New customers only | Commercial content | Bet responsibly |18+ age limit | T&Cs apply
SBK is what is known as a ‘true price’ sports betting app due to the exchange system that is used. Much like the Smarkets Betting Exchange, SBK will not be acting as the bookmaker but rather as an exchange which allows bettors to make bets with and against each other. The beta version of SBK currently only allows for backing bets and not laying. The SBK Sportsbook is expected to come out as a mobile-only betting application which will not be available as a browser-based client.
SBK is expected to hit the market later this year with a fully functional mobile app which will be available for both iOS and Android devices. The App can currently be downloaded at the iTunes and Google Play stores in the beta version which will update to the full version when the SBK App launches later this year. Users can expect a Welcome Bonus to also be put forward with the launch of the app to bring in new customers. The bonus details have not been disclosed but should be similar to those given by Smarkets. (T&Cs may apply)
To find out more about the SBK App and the possible SBK Welcome Bonus read the full review found below.
SBK Welcome Bonus
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SBK is expected to come out with a welcome bonus to incentivise new users to download the app. The most likely type of Welcome Bonus will be a First Deposit Bonus or First Bet Bonus which will provide bonus money to users who register and make a real money deposit on the app.
Terms and conditions for the Welcome Bonus will probably be required to activate the bonus and make a withdrawal of bonus funds. A wagering requirement and a SBK Bonus Code are two very likely requirements. The wagering requirement will require users to bet a certain amount based on the bonus money awarded and the SBK Bonus Code may be required to be entered during registration to activate the bonus for new users.
SBK Sports Betting
As mentioned before SBK sports betting will be a different from betting on your typical online bookie. The betting exchange system uses a peer-to-peer format where users lay bets against each other rather than betting against the bookie. The main advantage of using a betting exchange is the ability to make ‘true price’ bets where the bookmaker doesn’t take a large chunk out of the odds of your bet. Instead SBK Sports Betting will take a small commission; if the commission is the same as Smarkets it will be 2%, which is significantly less than the percentage kept by a typical bookmaker.
Another advantage of betting exchanges is the wide range of bets available. Users will not be limited to the wagers set by the bookmark but rather can look to create their own odds or match the odds of another bettor.
Users will have the option of making live in-play bets against other users who offer prices throughout a sporting event giving users the chance to live bet just like the traditional online sports bookmaker.
SBK Sports Betting Community
A great feature of the SBK App is the ability of users to communicate with each other. Users will be given chat features with the ability to give and receive tips from the other bettors. This type of community aspect is really only possible with a mobile app which keeps users connected with instant notifications. Expect the SBK app to create a number of social activities to further incorporate the community feeling to users.
SBK App Review Conclusion
The SBK App is creating a totally new genre of sports betting in the UK. By incorporating the betting exchange system of Smarkets into a mobile application, users will get a betting experience unlike any other sportsbook on the market.
Be sure to keep a lookout for any SBK Bonus Code or Welcome Bonus which may be available for when the app launches in full. Currently the app is perfect for testing in the beta phase and can be downloaded via the brand’s website and requesting an invitation code.