Sky Bet changing its deposit limits
Limits are changing from gross to net, with rolling time periods to be scrapped.
UK operator and Flutter-owned Sky Bet is changing the way in which deposit limits work for players on its platform.
This latest change from the sports betting brand will mean players are allowed to deposit any winnings they withdraw to be deposited into their account without affecting the deposit limit set for a chosen period.
An example Sky Bet provided was if your deposit limit for the month was £20 ($25.44) and the account balance rose to £50 owing to wins during the month, a player may then decide to withdraw all £50, and previously you would not have been able to make a new deposit in the same month; but with this latest change, a player could, if they wanted to, deposit £50 back into their account.
There is definitely a convenience to this change for players, although it must be pointed out that, in terms of responsible gambling, it does encourage a greater level of gambling. But not a greater level of loss…
Sky Bet will no longer have rolling deposit limits, either, and instead there will be time periods based on whether a person’s deposit limit is monthly, weekly or daily.
On the Sky Bet website and app, there is a tool that can help players see how much they have deposited and withdrawn, how much of their limit is remaining and when their limit will reset.
In recent weeks, Sky Bet also unveiled a new game with Incentive Games called Match 5, which gives players a chance of potentially earning free bets.
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