smarkets growth

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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

This is all from memory :-)

When they started out I played around a bit with their api. Must be something like 5 years ago? Back then I asked for a key, and they were happy to give it to me. It felt like I was dealing with a bunch of very passionate people excited about their ideas. It's good to see they are still in business and apparently doing well.

Just checked, can't even log in anymore, at least not with the password I thought I had.
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Kai
Posts: 7164
Joined: Tue Jan 20, 2015 12:21 pm

LeTiss 4pm wrote:Betfair - £733k
Betdaq - £53k
Smarkets - £511k
Matchbook Don't display Volume

Those figures look very impressive - are they manipulated? or are they genuine?
Wow I'd be interested in this as well if their footy really is as liquid as Betfair's. Didn't hear many reports about people trading over there, would be nice if they don't ban winners.
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betunfair
Posts: 27
Joined: Thu Dec 31, 2015 11:03 am

I use Smarkets as a matched bettor for their lower 2% commission, their prices generally mirror those of betfair although they can leap about wildly at times, I also find that there can be a slight lack of liquidity in the markets occasionally and some markets are not available such as 1st goalscorer for example, but aside from that I find their website uncluttered and easy to use.
Last edited by betunfair on Sun Jan 10, 2016 3:23 pm, edited 1 time in total.
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Kai
Posts: 7164
Joined: Tue Jan 20, 2015 12:21 pm

My friend also uses Smarkets for that purpose because he loves their low 2% commission, but I don't know about anyone actually trading there. The main worry would obviously be that they don't allow anyone winning there long term, if they themselves seed all of that money :)
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steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

Kai wrote:My friend also uses Smarkets for that purpose because he loves their low 2% commission, but I don't know about anyone actually trading there. The main worry would obviously be that they don't allow anyone winning there long term, if they themselves seed all of that money :)
I think that was a one off situation wasn't it kai, where someone was using 3 exchanges and the market makers didn't like what they were doing if I remember correct? I don't think they are banning all winners if you are just trading on their exchange??

It would be nice to get their input on the questions about the api and software as they use to comment on smarket threads on here.
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Kai
Posts: 7164
Joined: Tue Jan 20, 2015 12:21 pm

I don't know or can't remember the situation that you are referring to Steven but it would be great if we could get some feedback from them on all of these subjects.
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convoysur-2
Posts: 1110
Joined: Thu Jan 12, 2012 10:00 am

Im suprised that smarkets are very happy with 10.000 users per month on there platform,
i thought that number is very small.....at 0.39 in the video
https://www.facebook.com/smarkets/video ... fy_me_page
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steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

9990 x 50 soon adds up!
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convoysur-2
Posts: 1110
Joined: Thu Jan 12, 2012 10:00 am

smarkets press .
worth reading
http://www.standard.co.uk/business/busi ... 80761.html
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jay6
Posts: 12
Joined: Wed Aug 12, 2009 2:19 pm

Looks like paddyfair got a rival here. Check the money traded on the first at Chelt.
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spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I wouldn't trust smarkets figures that much, they've been on about releasing their API for years. Seems that's reserved for their markets makers who just seem mirror Betfair's prices. Without an API, quick refreshing prices and data it's pretty much useless for trading, guess if you're a gambler and can actually match the prices they put up then it's worth considering but few straight gamblers will pay PC so that might not be as big an incentive to move as they think.
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aperson
Posts: 212
Joined: Thu Feb 07, 2013 5:23 pm

Presume they work out commission based on liability like Betdaq? Still the money seems quite impressive considering I've never seen any advertising for them and they don't seem to have any trading software. Not really sure who is using them. Feel like I'm missing something.
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tiha_patnja
Posts: 30
Joined: Tue Jun 30, 2015 8:03 pm

Some might be interested in this case. Guy won a lot of money on wrong odds and all winnings were taken from his account

http://arbusers.com/index.php/topic,3912.0.html
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convoysur-2
Posts: 1110
Joined: Thu Jan 12, 2012 10:00 am

tiha_patnja wrote:Some might be interested in this case. Guy won a lot of money on wrong odds and all winnings were taken from his account

http://arbusers.com/index.php/topic,3912.0.html
hmmmm very interesting,,not the first time we hear of people who profit on smarkets getting riped off,,
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LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

Wankers

When I hear stories like that, I start to think PW was right in describing them as wide boys

Their impressive matched figures are fabrications surely - not in terms of false figures, but driven by self matching etc, just to entice people in
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