“Smarkets offers the most advanced trading platform in the industry” It is a betting exchange where you place the bets that you want on all the major sports (golf, football, tennis, horse racing) as well as politics and entertainment. It is free to sign up though there is a 2% commission with trades. The company for SMARKETS was founded by finance and software engineering professionals and has backings with many private investors. The aim was to create a modern betting exchange that combines cutting edge technology with a strong focus on treating the customer fairly. It is the leading innovation in the online betting industry.
Functioning as a prediction exchange, Smarkets markets have been used to predict the outcomes of major events, including elections (it claims to have had it’s users predict the labour party will soon be back), awards ceremonies, and sporting fixtures. This is because all of the traders using Smarkets have their knowledge collated to give changes in the prices. If a price increases, the event outcome is considered to be more likely to occur, while if the price is low, the occurrence of this outcome is considered less likely. It does genuinely sound like a very useful product, if not for betting as intended it can be used to get opinions and make predictions.
With the headline stating that it is more of an investment than a bet, backed up by the collated knowledge of the users to give a fair price, I can honestly say that Smarkets is very appealing and has been refined to live up to it’s self-given title of the most advanced trading platform in the industry. There is no over the top discrediting of it’s competitors (if it even has any..) and it doesn’t make a million promises that are simply too good to be true. Remarkably, I recommend the use of this product if you’re trying to make money because of it’s sophisticated set up and professional presentation.
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