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Smarkets Sign-Up Offer: Use code COMMFREE to trade with 0% commission for 60 days

Use code COMMFREE to trade with 0% commission for 60 days CLAIM OFFER

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. 18+ only. Full T&Cs apply.

Smarkets Sign-Up Offer: Unlock 0% Commission for 60 Days with Our Promo Code!

The Smarkets welcome offer is an enticing 0% commission on all bets that settle within 60 days of your first deposit. That means all winnings from winning bets will be paid directly to you. All you need to do is use the Smarkets promo code ‘COMMFREE’ when signing up and make your first deposit a minimum of £10/€10. After the 60 days, the standard 2% commission rate will be active.

About Smarkets

Smarkets began in 2008 – they are a betting exchange and, therefore, function similarly to Betfair. A betting exchange works like a bookmaker in that you can bet on the outcomes of certain events and markets, but you can back (buy) or lay (sell) an outcome. Smarkets operates at a 2% commission rate, so on all winning bets, 2% is taken by Smarkets.

Key Highlights:

  • Extensive market coverage
  • A modern and logical site/app makes it easy to navigate
  • Stats and data to help inform your bets
  • Pay no commission on bets for your first 60 days

Smarkets Sign-Up Offer Key Terms & Conditions

  • To be eligible for the offer, you must make a first deposit of at least £10/€10 in a single amount.
  • Deposits made via Skrill, Neteller, PayPal, virtual Monzo cards or a virtual/prepaid card will not qualify for the promotion. 
  • You must enter code ‘COMMFREE’ into the promo code field during registration.
  • Eligible customers will enjoy 0% commission on all bets that settle within 60 days from the first deposit.
  • This applies to all bets settled while the promotional commission rate is active on their account.
  • Any bets after the eligibility period will be settled at standard commission rates.
  • Once the 60-day promotional period has elapsed, the account will be set to the default commission rate.
  • You must sign up from 00:00 BST on September 1st 2023, to be eligible for this offer. Customers who access Smarkets through any API or trading software will be ineligible for this offer.
  • Eligible new users who don’t enter the promotional code ‘COMMFREE’ during registration will automatically get the standard commission rate of 2% applied to their account upon an eligible first deposit.
  • This offer is only available to customers in countries where you can operate a Smarkets account.
  • This Smarkets sign-up bonus is strictly limited to once per individual, family, household address, email address, same payment account number, IP address or shared computer.
  • This promotion cannot be used in conjunction with any other sign-up promotion.
  • Existing SBK sportsbook users are not eligible.
  • This promotion is only available to people aged 18+ years or older.

Our Methodology for Rating & Collecting Information About Smarkets

Our pool of betting experts here at Squawka have years of online betting experience and know precisely what a good operator looks like. We take our betting very seriously and have delved deep into Smarkets so we can give a comprehensive, honest and unbiased review. You can find out more about our process here.

How Does Smarkets’s New Customer Offer Compare With Other Bookmakers?

Many new customer offers focus on free bets, but Smarkets’ new customer offer is a little different. It lasts longer, and whilst you don’t get anything ‘free’, the 0% commission is extremely valuable when you get bigger odds than the sportsbooks.

Bookmaker Welcome Offer Minimum Odds Minimum Bet
Bet365 Bet £10 Get £30 in Free Bets 1.2 or greater £5
CopyBet Bet £10, get up to £40 in Free Bets 1.5 or greater £10
BetMGM Bet £10 and get £40 in Free Bets 2.0 or greater £10
Midnite Bet £10 and get £20 in Free Bets 4.0 or greater £10
Sky Bet £30 in Free Bets when you place any bet 2.0 or greater 5p
BetUK Bet £10, get £30 in Free Bets 1.8 or greater £10
BetVictor Get £30 in Free Bets when you join and bet £10 2.0 or greater £10
Parimatch Bet £10, get £30 in Free Bets 2.0 or greater £10
Betfair Bet £5, get £20 in Free Bets 1.5 or greater £5
Kwiff Bet £10 and Get a £30 Surprise Bet 1.5 or greater £10

Are Smarkets Odds Fair?

When calculating odds for a specific market, sportsbooks generally formulate the odds to include an overround, essentially the profit margin on a particular market. You work this out by multiplying the odds of all the outcomes together for a market. If that number is equal to 100%, then that means there is no profit margin. Anything over 100% indicates more significant profit for the sportsbook, with a higher number indicating a higher profit margin. We generally consider anything below 110% to be fair. Due to Smarkets being a betting exchange, they are incredibly reasonable in this sphere. Below are some real examples of this at Smarkets.

  • Manchester United vs Bayern Munich – Overround of 100.84%
    • Manchester United – 2.9
    • Draw – 4.3
    • Bayern Munich – 2.32
  • PSV Eindhoven vs Arsenal – Overround of 100.72%
    • PSV Eindhoven – 2.76
    • Draw – 3.8
    • Arsenal – 2.62
  • Inter Milan vs Real Sociedad – Overround of 101.66%
    • Inter Milan – 1.71
    • Draw – 4.0
    • Real Sociedad – 5.5

How Competitive are Smarkets’s Odds?

Using the exact matches above, I’ve compared some odds comparisons of the outcomes at Smarkets to some standard sportsbooks. For Manchester United vs Bayern Munich, Smarkets were better odds than every sportsbook on all three results. They were better odds than all sportsbooks on Arsenal and were only beaten by BetUK on PSV, with Smarkets draw odds only being matched by the same firm. Lastly, BetUK was marginally better than Smarkets on the Real Sociedad and Draw outcomes, but Smarkets had the best price on Inter Milan.

This shows just how competitive the odds are at Smarkets, and as a general rule of thumb, you will be getting great odds.

How Do Clients Feel About Smarkets

The main takeaways from individuals regarding Smarkets are that the odds are good, with customers saying “Decent odds” and “odds are very, very good”. This goes along with praise on speedy withdrawals, with multiple people saying “speedy withdrawals”, “fast withdrawals”, and “withdrawals are made within 6 hours”. However, something important to note is that several customers have had problems with Source of Wealth checks from Smarkets and have voiced concerns around this, with one customer saying, “I have provided multiple bank statements and pay slips, and I’m being asked over and over again to provide things that I have already provided.”

Smarkets Promotions & Bonuses

There aren’t any Smarkets promotions besides the current welcome offer, so, unfortunately, there isn’t an opportunity to get a Smarkets free bet.

Smarkets Key Features: Why Should You Sign Up?

What makes Smarkets stand out from the crowd is the odds on offer. They will often be better than Sportsbooks, and combining that with the 0% commission sign-up bonus, punters get an excellent advantage over other firms. The odds history graph is a helpful feature on markets, as it clearly shows the trends in which the odds have been going for each outcome, so it’s clear to see what outcomes have been most popular among fellow punters. The last thing to mention is the breadth of markets available, not just on football but other sports and many novelty markets such as politics and TV.

How Is The In-Play Betting Experience on Smarkets?

In-play betting is available on various markets for all Smarkets football games. However, due to ongoing events within each match, the odds can change very quickly, so you have to keep an eye on the odds available and be able to get the price you want. It may also be that there isn’t always much liquidity in some markets, as other punters may not be laying live outcomes.

What Payment Methods do Smarkets accept?

Smarkets offers a range of deposit options, but it’s worth noting that if your first deposit is made via Skrill, Neteller, PayPal, virtual Monzo cards or a virtual/prepaid, then you won’t qualify for the Smarkets joining bonus.

Payment Method Fee Processing Time Minimum Deposit Maximum Deposit
Visa Debit Free Instant £10 £3,500
Mastercard/Eurocard Free Instant £10 £3,500
Solo/Maestro Free Instant £10 £3,500
Instant Bank Transfer Free Instant £10 £10,000
Trustly Free Instant £10 £10,000
Neteller Free Instant £10 £3,000
Skrill Free Instant £10 £3,000
PayPal Free Instant £25 £250

How do I Withdraw money from Smarkets?

All the methods used to deposit money to a Smarkets account are available to withdraw funds to.

Payment Method Fee Processing Time Minimum Withdrawal Maximum Withdrawal
Visa Debit Free 1-6 business days £10 None
Mastercard/Eurocard Free 1-6 business days £10 Some cards limited to deposit amount
Solo/Maestro Free 1-6 business days £10 Some cards limited to deposit amount
Instant Bank Transfer Free 12 hours £10 None
Trustly Free 1-2 business days £10 None
Neteller Free 1-2 business days £10 None
Skrill Free 1-2 business days £10 None
PayPal Free 1-2 business days £10 £5,500
Bank Transfer Free 5-10 business days £20 None

Key Takeaway From Our Inhouse Betting Experts

“I found it particularly easy to find the event I wanted to bet on, and I like how competitive the odds are, particularly with the low commission. The betting graphs are a great addition to big markets as you can see bet volumes and price trends, which helps give context to odds changes. My overall experience at Smarkets was enjoyable, and even though the liquidity wasn’t always there early on, it got a lot better nearer game time.” XXXX – Betting Expert

Smarkets FAQs

How many people use Smarkets?

As one of the few betting exchanges out there, Smarkets is used by thousands of people daily.

How do I get 0% on Smarkets?

Deposit a minimum of £10 via Debit Card or Bank Transfer and enter the Smarkets promo code “COMMFREE” when you sign up for 60 days of 0% commission.

Is Smarkets trustworthy?

Smarkets is licenced and regulated by the UK Gambling Commission and the Malta Gaming Authority, so it is safe to use.

What is the alternative to Smarkets?

If you want to use a different betting exchange, Betfair is a good alternative – otherwise, a standard sportsbook offers a similar service.

Can you get banned from Smarkets?

Smarkets can suspend your account.

Why can’t I withdraw all my money from Smarkets?

Some withdrawal methods have maximum withdrawal limits, and also, due to the source of wealth checks, sometimes withdrawals can be delayed.