The ‘peer-to-peer’ betting offered on this exchange means that users can set their own odds and bet against each other. You can back a selection to win or lay a selection, which is to bet that it won’t win. As long as your bet is matched by another user it will stand, not only before an event starts but right up until the end of any event. You will not struggle to find value in the Smarkets odds, whether pre-event or in-play. The firm charges a comparatively low commission rate of just 2% on any winnings. This is a big selling point and one of the main reasons it’s so popular among sports traders.
There are betting opportunities on 10 of the most popular sports, plus there are markets for Politics. The full list includes Football, Horse Racing, Tennis, Baseball, Basketball, Cricket, Golf, Ice Hockey, Motor Sports, Rugby and Volleyball.
Smarkets football betting is extensive and covers every top-flight game, plus action from all around the globe. This includes all Premier League matches and club games from across Europe, South America, Asia, Africa and Central America. You can bet on international matches too, plus friendlies and exhibition games at both club and international level. Each game has around 25 markets, with popular bets such as Match Odds, Correct Score, Half-Time/Full-Time and BTTS included. Smarkets coupons make it fast and simple to place bets on the Match Betting market for a series of games from different league and cup competitions.
Smarkets horse racing is limited to daily meetings from the UK and Ireland only. This means that there are no markets for international racing, which is a slight drawback when compared to other exchanges. Each race has separate markets for Win Only and To Place. Events for the following day are available as early as mid-afternoon but there tends to be little in the way of market depth until the day of the race.
Betting exchanges can be used in the money making technique of matched betting. Matchedbets.com teaches its members how to make money from bookmaker offers and its guides explain how you can make real cash profits.