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#WDPHotTip on Betting Exchanges
Smarkets, alongside Betfair, is the joint most popular betting exchange for matched betting. As their commission rate is only 2% it makes them more profitable to use in the long-run for matched betting.
We do almost 80% of our lay bets with Smarkets and only use Betfair when their lay odds are substantially better than Smarkets, or if they have a market we need to bet on that Smarkets don’t have, or if their liquidity is better.
Follow our guide below for the best way to claim and profit from their £10 cash refund welcome offer and to learn how to use their exchange, as it is slightly different to Betfair.
Register to Smarkets Exchange. Follow our button below to be taken to Smarkets safely. IMPORTANT The £10 cash refund bonus is applied to your account if you make a first deposit of £20 or more with a debit card. No promo code is required.
Need help? Don’t forget, if you need help at anytime you can:
After registering to Smarkets and depositing at least £20 you will automatically receive a £10 bonus.
You should be able to view it under the section ‘First Deposit Bonus’
If you can’t see the bonus please contact their customer support before placing any bets.
The bonus is valid for 3 months and all you have to do to receive it as cash is use Smarkets from now on as your primary exchange for laying your bets with when matched betting.
As soon as you ‘lose’ £10’s worth of lay bets out of Smarkets whilst you are doing another matched betting offer you will be automatically refunded the £10.
You can see below how our lay bet on a Man Utd game that we were matched betting on was refunded as £10 cash when it lost out of Smarkets (way back in 2017!)
So at Smarkets the Lay Odds are in the BLUE BOXES (rather than pink boxes as at Betfair).
The liquidty available appears in £ underneath the lay odds box.
To place a lay bet all you need to do is click the blue lay odds box and a betslip will appear.
Double check the betslip has the word ‘AGAINST’ in blue to be sure you are placing a lay bet.
Write the lay stake amount it, double check your liability is correct (as per your calculator) then just click place bet > confirm bet.
As soon as a lay bet is confirmed and matched it will appear in the ‘Active Bets’ of the ‘YOUR BETS’ section which can be found under your balance.
You can also select to see unmatched bets, partially matched bets and recently settled bets as you need. For us this section is much more user-friendly than on Betfair.
For the Paddy Power sign up offer you must use Smarkets to lay your bets as Betfair and Paddy Power are related.
Remember to swap to a 2% commission when using your matched betting calculators.
Watched the videos and read the guides but still unsure what to do or worried you might make a mistake? Don’t worry we’re here to help!
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There are 4 ways to ask for help
Visit our Knowledge-base which includes many matched betting FAQs
Email us at firstname.lastname@example.org. We try to respond within 24 hours
Visit our Potential Bet Selections blog to find Qualifying and Free Bets available this week.