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Online Gambling Sites » Smarkets Review

Smarkets Review Canada 2024

Is Smarkets Reliable for Sport?

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Smarkets Sports
Rating follows
  • Refund of up to $10 if your first bet loses
  • Customer service available 24/7
  • Stylish website and user interface
Smarkets Sports Bonus
T&Cs apply, 19+
User Reviews

The UK’s most famous betting exchange has now landed in Canada! So if you’re after a stylish betting exchange that lets you trade bets on a range of major and minor sports, get in on the action Smarkets.

Given the fact that you can get your first bet refunded if you lose, it’s little wonder that we found that this exchange stands out in a sector not renowned for its healthy bonuses. We’ll answer your questions regarding the excellent range of sports on offer as well as enjoying 0% commission on some bets.

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The most important facts about Smarkets
  • Famous UK-based sports betting exchange
  • Trade bets on all major and minor sports
  • Licensed by the Malta Gaming Authority
  • Small but decent Smarkets sign up bonus
  • Stylish and user-friendly betting exchange
Payment Methods
Bank Transfer
MGA - Malta Gaming Authority
Accepts Customers from
Show StatesCO
Show StatesCO
1 – 5 Days
Smarkets (Malta) Limited
Available Languages
Customer Support
Phone, Email Support
020 7617 7413
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Overall Rating
Rating follows
  • Bonus Offers & Free Bets
  • Usability, Look & Feel
  • Mobile App
  • Payment Methods
  • Customer Service
  • Licence & Security
  • Rewards & Loyalty Program
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Last Updated on 14/07/2024
Fact checked by: Kyle Tremblay

All About Smarkets Offers

There’s a very promising Smarkets sign up bonus currently available. But before you rush in to use this deal, make sure that you read our tips and advice on putting this Smarkets sign up offer into action.

Top 5 expert tips to take advantage of the offer

The Smarkets sign up bonus requires plenty of skill to be used effectively. Follow these simple tips for the best way to use this welcome offer.

Get your payment methods right

You can only claim the Smarkets sign up offer by using one of the permitted payment methods.

Be quick with your bets

You’ll get just one week to use your bonus funds, so don’t let them go to waste. 

Try riskier betting options

This Smarkets sign up bonus allows you to try riskier bets, so don’t let this opportunity pass you by.

Focus on the best betting markets

Smarkets Canada offers lots of betting markets for each sporting encounter that allows you to use your expertise.

Use live betting

You might be able to trade even more lucrative odds if you take advantage of Smarkets’ live betting platform.

Frequently Asked Questions About the Bonuses

What is the minimum deposit?

You can claim the Smarkets sign up bonus with a minimum £20 deposit.

Do I need a Smarkets promo code?

No Smarkets promo codes are required for this welcome bonus.

What are the time limits?

You will get seven days to use whatever Smarkets sign up offer you receive.

What are the wagering conditions?

You just have to bet the value of your Smarkets sign up bonus once to make a withdrawal of your rebated funds. 

What payment methods can I use?

You can make a qualifying deposit with either cards, bank transfers or Trustly payments.

Smarkets Sports Bonus

The Smarkets sign up bonus is a losing bet refund deal. You won’t need to use a Smarkets promo code to get this offer, and it can refund your first losing bet with up to £10 in bet credits.

Reality Test: Wagering the Bonus

Our Smarkets review found that it was simple to activate and use this welcome bonus. After we signed up to the betting exchange, we just had to make a minimum £20 deposit with one of the accepted payment methods and place our bets.

There was no need to use any Smarkets promo codes, and we were given freedom to bet on any odds that we wanted. If we’d won our bet, we would get to keep our winnings as normal. But seeing as we lost our bet, the Smarkets sign up bonus kicked in and we found that our betting stake was refunded with up to £10 in bet credits.

Bonus Withdrawal

Once you get your bet refunded, you’ll just have to bet the value of your deposit on any of the betting exchange’s odds. Again there are no odds requirements and you’re free to bet on whatever sport you choose.

Pitfalls & What to Avoid when Claiming Bonus

We found that you cannot claim this Smarkets sign up offer with deposits made with any kind of ewallet like Skrill or Neteller. Plus you won’t be able to get this deal with prepaid cards like Paysafecard. Our Smarkets review also found that you get just seven days to use the bet credits received from this deal.

Verdict on Bonus

This Smarkets sign up offer is a decent deal. While there might be larger welcome bonuses out there, it’s a nice way for newcomers to try the site without having to use any of their own money. Plus the fact that you don’t need a Smarkets promo code to access this special offer means that it’s quick and simple to put into action. All of which means that you have a good reason to sign up to Smarkets Canada.

Sleek and stylish betting exchange found in our Smarkets reviews

The Smarkets Canada site is good-looking and easy to use. It uses a refined and elegant black, white and green colour scheme, and offers a range of graphics from the biggest sporting events for its major forthcoming markets. We found that the Smarkets website loaded quickly despite the huge amounts of betting markets that were on offer.

In terms of functionality, our Smarkets review found the site to be surprisingly simple to use. All of the major sport types were clearly listed in categories in the sidebar, the main upcoming betting markets were located in the centre of the screen, and there was another sidebar that listed some of the more popular betting markets.

In terms of trading your bets, there were plenty of helpful graphics that showed how the odds had shifted over the past few hours, and it proved to be remarkably simple to back and lay your sports bets.

Doing anything from logging into your account, accessing the help centre and entering in Smarkets promo codes was all made simple thanks to the site’s intuitive design. The only issue that we had was the fact that there weren’t any French language options which might be off-putting for some Smarkets Canada customers.

Fair choice of payment methods at Smarkets Canada

By reading this Smarkets review, Canada’s sports fans might be disappointed to find that you cannot bet on sports in Canadian dollars at this site. Instead you’ll either have to bet in British pounds, euros or a range of Scandinavian currencies.

Our Smarkets reviews found that the brand allows you to make deposits with cards like Visa, Maestro and MasterCard, ewallets such as Neteller, Skrill and PayPal, or you could also use Trustly or make a bank transfer.

All of these deposit methods are free and deposits should be added to your account instantly with the exception of bank transfers which could take up to five working days. For most payment methods you can deposit from a minimum of £10 at a time, although this might rise to £20 for PayPal and bank transfer payments, or £40 for Trustly payments.

Smarkets Canada allows you to withdraw your money for free, with the exception of making manual bank transfers which have a £10 fee. Ewallet withdrawals should take up to two working days to process, while the processing time might rise up to six working days for other withdrawal methods.

You’ll normally be able to make withdrawals from a minimum of £10, although this amount rises to £20 for bank transfer withdrawals, and £40 for Trustly withdrawals.

Payment Provider Deposit min/max Withdrawal min/max Deposit time Withdrawal time Safety Approval rate
PayPal very high High
Bank Transfer at least 10€ 3 - 5 days 2 - 5 days very high
Skrill at least 10€ instant 1 - 2 days high
Neteller at least 10€ instant 1 - 2 days high
Visa at least 10€ at least 10€ instant 1 - 2 days high
Mastercard at least 10€ at least 10€ instant 1 - 2 days high

24/7 customer support found in our Smarkets review

We were delighted to find that Smarkets Canada offers a responsive customer service team who are ready to hear from you 24 hours a day, seven days a week. This is handy as you never know when you will need help in doing things like knowing where to enter a Smarkets promo code or making a withdrawal from the betting exchange.

As soon as you log into your account, you will find that there’s a live chat service that’s easily accessible. Plus you can always send the brand an email via its dedicated customer support email address, and it’s nice to see that Smarkets has an official Twitter account for technical help, and the brand is also on Facebook.

Our Smarkets reviews also found that the brand offers telephone customer support.  However, by reading this Smarkets review, Canada’s sports fans will see that this phone support is only open between 0900 and 0000 hours UK time, and that it’s a UK-based telephone number which might run up some big phone bills.

Thankfully there’s a great help centre at this betting exchange. This has a large amount of articles relating to things like account verification, payments and bonuses and promotions, so you’ll have somewhere to look if you are having trouble with a Smarkets promo code. We should also note that the site has a great community bulletin board where you can discuss a range of topics with like-minded sports fans.


Customer Service Smarkets
Available Languages: English, Swedish, Portuguese
Telephone: 020 7617 7413

Secure and fully licensed betting exchange

By reading this Smarkets review, Canada’s sports fans will see that this is a fully licensed and regulated betting exchange. The brand has been licensed by the Malta Gaming Authority, which means that it’s perfectly legal and safe to bet on this site, from Canada. Betting sites will only be able to receive a license from the MGA if they can prove that they offer a fair and safe online gambling service.

Your sensitive personal information and deposits will be kept safe at Smarkets. This is because this website uses https protocols to make sure that all information that is passed between your browser and the site is fully encrypted.

Our Smarkets review found that the brand has a section of its website devoted to responsible gambling. This provides you with help in setting up your own stake, loss and deposit limits, and you are also given the option of excluding yourself from the betting exchange. All of which should set you up for some legal, safe and responsible sports betting at Smarkets.

MGA - Malta Gaming Authority


Malta Gaming Authority


Headquarters / Regulated Since

MT / 2001-01


Curaçao eGaming


Headquarters / Regulated Since



Gibraltar Regulatory Authority


Headquarters / Regulated Since

GI / 2000-10

Lack of promotions found in our Smarkets reviews

While there’s a nice welcome bonus at this betting exchange, by reading this Smarkets review, Canada’s sports fans might be disappointed to see that there’s nothing in the way of special offers for existing customers.  It doesn’t matter what kind of Smarkets promo code you have, as you won’t find any kind of promotions beyond the welcome bonus.

However, we did find plenty of evidence of there being previous special offers at the site’s help centre. For example, we found lots of information regarding promotions that gave customers a chance to enjoy 0% commission over their bets at the betting exchange. This looked to be a great deal as it helps you to sidestep the 2% commission rates that Smarkets applies to your winnings on the site, and you didn’t even need any Smarkets promo codes to take advantage of this deal.

But it didn’t stop there as our Smarkets review also found special offers that gave away tickets to major horse racing events. To get involved you just had to select five winners on selected racedays and find yourself at one of the major UK race meetings.

We should mention the fact that Smarkets has a refer-a-friend bonus program. By getting a friend to sign up to this site, you could both earn a risk-free bonus worth up to £10. Just remember that the friend that you bring to the betting exchange will have to enter their Smarkets promo codes in the form of a referral code when they sign up to the site.

Betting Markets

Our Smarkets reviews found that the brand allows you to back and trade bets on a good range of sports. By reading this Smarkets review, Canada’s sports fans will see that the most popular bets tend to be on sports like soccer, tennis and horse racing, and we were disappointed to find that Smarkets didn’t have any markets on hockey.

However, we did find that you could back and trade bets on other popular North American sports like football, basketball and baseball at this betting exchange. The other sports that you could bet on included Australian rules football, boxing, cricket, darts, golf, esports, greyhound racing, motor sports, rugby, table tennis and volleyball. Don’t forget that it’s the political betting and financial bets that have helped Smarkets become one of the most popular betting exchanges.


The whole point of betting exchanges is that they are meant to offer you better value odds than standard sportsbooks. This is because you are backing and laying odds put on by other punters.

So we carried out an odds comparison test between Smarkets and Unibet for who would win the NBA Championship. Smarkets had odds of 3.75 for the LA Lakers to win this basketball tournament which compared favourably to Unibet’s odds of 3.50. Smarkets also had a better price of 4.00 for Milwaukee Bucks to win the NBA Championship compared to Unibet’s odds of 3.50. Just don’t forget to factor in Smarkets’ 2% commission rates on any profits that you make from the betting exchange.

Sport Average odds range
Football Football
90% - 94%
Tennis Tennis
92% - 94%
Basketball Basketball
88% - 90%
Hockey Hockey
86% - 90%

Live Betting & Streaming

Smarkets allow you to bet live on a fair amount of sports that range from anything from tennis to esports like League of Legends to Dota 2. The betting exchange doesn’t give you too much information to base your in-play bets on as there is no live video streaming, so you’ll just have to make do with following the live score. Thankfully there looked to be a good amount of live betting markets for each encounter.


As Smarkets is a betting exchange, it means that it doesn’t have some of the maximum winnings limits that you might find at some sportsbooks. All of which means that you could make some decent profits at this site.

Product Summary & Conclusion

The fact that Smarkets didn’t have any NHL bets might have the potential to put off some Canadian customers from using this site. Despite this, we found that the brand’s odds for sports like NBA basketball were clearly ahead of standard sports betting sites. All of which means that Smarkets is definitely worth a look before you put down your next sports bet.

Smarkets review Canada FAQ

✔ Are Smarkets reliable?

Finding a site you know you can rely on is a real battle in some cases when you’re looking for sportsbooks and casinos online. This isn’t always a topic you can find out more about either. does however cover this topic in depth, as we believe it is a crucial factor to bear in mind before you join Smarkets. That’s why it features in our review of the site.

❓ Do Smarkets close winning accounts?

The last thing you want when you’re winning while using a sportsbook is to find they’ve closed your account. There is a chance that you may go on a winning streak, so you should find out ahead of time whether the sportsbook you want to use could employ this tactic. Read our review for the Smarkets website to see if you can trust their service and platform.

✋ Can I cash out with Smarkets?

Cashing out is an important part of using any online betting site. If you cannot cash out – or there are lots of rules revolving around this process – you will end up moving to another site instead. At, we look at whether you can cash out with Smarkets, and if so, how you need to go about it to be able to get to your cash.

🆗 What is Smarkets Casino?

Before you visit and join Smarkets, it is sensible to check out the site to see exactly which services it can offer to all Canadians looking for somewhere to make wagers. Some sites offer sportsbooks, casinos, and racebook features, while others offer one or more of those. gives you the latest lowdown on Smarkets for Canadian players.

🆘 Are there any Smarkets issues?

If you’ve read reviews of Smarkets and you’ve noticed a 100% positive approach to the content, you may not fully trust the information you’re reading there. Fortunately, Wetten’s team of reviewers and experts can bring you the best and most accurate information for Smarkets if you’re eager to join the site. This review is the only one you’ll need to read.


We found that the Smarkets site offered you a great new way to enjoy sports betting. Betting exchanges might not be for everyone, but we think that you’ll enjoy trading bets on anything from NBA basketball to soccer here.

The site is fully licensed, has 24/7 customer support, and you don’t even need a Smarkets promo code for the welcome bonus. So be sure to sign up to Smarkets to see what you can win.

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Smarkets Sports
Rating follows
  • Refund of up to $10 if your first bet loses
  • Customer service available 24/7
  • Stylish website and user interface
Smarkets Sports Bonus
T&Cs apply, 19+
Our Team
Melissa RoyKyle Tremblay
Melissa Roy
Melissa Roy
Kyle Tremblay
Kyle Tremblay
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