The Welcome Offer Explained
There is always a worry that our opening bets with a new bookie won’t go to plan, and we may end up on an opening week loss. To alleviate this worry, the Smarkets sign-up offer allows customers who make net losses on their opening bets to receive a bonus up to the value of £10.
The bonus amount of £10 paid to cover any net losses on your first bets at the Smarkets platform is paid directly to you in the form of a cash payment. The bonus funds will be rebated to your account and from there you must fulfil the wagering requirements. The initial deposit must be bet on any combination of markets within the time period for rebated funds to become withdrawable.
As a money back offer, the Smarkets bonus can be used on the entirety of the sportsbook, covering all markets from football bets to tennis wagers. Also, you’re opening losses will be accounted from bets made across the betting exchange, so no matter how you choose to utilise your opening bets at the Smarkets platform, there will always be cover for up to £10 net losses.
How to Get the Welcome Bonus
There is a very simple and easy process to claiming the welcome bonus at Smarkets and it can be summarised in the five points below. Initially you’ll need to make a qualifying deposit of at least £20, by this we mean using a valid payment method, which according to the Smarkets promotions terms and conditions excludes most e-wallet options. To make sure you receive the bonus, make your opening deposit with a bank card option, and then complete the remaining steps below.
- Step 1: To claim this bonus, first click on the ‘VISIT SITE’ in the opening section of this review, landing on the Smarkets page.
- Step 2: Register yourself with the operator, making sure to enter all your details correctly and deposit a minimum of £20 via card payment.
- Step 3: Claim your £10 bonus and enjoy the sportsbook and exchange betting with market leading odds on a variety of popular markets.
- Step 4: Receive your refund of the first £10 you lose on the platform, money will be paid back to you as rebated funds.
- Step 5: Playthrough the initial deposit amount in order to release the rebated funds as cash and make them withdrawable.
It is important to understand the full extent of the bonus terms and conditions before making the financial commitment to use a service. The Smarkets bonus terms are fairly simple, and shouldn’t cause any misunderstanding or confusion. Once you make the qualifying deposit and accumulate losses on your transaction history, the Smarkets platform will reimburse you up to an initial £10 of losses.
The rebate funds will be paid back to you immediately as a bonus, but in order for the funds to be released as cash you’ll have to play through your initial deposit in any combination of wagers at least once. You’ll have a period of 7 days to fulfil theses wagering conditions, if you do not make it within the 7 days, then your rebate will be forfeited.
In order to keep customers loyal it is necessary to offer more than just a welcome bonus, and the Smarkets offer range recognizes the importance of fulfilling the value ambitions of existing customers. The 0% commission offer achieves this by directly injecting value into every market across the exchange and sportsbook.
By taking 0% commission on markets across the platform Smarkets enables its players to receive much higher payouts when they win a bet. The payouts of standard markets outside of this promotion period remain at 2%, so whilst it is a seemingly minor difference, players making big money bets will certainly notice this wider margin on their bottom line over a busy betting period.
Raceday Ticket Offer
Another fantastic provision of value that Smarkets provides to its players is with the opportunity to win free tickets to horse racing events sponsored by the firm. In the totality of Smarkets promotions this is by far the most unique and niche. Appealing specifically to horse racing betting enthusiasts, it offers free admission to the venue and the capacity to watch a whole days racing.
To enter this contest there is a few simple steps to take, first you’ll need to sign-up with the bookmaker, and then head on over to the social-media accounts of Smarkets. When there is an upcoming Smarkets sponsored race, they will post a reference code to all their followers. Send a direct message to the Smarkets account quoting this reference code to be entered into the prize for free raceday tickets.
One of the great things about this bonus is there are no promo codes required for claiming the insurance rebate. Your participation in the insurance against losses promotion is immediate and automatic, following a qualifying deposit and subsequent bets on the platform, your account losses up to a maximum of £10 are tracked and refunded to you as rebate funds.
Following the receipt of your rebate funds covering £10 of net losses, the Smarkets welcome bonus terms and conditions requires customers to play through at least the value of their initial deposit to the platform, which in the case of claiming the maximum 50% of losses up to £10, would be a total wager amount of £20 in settled bets.
The terms of this offer state that bets can be made on any combination of markets on the platform including Smarkets live arena, and as this offer only refunds losses – there is no need to make this bonus have a minimum odds amount for funds to be paid back to the player. This is certainly a betting bonus, and one that has served to extend the reach of Smarkets into new areas of sports gambling.
In order to claim the Smarkets deposit bonus you’ll need to make an opening deposit of at least £20, and then you’ll receive 50% of your losses paid back to you as a rebate. The only eligible payment methods for activating the bonus of this sportsbook are VISA, MasterCard, Maestro and Trustly. Below you can see the specific limits on each payment methods, and the other options you can utilise for further deposits and withdrawals all of which are available on the Smarkets mobile app too.
As is evident from the table above, there are incredibly flexible limitations placed on deposits at Smarkets. If you’re looking for reliable and fast delivery mechanisms to get funds into your Smarkets betting wallet, the above five options are an excellent range of options. Equally, withdrawals can be exercised in a variety of efficient and cost-effective ways from bank transfer, debit cards and a few different e-wallets.
Conclusion: A Positive Modifier
In general, the Smarkets bonus is a modest offering that will give you a small bit of financial cover in your opening sports bets at the platform. There isn’t a huge amount of profit potential, but it does provide reassurance for new players looking to accept a slightly higher risk with their opening bets. Below you can see our overall assessment of the bonus, and a link for you to register an account today.
Strengths and Weaknesses of the Smarkets Bonus
- Major Strengths
- Easy to use bonus
- Provides immediate rebate to new player
- Major Weaknesses
- Relatively small value
- Requires large first deposit
- Minor Strengths
- Can be used across exchange
- Valid for whole sportsbook
- Minor Weaknesses
- Short validity period
- E-wallet deposit ineligible
Full T&Cs Apply! New customer offer. You must deposit £20 (or currency equivalent) in a single amount with your first deposit to be eligible. Debit card, bank transfer or Trustly only. Please gamble responsibly. 18+
There are many areas of improvement that Smarkets can work on to provide greater value to their customer base. Whilst the 0% commission is a decent promotion for improving the payout rate across sports markets, more loyalty free bet schemes would definitely elevate this bookmaker to the highest tier of the UK’s best betting sites. To read more about this operator and learn about the exchange – sportsbook dynamic, head on back to our Smarkets main review.
This page has sought to provide our readers with the latest information regarding the bonus at Smarkets, if you have any further queries regarding this platform, please direct your inquiry to firstname.lastname@example.org where we will answer as soon as possible, or see below our most frequently asked questions and answers.
Are there any other Smarkets promotions on offer?
There are a couple other promotions available at Smarkets including the 0% commission and free racing tickets offer.
What are the terms of the Smarkets offer?
The specific wagering requirements for the Smarkets new customer bonus are fairly simple to understand. Essentially, you will need to play through the entirety of the initial deposit before any refunded losses become withdrawable cash.
What payment methods can I use with this bonus?
There are several payment methods you can use to be able to activate the new customer offer at Smarkets. The specific payment methods include VISA, MasterCard and Trustly – e-wallets are not an eligible payment method to claim the bonus.
What is the validity of this bonus?
There is a validity period with the welcome offer that you must be aware of, specifically you’ll need to play through your initial deposit in full within 7 days, or risk losing your refunded losses.