Review of Smarkets sportsbook – online sport betting
Smarkets is one of the exchanges, which is involved in sports betting. People believe that it is the main competitor of the best betting exchange BetFair. Smarkets tries to become a leading betting company, reducing commission to 2%, which is the lowest fee on the market.
Smarkets online started its activities in 2010. It was founded by the research staff officers Jason Trost and Hunter Morris. The license is issued in Malta and in the UK. It allows accepting bets from players all over the world. According to Smarkets reviews this betting company can be a real competitor to BetFair.
Registration for users from the United States of America, Turkey and France is limited on Smarkets resource, though bettors from Russia and other Eastern European countries are welcomed there.
Smarkets betting website looks unusual. Navigation is not user-friendly. First-timers are unlikely to find the proper section and information at once. The developers tried to create a resource that meets the latest demands and technological progress but failed. It looks quite handsome, but is littered with unnecessary data. Online resource of Smarkets sometimes slows and drops offline. They should think of improving their website quality.
The betting site is designed in dark green colour combined with white. Smarkets sportsbook doesn`t provide its users with casino games or poker. It is completely devoted to betting on various sports events. The information blocks are in the upper part of the screen. The links for the quick move to particular parts of the sports line are located on the left. In the centre of the screen there are current and upcoming top events.
Below you can come across the available information about Smarkets betting exchange, including the license, warranty, agreements, betting rules, terms and conditions, etc. Live section is performed poorly. It contains only the most popular events, and the odds are updated very slowly.
The registration procedure is quite simple. You should insert email address, password, date of birth and select currency. Be attentive, you won`t be able to change currency hereafter.
Smarkets official website is only translated into English. It means that employees speak only English too. This service must be improved as the bookmaker targets the international market.
Smarkets sportsbook provides several standard means of communication. You can send them email at email@example.com or twit them at @SmarketsTech. These services operate around the clock and seven days a week.
Every customer can call them at +44 207 617 7413. They give consultations via phone only to registered users and work from 9.00 am till 7.00 pm. For signed in customers there is an opportunity to write in live chat. It is available day-night. For the official issues the bookmaker provides postal address.
Deposit and withdrawal methods, payout times
You can fund your account and withdraw funds by means of such electronic payment systems as Visa, MasterCard, Maestro, Eurocard, Solo, Skrill, Neteller and bank transfers. Smarkets accepts all the major currencies, such as Euro, British pound, US/Australian/Canadian dollar, Japanese Yen, Swiss Franc, Swedish Krona and some other.
All the deposits, except for Visa, MasterCard and Eurocard are free. Above mentioned payment systems charge 2.5% fee. Bank transfers take up to 3-5 days. Minimum deposit is 10 British pounds or equivalent.
If you withdraw using bank transfers, you have to pay 10 pounds or 12 Euros fee. The withdrawal processing is about 5-10 days. Other payment methods demand no fee. The quickest way to payout is to use Skrill or Neteller. They will take from one to two business days. Minimum withdrawal sum is 10 Euros/pounds/US dollars. Maximum sum is not limited.
Transactions at Smarkets are secured by TLS and SSL systems, so you can be confident in all your financial operations.
Betting coverage and odds
Smarkets online sport betting offers competitive betting options. The bookmaker provides more than 20 kinds of sport in every season. It covers the sports which are in demand among British customers. Smarkets betting is aimed at horse racing, football, tennis, basketball, cricket, golf, handball, hockey, rugby and volleyball. You can also find wagers on non-sporting events, like politics, TV shows, social events, and so on.
The number of markets at Smarkets is on the average level. It is inferior to the leading betting companies, but can challenge BetFair. The sportsbook covers about 15-20 markets on football matches. One can place a bet on winner, halftime/fulltime, correct score, draw no bet, both teams score, over/under, different totals and some other options.
The odds at Smarkets online betting are very competitive. Betting exchange odds depend on the demand for a particular event among the bettors. Therefore, a large number of active users helps to keep the odds quite high. The odds on equivalent events are at 1.97-1.98.
Mobile betting and promotions
Smarkets betting exchange doesn`t provide a variety of bonus offers. For example, there is a bonus for new users, of up to 10 pounds. The actual number of bonus money depends on the amount the user first transferred to his personal account. Your qualifying deposit must be 20 pounds. If you lose your any £ 10 bet, you will get a refund at once.
Smarkets provides mobile site. So you can bet at Smarkets, using your mobile browser. It is customized for live betting either.
Smarkets is licensed in Malta and by Gambling Commission. It is also partnered with GamCare. The bookmaker is regarded to be a reliable bookmaker, though there periodically appear some claims. Smarkets offers the highest odds and charges only 2% commission.
The financial operations are secured by TLS and SSL systems. Users` personal information is also encoded. So you can feel safe playing at Smarkets sportsbook. The maximum withdrawals are not limited, which perfectly suits to professional bettors.