Smarkets Experiences

Smarkets was founded in 2008 as a betting exchange and since then has achieved an excellent standing in the industry. In Germany the company is still largely unknown, but in Great Britain the stock exchange has long been one of the most popular contacts in the industry. Smarkets has already demonstrated its qualities on a number of occasions, particularly in the political arena, and in 2010 and 2012 declared the later winners of the British General Election and the US presidential election to be favourites far ahead of the casting of votes. In England, the betting exchange is therefore a fixed institution in the business, which of course can convince with full seriousness and security.

Our Smarkets experiences at a glance

The British betting exchange is equipped with several licenses. In addition to the British license from the Gambling Commission, the company also holds an official license from the Maltese Lottery and Gaming Authority. This is also valid for German customers and therefore provides all necessary proof that it is a serious and secure offer.

Nowadays, however, it is well known that a secure appearance alone cannot win a betting customer. However, the portfolio and the remaining areas of the betting exchange can also be seen. Tippers have a relatively wide selection of sports available here and can also place their bets during the game. Plus points are also awarded for the small bonus of ten euros, which is paid in the form of a cash back bet. The customer support also presents itself in a good light and should be easily accessible. Unfortunately, the popular electronic PayPal deposit is currently not used here, but the tippers have numerous alternatives to choose from with which payments can be processed quickly and securely.

Smarkets in Check: Fraud or serious?

The establishment in 2008 of course already provides a first indication that it is a serious and secure provider. After all, the betting exchange has already been very successful in the industry for eight years and is considered to be one of the leading forces in the scene, especially in Great Britain. Nevertheless, Smarkets is of course also equipped with “commercially available” and fully-fledged licenses that make fraud or rip-off impossible. By the regulation of the independent authorities it is guaranteed that here no crooked business can be transacted and the Tipper therefore completely in safe hands are.

Beyond that the respectable impression is underlined also by the customer support. This is attainable only in English, the coworkers can be contacted however over several ways and supply after our experiences with Smarketes also within shortest time a satisfying answer to the inquiry.

The betting portfolio at Smarkets

The portfolio is constantly updated to meet the changing demands of customers. At the same time, Smarkets has been known for several years to have a good nose, especially in political debates. Consequently also the politics bets can be seen here beside the sport bets.

Sport and politics bets en masse

In the Wettportfolio of Smarkets are at present 15 different kinds of sport. Unmistakable are thereby the British influences, which the enterprise brought in ?from the island? into its offer. Although the main focus is on football and horse betting, the portfolio also includes cricket and rugby. The selection of betting disciplines is complemented by tennis, baseball, basketball, boxing, golf, handball, ice hockey and motor sports. As already mentioned, however, an enormous part is also reserved for the areas of politics and current affairs. Here the players can not only bet on election results or the like, but also determine the winners of the next big casting shows or bet on the results of the Eurovision Song Contest. In recent years, however, the betting exchange has made a special name for itself in the field of political betting.

Live betting

The live betting area is a very important factor for the attractiveness of a bookmaker or betting exchange. Although Smarkets players cannot bet on all available sports here, the majority of customers should be fully satisfied with football, tennis, basketball and golf. There are special advantages in this category for the selection of betting markets. In addition to the regular three-way bets for victory, draw and defeat, bets can also be placed on the half-time/final score, the correct result, two-way bets and goal bets. The goal bets differ once again in different areas. For example, you can bet on whether both teams will score in the game or how many goals will be scored in the game. All in all, the live betting area is very appealing, since there are always several betting markets in the other disciplines.

Odds key

As with any betting exchange, it is above all the above-average odds that attract the betting community at Smarkets. The exchange only collects a commission of two percent, so the “costs” for the player can be kept lower. This means in reverse: Here better odds are offered than with regular bookmakers. They have often included a certain profit margin in the quotes, which pushes the values down. The bottom line is that almost every event in the stock market has significantly higher odds.

Bet tax

The bet tax is a tiresome topic for German customers. Since 2012, the German tax authorities have been demanding a tax of five percent on sports bets, which is usually passed on directly to customers by the bookmakers and betting exchanges. Either directly with the Tippabgabe or after the evaluation of the profit then normally the tax is deducted. The German clientele is therefore likely to be sensitive to the fact that Smarkets has so far taken over this tax in full. Here is therefore tax-free bet, because apart from the commission the stock exchange deducts no further expenses from the employment or profit.

bonus for new customers

New customers may be pleased with Smarkets about a bonus at a value of ten euro, which is spent in form of a Cash Back bet. This bonus is measured by the amount of the first deposit, as a minimum deposit of 20 euros is required. In this respect, it is roughly a 50 percent deposit bonus, which is then only issued in the event of loss of the first bet. The stake will then be refunded – up to an amount of ten euros. However, this refund is not payable, but must be used at least once again.

If winnings are achieved with the free bet, they go directly into the tipper’s pocket and can therefore also be paid out without any problems. Each player has 90 days to fulfill the requirements. Thus this offer is not necessarily the most generous bonus on the market, but the welcome offer is not linked to particularly extensive sales conditions. Here Smarkets shows up enormously customer-friendly and underlines besides by the transparent and easy requirements again the Seriosit├Ąt of the own offer.

Inpayments and disbursements with Smarkets

At times of the Internet crime is particularly during possible payment procedures all largest caution ordered. Smarkets is of course aware of this and therefore relies exclusively on secure payment methods in its portfolio. Every transaction is completely secured with SSL encryption, thus offering all users optimum security. At the same time, the choice of payment options is quite versatile and should enable every tipper to fill up his account securely and conveniently within a few moments.

For transaction processing, Maestro, Bank├╝berweisung, Neteller and Skrill are available in addition to Mastercard and Visa credit cards. The minimum deposit amount varies between the payment methods, but it is not possible to deposit less than ten euros. If, for example, you pay by bank transfer, you must allow for a minimum deposit of 20 euros. There are no fees, only users of Mastercard and Visa credit cards have to reckon with a fee of 2.5 percent. The maximum deposit amount also varies and is limited to 5,000 euros per day for Neteller and Skrill. However, there is no upper limit for bank transfers and credit cards.

Payouts are made using all methods that could also be used for the deposit. In addition, it must be ensured that the payment method used for the transaction with which the money was deposited to the betting account is used exactly. Who made thus its deposit with Neteller, that can disburse also only by Neteller again. The required minimum payout amount is usually ten euros, only for a payout to the bank account at least 20 euros are due. However, the betting exchange does not charge any fees for the payout. Depending on the chosen payment method, the money will be transferred to your account within one to ten working days, according to our experience with Smarkets. In addition to the fixed payment method, customers must also pay attention to an identity check, which is due before the first payment. Even if this appears somewhat disturbing at first sight, then this procedure underlines likewise the respectable and proper function of the enterprise.

Security and regulation

The betting exchange is licensed and regulated by the British Gambling Commission for all UK customers. This is due to the fact that Smarkets is headquartered in the UK capital London. Therefore, the local authorities are also responsible for control and administration. In this case, the Maltese Lottery and Gaming Authority is responsible for the players from Germany. Since Smarkets (Limited) Malta, which is also responsible for sales in Germany, is located in Malta, the Maltese authority is responsible here. In both cases, the players can rely on the fact that all rules and regulations are always adhered to. Fraud or rip-off can therefore be completely ruled out, as the authorities are known to have their independent eye everywhere. At the same time, however, security is also provided within the betting exchange, which is implemented, for example, by age or identity checks.

For the general security of players, SSL encryption is used throughout the website to encrypt all form entries and payment transactions. Here the enterprise is technically on the newest conditions, so that also in this regard no danger threatens and from a completely safe offerer can be spoken.

Support and Kundenservice Kundenservice

The German clientele must consider before the first discussion with the customer support that this is available exclusively in English language. The core authority lies now times in the mother country, so that the remaining clientele must adapt a small little. That is however no large problem, because naturally the coworkers are conscious themselves in the customer support of it and give themselves therefore largest trouble to arrange the discussion as pleasantly and understandably as possible. Employees can be reached via live chat, e-mail, post and telephone. Smarkets is also quite active in social networks, especially Twitter, so that in case of doubt contact is also possible here. Employees can be reached by telephone daily from 9 a.m. to 7 p.m., but this is a British telephone number that is charged with the corresponding fees. Live chat is probably the better choice and is also available from 9 am to 11 pm.

If you want to get around the conversation with the support, you can take a look at the FAQ section of the betting exchange before making an enquiry. After our experience a majority of the questions is already answered here – however likewise only in English.

User friendliness of the web page

Smarkets united on its Internet side a piece far the classical period with the modern period. The structure generally tunes rather for the modern trend and convinces particularly by a well structured menu. The individual play selection is then again rather the classical representative, which reflects itself particularly in a well-known submenu. Unfortunately, this does not offer many filter functions, so that the integrated search function should be used in any case. With this function, bets can be removed from the offer within a few seconds, making it possible to place bets quickly and easily. The bottom line is that the user-friendliness has been very successful and should not drive customers to despair.

Mobile App

A mobile app in the form of a native download variant is not yet offered by Smarkets. As a quick-witted alternative, however, the betting exchange presents an optimized version of its regular homepage. This Web App has the advantage that it does not have to be downloaded first and is callable from each mobile terminal from. The entire betting portfolio is integrated here, so that you don’t have to do without anything while on the move. There are also plus points for the intuitive design, which makes a lasting contribution to a good orientation.

Fazit

Smarkets has been one of the best betting exchanges of its time since 2008, and not without good reason. The company offers an attractive portfolio, which is enormously well equipped, especially in the areas of football, horses and politics. The live betting area, in which numerous different betting markets are available, is also convincing. Doubts about seriousness and security are also not justified, as all licensing and regulations are taken over by official authorities. Fraud or rip-off are thus made impossible, which is why we can recommend the stock exchange unreservedly. As a special extra, every new customer should also grab the bonus if the first bet goes wrong.