After logging some of the main features, we move on to the next part of this Smarkets betting review. This is where we examine some of the best features in depth.
Features are things that are outside of the actual betting markets and price quotes. For example, enhancements like live streams and cash out can be considered features.
Smarkets Mobile App
Available on both iOS and Android, the Smarkets mobile betting apps are a huge feature.
It is just a platform for super-convenient betting on the go. There is in-play betting, trade and the full Smarkets betting exchange functionality on the small screen.
The Smarkets app is excellent, lightweight and gives access to all the sports, politics and current affairs markets with real-time prices.
The benefits of the Trade Out feature allow you to manage your active bets to lock in a profit or reduce exposure on a bet.
As it is possible to have more than one bet matched on a specific contract, punters can also cancel previous ones.
The Smarkets Trade Out can be activated via a green button on the market contract. The offer will come up, and you can confirm the Trade Out.
The real beauty we hit on for this Smarkets betting review is being able to Lay a bet - acting like a bookmaker.
An example is a Lay bet on England winning the World Cup, which essentially backs any other team to win the tournament except England.
Lay betting is an outstanding feature that gives you options you can’t get at traditional bookmaker platforms. Ensure you fully understand the liability of Lay betting, which is different from the liability (stake) on a Backed selection.
This isn’t usually a feature that we would include, but for the Smarkets review, it gets a mention.
If you want to get Smarkets betting explained, they have you covered.
There are many user-friendly explanations of the different aspects of Exchange Betting regarding the likes of trading out, expected value, matched bets and Lay liability.
Keep bets in-play
With this feature, you can decide whether to keep an unmatched bet live when the market has gone in-play, allowing more time for it to get matched up.
If the option isn’t selected, unmatched bets are cancelled when they move in-play.