Sky Bet sign up offer: Wager 5p, get a £40 welcome bonus

Sky Bet are one of the biggest online gambling operators in the country with casinos, poker, bingo, sports betting and popular free-to-play games like ITV7 and Super 6 all housed under one roof.It all started with a betting site in 2002, branching out from there. The current Sky Bet sign-up offer features £40 in free bets.The Standard have taken an in-depth look at the Sky Bet new customer offer and the bookmaker as a whole, assessing their promotions, app and payment options to give bettors an overview of what Sky Bet has to offer.Founded: 2002Owners: Flutter EntertainmentSports covered: 41iOS app rating: 4.7 (73,000 reviews)Android app rating: 4.5 (52,500 reviews)Payment methods: Apple Pay, Google Pay, Pay by Bank, debit cardSky Bet sign up offer explainedThe Sky Bet sign up offer is not like any other welcome offer due to the balance between the qualifying wager and the level of free bets that unlocks.New customers who place a first bet of just £0.05 or more, as a single or each-way bet on any Sky Bet market at odds of Evens (1/1) or greater, will receive four £10 free bet tokens. That is £40 in total from an initial 5p.Read MoreBeyond the requirement of bet type and minimum odds, there are very few restrictions on the Sky Bet sign up offer.The qualifying stake is only 5p and is not tied to a specific larger amount. The qualifying bet can be on any market.Previous Sky Bet new customer offers had seen the free bets tied to a specific bet type, but the bonus is now free to be wagered however a bettor wishes.How to claim the Sky Bet sign up offerStep 1: Register a new Sky Bet account using a link on this page. Step 2: Deposit using either a debit card, Pay by Bank or Apple Pay. Step 3: Place a qualifying first bet of £0.05 or more, as a single or each-way bet on any market at odds of Evens (1/1) or greater, within 30 days of registering. Step 4: Once the qualifying bet settles, four £10 free bet tokens are credited. Step 5: Use the free bets on any single or each-way market - excluding virtuals - within 30 days before they expire. Key termsThe Sky Bet welcome offer applies only to new customers aged 18 or over. Any previous Sky Betting and Gaming account of any kind disqualifies a customer from the offer. One offer per customer. Qualifying bet must be the customer's first bet, with a stake of £0.05 or more, at odds of Evens (1/1) or greater, as a single or each-way bet on any market - excluding virtuals - placed within 30 days of registering. Reward is four £10 free bet tokens redeemable against any single or each-way market, excluding virtuals. Free bets are non-withdrawable and stakes are excluded from returns. Free bets expire 30 days after being credited. Neteller and Skrill deposits do not qualify for the Sky Bet welcome offer How the Sky Bet offer compares to other bookmakersBookmakerWelcome offerKey restrictionSky BetPlace any bet (min £0.05), get £40 in free betsSingle or each-way bets only; min odds 1/1; non-withdrawable; 30-day expiry; no Neteller or SkrillBetwayBet £10, get £40 in free betsDebit card only; min odds 4.0 on 4+ leg bet builders and accas; 7-day expiryBet365Bet £10, get £30 in free betsMin odds 1/5; no PayPal or paysafecard; max £30Paddy PowerBet £10, get £5 in free betsMinimum odds £5, free bet valid for 30 daysWilliam HillBet £10, get £30 in free betsMin odds 1/2; debit card only; no e-walletsBetfairBet £10, get £50 in free betsSingle sportsbook bet only; min odds 1/1; usable on bet builders, accas or multis, any sport; 30-day expirySky Bet provides the lowest entry point on the market with their welcome offer and hands out a healthy sum in free bets in return. The Sky Bet sign up offer does require the joint-highest minimum odds for the qualifying offer, level with Betfair, but the lack of major restrictions is notable.Pros and cons of the Sky Bet welcome bonusProsConsLowest qualifying bet of any UK betting site welcome offer£40 total is lower than Betfair, Paddy Power and Betfred30 days to use free betsLimited deposit optionsFree bets can be used on any sport or bet typeNo promo code needed if signing up via an official offer link Sky Bet reviewPromotions for existing customersSky Bet regularly refresh their list of offers. Consistently, they run money back specials that punters can benefit from, as well as bet and get promotions during major events in football or racing.Ghost Leg is an upcoming promotion that will give them an edge over plenty of football betting sites. Punters who place a pre-match BuildABet wager featuring five or more legs and minimum odds of 2/1 or greater will be eligible for the Ghost Leg offer. That means if one leg of the wager lets you down, Sky Bet will remove the leg from the wager and settle the bet as a winner at the price left from the remaining selections combined. AccaFreeze is a long-standing Sky Bet promo that lets a customer freeze one leg of a 5+ leg accumulator when a selection takes the lead. This locks in that leg regardless of the final result. AccaFreeze must be activated before the bet is placed. It can be used three times a week - but only on one leg per bet - on max stakes of £20.Sky Bet Club is an ongoing loyalty programme that rewards customers who wager at least £30 in a week with exclusive offers.Sky Bet appOne of the most used applications on the market, the Sky Bet app is widely regarded as one of the UK’s best betting apps, as evidenced by 4.7 and 4.6 ratings out of five on the Apple App Store and Google Play Store, respectively. All of Sky Bet's core functions and promotions are available in the app, which is very functional and easy to use.It must be said that a recent app update removed horse racing form and tips data that some users relied upon, drawing mixed reviews from customers.Payment methodsPayment methodMinimum depositMinimum WithdrawalWithdrawal speedsDebit card (Visa, Mastercard, Maestro)£5£51-4 hoursRevolut£5£5InstantApple Pay£5£5InstantPay by Bank/Instant Bank Transfer£5£5InstantSky Bet has a minimum deposit and withdrawal of £5 across all of its payment methods. Supported payment methods include debit cards, Apple Pay, Revolut, and Pay by Bank (Instant Bank Transfer).Sky Bet does not accept the e-wallets of PayPal, Skrill or Neteller.There are no fees with Sky Bet for depositing or withdrawing via any of the standard methods listed.Live streamingSky Bet offers live streaming on multiple sports. Customers can log into their Sky Bet account, select a sport from the menu, open an event page and select Watch Live. Most events need a funded account rather than a qualifying bet, though horse racing needs a bet placed.Like most top horse racing betting sites, all UK and Irish race meetings are available to view, along with selected tennis, golf and up to seven sports on a given day. Some live football is also available, although it’s not clear which competitions are covered.Read MoreResponsible gambling at Sky BetAs one of the UK’s leading bookmakers, Sky Bet features the responsible gambling tools for customers that you would expect.There are deposit and loss limits, time-outs, and session time reminders to help with gambling responsibly. There’s also the option of self-exclusion via GAMSTOP, which can be used to block access to all licensed UK betting sites.By using these tools, you can maintain responsible gambling and prevent problem gambling. The Standard’s betting experts also recommend setting a budget, researching bets, and not chasing losses.Betting should only be viewed as a source of entertainment, never as a reliable income.FAQsDoes Sky Bet have a no deposit bonus?The current Sky Bet welcome offer is as close to a no deposit welcome bonus as bettors will find with a £5 minimum deposit and a 5p qualifying bet required.What is the minimum withdrawal at Sky Bet?The minimum withdrawal with Sky Bet is currently £5 across all payment methods. You can check the list of accepted payment methods above.We aim to offer every online gambler and reader of The Standard a safe and fair platform through unbiased reviews and offers from the UK's best online gambling companies.Gambling can be addictive, always play responsibly and only bet what you can afford to lose. Gambling sites have a number of tools to assist you to stay in control, including deposit limits and time outs. If you think you have a problem, advice and support is available for you now from BeGambleAware or Gamcare.Any offers or odds listed in this article are correct at the time of publication but are subject to change. Terms & Conditions apply to all offers.