Smarkets

Smarkets is a sophisticated betting exchange that allows users to back and lay outcomes on sports, politics, and current events. It positions itself as a more modern, lower-commission alternative to Betfair. By using advanced technology and a clean interface, Smarkets aims to provide the best odds in the industry, facilitating billions of pounds in trading volume annually.

The platform charges a flat 2% commission on net winnings, which is significantly lower than the standard 5% charged by competitors. This makes it a favorite among arbitrage bettors and traders who operate with thin margins. Smarkets is a legitimate, UKGC-regulated operator that brings financial trading principles to the world of sports betting.

Frequently Asked Questions

1. What is the commission rate?

Smarkets charges a flat commission rate of 2% on net winnings for a specific market. If you make a net loss on a market, you do not pay any commission. This low rate is one of the main selling points compared to other exchanges.

2. Is Smarkets suitable for matched betting?

Yes, Smarkets is widely considered the best exchange for matched betting due to its low commission and integration with odds-matching software. The reliable API and "Trade Out" feature make it easy to lock in profits from free bet promotions.

3. specific app available?

Yes, Smarkets has a highly rated mobile app for both iOS and Android. They also have a separate app called "SBK" which is a fixed-odds sportsbook powered by the Smarkets exchange pricing, designed for more casual bettors.

4. Can I bet against an outcome?

Yes, as a betting exchange, Smarkets allows you to "lay" a bet, which means you are betting on something *not* to happen (e.g., betting that England will NOT win). This is essential for trading strategies and hedging risk.

5. Is it safe?

Yes, Smarkets is licensed and regulated by the UK Gambling Commission and the Malta Gaming Authority. They safeguard client funds in ring-fenced accounts, ensuring that your money is protected and separate from the company's operational funds.