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One of the world’s most distinctive sportsbooks is on its way to the US. SBK, the sportsbook app powered by Smarkets, is now licensed and active in Colorado. It’s also coming soon to Indiana. If you’re playing elsewhere and waiting for SBK, you can try one of these top rated sportsbooks in the meantime.
Elsewhere in the world, Smarkets is a brand associated with sports betting exchanges. These differ from conventional sportsbooks in that players are wagering against one another, rather than individually against the house.
This sort of product isn’t available in the US, however. A company called ZenSports is currently looking at setting up the first American betting exchange as a casino in Nevada. In time, SBK may spin off a Smarkets-based betting exchange, but for now it will operate as a conventional sportsbook.
|Online Sportsbook||SBK Sportsbook|
|Welcome Offer||refund your first $20 in losses.|
|Last Updated||February 2021|
SBK’s welcome bonus is straightforward and easy to understand. SBK sportsbook offers to refund your first $20 in losses when you sign up and deposit $20 or more. It’s worth noting that this refund comes in the form of cash, not site credit. Thus, it’s a true refund, which is a rarity in sports betting.
With that in mind, there’s no reason not to give SBK a shot. If you play and lose, your refund will be available for withdrawal right away, with no playthrough requirements.
The offer is only available for the first seven days after you make a deposit, however.
If you find the idea of peer-to-peer betting appealing and you’re located somewhere that SBK sportsbook is legal, the first thing to do is create an account.
Step one in this process is, obviously, getting the SBK app onto your phone or tablet. Fortunately, downloading a sportsbook app to your device is largely accomplished the same way as any other type of application.
Android customers must first enable downloading from “Unknown Sources” before they begin. This option is available under your phone’s Security tab in the Settings menu. This is a quick step, but a necessary one because of the Google Play Store policy prohibiting any gambling apps, even legal ones.
After that, the procedure for both platforms — Android and iOS (Apple) — is the same. Click on the Play Now! link above, which will take you to the download page.
Once there, find the button with your operating system’s logo on it. Tap that button to go to the actual downloadable file. For Android users, you will have to download the .apk file directly from SBK and install it from there. Apple users will find the App Store popping up, and then need simply to click the “Get” button to begin downloading.
After downloading and installing the SBK app, you’ll need to register for a new account. First, click on the green button in the top right corner of your display that says “Create Account” to begin registration. You will be taken to the intake form for new customers.
You will be required to supply SBK/Smarkets with various pieces of personal information, so it’s a good idea to have references for the following details nearby:
Once all of your information is entered, save your details. At this point, you should be ready to make your first deposit.
You can find the following deposit methods on the SBK app:
Before you begin the deposit process, consult with the terms and conditions of your financial institution. Some banks forbid the use of their cards or accounts on gambling sites. Others will charge cash advance fees for the privilege. Plan ahead so that you don’t get a nasty surprise when you try to deposit on SBK.
Though Smarkets prides itself on offering extremely competitive odds, the nuts and bolts of betting on SBK remain the same. You choose a game, pick a type of bet and move forward. However, if you’ve never bet on sports online before, you may need an update or refresher for the kinds of things you’ll see.
For one thing, whether you’re on SBK or some other sportsbook, you’re going to find a multitude of options for betting. Most of these are identical to their real-world counterparts, but there are a few differences, so here are the betting types that you’re going to see.
Live betting is the most prominent type of sports wager that you won’t often find in retail sportsbooks. The logistics of managing live bets in a land-based book make offering this type of wager quite difficult.
Live betting is a straightforward concept. You are wagering on games that are live or already in progress. This type of wager is also known as “in game wagering” at some sportsbooks. On SBK, it is called “in-play betting.”
Online sportsbooks tend to offer live bets in one of three distinct flavors. The first type of live bet you’ll encounter is the continuation of pregame bets. This is when moneyline, point spread and totals wagers are available during the game. However, if you want to make one of these bets, be aware that the estimates the book is offering are now shifting based upon the events of the game, so you will not have the same amount of time to make your decision.
Live bets can also revolve around milestone achievements. If a player or team appears to be closing in on some kind of arbitrary mark, the sportsbook might whip up some quick odds about whether they will get there.
Finally, live betting often involves partial game results. You might be asked to decide about the outcome of a particular period of play. The reason that this type of live bet is so important is due to the granularity that today’s sports betting software can provide. It is now possible to see wagering options for the outcome of individual plays and other small parts of a game.
This ability to drill down to the smallest components of the game dramatically expands the potential number of wagers that a game can hold. It’s not uncommon to see one game play host to more than 100 wagers.
Live betting is front and center on most sportsbook apps, including SBK. It is the predominant form of sports betting on many events. Of course, if you’d prefer to stick with the more traditional types of wagers, there’s nothing wrong with that.
The moneyline is a what most novices think of when they imagine betting on sports. At heart, the moneyline is nothing more than a straight wager on the winner of a contest, with no additional twists. On SBK, you may see this type of bet called an “outright winner”, or something similar.
Where the moneyline can cause confusion for newcomers is how the odds are presented. Moneyline bets are denoted by positive and negative numbers next to the team names in the game. For example, you might see one team listed as +180 and the other as -210. This odds format is called American odds. You might also hear it called moneyline odds, though it’s used for much more than just moneyline bets.
These numbers tell you how much money a given wager stands to win. A positive number indicates that the team next to it is the underdog. It tells you the amount of profit you’d make on a winning $100 bet. Thus, if a team is listed at +200, you bet $100 on them and they win, your return would be your $100 stake plus $200 profit, for a total return of $300.
Conversely, a negative number indicates that the team is favored to win. In that case, the number indicates how much you must risk in order to win $100. Thus, a team at -200 means that you must risk $200 to turn a $100 profit, once again for a $300 total return.
In other words, a -200 line and a +200 line are opposites: bet $200 to win $100 vs. bet $100 to win $200. In practice, the two sides of a moneyline bet won’t quite match, however. This is because the operator is pocketing a little money from each side in order to make its profits.
Second most popular after moneyline betting is the point spread. This is a sort of handicap to make both sides of a bet close to even. It’s a wager not just on the winner, but the margin of victory in a game.
In a spread bet, instead of getting shorter odds, the favorite must win by a certain margin. For instance, Seattle -1.5 / Buffalo +1.5 means that Seattle is a slight favorite, and expected to win by about 1.5 points on average. Players then bet whether the favorite will win by at least that margin, or if the underdog will either win outright or lose by fewer points than the estimate. The team which wins this style of bet is said to have “covered the spread.”
When you go to make a spread bet, you will notice that there are American-style odds alongside the spread itself. These work the same way as for moneylines, but the numbers should be identical or not too far apart because the point of having a spread is to equalize the odds. If it’s truly even with the spread, then typically both sides will be listed as -110. The reason it’s not +100 on each side is the premium that SBK charges in order to turn a profit.
Another common sports bet that you’ll see on SBK is the totals bet. The totals bet is a wager on the combined point total of the two teams in their contest. This bet’s outcome doesn’t depend in any way on which team wins, only their combined offensive performance.
For a totals bet, you’ll be given a line, such as 48.5. This will often end in a half point, though round numbers are possible too and allow the possibility of a tie. You will then decide whether you think the actual total will be above or below the estimate. For this reason, totals bets are colloquially known as “the over/under“.
Like spread bets, totals bets come with a moneyline payout ratio. For the main totals line, these will be close to balanced, usually -110 on both sides. You can also bet alternative totals, with better or worse payouts depending on the number you’re trying to hit.
Futures bets are wagers about events far in the future. They are usually bets about which team will win a season championship, whether a team will make the playoffs, or which player will win a given award.
Because they involve the entire league, rather than a single match, most future bets have more than two options to choose from. That also means that most of the odds will be positive numbers. For instance, even the very best team in a league might only be 25% to win the championship, which would translate to odds of around +300.
SBK and other sportsbooks typically list futures in the moneyline format. Positive moneyline odds can simply be divided by 100 to get your straight odds.
Proposition bets or “props” are wagers on aspects of a game other than its final outcome or points total. They could be bets on just a certain portion of a game, the performance of one team or player, or statistics other than the score. Live in-play betting tends to involve a lot of props.
Outside of the sportsbook context, you’ll also hear the term “prop bet” used for any bet not related to sports or traditional gambling activities, for instance a weight loss bet, or guessing the total bill at a restaurant. Here, however, you’ll be predicting things like a player’s total rushing yards, or the game’s highest-scoring quarter.
Parlays are a single bet that combines many individual wagers. In order to create a parlay, you’ll choose several bets and then decide how to combine them. SBK will tell you what the aggregate payout will be for the bets and style of parlay you’ve chosen.
Each bet in a parlay is known as a “leg.” As you add legs to your parlay, the odds of winning will get slimmer but the potential payout will increase. This is assuming that you’re looking at betting a straight parlay, in which every leg has to be a winner for the bet as a whole to win.
It’s not uncommon to see recreational players betting parlays with 10 legs or more. Such bets offer payouts that are orders of magnitude higher than individual bets, allowing the chance to win large sums on a tiny wager. However, because they are so unlikely to pay out, parlays are usually one of the top profit centers for sportsbooks and not typically a good investment.
As a middle ground between single bets and straight parlays, you can choose various kinds of round robins. For instance, you can pick four bets and wager on getting at least three of them correct. In effect, such a bet is actually four separate straight parlays, one each on every combination of three bets out of the four you chose.
SBK has options for betting on most major sports in the world. Obviously, the big three are here (football, baseball and basketball), but you can find almost any sport to bet on. Sports on SBK include:
The SBK app is a traditional sportsbook from a nontraditional company. As a result, there are some great things going on with the app that you cannot find elsewhere.
The first advantage that SBK has over the competition is its ability to display the competition’s odds against its own. Sportsbooks don’t usually make a habit of showing how their odds stack up against their rivals, but SBK feels that its lines will be competitive, and wants you to be able to do some comparative shopping.
Using the same technology Smarkets uses for its betting exchange, SBK can nail down exactly what odds are available for each particular game. In other words, you’ll know where the best odds are, and usually, they’ll be on SBK.
SBK is the product of some very smart and technologically adept people. The entire Smarkets company is not much more than a decade old, and it’s clearly a product of the internet age.
The app’s design features are very slick and easy on the eyes. There is nothing but smooth sailing when it comes to navigating around the SBK app.
Of course, no product is perfect and there will always be room for improvement. SBK has a couple of areas that it should consider addressing.
The first thing that SBK needs to improve is the site’s descriptions of its various products and rules. In many cases, the company has relied upon a more sales-oriented style of copy to introduce itself to new players.
The problem is that it’s hard to understand what SBK does. For instance, it’s easy to get the impression that SBK is a mobile, US version of Smarkets’ international exchange, when in fact it is a conventional sportsbook.
Along with the lack of clarity in its documentation, SBK also suffers from a steep learning curve. Its slick design is great, but although navigation is smooth, it’s not always obvious where you need to go to find what you’re looking for.
For example, the help section of the app is a tangled web of questions and links that can be quite hard to manage. It feels more like an ad hoc blog than a structured reference manual.
Smarkets began as the brainchild of a group of English developers who sought to use financial trading ideas in the sports betting arena. Development on the product began in 2008, and the product debuted to the public two years later.
Initially, Smarkets was not a traditional bookmaker, but rather a betting exchange.
Instead of players betting against the house, they would set their own odds and bet against one another. Generally speaking, Smarkets’ only role was to facilitate the wagers and collect a commission on the transaction.
This exchange product has proven incredibly popular in European markets. However, in order to compete more directly with its sportsbook rivals, Smarkets unveiled a traditional sports betting app in 2019.
The app, branded as SBK, is a straightforward sportsbook with one major twist. Because Smarkets has a real-time understanding of the market price for various odds, thanks to its peer-to-peer exchange, it offers players the opportunity to compare its odds prices with those at leading sportsbooks.
To launch its SBK Sportsbook in the US, Smarkets has partnered with casino operator Full House Resorts. That relationship links SBK to two states with legal sports betting.
SBK first debuted in the US in Colorado in June 2020. The sportsbook gained access to the Centennial State via a partnership with Bronco Billy’s Casino, which is owned by Full House Resorts, in the town of Cripple Creek.
The other likely location for an SBK app debut is in Indiana. Smarkets announced its plans to develop in the Hoosier State in September 2019, though the Colorado debut ended up arriving first.
If you’re interested in the SBK app, you may still have a few questions on your mind. Consult the list below and see if we answered your concern.
In what states is SBK active?
SBK is available in Colorado. Based upon its US partnership, there could also be a debut in Indiana in the near future.
Do I have to be a resident of one of those states to place a bet?
Not at all. You need only be above the state’s gambling age for sports betting and be inside the state lines to place a wager.
Can I place a bet from outside one of those states?
No. Even if you are a resident of the state, you cannot wager on SBK from outside the borders. Physical location is all that matters when it comes to state-by-state gambling laws.
What age must you be in order to place a sports bet on SBK?
The required age is dependent on the state rules, but in Colorado or Indiana, you would need to be 21 or older to play.
How can I withdraw my money from SBK?
In general, you can use the same methods to withdraw as you used to deposit, so withdrawal methods could include:
However, make sure to check with your bank to confirm that you can make a withdrawal with one of these methods.
Can I play casino games on SBK?
No. SBK is only designed as a sportsbook app, and online casino gambling is illegal in both Colorado and Indiana.