SBK Bet Review & Promo Code: Bet £20 Get £60 in Free Bets

Smarkets launched SBK Bet in 2019 with a completely different approach to sports betting. Rather than pricing markets independently like a traditional bookmaker, SBK derives its fixed odds from the Smarkets Exchange.

There are no lay bets or exchange-style trading calculations, as markets are displayed in a conventional bookmaker format. This can produce more competitive odds and lower margins than conventional bookmakers. 

Our review explores all the key features on SBK Bet, including the Best Price and Bet Feed, and also walks you through the welcome offer for UK punters, top markets, payment options, and more.

“That is really where SBK stands out for me. It is not the bookmaker with the biggest brand or the simplest welcome offer, but if you compare prices regularly, the exchange-derived odds can make a meaningful difference.” — Alexander Kostin, Gambler Media

Pros	Cons
Exchange-derived odds with lower margins than many leading UK bookmakers	Welcome offer can be complicated
Covers esports, current affairs, and politics alongside sport	Live chat only available in limited hours
UKGC and MGA licences	Manual bank transfers can take up to 10 business days
Bet Feed lets you follow other punters’ bets

How to Claim SBK Bet Bonus

New UK SBK Bet customers who are not existing Smarkets Exchange users can qualify for £60 in free bets, released in three stages, by depositing £20 with an eligible debit card, Pay by Bank or Trustly and placing one £20 bet at odds of at least 2/1 (3.0). No promo code is required.

First off, you get a £10 football Bet Builder free bet and a £5 multiple free bet as soon as your qualifying bet settles, followed by another batch of free bets after 24 hours, and a final set after 48 hours. All free bets must be used on accumulators with at least three selections. The free-bet stake is not returned; only the winnings are credited.

You also have only five days to use each free bet batch after claiming. Here’s how to sign up and get the offer

1. Follow the offer link on this page to visit the official SBK website.
2. Click on Join Now, then enter your email and choose a password.
3. Enter your full name, date of birth, address, and valid phone number. A six-digit code will be sent to your number, and once you enter it on the site, your registration is complete.
4. Click the Deposit option and choose between a debit card and bank transfer to fund your account with at least £20. Skrill, Neteller, Revolut, PayPal, and prepaid cards do not qualify.
5. Place one £20 qualifying bet at odds of at least 2/1 (3.0). Cashed-out bets do not qualify.
6. Once the qualifying bet settles, you receive a £10 football Bet Builder free bet and a £5 multiple free bet.
7. After 24 hours, you receive a £5 free-bet token, two £5 Bet Builder free bets, and a £5 multiple free bet.
8. After 48 hours, you receive a £5 free-bet token, a £10 Bet Builder free bet, and two £5 multiple free-bet tokens.

On settlement

Bet Builder 10 Multiple free bet 5

After 24 hours

Free-bet token 5 Bet Builder 10 Multiple free bet 5

After 48 hours

Free-bet token 5 Bet Builder 10 Multiple free-bet tokens 10

Gambler Media review of SBK Bet

Bet Types, Odds, and Market Coverage

SBK covers more than 25 sports, ranging from football and horse racing to tennis, cricket, rugby, golf, darts, and even esports, with several eFootball and eBasketball leagues available. There are also sections for current affairs, news, and politics, where you can find dozens of markets covering US gubernatorial races, UK parliamentary elections, and presidential races in several countries. 

£60

Free bets available to new UK SBK Bet customers

25+

Sports covered by SBK Bet

2/1 (3.0)

Minimum odds required on the qualifying £20 bet

Gambler Media review of SBK Bet

You also get all the usual bet types like singles, multiples, and bet builders, with hundreds of handicap markets and player or team specials available on popular events. Above all, SBK Bet is aimed at punters who value lower margins, and the odds reflect that.

When we compared SBK’s prices on the Premier League against major UK bookies, SBK consistently came out sharper. In fact, bet365’s margin was roughly double SBK’s, and Ladbrokes and William Hill were even further off.

SBK is one I would keep open mainly to compare prices. It does not have the scale or polish of the biggest bookmakers, but the exchange-derived odds can be noticeably better, which matters more to me than another flashy feature.

Key Features at SBK Bet

SBK’s main betting features include:

• Bet Feed: A social betting timeline on the homepage where you can see what other users are betting on, follow top tipsters, and copy or counter their bets. You can filter by open bets, settled bets, popularity, or who you’re following.
• SBK Best Price: This feature shows you how SBK’s odds compare to other top bookies such as Sky Bet, Ladbrokes, Coral, and William Hill. Green arrows appear when SBK has the best or joint best odds.
• Acca Lab: A special section where you can build unique accumulators on top football events.
• Bet Builder: This lets you combine multiple markets from the same match into one bet.
• 2-UP: On selected top-league football matches, a Home or Away selection in the separate 2-UP market is settled as a winner if that team leads by two goals during regulation time.

SBK Bet Payment Methods

SBK Bet accepts deposits from £10 by eligible debit card, Apple Pay, Google Pay, Trustly and Pay by Bank. PayPal deposits are also available, but they start at £25. 

Withdrawal options and limits vary by method, although the minimum is generally £10. Mobile wallets like Apple Pay and Google Pay feature a £10,000 cap, while bank transfer and Trustly allow you to withdraw up to £100,000.

Like most bookies in the UK, SBK Bet operates a closed-loop policy where withdrawals must go back to the original payment method used to deposit. SBK lists a six-hour processing time for most withdrawal methods. Pay by Bank may arrive immediately after processing, cards, wallets and Trustly can take 1–6 business days, and manual bank transfers can take 5–10 business days.

SBK App Experience

SBK Bet is a modern UK bookie, and it clearly shows in its app. You get a clean dark interface with touches of green, similar to bet365. Its main point of difference is Bet Feed, a social timeline where users can follow tipsters and see or copy other punters’ bets. 

You also have a side menu that takes you virtually anywhere on the site, and the pages load as soon as you click them. If there’s one thing the app can improve, it would be adding competitions to the side menu when you click a sport. Having to open the sports page and then go to the competitions tab is an unnecessarily lengthy process. 

At the time of review, the app was rated 4.6 on Apple’s App Store and 3.5 on Google Play.

Customer Support at SBK Bet

Live chat is available to SBK Bet users between 09:00 and 23:00 GMT, but you must be logged in to use it. You can also contact the support team by phone on +44 20 7617 7413 or by email at support@getsbk.com.

You can even reach out to the support team on X (formerly Twitter) at @sbk and Facebook at @SBK.bet. If you prefer to write to the company, its postal address is 1 Commodity Quay, St. Katharine Docks, London E1W 1AZ. This is in addition to a detailed Help Centre that covers Accounts, Payments, Features, and more.

SBK Promo FAQ

What is the SBK promo code for free bets in the UK?

SBK Bet does not require a promo code for its UK sports betting welcome offer. New customers can qualify for £60 in free bets by depositing £20 with an eligible payment method and placing a £20 qualifying bet at odds of at least 2/1 (3.0). The free bets are then released in stages after the qualifying bet settles, subject to the offer terms.

How do I log in to the SBK app on mobile?

Open the SBK app, tap Log In, and enter your email and password. If you’ve enabled biometrics, SBK supports Face ID and fingerprint for instant login.

How do I verify my SBK Bet account if my documents don’t upload?

If the upload fails, you can email your documents directly to support@getsbk.com. SBK accepts passports, driving licences, and national ID cards, plus bank statements or utility bills for address checks.

How do I change my withdrawal method on SBK Bet?

SBK uses a closed-loop system, so withdrawals normally return to a method previously used to deposit. To add a new method, make the minimum permitted deposit with it.

How do I reset my SBK password if I’m locked out of my account?

Tap Log In, then click on Forgot Password and enter your registered email and date of birth. SBK will then send reset instructions by email.

How do I track my betting history on SBK?

After logging in, open the side menu and select My Bets to view active slips and settled bets across different dates.

Immediate after processing

Pay by Bank

Arrives fastest once processed.

1–6 business days

Cards, wallets, Trustly

Mid-range waiting time.

5–10 business days

Manual bank transfer

Slowest withdrawal option.

Gambler Media review of SBK Bet