Do I Need a Betting Exchange Account to Use Oddsmart?
Short answer: Yes—you’ll need at least one betting exchange account (such as Smarkets) to fully benefit from Oddsmart’s matched-betting tools.
Here’s why and how to get set up:
Why an Exchange Account Is Essential
- Lay Bets: Matched betting works by placing a back bet with the bookmaker and a lay bet against the same outcome on an exchange. Without a lay option, you can’t lock in the “risk-free” profit.
- Seamless Automation: Oddsmart’s one-click “Place Lay” feature integrates directly with your exchange via API. This eliminates manual stake calculations and typing errors.
- Speed & Reliability: Markets on exchanges move quickly—especially in-play—so a live connection is crucial for capturing the exact odds you see in OddsFinder or our specialist matchers.
Which Exchanges Do We Support?
- Smarkets (a popular low-commission alternative to Betfair)
(More integrations with exchanges, are coming soon.)
How to Link Your Exchange Account
- Sign Up for Oddsmart’s free 7-day trial.
- In your dashboard, click “Connect Exchange” and choose Smarkets.
- Authorise via the secure, bank-grade encrypted API—no passwords are stored in plain text.
- Set your commission rate and default stake preferences.
- If you don’t have an Smarkets account already – go sign up
I Don’t Yet Have an Exchange Account—What Next?
- Register for a free account on Betfair or Smarkets (you’ll need to verify your identity, which usually takes under 10 minutes).
- Transfer Funds (even £5 is enough to start).
- Link it to Oddsmart and you’re ready to begin matched betting.
Still Unsure? Try It Risk-Free
Oddsmart’s 7-day free trial gives you full access to OddsFinder, all calculators, automated matchers and Profit Tracker.
If you don’t already have an exchange account, you can open one at the same time—then dive into matched betting with confidence.
Ready to go?
Sign up for your free trial today, connect your exchange, and see how quickly you can start turning bookmaker promotions into genuine profits.