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Best Betting Sites UK / Reviews / Smarkets Review

Smarkets UK Review: Our Expert Smarkets Rating For 2024

Is Smarkets Legit: Read Our Verdict On Smarkets Sports and Horse Betting

Sports
Horse Betting
Smarkets Sports
Favicon
4.2/5
  • Excellent website design that means the site looks good, loads quickly and is easy to navigate around
  • Very good customer service contact options that are open at convenient times
  • Varied range of sports on which you can place back and lay bets
Smarkets Sports Bonus
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United Kingdom
Players from United Kingdom accepted
Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.
Smarkets Horse Betting
Favicon
4.7/5
  • Decent horse odds
  • Most races covered
  • Trade your bets
Smarkets Horse Betting Bonus
0% commission for 60 days
Bonus Code
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PayPal
Neteller
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Players from United Kingdom accepted
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Details
Payment Methods
User Reviews 8

Smarkets is a betting exchange that operates in a similar way to the much better-known Betfair.

You get to bet against other punters rather than relying on the odds set by a bookie, and you can place lay as well as back bets. Our Betting.co.uk experts will answer questions like ‘Is Smarkets reliable?’, you’ll see that our Smarkets ratings are strong in key areas like bonus offers, customer service, and range of payment methods.

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Smarkets: Pros & Cons
  • Beautifully designed site
  • Plenty of choice of sports
  • Excellent around the clock customer service
  • No casino or poker offerings at the time of writing
Payment Methods
PayPal
Neteller
Skrill
+
License
UKGC - UK Gambling Commission
Withdrawal
1 – 5 Days
Company
Smarkets (Malta) Limited
Founded
2008
Website
smarkets.com
Available Languages
EN
SV
+
Customer Support
Phone, Email Support
Email
support@smarkets.com
Phone
020 7617 7413
Verified by
GamCare
Overall Rating
4.2/5
  • Bonus Offers & Free Bets
    4.2/5
  • Usability, Look & Feel
    4.2/5
  • Mobile App
    3.9/5
  • Payment Methods
    4.2/5
  • Customer Service
    3.9/5
  • Licence & Security
    4.4/5
  • Rewards & Loyalty Program
    4.2/5
Payment Provider Deposit min/max Deposit time Withdrawal time Safety Approval rate
PayPal very high High
Neteller at least 10€ instant 1 - 2 days high
Skrill at least 10€ instant 1 - 2 days high
Bank Transfer at least 10€ 3 - 5 days 2 - 5 days very high
Paulie
21/05/2023
Excellent
"I use smarkets for matched betting and it is really awesome for this. I have a lot of fun and it's super easy to figure ..."
Nigel
15/05/2023
good and easy to use
"lots of sports to bet on, and great range of matches/races/games etc for each sport as well. You can literally bet on anything"
User Rating
4.4/5
8 User Reviews
5 Stars
50.0%
4 Stars
37.5%
3 Stars
12.5%
2 Stars
0.0%
1 Star
0.0%
Last Updated on 12/06/2024
Fact checked by: Jordan Noble

Bonus Offers

There is a 0% commission welcome bonus for new customers at Smarkets. Smarkets UK customers can claim the offer by depositing at least £10 in their new account. Unlike other Smarkets offers, this bonus is valid for 60 days and applies to all bets settled from the time of the first deposit. But to ensure that you receive the promotion you must use the promo code: COMMFREE when you register your account.

It is also important to note that you cannot claim the offer if you use Skrill, Neteller or PayPal, or a prepaid debit card. You can read more detail about the offer and how to make best use of it by reading the other one of our Smarkets reviews that deals specifically with the Smarkets bonus offer. Is Smarkets reliable? We would certainly say so.

Usability, Look & Feel

The Smarkets ratings are also strong in this area of the Smarkets reviews. Smarkets UK punters can use a site that is predominately black and green. This colour scheme creates a classy impression, and navigation around the site is also slick and simple. If you’re wondering is Smarkets reliable, then you will definitely feel reassured by the site’s strong overall design and accessibility. Is Smarkets secure too? This professional looking site design certainly makes it look like it is. The site loads quickly, and you can find the help section, the contact page and the site’s new blog down at the bottom of the page. The sports are listed along the left side of the page, with many popular markets filling the rest of the screen.

Payments

There is a good range of payment methods available for Smarkets UK punters to use. Visa and Mastercard debit cards can be used for deposits and withdrawals, as can Skrill, Neteller, Trustly and PayPal. Direct bank transfer and Solo/Maestro debit cards can also be used. For Smarkets UK punters, the minimum deposit and withdrawal amount is usually £10, though this varies with one or two methods. You can check in the help section for each specific limit. Bank transfer is the only method for which deposits are not processed instantly, as they take three to five business days. Withdrawal times for all methods vary between one and six business days usually, though, again, there is some variation. Check the site’s help section or enquire at customer service if you have any issues or further queries.

Is Smarkets reliable? This range of payment methods is a good indication that it is. Is Smarkets secure? You can certainly rely on the security systems in place around the choice of payment methods that are available. The Smarkets ratings are strong again in this section of Betting.co.uk’s Smarkets reviews.

PayPal
Neteller
Skrill
Bank Transfer

Customer Service

If you’re wondering is Smarkets secure, then you need to know about the customer service options available to Smarkets UK punters. The Smarkets ratings in this section of the Smarkets sports review are good once again, as the options available to customers are impressive. Smarkets UK customers can contact the site’s customer service team using live chat 24 hours a day, seven days a week. That comprehensive service is complemented by there being a phone number that can be used seven days a week from 9am until midnight. There is also an email address. But that is not the limit to the options. Smarkets have a Twitter account to which you can direct queries, and there is even a postal address that you can use for more detailed enquiries.

Licence & Security

Anyone who is wondering is Smarkets reliable and is Smarkets secure should feel very reassured that this site is licensed by the UK Gambling Commission. If you’re asking is Smarkets secure then you should know that a UKGC licence guarantees certain standards of fairness and safety are being adhered to. This licence means that the Smarkets ratings are strong again in this part of the Smarkets reviews.

Smarkets UK punters can also enjoy additional reassurance knowing that the site uses two-factor authentication (2FA) to provide your transactions with further protection. You can also find links to bodies such as GamStop and Gamble Aware if you feel you might need protection from falling into compulsive or addictive patterns of behaviour around gambling. Take a look at our "is BetVictor reliable?" and "is Leo Vegas safe?" guides to see how good these security measures are.

UKGC - UK Gambling Commission
MGA - Malta Gaming Authority
Colorado (US)

Rewards & Loyalty Programme

The Smarkets ratings are good in all areas apart from the VIP programme, and we hope that Smarkets reviews that particular area of their service soon and improves things. Smarkets UK customers can enjoy a fine range of betting options, though, along with high-quality site design and excellent customer service provision. There is also a very tempting welcome offer available for new customers which we think offers good value. We recommend that you take a look at Smarkets if you’re planning on using a betting exchange soon.

Smarkets Sports Betting

Betting Markets

Is Smarkets reliable when it comes to the choice of sports and betting markets on offer to Smarkets UK punters? We are happy to report that the Smarkets ratings are good in this section of our Smarkets reviews. There is a wide range of betting markets and sports available at this operator. Mainstream sports like football and cricket are well covered, as one would expect, but Smarkets UK punters can also enjoy betting on sports like MMA, handball and table tennis, if they enjoy a slightly more niche option. Significantly, Smarkets UK punters also have some pretty extensive esports options too. When we were putting together our Smarkets reviews we were also pleased to see that there were plenty of options for betting on special markets like politics and TV shows. Is Smarkets secure as an option for punters in search of betting variety? We would have to say yes.

You can compare the range of sports with that on offer at other operators by reading our Gamebookers review and our Dafabet review here at Betting.co.uk.

Betting Odds

As Smarkets is a betting exchange, the odds are set in a different way to those at more conventional sportsbooks. You are betting against other players, rather than against the bookie, so the odds are set differently. Nevertheless, if you enjoy exchange betting, Smarkets UK punters can find some very good value indeed. Is Smarkets reliable when it comes to punters being able to find tempting odds? We would say so, but you do need to remember that betting exchanges work differently. Our Smarkets ratings are definitely strong in this section of our Smarkets reviews. Is Smarkets secure? A betting exchange always keeps customers’ data protected, even when they are technically betting against each other.

You can compare how a betting exchange’s odds are different to a conventional sportsbook’s by reading some of our articles here at Betting.co.uk. You will find our Gentingbet reviews and Sporting Bet reviews useful, for example. So is Smarkets secure compared to other operators? It certainly conforms to industry expectations.

Live betting & streaming

Is Smarkets reliable when it comes to providing a good selection of live betting markets? It is, as we found in play markets available for much more than football. As well as soccer, you can also place live bets on tennis, baseball and cycling, among many other options. There is also a healthy selection of esports options. Is Smarkets secure for live betting fans? Yes it is.

Limits

When we were putting together our Smarkets reviews we discovered that there are very generous betting limits in place at this bookie. Anyone wondering is Smarkets reliable can certainly feel reassured by the fact that you can place a minimum bet of £0.05 and a maximum one of £99,999.99, as long as market conditions allow. The Smarkets ratings are strong in this area too. As there is no casino section at the site, there is no Smarkets casino review to consider when it comes to looking at betting limits.

Is Smarkets secure? As we have stated elsewhere in our review it certainly is. When you are placing either a minimum or maximum bet you can rely on your data being kept safe. You should have no worries on that score.

Conclusion

Is Smarkets reliable when it comes to providing a solid range of options when it comes to the range of betting options on offer for sports punters? The writer who put together our Smarkets reviews certainly believes so. Is Smarkets secure? There are plenty of secure systems in place to protect sports betting punters. But is Smarkets secure when it comes to providing a consistent range of betting options for punters? We are pleased to report that the overall Smarkets ratings are good across the board. But the Smarkets ratings are particularly good when it comes to providing a good variety of sports on which to place back and lay bets. Anyone reading our Smarkets reviews should certainly feel confident that they are making a good choice when they open an account at this betting exchange.

Smarkets Horse Betting

Betting markets - Bets for racing in the UK, Ireland and beyond

You shouldn’t just think of Smarkets as being some cryptic financial spread betting site, as it’s actually a pretty solid horse racing bookie. This is something that can be seen in the fact that the Smarkets horse racing platform is equally comfortable in giving you bets for a race anywhere from Hexham on a cold March morning to the Grand National itself.

Like most decent horse betting sites, the Smarkets horse racing betting service serves up bets for horse racing from all over the world. Want to bet on Japanese horse racing in Sonoda or Urawa? Then you can do it here. Prefer to bet on Australian horse racing in Ipswich or Wagga? Then give Smarkets a try. Plus with our Smarkets horse betting review finding horse racing bets everywhere from New Zealand to South Africa, you’ll have plenty of betting entertainment at Smarkets.

Odds - Trade for superior odds at Smarkets

You’ll probably already know that Smarkets is a betting exchange, rather than a regular bookmaker. This means that you’re betting against other punters rather than the bookie itself. The point of this is that you won’t have to deal with any kind of betting margin here which means that you can frequently get better odds - just don’t forget to factor in Smarkets’ commission fees.

We took a look at the 14:30 race at Huntingdon and saw that the Smarkets horse racing platform had lots of bets to back and lay for each of the runners. What’s important is the fact that the odds here eclipsed what you could find at standard bookmakers. Plus when it came to a massive race like the 14:50 at Cheltenham, there was even more variance in the odds. All of which means that Smarkets is definitely worth checking out if you’re looking for market-beating horse betting odds.

Limits - Flexible betting limits at Smarkets

Our Smarkets horse betting review found that you could put down horse racing bets from a minimum of £0.05 at a time at Smarkets. Conversely, your maximum horse racing bet will be kept at £99,999.99 which is surely enough for most people!

There aren’t any explicit references to the maximum winnings that you can make with your horse racing bets at Smarkets. However, the payouts will ultimately be dictated by the maximum bet limits listed above.

Conclusion - A great alternative to standard horse betting

We’ll admit that we were pretty happy betting on horse racing in the normal way. However, our Smarkets horse betting review has made us reevaluate all of this. After all, the fact that you’re betting against other punters means that you can sometimes pick up some seriously daft odds.

Plus we liked how user-friendly everything was at the Smarkets site so that you don’t need a degree in rocket science to start trading your horse racing bets. Sure, it’s not an approach that’s going to be suitable for everyone, but if you’re looking for superior horse racing odds, then you’ll know where to come!

Horse Betting Bonus
4.7/5
Smarkets
Horse Betting Bonus
4.7/5
0% commission for 60 days
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Smarkets Reviews FAQs

❓Is Smarkets better than Betfair?

If you’re looking to weigh up the relative merits of two betting exchanges, then the best way to do it is to check out our UK bookmaker reviews here at Betting.co.uk. It’s in those that you’ll find the kind of detailed information that allows you to make a properly informed comparison of different operators offering a similar array of services. Whether it's Smarkets reviews or Betfair, there's a treasure trove of information available for you to use at Betting.co.uk so make sure that you access it as often as you need to.

📱How long do Smarkets withdrawals take?

If you’re looking for specific details about how an operator like Smarkets processes withdrawals and deposits, then it is a good idea to look at our operator reviews here at Betting.co.uk. In our reviews, our Betting.co.uk experts offer up the kind of information that we know you as punters need to make properly informed decisions about which betting sites and the best betting offers to use. You can then compare a betting exchange like Smarkets with similar operators to see which of them is the best option for you to take when it comes to choosing a betting site.

🕓Can you cash out early at Smarkets?

If you want to know whether or not a betting site offers features like an early cash out for some bets then you should read our betting site reviews here at Betting.co.uk. As well as dealing with topics like cash out, you can also pick up vital information about aspects of their service like their bonus offers, the prevalence of live betting markets and whether or not their customer service provision reaches an appropriate level of quality. Betting.co.uk can answer most of your gambling related queries and give the best betting strategies and even keep you clued up on things like our Sporting Index reviews, so make sure you come back here again soon!

Conclusion

Is Smarkets reliable? It certainly is when it comes to the overall strength of its all-round services. Is Smarkets secure? Its licensing and security arrangements can testify that it is. The Smarkets ratings are good in all areas apart from the VIP programme, and we hope that Smarkets reviews that particular area of their service soon and improves things. Smarkets UK customers can enjoy a fine range of betting options, though, along with high-quality site design and excellent customer service provision. There is also a very tempting welcome offer available for new customers which we think offers good value. We recommend that you take a look at Smarkets if you’re planning on using a betting exchange soon.

To see how it compares to other top providers, make your way over to our Dafabet rating or STSbet review.

Smarkets Sports
4.2/5
Rating
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Highlights
  • Excellent website design that means the site looks good, loads quickly and is easy to navigate around
  • Very good customer service contact options that are open at convenient times
  • Varied range of sports on which you can place back and lay bets
Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.

User Reviews for Smarkets

4.38/5 – 8 User Reviews

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Sports
Horse Betting
Smarkets Sports
Favicon
4.2/5
  • Excellent website design that means the site looks good, loads quickly and is easy to navigate around
  • Very good customer service contact options that are open at convenient times
  • Varied range of sports on which you can place back and lay bets
Smarkets Sports Bonus
0% commission for 60 days
Bonus Code
Copy
Bet now
PayPal
Neteller
Skrill
Bank Transfer
United Kingdom
Players from United Kingdom accepted
Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.
Smarkets Horse Betting
Favicon
4.7/5
  • Decent horse odds
  • Most races covered
  • Trade your bets
Smarkets Horse Betting Bonus
0% commission for 60 days
Bonus Code
Copy
Play now
PayPal
Neteller
Skrill
Bank Transfer
United Kingdom
Players from United Kingdom accepted
Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.
Smarkets Bonus Details
Sports
Horse Betting
0% commission for 60 days
Type: Bonus
Requirements (WR): -
Min. Deposit: £10
Cashable: No
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Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.
0% commission for 60 days
Type: Bonus
Requirements (WR): -
Min. Deposit: £10
Cashable: No
Bonus Code
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Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.
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