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Exchange review

Smarkets

Our Smarkets review: a clean, low-commission (2%) betting exchange that's great for matched and arbitrage bettors, though liquidity trails Betfair.

9.0 / 10Updated August 4, 2024

Overall

9.0 / 10

Trust

9.3 / 10

Markets

7.2 / 10

Bonus

7.8 / 10

Support

7.8 / 10

How we rate→

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Key facts

License
Not verified
Founded
—
Headline offer
Low commission, user friendly
Affiliate link
Available, marked as sponsored.

Overview

Smarkets Review: A Betting Exchange for Matched and Arbitrage Bettors in 2026

Introduction

Smarkets has emerged as a popular choice among betting exchange enthusiasts, including matched bettors and arbitrage bettors. The platform is easy to use, with low commission rates and a wide range of markets. In this review, we will look closely at the features that make Smarkets an attractive option for matched and arbitrage bettors, and compare it to other established betting exchanges like Betfair and Matchbook.Smarkets image

User Interface and Experience

Smarkets' clean, modern, and intuitive interface is perfect for matched and arbitrage bettors, who need to move quickly between markets and place bets. The platform's design allows users to easily find and track their bets, while the responsive layout ensures smooth access across desktop, tablet, and mobile devices. In comparison, Betfair's interface can be overwhelming for newcomers, while Matchbook's design feels slightly dated. Smarkets' user-friendly approach makes it easy for both beginners and experienced matched and arbitrage bettors to navigate the platform and manage their bets efficiently.

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Betting Markets and Liquidity

Offering a broad range of betting markets, Smarkets caters to popular sports such as football, horse racing, tennis, and cricket, as well as niche markets like politics and entertainment. While Betfair has a larger selection of markets, Smarkets has made significant progress in recent years to expand its offerings and enhance liquidity, which is important for matched and arbitrage bettors. But there is no doubt Betfair is the clear market leader in terms of liquidity. Smarkets is getting closer, but is still quite a bit behind. So if liquidity is your main focus, you should have a look at our Betfair review, or the top ranked BFB247 which gives you access to a full Pinnacle solution in addition to the same excellent Betfair odds.Smarkets image

Commission Rates

Smarkets' low commission rate of 2% on net winnings is good for matched and arbitrage bettors, who rely on small margins to generate profits.

In-Play Betting and Cash Out

Smarkets offers a user-friendly in-play betting experience, featuring live odds on a range of sports and events. The live betting interface allows matched and arbitrage bettors to swiftly place bets during live events, which is important for capitalizing on in-play betting opportunities. Although Betfair's in-play betting product is more advanced, Smarkets' simplicity and ease of use are valuable assets for matched and arbitrage bettors. But also in-play, the liquidity on Betfair based solutions is quite a bit better. Smarkets provide cash-out functionality, which is important for matched and arbitrage bettors looking to lock in profits or minimize losses before an event concludes. While Betfair's cash-out feature is more detailed, Smarkets' implementation is simple and efficient, offering users a reliable tool for bet management.

Customer Support and Security

Smarkets takes customer support seriously, offering a detailed help center and responsive support via live chat, email, and phone. The platform's knowledgeable and friendly support team ensures that matched and arbitrage bettors receive prompt assistance with any queries or issues.Smarkets image

Conclusion

Smarkets provides a fresh, user-friendly alternative to traditional betting exchanges, aimed at the unique needs of matched and arbitrage bettors. By consistently improving its platform and expanding its market offerings, Smarkets has positioned itself as a serious contender against more established competitors like Betfair. But the most important for Matched Bettors is liquidity and tight back/lay spreads. Smarkets still needs to improve this to get a top rating.

FAQ

  1. What is Smarkets, and how does it compare to other betting exchange platforms?
Smarkets is a user-friendly betting exchange that offers competitive odds, low commission rates and a wide range of markets. It is an attractive alternative to other betting exchanges like Betfair and Matchbook, particularly for matched and arbitrage bettors who seek a simple, cost-effective betting experience.
  1. How does Smarkets' user interface compare to Betfair and Matchbook?
Smarkets boasts a clean, modern and intuitive interface, making it easy for users to navigate and place bets. In comparison, Betfair's interface can be overwhelming for newcomers, while Matchbook's design feels slightly dated.
  1. Are Smarkets' commission rates lower than those of Betfair and Matchbook?
Yes, Smarkets offers a flat 2% commission on net winnings, which is significantly lower than Betfair's standard 5% commission. Matchbook employs a volume-based commission structure, with rates ranging from 1.5% to 4%. However, achieving the lowest rate requires high trading volumes, making Smarkets more appealing for casual and experienced bettors alike.
  1. How does Smarkets' in-play betting experience compare to Betfair and Matchbook?
Smarkets provides a user-friendly in-play betting experience with live odds on a range of sports and events. While Betfair's in-play betting product is more advanced, Smarkets' simplicity and ease of use are valuable for matched and arbitrage bettors.
  1. Is Smarkets a good choice for matched and arbitrage bettors?
Yes, Smarkets' low commission rates, improving liquidity, and clean interface make it an excellent choice for matched and arbitrage bettors looking to boost their betting profits.
  1. How does Smarkets compare to betting brokers like BetInAsia and BFB247?
Smarkets operates as a betting exchange, offering peer-to-peer betting and competitive odds. Betting brokers like BetInAsia and BFB247, on the other hand, provide access to different bookmakers and betting exchanges, often with a focus on Asian markets. While Smarkets is ideal for a transparent betting exchange experience, betting brokers cater to more experienced bettors who require access to a wider range of markets and bookmakers.

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