Smarkets
Smarkets is a modern betting exchange with a flat 2% commission, fast execution and strong liquidity on major football and US sports.
Excellent exchange for arbers and value bettors who want low commission and clean execution.
- Low 2% commission
- Clean and fast interface
- Does not limit winning players
- Good liquidity on major events
- Thinner liquidity on niche sports
- Smaller range of exotic markets than Betfair
- Limited live streaming
- Verification can be strict
General info
Smarkets was founded in 2008 and has grown into one of the leading peer-to-peer betting exchanges. It is regulated by the UK Gambling Commission and the Malta Gaming Authority.
Exchange model and commission
Smarkets operates as a betting exchange where users bet against each other. The standard commission is 2% on net winnings per market, which is lower than Betfair's default rate.
Use for arbitrage
The low commission makes Smarkets attractive for laying off arbs with thin margins. It works best for football, basketball and US sports.
Payouts and KYC
Withdrawals are generally processed within 1 to 3 days. KYC is standard and may require source of funds for larger players.
Excellent exchange for arbers and value bettors who want low commission and clean execution.
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