Smarkets Promo Code & Sign Up Offer: 0% Commission for 60 Days

Smarkets was founded in 2008 and is a privately owned betting exchange rather than a traditional bookmaker, combining state-of-the-art technology with low commission rates. Smarkets is licensed by the UK Gambling Commission under license 33562 and has its headquarters in London at 7th Floor, 1 Commodity Quay, London, E1W 1AZ.

Smarkets Sign-up Offer Explained in Detail

Because Smarkets is a betting exchange and not a traditional online bookmaker, they make money by charging a commission of 2% on net winnings for any given market. Therefore, eliminating this commission for 60 days can be very attractive to punters.

Redeeming the Smarkets welcome offer is simple. Here’s a step-by-step guide to how it works:

1. Sign Up
   Register a new account at Smarkets using the links on this page and the promo code COMMFREE.
2. Make Your First Deposit
   Deposit at least £10 using a debit card or instant banking. Smarkets does offer other payment methods but, depositing via those will exclude you from the welcome offer.
3. Unlock the 0% Commission
   For the next 60 days you’ll then be able to bet at fantastic odds without paying any commission on your bets (usually 2%). This could save you hundreds of pounds if you bet regularly so it’s well worth redeeming.

Smarkets Sign Up Offer Key Terms and Conditions

Listed below is a list of the most important terms and conditions to bear in mind when claiming the Smarkets sign up offer. 

Deposit at least £10/€10

You must make a first deposit of at least £10/€10  in a single amount to be eligible for the new Smarkets welcome offer.

Deposit by debit card

The best way to ensure you are using an eligible payment method is to deposit via debit card or instant banking. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. Please note that this includes virtual Monzo cards, first deposits made by this method will not qualify for the welcome offer.

Enter the promo code

You must enter code COMMFREE in the promo code field during registration

0% Commission applies for 60 days

Eligible customers will be able to enjoy trading with a commission rate of 0% on all bets that settle within 60 days from the deposit. This will be applied to all bets that settle while the promotional commission rate is active on their account. Any bets which settle after the expiry of the eligibility period will settle at standard commission rates.

Once the 60 day period has elapsed the account will be set to the default commission rate.

Ensure you are eligible

• Customers who access Smarkets through any API or trading software will be ineligible for this offer.
• This offer is only available to customers in countries where you are able to operate a Smarkets account.
• The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, IP address or shared computer.
• This promotion cannot be used in conjunction with any other sign-up promotion.
• Existing SBK sportsbook users are not eligible.
• This promotion is only available to users 18 years or older.
• Smarkets reserve the right to change or stop this promotion if required for any legal or regulatory reason.
• Any customer who has been sent an email stating that they are not eligible for bonuses will not receive this offer, even if they meet all other terms of this promotion.
• Smarkets T&Cs apply
• Please gamble responsibly, begambleaware.org 18+

Does Smarkets Offer a Promo Code?

Yes. The Smarkets Bonus Code to redeem this offer is COMFREE and it is vital that you enter it correctly during the registration process.

Any users who sign up without entering the above Smarkets Promo Code will be required to pay the standard 2% commission rate on their bets as they will not be eligible for the offer.

How does the Smarkets Welcome Offer compare with competitors

The Smarkets sign up offer is very different to the standard bonuses and free bets offered by bookmakers. Rather than a Smarkets free bet which can only be used once, the 0% Smarkets new customer offer runs on every bet you place for a full 60 days. This means that the more you bet, the more money you will save by not having to pay commission. 

Smarkets Key Sportsbook Features: Why Should You Sign Up?

There are lots of reasons to sign up to Smarkets beyond the sign up offer, and most of these are related to the many benefits of running a betting exchange. Below our some of our favourite aspects of the Smarkets platform, starting with the most important factor: superior odds. 

Better Odds

In almost every instance, Smarkets betting exchange offers better odds when compared to those you will find on traditional online bookmakers. The betting exchange enables punters to set their own odds which almost always wind up being to the bettor's advantage.

No Betting Limits

Most traditional online bookmakers impose betting limits on their customers. And while these limits are often more than the average punter would ever wager, they are limits nonetheless. If you enjoy living on the edge and don't want anyone imposing limits on your activity, the Smarkets betting exchange is for you.

Cash Out

Cash out allows users to lock in winnings or cut losses if they sense a particular bet may be in danger of going south. This is a much in-demand feature on traditional bookmaking sites and it's good to see it offered here. Keep in mind that cash out is only activated in instances when you have matched bets on a given contract, when there is sufficient volume on the betting market and your exposure is not £0.

Smarkets Free Bets and Offers for Existing Customer Offers

Aside from the Smarkets sign up offer there don’t seem to be many Smarkets promotions on offer, and this is in large part due to the fact that it is a betting exchange as opposed to a traditional sportsbook. There may be more offers available to existing customers during the major events but it seems that there are not ongoing promotions available like you tend to see at the major bookmakers such as bet365 and Paddy Power. Plus, if you are active on Smarkets during the first 60 days after opening your account, the amount you save on commissions could conceivably outpace loyalty rewards you might receive from standard bookmakers.

The main selling point here is the odds as, due to the exchange model, the prices available are usually higher than what you’ll find at conventional bookmakers.

In horse racing markets you can often find huge discrepancies between the odds available at Smarkets and the major bookmakers. If you like to bet ‘win only’ and are not afraid to back outsiders, you can achieve vastly better odds which are, in many ways, better than loyalty bonuses or free bets.

Is There a Smarkets Mobile App?

Yes, there is. The Smarkets mobile app is available for free download on both Google Play (Android) and the Apple App Store (iOS). As of this writing, we could not find any user reviews on Google Play. However, nearly 5,000 people rated the app on the App Store and around a dozen or so left reviews. Overall, the app achieved an outstanding score of 4.8 out of 5 possible stars. 

Every feature available on the Smarkets website, including cash out, is also available through the app and that includes access to the new customer promotion. Overall we found the Smarkets app to be well-organised and attractive with intuitive navigation and glitch-free operation. 

Smarkets Responsible Gambling Features

Smarkets' responsible gambling features are pretty typical for betting sites. The features are easily accessible through their Help Centre and include tools such as:

• Setting deposit, loss and stake limits: Smarkets enables customers to set limits on their account activity including daily, weekly and monthly deposit limits. 
• Taking a time out: Smarkets time out feature enables customers to take a break from gambling for 1, 7, 31 or 42 days. You can set the time out limit through your account settings.
• Self-exclusion: Self-exclusion is the next step up from time out and will see your account closed and completely inaccessible to you for a period of 6 months.

Smarkets Customer Service

Smarkets customer service is significantly better than we expected it to be. Customers are provided with several communication options such as email ([email protected]), X (@SmarketsTeam), live chat and direct phone call (+44 207 617 7413) with customer care agents available 7 days a week between 9 am and midnight. Finally, Smarkets maintain a comprehensive Help Centre that goes into an impressive level of depth regarding common customer issues. It should also be noted that response times for live chat can be somewhat sluggish.

Our Experience Using Smarkets

Smarkets offers a fantastic product with better odds than I can get with the major bookies. If you can avail of the Smarkets Welcome Offer and bet free of commission for the first 60 days you’ll be hard pressed to find better odds anywhere.

I particularly like the website design including graphs and charts of odds movements across the events taking place that day. And as well as being able to bet on Sports, I was really happy to find plenty of politics and special bets that are not always available at every bookie.

Of course, being an exchange may make the website seem quite confusing to some, but so long as you are quite savvy, you’ll enjoy the ability to lay as well as back and to easily cash out or partially cash out positions quickly and easily.

I would definitely recommend Smarkets to all punters - especially if you like to bet outsiders. It’s not unusual to see a horse available at over 100/1 on Smarkets when it may be only 50/1 with the major bookmakers.