Smarkets — UK Betting Exchange with 2% Commission
Smarkets is a UK betting exchange with a flat 2% commission and a clean, beginner-friendly interface. UK Gambling Commission licensed.
4.0 / 5
★★★★★ ★★★★★ Highly recommended
Strengths
- Flat 2% commission across most markets - meaningfully cheaper than Betfair's standard 5% over the long run
- Clean, modern interface widely regarded as the most beginner-friendly in the UK exchange market
- Excellent iOS and Android app with a genuinely usable bet slip - strong for placing lay bets on the move
Watch outs
- Liquidity is thinner than Betfair on lower-league football, niche sports, and smaller racing meetings
- In-play trading tools and third-party software ecosystem are far less developed than Betfair's
- Customer support is limited outside weekday business hours, which can be awkward during weekend racing
£0
Typical price - check Smarkets (Awin programme pending — outbound via /go/smarkets redirect handle) for live pricing.
- Type Peer-to-peer betting exchange
- Commission Flat 2% on net market winnings
- Founded 2010
- Headquarters London, UK
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By Editorial team1 min read
- Type
- Peer-to-peer betting exchange
- Commission
- Flat 2% on net market winnings
- Founded
- 2010
- Headquarters
- London, UK
- Regulator
- UK Gambling Commission
- Liquidity strength
- Premier League, top-flight UK and Irish racing, major international tournaments
- Mobile app
- iOS and Android - among the most usable in the exchange space
- Payment methods
- UK debit card, bank transfer, PayPal, Apple Pay
- Minimum deposit
- Low (a few pounds)
- Public API
- Yes (third-party tooling ecosystem smaller than Betfair's)