Claiming bonuses when signing up to a new operator. On the face of it, they can look generous, but when you read the terms and conditions you find there are a whole range of hoops you need to jump through to qualify. Not only that, there are usually requirements to play through your bonus a certain number of times which can leave you with nothing like the impressive sum, you saw when you hit the join now button.
In contrast, the bonus at Smarkets is about as simple as you can get. It might not be a huge sum but covering the first £10 of losses with account credits is easy to qualify for (you don’t need a Smarkets bonus code) and easy to fulfil your side of the deal.
Bonus Code *****
T&Cs apply, 18+
- Register as normal at Smarkets.com
- Make an initial deposit of at least £20 using an approved deposit method (Skrill, Neteller, and PayPal are excluded)
- Start placing your bets, any losses up to a total of £10 will be credited to your account.
- Make sure you use your credits within 7 days to complete your bonus without a Smarkets bonus code.
As mentioned above, the bonus without a Smarkets bonus code is simple but there are a few terms and conditions to consider. To have your losses up to £10 credited, you need to deposit at least £20 and bet at least this amount while the promotion is running. You have to use your credits within 7 days or you will lose them, as mentioned above.
You can’t claim the bonus without a Smarkets bonus code if you deposit using Skrill, Neteller, or PayPal or if somebody at the same address, or uses the same computer has already claimed the offer. You cannot use this offer while you are also using any other offer at Smarkets.
Once you have used your bonus without a Smarkets bonus code, you will no longer be refunded for any losses. Any bettor or trader wants to keep their losses to a minimum, while also accepting they will not win all the time.
Even the ‘theoretically risk-free’ approach of matched betting is not risk free if you do not follow the rules, or make one of the mistakes that are easy pitfalls for both the novice and experienced bettor to fall into.
Having unrealistic expectations
There are a couple of basic mistakes that can lead to others and start the dominoes falling. Foremost among these is having the expectation that you are never going to lose, and the day after you start betting or trading that money is just going fall in on you every time you open the door.
Realistically, you will be doing well to win anything like half of the time, and if you are thinking of ‘trading’ using an exchange like Smarkets, margins can be quite small and it is usually the volume of trades over time that builds a bank.
The approach should be one of sustainability and building funds over time rather than swooping in and making a fortune, as attempting to do that can trigger the next mistake
Chasing your losses
Having unrealistic expectations like doubling your money every week or even every day, can make you think you are doing badly when in fact you might be doing very well. This can lead to you chasing losses which is a sure-fire way of creating even more of them.
It might seem obvious but it is the easiest trap to fall into because it is all based on emotion and not that plan you promised faithfully to stick to earlier that day. You will consider bets you would have laughed at before you made those original losses, or up your stakes trying to hit a target and instead dig yourself into an even deeper hole.
Any experienced bettor will tell you not to chase your losses because they know that one afternoon of rash decisions can undo several weeks or even months of disciplined bank building.
Not sticking to your plan
It is the mismanagement of this bank that is the next mistake. You need to set yourself some rules as a novice bettor or trader, and only allow yourself some latitude as you gain experience. It is correct that this way you will occasionally leave money on the table by sticking to your plan. But at the same time you shouldn’t suffer excessive losses either.
Equally as damaging as chasing losses is changing your plan based on limited information and personal observation over a short period of time. In these circumstances, making a bad bet and winning by pure luck can be more damaging than making a bad bet and losing. Not only do you not learn your lesson – you go to make your next decision based on the incorrect assumption you know what you are doing.
There are, of course, more mistakes that both the novice and the experienced bettor can make but these are regarded to be three of the biggest, and as mentioned above, can cause a knock-on effect that can wipe out your entire account in double-quick time.
Bonus rating 90/100
It was easy to mark Smarkets this highly as it is a simple no-nonsense bonus without a Smarkets bonus code that is easy to benefit from without all of the distractions you are likely to find with its competitors with their multiple bonuses and convoluted qualification requirements.
Before we carried out this bonus without a Smarkets bonus code review we were slightly worried that such a small amount would not be enough to appeal to new customers, however once we tested it successfully we found this not to be the case.
If you found Smarkets by searching for a Smarkets sign up code online, or if this is your first encounter with a betting exchange, the bonus you found here will give you a good start, and with your first losses covered you will have been able to place your first bet or maybe two or three without too many worries about losing.
This Smarkets bonus without a Smarkets bonus code review found that this was probably a better longer-term benefit than what you might find elsewhere. Having complicated bonus requirements to fulfil can make you feel like you are trapped and you tend to make bad decisions like the ones covered in the section immediately above.
However, only having simple criteria to fill, and having your initial losses covered can be more liberating. This could lead a new customer to have a long term association with an operator like Smarkets, something we don’t think would be a bad thing at all.