As one of the most exciting betting exchanges in the UK, Smarkets is a site that you just have to try out. Full details surrounding this site can be found within this post.
Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 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.
What is the Smarkets Promo Code 2020?
|Smarkets Promo Code||GET PROMO CODE >|
|Promo Details (2020)|| Up to £10 Bonus|
See terms above
|Last Verified On||28th September 2020|
If you’ve never used a betting exchange before, you are in for a real treat through reading this post. You are probably familiar with 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 in 2020, and this bonus code post will look at the promotions available, 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 – £10 free sports bets
As with any respectable sports betting site, you can kick things off with Smarkets with a £10 free bet. However, this free bet is conditional, and actually, you will only get this free bet if you are unsuccessful with the first sports bet you make on this platform. Smarkets will refund your first bet by up to £10 if it doesn’t result in a win, so it’s good to know that your bet is fully protected if you only bet £10.
While that is available, there are a few 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 £20. That doesn’t mean that you have to wager the £20, for you only need to wager £10 for the welcome bonus to be applied.
If your bet does not then proceed to be a winning bet, you should receive your free sports bet within 24 hours of the game settling.
What is a Bonus Code?
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. However, in the case of Smarkets, it is not currently required that you enter a bonus code to set yourself up for the £10 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 bonus.
How to get the bonus with Promo Code Smarkets?
While there is a lot of talk about bonus codes and online betting sites, it isn’t actually necessary at the time of writing for you to enter a bonus code with Smarkets. This makes things much simpler concerning how you can actually get the welcome bonuses, as you don’t have to concern yourself with entering a specific code when registering or depositing. Note that if a new welcome bonus becomes available, which they often do, it may be the case that a bonus code then 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 customers perspective, just remember that anything up to and including £10 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 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
Money withdrawal with Bonus Code Smarkets
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 £10, 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. 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 bonus code FAQs
Does Smarkets have any other products besides sports betting?
Unfortunately, Smarkets is solely a sport betting exchange, meaning that there are no casino, bingo, or poker options to speak of.
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.
Can I use Smarkets from my mobile?
Yes, and Smarkets has one of the more advanced sports betting apps you can download today. If you’d prefer, there is also the mobile site to use besides the main native app.
What should I do if my free bet doesn’t come through?
If your £10 free sports bet 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 Premier League football, Champions League football and many other top-tier European competitions.
Smarkets – What are the Bonuses and promotions?
At the time of writing, the only bonus you can explore with Smarkets is the £10 free bet incentive open to new customers. 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 Bonus Code Smarkets:
- 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, £10 free to get started
Promotion Code Smarkets is not working. What to do?
Since there is no specific code that you are required to use with Smarkets 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, 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 customers immediate access to a £10 risk-free bet, Betfair has doubled this amount and made a £20 free bet available. 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 £10 on any sports market, you will be greeted by £30 in completely free sports bets when you use P30 as a promo code. This is obviously a great start, 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.