Smarkets Review | 2% Commission Betting Exchange

Posted on April 15, 2019 by Toby @ Punter2Pro

Smarkets is the alternative betting exchange every aspiring sports trader should know about. For what it lacks in third party applications, it makes up for in value. Their prices are fair — as any exchange should be — and the 2% commission rate is incredibly low.

The Smarkets exchange is best suited to anyone into Matched Betting, Arbitrage Betting — even casual betting. In an industry where odds largely determine profitability, it’s truly one of the best platforms at your disposal.

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Review

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Advantages Of Smarkets

Only 2% Commission

Smarkets is the original “2% commission exchange”. This flat rate offers significantly better value to Betfair’s standard 5% rate (for new customers).

Don’t Penalise Winners

In contrast to Betfair’s controversial Premium Charge, Smarkets don’t penalise their winners. Instead they reward them with a 1% commission ‘Pro Tier’. Eligible users must?place more than 1,500 bets, or stake more than ￡1m in a calendar month.

Neat User Interface

Smarkets has changed face a few times since its inception in 2008. The latest interface looks modern and sharp; it’s arguably the most attractive betting exchange on the market. Furthermore, it’s the only one that can be switched between a light and a dark theme to suit your preference.

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Disadvantages of Smarkets

Fewer Markets Than Betfair

One of the downfalls of Smarkets is that it doesn’t cover as many sports as Betfair. So even if you prefer Smarkets,?you might need to use another betting account for niche bets.

Lack Of Third Party Applications

Part of being a sports trader is utilising tools to improve, scale, and automate your betting strategy. Smarkets doesn’t yet offer an open API — therefore there’s a distinct lack of third party applications compatible with the exchange. This means no trading software, and thereby much greater difficulty in professionalising your sports betting activity.

Average Liquidity

Liquidity has been a problem for Smarkets. It has improved over time, and nowadays the vast majority of casual bettors will easily get their stakes away at an industry-leading price. However, those dipping in and out of niche markets, or looking to place large stakes, might still be disappointed.

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Smarkets Specification

Sports Betting Markets

American Football
Basketball
Boxing
Cricket
Current Affairs
Darts
Football
Golf
Handball
Horse Racing
Ice Hockey
Politics
Rugby Union
Snooker
Tennis
TV & Entertainment

Payment Options

Visa Debit
Mastercard Debit
Solo / Maestro Card
Credit Cards
PayPal
Skrill
Neteller
Trustly
Bank Transfer

Regulation

UK Gambling Commission
Malta Gaming Authority