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Smarkets free bets, sign up bonus and free bet offer
If you do not already have an account with online betting exchange Smarkets, then you will be able to qualify for the Smarkets sign up bonus that is offered in order to entice new customers to the website. This Smarkets free bet offer provides you with £10 money back as cash on any losses on the exchange. You will be required to deposit £20 of your own money if you wish to qualify for the cash refund. Smarkets will pay you back for any losses you make up to £10 which gives you a bit of insurance. The minimum deposit is £20, for which you would be given £10 in cash if any of your bets lose.
There are no minimum odds for the bets that you place, so you will not have to worry about that. If any of your bets lose and you receive the cash refund, you will need to withdraw the refund within 3 months.
How to use your free bets and how to join Smarkets
Joining Smarkets as a member of their online betting exchange site is really easy and the entire process from start to finish can be done in just a few minutes. As there is a great Smarkets offer to claim, it is certainly worth signing up.
In order to get the process underway, head to the Smarkets website and click on the green ‘Create Account’ button, which is located in the top right hand side of the page. This will then take you to the first of three registration pages. On page one, you will be required to enter some account details, which includes your email address, date of birth and a unique password, which you will use to log in to your account in the future. You can also enter a referral code if you have one as well as selecting your preferred currency.
The second page requires you to enter some personal details. These will include your postal address and mobile number, as well as your name. The final page of the registration process is where you can either accept or reject the Smarkets sign up offer. Of course, if you do want to claim the £10 Smarkets cash back then make sure you do. Tick the box that accepts the terms and conditions and then you will have created your account.
Sometimes, you may need to click a link in an email or even send proof of identification in order to properly verify your account but there is no need to worry, as this is normal for bookmakers to do in order to make sure that you are telling the truth on your application. If any of the details you provide in your registration are incorrect, Smarkets may restrict your account or even close it completely.
Then comes the opportunity to deposit, which can you do immediately or wait if you wish. Once you have made your first deposit of over £20 and placed your first bet, the Smarkets cash refund will then be credited into your account within 48 hours of any loss up to £10. The cash is withdrawable, so you will not need to wager it at all.
5 reasons to choose Smarkets
- Opportunity to earn a £10 Smarkets free bet
- Option to back or lay
- Thousands of betting markets every day
- Wide range of deposit options
- Smarkets app available
When you first register for a betting account with Smarkets, you will be able to qualify for the Smarkets sign up offer. You will then be credited with up to £10 in cash if any of your bets lose.
As a betting exchange, Smarkets is not like a bookmaker. You can back a selection to win as normal, or you can lay a selection, which is predicting the selection not to win.
Thousands of betting markets are available on the site to back and lay, across a number of popular and less popular sports.
There are a wide range of deposit options too, including VISA Credit, VISA Debit, MasterCard, Maestro, Solo, Neteller and Skrill.
Mobile betting is available through the Smarkets app as well.
When you are claiming the Smarkets sign up offer, you will need to ensure that you ticked the box accepting the bonus when signing up for an account. You will then need to make sure that your first deposit is at least £20, otherwise you will not be able to claim the cash refund. There are no minimum odds for any bets, so you can choose any selections and still receive the £10 refund on any losses.
If one of your bets does happen to lose, you will be credited with the bonus as long as you have bet at least £20. If not, the bonus will be forfeited. Remember that there are no wagering requirements before you will be able to withdraw the funds, which should be done within 3 months of the refund being credited.
How to deposit for free bets and sign up bonus
What should save you a bit of time when registering for an account is the fact that there is no need to enter any promo codes in order to claim the first Smarkets offer. When you log in to your account for the first time, the first thing you will need to do is deposit with real money for the first time. This will need to be an amount of at least £20 or above in order to claim the bonus. You will need to click the ‘Deposit’ button, and you will then be shown the full list of payment methods.
The deposit methods include; VISA Credit, VISA Debit, MasterCard, Maestro, Neteller and Skrill. The minimum deposit amount for any card payment or Skrill is £10, while it is £20 for Neteller. The funds will be processed immediately for most of the payment methods, though it may take a few days to show on any bank statements.
Smarkets Payment Information
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How to use free bets on Smarkets App
The Smarkets app is available for download on a couple of different devices and formats. These apps have been developed and released in order to allow punters to place bets on the move, rather than only when they have access to a laptop or desktop computer.
The Smarkets app can be downloaded on iOS devices such as iPhones and iPads. Downloading it is really easy, all you have to do is head to the iTunes App Store and enter ‘Smarkets’ in the search bar. Find the relevant app and click on the download button. The mobile app is also available for Android devices, such Samsung smartphones and tablets. The process for downloading this app is very similar to the iOS version but this time you will be heading to the Google Play Store and entering the relevant instructions.
All of the same betting markets that are found on the desktop site are also available on the app too.
Once you have claimed the Smarkets offer that you are given upon registering for a new account, there may be some future promotions listed too. That being said, there are none at the time and writing so the value of having an account comes with the fact that it is a betting exchange rather than a traditional bookmaker.
Smarkets essentially provides peer-to-peer betting on its exchange, so you can set your own odds and bet against each other. You will have the option of backing a selection to win in an event or laying a selection, which is betting that a selection won’t win. Providing that there is enough money in the pot, your bet will be matched by another user and thus it will stand.
You bet does not actually have to be matched before an event starts either, as it can be matched all the way up until the event ends. Due to the nature of a betting exchange, there will be plenty of value to be found on the Smarkets website either in-play or pre-event. The way Smarkets make their money is through commission, at a rate of 2% on any winning bets. You will not have to pay any commission on losing bets.
The 2% commission rate is lower than their main competitors Betfair Exchange, which means over time you would be saving yourself a good amount of money by betting with Smarkets.
There are betting opportunities on 10 popular sports on the Smarkets website, plus there are markets for Politics. The full list includes Football, Horse Racing, Tennis, Baseball, Basketball, Cricket, Golf, Ice Hockey, Motor Sports, Rugby and Volleyball.
As a betting exchange, there is currently only the one area of the website, though the company have announced plans for a traditional sportsbook to go alongside their exchange. As it is at the moment, the exchange platform is good, and offers everything you will need to get your bets on.