SportsBroker Sign Up Offer: Get Up to £20 in Free Bets

SportsBroker was co-founded in 2019 by James Dulieu, who is currently also the CEO. Based in Yorkshire, it introduces a totally new form of online sports betting and holds a licence from the UKGC – the UK Gambling Commission.  

SportsBroker Sign Up Offer Explained in Detail

If you want to start life out at a new sports betting site with twice the betting funds that you deposited, the SportsBroker welcome offer will allow you to do just that. 

Whatever you deposit first up will be doubled – up to £20 in bonus funds – giving you more cash and more chances to begin your experience here on the front foot. 

How to Claim the SportsBroker Sign Up Offer

Here are the all-important steps that allow you to claim the SportsBroker sign up offer. 

Download the app 

In order to play at SportsBroker, you’ll need to do everything via their app so begin by downloading it. 

Register an account 

Click on any ‘Join Here’ button on the app and register your account. You’ll need to supply personal details such as your name, date of birth, email address, postal address and phone number, plus a unique username and password. 

Pass Your Know Your Customer (KYC) Check 

SportsBroker uses TransUnion’s third-party software for their (KYC) account verification. The process involves providing documents such as a passport, driver’s licence and utility bill that confirm details such as your name, date of birth and postal address. 

You may be allowed to play before passing your KYC check but you won't be allowed to withdraw any money until you do so. So if you’re concerned about the SportsBroker withdrawal time when wanting to get your money out for the first time, we recommend passing your KYC check as soon as you sign up. 

Make a deposit 

Head to the ‘Cashier’ and make a deposit of at least £10 using a Visa or Mastercard debit card, as these are currently the only two available depositing methods. 

Get your bonus  

The 100% bonus will be credited to your account shortly after making your deposit; it will be for the same amount you deposited, up to £20. No SportsBroker bonus code needs to be entered to get the bonus. 

Place your bets 

Place bets on any football matches of your choice using either your own money or the welcome bonus funds.

Meet the wagering requirements 

You need to place a minimum of ten times the value of your bonus funds (10x wagering requirements) before you can withdraw the bonus funds and any winnings from them. 

SportsBroker Sign-Up Offer Key Terms and Conditions

Let’s look at the key terms and conditions of the SportsBroker new customer offer that you’ll need to be aware of in order to make the most out of your bonus and convert it into potentially withdrawable cash. 

• To be eligible for the offer, customers need to a) Be 18 or older b) Be residents in Great Britain c) Have registered and deposited via the SportsBroker app. 
• This offer is valid between 7 February- 30 April 2024. 
• Customers will need to deposit at least £10 to be eligible for the bonus with the bonus capped at a maximum of £20.
• The bonus funds have wagering requirements of 10x before you can withdraw them. Bets used to clear the wagering requirements are known as ‘Qualifying Bets’. Qualifying bets can be placed using funds from your Deposit Balance, Bonus Funds, or a mix of both. When placing bets, funds from your Bonus Balance will be used before funds from your Deposit Balance are used. When you’ve met the 10x wagering requirements, funds from your Bonus Balance will be automatically transferred to your Deposit Balance and you can then withdraw them whenever you wish. 
• Where a bet is placed with your Bonus Balance and wins - where the proceeds are greater than your stake - the stake will stay in your Bonus Balance. Where a bet is placed with your Bonus Balance but loses, - where proceeds are less than the stake wagered - the stake will be deducted from your Bonus Balance. 
• From the day the bonus is awarded, you have 30 days to use it and meet the necessary wagering requirements. If you don’t do it within the 30–day period, your full Bonus Balance will be taken away. 

Does SportsBroker Offer a Bonus Code?

No, you don’t need to enter a SportsBroker promo code at any stage. 

How Does The SportsBroker New Customer Offer Compare with Competitors?

So now that you’re up to speed with all the elements of the SportsBroker welcome offer, it’s time to see how it compares to what you get when signing up at other betting sites.  

On Which Sports Can You Apply The SportsBroker Welcome Offer?  

First up, SportsBroker is mostly a football-only betting site where you can bet on matches from the following competitions:

• Premier League
• Championship
• Champions League
• Europa League
• FA Cup
• MLS
• J1 League
• Eliteserien
• Euros
• Internationals
• NFL (American Football)

Note the addition of the NFL at the end of this list, which is the only sport other than football that is eligible for your SportsBroker welcome bonus. 

How Does SportsBroker Work?

Now is the time in this SportsBroker review to explain how it all works, which is completely unique to how you place bets at most other sports betting sites. 

First of all, you’ll quickly see that there is no such thing as betting odds at SportsBroker.

Instead, you’re focussing on: 

• Picking a team you think will win their next match;
• Whether that team will dominate the game from a stats point of view irrespective of the result;
• How popular that team is with other SportsBroker customers. 

Pools Betting - Supply and Demand 

SportsBroker uses a variation of the old-school method of ‘pools betting’, which has been around in the UK for almost 150 years. 

• You’ll need to either pick Team A or Team B to win the match; you can’t bet on the draw. All the money bet on a particular team is ‘pooled’ together with the money from everyone else who also bet on that team. SportsBroker doesn’t offer live betting, only pre-match. 
• If your team wins the match, you win a proportional share of 70% of the losing team’s pool. If your team loses, you’ll lose 70% of your stake. 
• How much you win or lose depends on the size of your original stake and the pool sizes for both teams, plus the game’s stats, as explained below. 
• Stats by Opta and SportsRadar on stats such as shots on target, possession and corners are then applied, with points allocated to both teams based on how each team performed. 

Extra Winnings and Reduced Losses 

• Match performance stats are converted into positive or negative points, enabling you to win an extra 30% of the opposition team’s pool or to recover up to 30% of your losses.
• If the game’s stats are in your team’s favour, it’s possible to win a game and 100% of your opponent's pool. Alternatively, if your team loses but dominates from a stats perspective, you lose just 40% of your stake.
• If it’s a draw, you can win a maximum of 30% from the opposing team’s pool, or 30% of your own team’s pool, with all this being calculated based on stats. 
• SportsBroker then takes 20% of the total increase in the winning team’s pool as a form of commission, which is how it makes its money.   

Mistakes To Avoid When Claiming the SportsBroker New Customer Offer

As is the case with the welcome offer at all new betting sites, mistakes can cost you your bonus or the chance to withdraw it. Here are the ones to avoid.

• Make sure your first deposit is at least £10.
• The bonus is extra money to play with as you wish. It’s not a SportsBroker free bet so you can use your bonus divided into as many bets as you want, rather than using it all in one go. 
• You need to use the bonus and meet the 10x wagering requirements within 30 days of claiming the bonus.
• Your own money is kept separate from your bonus money and can be withdrawn at any time. All withdrawals take 3-5 business days to be processed so in this regard, it’s not a fast withdrawal site.   

SportsBroker Free Bets and Offers for Existing Customers

SportsBroker doesn’t currently have any betting offers beyond the SportsBroker new customer offer. But that might change so keep an eye on your email or account for news of any SportsBroker free bets that may be available in the future.  

However, if you refer a friend to SportsBroker, both of you will receive £25 in extra bonus funds once the referral is verified. 

SportsBroker Responsible Gambling Features

As is the case with all betting sites we recommend, SportsBroker takes responsible gambling very seriously. Here are a few of the things they allow you to do in order to keep your betting safe and controlled by going to the Safer Gambling part of the SportsBroker Academy.

• Set daily, weekly and monthly deposit limits so you’re not tempted to deposit more than you budgeted for. 
• Take a ‘Time Out’ of between one day and six weeks so you can re-assess whether you wish to carry on playing.
• Self-exclude for between six months and five years; during this period the only thing you can do is withdraw funds. 
• Add Parental controls or block access to SportsBroker (and other gambling sites) on one or more devices. 
• Get links to gambling charities such as Gamblers Anonymous or GambleAware if you feel you need help with your gambling. 

Our Experience Using SportsBroker

SportsBroker is completely different to all other traditional betting sites and is more of a combination of a betting exchange and a pools betting system in that it’s mostly based on the rules of supply and demand, with the kicker being that game stats play a big part in it all. 

I always enjoy trying out new concepts when it comes to betting and in this regard, it’s unique and rewards the innovative, forward-thinking, stats-savvy punter who looks beyond the obvious when it comes to betting on sports. I thought the welcome offer was pretty generous and that the site is well-designed and easy to use. 

To take things to the next level, they could do with adding a couple of extra payment options, maybe providing a couple of extra sports to bet on such as rugby and cricket and offering some tutorial videos on-site to explain how it all works.