What is Smarkets?
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 differences The 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 ...