{"id":1458527,"date":"2026-06-15T15:53:39","date_gmt":"2026-06-15T14:53:39","guid":{"rendered":"https:\/\/www.squawka.com\/en\/?post_type=news&#038;p=1458527"},"modified":"2026-06-15T15:53:41","modified_gmt":"2026-06-15T14:53:41","slug":"smarkets-exchange-explainer","status":"publish","type":"news","link":"https:\/\/www.squawka.com\/en\/news\/world-cup\/smarkets-exchange-explainer\/","title":{"rendered":"England vs Croatia: How to Back the Three Lions on the Smarkets Exchange"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/www.squawka.com\/en\/stats\/clubs\/england\/\" target=\"_blank\" rel=\"noreferrer noopener\">England<\/a> kick off their <a href=\"https:\/\/www.squawka.com\/en\/outright-markets\/world-cup-2026-outright-odds\/\" target=\"_blank\" rel=\"noreferrer noopener\">2026 World Cup<\/a> campaign against <a href=\"https:\/\/www.squawka.com\/en\/stats\/clubs\/croatia\/\" target=\"_blank\" rel=\"noreferrer noopener\">Croatia<\/a> on 17th June, and <a href=\"https:\/\/www.squawka.com\/en\/bet\/betting-sites\/smarkets-sign-up-offer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Smarkets<\/a> gives you a smarter way to get involved.<\/strong><\/p>\n\n\n    <div class=\"sq-toplist\">\n        <div class=\"sq-toplist__items\">\n\t\t\t    <div\n            class=\"sq-toplist__item\"\n            data-entity-id=\"1382198\"\n            data-offer-id=\"1382087\"\n    >\n\t\t        <div class=\"sq-toplist__item-container\">\n            <div class=\"sq-toplist__offer\">\n\t\t\t\t\t\t\t\t\t<a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"logo\" class=\"sq-toplist__logo\" style=\"background:#000000\"><img decoding=\"async\" src=\"https:\/\/media.squawka.com\/images\/2025\/04\/29204520\/1334062_1334062_smarkets-white-wordmark-no-padding.svg\" class=\"attachment-medium size-medium\" alt=\"Smarkets Logo\" \/><\/a>\t\t\t\t                <div class=\"sq-toplist__offer-box\">\n                    <span class=\"sq-toplist__bookmaker\">\n                        <a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"brand_name\">Smarkets<\/a>                    <\/span>\n                    <span class=\"sq-toplist__offer-title is-tablet-visible\">\n                        <a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"offer\">Use code COMMFREE to trade with 0% commission for 60 days<\/a>                    <\/span>\n                <\/div>\n                <span class=\"sq-toplist__offer-title is-mobile-visible\">\n                    <a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"offer\">Use code COMMFREE to trade with 0% commission for 60 days<\/a>                <\/span>\n            <\/div>\n            <div class=\"sq-toplist__buttons\">\n\t\t\t\t<a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"cta\" class=\"sq-btn sq-btn--secondary sq-btn--full\">Claim Offer<\/a>                <div class=\"sq-rating\">\n                    <span class=\"sq-rating__text\">Our Score<\/span>\n                    <span class=\"sq-rating__value\">9.0<\/span>\n                <\/div>\n                <a href=\"https:\/\/www.squawka.com\/en\/bet\/betting-sites\/smarkets-sign-up-offer\/\" class=\"sq-review-link\">\n                    <span>Read our review<\/span>\n                <\/a>\n            <\/div>\n\t\t\t        <ul class=\"sq-toplist__features\">\n                            <li class=\"sq-toplist__features-item\">Enhanced Offers<\/li>\n                            <li class=\"sq-toplist__features-item\">Exceptional Customer Service<\/li>\n                            <li class=\"sq-toplist__features-item\">Modern Betting Platform<\/li>\n                    <\/ul>\n                <\/div>\n\t\t            <div class=\"sq-toplist__item-tc\"><div class=\"bookmaker-review\">\n<div class=\"bookmaker-review__bet\">\n<div class=\"warning\">\n<p>Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE &amp; Malta users only. Min. \u00a310\/\u20ac10 first deposit only using Debit Card or Instant Banking. 18+ only. Full T&amp;Cs apply.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content-text-holder\"><\/div>\n<\/div>\n\t\t    <\/div>\n        <\/div>\n    <\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-an-exchange\"><strong>What is an exchange?<\/strong><\/h2>\n\n\n\n<p>A betting exchange is a platform where users bet against each other rather than against a bookmaker. Think of it like a marketplace &#8211; one person wants to back an outcome, another wants to lay it.<\/p>\n\n\n\n<p>When you back a selection, you bet on it to happen. When you lay a selection, you bet on it not to happen. The exchange simply matches the two sides together and takes a small commission on winning bets.<\/p>\n\n\n\n<p>This model changes everything. Because you set your own odds and wait for another user to match them, prices tend to be sharper than anything a traditional bookmaker offers. There&#8217;s no margin baked in to protect the house &#8211; because there is no house.<\/p>\n\n\n\n<p>Exchanges also give you far greater flexibility. You can place bets in-play, lock in a profit before full time, or cut your losses if things aren&#8217;t going your way. It&#8217;s a more dynamic, more transparent way to bet on football.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-differences-between-an-exchange-and-a-sportsbook\"><strong>What are the differences between an exchange and a sportsbook?<\/strong><\/h2>\n\n\n\n<p>The key difference comes down to who you&#8217;re betting against. At a traditional sportsbook, you bet against the bookmaker. At an exchange like Smarkets, you bet against other users.<\/p>\n\n\n\n<p>Sportsbooks set their own odds and build in a margin &#8211; called the overround &#8211; to guarantee themselves a profit regardless of the result. That margin comes directly out of your potential winnings. Exchanges don&#8217;t work this way. They simply match opposing bets and charge a small commission, which typically works out far cheaper than a bookmaker&#8217;s built-in edge.<\/p>\n\n\n\n<p>Sportsbooks are simpler to use. You pick a market, accept the price on offer, and place your bet. What you see is what you get.<\/p>\n\n\n\n<p>Exchanges demand a bit more understanding but reward that effort with better value. You choose your own price, wait for a match, and can trade your position at any point before or during the game. That flexibility simply doesn&#8217;t exist at a traditional sportsbook.<\/p>\n\n\n\n<p>Sportsbooks also limit or restrict winning customers far more readily. Exchanges don&#8217;t have that incentive &#8211; they profit from activity, not from customers losing.<\/p>\n\n\n    <div class=\"sq-toplist\">\n        <div class=\"sq-toplist__items\">\n\t\t\t    <div\n            class=\"sq-toplist__item\"\n            data-entity-id=\"1382198\"\n            data-offer-id=\"1382087\"\n    >\n\t\t        <div class=\"sq-toplist__item-container\">\n            <div class=\"sq-toplist__offer\">\n\t\t\t\t\t\t\t\t\t<a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"logo\" class=\"sq-toplist__logo\" style=\"background:#000000\"><img decoding=\"async\" src=\"https:\/\/media.squawka.com\/images\/2025\/04\/29204520\/1334062_1334062_smarkets-white-wordmark-no-padding.svg\" class=\"attachment-medium size-medium\" alt=\"Smarkets Logo\" \/><\/a>\t\t\t\t                <div class=\"sq-toplist__offer-box\">\n                    <span class=\"sq-toplist__bookmaker\">\n                        <a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"brand_name\">Smarkets<\/a>                    <\/span>\n                    <span class=\"sq-toplist__offer-title is-tablet-visible\">\n                        <a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"offer\">Use code COMMFREE to trade with 0% commission for 60 days<\/a>                    <\/span>\n                <\/div>\n                <span class=\"sq-toplist__offer-title is-mobile-visible\">\n                    <a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"offer\">Use code COMMFREE to trade with 0% commission for 60 days<\/a>                <\/span>\n            <\/div>\n            <div class=\"sq-toplist__buttons\">\n\t\t\t\t<a href=\"\/en\/go\/smarkets?q=gb-all-top-aco-s-spo\" target=\"_blank\" rel=\"nofollow noopener\" data-brand=\"Smarkets\"data-placement=\"bookmaker-offers-content-toplist\" data-rating=\"9.0\" data-position=\"1\" data-placement-details=\"cta\" class=\"sq-btn sq-btn--secondary sq-btn--full\">Claim Offer<\/a>                <div class=\"sq-rating\">\n                    <span class=\"sq-rating__text\">Our Score<\/span>\n                    <span class=\"sq-rating__value\">9.0<\/span>\n                <\/div>\n                <a href=\"https:\/\/www.squawka.com\/en\/bet\/betting-sites\/smarkets-sign-up-offer\/\" class=\"sq-review-link\">\n                    <span>Read our review<\/span>\n                <\/a>\n            <\/div>\n\t\t\t        <ul class=\"sq-toplist__features\">\n                            <li class=\"sq-toplist__features-item\">Enhanced Offers<\/li>\n                            <li class=\"sq-toplist__features-item\">Exceptional Customer Service<\/li>\n                            <li class=\"sq-toplist__features-item\">Modern Betting Platform<\/li>\n                    <\/ul>\n                <\/div>\n\t\t            <div class=\"sq-toplist__item-tc\"><div class=\"bookmaker-review\">\n<div class=\"bookmaker-review__bet\">\n<div class=\"warning\">\n<p>Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE &amp; Malta users only. Min. \u00a310\/\u20ac10 first deposit only using Debit Card or Instant Banking. 18+ only. Full T&amp;Cs apply.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content-text-holder\"><\/div>\n<\/div>\n\t\t    <\/div>\n        <\/div>\n    <\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-use-the-exchange-for-england-vs-croatia\">How to use the exchange for England vs Croatia?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-match\">The Match<\/h3>\n\n\n\n<p>England and Croatia share a recent history that makes this opener fascinating. Croatia knocked England out of the 2018 World Cup semi-finals. England gained revenge with a 1-0 victory at Euro 2020. Now, they meet again &#8211; and the stakes are high.<\/p>\n\n\n\n<p>Thomas Tuchel&#8217;s side qualified without conceding a single goal. Harry Kane arrives with 58 goals this season for Bayern Munich. England carry real momentum into this game.<\/p>\n\n\n\n<p>Croatia, however, never make things easy. Luka Modric still pulls the strings at 40. They counter brilliantly, defend deep, and punish mistakes. Zlatko Dalic&#8217;s side will not roll over.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-to-bet-on-the-smarkets-exchange\">How to Bet on the Smarkets Exchange<\/h3>\n\n\n\n<p>Head to the England vs Croatia match page on Smarkets. You&#8217;ll find three core markets to get you started.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-back-england-to-win\">Back England to Win<\/h4>\n\n\n\n<p>England are clear favourites. Tuchel has built a well-drilled, attack-minded side. Kane, Bellingham and Saka give England the firepower to break any defence down. Back England to win and you profit if they claim three points.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-lay-croatia\">Lay Croatia<\/h4>\n\n\n\n<p>Think Croatia can&#8217;t cause an upset? Laying Croatia means you win if England win or if the game ends in a draw. The exchange lets you act as the bookmaker &#8211; and set your own price.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-back-the-draw\">Back the Draw<\/h4>\n\n\n\n<p>Croatia frustrate the best teams in the world. England&#8217;s tournament openers have not always been straightforward. If you think Tuchel&#8217;s side might be slow to get going, the draw could offer real value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-use-smarkets-for-this-game\">Why Use Smarkets for This Game?<\/h2>\n\n\n\n<p>Unlike traditional bookmakers, Smarkets lets you trade your position before and during the match. If England score early, you can cash out your lay on Croatia at a better price. If the game stays level, you can back Croatia to trade out for a profit regardless of the result.<\/p>\n\n\n\n<p>The exchange puts you in control. Use the code <strong>COMMFREE<\/strong> and trade commission-free for 60 days.<\/p>\n\n\n<h3><strong>Read more:<\/strong><\/h3>\r\n<ul>\r\n<li style=\"list-style-type: none\">\r\n<ul>\r\n<li><a href=\"https:\/\/www.squawka.com\/en\/bet\/football-tips\/world-cup-2026-betting-tips-predictions\/\"><strong>World Cup predictions &amp; tips<\/strong><\/a><\/li>\r\n<li><a href=\"https:\/\/www.squawka.com\/en\/outright-markets\/world-cup-outright-odds\/\"><strong>World Cup outright odds <\/strong><\/a><\/li>\r\n<li><a href=\"https:\/\/www.squawka.com\/en\/news\/world-cup-2026-fixtures-results\/\"><b>World Cup fixtures &amp; results<\/b><\/a><\/li>\r\n<li><a href=\"https:\/\/www.squawka.com\/en\/world-cup-2026-betting-offers\/\"><b>World Cup free bets<\/b><\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<p>&nbsp;<\/p>\n\n\n    <div class=\"sq-top-stories\">\n        <h2 class=\"sq-heading-line\">Squawka Suggests<\/h2>\n        <div class=\"sq-cards\">\n\t\t\t                    <article 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href=\"https:\/\/www.squawka.com\/en\/news\/world-cup\/tunisia-world-cup-news-sabri-lamouchi-sacked\/\" class=\"sq-card__title\">\n                                    <h2 class=\"sq-card__title-text\">Tunisia World Cup news: Sabri Lamouchi set to be replaced by Mondher Kebaier after 5-1 Sweden defeat<\/h2>\n                                <\/a>\n                            <\/div>\n                            <div class=\"sq-card__excerpt\">\n                                <a href=\"https:\/\/www.squawka.com\/en\/author\/harry-edwards\/\"\n                                   class=\"sq-card__link\">\n\t\t\t\t\t\t\t\t\tBy Harry Edwards                                <\/a>\n                                <time class=\"sq-card__label\">5 minutes ago<\/time>\n                            <\/div>\n                        <\/div>\n                    <\/article>\n\t\t\t\t                    <article class=\"sq-card\">\n\t\t\t\t\t\t                            <div 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decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/media.squawka.com\/images\/2026\/06\/15153744\/predicted_xi-6-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"England vs Croatia team news and predicted lineups\" \/>                                <\/a>\n                            <\/div>\n\t\t\t\t\t\t                        <div class=\"sq-card__content\">\n                            <div class=\"sq-card__meta\">\n                                <span class=\"sq-card__label\">News<\/span>\n                                <a href=\"https:\/\/www.squawka.com\/en\/news\/world-cup\/england-vs-croatia-team-news-predicted-lineups\/\" class=\"sq-card__title\">\n                                    <h2 class=\"sq-card__title-text\">England vs Croatia team news and predicted lineups<\/h2>\n                                <\/a>\n                            <\/div>\n                            <div class=\"sq-card__excerpt\">\n                                <a href=\"https:\/\/www.squawka.com\/en\/author\/andrewfrancis\/\"\n                                   class=\"sq-card__link\">\n\t\t\t\t\t\t\t\t\tBy Andy Francis                                <\/a>\n                                <time class=\"sq-card__label\">2 hours ago<\/time>\n                            <\/div>\n                        <\/div>\n                    <\/article>\n\t\t\t\t                    <article class=\"sq-card\">\n\t\t\t\t\t\t                            <div class=\"sq-card__thumbnail\">\n                                <a href=\"https:\/\/www.squawka.com\/en\/news\/world-cup\/argentina-algeria-bet-builder-tip\/\" class=\"sq-thumbnail\">\n\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/media.squawka.com\/images\/2026\/06\/15152213\/BetBuilder_Argentina_Algeria-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Argentina vs Algeria Bet Builder Tips: 15\/1 Bet Builder for Group J opener\" \/>                                <\/a>\n                            <\/div>\n\t\t\t\t\t\t                        <div class=\"sq-card__content\">\n                            <div class=\"sq-card__meta\">\n                                <span class=\"sq-card__label\">News<\/span>\n                                <a href=\"https:\/\/www.squawka.com\/en\/news\/world-cup\/argentina-algeria-bet-builder-tip\/\" class=\"sq-card__title\">\n                                    <h2 class=\"sq-card__title-text\">Argentina vs Algeria Bet Builder Tips: 15\/1 Bet Builder for Group J opener<\/h2>\n                                <\/a>\n                            <\/div>\n                            <div class=\"sq-card__excerpt\">\n                                <a href=\"https:\/\/www.squawka.com\/en\/author\/jackkitson\/\"\n                                   class=\"sq-card__link\">\n\t\t\t\t\t\t\t\t\tBy Jack Kitson                                <\/a>\n                                <time class=\"sq-card__label\">2 hours ago<\/time>\n                            <\/div>\n                        <\/div>\n                    <\/article>\n\t\t\t\t        <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>England kick off their 2026 World Cup campaign against Croatia on 17th June, and Smarkets gives you a smarter way to get involved. What is an exchange? A betting exchange is a platform where users bet against each other rather than against a bookmaker. Think of it like a marketplace &#8211; one person wants to&#8230;<\/p>\n","protected":false},"author":427,"featured_media":1458528,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"Smarkets Exchange","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"The Smarkets Exchange gives you a different way to bet at the World Cup. Here's our guide on how to use Smarkets for England vs Croatia.","footnotes":""},"tags":[],"news-category":[27626],"class_list":["post-1458527","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-world-cup"],"acf":{"external_featured_image_url":"","hide_featured_image_pattern":true},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>England vs Croatia: How to Back the Three Lions on the Smarkets Exchange | Squawka | EN<\/title>\n<meta name=\"description\" content=\"The Smarkets Exchange gives you a different way to bet at the World Cup. Here&#039;s our guide on how to use Smarkets for England vs Croatia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.squawka.com\/en\/news\/world-cup\/smarkets-exchange-explainer\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"England vs Croatia: How to Back the Three Lions on the Smarkets Exchange\" \/>\n<meta property=\"og:description\" content=\"The Smarkets Exchange gives you a different way to bet at the World Cup. 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