Record-breaking Cheltenham for Smarkets

Please find below a quick round-up of stats from the Smarkets exchange following last week’s Cheltenham Festival

Key stats

• Trading volume across all Cheltenham markets of £151m, an increase of 10% on 2018.
• A new all-time Smarkets record for concurrent logged-in users (just after the Festival’s first race), up 20% on previous high.
• The site performed well with 100% uptime during the Festival.
• Smarkets was best priced on all 28 races when compared with the Industry Starting Price (SP).
• In fact, Smarkets prices just before the races started were, on average, over 100% better than the SP, meaning a £10 stake on all winners would have made you £3,580 more than if you’d placed your bets with the bookies.
• Active users on the Smarkets app increased by 136% when compared with Cheltenham last year.
• The Smarkets app is the highest-rated betting exchange app on iOS (4.8*) and Android (4.6*). On both platforms, it is the #2 rated betting app.

Smarkets CEO/Founder Jason Trost said:

“Once again the Smarkets platform performed extremely well during Cheltenham week, a time in which we experienced record-breaking numbers for concurrent logged-in users on the site and app.

“I’m immensely proud of the service we are able to provide with such a nimble team compared to the wider industry. It’s weeks like this that prove just what a good product we have built in-house; one that is ready to continue taking market share from the legacy operators.”

About Smarkets:

Smarkets was launched in 2010 and is one of the world’s leading betting exchanges, making trading on events secure, efficient and exciting. Headquartered in London, with offices in Los Angeles and Malta, the company was founded by a team of finance and software engineering professionals and is backed by Passion Capital and Deutsche Telekom. The Smarkets exchange has processed over £10 billion worth of transactions for customers across the company’s licensed and regulated markets. The Smarkets group comprises of Smarkets Limited, a software development company, Smarkets Malta, operator of the Smarkets betting exchange, and Hanson Applied Sciences, a liquidity provider. For more information, visit smarkets.com.