Smarkets is a betting exchange which allows users to bet against each other rather than against the bookmaker. This offers several advantages, including better odds and more control over your bets.
One of the key features of the Smarkets betting exchange is the ability to "back" and "lay" bets. Backing a bet is the same as placing a traditional bet on an outcome. Laying a bet, on the other hand, is betting against an outcome. This means you can profit if the outcome you bet against does not happen.
Another key feature of the Smarkets betting exchange is the ability to trade out of bets. This allows you to lock in a profit or cut your losses anytime, even before the event has finished.
Here are some of the benefits of using the Smarkets betting exchange:
- Better Odds - Because Smarkets is a betting exchange, the users set the odds rather than the bookmaker. This means that you can often get better odds on Smarkets than you would at a traditional bookmaker.
- More Control - With the Smarkets betting exchange, you have more control over your bets than you would at a traditional bookmaker. For example, you can trade out of bets at any time to lock in a profit or cut your losses.
- Market Coverage - Smarkets offers a wide range of markets to bet on, including sports, politics, and current affairs.