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SBK Betting Review UK 2021 – Markets, Features, Pros & Cons Revealed

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SBK may have only been around since 2019 but they can genuinely claim to have disrupted the betting industry with a sportsbook that is different from all the others in quite a few ways. So just how have they separated themselves from the pack and created a truly unique sportsbook offering? As part of this SBK review, we will tell you all about the unique selling points of the app, as well as outlining their range of sports and markets, customer service, in play betting, how the app looks and much, much more!

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New customers only. Deposit £20 using Debit Card or Trustly. Up to your first £20 of losses will be refunded as CASH within 24 hours of qualifying bet having been settled. T&Cs apply.

What is SBK Betting?

We start our SBK review with a look at their history because SBK is the sportsbook offering from Smarkets, which is one of the biggest betting exchanges in the world. However, the association doesn’t begin and end there as the SBK app also draws their prices from Smarkets, providing a unique mix of betting exchange prices and the simplicity of a sportsbook.

SBK also stands out from the crowd with their unique social media element, which we will elaborate on later in this article. and a nice touch in our opinion is that you won’t find anything other than sport, politics and current affairs betting on the SBK betting app, meaning there are no casino games, slot machines or bingo. However, with a huge range of markets, that shouldn’t matter to punters who may even appreciate the stripped-down nature of the app.

From what we’ve seen, the SBK app is a worthy addition to the sportsbook arena and we’ll be going into more detail on all the major features of the site later in this article.

Is SBK Safe?

A key element of this SBK review needs to be safety and security, and an excellent indicator of their reliability is that SBK are licensed and regulated in Great Britain by the Gambling Commission and outside of the UK by the Malta Gaming Authority. SBK uses high-security features to ensure that deposited funds are protected and that transactions are 100% safeguarded with Transport Layer Security (TLS) and Secure Socket Layer (SSL) encryption protocols.

All customer funds deposited by customers registered in the UK are also held by Smarkets (Clients) Limited, a group company established for the exclusive purpose of holding customer funds, under the terms of the Trust Deed. And according to the UK Gambling Commission’s customer funds rating categories, this provides a high level of protection.

New customers may also be required to upload additional identification documents such as a passport and utility bill, if for example, they have moved house recently, which is a reassuring sign that the SBK sports betting app takes their security responsibilities very seriously.

Responsible Gambling

The responsible gambling section of the SBK app is accessible by tapping on “Account” at the bottom of the home screen and then “My Limits”, and then bettors will find a number of tools to help them gamble responsibly, including daily, weekly and monthly deposit limits, loss limits, along with time out and self-exclusion options.

That’s it for the safer gambling measures though and we must admit that the lack of further information about how to spot problem gambling and a GAMSTOP or Gamcare phone number for bettors who may be worrying about theier gambling is certainly a negative.

SBK Signup Offer

The SBK sports betting app may be going down a different road to their competitors but they still realise the need for a good welcome offer to help attract new customers! And the SBK signup offer is a generous one as new bettors can enjoy a risk-free start to their SBK wagering journey as the first £20 of their losses will be refunded, essentially becoming an SBK free bet.

All you need to do to qualify for the SBK signup offer is to join up using the SBK promo code SBS21, deposit at least £20 using a debit card, bank transfer or Trustly, then place one or more bets on SBK. If your qualifying bet settles as a loss your stake will be refunded in cash up to a maximum of £20.

It’s important to remember that your refund is not limited to your first bet. For example, you can win your first wagers and then lose £10, £6 and £4 and all your losing bets will be refunded in cash up to a combined total of £20. And unlike some other offers there’s no minimum price that you need to place your initial bets at.

To make the most of the SBK promo code you just need to make sure all your qualifying bets are settled within 7 days of the qualifying deposit.

To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. And unused bonuses will expire after seven days of being credited to a user account.

SBK offer Offer description Wager requirement Min qualify odds Offer expiry Min deposit
Risk-free bets First £20 of losses refunded as cash £20 None 7 days £20

Unfortunately for punters, at the time of writing this article the SBK sign up offer is the only promotion available as there are currently no deals for existing customers such as free bets, price boosts or acca insurance.

It seems like SBK are happy to rely on their odds, range of markets and the social elements of the app to keep punters happy, which is fair enough considering how much of a selling point they are, but slightly disappointing when you consider that every other online bookmaker has at least a couple of existing customer deals.

SBK Betting Review

We don’t take other people’s word for it, we always immerse ourselves in the site or app we are reviewing and we know what punters are looking for because we have years of betting experience. So how does SBK score in the areas that are most important?

Let’s take a closer look.

Which Sports Can I Bet On With SBK Betting?

You can bet on 22 different sports at SBK, including all the usual suspects, the big four sports from across the pond, less well-known events and of course the rapidly-growing phenomenon that is E-Sports!

And the app also shares one of the best features of their parent site Smarkets, which is the enormous range of non-sporting markets covering everything from the next German Chancellor to the next Dr Who! And if you like a flutter on politics you won’t find a better place to do it, with over 100 markets available at SBK.

You can access the most popular events of the day such as the Champions League or the T20 World Cup directly from the home page, or simply tap on “Browse” at the bottom of the home page and scroll through an A-Z list of all the sports that are available to bet on.

SBK Betting Odds & Value

SBK claims to deliver “industry-disrupting odds” and it’s hard to disagree because they can cut out the bookmaker’s margins that nudge the odds up on all the other sportsbooks. And there’s also a transparency on the app when it comes to prices that you very rarely see with other bookmakers.

And this is because SBK benchmarks their odds against nine of its major competitors including big-hitters Ladbrokes, William Hill, bet365 and Paddy Power, before showing users exactly when they are getting the best odds with the SBK Price+ feature. Price+ is currently only available on football markets but we would expect a gradual rollout to the app’s entire sporting event offering.

SBK Betting Bet Limits

You can place a bet for as little as £0.05 on the SBK app, which is a little less than the £0.10 industry standard we have encountered on many other betting sites. The maximum amount you can wager is a whopping £99,999.99 which we’re sure will keep even the high-rollers happy!

In Play Betting

Fans of in play betting are well served by the SBK app, with a massive range of in-running markets on offer covering all the major sports, most of the minor ones and E-Sports too. You can easily access the in play page by pressing “Live” at the top of the home page and once you’re there, the biggest events taking place at the time will be front and centre, with a scrollable list of sports present and correct at the top of the page.

Live Streaming

The SBK sports betting app does not have a live streaming service at the time of writing, but if you click on an in play event you will always find up-to-date information on what’s happened so far, and for live football matches, there’s always an animation which is regularly updated with the latest happenings in the game, as well as all the relevant stats from the match so far.

SBK Betting Cash Out Feature

Cash outs are available on the majority of markets, meaning punters can settle their bets before completion. To cash out you need to tap the “Open Bets” section at the bottom of the home page and then a cash out button will appear next to the wagers that qualify. Bear in mind though that not all bets are eligible for the cash out option.

Social Media Features

SBK have combined sports betting with social media for a much more immersive betting experience. You can post your own tips on the app, view the selections of other budding tipsters and follow them if you want to see what they say in the future. And it’s also no surprise that they are active on more traditional social media platforms, with regularly updated Twitter and Facebook feeds.

Auto Acca

One of the more unusual features we’ve seen on any betting site is SBK’s Auto Acca, where you can randomly select a three, four or five result acca which could feature any sporting market. To be honest though, we’re struggling to work out why anyone would use this as the last thing you want to do when spending your hard-earned bankroll is betting without any prior knowledge of the event you are wagering on!

However, if you’re keeping the stakes small it could be a harmless bit of fun with the chance of a big payout, so we’ll give SBK the benefit of the doubt here!

Customer Service

There is a very detailed FAQ section on the SBK sports betting app but if you can’t find what you are looking for or you just don’t have the time to search, there are a number of ways to contact the customer service team.

They can be reached via phone from 9am to midnight, email, live chat and even in writing. The live chat feature is certainly the quickest way to reach someone at the site, with agents becoming active in seconds in our experience, and logged-in users only can access it 24 hours a day, seven days a week.

How To Get Started At SBK Betting

Registering a new account and depositing for the first time is a quick and easy process, and even if supplementary identification is required before registration can be completed, the time between sending it and your account being up and running is generally no more than four hours.

The following step by step guide explains how you can sign up at SBK.

Step 1: Download The App

Before you can start the sign-up process you need to download the app, which you can do by visiting the Google Play or Apple Stores directly or by heading to the SBK web page on your mobile device, where the relevant download links are front and centre.

Step 2: Sign Up

Open up the app and tap the “Create Account” button which is located at the bottom of the screen and then there will be a series of pages where you can enter your email address, pick a password, add your name and location, choose the currency you want to wager in and add a promo code if you have one. Then it’s your date of birth, mobile number if you choose to share it, address, odds format and finally your contact preferences.

Step 3: Deposit Funds

Once your account is up and running, log in and tap the “Funds” button at the bottom of the screen. Enter your card details and deposit amount and then you will be good to go! The minimum you must deposit is £10 and the maximum daily deposit limit is £10,000, and there are no fees attached to any deposit.

Conveniently the site will also remember your payment method meaning that any subsequent deposits will just require you to input your card’s security number, and you will also be prompted at the bottom of the screen to add a deposit limit if required, which is a useful reminder!

Step 4: Place Bets

Now it’s time to place some bets, and don’t forget your first £20 worth of losses will be refunded!

Check out the available markets in the sport you are interested in betting on and when you click on a price it will be added automatically to the bet slip on the bottom right of the screen.

Once you’re happy with the bets in your bet slip you can add individual stakes to each one or check out the multiple options if you have more than one selection. And for each bet you will be able to see your potential winnings alongside the wager.

Step 5: Withdraw Winnings

If you’ve made a successful bet and you want to get your hands on the winnings rather than building up your bankroll, tap the “Funds” button at the bottom of the screen and then tap “Withdraw”. Once you’re there you just need to select your chosen payment method, enter the withdrawal amount and then you’re all set.

You just need to remember that SBK operates a closed-loop system, which means that if you have deposited using a particular payment method, you will need to use this same payment method to withdraw your winnings. Withdrawal limits will also apply depending on which method you are using, but generally, you have to withdraw at least £10, with no maximum.

Withdrawals will take anywhere between 30 minutes and 2 working days, depending on the method selected.

The SBK Betting App

As a mobile-only operation, it’s even more important that the SBK betting app is fit for purpose, and from the first time you access the app it’s clear that a lot of thought has gone into it. The first thing to note is that the lack of casino games or slots is a means the app has an uncluttered feel to it which makes a refreshing change in a world of predominantly multi-purpose betting apps.

And this means SBK can find some space to include more pictures throughout the app than you normally see, which gives it a fresh and modern feel that really separates SBK from the pack. And we love the colour scheme that combines black, white and grey to great effect.

The user experience is also a good one with a selection of the biggest markets of the day appearing on the home page along with tabs at the top to navigate to the in play page and the social media section and tabs at the bottom to browse all sports, access your account and open bets and to deposit and withdraw funds.

SBK Betting Promo Code Promo Code

There’s an exclusive SBK promo code for readers to use on the SBK betting app to get their first £20 of losses refunded, which is SBS21. You can input the SBK promo code when signing up on the app and it appears on the same page as your location and the currency you wish to bet in.

To qualify for the offer you need to deposit at least £20 using a debit card, bank transfer or Trustly, then place one or more bets on SBK. If your qualifying bet settles as a loss your stake will be refunded in cash up to a maximum of £20. This is then the equivalent of an SBK free bet to be used on any market at any price.

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SBK Betting Payment Methods

Almost all of the major payment options are available at SBK, with the only negative being the lack of Apple Pay or Google Pay.

Payment Method Min. Deposit Min. Withdrawal Withdrawal Time Fees
Visa & Mastercard £10 £10 1-6 business days None
Open Banking £10 £10 12 hours
Bank Transfer N/A £20 5-10 business days £10
PayPal £20 £10 1-2 business days None
Trustly £10 £10 1-2 business days None
Skrill £10 £10 1-2 business days None
Neteller £10 £10 1-2 business days None

SBK Betting Pros & Cons

There are certainly pros and cons to wagering with SBK and based on our extensive research we can confidently outline what we like about the SBK app and perhaps more importantly, what we don’t like!

What We Like:

  • Competitive Odds – Being able to eliminate sportsbook markups by drawing on the prices of the Smarkets betting exchange is a real bonus, as is the fact that SBK benchmarks their football odds against some of their biggest rivals and regularly comes out on top.
  • Range of Markets – There’s a huge range of sports and markets to satisfy every punter, but when it comes to politics and current affairs markets you won’t find more anywhere else.
  • Excellent App – Placing bets on your smartphone or tablet is a fantastic experience thanks to a quick,  great looking and uncluttered app.
  • Social Element – Being able to post your own tips, see the views of other punters and comment on them is a unique addition to the SBK app which provides an even more immersive betting experience. 

What We Don’t Like:

  • Lack of Existing Customer Offers – The welcome bonus is generous but there were no existing customer offers at the time of writing, which could put some people off with other apps offering far more generous incentives.
  • No Live Streaming – The lack of live streaming is most noticeable when you’re betting on sports like horse racing, tennis and NBA, which punters can regularly watch on other sites but can’t on SBK.
  • Responsible Gaming – We can’t fault SBK for including daily, weekly and monthly deposit limits, loss limits and time out and self-exclusion options, but the general lack of information about how to spot problem gambling signs and numbers to call for help is a definite negative.

Bottom Line on SBK Betting

We’ve seen a lot of betting sites and it’s rare that we come across something that feels genuinely fresh. And that is certainly the case with the SBK betting app, which can rightfully claim to be doing something markedly different to the rest of the pack when it comes to their odds and social-friendly interface.

However, they haven’t forgotten the key elements of what makes a good betting app, as the SBK app not only looks great and navigates well, but the decision to focus only on betting means the site is refreshingly uncluttered with no casino games and slots to distract bettors.

With a future in prospect where mobile devices are set to dominate the way we place our bets, SBK are ahead of the curve in concentrating solely on their mobile app, and it’s all the better for it. So overall we’re more than happy to recommend the SBK betting site to anyone who is looking for a brand new betting experience!

SBK Betting FAQs

When was the SBK betting app launched?

Their parent company Smarkets has been around for a number of years but the SBK betting app was only launched in 2019.

Is SBK safe?

Yes. The SBK betting app is licensed and regulated by the UK Gambling Commission and should be regarded as 100% trustworthy. Security and encryption measures are also in place to protect customer details at all times.

Which payment methods are available at SBK?

A wide range of deposit methods are available including Visa and Mastercard debit cards, Paypal, Trustly, Neteller and Skrill.

Is there an SBK bonus for new customers?

Yes. new SBK customers can get their first £20 of losses refunded as cash, but don’t forget to check the individual Ts & Cs.

Is live streaming available at SBK?

Live streaming is not available at the time of writing, but live updates of major events is one aspect of the in-play feature.

About Lee Bassin

Lee Bassin is a sports betting and strategy specialist with experience writing for a number of publications during a 20-year career. An expert in football and golf, Lee also has a passion for American sport, particularly the NBA and NFL.

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