Smarkets Welcome Offer – 0% Commission for 60 Days
#ad / 18+. The Smarkets Welcome Offer grants new customers the opportunity to enjoy a 0% commission rate for a duration of 60 days. Throughout this promotional period, you can retain the complete profits from your bets without the usual 2% deducted by the exchange. To avail of this offer, simply use the exclusive Smarkets promo code during the sign-up process. Our Match.Center team is here to guide you on accessing this bonus and offer comparisons with other betting exchanges’ offers. Full T&Cs available at https://smarkets.com/. www.begambleaware.org
Step by Step: How to get the bonus with a Smarkets Promo Code?
Getting the bonus with a Smarkets promo code is a straightforward process. Here is what you need to do:
- Click on the “Create Account” button on the top right
- Enter code COMMFREE in the promo code field during registration process
- Make a first deposit of at least £10 via debit card. Please note that deposits made by Skrill, Neteller, PayPal or a virtual/prepaid card, including virtual Monzo cards, will not qualify for this promotion.
- Once you’ve made your deposit, you’ll be eligible to enjoy trading with a commission rate of 0% on all bets that settle within 60 days from the first deposit.
Key terms and conditions for the Smarkets promo code
- The offer is only available to new users from the UK, Ireland, and Malta.
- This promotion is only available to users 18 years or older.
- There are no limits on payouts while on 0% commission.
- During the registration process, it is necessary to enter the Smarkets promo code “COMMFREE” in the designated field.
- Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion.
- Any bets which settle after the expiry of the eligibility period will settle at standard commission rates.
- This promotion cannot be used in conjunction with any other sign-up promotion, and it is not available to existing SBK sportsbook users or customers who access Smarkets through any API or trading software.
0% Commission Welcome Bonus: How Much Can I Get. Examples
#ad / 18+. The 0% commission welcome bonus allows you to keep 100% of your winnings. You must enter the “COMMFREE” bonus code and meet the £$10 minimum deposit requirement to activate it. After 60 days, the standard 2% commission applies. Full T&Cs available at https://smarkets.com/. www.begambleaware.org
Bet amount | Odd | Bet result | 60-day period with 0% commission | Standard 2% commission |
---|---|---|---|---|
£100 | 1/1 | Win | +£100 | +£98 |
£100 | 1/1 | Loss | -£100 | -£100 |
How does Smarkets’ welcome offer compare with competitors?
Exchange | New customer commission offer | Standard commission rate |
---|---|---|
Smarkets | 0% for 60 days | 2% |
Matchbook | 0% for 90 days | 2% |
BetDAQ | 0% for 100 days | 2% |
Betfair | No 0% commission offer | 5% |
How to use Smarkets?
With Smarkets, you get a user-friendly platform specifically designed for betting exchanges. Here’s a brief overview of some key features:
Back and lay bets
Unlike traditional bookmakers, Smarkets allows users to back (bet for) or lay (bet against) outcomes. Bets are color-coded green for back and blue for lay. Back bets are for an outcome to happen, such as betting for Liverpool to win a match. Lay bets are for an outcome not to happen, such as betting that Liverpool will not win.
Great betting odds
By facilitating direct user-to-user trading, exchanges like Smarkets can offer better odds than mainstream bookies. When placing bets with a bookmaker, you are limited to the odds they provide, which often include a margin that can be as high as 10-15%. This means the bookmaker sets the odds in their favor, resulting in unfair odds that reduce your chances of profitability.
On the other hand, a betting exchange offers a competitive environment for odds. As a peer-to-peer platform, the exchange acts as an intermediary between bettors, allowing them to set their own odds. This results in a market driven by supply and demand, often leading to better odds.
Range of betting markets
The platform covers more than 20 sports. Whether you’re a fan of football, horse racing, tennis, basketball, cricket, darts, golf, handball, ice hockey, MMA, motor sports, rowing, rugby, or snooker, you’ll find a market to bet on. In addition to sports, Smarkets also offers markets in other areas such as politics, TV, and culture. Football, as one of the most popular sports globally, has a significant presence on the platform. Users can place trades not only on the outcome of the match but also on dozens of sub-markets. These include correct score, both teams to score, totals, handicaps, among many others.
However, a successful trade will only occur if there is another Smarkets user willing to bet against your prediction. This implies that in less popular markets, liquidity may be limited.
Smarkets Video Review
Looking for a review of Smarkets? Check out our Smarkets video review as we explore its key features, functionalities, pros and cons, and user experience.
FAQs
Does Smarkets have any other products besides sports betting?
No, Smarkets is focused exclusively on providing a leading betting exchange platform. They do not offer other gambling products like casino, bingo or poker.
How does Smarkets’ welcome offer compare to other betting exchanges?
Smarkets may seem less appealing when compared to its competitors, BetDAQ and Matchbook exchanges. While BetDAQ offers new customers a 0% commission for 100 days and Matchbook for 90 days, Smarkets offers a 60-day period. The Betfair exchange currently charges the highest commission and does not offer a 0% commission promotion at all.
Are exchanges and spread betting identical or distinct from each other?
Betting exchanges and spread betting are different forms of betting. Exchanges are marketplaces where bettors trade bets with others, while spread betting involves predicting if an outcome will be above or below a bookmaker’s spread.