New gambling operators are always having a hard time in convincing prospective customers that they are the perfect choice. Smarkets is one of the betting exchanges hoping to compete with the biggest players in this line of work and in order to be more attractive to the broader audience, it offers a £10 Welcome Bonus. As first deposit bonuses go, this is not a big amount, but enough to keep players interested in placing their first real-time wagers.

The procedure is straightforward, with new members being invited to open a real money account and deposit at least £20 or currency equivalent. This is a minimal investment that pretty much any punter can commit to and it will trigger the corresponding bonus. Those who choose to deposit in Euro or US dollars, will have the appropriate bonus credited in their currency, with a total of 15 currencies to choose from.

Get swiftly reimbursed if you lose

The terms and conditions are minimalistic, with players being expected to wager the first deposit on any betting exchange available. Winning bets will be settled immediately and players will decide what to do next with the money they won, while those who lose will be swiftly reimbursed. Only half of the amount will be returned to their account in the form of a free bet, with the latter being also subject to wagering requirements.

Under normal circumstances, the free bet will be issued within the next 24 hours and new members will have a total of three months to wager it entirely. They are allowed to bet on a single event or at several matches on the same betting slip, as long as the rebated funds are played through in less than 90 days. Players are expected to bet the qualifying deposit within the promotional period and withdrawals are only allowed after the three months have passed.

Greedy and dishonest gamblers risk exclusion

Each new user is eligible for a single bonus, with any attempts of setting up multiple accounts being severely punished by Smarkets. The promotion runs live and it is not subject to any deadline, but new members should be aware of the fact that the betting exchange reserves the right to terminate the campaign at any time. This is at the absolute discretion of the gambling operator, so those who are eligible for a welcome bonus should cash in on this generous promotion soon rather than later.