In this guide, I’ll help you get set up with a Smarkets Exchange account and introduce you to their site.
Smarkets offer one of the most technically advanced betting exchanges in the world and with industry-leading commission rates, they pose a serious threat to Betfair in the betting exchange sector.
Smarkets Sign Up Offer
Smarkets are currently offering all new customers a £10.00 bonus to get things started.
Simply deposit £20.00 or more and Smarkets will refund your first £10.00 of losses in cash.
To get the offer, simply click ‘CLAIM £10 BONUS‘ and you should then see a page that looks like this…
There’s no promotional code required to claim this offer. Simply complete the form and hit ‘CONTINUE’.
Once you’ve entered the last few bits of info, click ‘SAVE DETAILS‘ and you’re all set!
Depositing funds
You don’t need to worry about depositing funds until you’re ready to place your first bet.
Once the time comes, it’s just a case of clicking ‘DEPOSIT‘ from the drop-down in the top right hand corner.
You’ll see a number of payment methods available, including Credit/Debit Card and Trustly.
Smarkets homepage
The Smarkets Exchange is very user-friendly and finding our way around is pretty straightforward.
All available sports are listed down the left-hand side, and if we’re looking for a particular event, we can also use the search box at the top of the page.
The top markets are showcased in the centre of the homepage for ease of access. So if we want to take a look at the Portugal v Spain markets, we can select it here.
Smarkets markets
Once you’ve selected an event, you’ll see a page that looks like this…
The available markets are listed down the centre of the page.
More often than not though, we’re interested in the Winner market, which we’ll now take a closer look at.
Smarkets Exchange explained
All markets are split into two halves; a green half and a blue half.
The green column represents the best available back odds for each selection.
For matched betting purposes, we just need to focus on the blue column, which shows us the best available lay odds for each selection.
The monetary values underneath the odds show us how much is available to back or lay at those particular odds. This is known as the liquidity.
How to lay a bet on Smarkets
Laying a bet on Smarkets is really straightforward.
We simply find the selection we want to lay and click the corresponding blue button. So if we wanted to lay Spain, we would click the ‘1.99‘ button…
Once that has been applied to our betslip, we just need to enter the amount we wish to lay in the ‘BACK STAKE‘ box and click ‘PLACE BET‘…
As you can see, our potential profit or loss for the possible outcomes are shown on the left-hand side…
As you can see, our liability for this lay bet is £9.90.
So, just to clarify here… we are betting against Spain.
If Spain win, we’ll lose £9.90 to the backer.
If Spain don’t win (if they draw or lose), we’ll win the backer’s stake of £10.00 (minus 2% commission).
Don’t worry if you’re still a little unsure of things. Everything should click into place once you get started with your first couple of offers.
Steve
Guest userI like this guide, nice and easy to follow. Don’t suppose you have a similar level one for using the trade out button on Smarkets? Particularly regards 2 ups.
I’m getting myself confused over what the figures mean.
Thanks
Matt
514That’s great to hear Steve. I don’t have a guide specifically for their trade out option, but if you have a question, I’d be happy to try and help.
If you’re interested in reading up on 2UP offers, you should find my Bet365 Early Payout (2UP) guide useful.
Steve
Guest userCheers Matt, will have a read of it. Thanks very much, appreciate it.
Matt
514No problem Steve.
Steve
Guest userMe again, no biggie but if you have a wee moment mate, your early pay out calculator is on the blink. I’m on Inter just now and keeping a close eye on the odds.
Matt
514I’m not seeing any issues with the calculator Steve. What seems to be the problem?
Steve
Guest userYour right, I’m an idiot. As I’m with Smarkets I tend to forget about the commission, so did indeed forget to put 0 in that box.
Sorry mate. Great calculator and thanks for all your help and tips.
Matt
514Ah no problem Steve, at least there are no issues!
You’re welcome mate. It’s great to hear you’re finding things useful.
Seby Pegado
Guest userHi Matt,
Just to let you know I’ve just signed up to Smarkets and as per their terms I have a credit for refund on losses £10 as a welcome gift which is valid for 7 days only.
How can I make profit from this offer, do I have to back n lay this type of offer, bit confused. Please can you walk me through this offer.
Thanking you,
Regards,
Seby Pegado
Matt
514Hi Seby, thanks for reaching out. You should find my Smarkets sign up offer guide helpful…
https://matchedbettingblog.com/new-customer-offer/smarkets/