Aside from the welcome bonus, there is only one other traditional promotion available at Smarkets. While that might not seem like much, remember that as a betting exchange, the expectations for promotional variety is different here. That’s because of the logistical differences between these kinds of betting sites. If you look at other betting exchanges, you will also find that they also have fewer promotions than traditional betting sites. This is a product of being a betting exchange, so we don’t think it is fair to criticise them for this fact.
However, there are some bonuses available that we will take a look at. Do keep in mind that this is intended as an overview, so full terms and conditions can be found on the site itself. Furthermore, promotions can often change, especially if they are tied to a time-sensitive event. With that in mind, let’s take a closer look at the kind of quality of bonus you can expect from Smarkets. £10 Welcome Bonus: Open an account and deposit £20, and your first £10 of losses will be refunded. This essentially allows you to bet that amount risk free. You must bet at least the qualifying deposit amount, otherwise, funds will be forfeited and this is one promotion per person.
Premier League 2018/19 New Customer Offer – Up to £50 Risk Free: This is split up into five £10 risk free bets across your chosen team’s league matches in the 2018/19 Premier League season. Each team has its own unique code and if you place your bet and you lose, you will be refunded up to £10.
It’s a quality couple of bonuses from Smarkets, to the extent that you can see why they can’t be this generous across a dozen or so other examples. However, it doesn’t end there. The reason we have said ‘traditional bonuses’ is because, while Smarkets other promotions might not be what you may expect from a betting site, they do offer other rewards and incentives that are more appropriate with the betting exchange model.
These include 0% commission for certain customers and ticket giveaways for race days. We think when you consider this – alongside just how good those two promotions are –, that not only is this an area of criticism for Smarkets but something they deserve to be praised for.