Smarkets review (UK)
A low-commission exchange with trader-style tools and prices above the sportsbook average after commission. Liquidity trails Betfair, its Android app has had a rough patch, and customer reviews are mixed.
Best for: Traders who want low commission and order book tools
- 2% standard commission, stated in its App Store terms
- Order book view, live charts and trade-out tools
- Priced about two points above the sportsbook average after commission in our sample
- 24/7 live chat, according to its app listing
- Thinner liquidity than Betfair, especially on niche markets
- Android rating of 2.83 from 1,368, far below iOS at 4.77
- Trustpilot 2.2 from 627 reviews
- Fined £630,000 in August 2022, outside our check period
- Prices 30%5.0
- Trust and safety 20%4.8
- Markets and coverage 20%4.2
- Payments 15%Not scored
- App and tools 15%4.2
- Licence holder
- Smarkets (Malta) Limited
- UKGC account
- 39173
- Owner
- Smarkets (Malta) Limited, owner not confirmed
- Founded
- 2010
- iOS app
- 4.77 from 4,635 ratings
- Android app
- 2.83 from 1,368 ratings
- Trustpilot
- 2.2 from 627 reviews
- After commission
- 94.4%
- vs sportsbook average
- +1.1 pts
- Best price share
- 34.6%
Measured after standard commission against the sportsbook average, on 177 markets across 177 matches, latest prices 11 Nov 2026. This is a small sample of the leagues we track, so treat small gaps with caution. A price is only available for the money other customers have offered.
0% commission for 60 days
- PayPal, Skrill and Neteller deposits don't count
18+. Register with code COMMFREE and make a first deposit of at least £10 in one amount. First deposits by Skrill, Neteller, PayPal or a virtual or prepaid card do not qualify. Applies to bets settling within 60 days of the deposit, then the standard rate applies. API and trading software users and existing SBK users are excluded. One per person or household.
Offers change often and can differ depending on how you reach the site. The bookmaker's own terms apply. How to read an offer
What it does well
Smarkets looks and works more like a trading platform than a bookmaker, with an order book, live charts and a 30-day profit and loss view. Its 2% commission is stated in its app store terms, which is clearer than many rivals. It also covers politics and current affairs, and the app is now titled Smarkets: Prediction Markets. SBK, its sportsbook, is a separate app.
Prices
Measured after 2% commission, Smarkets sat about two points above the sportsbook average on the same markets. Match result prices make up nearly all of this, so it says little about totals and handicaps.
Liquidity
Trade press describes Smarkets and Betfair as the two largest UK exchanges, but reviewers note that Smarkets does not match Betfair on niche sports and in-play markets. We found no audited figures. Check how much money is available at the price you want.
App
The iOS app rates 4.77, while Android sits at 2.83. Release notes say several features "are back" after feedback on an update, which suggests a difficult redesign.
What we could not check
Smarkets' site refused our checks, so we have not scored payments. A smaller guide reports a £10 minimum deposit and no fees. A US launch is reported to be targeted for the end of 2026. Smarkets was fined £630,000 in August 2022, before our check period.
- United Kingdom · Gambling Commission
- Min £10
Debit card
Deposits and withdrawals · withdrawals: 1–6 business days · fee: None (Smarkets absorbs deposit and withdrawal fees)
- Min £25
Deposits and withdrawals · withdrawals: 1–6 business days
Deposits and withdrawals · withdrawals: 1–6 business days
- Min £10
Deposits and withdrawals · withdrawals: usually within 12 hours (up to 24 hours) · no fee
Bank transfer
Withdrawals · withdrawals: 5–10 business days
Deposits and withdrawals · withdrawals: 1–2 business days
- Min £10
Deposits and withdrawals · withdrawals: 3 hours · no fee
Figures from Sports Mole Neteller betting sites (Dec 2025), Smarkets help centre: Visa Debit, Smarkets help centre: Payment Methods Hub, Smarkets help centre: Instant Bank Transfer, Smarkets help centre: Bank Transfer and Smarkets help centre: Skrill, not yet checked with Smarkets. Limits and times change, so check the cashier before you deposit.
Sources for this review
- gamblingcommission.gov.uk: Licensee, account 39173, Betting Intermediary licence active, 0 regulatory actions
- gamblingcommission.gov.uk: Register data files: smarkets.com, betsbk.com and getsbk.com under 39173
- gamblingcommission.gov.uk: Regulatory actions register read 2026-11-06: 142 records dated 14 Nov 2023 to 29 Oc
- gamblingcommission.gov.uk: Commission enforcement news list read 2026-11-06, used to cover early 2023, which t
- apps.apple.com: iOS rating and count via iTunes API (store data); operator-written listing text: features, sup
- play.google.com: Android rating and count; 0% for 60 days short description; updated 28 Oct 2026 (store data)
- apps.apple.com: SBK app published by Smarkets Malta Limited, updated 2026-11-05
- uk.trustpilot.com: Trustpilot score and review count
- gamblingcommission.gov.uk: £630,000 fine, 11 Aug 2022, outside the requested window
- thelines.com: Launched 2010; position against Betfair and Matchbook
Ratings on OddsUpfront are editorial opinions based on published terms, regulator records, app store listings and our own price data. We have not tested deposits, withdrawals or customer service in person, and terms can change, so check the bookmaker's site before you sign up. We may earn a commission from links on this page; it does not affect the rating. How we rate
