Smarkets is an online betting exchange platform that allows users to bet against each other on various sports, events, and odds on other markets. Unlike traditional bookmakers or pools, for instance, Smarkets operates as a peer-to-peer betting exchange, offering competitive odds and a transparent, community-driven betting experience.

How does Smarkets work?

Smarkets works by matching users who want to bet on opposite outcomes of an event. For example, if one user wants to bet that Team A will win a football match and another wants to bet that Team A will lose or draw, Smarkets facilitates the exchange of bets between these users. Smarkets charges a small commission on net winnings but otherwise does not set odds or take any stake or positions on bets.

Is Smarkets legal and licensed?

Yes, Smarkets is a fully licensed and regulated betting exchange platform. It holds licenses from reputable regulatory bodies such as the UK Gambling Commission, the Malta Gaming Authority, and the New Jersey Division of Gaming Enforcement. This ensures that Smarkets operates in compliance with strict regulatory standards and provides a safe and secure betting environment for users.

How do I sign up for Smarkets?

Signing up for Smarkets is quick and easy. Visit the Smarkets website or download the mobile app from the App Store (iOS devices) or Google Play Store (Android devices). Click on the "Sign Up" or "Join Now" button and follow the on-screen instructions to create your account. You must provide some basic personal information and choose a username and password.

What sports and events can I bet on with Smarkets?

Smarkets offers a wide range of betting markets across various sports, events, politics and current affairs, or other categories. Popular sports include football (soccer), tennis, basketball, horse racing, cricket, and more. In addition to sports, Smarkets also offers betting markets on political events, entertainment awards, and other special events.

How can I deposit and withdraw funds on Smarkets?

To deposit funds into your Smarkets account, you can use various payment methods such as debit/credit cards, bank transfers, and e-wallets like PayPal and Skrill. Log in to your account, navigate to the "Deposit" or "Cashier" section, and follow the instructions to make a deposit. Similarly, to withdraw funds, go to the "Withdraw" or "Cashier" section, select your preferred withdrawal method, and follow the instructions to withdraw your winnings.

Is there a mobile app for Smarkets?

Yes, Smarkets offers a mobile app for iOS and Android devices, allowing users to bet on the go. The mobile app offers the same features and functionality as the desktop platform. It allows users to place bets, monitor live markets, make free bets, win more, and manage their accounts conveniently from their smartphones or tablets.

How does Smarkets ensure fair play and integrity?

Smarkets is committed to ensuring fair play and integrity on its platform. It employs advanced algorithms and monitoring systems to detect and prevent suspicious betting activity, such as match-fixing or insider trading. Additionally, Smarkets cooperates with regulatory authorities and sports governing bodies to investigate and address any instances of misconduct or manipulation.

Is customer support available on Smarkets?

Yes, Smarkets provides customer support to assist users with any questions, issues, or concerns they may have. Users can contact the customer support team via email, live chat, or phone during designated hours. Smarkets' support staff are highly trained professionals who strive to provide prompt and helpful assistance to ensure a positive user experience.