Welcome to this Sportmarket Pro review, where I will be introducing what is widely considered to be the best betting broker for professional sports bettors!
Would you like to be able to access all of your sharp bookmaker and betting exchange accounts from a single portal? What about seamlessly and instantly transfer funds between these accounts without any fees?
Perhaps you would even like to access bookmakers and exchanges that don’t operate in your country of residence?
All of this and more is possible with Sportmarket Pro! In this Sportmarket review, I will show you the services that they offer, and compare them to their competitors so that you can see whether they are right for you!
Want to know how a betting broker can help you profit from sports betting?
Read my guide on betting brokers and agents!
What should you consider when choosing a Betting Broker?
Country restrictions
Betting brokers do not accept customers from all countries. Almost no reputable betting brokers accept customers from the USA and France.
Supported bookmakers and betting exchanges
Different bet agents cover different bookmakers and betting exchanges. Make sure you are happy with the supported bookmakers before you sign up to a broker.
Commissions charged
Different betting brokers charge different betting exchange commissions. These commissions can make a big difference to your long term profits, so it is important to look around for the best rates
In addition, some sports betting brokers charge a commission (typically a % of the turnover) when using certain bookmakers. Again, this varies depending on the broker.
Deposit/withdrawal fees
Most brokers offer free deposits and one free withdrawal per month, with fees charged for any additional withdrawals beyond that.
However, other brokers charge fees for deposits as well as withdrawals, or have conditions that stipulate that you must turnover your deposits a certain number of times before they can be withdrawn.
Supported payment methods
Bank transfer plus Skrill and Neteller are the standard payment methods for brokers, but some offer Bitcoin, Visa and Mastercard plus a number of eWallets as payment methods.
Minimum deposit/minimum bet limits
Bet brokers make their money from customers with high turnover. They are not interested in people placing small bets here and there. Many have minimum deposit limits of €100 and minimum bet limits of €5 or more.
Reputation regarding payouts
Some less reputable bet brokers have been known to withhold payouts from customers, citing a supposed breach of the terms and conditions.
Others have very strict requirements on withdrawals, requiring all deposited money to be turned over 10-20x before it can be withdrawn.
Unfortunately, a drawback of using a betting brokerage service is that there is no recourse if a broker decides to withhold your money from you.
They are typically based in Curacao or Netherlands Antilles, so it is virtually impossible to raise a legal dispute against them. The best thing to do is to choose a betting broker with a good reputation, such as Sportmarket.
Features
Whilst Sportmarket does quite well on the whole when considering the factors above, they do have a few notable drawbacks. Here are their main pros and cons.
Sportmarket has positioned themselves as the leading service for professional sports bettors, rather than recreational bettors. For this reason, they have relatively high minimum deposits, withdrawals and bet limits, but relatively low commission rates.
If you are interested in a betting broker with lower minimum limits, I recommend that you check out my BetInAsia review or AsianConnect review.
Let’s now go a little deeper in this Sportmarket review.
Restricted Countries
Sportmarket currently has restrictions on residents of the following countries from signing up to use their service:
- USA
- UK
- France
And any other country not on their approved country list.
Supported Bookmakers and Betting Exchanges
Sportmarket provides access to 10 bookmakers and 3 betting exchanges, which is basically on par with BetInAsia, and quite a bit better than AsianConnect88.
- Pinnacle (PS3838)
- ISN
- SBO
- 18bet
- JAbet
- RedZone
- Penta88
- Singbet
- 3et
- Brokerage service (Skype betting)
- Betfair
- Betdaq
- Matchbook
Supported Sports
Sportmarket support betting on the following sports.
- Soccer
- Ice Hockey
- Basketball
- Rugby Union
- Tennis
- Cricket
- American Football
- Boxing
- Baseball
- MMA
- eSport
Commissions Charged
The commissions below are charged by Sportmarket when you use a betting exchange or bookmaker that charges commission for bet placement through them. These commissions are lower than those charged by other brokers, and much lower than you would typically get with a personal account.
Note that these commissions are already factored into the odds shown on the Sportmarket platform, for ease of comparison.
- Betfair - 2.30%
- BETDAQ - 1.20%
- Matchbook - 1.80%
Note that whilst other brokers and Matchbook itself charge commission on both winning and losing bets, using Matchbook through Sportmarket will only result in charges on winning bets.
In addition to these exchange commissions, Sportmarket also charge a turnover based commission for the following five bookmakers, where the affiliate commissions that they receive are too low to recover costs:
- REDZONE - 1%
- JAbet - 1%
- 3et - 0.5%
- ISN - 0.25%
- Penta88 - 0.25%
Payment Methods and Fees
Sportmarket unfortunately offers only a few payment methods, with relatively high fees.
Sportmarket charge the same fees for both deposits and withdrawals. Unfortunately, they do not allow 1 free withdrawal each month via any payment method, like other brokers.
- Skrill - 1%
- Neteller - 1%
- Ecopayz - 1%
- Bank Transfer - Free
- Credit/Debit Card - 1%
- Bitcoin - 1%
- MuchBetter - Free
If you are happy to use Bank Transfer or MuchBetter as your payment method, you will be able to use the Sportmarket service virtually for free, otherwise you will incur some hefty fees on both deposits and withdrawals.
Minimum Deposit, Withdrawal & Bet Limits
Sportmarket Pro has the highest deposit and withdrawal limit of any broker I have seen, at €250.
They also have a relatively high minimum bet limit of €10.
In addition to these limits, they also reserve the right to close any account which doesn’t consistently achieve a turnover of at least €2,500 per month.
This is consistent with Sportmarket’s reputation of being a platform for professional sports bettors rather than recreational bettors.
Sportmarket Pro Review - Layout
The Sportmarket Pro platform runs on Mollybet, which means that it looks very similar to the BetInAsia BLACK platform, which also runs on Mollybet.
It is a modern, user friendly interface that is responsive and lightning fast. This is important as the last thing you need is a slow, lagging interface when trying to place bets quickly before the odds change.
You can select your desired sport using a dropdown menu.
Once you find a bet that you wish to execute, you can click on the odds and open up the bet details window.
Here you can enter you desired stake and the software will automatically spread this stake across the various bookmakers and betting exchanges based on which ones offer the best odds.
Once the liquidity at the bookmaker or exchange with the best odds has been exhausted, the remainder of your stake will be applied against the source with the second best odds and so on, until either your entire stake has been applied, or the liquidity in the market has been exhausted.
You can see which bookies or exchanges are being used as they will be highlighted in blue, as seen above.
You can access a price history graph to see how the odds at each of the bookmakers have changed over time.
You can also access the lay market for any bet by clicking on the appropriate icon. This will bring up all odds for bets that are against your original selection.
It’s also possible to bring up betting analytics as well as a list of your open orders and positions at any point, using the menu below.
Overall, the Sportmarket Pro interface is user friendly, responsive and lightning fast.
Other Benefits
Like most brokers, Sportmarket can also provide you with a dedicated Pinnacle account via Pinnacle’s primary mirror site, PS3838.
This is useful for users who reside in a country where Pinnacle does not operate.
Pinnacle - PS3838
PS3838 is a clone of Pinnacle, which means that it is affiliated with but separate to Pinnacle.
After signing up with Sportmarket, you can receive a dedicated PS3838 account for no charge. It has the same odds and markets as Pinnacle, and the same high betting limits.
Whilst the layout of the site is slightly different, it still offers essentially the same functionality as the original Pinnacle site.
Sportmarket Review - Conclusion
Sportmarket is a betting brokerage service that is most suited for professional sports bettors rather than recreational bettors.
It has relatively high minimum deposit, withdrawal and bet limits, as well as a preferred minimum monthly turnover of €2,500.
The payment fees incurred if not using bank transfer or MuchBetter are also quite hefty.
However, it has access to an excellent number of bookmakers and betting exchanges, with the lowest commission rates of any betting agent I have seen. They also allow users to post offers on the Betfair and BETDAQ exchanges.
For these reasons, it will be very appealing to professional sports bettors with very high turnovers.
Use the button below to access the 5%-10% first deposit bonus (up to €100).
I hope you have enjoyed this Sportmarket Pro review! If you have any questions, leave them below!
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Disclaimer 1: Agent style betting is prohibited in many countries. It is up to you to ensure that you comply with all relevant legislation in your country of residence. If in doubt, contact a legal professional in your country.
Betting brokers are not a way to circumvent Know Your Customer (KYC) verification. Brokers are required to ensure all their customers meet strict KYC standards to prevent money laundering.
Disclaimer 2: This post may contain affiliate links. I will earn a commission if you choose to purchase a product or service after clicking on my link. This helps pay for the cost of running the website. You will not be disadvantaged in any way by using my links.
Reviewer: Louis
Review Date: 2020-07-22
Reviewed Item: Sportmarket Pro
Author Rating: 4/5
Product Name: Sportmarket Pro
Price: GBP £0.00
Product Availability: Available in Stock