Smarkets is offering Irish bettors the chance to sign up and get 20% money back on net losses up to €250 (maximum €50 back) when they join using the Smarkets promo code MONEYBACK. Read on and learn more about the welcome offer and other features the bookmaker has to offer.
To claim the Smarkets welcome offer in Ireland, first you need to create an account.
To begin the process, click on the 'Claim Here' button on this page.
Click on the 'Register' button and fill in all the required details, including your name, address, phone number, email address, and password.
Add your Smarkets promo code MONEYBACK in the required field. This is a vital part of the sign-up process, as the code cannot be added after your account has been created.
Confirm your Smarkets account and verify your email address using the confirmation email from Smarkets.
If required, verify your identity with a valid photo ID, bank statement, and proof of address.
Make your first deposit of at least €10 with a debit card or online banking. Skrill, Neteller, Trustly and PayPal deposits do not qualify for the welcome offer.
Before you claim your Smakets promo code, please ensure you read the terms and conditions below so you are familiar with how the offer works.
Smarkets offers racing betting the exchange way: you can back a horse to win, lay it to lose, or bet on it to finish in the places. Every Irish and UK meeting is covered, and races are streamed live in the app, so you can follow your selection from start to finish.
The big meetings are where Smarkets shines, because busy markets make it easy to get bets matched at a fair price. Commission is low, so more of your winnings stay with you. Away from racing, football, tennis and golf are well covered too. You can trade in running on races and matches as well by using Trade Out to lock in a profit or cut a loss as prices move, with in-play stats on hand to guide each decision.
To unlock your Smarkets sign up offer, you are required to make your first deposit of at least €10. Here is a look at all the deposit and withdrawal methods currently available at Smarkets:
Payment method
Deposit
Withdrawal
Withdrawal time
Instant bank transfer / Open Banking
See where Smarkets stands out for Irish bettors.
The platform's 2% flat commission rate is the lowest in the betting exchange industry, significantly lower than competitors like Betfair.
Smarkets odds are often better than traditional bookmakers - typically 20-30% better odds.
Smarkets’ main features include clean navigation, fast page load speeds, and an uncluttered layout that makes it easy for bettors to navigate.
The mobile apps for iOS and Android are fantastic, offering full exchange functionality with fingerprint login and two-factor authentication for security.
Smarkets rewards winning bettors. There are no specific betting limits imposed by the platform.
Your stakes are only limited by the available liquidity in each market.
You will find a variety of betting features, including live charts, order book views, detailed profit and loss analysis, and a "trade out" function that allows users to close bets before races conclude to lock in profits.
Horse racing includes all UK and Irish meetings with live streaming for over 60 racecourses.
The platform covers all major sports, including football, tennis, cricket, basketball, golf, rugby, and more.
The exchange model allows users to both back outcomes (traditional betting) and lay outcomes (acting as the bookmaker), enabling advanced betting strategies like matched betting.
Here's why Smarkets may not be a good choice for some punters:
The exchange betting model can be confusing for newcomers who are used to betting with traditional bookmakers.
Understanding back and lay betting, commission structures, and how liquidity works requires more understanding.
Additional promotions, bonuses, or loyalty programs are limited; however, the excellent value on offer and strong Smarkets odds help to placate this.
Customer service can be slower than ideal, with some users experiencing delays in getting responses to queries.
Certain payment methods (Skrill, Neteller, Trustly and PayPal) disqualify users from the welcome offer.
Our horse racing analysts provide daily tips, highlighting their 'nap of the day' which is their most confident selection. Looking to use your welcome bonus today? Here is the expert tip to help you get underway.
Below you can find major horse racing events on which you can bet with Smarkets and enjoy excellent odds.
Smarkets is dedicated to supporting responsible gambling and increasing awareness of problem gambling, while enhancing efforts in prevention, intervention, and treatment. The Smarkets Responsible Gambling Policy outlines its commitment to reducing the adverse impacts of problem gambling and fostering responsible gambling practices.
You can set personal financial limits on how much you deposit, lose or stake over chosen time periods to stay in control of your spending.
Smarkets lets you take a timeout from your account for a set period (up to a maximum of 42 days). During this time you can’t access your account.
For more serious breaks, you can self-exclude yourself from your Smarkets account for:
Your account will be blocked for the entire period and can only be reopened (after the agreed time) by contacting support.
Smarkets provides guidance and advice, including avoiding chasing losses, and not gambling if upset or under influence.
Smarkets encourages use of blocking software (e.g., GamBlock or BetBlocker) that can block access to gambling sites on your devices.
A self-assessment quiz is available to help you reflect on your gambling behaviour and identify if you might be at risk of problem gambling.
Its safer gambling support also includes a dedicated customer support team for gambling harm concerns.
Smarkets offers highly competitive odds and low fees, which can make a real difference for horse racing punters.
Because it operates as a peer-to-peer betting exchange rather than a traditional bookmaker, the odds are driven by supply and demand and tend to be closer to the true market value, with a flatter over-round than most bookies.
Smarkets charges an industry-low 2% commission only on net winnings, meaning more of your profits stay with you compared to high bookmaker margins.
One of the biggest advantages for horse racing bettors is the flexibility to both back and lay horses.
You can also act as the ‘bookmaker’ by laying horses you think won’t win, or you can use trading strategies to lock in profits or cut losses as odds shift leading up to a race.
Finally, Smarkets’ modern and intuitive platform makes betting and trading on races straightforward.
The interface updates quickly with live market data, and the liquidity on major Irish horse racing events is strong enough to support serious bettors.
Smarkets’ mix of value, control, and usability makes it an attractive option for regular horse racing bettors who want a cost-effective way to engage with the markets. The main trade-offs are a steeper learning curve for newcomers and slower customer support.
Below is a short FAQ section to answer your questions about Smarkets betting.
The code is MONEYBACK: 20% money back on net losses up to €250, entered at sign-up.
You can follow the step-by-step guide in the article above to claim the promotion.
It depends on the offer and the amount stated within the T&Cs; however, this offer requires you to deposit a minimum of €10.
Yes. Smarkets is a trustworthy operator and we recommend its services to horse racing punters.
Some of the available safer gambling tools include deposit, loss, and stake limits, timeout, and self-exclusion.
