Stakemate Sign Up Offer: Bet £10 and Get £20 in Free Bets
Stakemate is operated by Bet Theory (Malta) Limited, a Malta-registered company and in the UK market, it’s registered as Bet Theory UK Ltd, where it holds the UK Gambling Commission license. Stalemate was founded back in 2022 and is an app-only social betting platform.
Stakemate Sign-Up Offer Explained in Detail
The Stakemate Welcome offer is a pretty decent one by today’s standards. And it’s also one of the less complicated ones. All you need to do is place a bet of £10 or more at odds of 2.0 or higher, and you’ll receive 4 x £5 free bets that need to be used as accas, with a minimum of three selections, and minimum odds of 3.0. Like we say, one of the simplest betting offers out there.
#AD 18+ New Customers Only. Place any £10 bet to qualify, min 2.0 (1/1) odds. Qualifying bet must settle, excluding cash outs. Bonus credited with 24hrs of settlement. 4 x £5 free bets. Free bets min 3 selections and 3.0 odds. Returns exclude free bet stake. Expiry applies.Full T&Cs apply.
How to Claim The Stakemate Sign-Up Offer
Keen to claim that Stakemate welcome offer? Sure you are. Here’s what you need to do.
- Download the app - Whether your mobile phone is an Android or iOS phone, it doesn’t matter, as you can download the app on either operating system. Bear in mind that as one of the new betting sites out there, it’s an app-only Sportsbook, so you’re going to have to do everything via the Stakemate app on your phone.
- Open an account - This will involve providing personal details such as your name, home address, email address, and a username and password that will be linked to your account. Now is a good time to pass your Know Your Customer (KYC) test so you can withdraw winnings once you’ve passed it. Alternatively, use open banking API when creating your account, which will do most of the work of providing details for you, and will also assist you considerably when it comes to passing your KYC test.
- Make a deposit - Unfortunately, Google Pay and other e-wallets aren't an option here, so you’ll have to deposit with one of the two methods available, more precisely Visa or Mastercard. When making your deposit, you don’t need to enter a Stakemate bonus code beforehand.
- Place the qualifying bet - Place a bet on any sporting event of your choice for £10 at odds of 2.0 or greater.
- Use your free bets - After settling your qualifying bet, you’ll be awarded 4x £5 free bets. Each free bet must be placed as an acca, made up of at least three selections, with combined odds of 3.0 or higher.
Stakemate Sign Up Offer Key Terms and Conditions
And now let’s have a look at some of the most important terms and conditions that you’ll have to have in mind when claiming the Stakemate new customer offer.
- The offer is only available to new customers who have just opened an account here for the first time.
- Qualifying bets must settle before the offer expires; Cashed-out bets do not count as qualifying bets.
- Free bets will be credited to your account within 24 hours after the qualifying bet settles.
- The welcome offer is awarded to you in the form of 4x £5 Stakemate free bets.
- Each of the free bets needs to be placed as an acca made up of at least three selections from any markets from any sports with the acca as a whole coming to odds of at least 3.0.
- There will be an expiry date by which the free bet tokens must be used. Check the tokens within the app to see what that date is once the free bets have been awarded to you. You’ll need to use the free bets by that date or else they’ll expire and you won’t be able to use them.
- There are no wagering requirements on winnings generated from the free bets but if the free bet wins, only profits generated from the free bet are returned, not the stake itself.
How Does Stakemate’s New Customer Offer Compare with Competitors?
Let’s have a look now at how the Stakemate welcome offer compares to the one available at other bookmakers.
| Bookmaker | Sign Up Offer | Minimum Deposit | Bonus Expiry |
|---|---|---|---|
| Stakemate | Bet £10 and Get £20 in Free Bets | £10 | Check the expiry date on the tokens once the free bets are awarded to you |
| BetVictor | Bet £20 on sports and get £40 in sports and casino free bets | £5 | 7 days after being credited |
| Unibet | Get £40 in free bets when wagering £20 | £20 | 30 days after being credited |
| William Hill | Bet £10 and get £30 in free bets | £10 | 7 days after being credited |
| Sky Bet | Bet 5p or more and get £40 in free bets | £5 | 30 days after being credited |
| Copybet | Bet £20 and get £20 in free bets | £20 | 7 days after being credited |
| Parimatch | Get £20 in free bets and a £10 slot bonus when you place a £10 qualifying bet | £10 | 7 days after the free bet is credited |
| Matchbook | Get up to £100 in free racing bets | £100 | 7 days after being credited |
| Highbet | Get a £20 in free bet when you place a £10 qualifying bet | £10 | 14 days after being credited |
#AD 18+ New Customers Only. Place any £10 bet to qualify, min 2.0 (1/1) odds. Qualifying bet must settle, excluding cash outs. Bonus credited with 24hrs of settlement. 4 x £5 free bets. Free bets min 3 selections and 3.0 odds. Returns exclude free bet stake. Expiry applies.Full T&Cs apply.
Stakemate Key Features: Why Should You Sign Up?
There is no shortage of top-quality Sportsbooks out there, all trying to either be a bit unique or just a bit better than the competition in general. So let’s have a look at what makes Stakemate original and what they do particularly well in the more mainstream areas of a Sportsbook.
Social Betting
This is at the core of what Stakemate is all about: social betting. By that, we mean that the site’s Unique Selling Point (USP) is that it’s perfect as a way for friends to enjoy the thrills, strategy and experience of sports betting as a community. As Stakemate themselves put it on their own app: “share your bets, follow your mates' bets, and build bets together in the first group chat made for betting.”
In other words, the ability to bet with friends in a shared chat environment where you communicate via Stakemate’s app itself isn’t something that’s really been done before and in addition to the fun and communal element, it could actually see customers benefit from their friends’ particular areas of expertise.
For example, when putting a football Bet Builder together, one person may be an expert on goals, another on corners and another on cards, so combined they can create a really good Bet Builder. Or maybe one of your mates is an ace when it comes to live betting and shares their winning tips via the chat, so others can follow them.
Open Banking API has plenty of benefits
Stakemate was the first-ever UK iGaming operator to offer automated account creation through open banking APIs.
What that means is that the betting site, in this case Stakemate, can accelerate the whole sign-up and verification process the moment you make that first deposit because all the info they need is already there based on the transfer you’re making.
The process is called Signup+ and Stakemate has partnered up with TrueLayer, Europe’s leading open banking payments network, to make it all happen, saving you lots of time and hassle when it comes to creating your account.
Fast Withdrawals
Stakemate is a fast withdrawal site, meaning your winnings should be with you within minutes or at the most an hour, rather than taking hours or even days at Sportsbooks that don’t execute accelerated withdrawals.
Is there a Stakemate Mobile App?
We’ve only mentioned it in passing, so now is as good a time as any to emphasise the point that Stakemate is only available via a mobile app, not via desktop or mobile browser. It’s a reflection of the fact that so many punters these days use their mobiles for all their betting that some Sportsbooks aren’t bothering with a desktop version at all.
The importance of all this is that the app must be of the highest quality. And it is.
At the App Store for iPhone, it has a rating of 4.8 based on over 2,000 reviews and at Google Play, it had just a slightly lower score of 4.7 based on 700+ reviews; there have been over 10,000 downloads of it for Android devices.
One reviewer at Google Play summed the app up best when they said:
“The app is overall very good, it sometimes seems a little bit slow when opening occasionally but other than that, it has a good layout, is easy to find what you're looking for, and is straightforward compared to some betting apps, which can be a bit overwhelming.”
So you’re in good hands here. Given that you can only use Stakemate via the app, it's obvious you can claim the welcome offer through it.
Stakemate Responsible Gambling Features
We have to be honest when we say that the potential for not gambling responsibly is arguably more of an issue here than at other betting sites because you may be inclined to place more bets than usual if your friends are doing so, which means that responsible gambling tools are even more critical here than usual.
The ones at Stakemate include:
- Deposit limits: You can set daily, weekly or monthly limits for how much you deposit so you’re not depositing more than you should.
- Stake limits: You can set a maximum amount you’re comfortable staking on a single bet so that weeks of good, safe gambling aren't ruined by one big losing bet.
- Time-outs: If you want a short break, you can suspend your account for 1 day to 6 weeks.
- Self-exclusion: You can exclude your account for a longer term (minimum six months up to five years). During this period, you’ll be blocked from logging in and marketing aimed at you, such as betting offers, will stop being sent to you while you’re self-excluded.
- Integration with national support & tools: They are registered with the UK’s self-exclusion scheme GamCare and BeGambleAware and advise the use of software like Gamban or BetBlocker to block gambling access if needed. One of the benefits of the latter is that minors won’t be able to access the Stakemate app if they were to get hold of your phone. They also provide links to charities that help problem gamblers, such as Gamblers Anonymous, Gamcare, and GambleAware.
Stakemate Customer Service
This is an area of the business where we have mixed feelings.
For starters, you can only contact them via e-mail ([email protected]), so Live Chat and phone support aren’t available.
For what it’s worth, reviews of their Customer Service via email are generally good, with reviewers highlighting relatively quick responses and friendly agents. They also have a decent set of FAQs that might save you time if your question is answered right there and then.
But the lack of a real-time communication method is a concern. Urgent matters, such as being locked out of your account or unable to deposit, do pop up, and at the moment, there’s no real-time way to resolve them as quickly as possible.
Our Experience Using Stakemate
One interesting aspect of the gambling business is that punters engage in sports betting for very different reasons.
If you’re a professional gambler trying to make a living out of betting, which relies entirely on your P&L, then this won’t be the site for you. Their betting odds aren’t quite at the same level as they are at other major betting companies; they also don't offer quite as many sports and niche markets (corners, cards, multi-goalscorers) as some of the big boys in the industry.
Then again, Stakemate wasn’t designed for the pro punter. It’s primarily a social betting app built around sharing tips, insight, observations, and value prices among members of a community, so they get plenty of brownie points for originality.
But there’s more to them than that. Fast withdrawals will please many punters, as will the ability to open an account and pass your KYC verification quicker than at just about any other Sportsbook.
They also score well for taking responsible gambling very seriously and for having one of the best betting apps out there, which you’d expect from an app-only Sportsbook.
Which brings us to the elephant in the room. Whereas most customers won’t mind at all that it’s app-only, some who still prefer desktop betting will see that as a negative and think there are better options out there.