Smarkets the betting exchange. Do I like them?
No. Not very much.
See this report in the Guardian for starters.
It raises obvious questions about their ethics.
Why should punters have to drag them through IBAS just
to get them to comply with their own stated terms and
What about others punters effected - are Smarkets now
proactively hunting them down and paying them..or NOT?
Perhaps the most worrying line from the Guardian was
"Ibas believes the account which offered
the bet had been hacked"
Would that be comforting to know if you had your card
details never mind wads of cash lodged at Smarkets?
Then to add to the above I recently red a forum dedicated
to betting webmasters. Multiple webmasters there were
complaining about Smarkets. It seems Smarkets wanted
to welch on headline promises made to many webmasters
who had referred them new business.
At times such actions can be a smoke signal of worse
to come. History is littered with betting operators
who have gone out of business. Usually it is the punters
who are last to find out.
If they are welching on paying webmasters who promoted
them and were seeking payment for customers already
sent , well that gets my own spider senses tingling.
But of course it may be they have no cash flow worries
at all and instead just suffer from low morals and ethics
at their heart.
My own call however would be that there are better
betting exchange bets for you.
#1 - Betfair
- The biggest, the slickest, the most liquid, the most
features and options packed. The safest option in my
#2 - Matchbook
- less featured , not so slick but very good value for
money with a commission rate of just 1.15% for any uk
punter who wants to back or lay a horse.