SBK is a mobile-exclusive bookmaker that attempts to do things differently in the sports betting marketplace. As a brand that’s affiliated with the Smarkets betting exchange, SBK benefits from Smarkets’ betting technology to provide a credible alternative to conventional bookmakers, giving you more bang for your buck.
Read on as we explore the undeniable benefits of SBK’s ‘true-price’ bookmaking platform, including the lowdown on its welcome bonus, available payment methods, Auto Acca facility and much more.
SBK Bonus for New Customers
The SBK welcome bonus for new sign-ups is a rock-solid promotion and is competitive when compared with the rest of the UK’s sports betting operators. The ‘Bet £20, Get a £20 Cash Refund on Losses’ promotion is essentially a £20 risk-free first bet on the SBK app.
When looking at other sports betting welcome promotions in the UK, most online bookmakers are offering between £10 and £30 in free bets. These are either awarded as a matched deposit bonus or as a risk-free first real-money bet like SBK’s offer.
In many ways, a risk-free initial wager is a more appealing prospect than a matched deposit bonus. You effectively get two bites at the cherry. You can wager £20 on a sports event (either pre-game or in-play) and if it loses, you will be fully refunded to place the £20 you deposited on another event if you wish.
Bet £20, Get £20 Cash Refund on Losses
Significant terms: New customers only. Deposit £20 using a debit card or Trustly. Up to £20 of your first losses will be refunded in cash within 24 hours of the qualifying bet being settled
There is no doubt that getting a risk-free refund on your first bet with SBK is a great starting point, but it does not offer the biggest possible refund on losses available in the industry.
One possible way of enhancing this welcome bonus would be to provide more eligible deposit methods other than debit card and Trustly. This would give more bettors the opportunity to use their preferred e-wallets and other third-party payment providers.
SBK Bonus Terms and Conditions
- Wagering requirements: None
- Minimum odds: None
- Sports restrictions: None
- Expiration period: None
- Other restrictions: Maximum refund of £20 on your first losses
With no wagering requirements applied to your cash refund, this makes SBK one of the best risk-free welcome bonuses in the UK sports betting market. Furthermore, with no restrictions on sport events or odds, you can be sure of getting your refund within 24 hours of placing your first losing wager on any SBK market.
A quick glance at the SBK website and the ‘Bonus & Promotions’ section within the SBK Help Centre reveals a minimal list of additional promotions for new or existing customers. The SB10K competition is open to all verified SBK customers, with the chance to win £10,000 entirely at random. Customers must enter one entry per account. SBK is an operator that does things by the book, so all winners of these competitions must have passed the Know Your Customer (KYC) regime and have an eligible payment method registered to their account.
Can SBK be Trusted?
SBK is a mobile-exclusive sportsbook owned and operated by Smarkets. Smarkets is a sports betting exchange that’s battled hard to be considered as a legitimate alternative to Betfair’s world-renowned sports betting exchange. It’s done so through innovation in technology and competitive pricing on commission. Like Smarkets, SBK is also working hard to innovate by operating as a mobile-only sports betting platform.
SBK is also licensed and regulated inside the UK by the UKGC and outside of the UK by the Malta Gaming Authority (MGA). The MGA is on a similar level to the UKGC in terms of the integrity of its jurisdiction, which should give customers throughout Europe the confidence they need to open an SBK mobile betting account.
SBK also offers impressive responsible gambling tools, including a self-assessment feature that enables prospective and existing customers to identify if problem gambling measures are needed to limit and protect their betting.
Payment Methods at SBK
Although the SBK welcome bonus is only eligible to those who use debit cards or Trustly accounts to deposit, SBK does permit a wealth of other payment methods for deposits and withdrawals:
- Visa (debit and credit)
- Bank transfer
Deposits via all of the above payment methods are permitted in British pounds (GBP) and euros (EUR). All of the above deposits are processed instantly, with the exception of bank transfers which take between three and five business days.
Withdrawal Times and Limits at SBK
Withdrawal times and options are industry competitive at SBK, with the ability to receive most cash withdrawals to e-wallet accounts in no more than 24 hours. Debit card withdrawals may take up to five business days to be finalised but by and large, these transactions are normally completed in two-to-three business days.
|Payment method||Withdrawal time||Limits|
|Visa||2-5 business days||£10 minimum, no max|
|Mastercard||2-5 business days||£10 min, limited to deposit amount for some cards|
|Bank transfer||3-7 business days||£20 min, no max|
|Trustly||Up to 24 hours||£40 minimum, no max|
|PayPal||Up to 24 hours||£10 min, £5.5k max|
|Skrill||Up to 24 hours||£10 minimum, no max|
|Neteller||Up to 24 hours||£10 minimum, no max|
Paysafe card is one of the glaring omissions from SBK’s accepted payment methods, while some UK online sportsbooks are starting to look at cryptocurrency as a form of payment. With SBK at the cutting edge of mobile sports betting technology, the ability to deposit and withdraw funds in cryptocurrencies like Bitcoin could be an option further down the line.
There is a highly slick and contemporary feel to the SBK mobile betting experience. Its mobile app contains all you need to get started with betting on all major sports, with a ‘Hot Tips’ section even listed to help beginners find sports betting markets attracting the most amount of customer money and interest.
The first way SBK differentiates from other UK online bookmakers is its odds. SBK won’t be the first (or the last) to insist they offer better odds than the competition – but this time they truly mean it. Given SBK is powered by Smarkets’ sports betting exchange technology, which exists to remove the margin of a bookmaker, you can be sure of getting great-value odds.
The second key differentiator between SBK and the rest of the UK online bookmaking industry is its distinct focus on online community. Its social network-style format makes it easy to discuss betting tips and share big wins with friends and strangers alike.
One of the ways SBK reinforces the value of its sports betting odds is through SBK Price+. At the top of each pre-game sports betting market, SBK Price+ will display what percentage of its wagers on this event were better value than its competitors.
To that end, we reviewed a handful of sports betting markets on SBK and compared its odds with two of its major competitors. We were pleasantly surprised to find that SBK offered much better value odds in a recent FA Cup 1st Round match than bet365 and Betway.
Dagenham & Redbridge
An upcoming League 1 football match between Ipswich Town and Oxford United (Sat 13th November) sees Ipswich priced at 22/19 to win, compared with evens at Sky Bet and just 11/10 with Paddy Power.
Scotland’s World Cup 2022 qualifier at Moldova on Friday 12th November sees them priced at 3/13 favourites to win with SBK, compared with 2/11 at bet365 and 1/5 with Paddy Power. If you’re someone who bets regularly on the football markets, SBK’s odds can certainly provide incremental improvements to your value betting.
The SBK native app is one of the best for functionality. It offers an intuitive user interface, with the ability to check open bets with a single tap and search all available betting markets via the ‘Home’ tab. On your chosen sports event, the types of available markets will be scrollable at the top of the screen, along with the ‘Tips’ button which sees fellow users share their pre-match opinions and betting angles.
The cashout feature used to be a ‘nice to have’ in the online sports betting scene, but now it’s a ‘must have’ and SBK does not let its customers down in this regard. Prices are updated in real-time to give users the best value for their cashouts mid-game.
The SBK Bet Builder also delivers for those looking to put together multiples and accas for their entertainment. It’s possible to add multiple markets from a single event or multiple events on the same market, depending on your preference.
Within the SBK app you’ll find an ‘Auto Acca’ mode, which gives you the chance to select between three and five bet selections and spin for a randomly generated accumulator price. These Auto Accas allow selections across multiple sports and bet types.
Blog and Community
The social media-style aspect of the SBK app is one of the main attractions to this sportsbook. Bettors can enter their own betting tips and leave feedback on others’ betting suggestions, creating a community of engaged sports bettors on a platform licensed and regulated by two of the leading jurisdictions in the industry – the UKGC and MGA.
Bet on Sports
- American Football
- Horse Racing
- Australian Rules Football
- Olympic Games
- Field Hockey
- Greyhound Racing
- No betting tax
Mobile is everything when it comes to sports betting on SBK. That’s not hyperbole, that’s simply fact. The desktop SBK website does not permit you to place wagers through web browsers. You can only place bets by downloading the SBK app onto your compatible smartphone or tablet, which is a slick and simple experience.
As the world’s only ‘true price’ sports betting app, SBK offers in-play betting markets with dynamic odds that aren’t set by the bookmaker’s traders but the punters themselves. With the betting platform powered by Smarkets technology, the odds will fluctuate in real-time depending on what’s happening in the game.
It’s disappointing to note that live streaming of in-play sporting events is not available through the SBK app. If you’re a bettor that prefers to watch the live action unfold while placing a bet online, SBK may not be for you just yet. However, given the technological innovations this mobile sportsbook has embraced thus far, live streaming cannot be too far away from being offered – at least across football and horse racing fixtures.
At the time of writing, no loyalty program is offered to regular customers of the SBK app. Despite this, the highly competitive odds and the lack of a bookmaker’s margin still makes SBK an enticing mobile sports betting proposition.
Given the 24/7 services allegedly offered for logged-in users at SBK, we thought we would put this to the test. In less than 60 seconds, our assigned live chat agent responded to our initial questions regarding the welcome bonus and demonstrated sound awareness of the platform’s responsible gambling tools.
Aside from the live chat, we found the SBK Help Centre a very useful library of FAQs relating to all aspects of registering and betting as an SBK customer. With sections spanning bonuses and promotions, account verification, payments, betting rules and simply using the SBK app, you may never need to contact the live chat team anyway.
- Email: [email protected]
- Phone: +44 207 617 7413 (9am-12am)
- Live chat: Available 24/7 for logged-in customers
- FAQs: Comprehensive SBK Help Centre available
As SBK is fully licensed and regulated by the UKGC and MGA, SBK is widely available for use across the UK and mainland Europe, except for the following countries (and those further afield):
- Czech Republic
- South Africa
- Hong Kong
In the burgeoning US online sports betting market, SBK is currently available in two US states – Colorado and Indiana.
SBK dubs its mobile sports betting platform as ‘a new way to bet’ – and we’re inclined to agree. With an innovative price matching system, underpinned by Smarkets technology, a thriving social community of bettors sharing tips, news and betting advice, and a fair, transparent welcome bonus, what’s not to like? Just make sure you’ve got a darn good smartphone, a good 4G connection or reliable Wi-Fi!
Is SBK licensed to operate in the UK?
Yes, SBK is licensed and regulated by the UK Gambling Commission (UKGC). Not only does this mean it is permitted to serve UK-based bettors, it’s also a green light for their platform, as the UKGC operates one of the most stringent jurisdictions in the sports betting industry based on customer safety, responsible gambling and much more.
What operating systems are compatible with the SBK mobile app?
The SBK native app is available for both iOS and Android devices. You can download the Android app directly from the SBK website or the Google Play store. You can download the iOS app directly from the App Store.
Who powers the SBK betting platform?
The SBK sports betting technology is underpinned by the Smarkets sports betting exchange. SBK relies on Smarkets’ advanced technology to monitor price movements in the sports betting markets. These price changes will be displayed in real-time, to help bettors find value odds. The technology also includes the SBK leaderboard, which helps to document the week’s biggest winners.
Can you bet with SBK on a desktop computer?
SBK is a mobile-exclusive sportsbook. You can only place sports bets through SBK’s native mobile apps and not through any of the leading web browsers. This makes sports betting more agile and inclusive, with the ability to place and monitor your mobile wagers wherever you are.