Smarkets sportsbook is legal in one state in the US and operates as an online sportsbook. Read our review to find out how does Smarkets work and how you can download the app and start betting with some of the best odds and markets in the US. Our review will show you all the reasons why you don’t have to wonder, “is Smarkets legit.”
Best Smarkets reviews for Sportsbook 2022
The Smarkets sportsbook was launched in June 2020, making it the seventh licensed sports gambling app in Colorado. The sports betting site was released in partnership with Full House Resorts, owners of Bronco Billy’s Casino in Cripple Creek.
Smarkets’ SBK app is an impressive sportsbook that includes some added niche sports not commonly available from other sportsbooks like horse racing. Overall, there are about 500 sports to bet on! Smarkets reviews US also demonstrates the operator’s take on a welcome bonus, so join us for this in-depth Smarkets review to see if it is the operator for you.
- Created by experienced betting exchange company, Smarkets
- Odds offered among the most competitive in the industry
- Quick, stable, and sleek mobile-only platform
- Live streaming and cash-out options are available
- Only available in Colorado
Smarkets’ Colorado sportsbook app, SBK, offers a refreshingly simple and user-friendly welcome bonus to its new customers. SBK’s bonus deal is a $20 risk-free bet that is not limited to the first wager.
Here’s why this welcome bonus is so unique and a great option for new sports bettors:
- Not limited to your first bet: Unlike many sites that offer a risk-free bet applicable to only cover the funds of your initial wager, SBK covers your first $20 losses regardless.
- No specific odds requirements: Many sportsbooks require a qualifying bet to have specific odds or higher for the offer to be valid. However, SBK has no odds requirements on their welcome offer, so you can place bets on all markets and games and still receive the bonus funds.
- No wagering requirements: Some bonuses come with large playthrough requirements making it difficult to secure the bonus amount, but SBK has no such wagering requirements.
- Can be withdrawn as cash: Most sportsbooks offer bonuses in the form of site credits that must be used to place further wagers, whereas SBK offers a cash bonus. And, we are quite sure that SBK may be the only sportsbook in CO that is willing to allow you a cash withdrawal of your bonus funds.
Because SBK is an app and the main platform of the Smarkets sportsbook in Colorado, there isn’t really a desktop site, so if you’re going with Smarkets Sportsbook in CO, you’re going mobile. The mobile app has all the functionalities you would expect from a desktop site, and you can place bets, deposit, withdraw, and keep a record of all your betting activity on this nifty mobile application. Simply download the Smarkets SBK sportsbook app from your iOS or Android app stores.
Smarkets knew that if they were going to give their customers only an app option, it had to be good, and they certainly made sure of that. SBK app is one of the most intuitive and straightforward apps you’ll find among its sports booking contenders. Smarkets reviews us conclude that the app design is innovative and flexible. In addition, there are lots of nifty tools like the tips section, where you can read other players’ pointers on betting, and the auto-accumulator that generates a random parlay bet for you to place — if you want to. Finally, you can choose the layout of your landing page and feature the aspects you’d like to focus on. SBK is definitely at the top of the list of best sportsbooks in Colorado.
As we’re living in an all-app world with Smarkets’ SBK, all transactions like deposits and withdrawals will also be done on the SBK app.
The SBK mobile sports betting app provides a variety of different deposit methods that Smarkets reviews US approves of:
- Credit or debit card — Visa and Mastercard (as long as your issuing bank approves online gambling transactions)
- Online wallets — PayPal, NETELLER, and Skrill
- Prepaid cards — prepaid credit cards
- Online banking transfer — transfer between your bank account and SBK’s online account
- PayNearMe — cash deposits at selected retail locations
- Cashier at Bronco Billy’s Casino and Hotel in Cripple Creek — cash deposits can be processed here.
The payment methods that are going to be the fastest will be the online payment processors like PayPal, Netflix, and Skrill. On the other hand, the transfer that may likely take the most time is an online transfer from your bank. Moreover, the app’s intuitive design will provide you with all the information you need to make a deposit or a withdrawal successfully.
Great help center section
If it’s help you want, then it’s help you get. Smarkets ensured that help is easy to find mainly due to the fact that they are an app-only service in the state of Colorado. So the first place you can take a peek is the help center on the SBK app, which will basically answer all the basic and most frequently asked questions. The questions are even categorized to help you diagnose your point of interest and find all the information you need about it on one page.
Let’s just call the SBK sportsbook app’s help center the equivalent of an FAQ tab on a sportsbook site — just much more detailed.
However, there will always be those instances where you need the help of a live customer service representative for other types of issues that may relate to deposits or withdrawals, wagering, or other questions. In this case, you can reach the Smarkets customer support team via Twitter, phone, or email. Twitter customer support is very popular for its rapid response rate.
These are the contact details for Smarkets’ SBK customer support if the help center doesn’t provide any answers:
- email: [email protected]
- telephone: on 720-213-6164
- Twitter at @sbk
Smarkets reviews say it’s one of the best when it comes to security. As Smarkets is trusted by many in the UK and in Europe, you should feel the same when using it in the United States. In the UK and Europe, Smarkets is licensed by the UK Gambling Commission and Malta Gaming Authority. In the States, the operator also needs to adhere to specific licensing requirements.
The state requires all Colorado sportsbooks to obtain a license, but only brick and mortar casinos can apply. Thus, Smarkets has partnered with Bronco Billy’s Casino and Hotel in Cripple Creek to gain market access even though the operator offers an online sportsbook platform.
Smarkets’ SBK operates in Colorado with a license from the Colorado Division of Gaming. The CO-native mobile app, armed with this license, ensures high-end security and safe banking at all times. Moreover, only residents 21 years of age or older are legally allowed to register.
The SBK Smarkets sportsbook runs regular promotions in Colorado apart from their welcome bonus to retain existing customers and keep their massive betting market even more interesting. This is not uncommon as most sportsbooks run promotions, and these promotions often keep customers loyal to the brand after they signed up with a welcome bonus deal. Smarkets like to keep their seasonal US promotions centered around the main US sporting leagues, and it will run huge promotions around the time of the Superbowl or March Madness.
Then, there are also everyday, regular promotions for customers, which include some of the following:
- Parlay insurance — returns stake to parlay bettors who lose only one leg.
- Odds boosts — boosts the odds for certain bets.
- Comeback protection — returns stake when a team blows a late lead.
Unfortunately, Smarkets sportsbook doesn’t currently have a VIP program in CO, but we hope to see one in the near future. Meanwhile, sports bettors can enjoy some of the best offers exclusive to betting with SBK.
SBK Colorado offers a broad range of betting types and options, including:
- Straight bets: Single game wagers for most sports, including money lines, spreads, and totals. Bet straight winners with the money line, give or take points with the spread, and bet over or under the total score line set by oddsmakers with totals.
- Futures: Make season-long bets on things like who will win the World Series or if a team will win more or fewer than a set number of games.
- Parlays: Combine straight bets to boost your odds, but remember, you must win every leg to get paid.
- Props: Bet on games within a game and whether teams or individual players can reach certain statistical milestones.
- Live betting: Bet on games that are already underway at odds that change with the action.
Smarkets and SBK are very confident about the quality of their odds. So confident, in fact, that they provide their customers with the SBK Price+.
The SBK Price+ is a unique feature that shows you how the sportsbook’s odds compare to lines from other bookmakers. You can find the feature within the betting interface for quick access. Moreover, SBK usually has the very best odds on the list due to its dramatically reduced margins.
SBK Sportsbook does NOT have a desktop site. All betting takes place on their mobile app, which is available for owners of iOS and Android devices. The sportsbook app is pleasing to the eye. With a lack of distractions and a predominately green/black color scheme, it keeps focus where it belongs – on your online sports betting experience.
SBK only offers a risk free bet bonus of $20 in Colorado. You can use this free bet on any market after you make a qualifying deposit of at least $20. If your bet loses, you get a matching free bet. While $20 is better than nothing, it can’t compare with other online sports betting sites like Caesars Sportsbook $1,000 deposit match or BetMGM Colorado risk free bet ($1,000). They’re even further behind the huge PointsBet Colorado promo of $2000.
|SBK Sportsbook||Bonus Offered|
|Risk Free Bet||$20|
|SBK Sportsbook Promo Code||N/A|
SBK offers a $20 risk-free bet as their welcome offer.
SBK risk-free bet has a 1x wagering requirement. This means that the online sports betting site requires bettors to wager through the rebated funds once. Once the bettor has completed this task, the site will unlock the rebated funds.
SBK is a young sportsbook. Even so, it’s disappointing that they lack promotions beyond their welcome offer. In Europe, they have a refer-a-friend promo, but that’s it. As of now, they don’t offer contests that target weekenders, Champions League soccer, etc.
Considering the bookie’s powerful Smarkets exchange system, the bookie is also known for its true price sports betting apps that launched in the United States in 2020. Further in our detailed, unbiased SBK Sportsbook review, we take a look at the bookie’s bonuses and promotions offered to newcomers, its community-driven mobile app that lets bettors benefit from the Smarkets exchange site, and we also take a look at the bookie’s betting offer, in-play offer, and everything else that may interest you.
SBK Smarkets is also famed for its excellent collection of parlay bets. Parlay bets are actually single sports bets which involve two or more wagers combined into one. When you tie two or more wagers into the same parlay bet, any bet losing means the parlay loses as well. On the other hand, when all bets win, bettors receive more rewarding payouts and this is the main reason why many bettors prefer parlay bets in the first place.
As expected from a renowned bookie like the one we discuss here, parlay betting is very popular at this online sports betting site. The site allows combining many different bets into parlays including totals, futures, moneylines, point spreads, and prop bets as long as your combined wagers are placed on different games. This great flexibility of parlay betting alongside larger payouts has been the major allure of such bets.
If you decide to register here, you get to combine many different sports into your parlays such as combining your wagers placed on a match from the NBA with your wager placed on a match from the NHL. The options are limitless and placing parlay bets is rather simple. Once you fill your parlay card, head to the bookie’s desk and place your wager.
One of the common types of sign-up bonuses is to allow customers to deposit an amount that is matched by the sportsbook. This would mean that if you deposit $250, the site would match that amount. The total amount of the match usually does not exceed $500. Some are as low as $250.
Is Smarkets legal in the US?
This is a very important question. It is why we have decided to include it in our Smarkets sportsbook review.
In their current function, there has been no problem with Smarkets operating in the United States. To this point, they have been nothing more than a betting exchange. This means that they are not violating any law at all.
With the Supreme Court ruling that sports wagers should be allowed throughout the country, this has opened the door for Smarkets. Now, they will be able to accept bets directly. This is the reason why they have opted to create their Smarkets app. It will enable people to make bets and wagers.
What has complicated the process is that Smarkets must get a license from each individual state to operate legally. That will likely mean that they will provide its wagering in a handful of states initially. Then, they go through the licensing process in others.
Remember to stop by and check our review, since we will keep it updated with the latest news.
Customers in states where Smarkets is not authorized to provide bets will find that they are locked out from this feature. This is to prevent any legal ramifications for the customer or the site itself.
Gambling enthusiasts who have just started their betting session at Smarkets can check if the services the bookie offers measure up to their requirements after they claim the welcome bonus, which awards £/€10 or the equivalent of this amount in another currency.
Smarkets Betting App Banking
It is not unreasonable that Smarkets is one of the most frequented virtual bookies that are currently available out there as the operator has given its best to ensure that punters will not jump through hoops while betting there. Punters who are yet to register for an account can rest assured that payments will be up to scratch, and there will be an extensive-enough range of currencies and payment processors so that they can easily settle on one of them.
Multiple currencies are added to the banking page of the bookie, and members of Smarkets will be allowed to handle their payments in GBP, EUR, SEK, NOK, and DKK.
The operator facilitates payments through a plethora of means of payment to ensure that its customers will find the method, which perfectly meets their preferences.
Digital wallets are one of the options many lovers of sports betting prefer using, and the increasing popularity of the payment method can easily be justified with its reliability, promptness, and cost-effectiveness. If this is the banking method punters have on their minds, they should decide if they prefer to wrap up their payments through PayPal, Neteller, or Skrill.
Many gambling enthusiasts prefer to carry out their top-ins or withdrawals through their credit or debit card because of the time-efficiency of this payment solution. When placing their wagers on the go, users of the bookie will be allowed to use their Visa, Maestro, or Mastercard-branded debit card. Users of the bookie can add funds to their balance also through their Eurocard.
If none of these payment solutions meets your preferences, you will not be left without any options as open banking, Trustly, and bank transfer are also supported. What punters might be pleased to hear is that all these payment processors are suitable for deposits and cashouts, which will indeed facilitate the transfer of funds.
With almost all of the above-mentioned banking solutions, the least deposit amount is £/€10. Yet, PayPal and bank transfer depositors will be allowed to top up their accounts with at least £/€20. Those who settle on Trustly, on the other hand, cannot upload less than £/€40 on a single transaction. The upper limit for top-ins handled through Neteller and Skrill runs into £/€5,000 per day.
The least amount punters are allowed to pull out of their balance is usually £/€10. Still, this will not be the case if they plump for Trustly or bank transfer that allow for withdrawing a minimum of £/€40 and £/€20, respectively.
While betting on the go, punters will benefit from commission-free transactions to and from Smarkets. While top-ins will be cleared on the spot, withdrawals might take up to 6 days to clear if they are requested through debit cards and up to 2 days if they are initiated through a digital wallet.
|Smarkets App Banking|
|Mastercard||£/€10; Instant||£/€10; Up to 6 business days|
|Maestro||£/€10; Instant||£/€10; Up to 6 business days|
|Visa||£/€10; Instant||£/€10; Up to 6 business days|
|PayPal||£/€20; Instant||£/€10; Up to 2 business days|
|Neteller||£/€10; Instant||£/€10; Up to 2 business days|
|Skrill||£/€10; Instant||£/€10; Up to 2 business days|
|Bank Transfer||£/€10; Instant||£/€20; Up to 10 business days|
|Open Banking||£/€10; Instant||£/€10; Up to 12 hours|
|Trustly||£/€40; Instant||£/€40; Up to 2 business days|
Smarkets’ head of customer marketing, Adam Baylis, outlined that the company is excited to gather expert writers for the new website. Moreover, he acknowledged that Smarkets News complements the company’s mission to be a leading source of information.
Experienced Journalists and Writers Participate in the New Project
According to Smarkets, Robin Barnier, the experienced journalist for goal.com will be among the authors of the first articles posted on Smarkets News. Moreover, the website will feature content from Brian Keogh, the famous golf writer, as well as US specialist Mark Woods and Liz Byrnes, an experienced multi-sports journalist.
Tom Collins, the former Racing Post tipster, will also be joining Smarkets’ new project. Last but not least, the new website will feature content from the company’s head of political markets, Matthew Shaddick.
At first glance, Smarkets News already offers plenty of interesting articles and previews concerning politics, football, horse racing and US sports. The website has a modern and neat design with easy navigation as well as an odds calculator and lay betting calculator that can be used by visitors.
Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he’s accrued to fuel his passion for journalism, providing our team with the latest scoops online.