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The Smarkets promo code is BETMAX. It is valid in for all new customers. Enter it today and get a £20 bonus when signing up.
Use code BETMAX to get a £20 cash refund. Min. £10/€10 first deposit only using Card or Instant Banking. Cash refund expires in 7 days. Full T&Cs apply.
What is the Smarkets Promo Code 2022? It is BETMAX
|Smarkets Promo Code||Code: BETMAX|
Promo Details ()
£20 cash refund
Last Verified On
With our Smarkets promo code, you can expect a welcome bonus: £20 for new players (T&Cs Apply). Our bonus code BETMAX is valid for countries accepted by Smarkets and you can use it on each sports market available. You can read more about that in our Smarkets review below.
If you’ve never used a betting exchange before, you are in for a real treat through reading this review. The odds are you probably know the Betfair betting brand – well, Smarkets is one of its main rivals in the UK market. This exchange really has grown to become an incredible site since 2021, and this bonus code post will look at the promotions available, the events you can bet on – live or pre-game, as well as the quality of this site overall.
But first of all, let’s check out the welcome bonus you can grab at Smarkets.
Main welcome offer – £20 cash refund
As with any respectable sports betting site, you can kick things off with Smarkets with a £20 bonus offer. However, this is conditional, and actually, you will only get this promotion as you accrue lost bets on this platform. Smarkets will refund up to £20 in losses, so it’s good to know that your bet is fully protected if you only bet £20.
While that is available, there are a few terms and conditions you must meet to grab the offer. First of all, this offer is only available to brand new customers, and you must also ensure that the first deposit you make is more than £10. That doesn’t mean that you have to wager the full amount in one go. Also bear in mind unused cash refunds will expire within 7 days.
How do promo codes work?
When you see a bonus code on any kind of betting site, this indicates that a code is required to actually get the stated offer. For example, you might see that a code is necessary to get a deposit match, a free bet, or any other promotions, and failure to apply that respective promo code will mean that you don’t get the offer. In this case, you should enter the Smarkets promotion code BETMAX to set yourself up for the £20 free bet.
All you must do is ensure that you are a new customer and that you deposit at least £20 through any of the eligible payment methods to bag the stated promotion.
How to get the bonus with a Smarkets Promo Code?
While there is a lot of talk about bonus codes and online betting sites, you can use the exclusive promo code BETMAX here at Smarkets. Note that if a new welcome bonus becomes available, which they often do, it may be the case that a new promo code also becomes necessary.
However, all new customers only need to concern themselves with two things – making the required deposit minimum, and ensuring that they bet on a decent market. Remember, just because your bet is protected up to a certain amount, it doesn’t mean that you should just bet on anything. Take your time to browse the markets, do your research, and try to grab an early win!
Registration on the site:
- Click sign up on the main homepage
- Create an email and password, enter the promo code (if applicable)
- Give your personal details (name, contact, date of birth, etc.)
- Set your preferred deposit method
- Complete the process
- Log in to your new Smarkets account
- Go to your personal deposits section
- Enter the desired deposit amount
- Click the deposit button once more to process the transaction
Smarkets has many different deposit options that you can use on the site, although using a debit card for the first one is advisable. This is because the site can be a bit funny sometimes about eligibility for the welcome bonus if the first deposit has been made through some of the other options. With that said, just play things on the safe side and use a debit card if you can.
How to make your first bet?
Before you learn how to make your first bet on the Smarkets site, it is important to stress once more that this site operates as an exchange rather than a mainstream bookmaker site. To translate exactly what this means, this is where you can place back and lay bets for sports markets, rather than the usual back bets made at a traditional online sportsbook. Say that Manchester City was playing Arsenal, and the bookmaker had 1×2 bets on offer, with the exchange, you can actually bet against an outcome in the ‘lay’ markets.
So, when you are feeling ready to make your first bet with Smarkets, simply look through the markets and become familiar with the back and lay process. The back markets are displayed in green and the lay markets are shown in blue, yet beyond this difference, the site works just like a regular betting site. You will choose the wager that you wish to place, add it to the bet slip, and Smarkets will always show you the potential return before you make your bet.
From a new customer's perspective, just remember that anything up to and including £20 is protected by Smarkets, so you may as well take advantage of it. We would encourage you to find a market with quite high odds, for even if it loses, you will still get another bite of the cherry through your free bet.
Top tips for beginners
- Change the odds into a format you are familiar with
- Wait to bet on a larger sporting event
- Watch the live game where possible to get the most entertainment
- Make a back bet, as lay bets are a bit more complicated
Main things to avoid while making your first bet
- Making a lay bet when you thought it was a back bet
- Betting on a market with no liquidity
Smarkets has a bunch of withdrawal methods for members to use. Of course, this gives flexibility with respect to how you get your cash, and some of the key methods right now include Trustly, Skrill, PayPal, bank transfers, Visa/MasterCard debit cards, and Neteller. The minimum that you can actually withdraw per transaction with Smarkets is £20, but of course, if you bag a win on your first bet your account balance will be larger than this.
Smarkets processes withdrawals quite quickly too, with e-wallet payouts coming through in just a few hours, and not days. There are no fees associated with withdrawing funds, and when processing these transactions the site keeps things highly secure.
Steps to withdraw your money
- Log in first of all
- Head to your balance
- Select withdrawals
- Pick a payment option and choose how much you want to cash out
- Process the transaction
If you are in a rush to get your money, then we would highly recommend using the e-wallet options, as these are processed the quickest by far. If you don’t have an account with options like PayPal, Neteller, or Skrill, you can always set one up directly from their respective sites. This is free to do, and these really are some of the best options for online payments in general.
Smarkets promo code FAQs
Does Smarkets have any other products besides sports betting?
Unfortunately, Smarkets is solely a sports betting exchange, meaning that there are no casino, bingo, or poker options to speak of. Nevertheless, you can find competitive odds and an enticing welcome promotion on the exchange.
How are my payments protected?
Smarkets uses SSL encryption to protect financial transactions taking place on its site, and it also has additional firewall measures in place too. User should feel safe in the knowledge their funds are protected.
Can I use Smarkets from my mobile? Do they have an app?
Yes, and Smarkets has one of the more advanced sports betting apps you can download today. If you’d prefer, there is also a mobile site to use besides the main native app. We suggest customers review the benefits of each and decide which they prefer.
What should I do if my free bet doesn’t come through?
If your £20 sports bet refund does not process into your account for some reason, it is advisable to contact customer support to see why this has happened. They will typically be able to resolve the issue within a few minutes.
Does Smarkets have a good selection of football betting markets?
Yes, in fact, Smarkets has an incredible selection of football betting markets. You can bet on live Premier League matches, Champions League football and many other top-tier European competitions, through the website or the app.
Sportsbook top features
Back and lay bets
One of the greatest things about choosing to bet on an exchange over a bookmaker is that you can make back and lay bets. To clear up how these work, back bets are your regular bets made at an online bookmaker, whereas lay bets allow you to actually bet against a particular outcome – something that is super useful at a site like Smarkets. Essentially, this allows you to cast a wider net with your bets, and it gives you many more options.
From time to time, Smarkets will come up with its own accumulators that anyone can check out and wager on. This can save you a great deal of time and effort, as you won’t need to pick your own markets and add them to your bet slip individually. To add to that, Smarkets can sometimes bump the odds for these exclusive accumulators, meaning that if you do choose to wager on this market and you are correct, your return could be larger.
While it’s common knowledge that betting exchanges have better odds than bookmakers given the way in which they function, this is even more apparent when exploring the live betting markets. Yes, it’s quite cool that you can see how much money is being wagered on all of the different markets when live betting, but the sheer range of selections that Smarkets provides is something that really separates it from other sites.
Main upcoming events to wager on
Given that the Euros have been pushed back from the original 2020 date, this is an awesome competition to look forward to this summer. With football being hugely popular on the Smarkets platform, you can expect plenty of bonuses and great markets around this event too.
Wimbledon is one of the best tennis tournaments of the entire sporting calendar, and it takes place in June/July each year. All of the big names are expected to turn out for Wimbledon in 2021, including Djokovic, Nadal, Federer, and many others – so make sure you check out the markets.
If you want to bet on a tournament that is literally taking place as we speak, then you will probably want to explore the Champions League markets. We are already into the quarter-final stage at the time of writing, and exclusive markets are constantly opening up with Smarkets – not to mention the bonuses associated with this event.
Smarkets – What are the Bonuses and promotions?
At the time of writing this review, the only bonus you can explore with Smarkets is the £20 incentive open to new users. This might not seem like the greatest range of bonuses, which, when you compare it to other betting sites, it isn’t. However, it is important to understand that Smarkets is an exchange instead of a typical sportsbook. For this reason, the range of markets and competitiveness of the odds are significantly more appealing on this site.
There is also the benefit that Smarkets charges a very small commission for winnings, as it is just 2%. On the note of commission, we have seen it in the past where Smarkets runs a promotion to offer 0% commission for specified time frames, which is obviously advantageous to those who lock these offers in.
My top 5 sport/casino promotions/games to bet with the Smarkets promo code:
- Horse racing betting – tonnes of international and domestic events
- Football betting – the most popular sport on the site by far
- Accumulator specials – unique accumulators offered weekly
- TV and entertainment – a great mix up from your typical sports betting markets
- Welcome boost – of course, £20 free to get started
The Promotion Code for Smarkets is not working. What should I do?
Since there is no specific code for Smarkets customers to enjoy the welcome bonus, this headache and worry are completely removed. With that said, it can still be the case that your free bet does not process for whatever reason. If this does happen, we would first encourage you to wait for the full length of time that Smarkets states it can take for your free bet to appear.
Besides this, you will need to contact customer support if the bet still doesn’t appear. This can be done through email and phone review, and the method you use is entirely up to you.
Steps to take if the code still doesn’t work:
- Log out and then log in again
- Refresh the page
- Contact customer support on the methods outlined
What alternative welcome offers are there available?
While Smarkets gives new users access to a £20 free bet promotion when the first bet loses, Betfair has doubled this amount and made a £20 free bet available, t&cs apply. As you can see, this is twice as appealing as Smarkets, although Betfair takes a higher commission on profits compared with Smarkets. With that said, Betfair is still classed as the world's largest betting exchange, so it clearly has a great reputation.
William Hill does not operate as an exchange as Betfair does, but it does have a great welcome bonus for new customers. By signing up with this betting site today and staking £20 on any sports market, you will be greeted by £30 in completely free sports bets when you use William Hill promo code. This is obviously a great start for new users, and the offer is larger than Smarkets and Betfair.
You don’t need to deposit and wager as much with Ladbrokes as you do on the other sites, as you only need to wager £5 to get £20 in free bets as a sign up offer. Much like the other sites we’ve talked about here, Ladbrokes has an awesome reputation, and its sports markets are some of the best that you can find in the United Kingdom.