Smarkets Betting Exchange, Any Good?

The Shark
Stallion
Tips
Posts: 5643
Joined: Sun Feb 01, 2004 12:00 am
Location: OLBG

Smarkets Betting Exchange, Any Good?

Postby The Shark » Wed Jun 06, 2018 10:47 am

We only have the one review on Smarkets so far which is over here on our review page

They certainly seem to be investing in the product so keen to get the views from OLBG members who have tried them out. What do you think so far?

nors
Legend
Tips
Posts: 15786
Joined: Mon Jul 31, 2006 11:00 pm
Location: Coventry

Re: Smarkets Betting Exchange, Any Good?

Postby nors » Wed Sep 19, 2018 8:02 am

Smarkets the new exchange have a brilliant offer on the EPL.

https://www.olbg.com/promotions.php

For those of us who trade it should be easy to glean a profit when using this offer, especially if you have other exchange accounts.

If just placing outright bets choose your team carefully - and look at their next 5 games.

It may be nearly impossible not to make a profit!

Unfortunately i already have an account with them from the Cheltenham Festival, but I would say don't miss this, as it wouldn't surprise me if they have been inundated and may remove the offer sooner rather than later. :win:
OLBG Community Manager.

sharon29u
2yo
Tips
Posts: 1
Joined: Wed Nov 13, 2019 12:37 pm

Re: Smarkets Betting Exchange, Any Good?

Postby sharon29u » Thu Dec 26, 2019 6:08 pm

Hi sorry i cant find a way to post a new topic.

With Smarkets now charging 3% commission per each individual matched bet that settles ,winning bets and losing bets ,if you have earned more than £25,00 in a calender month.
Are these numbers correct?
I place a £200 back bet at 10.0 , then i place a lay bet on the same horse for £222.22 at 9.0 gving me profit of £22.22 .

The horse wins the race,
Back bet wins £200 x 10.0 = £1800 profit , Smarkets takes £54 commission
Lay bet loses = £222.22 loss, Smarkets takes £6.66 commission

Final profit/loss
£22.22
-£54
-£6.66
= -£38.44
So a profitable trade now becomes a loss?

newoelp1
2yo
Tips
Posts: 5
Joined: Tue Apr 28, 2020 8:44 pm

Re: Smarkets Betting Exchange, Any Good?

Postby newoelp1 » Tue Apr 28, 2020 8:51 pm

Smarkets is an English site that offers online betting exchange from the win-win philosophy, allowing its members to bet with each other in a market of odds on sports events, politics and other current topics.

agourbet
Handicapper
Tips
Posts: 12
Joined: Tue Jun 02, 2020 11:09 am

Re: Smarkets Betting Exchange, Any Good?

Postby agourbet » Wed Jun 10, 2020 1:22 pm

Smarket was good until they kick out 249 countries from 250 that exists. I don't understand why they did that, i really like their website and their UI. Does anyone know if they have changed that? Thanks

Who is online

Users browsing this forum: No registered users