Register now at Smarkets and use the Smarkets Referral Code 2020 to take part in the Welcome Bonus which entitles all new users to a £10 Risk-Free Bet if they make a deposit of £20 or more. Don’t miss out on this opportunity to start off at this top betting exchange with a head start!
Unfortunately, Smarkets bonus code is not available at the moment. Feel free to visit Mr Green’s review and learn more about their offer.
Smarkets is an online betting exchange which means the site offers peer to peer betting. This means bettors will bet against each other rather than against a bookmaker. This differentiates betting exchanges from traditional betting shops and bookmakers as the betting exchanges allow users to act as the bookie, by setting the odds for an event or the customer who bets on the other customer’s odds. As Smarkets has no risk in this type of bet, they only take a commission. The 2% commission rate at Smarkets is one of the lowest available in the world and is considered well below the default rate.
Smarkets sportsbook provides users with a wide range of sports and events to choose from including many of the most popular Irish sports such as Football, Horse Racing, Rugby and Cricket. InPlay betting is also available at the site. Read our Smarkets review and you’ll learn all that it takes to claim your Smarkets bonus code.
Take a look at the table below and read the main terms and requirements related to the Smarkets Referral Code 2020:
|Smarkets Welcome Bonus||Bonus description||Smarkets Promotion Code|
|Deposit Bonus||£10 risk-free bet on your first deposit||Learn more here!|
|Minimum Deposit||£20||Learn more here!|
|General Conditions||18+ | New users only||Learn more here!|
|Excluded Deposit Methods||Skrill, Neteller||Learn more here!|
|Smarkets Referral Code 2020||New Customers Only||Learn more here!|
Certain requirements must be met before users may activate and withdraw the bonus money from the welcome bonus given by the Smarkets promotion code:
Claiming your Smarkets promotion code is a quick and easy process that will require for new users to first create a Smarkets account and then make their first deposit on the site. Use the following step by step guide to ensure you have no issues accepting the bonus:
If you run into any issues claiming your bonus you may contact the Smarkets Customer Support Team to remedy any issues or refer to the FAQ page.
The Smarkets platform can be accessed from both a browser-based client on PC and Mobile and a Mobile App. The browser-based client can be used on any updated browser such as Google Chrome, Mozilla Firefox, Internet Explorer or Safari. The mobile browser-based client is optimized for mobile devices and provides all the same functionalities as the PC browser-based client.
Users who have iOS and Android mobile devices may acquire the Smarkets mobile app on from iTunes or Google Play respectively. The Smarkets Mobile Application is very robust allowing users to trade efficiently and providing quick links to all your favourite bets. Mobile login, mobile payments and live betting are all available with the Smarkets Mobile Application.
The main reason for Smarkets success is the use of a betting exchange system which gives users the chance to make peer to peer bets. What this means is that users will be betting against other users and not Smarkets. Smarkets will simply take a small 2% commission from bets and act as a facilitator. Bookmakers one the other hand require much larger margins, with a bookmaker you can only bet on the odds they offer, which includes their margin which can sometimes get as high as 20%. This is the major advantage of Smarkets; the ability to make peer to peer bets based on supply and demand.
Another reason betting exchanges can provide a better alternative than bookmakers is the ability of users to both back and lay and outcome. Basically, bettors can act as a bookmaker by setting odds for an event or they can act like a customer by backing the odds set by another bettor. This gives users the chance to take the side of the bet which they prefer, rather than being forced to bet against the bookmaker.
With a bookmaker, users can be restricted to the odds available for them to bet on, which have been set by the oddsmakers. Betting exchanges remedy this situation by giving the option to back the result as well as bet head-to-head against other users and create their own odds – one backing and one laying. So if a user wants better odds they can set them and find another user who is willing to take them.
All in all betting exchanges provide users with many advantages which bookmakers cannot match. The ability to place bets with low margins and preferred odds can be very advantageous to the right bettor. For more information on exchange betting and tutorials on how to place your bets visit the help section of the Smarkets website.
The Smarkets site uses a simple and efficient layout to give users the opportunity to make wagers without having to spend a majority of their time searching through bets. A quick search bar can be found at the top of the homepage of the site which allows users to enter in any sport or team they are looking for and perform a refined search. The top markets and quick links to all of the most popular sports can also be found on the homepage.
The help section and contact details can be found for the site at the bottom of the page.
Placing a bet is very easy at the Smarkets odds feed once you get the hang of it. Users may choose to bet on a team or against a team. So for example, in a football match users will have the chance to bet on the Home Team and against the Home Team as well as for the Away Team and against the Away Team. The odds are different when betting for or against a team.
To place the bet simply click on the odds of the bet you would like to wager on. The betting slip will immediately pop-up on your screen. You may then type in your stake and click on the ‘PLACE BET’ button to complete the bet. The amount of money already traded on a bet will be displayed underneath the bet to give users a feel for which bets are popular at any given time.
Lay betting is an option on any betting exchange which allows a user to take the same position as a traditional bookmaker by offering odds to other users. At its core lay betting in a very simple form of reverse betting or placing a back bet. Basically, a user backs an outcome they think will win, while laying an outcome they believe will lose.
When placing a lay bet you are effectively playing the role of a bookmaker by offering a counterparty odds on a particular result. If that result happens, you will pay them whereas if it doesn’t you will receive the backer’s stake.
For example, you could make a lay bet on Arsenal and the UEFA Champions League where you would allow users to bet on Arsenal winning the Championship and take all other teams. This widens your range of winning and gives you the opportunity to reverse bet teams who you think have odds that are higher than they should be.
Liability is an important part of lay betting. When backing an outcome, your liability is simple to calculate as it’s your stake. But unlike back bets where you can only lose your stake regardless of the odds, a lay bet will be dependant on the odds.
For example, if you lay a football team 2.50 odds to win a match your liability would be £15 on a £10 stake. You are offering odds of 2.50 to someone else who is backing the horse to win with a £10 stake. If the horse wins, you pay the backer £25, but If the horse fails to win, you win their £10 stake. Basically, you are the bookmaker!
One of the main attractions to the Smarkets site is the wide selection of sports and leagues to choose from for trade bettors. Users may access all of the popular UK and Ireland sports with leagues from all across the globe. Football, in particular, is extremely popular at Smarkets with all of the most popular leagues such as the Bundesliga, English Premier League, Brasileiro Series A and the UEFA Champions League all up for peer to peer betting. Other popular sports include Horse Racing, Tennis, American Football and Basketball.
Football is the most wagered on the sport at Smarkets which is very important in peer to peer betting sites. This means that there will be a lot of options of bets set by other users on the site which can be wagered on. The site gives Irish punters the opportunity to bet on leagues from all over the world ranging from outright bets on major tournaments to prop bets on single matches. Most games will feature dozens of possible bets with users constantly putting up newly defined odds and live betting markets.
As mentioned above a wide selection of betting markets are always available at Smarkets. As many of the markets are created by supply and demand in a peer to peer system, the markets can vary from match to match. The following are the most popular football betting markets at Smarkets:
Goals Over/Under – over/under bets allow bettors to place a wager on whether they believe the total number of goals in a match will be over or under a specific number of goals. For example, a number of goals may be set at 2.5 goals; if both teams score 2 or fewer goals the under would win and 3 or more goals, the over would win. At Smarkets over/under bets are set by peers, giving users multiple over/under bets with varying odds.
Handicaps – football bettors will have the opportunity to set their own handicap or bet on a handicap set by one of their peers using a +/- system. For example, a user may give the home team + 2 goals to begin a match, giving increased odds to the Away Team and decreasing the odds for the Home Team. The odds for a handicapped bet will fluctuate depending on how many goals a team is afforded or handicapped. Smarkets has a range of handicap bets including Asian Handicaps.
Player to Score – odds will be provided on each player to score a goal in a select match. Only goals scored within the match will qualify for a winning bet, all penalty shootouts will not be valid. Users may further increase their odds on a Player to Score bet by picking which half a player will score the goal.
Double Chance – with double chance bets users may bet on two outcomes of a match with the same bet. Users may bet on the Home Team and a Draw or the Away Team and a Draw or Either Team to win but no draw. The odds will decrease in a 2X bet as the probability of winning is greater, the advantage comes through the insurance of having two outcomes covered.
Both Teams to Score – users may bet on whether both teams will score in the match. If only one team scores or if neither team scores a user will lose this bet.
To bet on all of your favourite football teams with an extra £10 risk-free bet, make sure you register at Smarkets today and activate the Welcome Bonus!
Tennis is another one of the popular betting options at Smarkets. With the exchange system, tennis bets can be produced both through the backing bets or by laying bets. Users may choose to on a player or against a player, taking on liability if the player wins.
All of the major tennis tournaments from around the world are covered by Smarkets with special consideration given to Grand Slams and Major ATP tournaments. Live betting, in particular, is very popular with tennis as users may place wagers on the winner of a certain set, game or even point. Exact scores on a set can also be laid if a user chooses to.
Much like football, tennis has a variety of betting markets for users to choose from at Smarkets. As with all bets, users will have the choice to back or lay. Some of the most popular tennis betting markets currently at Smarkets are:
Set Winner – users may bet on whether a player will win a particular set. The overall outcome of the match will not affect the result of this bet. Even if the player who is bet on to win the set ends up losing the match, the best will still be paid out.
Score – score bets allow users to choose the exact number of sets that a player will win by. So for example in a 5 set match, users will have the choice of betting on a variety of different possibilities such as a 3-0 win, 3-1 win or a 3-2 win. As the winning combination must be exact, the odds of score bets can be very high.
Rugby is another one of the most highly wagered on sports at Smarkets. Smarkets both Rugby Union and Rugby Leagues for Irish and UK bettors to wager on. Some of the most popular leagues available for betting are English Premiership, European Champions Cup, New Zealand Mitre Cup, the Rugby World Cup and Six Nations. Rugby League matches such as from the NRL are also available for betting at Smarkets.
Smarkets provides a number of different betting markets for Rugby enthusiasts to wager on both with back and lay betting. Some of the top betting options for rugby are:
Handicaps – users may use a +/- system to create specific odds for bets. The odds will change based on how many points are awarded or taken from a team. So for example, users may lay a bet where they give a team -10 points to start the game. In this case, the team chosen will have increased odds due to the starting disadvantage. Asian Handicaps are available at Smarkets on Rugby bets.
Halftime – with half-time bets users may bet on who will win the first half of a rugby match. The result at the end of the match will be on no consequence, this bet only requires that a team wins the first half of a match.
Winning Margin – bettors may wager on what the winning margin will be in victory for a certain team. The odds are greatly increased if users can decipher the exact winning margin to victory.
Smarkets is not known for providing many promotions but when they do give users offers they should be jumped on immediately. Most offers that do go through the Smarkets site introductory offers which give users bonus money. The following offers are currently available at the Smarkets site:
The Smarkets Referral Code 2020 gives users the chance to win a free £10 to start off with. All users need to do is open a Smarkets account and deposit a minimum of £20 as your first funding with them. Then any losses up to £10 that are made to start off on the site will be automatically refunded. In order to withdraw any rebated funds, you must wager at least the qualifying deposit on any combination of markets. This must take place within the promotional period which is three months if the wagers have not been completed within the allotted period the unused bonus will expire. The promotion is open to new users making their first deposit by card or bank transfer only.
For more information and terms and conditions, you may visit the Smarkets site or read the Welcome Bonus Requirements Section above.
Smarkets uses a referral programme which rewards users for introducing new members to the site. They way it works is both the user and the user’s referral will earn a risk-free bonus of £10 upon registration at the site and certain requirements being met. The referred friend must use the Smarkets Referral Code 2020 when registering onto the site. The Smarkets Referral Code 2020 will be sent to the referred friend by Smarkets in the referring e-mail.
Referrals must make their first deposit by card or bank transfer, first deposits by Skrill or Neteller will not be valid. Both accounts(referrer and referee) must have placed bets with Smarkets coming to a minimum liability of £20.
Live in-play betting is available at Smarkets, applying the same peer to peer structure on live bets. Live betting gives users the opportunity to place bets on select sporting events while they are occurring, giving users that missed the pre-match betting a second chance to wager on a sporting event. Live betting also provides different betting markets as events can be wagered on as the match develops. For example, in a football match, a user may get the opportunity to place a wager on the next team to score a goal even after the first few goals have been scored. Due to Smarkets high liquidity live bets for betting markets normally difficult to bet on at a betting exchange are possible.
Users should note that the odds of a sporting event when live betting will be constantly fluctuating based on the state of the game. The Smarkets ‘Instant Match’ feature makes matched betting in-play a whole lot easier by submitting and placing your bet into a market without being subject to an in-play betting delay. Basically, once our bets have been matched, they will be subject to a confirmation period of 8 seconds. They will be shown as pending until confirmed. Bets will always be confirmed case as long as nothing game changing happens within those 8 seconds.
Live betting can be found for almost every sport at Smarkets with a special emphasis given to popular sports in the UK and Ireland such as football, rugby, horse racing and cricket. To access the live betting schedule at Smarkets users may click on the ‘IN PLAY’ button found on the menu bar down the right-hand side of the page.
Live betting can be accessed both via mobile browser and on your mobile device using the Smarkets Mobile Application.
A number of secure and convenient payment options are available at Smarkets for users to make deposit and withdrawals. Deposit options give users funds instantaneously and withdrawal options may require 3-10 days for the money to realize based on the method prescribed. Keep in mind that Neteller and Skrill payment methods will not be available to users who are looking to qualify for the Welcome Bonus. The following is a full list of payment methods available at Smarkets:
Hopefully, this list of available Smarkets deposit methods is sufficient to conveniently withdraw your money from Smarkets.
Customer Service is taken very seriously at Smarkets with a robust help centre which includes a very well written FAQ and Help Guide. Users may contact the Smarkets Customer Support Team through a number of different methods. The most recommended option is the live chat feature which is available 24/7 when logged on to a Smarkets account. Other options include:
Phone Number: +44 207 617 7413 (Customers only, 09:00-19:00)
A Smarkets forum is also available for users to chat amongst themselves. The forum operates with a separate login to your Smarkets Betting Account and will require a special registration before you may post in the forum. To do this choose an email or password or by signing in with your Facebook or Google account.
By using a betting exchange system Smarkets has completely changed the landscape of online betting. Along with other major exchange betting sites such as Betfair, Smarkets leads the way in a commission based betting market. With a commission as low as 2%, which is leading in the UK and Irish region, Smarkets gives users the perfect exchange betting platform to maximize their winnings without paying huge margins to the sports book. The high liquidity of the Smarkets page also gives users the ability to place a wide range of bets which are almost always met with counter-bets.
Don’t forget about the Welcome Bonus and the Smarkets Referral Code 2020 when registering at the Smarkets site. The offer gives users the chance to start off their stint at Smarkets with a risk-free £10 in bets. All users need to do is open a Smarkets account and deposit a minimum of £20 and any losses up to £10 that are made to begin with will be automatically refunded. Coupled with the Smarkets Refer A Friend bonus which requires a Smarkets Referral Code 2020, users will have the chance to win up to £20. Don’t miss out, register now! Hopefully, you got all the information you need in our Smarkets review. Also, feel free to find out more information about bookmakers welcome bonuses available now.
18+ | Commercial Content | Wagering and T&C's Apply | Play Responsibly | For New Customers Only