Smarkets
Let’s discuss what is so special about Smarkets.
Background and Basic Premise
Smarkets was founded back in 2008 by Hunter Morris and Jason Frost. This new type of exchange based in London, England, brings a fresh proposal to the sport betting table. Thanks to that, they were recently added to the best betting platform.
The two founders had the idea of including financial trading principles to the gambling industry. To do so, they programmed a new online site, not to answer only to the interests of the bookmakers, but be a self-governed institution for players to trade offers amongst themselves and offer their own odds and/or take ones proposed by others. The result was a betting exchange called Smarkets answering to the principle of “Honest, user-centered trading”.
Notable features
Something that must be made clear, is that Smarkets does not get involved in the trading process at all. All the activities are initiated and processed by the users, who make the offers. The administration is limited to facilitating and arbitrating the transactions, for which they charge a quite reasonable fee of 2%. Do gamblers like this proposal? 415 million pounds processed during the last World Cup suggest so.
Furthermore, they are not limited to sports betting. In fact, their most unique characteristic is probably what they call “Current Affairs”. This betting category allows punters to wager on events that are relevant to the inhabitants of the United Kingdom and Europe. Users can place wagers on different issues, that range from politicians winning an election, to bills and legislation being passed, to the most trivial of matters such a reality and/or TV show winner.
Interface and Payment Methods
Smarkets works with different payment methods that include traditional bank transferences, e-wallets, along with different types of crypto-currencies. Also, even though all of the most popular sports are available to bet on, all markets depend entirely on what players are interested in exchanging. For punters that want simpler solutions, the operators launched a traditional sportsbook under the name of SBK.
In terms of technology, their site is completely optimized, making it easy to navigate and mobile friendly. They do have an app, though it is limited to Android devices only. In all cases, the site can be accessed from the browser, while the main theme is adjustable. The odds format is available in decimal, percentage, or using the American System, while the website is available in English, Danish, Swedish and Portuguese, which is no so common in the industry.
Conclusion
Smarkets is a betting endeavor filled with many interesting and unique features, that make it really stand out from the competition. With its many pros and few limitations, it is not a wonder that the betting platform VIP-IBC decided to add it to their list. You will also be able to enjoy it fully, once you open an account.
