
  • Competitive 2% commission rates
  • Licensed and trusted betting brand
  • User-friendly Smarkets apps
  • Not a betting site for newcomers
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First Impression & Registration - Key points of our Smarkets review

We started our Smarkets review by giving you a quick overview of how this betting site looks and acts. Perfect for seeing if Smarkets is right for you.

Lots of bets to discover

The first thing that our Smarkets review noticed was just how many bets were on this site. It seemed as though Smarkets had more bets than most people were likely to need and these covered everything from standard sports bets to some interesting political bets. Most bookmakers will give you a simple page that’s filled with the sports betting odds and leave it at that. But our Smarkets review found that this site works a little differently as it’s a peer-to-peer betting exchange. As such, if you’re willing to figure out how Smarkets works, it could give you access to some seriously competitive odds.

Stylish and sleek betting exchange

Smarkets is easily one of the best-looking sports betting sites that we’ve come across. It features a sleek black, white and green colour scheme and the whole feel of the betting site is smart and professional. Not that it’s all about superficial charms as the Smarkets site is reasonably straightforward to navigate around. Our Smarkets review found that page loading times were fast and the in-play odds were updated quickly. Of course, a betting exchange works differently from a standard sportsbook, but you’ll find easy ways to back and lay bets and see how the market is reacting.

It’s easy to sign up for Smarkets

Our Smarkets review found that you could register your account with this betting exchange in just a matter of minutes. All that you have to do is to click on the green Create Account button at the top of the homepage and this will ask you to input your email address and come up with a secure password. From here you have to enter your date of birth along with any promo codes you may have. Then it’s just a matter of typing in a few more personal details like your name, address and so on. Finally, you’ll be given chance to enter in your first deposit and then you can start betting.

The Bonus Offer - Decent bonus found in our Smarkets review

So we seriously enjoyed this part of our Smarkets review. This is because there was a decent little offer here that could give you a helping hand on your first bet. As such, you could pick up a £10 welcome bonus to get started at this site. Keep reading to see more about this special offer in our Smarkets review.

How the Smarkets bonus works

Smarkets won’t just give you £10 to play with as you please. Sports betting bonuses rarely work like that. Instead, you will have to carry out a variety of steps and then Smarkets may give you £10 in return.

The first thing that you have to do is to sign up to Smarkets for the very first time. From here, you will have to put down an opening deposit of at least £20 with a debit card. Once you have done this, you will find £10 in extra betting funds have been added to your account. You can then use these extra bets across the legendary Smarkets odds.

If you win with your £10 bet bonus, you’ll get to keep the money as normal. But your first bet loses, then Smarkets will refund your stake up to £10. A great way to get a little insurance for your first sports bets.

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Bonus small print found in our Smarkets review

All betting bonuses will have their terms and conditions and this special offer from Smarkets is no different. One of the major things to consider is the fact that you won’t be able to get this bonus if you make your first deposit with the Skrill, Neteller or PayPal payment methods.

You should also know that the £10 bonus that you receive must be used within seven days otherwise it will get removed from your account. But if you stick with those two points, we think that you should easily be able to take advantage of this top bonus from Smarkets.

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App & Mobile - What is available at Smarkets?

Our Smarkets review found that this is a very forward-thinking betting brand. As such, it’s no massive surprise to find that Smarkets has made it easy to use its betting platform from the convenience of a smartphone or tablet. Here are the two key ways that you can bet on the go at Smarkets.

Android and iOS apps covered by this Smarkets review

You should definitely consider downloading the Smarkets app. This is a great bit of software that you can download to any modern iOS or Android device. It does an amazing job of somehow cramming the entire Smarkets betting exchange into a palm-sized package. We carried out a good amount of this Smarkets review from the app on an iPhone and found that the whole thing ran smoothly. Whether we were betting on a big midweek Premier League match or just making a withdrawal of our winnings, the Smarkets apps did everything in a fluid and logical manner. It’s truly never been easier to enjoy a sports bet while out and about.

The mobile-friendly betting site found in our Smarkets review

So what happens if you don’t want to download another betting app to your smartphone? This is where you simply load up the standard Smarkets website via your mobile browser. We did this and found that the Smarkets site loaded quickly and looked great from the small screen. What’s best is that all of the betting odds were displayed in a way that was easy to read and we could put down our sports bets with just a tap of the smartphone screen. Perhaps not as much fun as using the Smarkets apps, but a good alternative for betting on the go.

Specials & Extras - What else we discovered in our Smarkets review

Smarkets isn’t only about sports betting. Here are a few more cool things that we discovered on this betting exchange.

Bet on politics at Smarkets

It’s worth noting that Smarkets is serious about being a political betting site. This means that you have lots of ways to bet on anything from US politics to the winner of the next London mayoral election. Plus you might be able to bet on other current affairs such as whether the next Olympics will be postponed and so on.

TV and entertainment bets

We found that Smarkets gives you a fun and easy way to bet on the biggest and best TV shows. This means that you can bet on everything from the winner of the next Eurovision Song Contest to who the next Doctor Who will be.

Payments & Limits - Is Smarkets reliable for deposits and withdrawals?

Smarkets is a real money betting site that requires you to deposit your own cash before you start betting. You will also be able to make secure withdrawals from Smarkets. Here is how you move your money around at this betting exchange.

It’s easy to deposit at Smarkets

You can make free deposits via a variety of payment methods at Smarkets. Most people will tend to use a debit card brand like Visa or MasterCard, but there are plenty more options. These include e-wallets like PayPal, Neteller and Skrill, bank transfers and more. All deposits will be instant with the exception of bank transfers which might take up to five working days. You should normally be able to make deposits from a minimum of £10 at a time with most payment methods.

Bank Transfer

Withdrawing your winnings from Smarkets

Making withdrawals via bank transfer will cost you £10 each time, but withdrawals with all other payment methods should be free. Withdrawal processing times vary between two business days for e-wallets like PayPal to up to 10 business days for bank transfers. Bear in mind that you’ll have to withdraw a minimum of £10 at a time with most withdrawal methods.

Support & VIP - Responsive customer care found in our Smarkets review

The good news is that Smarkets will always be by your side when you’re on its betting site. This is because you can get in touch with one of the brand’s customer care agents 24/7. The easiest way to do this is to use the free live chat facility that offers you an effortless way to get any queries resolved.

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Other ways to get in touch with Smarkets

Beyond this live chat service, you can also send the brand a message to its dedicated email support address or even contact the Smarkets customer support team on its Twitter channel. There is a Smarkets UK telephone number, but you should know that this is only open between 9 am and midnight each day. We were also impressed to find that Smarkets has put together a useful help centre that is packed full of articles relating to topics like withdrawals, commission fees and so on.

License & Safety - Is Smarkets trustworthy?

You should be kept perfectly safe when you use the Smarkets betting platform. This is because Smarkets is fully licensed and regulated by the UK Gambling Commission. As a result, you’ll be given a secure and fair sports betting experience under one of the toughest gambling licenses in the world.

UKGC - UK Gambling Commission
MGA - Malta Gaming Authority
Colorado (US)

Keeping your money and data safe at Smarkets

We found that Smarkets runs a fully encrypted website that can take good care of your data. The brand also has a lengthy privacy policy that details how Smarkets will handle your information responsibly. Don’t forget that Smarkets offers you a chance to use many responsible gambling tools so that you can put limits on your stakes, losses and deposits. Plus with a thorough account verification procedure, you’ll have all you need to stay safe at Smarkets.

Smarkets Sports Betting

Betting markets - Lots of bets found in our Smarkets review

Smarkets gives you a great way to bet on all of the biggest and best sports. You’ll find a priority given here to sports like football, tennis and horse racing. But it’s important to note that Smarkets has lots of bets for everything from US sports like American football, baseball and basketball all the way through the classic UK sports such as cricket, darts, snooker, rugby and much more. Don’t forget that Smarkets even allows you to try your luck with recent additions like esports and MMA fighting.

Just so you know, you’ll be able to bet on well over 60 betting markets for each major football match. This gives you a great way to back and lay bets on things like the half-time result, correct score, first goalscorer and much more.

Odds - Our Smarkets review of the betting odds

The whole point of visiting a betting exchange like Smarkets is the belief that betting exchanges give you some of the best odds on the market. This is because you’ll be trading bets against other punters rather than the bookmaker.

We carried out a quick odds comparison test for a Champions League game between Smarkets and one of the largest standard bookmakers in the UK. We found that Smarkets managed to edge ahead with its odds for all three of the 1×2 betting markets. Obviously, you will have to factor in the 2% commission fees that Smarkets imposes, but it’s hard to ignore with the quality of betting odds on offer here.

Limits - Fair limits found in our Smarkets review

We took a good look through the help section at the Smarkets site and found that the brand has some fairly sensible limits on the amount that you are allowed to bet. This means that you can take bets from a minimum of £0.05 at a time and you might be able to bet anywhere up to £99,999.99. There is no information given about the maximum winnings that you can make on the Smarkets site.

Live betting & streaming - Top Smarkets review for live betting

Smarkets hosts an excellent live betting platform. This gives you a fast and easy way to bet live on many classic sports like football, tennis, basketball, basketball, darts, snooker and esports. Just so you know, you should be able to enjoy well over 50 betting markets for even a live match in the lower Italian football leagues.

We didn’t see too much in the way of live streaming at Smarkets. But we did enjoy the way in which some live betting events featured a cool graphic visualiser. By checking out the visualiser and the live statistics, you should be able to base your live bets on much more than just guesswork.

Product Summary & Conclusion - An exceptional Smarkets review

We think that the Smarkets sports betting platform is definitely worth checking out. Some people might initially be put off by the betting exchange interface, but we think that it makes sense and gives you a decent way to back and lay your bets.

All of this is important as Smarkets frequently feature some of the most competitive betting odds for anything from football to horse racing, Obviously, you’ll have to factor in that 2% commission fee, but it’s still great value. Plus with a top-class live betting platform, it’s easy to see why so many people come to Smarkets for their sports bets. So be sure to sign up to Smarkets and see what you can win.

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Smarkets Review FAQ

❓What are the most common Smarkets problems?

It’s fair to say that some newcomers to sports betting might have a few issues when using a betting site as advanced as Smarkets. Check out our Smarkets review to see what kinds of problems you might encounter when you use this betting exchange. Perfect for seeing whether the bookmaker found in our EnergyBet review might be better for your sports betting needs. 

⏰What is the average Smarkets withdrawal time?

The answer to this question depends on which payment method you use to make your withdrawals. Smarkets has a similar number of withdrawal options as we found in our 138-com review and you might find that e-wallet withdrawals are processed faster than bank transfers. Check out our Smarkets review to see the average withdrawal speed of each accepted payment method.

👀What happens if you have your Smarkets account suspended?

There are a few different reasons that could cause Smarkets to suspend your account, but it should be fairly easy to reverse the brand’s decision. Take a look at our Smarkets review and we’ll explore the ways that you are supposed to use this betting exchange. You can then compare it to what we found in our 32red review to see which betting site is best suited to your style of play.

👤Is there a Smarkets live chat service?

Our Smarkets review found that this betting exchange had customer support that was easily as good as what we found in our 888sport review. This means that you should be able to get lots of professional and friendly help with any problems that you might have. Check out our Smarkets sportsbook review to see whether this betting exchange has live chat or whether you have to use email or telephone instead. 

💰Are there any Smarkets commission fees?

If you know anything about betting exchanges, you will know that they usually impose some kind of commission fee on the profits that you make. They do this so as to stay in business. Take a look at our Smarkets review where we examine what kinds of commission fees you might be up against. Perfect for seeing whether the standard kind of bookmaker we found in our 12bet review could be better for your sports betting needs.

Overall Conclusion - Key findings in this Smarkets review

We had plenty of fun carrying out this Smarkets review. This is because this betting exchange gives you a bold and exciting new way to bet on sport. The fact that you can back and lay your bets means that you might find yourself playing with some of the best betting odds on the market. Sure it’s not the most straightforward approach to sports betting, but once you give it a try, there’s no going back. As such, our Smarkets review result was a commendable 80 points out of 100.

Smarkets Strengths and Weaknesses

Everything else about the Smarkets betting site is roughly as we’d expect it to be. Our Smarkets review was impressed with all of the trust features that included UK licensing, full encryption, helpful customer support and reliable payment methods. Plus the Smarkets site was very fast to use and its betting apps were easily some of the best that we have ever come across.

If we had any criticisms, then it would be the fact that there were relatively few bonuses and promotions found in our Smarkets review. But this is a small price to pay when you are considering that you are getting access to some seriously competitive sports betting odds. All in all, an excellent betting exchange.

Smarkets Sports Bonus
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  • Markets for all major sporting events
  • Competitive betting odds
  • Bet from just 5p!

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