Last Updated: 1 March 2023, Author: AceOdds.com
Deposit as little as £5 from your Debit Card instantly, or use Google and Apple Pay from your mobile or tablet. Store up to 3 cards.
If you're new to Sky Bet, take advantage of their new customer sign up offer that doesn't require any deposit to be made. Sky Bet asks you to add card details and make a deposit during the account creation, which can be as low as £5. Since other online platforms do not ask for funds to be added, it's worth noting.
Should your bets come in, be sure to read our article on withdrawing funds from your Sky Bet account.
Sky Bet will now have your Debit Card details stored and your initial deposit, so you are all ready to start selecting markets on which to bet. You can use the Quick Deposit method using your saved card when you deposit subsequent funds.
Any other cards stored on Sky Bet in the future will be listed, so you can select the right card from the dropdown and make a speedy deposit.
Sky Bet only accept deposits made online via Debit Card. If you use their app on your mobile or tablet, you can also use Apple Pay or Google Pay to deposit funds.
Although there's the option to add multiple cards, always remember the closed-loop policy, which will require you to make your withdrawal via the same method you deposited funds, at least to the amount deposited.
Debit Card, Visa, MasterCard, Maestro, Electron
The only deposit method accepted online. Instantly deposit a minimum of £5 into your account, with a maximum set by your bank.
Sky Bet accept Debit Card payments powered by Visa, MasterCard and Maestro, so there is some flexibility if you have Debit Cards across multiple accounts. However, this is the only flexibility provided when depositing funds into your account via the desktop site.
On the plus side, Sky Bet have a low minimum deposit amount of £5, and they state no maximum deposit limit.
Only when using your Apple or Android products. A minimum deposit of £5 is available instantly.
Even if you're a Mac user with Apple Pay on your Macbook, you can only use Apple Pay from the Sky Bet app. Great if you're on the go, but limiting when online. This same rule applies to Google Pay.
As with Debit Cards, Sky Bet hasn't specified a maximum deposit. Instead, this is determined by your bank and card limits.
The Account icon highlighted above, and your available balance will appear on every screen. To deposit funds, click on the icon, and you'll be taken straight to the Quick Deposit method.
With the Quick Deposit method, you can choose from any of your stored Debit Cards, enter the amount and the card's security number and instantly top up your balance.
Alternatively, you can click on the Deposit icon to add a new Debit Card.
As with the other online betting sites, Sky Bet encourage responsible and safer gambling and gives you the option to set deposit limits when you create your account. However, it's optional and can also be removed.
When you choose to deposit more funds into your account, you'll find the Safer Gambling section options, and you can choose from the three features.
With the Deposit Limits feature, you can set a daily, weekly or monthly limit ranging from £5 to £5000. Any increase in your deposit limit will take 24 hours to take effect. Sky Bet allows bet stakes as low as 5p to help you manage your funds.
The Profit and Loss feature isn't a tool in the sense that you can set a limit. However, it will give you a clear picture of what you've spent on stakes and what you've received as a return. This stops you from losing sight of what you're spending and makes you think about how your bets are panning out for you.
When you click on the 'View all our tools' icon, you'll find the additional safety measures Sky Bet have in place for you. These include the Self Exclusion and Cool Off features, where you can prevent yourself from placing any new bets for one day to five years and the Reality Check feature, which will pop up and alert you when you've been on Sky Bet and their games for a certain amount of time, from every twenty minutes, up to two hours.
Although Sky Bet hasn't imposed a deposit limit via the three accepted methods (Debit Card, Apple Pay, and Google Pay), those options are likely to impose their own limits.
Your options for depositing are limited, forcing you to stick to a lower minimum or make multiple small deposits to get the balance where you need it. This is only likely to impact those betting big or as part of a syndicate. Those that have the odd punt once a week aren't likely to be affected.
It's hard to say how impacted you will be by the limited deposit methods Sky Bet has to offer since they don't advise any maximum deposit limits themselves. However, if you like to have your money in pots and e-wallets, this will impact you.
Sky Bet isn't alone in its approach to caution, allowing only deposit methods they believe to be the most secure for all parties.
Cards can be added, edited and removed from the My Account section.