New customers only, 18+, Deposit at least £20 to qualify for the welcome offer, deposit restrictions apply, Unused bonus expire after 3 months, one offer per customer
How to claim £10 Welcome Bonus
Click on this Smarkets link
Register a new Smarkets account
Make a first deposit of £10 or more
Once you have placed a first bet of £10 or more, you can claim a free £10 welcome bonus which can be used on a sports betting market of your choice.
Enjoy 2% commission on all your exchange bets
Smarkets are also giving you the chance to enjoy fantastic odds without paying too much commission. It’s a simple case of making your back or lay bets and only paying 2% commission on any of the profits that you make.
When you compare this with the 5% that betfair charge, it’s clear that it’s worth trying out Smarkets and seeing if you can land yourself bigger profits from your trades.
How to place bets with Smarkets
When you first visit the Smarkets website, it might be a little confusing if you are used to fixed odds betting. However, the same principle applies. You find a sports betting market and you can choose to place a normal bet on a selection.
You will find an amount of money underneath all of the “back” prices although you’re not limited by that amount should you wish to bet more. It might just be that you have to wait for the remaining amount to be matched.
In addition to placing “back” bets, there is also the option to lay bets. Essentially, Smarkets exchange is a person-to-person operator which means that Smarkets set up the markets pages and then customers create the prices in accordance with what they think the odds should be.
Smarkets also provide lots of information relating to each football match or horse race, illustrating where the money has gone and the % chance of each outcome happening based on the amount traded.