SMARKETS – The financial trading on sports betting. It has made it through our screening process.
About Smarkets
Introduction
The main concept of the exercise is that the betting establishment does not get involved in the process of trading bets at all. They make their money out of a 2% fee on every trade and that would be the end of it. Interestingly, this way of doing business met with a level of acceptance by its users that resulted in 415,000,000 GBP traded through the service for the last World Cup alone.
What is Smarkets
A betting exchange running on completely different principles than the others founded by Hunter Morris and Jason Frost. Their ideals had to do with honest trading between the players themselves under odds that would also be arranged by themselves. So, in 2008 they begun putting together the code for the application that would make it possible. Additionally, they wanted to create an actually self-governed society of punters supported by cutting edge technology. And they succeeded.
Why Smarkets?
The 2 heads of the company are programmers and it would be quite a stunning issue not to have support for smartphones. Here, we have a double advantage as it is both the site that is quite friendly to mobiles and the application that is available for download for Android OS, that can support the modern day prerequisite for betting through cell phones.
Also in compliance with the modern stipulation that says that exchanges must also provide a fixed odds' option, they have launched a Sportsbook under the name of SBK. The critics on this venture are that the odds offered can only be characterized as disrupting the industry. That's quite indicative by itself.
Let's close this review by a tab that bettors find on the site under the label "Current Affairs". All sites have a non-sports related betting category. Usually, what people find there are only the major issues of the current news. The issues that sell. In Smarkets you can bet on the possibility that the UK provides an allowance for self-driving cars, or whether the price of tuna will go up next week because of the latest storm. It's the definition of a site where you can bet on literally anything you can think of.
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