18+ | Wagering and T&Cs apply | Play Responsibly | Commercial Content
The Smarkets promo code is COMMFREE.
Use this code to trade with 0% commission. New customers can claim the Smarkets welcome offer. All you have to do is click 'Get Bonus' to experience an alternative betting experience.
Smarkets is all about peer-to-peer betting as betting exchange where you get to set your own odds and bet against each other. This means you can bet on an outcome like with a usual bookmaker, or set your own odds. This works similarly to a stock exchange, with users buying and selling odds on particular outcomes.
Their usual commission exchange is 2%, so to get involved, sign up with our code and trade with zero commission for 60 days.
The Smarkets Sport promo code to claim this offer is COMMFREE
Get 0% Commission for 60 Days
To claim this promotion you will need to register for a new account with Smarkets sing the code COMMFREE and deposit at least £10 using a debit card or instant banking.
You will then pay 0% commission on any bets placed in the first 60 days of your account being open.
Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Full T&Cs apply. Please Gamble Responsibly. 18+.
The Smarkets promotion code form
The Smarkets new customer offer is unique in the sense that it offers you the chance to pay 0% commission on your bets instead of their usual 2%.
The £10 minimum deposit is standard and the offer lasts for 60 days which is a good amount of time. However, the lack of free bets may be a deterrent for new customers seeking a bonus to spend. There are countless offers out there offering free bets, but if you prefer exchange betting, Smarkets is a great choice and 0% commission is a great opportunity for customers who are new to exchange betting and would like to try it out.
It is important to note that if your 0% commission bets do not settle within 60 days, the usual 2% rate will be applied.
Bookmaker | Best Sports Offer | Bonus % | Min Deposit | Min Odds | Expiry (Days) | Bonus Codes |
---|---|---|---|---|---|---|
Smarkets Sport | 0% Commission for 60 Days [1] | - | 10 | - | 60 | See The Smarkets Code |
bet365 Sport | Bet £10 Get £30 in Free Bets [2] | 300% | 5 | 1/5 (1.2) | 7 | View All 5 bet365 Codes |
BetMGM Sport | Bet £10 Get £40 in Free Bets [3] | 400% | 10 | Evens (1/1) | 7 | View All 2 BetMGM Codes |
Unibet Sport | Football - Bet £10 Get £40 in Bonuses [4] | 100% | 10 | 2.0 (Evens) | 7 | View All 4 Unibet Codes |
Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Full T&Cs apply. Please Gamble Responsibly. 18+.
18+. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. *SPRT365 can be used during registration, but does not change the offer amount in any way.
T&C’s: New customers only. 7 days to place qualifying bet of £10 at 1/1 (2.0) to receive 4 x £10 Free Bets: 1 x £10 football, 1 x £10 horse racing & 2 x £10 Bet Builders. Free Bets cannot be used on e-sports and non UK/IE horse racing. 7 day expiry. Exclusions apply. Stake not returned. 18+. Full T&Cs apply. GambleAware.org
18+. GambleAware.org . New GB customers only. Min £10 debit card deposit. Place a £10+ bet on sportsbook at min odds 1/1 (2.0) each leg. Receive 2 x £10 free bets within 24 hours of bet settlement, and further 2 x £10 casino bonus the next day. T&C’s apply.
Smarkets offer withdrawals to the same methods as deposits. Withdrawal times can be as quick as 12 hours, but normally allow a minimum of 1 working day.
Method | Processing Time | Min | Max | Fee |
---|---|---|---|---|
Instant Banking | Up to 12 Hours | £10.00 | - | Free |
Debit Card, Visa, MasterCard, Maestro, Electron | 1 - 6 Banking Days | £10.00 | - | Free |
NETELLER | 1 - 2 Banking Days | £10.00 | - | Free |
Skrill | 1 - 2 Banking Days | £10.00 | - | Free |
Bank Transfer | 5 - 10 Banking Days | £20.00 | - | Free |
Trustly | 1 - 2 Banking Days | £10.00 | - | Free |
PayPal | 1 - 2 Banking Days | £10.00 | £5,500 | Free |
Smarkets allow deposits from debit cards and a selection of popular e-wallets such as Paypal and Skrill. Most payment methods allow funds to be accessed instantly on your account.
Method | Processing Time | Min | Max | Fee |
---|---|---|---|---|
Instant Banking | Instant | £10.00 | £10,000 | Free |
Debit Card, Visa, MasterCard, Maestro, Electron | Instant | £10.00 | £3,500 | Free |
NETELLER | Instant | £10.00 | £3,000 | Free |
Skrill | Instant | £10.00 | £3,000 | Free |
Trustly | Instant | £10.00 | £10,000 | Free |
PayPal | Instant | £25.00 | £250 | Free |
Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Full T&Cs apply. GambleAware.org #ad
Min Deposit: | £10 |
---|---|
Deposit Method: | Card/Instant Banking |
Bonus Code: | COMMFREE |
Commission Free For: | 60 days |
Smarkets differs from leading bookmakers offering a sophisticated betting exchange and SBK, so it is even more important to weigh up the pros and cons before deciding to sign up. We have picked out some key features for you consider.
Winning Example
Losing Example
Smarkets, established in 2008, is a UK-based peer-to-peer betting exchange renowned for offering users the ability to bet against each other, leading to better odds compared to traditional bookmakers. It is characterized by its low commission rates and a technology-driven platform designed for transparency and user-friendliness. Smarkets also extends its innovative approach to sports betting through its association with SBK, a modern sportsbook app. SBK leverages the pricing and market efficiency of the Smarkets exchange, ensuring competitive odds and a comprehensive betting experience for mobile users. This synergy between Smarkets and SBK allows the company to offer a seamless, dynamic betting platform that appeals to both exchange and sportsbook enthusiasts.
Aggregate user reviews are available from Trustpilot (3.4/5, 538 Reviews) and the following sources:
These answers are correct to the best of our knowledge at the time of writing. Check direct with Smarkets for the latest T&Cs. Smarkets’s customer support will be able to offer the most up-to-date information.
Check that you have met the requirements of the welcome bonus. The initial deposit of £20 must be made by card or bank transfer to qualify for the welcome bonus. The bonus is also limited to one per individual, family, household address, email address, same payment account number, and shared computer.
If you have met the requirements, contact Smarkets customer service by emailing them at support@smarkets.com, tweeting them @SmarketsTech, using Live Chat or phoning them on 0207 617 7413.
Commission is the fee Smarkets charges to facilitate peer-to-peer betting on the exchange. The Standard rate of commission is 2% on net winnings for any given market. If you make a net loss on a market, you do not pay commission.
There are two further tiers:
Exchange betting is a platform that allows customers to bet against each other on the same event and can offer better value, choice and flexibility than conventional bookmakers.
You can Back a selection. When placing a back bet, you are betting for an outcome to happen. You may also choose to Lay. When placing a lay bet, you are betting for an outcome not to happen.
Lay betting is more associated with exchange betting as opposed to traditional bookmakers. In a lay bet, you are effectively betting on something not to happen, as opposed to a back bet, where you bet on something to happen. When you place a lay bet, you are effectively acting as the bookmaker, offering odds to other bettors.
For example, if you lay a bet on a horse to win a race, you will win if that horse does not win. You collect the back bettor's stake. If the horse wins, you have to pay the winning amount calculated by the odds you offered.
Bid or Ask are displayed when there are no current users offering bets into the market for you to match with on the back or lay side.
You can place your own bet into the market or wait for someone else to offer odds into the market.
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