London exchange betting firm Smarkets were founded in 2008. They have grown quickly, probably due to their cracking commission rates. There are a wide range of markets full of liquidity including lots of political events to bet on.
Smarkets Free Bets
Smarkets offer new customers a £10 welcome bonus credited to your account. Simply register your account, verify your email address and deposit £20 with credit or debit card. Once you have lost your first £10 this will refund your first net market loss or losses up to £10. There had previously been a Smarkets £50 offer and Smarkets £50 risk free offer, hopefully these promotions will return soon.
One of the main reasons people chose Smarkets as their bookmaker of choice is their low commission rate. They only charge 2% compared to 5% at some competitors. This different in commission mounts up financially and it really should be considered if you are a frequent exchange user.
Other Smarkets Promotions
Being an exchange promotions are obviously at a premium. However, if you refer a friend to Smarkets both you and your friend will receive a £10 bonus once they have deposited. In the promotions section of the site simply click the button to view your unique Smarkets referral code. Give this to your friend to input in the Referral/Promotion Code when signing up. A nice and simple promotion to take advantage of.
Signing Up To Smarkets
It could not be easier to sign up to Smarkets and takes around 2 minutes. Just provide the usual details and deposit funds in the standard way. You will then receive an email to verify and then you are ready to back and lay on the exchanges.
Exchange Betting Explained
Exchange betting seems confusing at first sight. It is different to traditional sportsbook betting but generally speaking you receive far better odds even with the commission charges. The format allows you to act as a bookmaker and “Lay” bets as well as “Back” them. Just ensure you are aware of your full liability when laying a bet.