Smarkets Promo Code Dec 2022 - £20 Welcome Bonus

Top 2 Smarkets Promo Codes

The current Smarkets promotion code is SMK20 and this activates the sports bonus when depositing for the first time. No other offers or bonus categories are currently available. This promo code can only be used by New UK & NI.

0% Commission for 60 Days OR Money Back in Cash up to £20

The Smarkets Sport promo code to claim this offer is COMMFREE

  • Min Deposit: £10
  • Max Refund: £20

Use code COMMFREE to trade with 0% for 60 days OR code SMK20 to get a £20 / €20 cash refund.
Min. £10/€10 first deposit only using Card or Instant Banking. Cash refund expires in 7 days. Full T&Cs apply.

No Casino Offer Available

No Smarkets Casino promo code is required to claim this bonus

  • Bonus Type: Casino
  • Offer Status: Withdrawn

N/A

How to Claim a Smarkets Bonus Code

Smarkets Promo Code

The Smarkets promotion code form

  1. Follow a link from the table above or visit www.smarkets.com.
  2. Click the 'Create Account' button.
  3. Fill in the new customer registration form with all required details.
  4. Enter the promotion code in the box at the end of the form (See screenshot).
  5. Complete the sign up process to claim your promotion.
  6. Check that any deposit or minimum bet requirements are met.

A Guide to Bookmaker Sign Up and Verification

How does the Smarkets bonus code compare with other offers?

Compare offers across bookmakers by checking the bonus code listings page. Sort by properties such as bonus size and multiple, or search for a particular bonus feature, such as all sports promotions requiring no deposit.

The Smarkets offer is different from most other bookmakers in that it offers you a choice of which bonus you would prefer. You can choose to claim back any losses up to £20 or pay 0% commission for 60 days. Although this offers a choice for regular bettors or one-off bettors, the actual rewards obtained from this offer are less attractive than the free bets offered by other bookmakers such as Betfred for the same minimum deposit.

Bookmaker Best Sports Offer Bonus % Min Deposit Min Odds Expiry (Days) Bonus Codes
Smarkets Sport 0% Commission for 60 Days OR Money Back in Cash up to £20 [1] 100% 10 - 60 View All 2 Smarkets Codes
Bet365 Sport Bet £10 Get £50 in Free Bets [2] 500% 5 1/5 (1.2) 90 View All 4 Bet365 Codes
William Hill Sport Bet £10 Get 4x £10 Free Bets - Mobile Only [3] 400% 10 1/2 30 View All 3 William Hill Codes
Betfred Sport Bet £10 Get £60 in Bonuses [4] 600% 10 evens (2.0) 7 View All 12 Betfred Codes
Ladbrokes Promo Code
Virgin Bet Bonus Code
LiveScore Bet Bonus Code
Paddy Power Promo Code
Coral Promo Code
BetVictor Promo Code
Betfair Promo Code
Sky Bet Promo Code
1 

Use code COMMFREE to trade with 0% for 60 days OR code SMK20 to get a £20 / €20 cash refund.
Min. £10/€10 first deposit only using Card or Instant Banking. Cash refund expires in 7 days. Full T&Cs apply.

2 

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.

3 

18+. When you sign-up via Mobile using promo code P40 and place a bet of £10/€10 or more we will give you 4x £10/€10 free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. Virtual markets excluded. #ad

4 

New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+). First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 48 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.

£10 Welcome Bonus Key Terms

To claim the refund offer, you must use code SMK20, make a first deposit of £20 and then go on to place a losing bet. Any losses will be refunded up to a maximum of £20. In the case of a winning bet, no bonus will be added to your account. Full terms and conditions apply.

To claim the 0% commission offer enter the code COMMFREE, deposit at least £10 to receive 60 days with 0% commission. Any bets settled after the 60 day period will be settled at standard commission rates. Full terms and conditions apply.

Key Terms at a Glance
Min Deposit: £10
Deposit Method: Card or Instant Banking
Max Refund: £20
Bonus Code: COMMFREE or SMK20

Withdrawal Methods

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.

Sort by:
Method Processing Time Min Max Fee
Instant Banking Instant Banking
Instant Banking
Up to 12 Hours £10.00 - Free
Debit Card, Visa, MasterCard, Maestro, Electron Debit Card, Visa, MasterCard, Maestro, Electron
Debit Card, Visa, MasterCard, Maestro, Electron
1 - 6 Banking Days £10.00 £10,000 Free
NETELLER NETELLER
NETELLER
1 - 2 Banking Days £10.00 - Free
Skrill Skrill
Skrill
1 - 2 Banking Days £10.00 - Free
Bank Transfer Bank Transfer
Bank Transfer
5 - 10 Banking Days £20.00 - Free
Trustly Trustly
Trustly
1 - 2 Banking Days £10.00 - Free
PayPal PayPal
PayPal
1 - 2 Banking Days £10.00 £5,500 Free

Deposit Section

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.

Sort by:
Method Processing Time Min Max Fee
Instant Banking Instant Banking
Instant Banking
Instant £10.00 - Free
Debit Card, Visa, MasterCard, Maestro, Electron Debit Card, Visa, MasterCard, Maestro, Electron
Debit Card, Visa, MasterCard, Maestro, Electron
Instant £10.00 - Free
NETELLER NETELLER
NETELLER
Instant £10.00 £5,000 Free
Skrill Skrill
Skrill
Instant £10.00 £5,000 Free
Trustly Trustly
Trustly
Instant £10.00 - Free
PayPal PayPal
PayPal
Instant £20.00 £200 Free

Should I Open an Account with Smarkets?

When considering signing up with a betting exchange you should consider the pros and cons. We've listed some of the Smarkets pros and cons below.

Competitive Betting Options

  • Reasonable 2% commission.
  • Pro Tier 1% commission.
  • Instant match feature for in-play betting.

Access on the Go

  • Highly rated apps for both iOS and Android.
  • Detailed help available.
  • Secure 2FA account access.

Smarkets Cons

  • Limited promotions for existing customers.
  • Long withdrawal processing of up to 10 working days depending on the method chosen.
  • Minimum withdrawal of £10.

Markets at Smarkets

  • Football.
  • Politics.
  • Tennis.
  • Horse Racing.

Smarkets FAQ

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:

  • 1% Pro Tier - Anyone who places more than 1500 bets or stakes more than £1m in a calendar month will have to opt in to the Pro Tier to continue trading on Smarkets.
  • 3% Select Tier - which is applied to a very small number of the most profitable Smarkets users who exceed £25,000 in net profit over the previous 12 calendar months.

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.

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.

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.

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.

£20 Welcome Bonus Examples

Winning Example

  • Sign up for a new account and deposit £20.
  • Place a winning bet at odds of 2/1 resulting in a profit of £40.
  • Your account balance is now £60 (£20+£40).
  • Place a further £20 losing bet resulting in a loss of £20.
  • You will then be credited with a £20 cash refund.

Losing Example

  • Deposit £20 in a new Smarkets account.
  • Place a losing bet of £20. Leaving an account balance of zero.
  • Your account will then be credited with a £20 cash refund.
  • Despite your losing bet there is still potential for profit by wagering your refund on the exchange.
  • For example, place a winning £10 bet at odds of 2/1 and your account balance would then be £30.
Join Smarkets and Claim a Bonus
Last updated:

About AceOdds

AceOdds has become the leading expert at finding the best bonus codes and bookmakers' sign up offers. Our team scours every possible location daily and collaborates with our savvy user base to find the newest bonuses that work! Learn more.