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 highly used betting exchanges across the globe.
As a proof of it, Smarkets announced that it has processed over $15 billion in transactions across regulated markets, but a lot of that money has flowed through the betting exchange that is the company’s bread and butter.
How to use Smarkets?
In order to make your bets in Smarkets and to make money, initially there are some basics steps. Let me direct you right from the sign up.
Initially you can join in Smarkets by creating your account by providing the essential details like email id, password, date of birth and currency. If you have been referred by someone, you can provide the referral code while signing up.
Update Personal details:
Once after signing in to your account, you need to update your account by filling up your personal details such as country, name, address and more.
After setting up your account, you will be allowed to make your first deposit. Well the minimum amount for deposition starts from £20.
How to make bet on Smarkets?
Once you’ve deposited your first £20, Smarkets will give you access to your £10 welcome bonus
Follow the steps to make bets on Smarkets:
1.Select your sport and the event to make your bet.
2.Once you concluded on which category you like to make bet, then furtherly select the event. For instance, if you picked Indian Premier League, next you should choose the game in which you want to bet on.
3.At last, you need to Choose your bet type like back or lay and enter the bet amount. After completing these steps you can select place bet button
This simple procedure for placing bets and its astonishing benefits made Smarkets to attain a huge success. Smarkets success inspires several entrepreneurs to go online betting exchange development. If you are one among them, then get connect with MacAndro
Top Sports Betting Exchange Development Company - MacAndro
MacAndro is a leading sports betting app development company expertise in providing feature rich and high functioning betting exchange like Smarkets with extreme quality and smart features. MacAndro’s Smarket clone upholds all the reliable features of Smarkets and helps the entrepreneurs to launch their own betting exchange in a short span of time.