Smarkets is the peer-to-peer online betting exchange which enables the users to bet on sports, events and politics in a competitive, modern and fair environment.What is Betting Exchange?Betting exchange is nothing but an online marketplace for users through which they can bet on the outcome of discrete events.
Betting exchanges offer the same opportunities to bet as a bookmaker with a few differencesThe major difference with the betting exchange is that, users can bet against each other on the outcome of events rather than betting against the bookmaker with his limited rules.
This is major reason for the success of the online betting exchange like Smarkets, Betfair, Bet365.How does Smarkets Makes Money?Smarkets generate revenue by charging a small percentage of your winnings in commission.
Comparing with the other betting exchanges, Smarkets charge minimum cost of two percentage from the winners money.This method has accelerated their growth, and now Smarkets is one of the highly used betting exchanges across the globe.As a proof of it, Smarkets announced that it has processed over $15 billion in transactions across regulated markets, but a lot of that money has flowed through the betting exchange that is the company’s bread and butter.How to use Smarkets?In order to make your bets in Smarkets and to make money, initially there are some basics steps.
If you have been referred by someone, you can provide the referral code while signing up.Update Personal detailsOnce after signing in to your account, you need to update your account by filling up your personal details such as country, name, address and more.Deposit:After setting up your account, you will be allowed to make your first deposit.
Well the minimum amount for deposition starts from £20.How to make bet on Smarkets?