If you want to give peer to peer betting a go then you might want to learn all about the Smarkets promo code. Smarkets is one of the UK’s leading betting exchanges so unlocking the welcome bonus here will get your new bankroll off to a great start.
Overview of Smarkets promo code & sign up offer for 2026
| Smarkets offers | Bonus Description | Promo code | Register |
|---|---|---|---|
| Smarkets welcome bonus |
Trade with 0% commission for 60 days |
Activate
COMMFREE
|
Register
|
What is the Smarkets sign up offer?
Using the Smarkets UK promo code COMMFREE, new customers at the platform will be able to trade on the site with 0% commission for 60 days. The deal comes in to force after bettors make their first deposit of at least £10.
The commission will not be applied on all bets that settle within 60 days from the first deposit. That’s two months’ worth of commission free trading.
Smarkets is a betting exchange and these type of sites make their money through the commission rather than losing customer bets. When you bet at a site like this, you are betting bet against other punters rather than the house.
This can lead to better odds, as Smarkets charge a small commission of 2% on all winning bets. Bets settled after the 60 day period is up will be subject to that 2% commission.
How to claim the Smarkets sign up offer
To claim the Smarkets welcome bonus, follow these step-by-step instructions.
- Use the link on this page and you will be redirected to the Smarkets website.
- The Smarkets new customer bonus landing page will open in a new tab and you will be presented with the offer and the registration form.
- On the right side of the page, fill in you email, password twice, first and last name, date of birth, country of residence, home address and mobile phone number.
- Next, enter the Smarkets bonus code COMMFREE in the box provided (this may be pre-filled).
- Tick the two boxes, one for marketing communications and one that agrees to the terms and conditions of the Smarkets platform.
- Finally, click on the Create Account button to open your new account.
- Now you need to top your account’s balance with at least £10.
- To do this, hit the Balance button in the top right corner of the site and then take the deposit option.
- Choose one of the following banking options to make your qualifying deposit: Visa, Mastercard, Maestro, Instant Bank Transfer.
- Enter the amount of money you wish to transfer into your account, remembering that £10 is the minimum amount you need to enter if you want to unlock 0% trading commission for 60 days.
That’s it! You can begin to bet against your fellow UK punters.
Key terms & conditions explained
The full terms and conditions for Smarkets welcome offer are stated below:
- Bettors must make a first deposit of at least £10 in a single amount to be eligible for the new customer welcome offer.
- Users making their first deposit by Skrill, Neteller, PayPal (best PayPal betting sites), virtual Monzo cards or a virtual or prepaid card will not qualify for this promotion.
- You must enter the Smarkets promo code COMMFREE in the promo code field during registration.
- Commission will not be added on all bets that settle within 60 days from the first deposit.
- Any bets which settle after the expiry of the eligibility period will settle at standard commission rate of 2%.
- Once the promotional period has elapsed the account will be set to the default commission rate of 2%.
- Customers who access Smarkets through any API or trading software will be ineligible for this offer.
- The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, IP address or shared computer.
- This promotion cannot be used in conjunction with any other sign up promotion.
- Existing SBK sportsbook users are not eligible.
- This promotion is only available to users 18 years or older.
Tips to maximise the Smarkers offer
One of the most significant advantages of a betting exchange is its ability to allow bettors to secure a guaranteed profit in a market or at the very least not suffer any losses. Two effective strategies to achieve wins are back-to-lay and lay-to-back wagers.
On the Smarkets exchange, a winning position is displayed in green and losing positions are shown in blue. The green boxes display the current odds for anyone looking to Back each selection. If you back a selection then you are betting on that outcome happening.
To do so, you need to click the green button and the selection will be automatically added to your betting slip.
The blue boxes show the odds that are available to Lay the selection. If you lay a selection, you will be betting on that outcome not to happen. Again, click the right button and the bet will be added to your betting slip.
One betting exchange tip would be to lay bets at shorter prices than they back them or backing at higher prices than their original lays. The easiest way to win on an exchange is an event where a draw is not possible, such as snooker or a darts knockout tournament.
While the two runner market is the simplest way to secure a win, it is not the only method. In a football match, for example, a third outcome is available in the form of a draw. These techniques aim to eliminate the risk of loss and make wins more possible.
The same principles can be applied to markets with multiple outcomes, such as an eight runner horse race or a football correct score market. It is important to continuously adjust your position until the event concludes, rather than making a single change.
The dynamics of the event provide opportunities to further enhance your position. By employing these strategies, bettors can adeptly navigate the market, ensuring a minimised risk while maximising potential gains.
As is always the case with any type of betting, stick to the markets and sports that you know best. Remember, you are betting against other people who might be more experienced than you. Like in poker, they will instantly recognise that you could be out of your depth with an unfamiliar sport.
Smarkets payment methods: Covering all the most common UK options
Making deposits and withdrawals at Smarkets is fast, safe and simple. The platform supports numerous secure payment methods like debit cards and e-wallets. Deposits are instant and fee-free. However, processing times and limits can vary by method.
Smarkets deposit options
| Deposit Method | Processing Time | Minimum Deposit | Maximum Deposit | Fees | Bonus Restrictions |
|---|---|---|---|---|---|
| Visa | Instant | £10 | £3,500 | None | None |
| Mastercard | Instant | £10 | £3,500 | None | None |
| Visa Electron | Instant | £10 | £3,500 | None | None |
| Maestro | Instant | £10 | £3,500 | None | None |
| Instant Bank Transfer | Instant | £10 | £10,000 | None | None |
| Trustly | Instant | £10 | £10,000 | None | None |
| PayPal | Instant | £20 | £200 | None | None |
| Skrill | Instant | £10 | £5,000 | None | None |
| Neteller | Instant | £10 | £5,000 | None | None |
Smarkets withdrawal options
| Withdrawal Method | Processing Times | Minimum Withdrawal | Maximum Withdrawal | Fees | Bonus Restrictions |
|---|---|---|---|---|---|
| Visa | 1 – 6 business days | £10 | No max | None | None |
| Mastercard | 1 – 6 business days | £10 | No max | None | None |
| Visa Electron | 1 – 6 business days | £10 | No max | None | None |
| Maestro | 1 – 6 business days | £10 | No max | None | None |
| Instant Bank Transfer | 12 hours | £20 | No max | None | None |
| Trustly | 1 – 2 business days | £10 | No max | None | None |
| PayPal | 1 – 2 business days | £10 | No max | None | None |
| Skrill | 1 – 2 business days | £10 | No max | None | None |
| Neteller | 1 – 2 business days | £10 | No max | None | None |
An overview of Smarkets best features
Smarkets is not your average UK sports betting platform – not by a long shot. This exchange provides a platform in which you can bet against other players, rather than making your bet against the bookmaker per se. As you will discover, Smarkets gives you the prime place to make back and lay wagers, which is where you are backing for or against a particular outcome.
As UK betting exchanges go, Smarkets is one of the best. As you'll see below, there is a lot to like about this platform.
Smarkets betting markets & odds
Unlike SBK, the Smarkets site can be accessed on desktop and via mobile. What you will find at Smarkets is a lot of sports for you to bet on with your fellow bettors. There are 26 betting markets to play with such as the following:
- Football
- Horse Racing
- News and Politics
- Tennis
- American Football
- Australian Football
- Baseball
- Basketball
- Boxing
- Cricket
- Cycling
- Darts
- Esports
- Gaelic football
- Golf
- Greyhound Racing
- Handball
- Ice Hockey
- Hurling
- MMA
- Motorsports
- Rugby League
- Rugby Union
- Snooker
- Table Tennis
- TV and Specials
That is your typical range of sports betting markets variety, it’s just that the way you bet at Smarkets that differs from your typical sports betting platform. All of the events that are happening in sport, politics or TV and entertainment are covered.
For example, if you want to bet on the UEFA Champions League final, you can bet on all of the regular options that you would at the best football betting sites, just on something happening or not happening and against other bettors.
Smarkets live betting features
Unfortunately, Smarkets do not offer live streaming. You can, however, bet in play. You can also watch live event statistics in real time so that you know how the action is unfolding.
Back and lay bets
Since Smarkets operates as an exchange instead of a regular sportsbook, members have the ability to make back and lay bets. If you're unfamiliar with how these bets work, let us give you a brief overview.
When you place a back bet, you are simply betting that an outcome will actually occur, whereas if you place a lay bet, you are betting that this outcome will not occur. Placing a lay bet can cover several outcomes with just a single bet. This is one of the main advantages of using an exchange rather than a regular online sportsbook.
These back and lay bets are color-coded on this site to make things even easier, which is particularly useful if you are brand new to the concept of using a betting exchange. Just know that when you are making a bet with Smarkets, there has to be enough money in that particular market for your bet to be ‘matched’, so just keep this in mind.
Exclusive accumulators
If you enjoy accumulator betting, you will love Smarkets. Yes, you can construct your own accumulator bets, just as you can at any site, but Smarkets is fantastic for creating special accumulators that you can wager on.
These specialty bets are usually reserved for higher football leagues, such as top-tier European football, and the odds are usually very appealing indeed. Of course, you can choose to back the accumulator to win or make a bet against it through the ‘lay’ markets, which is pretty cool.
Making accumulator bets has long been a favorite form of betting in the UK, but needless to say, it can be quite time-consuming to build your own accumulator and look through all of the research and statistics. This is where the exclusive accumulators that Smarkets comes up with can be particularly handy. These exclusive bets tend to include three or four games, and since the bet is already made for you, you can simply choose to back it or make a lay bet against it. This can save you a lot of time and effort in the long run, and since this site tends to throw in rather uncertain events into the mix too, the odds can be pretty high.
Low commission rates
As we mentioned earlier, betting exchanges will take a percentage of all winning bets on the site, as this is how they run the business. However, Smarkets is highly competitive as the site generally takes just a 0% commission, which is lower than other exchanges in the UK.
If you compare this to a site like Betfair, which takes a 5% cut on each bet, this is much more desirable in the long run. And from time to time, Smarkets runs promotions where punters can enjoy 0% commission.
Smarkets mobile app experience
There is a Smarkets mobile app that is available on both the App Store and Google Play. The Smarkets main browser site will also work well on mobile devices. Either way, due to the app being superbly designed, you can expect slick graphics and an all-around user-friendly experience.
It’s very easy to place a bet on the move, and bettors can enjoy all of the unique features offered by Smarkets on the mobile app. The app has a 4.8 out of 5 rating on the Apple App Store and has been downloaded more than 50,000 times from the Google Play store.
Smarkets welcome offer vs other exchange sites in the UK
Smarkets is definitely one of the best sports betting exchanges in the UK. However, it’s not the only exchange in the country. How does it compare to its rivals?
| Bookmaker | Welcome Offer | Qualifying Deposit | Bonus Restrictions | Odds Requirement | Online Casino |
|---|---|---|---|---|---|
| Smarkets | 0% Commission for 60 days | £10 | None | N/A | No |
| Betdaq | 0% Commission for 100 days | £10 | Paypal, Neteller & Skrill excluded | 2.0 | Yes |
| Betfair | Deposit £20, Play with £40 | £20 | 10x wagering within 90 days | 1.6 | Yes |
| Spreadex | Bet £10, Get £60 | £10 | 1x wagering | 1/2 | Yes |
| SBK | £30 free bet | £10 | 1x wagering | 2.0 | Yes |
Responsible gambling information
Smarkets employs a dedicated customer support team that you can talk to at any time if you need to. There is also a handy Safer Gambling hub where you can access all of the help and information that you might require.
As part of its Safer Gambling Toolkit, players can set deposit, loss, and stake limits, gambling blocks, take a timeout, self-exclude, and access a ton of safer betting information. You will also find links to the following gambling harm charities.
GamCare
GamCare provides support for the prevention and treatment of gambling addiction. They offer support and services through chatrooms, a national helpline, and both online and face-to-face counselling.
Contact details:
- Phone: 0808 8020 133
- Website: http://www.gamcare.org.uk
Gamblers Anonymous
Gamblers Anonymous or ‘GA’ are a group of people who have joined together to tackle their own gambling problems and help others who suffer from gambling addiction do the same.
Contact details:
- UK website: http://www.gamblersanonymous.org.uk
- International website: http://www.gamblersanonymous.org
Gambling Therapy (Gordon Moody)
Gambling Therapy (Gordon Moody) offers free advice and support to anyone affected by problem gambling. Support is given via live chat, emails, support groups, and forums.
Contact details:
- Website: https://www.gamblingtherapy.org/en
National Problem Gambling Clinic
The National Problem Gambling Clinic treats problem gamblers in England and Wales. It also offers advice for family members who may be affected by someone's gambling and assist with financial, employment, social, and relationship difficulties.
Contact details:
- Phone: 020 7381 7722
- Website: https://www.cnwl.nhs.uk/services/mental-health-services/addictions-and-substance-misuse/national-problem-gambling-clinic
Big Deal
Big Deal, operated by GamCare, is targeted primarily at supporting and educating those who feel that they may have an issue with underage gambling.
Contact details:
- Phone: 0808 8020 133
- Website: https://www.bigdeal.org.uk/
Samaritans
Samaritans offer professional round-the-clock support.
Contact details:
- Phone: 116 123
- Website: https://www.samaritans.org/
Our verdict on Smarkets – Highly recommended for exchanges
Smarkets is an award winning sports betting company headquartered in London that processes billions of pounds in traded volume each year. That’s a pretty impressive number but I am hardly surprised as this operator really knows what it’s doing.
It’s true that, unlike other betting exchanges, it doesn’t offer a accompanying casino or sportsbook. But, although accessed through a separate app, you can use your Smarkets account to bet on the SBK platform. SBK takes its excellent odds by drawing prices from the exchange and using them in a sleek sportsbook interface.
Smarkets takes its peer to peer exchange betting extremely seriously and it shows when you bet there. If you are looking for your next betting exchange experience, then Smarkets comes highly recommended.
Smarkets sign up offer FAQs
Where as Smarkets usually charge a 2% commission fee on winning bets, you can get your first 60 days commission free if you sign up and use the Smarkets promo code COMMFREE.
Jason Trost founded Smarkets in 2008 and the platform is still independent today as Trost is still the CEO and the company is owned and operated by Smarkets Limited.
es, Smarkets (Malta) Limited is licenced and regulated in Great Britain by the United Kingdom Gambling Commission under the account number 39173. It also carries a licence outside of the UK that has been issued by the Malta Gaming Authority, so it’s pretty legit.
OK, so the preferred documents are passport, driving licence with photo or a national identity card. If you don’t possess a photo ID, Smarkets will request the following, your birth certificate, front of the bank card used to deposit, recent bank statement showing your Smarkets transaction. You also need to provide a proof of address document such as a recent utility bill.
You can contact Smarkets in the following ways; by email ([email protected]), live chat, X.com (@SmarketsTech) or by post at 1 Commodity Quay, St. Katharine Docks, London, E1W 1AZ, United Kingdom.