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Smarkets UK
Smarkets UK
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5.0 rating based on 1 rating
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Smarkets: 0% Commission for Your First 60 Days
  • 0% commission
  • Stats
  • Welcome Bonus
  • Bet Exchange
COMMFREE
21+
Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.

Smarkets Bonus Code and Welcome Offer 2024

Smarkets is an online betting exchange that allows back-and-lay gambling on thousands of horse races taking place during the year. Take favourable odds from fellow gamblers or choose your own odds and trust your judgment. You can also bet on racing through Smarkets.com. Learn about Smarkets welcome offers and promotions, referral bonus code and betting features in our detailed review. Sports trading with confidence in one exchange.

For 2024, Smarkets is offering a promotional code, COMMFREE, which will be automatically applied when you register via this article. This enticing offer waives the standard 2% commission, charging you 0% for the initial 60 days after signing up. By registering on Smarkets using the promo code COMMFREE, you can take advantage of the 0% commission for a duration of 60 days, a considerable improvement over the regular 2% commission charged by the platform.

What Do I Get With Smarkets Bonus Code?

Using the COMMFREE promo code when registering at Smarkets grants you a 0% commission rate for the first 60 days instead of the standard 2%.

Smarkets Referral CodeCOMMFREE
Sign Up Promo Offer0% commission for your first 60 days
Welcome Bonus TypeFree Bet Bonus
Bonus terms£10 min. deposit with Debit Card or Instant Banking
Smarkets WebsiteSmarkets.com
SBK Betting AppiOS, Android, 18+, UK 2024

To use this Smarkets sign-up offer, click here to register with Smarkets and enter the promo code COMMFREE. This promo code will secure you a 0% commission rate for 60 days. Smarkets promotional offer sets it apart from competitors. The Smarkets no commission for 60 days potentially results in a substantial return over time. Although other bookmakers may offer free bets, which may seem appealing, it’s worth noting that Smarkets is an exchange platform, making its 0% commission offer particularly attractive.

How to use the Smarkets sign-up offer

  • Click here to sign up with Smarkets.com
  • Enter your email, password, date of birth, and promo code COMMFREE for zero commission for 60 days
  • Provide your full name, mobile number, country, currency, and home address.
  • Make a deposit using a UK debit card and set your deposit limits.

Smarkets Joining Offer Terms

To start trading with Smarkets and take advantage of 0% commission for the first 60 days, new users from the UK, Ireland, and Malta should use the promo code COMMFREE when registering. Make sure your initial deposit is at least £10/€10 using a debit card or instant banking—deposits made through e-wallets or prepaid cards, including virtual Monzo cards, won’t qualify. The 0% commission applies to all bets settling within 60 days of your deposit. After this period, standard rates apply. This offer is for new customers only and can’t be combined with other promotions.

Key Terms:

  • Promo Code: Use COMMFREE to trade with 0% commission for 60 days.
  • Eligibility: New users from the UK, Ireland, and Malta only.
  • Minimum Deposit: £10/€10, must be made using Debit Card or Instant Banking.
  • Enjoy Zero Fees: Start trading on any qualifying bets with zero commission for up to 60 days.
  • Exclusions:
    • Deposits via Skrill, Neteller, PayPal, or any virtual/prepaid cards (including Monzo) do not qualify.
    • Not applicable to users accessing Smarkets via any API or trading software.

Upon settlement of the bets, no commission is charged, regardless of whether you have won. Bets settled after the 60-day period will be charged at standard commission rates. The offer is not applicable to users who have already signed up with Smarkets Sportsbook.

Smarkets Betting Promotions

Smarkets runs regular promotions but these are mainly aimed at betting exchange customers. Use promotion code for Smarkets upon registering your new customer betting account.

  • 0% Commission: Avoid paying your percentage commission on selected markets every month. This saves you a 2% flat commission on all bets that you take from other customers.
  • Smarkets Sign Up Offer: get £10 in free bet when your first qualifying bet of min £30 looses within first 7 days after registration. Promo code is optional. Terms apply.

Smarkets Betting Review

Several features are considered when registering with any sportsbook. We have meticulously reviewed Smarkets’ essential features to help our readers make an informed decision.

Smarkets was set up in 2008 as a transparent online betting exchange. Unlike conventional sportsbook platforms, Smarkets allows you to wager against other participants instead of directly against the bookmaker. It provides a prime platform for placing back and lay bets, which means you can bet for or against a particular outcome. You set the odds or take a price that might be much higher than that offered by the high street bookmakers. 

Smarkets:

  • Trade sports, politics and current affairs
  • Industry-low 2% flat commission
  • Get a £30 welcome bonus

In 2019, Smarkets launched the SBK app, a brand new mobile sports betting app with a focus on a more social, friendly experience. But Smarkets already had some partnerships with the UK horse racing industry. Smarkets sponsors over 30 racedays throughout the calendar. 

Smarkets UK Offers and Features

Smarkets Key Features

Smarkets works off an online betting exchange that lets you set the odds for other players to take. You can also back your favourite horses at odds set by other Smarkets customers. In some cases, you can get odds far higher than those offered by fixed-odds bookmakers. 

Smarkets Exchange

  • Small commission of 2%
  • Back (win)
  • Lay (not to win)
  • To place / not to place (top 3/top 4)
  • No account limits

Back and Lay Bets

Unlike regular sportsbooks, Smarkets allows you to place back and lay bets. A back bet is placed on an outcome occurring, while a lay bet is against the occurrence of the outcome. Lay bets cover several outcomes with a single wager. These bets are color-coded for ease of use. However, your bet can only be ‘matched’ if there’s enough money in that particular market.

You also have the option to ‘lay’ horses and act like the bookie. With a lay bet, you’re betting the horse not to win. Other Smarkets customers will take your odds but you are open to liability if you lose the bet. The beauty of an exchange is that you can back and lay at different odds and therefore guarantee a profit or reduce your overall exposure. 

Diverse Betting Markets

Smarkets is not restricted to sports betting alone. It offers betting options on various events, including Current Affairs, TV and Entertainment, and even Esports. It gives you an opportunity to explore unconventional betting arenas, some of which draw more betting activity than traditional sports events.

Exclusive Accumulators

For accumulator betting enthusiasts, Smarkets offers unique accumulators to wager on. These special bets are primarily for top-tier European football games with appealing odds. They save you time and effort spent in building your own accumulator and researching statistics.

Competitive Betting Odds

Smarkets boasts some of the highest odds due to its nature as a betting exchange. The odds adjust based on market activity, offering a ‘true reflection’ of the general betting public’s perception of the event. Since the site makes money based on commission, the odds are typically higher than those found with conventional bookmakers.

Variety of Betting Markets

Smarkets covers a wide range of sports, including mainstream events for football and horse racing, along with alternative markets like TV shows and politics. Despite their unconventional nature, these alternative markets often attract substantial wagers, making them worth exploring.

Special Features at Smarkets Betting Exchange

Looking for special betting features? If you’re an exchange fanatic, you can view plenty of form and details on the big races. Sadly, there is no live streaming capability at. 

Form: Click on the ‘?’ icon next to each horse to bring up stats such as form, horse age and weight. 

Market Trends: The major difference with Smarkets over other online betting exchanges is that you can view all contracts taken on a particular race. With special on-screen graphs you can track where most of the money has been going. You’ll see full stats on what percentage of the money is going on each horse. 

Payment Methods

You can make simple deposits at Smarkets as soon as you open your account. Save card details on the site for easy deposits or make a bank transfer or e-Wallet deposit. You’ll need to verify your email address before you make any deposits. 

Minimum deposits are £10 for debit cards, or £20 for bank transfers and e-Wallets. The maximum limits of £10,000 for Visa/Mastercard are sufficient, but £200 for PayPal is a little low. You can, however, deposit as much as £5,000 in one go with NETELLER and Skrill. 

  • Visa
  • Mastercard
  • PayPal
  • Skrill
  • NETELLER
  • Online bank transfer

Smarkets UK FAQs

What is Smarkets UK?

Smarkets is a betting exchange that allows people to trade on sports, politics, and other events. Unlike traditional bookmakers, betting exchanges allow you to back (bet for) and lay (bet against) outcomes.

How does Smarkets make money?

Smarkets makes money by charging a commission on net winnings on each market. As of my last training data, the standard rate was 2%.

Is Smarkets safe and reliable?

Smarkets is regulated by the UK Gambling Commission and the Malta Gaming Authority, making it a safe and reliable platform for betting.

Does Smarkets offer a welcome bonus?

Smarkets have been known to offer welcome bonuses or risk-free bets for new users.

Can I use Smarkets on my mobile?

Yes, Smarkets offers a dedicated mobile app for both iOS and Android devices called SBK.