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SkyBet Review

Review of SkyBet

Editors Note:
SkyBet are one of the most well known bookmakers given their advertising platform on TV but when you start to dig deeper into the company you find there are some seriously alarming questions over the brand.

Sky don’t actually own SkyBet. Which is weird considering the branding. They are owned by a Canadian company who have no relationship with Sky.

On top of that SkyBet recently terminated deals with a number of their marketing partners overnight and suspended payments. This is a massive red flag for any company and I’m no longer comfortable recommending a bookmaker with, what from the outside appears to be, a question mark over their finances.

If the company are struggling financially then players funds are potentially at risk, as are payouts, and until resolved you’d be much better off sticking to a safer option.

Check out either Bet365 or Betvictor, both 5 star bookmakers, for better alternatives to Sky Bet.

Sky Bet Review
1/5

Review Ratings

Use the links to navigate our review.

Licensing & Safety

Highest risk classification
How safe is Sky Bet?
1/10
  • UKGC license
  • Alderney license
  • Strange ownership?!
  • Financial questions marks?!

WarningAlthough Skybet have all the correct licenses they need to operate, from the UK Gambling Commission and Alderney Gambling Control Commission, they aren’t actually owned by Sky and have a big question mark over their financials after sudden terminations with marketing partners who claim unpaid debts.

Bonne Terre Limited, the company that own Skybet, are licensed by Sky to use the Sky trademark so they can operate the Sky Bet bookmakers. This just feels like an odd situation and we’d be much more comfortable if Sky owned and ran the site.

At no point in any of their advertisements, on Sky TV, is it made clear that Sky don’t own SkyBet. In fact as a punter you just automatically assume they do by association.

With these two key points in mind, at this point in time we’ve assigned Skybet with our highest possible risk rating. We wouldn’t keep our money on the site so we don’t expect you to.

If you’re looking for an alternative option… check out our bookmaker reviews.

Deposits & Withdrawals

Widest range of methods
Will I get paid?
7/10
  • Instant deposits available
  • Credit & debit cards
  • Skrill accepted
  • PayPal accepted
Method Fee Time Scale Deposit Withdraw Limit
Visa £0 Instant £10 – ?
Visa Electron £0 Instant £10 – ?
Visa Debit £0 Instant £10 – ?
Maestro £0 Instant £10 – ?
Mastercard £0 Instant £10 – ?
Solo £0 Instant £10 – ?
Neteller £0 Instant £10 – ?
Skrill £0 Instant £10 – ?
PayPal £0 Instant £10 – ?

Markets & Odds

Good range of sports
What sports are offered?
6/10
  • 30+ sports
  • Average odds
  • In-play betting
  • Limited live streaming

When it comes to sport, Sky is one of the biggest name in the United Kingdom, covering all kinds of different events on their many television channels. This massive scope also extends to the huge amount of different sport markets that they have on their gambling site, therefore meaning that there is something for everyone.

The sports that they offer markets for are:

  • Athletics
  • Aussie Rules
  • Baseball
  • Basketball
  • Bowls
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • eSports
  • Football
  • Formula One
  • Golf
  • Greyhounds
  • Handball
  • Horse Racing
  • Ice Hockey
  • Lotto
  • MMA
  • Motor Sports
  • Music
  • Netball
  • NFL
  • Politics
  • Rugby
  • Snooker
  • Speedway
  • Tennis
  • TV & Films
  • UFC
  • Virtuals
  • Volleyball
  • Winter Sports
  • Wrestling

As can be seen, if you can find the sport to watch on Sky Sports, then the chances are you will also be able to find a market for it on this site. Sky have used their considerable resources to provide one of the most comprehensive list of sports around, as well as to make sure that all of the sports covered are covered in great depth. This means that from low league encounters through to World Cup matches, you will be able to find what you are looking for here.

A note on the odds: whilst the odds you’ll find on Skybet aren’t a million miles away from the other major bookmakers they are by no means the most generous and when it comes to football for example you’d be much better off at one of these sites.

In-Play Betting

Limited live streaming & odds
Is live betting offered?
5/10
  • Expected range of events
  • Cash out offered
  • Live stats & scores
  • Limited live streaming

Sky Bet InplayAs you would expect from a site of this size, Skybet also offers a comprehensive in-play section, which means that you are able to place bets as the event is being played out. Odds are constantly updated on this feature and it is offered for nearly all matches that are ongoing, regardless of the sport.

The live menu can be found right in the middle of the homepage, with details of the match and the number of different bets that are being offered. Once an event is selected you’ll be presented with a console where the live score is at the top, odds below, a graphic displays the current state of play and clicking the stats icon in the top right switches to match stats – all boxes ticked here, we’re impressed.

To be honest there are better live options out there. For the top two check out our Bet365 review or our BetVictor review.

Live Streaming on Skybet

Given that Sky have the television rights to pretty much every sport worth watching you’d think they’d have a pretty stellar live streaming section… well unfortunately you’d be wrong.

In fact they recently reduced their live streaming service and now only offer UK and Irish horse racing. You must bet at least £1 per race to watch.

All in all it’s vastly disappointing and when you compare them to Bet365 who stream over 100,000 events per year on top of horse racing it doesn’t look great. We’ve been forced to downgrade Skybet as a result here. Click the previous link to read our Bet365 review if live streaming is important to you – you’ll be looked after there.

Overall Review

Here’s our overall take on things…
Our Verdict of SkyBet
Avoid for now
Our Rating for:
SkyBet
1/5

After conducting our Skybet review we felt that, given our concerns, they were worth no more than a 1 star rating.

They have all the correct gambling licenses required to operate an online bookmakers but as we’ve mentioned previously in this review they company isn’t owned by Sky themselves and they’ve recently had disputes with marketing parters over contracts and payments.

It’s a real shame that the above two issues overshadows what could be quite a solid online bookmakers. Their depth and range of markets is decent, odds are competitive if not outstanding and there’s plenty of offers (such as Super 6) to keep punters interested.

A lack of live streaming does also let them down, especially given the TV platform… but as we know Sky don’t seem to own SkyBet so I guess that explains why this is an issue.

If they are able to resolve on going disputes with their marketing partners then to us that would prove they at least have the financial security to upgrade their rating. Unfortunately at this time we wouldn’t use Skybet and therefore would be uncomfortable recommending you do.

See bookmakers we DO recommend in our reviews section.

 

User Reviews

What actual customers are saying…
  • Jonno86
    September 17, 2018

    Had big problems getting my money off of Skybet. Put £30 into my account. Placed a few bets and ended up winning a 4-fold acca on the footie for £156.73. Went to withdraw it and they want me to send in my ID. Have now sent it three times, to different people, and the situation isn’t resolved. Just pay me my money, you didn’t ask for ID for me to deposit!

  • MoSal
    September 24, 2018

    Didn’t realise that Sky didn’t actually own SkyBet. Thanks for pointing it out. These big companies never really let you know what’s going on do they. I do Super6 on Sky, in a league with a few of my mates, but won’t be using them for anything else after reading this. Probly switch back to Bet365 tbh.

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the Cheeky Punter
The Cheeky Punter is an ex professional online sports bettor and trader with over 15 years of experience in the industry. He has worked for a number of top bookmakers including Ladbrokes, William Hill and Coral. He's also written for a number of leading news outlets including the Guardian, i (newspaper) and Soccer Lens. More about him here.