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Smarkets Promo Code Jun 2021: Type BETMAX on the sign up form

Smarkets promo codes are popular among new betting exchange customers. The current code is BETMAX, which you should use when registering as a new customer. This unlocks the £10 new player offer.

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BETMAX
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Bonus & Offers details
Get up to £10 in losses refunded in cash 
T&C:

1. Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after seven days of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.

Expires on: 31-12-2021
Last check: 2 days ago

Latest Smarkets Promo Codes for

Bonus Type Bonus Description
Smarkets Promotion Code: BETMAX
Welcome Bonus: £/€10 (T&C Apply)
Free Bets £50 risk free on the Premier League (5 x £10) (T&C Apply)
Horse Racing bonus (5 x £10) total of £50 bonus money (T&C Apply)

Welcome Bonus: Receive a £10 refund on your first market loss.

Why Use Promo Codes on Smarkets?

Promo codes are used to unlock special offers, bonuses, and content that is not available otherwise to players. Many bonuses can only be accessed through promo codes, so not using them would mean that you’d miss out on some exciting offers.

But you must also keep in mind that promo codes usually have a time limit, and they expire after a certain period. It’s always best to enter promo codes during the signup process.

How to Enter Promo Codes While Getting Started with Smarkets

Enter the Smarkets promo code BETMAX

The registration process at Smarkets and quick and simple, and you need to follow these steps:

  • Step 1: Visit their official site and click ‘Create Account’ at the top right corner of the home page.
  • Step 2: Once the sign-up page opens, enter your email address, set a password for your account, and enter your date of birth.
  • Step 3: You will find the box to enter the promo code at the bottom, so put in a valid code here and then click on Continue to proceed to the next step.
  • Step 4: On the next step, you must enter your full name, mobile number (which is optional), and your full address.

Once these steps are completed, your account will be created, and you can now log in. There are still a few things you need to complete before your account is active and ready to make deposits.

First of all, you need to check your email for a confirmation message and verify the email address. Next, you will have to submit some documents to verify your identity and address. Once your documents have been verified, you can proceed to make the first deposit.

Smarkets Welcome Bonus Full Details

Full details of the bonus offer provided by Smarkets are explained below:

Welcome Bonus

The welcome bonus at Smarkets offers all new players a £10 cash refund when they face their first market loss. Let’s take a look at how the bonus works and all related terms and conditions.

Terms and Conditions of the Welcome Bonus

  • You must make a minimum deposit of £20 to qualify for the bonus.
  • After making the deposit, you must place bets on one or more markets.
  • Once the bets have been settled, when you lose bets worth £10, the same amount will be credited to your account. Even if you keep winning your first few bets, the bonus will remain active and will be credited to your account when you bear your first loss.
  • The bonus that is refunded to your account can be withdrawn only after you have placed total bets worth £20.
  • The bonus must either be withdrawn or wagered within 7 days of being credited to your account, after which it will expire.
  • Deposits made from e-wallets such as Neteller, Skrill, and PayPal do not qualify for this welcome bonus offer.

Some Expired Bonuses at Smarkets

Let’s take a look at some bonus offers on Smarkets that have recently expired and are no longer available.

  • Refer a Friend Bonus

The referral bonus at Smarkets granted players a £10 risk-free bonus for every user that registered with their referral code. The bonus expired on 31st March 2020, as you can no longer get this bonus for referring players who sign up after the mentioned date.

  • 0% Commission Rates

From 14th to 21st of July 2020, Smarkets chose selected customers for this offer through an email notification. Selected customers would get the benefit of settling their bets at 0% commission rates.

Detailed Review of Additional Features at Smarkets

For those that haven’t come across the idea of a ‘betting exchange’ before, Smarkets is a platform that might seem a little confusing at first glance. Smarkets is not your average sportsbook platform – not by a long shot. Basically, 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 on the site, Smarkets gives you the prime place to make back and lay wagers, which is where you are backing for or against a particular outcome.

There are literally millions wagered by punters on this site each year, making Smarkets one of the top betting exchanges in the game. And as you will learn as we run through a closer look at Smarkets, the site has all kinds of features that punters crave. Before we get into all of this, if you are wondering about the credibility of the site, let us put you at ease. Smarkets has a full and valid license to offer the services that it currently provides, and the site takes a small commission from each winning bet placed on the platform – that’s how they are able to operate and stay in the game.

Since Smarkets will still be quite new to many of you reading this, we are excited to let you know that you can grab a nice welcome bonus by joining today. Full details of the offer are discussed in the promo code information below.

Multiple features must be taken into account when registering with any sportsbook. To help our readers get a better insight and make a well-informed decision on whether they want to join Smarkets, we have reviewed their most important features in detail.

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. As you can see, by placing a lay bet, you 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 as well 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.

Interesting betting markets

Although Smarkets is a platform that provides services for sports betting, this isn't the only type of wager that you can make on the site. In fact, when you scroll through the list of sports on the left-hand side of the page, you will see all kinds of interesting events that you can easily bet on. Some prime examples of this would be the ability to bet on Current Affairs, TV and Entertainment, and even Esports. Of course, this doesn't mean that you actually need to bet on these events, but it’s quite cool that Smarkets gives you the option in the first place.

And while you might not have thought it, these events can sometimes attract more betting activity than some standard sporting events. If we take the recent US presidential election as a prime example, there were millions staked on the outcome, not to mention that it was quite exciting to watch the results unfold as well.

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.

In our experience, Smarkets comes up with exclusive accumulator bets for a range of sports including football, basketball, tennis, and various others. Just check the top of the main sportsbook page to see these exclusive bets when you are signed in!

Great betting odds

When looking at any online betting site, the first thing punters tend to look at is the quality of the odds. With Smarkets, this is something that you don’t have to worry about. Since the site operates as a betting exchange, you will find the odds are actually some of the highest around. This is because the odds adjust based on market activity, so they regularly provide a ‘true reflection’ of what the general betting public thinks of the event. Without getting too technical, Smarkets is perfectly fine with offering these odds as they make their money based on commission, so higher odds can usually be found with Smarkets compared to mainstream bookmakers.

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 actually highly competitive in this regard as the site generally takes just a 2% 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, although this isn’t currently on offer.

Range of betting markets

Smarkets covers all kinds of sports, but it is the variety of what’s on offer that often grabs the attention of new members. To highlight this variety, Smarkets covers major events for football and horse racing, but when you browse through the markets, you can also find betting odds for TV shows and even politics. Surprisingly, there can be quite a lot of money wagered on these alternative markets too, so they are definitely worth exploring.

Quality of Customer Service

Smarkets offers a lot of options through which customers can get in touch with their representatives. Their live chat feature can be accessed 24/7 on their site, but you must be logged in to get the live chat option. It’s the fastest way to contact them as the response is usually instant or hardly takes a few minutes at most.

They have listed their email address and postal address, and they even have contact helpline where customers can call and speak to their representatives directly. And lastly, you can reach out to them on their official Twitter handle too.

Both email and live chat are the best methods to contact the customer support team. Many customers would prefer phone contact for a direct conversation, but the helpline is not available 24/7, and it’s harder to get through to them on call at all times.

Regardless of what method you use, once you do get a hold of the customer support team, you will find them to be extremely cooperative and professional. They take customer queries seriously and try to take prompt action as best as they can.

Site performance

Smarkets is a rather striking site, and it almost has the look of a stock market trading platform rather than a betting site. It’s just awesome how the site presents graphical representations of betting activity in the markets, and the actual view of the entire platform is solid too. Through the dynamic odds movements and color schemes to highlight back and lay markets, Smarkets feels quite lively on every page. And although it has so many features, it doesn’t take all that long to become familiar with how the site works, despite the fact that it might appear that way initially.

Banking Options and Payment Methods

Smarkets has plenty of payment methods to keep all customers happy and transactions flowing smoothly. All the available deposit and withdrawal methods are listed below.

Deposit Methods:

  • Open Banking – minimum £10.
  • Visa/MasterCard/Eurocard – minimum £10.
  • Solo/Maestro Card – minimum £10.
  • Neteller and Skrill – a minimum of £10 and a maximum of £5000 per day.
  • Trustly – a minimum of £40.
  • PayPal – a minimum of £20 and a maximum of £200 per day.
  • Bank Transfer – a minimum of £20.

All deposits are free and instant, except bank transfer, which takes 3-5 business days.

Withdrawal Methods

  • Open Banking – minimum £10; takes up to 12 hours.
  • Visa/MasterCard/Eurocard – minimum £10; takes 1-6 business days.
  • Solo/Maestro Card – minimum £10; takes 1-6 business days.
  • Neteller and Skrill – minimum £10; takes 1-2 business days.
  • Trustly – minimum £40; takes 1-2 business days.
  • PayPal – minimum £10 and a maximum of £5500; takes 1-2 business days.
  • Bank Transfer – minimum £20; takes 5-10 business days.

Mobile Compatibility and Benefits of Playing on Mobile

It’s no surprise that many players prefer the mobile platform more than desktop when it comes to sportsbooks. After all, desktops can’t offer the flexibility that the mobile platform does. That’s why all the top betting operators launch their own mobile apps without fail. Let’s take a look at how Smarkets fares in the mobile platform.

Mobile App Performance

Smarkets’ mobile app gets more points than their official website in multiple areas. The interface is much more professional and clean than the website. The segmentation of categories is neat and well organized, and users will find everything just a few clicks away. The bet slips are really easy to use, and even first time users will get used to the betting interface right away. So Smarkets design, interface, and ease of use are commendable.

The performance of their app is also fast and smooth, with hardly any bugs or lags. This is to be expected as Smarkets is operated by a team of software engineers and experts in the field of digital technology. Considering every aspect of the app, both Android and iOS users will have a pleasant user experience.

Pros:

  • Extremely sleek and professional design
  • Simple and convenient betting interface
  • Fast performance
  • SBK sportsbook app is an alternative

Cons:

  • Takes up significant storage space
  • Requires permission to install from unknown sources

Mobile Website

If, for any reason, you can’t or don’t want to use the Smarkets app for Android and iOS devices, then you will probably turn to their mobile website. Once again, the benefit of having a team of technical experts at Smarkets is that their mobile site performs flawlessly.

It’s optimized for all mobile browsers and works perfectly for different screen resolutions. However, things may seem a bit congested for smaller screens, but it’s not too big of an issue. In terms of features, the mobile site is exactly the same as the desktop site. Everything that you can do on the desktop site – creating an account, making payments, contacting the customer service – you can do it on the mobile site as well.

Pros:

  • Access to all features of the desktop site remotely
  • Doesn’t take up storage space
  • Loads even faster than the desktop site

Cons:

  • Can’t get push notifications like on the mobile app
  • The interface is not as impressive as the app

Whether you choose to use the mobile app or mobile site, both options give you the freedom to play remotely anytime and anywhere. The push notifications of mobile apps are even more useful to get regular updates. That way, you don’t miss out on important events and matches. For example, if you’re planning to bet in-play for a match, getting notifications for when the match starts will be essential. So you’ll end up enjoying the mobile platforms of Smarkets a lot more than their desktop site.

Our Final Verdict On Smarkets – Not The Best In The Game But Highly Recommended

We won’t try to exaggerate the facts and claim that Smarkets is the best operator in the industry. There are bigger names such as Betfair and William Hill that are more popular and loaded with many more features.

But that should not take away anything from Smarkets as they are a solid competition for the big names in the industry. They have grown big and fast in the past few years and have a solid foundation on the technical side of things.

Whether it’s the website or the apps, there are very few technical issues that customers would face. And even when minor problems arise here and there, the customer support team is really good at handling things nice and quick.

Its app looks really good and performs even better. It has an impressive collection of sports, even including politics and TV entertainment events on their list. And most importantly, their payment systems are secure, fast, and reliable at all times. In the coming years, they should focus on improving their bonuses and promotions, and slowly expand to the online casino industry as well.

All things said and done, Smarkets is an excellent betting exchange operator, and we highly recommend our users to register with them because they are only going to grow bigger and get better with time. So now would be a perfect time to become one of their regular and loyal customers.

Frequently Asked Questions (FAQs) on Smarkets

1. Is Smarkets safe and reliable?

Smarkets has been operating since 2008 and is licensed and regulated by the Malta Gaming Authority. So their services are legal and highly secure.

2. Can I play on Smarkets from anywhere in the UK?

Players from any location in the UK can place bets on Smarkets. It is based in the UK itself with its headquarters in central London.

3. What can I do if I forget the password for my Smarkets account?

If you ever forget the password for your account, you can provide your email address and date of birth, and you will receive instructions to reset the password on your email.

4. How can I close my Smarkets account?

If you wish to close your Smarkets account permanently, you must contact the customer support team as you can’t do it on your own from the website or the app.

5. Can I get details of my entire betting activity?

You can visit the Account Statement page, where you will find full details of all your betting activity and transactions to date.

6. How does a lay bet actually work?

While a back bet is when you bet on an outcome to occur, a lay bet is the exact opposite. This is where you bet against an outcome, and you can make lay bets for any betting type with Smarkets.

7. How does a lay bet actually work?

While a back bet is when you bet on an outcome to occur, a lay bet is the exact opposite. This is where you bet against an outcome, and you can make lay bets for any betting type with Smarkets.

8. What does it mean when my bet gets ‘matched’?

Well, since you are betting against other players with Smarkets, your bet needs to get matched by the opposite market for it to be accepted. As an example, if you bet on Manchester City to win a football game, another person needs to have bet against them to win so your bet gets matched.

9. What are the sign-up requirements?

Smarkets is governed by the gambling laws in the UK, meaning you have to be over the age of 18 and also have a UK residence to legally use the site.

10. What are the percentages that I see for the markets?

This is quite a cool feature of the platform. Basically, these percentages show the general betting activity for each market, and it gives you an idea of what punters are thinking will happen for a particular event.

11. Does Smarkets allow cash-outs?

Yes, although this isn’t always on offer. There has to be enough money in the market for you to perform a cash-out, but providing that you stick to major events, this shouldn’t be a problem. If cash-out is an option, this will be shown in your open bets

12. What does it mean when my bet gets ‘matched’?

Well, since you are betting against other players with Smarkets, your bet needs to get matched by the opposite market for it to be accepted. As an example, if you bet on Manchester City to win a football game, another person needs to have bet against them to win so your bet gets matched.

13. What are the sign-up requirements?

Smarkets is governed by the gambling laws in the UK, meaning you have to be over the age of 18 and also have a UK residence to legally use the site.

14. What are the percentages that I see for the markets?

This is quite a cool feature of the platform. Basically, these percentages show the general betting activity for each market, and it gives you an idea of what punters are thinking will happen for a particular event.

15. Does Smarkets allow cash-outs?

Yes, although this isn’t always on offer. There has to be enough money in the market for you to perform a cash-out, but providing that you stick to major events, this shouldn’t be a problem. If cash-out is an option, this will be shown in your open bets.

Top 3 Reasons to Bet with Smarkets

While we have already given an overview of different features at Smarkets, here are three main reasons why you should start betting with them today:

1. In-play Bets

Smarkets has an interactive in-play betting system where you can place bets or modify your existing bets when a match is in progress. It allows you to build better strategies while making bets for a chance to earn more winnings.

2. Excellent Odds as a Betting Exchange

Betting exchanges generally offer better odds than normal bookmakers at the cost of a small commission fee. And Smarkets has one of the best odds in the market for many different sports, so you have a shot at bigger rewards.

3. High-Performance Apps

If you prefer betting on mobile platforms, then Smarkets is a great choice for you. Both their Android and iOS apps are excellent in terms of features, interface, and overall user experience, ensuring that you enjoy every second you spend on the app.

For a similar quality experience, which is 100% focused on football, consider the Football Index referral code instead.