Smarkets? Betting exchange sites are different from regular bookmakers. On betting exchange portals such as (Smarkets and Betfair), punters are betting against each other, not against the bookmaker. Thus, they will have easier challenges, and they can amass large sums! Recently sports betting exchanges have become very popular among British gamblers as they offer higher payouts, low commissions, and optimised offers compared to the traditional bookmakers.
Smarkets has a lot of great perks, on top of them is the very reasonable commission rate (2%)implemented on the winning bets. The most prominent competitor, Betfair, charges a commission of 5%.
In addition, Smarkets offers better betting options on sports, cyber games, current affairs, political events, and drama!
This site was launched in 2008. Since then, it has grown and expanded its services until it reached its current form. At the time of writing, Smarkets‘ player base has reached 33,960,000 customers around the world.
In this quick review, we will discover the most important features of Smarkets, what it has to offer. Also, we will know if it is on GamStop or not.
Smarkets Bonuses and Promos
Bonuses may be a significant downside on Smarkets as it is not an offer other than a welcome bonus. In fact, the small commission they get prevents them from giving their players extra rewards. Therefore, we think it is a somewhat balanced equation.
The Welcome Offer on smarkets
All new players can get a €10 bonus upon their first deposit, but they must do it through a bank card or wire transfer. Note that Skrill and PayPal deposits are excluded from the welcome offer. The minimum stake allowed to activate the offer is €20.
This bonus amount is credited to the player‘s account after the first loss. So, we can consider it a “welcome cashback bonus”!
Available sports and betting markets
Smarkets covers a wide range of sports, including:
- Horse racing
- Ice Hockey
- Formula 1
You will find all the major betting markets available , along with the exotic betting markets as well.
Besides sports and virtual sports, the site also covers betting odds on politics in the UK, Europe, the US, and the world!
Live betting at Smarkets
Although the live betting section isn’t the main section of the site, it covers all sports and presents all betting markets. The downside here is that all live bets are delayed by four to eight seconds. So, you will not benefit from the changing markets quickly.
Single bets may not be attractive to many old hand bettors who prefer to collect higher winnings from combination bets even if they involve major risks! Smarkets offers a lot of pre-made compound bets that you can win if all the included bets come true, but if one leg or more lets you down, you will lose your entire combined bet. Also, note that all compound bets are pre-made, and players can’t create their bets like in bookmakers.
Are Smarkets on GameStop?
As any operator that holds the UKGC license, Smarkets integrates GamStop and exclude any player who wants to resume betting during his self exclusion period. So, if you have an active account on the UK national online gambling self-exclusion service, you will not be able to play at Smarkets, Betfair or any other UK betting exchange portal. Is this the end? Of course not! You can sign up for any of the sports betting sites outside of Gamstop, which we will recommend you in the following section:
Best Smarkets Betting Sites not on GamStop
First of all, sports betting sites outside GamStop are not associated with any severe downsides! They are responsible sites operating from outside the UK, so they aren't required to integrate GamStop, GamCare, or any other local charity. With that being said, all non GamStop betting sites are aware of problem gambling and try to limit it by continually advising players to play responsibly, not betting with money they can’t afford to lose. In addition, all offshore betting portals have an internal self-exclusionscheme that vulnerable players can use to prevent themselves from accessing their accounts for a period of their choosing!
All non GamStop betting sites take players’ protection very seriously. They implement the latest security encryption protocols, offer 24/4 support service, and have experienced programmers’ teams who rapidly solve any glitch.
Below, we have recommended the best 3 bookmakers not covered by GamStop and provide an overview for each one.
Kaboom casino is one of the most recent sites inthe online gambling realm. However, it has all the capabilities needed to be a solid competitor to the time-tested brands. Sure, we could say it is on par with Smarkets in terms of reputation and fame. However, it surpasses it in other points of comparison. For example, but not limited to the bonuses and promos. Kaboomcasino offers its newbies a set of three consecutive bonuses with an amount of up to €3,000. Also, returning players can opt-in to tournaments and lotto contests that the site offers weekly.
At Kaboom casino, players have the chance to bet on the most significant events in sports, such as: (UEFA Champions League, Europa League, NCAA Championship, BCS National Title Game, Rugby World Cup, World Baseball Classic, The Masters). Also, you will findunsung championships like the Burkina Faso Division 3 league! The betting markets vary according to the event you wish to bet on, but you will find the basic options always available like: (Result, Double Chance, Handicaps, Over/Under, totals). If you want to know more info about this site, click here.
Platinum Club VIP Casino
Although the casino name may make you feel it is only for whale players, you will get a VIP betting experience with reasonable deposits and any amount you want to bet with! The site’s bonus bouquet includes six different bonuses, four of which is for loyal players, and there are two offers that newbies can choose from. If you’re one of the crypto apostles, you can get a 500% welcome offer over your first deposit. On the other hand, fiat currency users aren’toutdated as they can get a 100% welcome offer with an amount of up to €100.
The sports section offers more than 40 global sports, the most popular: (Football, Tennis, Basketball, Table Tennis, American Football, Ice Hockey, Baseball, Handball). There is an option to predict every event in a match, starting from the result to the average of corner kicks! Also, there is a dedicated section for racing sports like horse racing and greyhounds racing. If you’re needy for speed, you can find in this section what you need for! Platinum Club VIPcovers eSports and cyber sports betting. If you want to know more info about this site, click here.
Chilli Reels Casino
Chilli Reels casino is a new site that provides all gambling options to all players! On this site, you will find a plethora of casino games, a great collection of live casino games, full coverage of sports betting options, and lucrative lotto. The site features lightning withdrawals, plenty of great rewards for both new and loyal players alike. New players get a set of bonuses of up to 4000 EUR spread on their first four deposits with a bunch of free spins thrown in. This site has an easy-to-use interface compatible with all Android and iOS devices alike. On par with Smarkets, this site covers all sports betting markets, along with politics, current affairs, and TV.
Smarkets is a reputable betting exchange portal in which players can place bets against each other. There are many areas where Smarkets shines. It takes a reasonable commission, gives newbies a fair welcome offer, and has many innovative products. However, Smarkets is on GamStop! So, if you’re on this exclusion scheme, you will not be able to play there till the selected period passes.