Is skybet an honest company?

Have others had bad experiences with skybet confiscating funds on the grounds that someone else funded an account?

had three accounts with skybet
one in my own name, got restricted, so was only playing poker for about  year,
got account frozen and was asked to send documents,
only had £3.86 in account, so did not bother.
got a mates account, he must have done his absolute bo$$olks,
i was given a free £5 bet every week, got a good run,
was restriced plus my mate was a bit hooky, so withdrew funds,
lucky to get paid, not by skybet but by my mate.
third account, got it two weeks ago,
this guy lost but not a lot,
as i now restricted after six bets

tell them that u r not sending your bank statement because you have been a victim of fraud.
you are willing u send documents to prove who you are,#
and if you want to withdraw money and they say no,
tell them you are going to the police to report them

ps i do not believe they can demand your bank statements,
you can send a bank statement to prove who u r,
but delete any transfers and incoming,
just leave your name

Nor sure precisely what the problem is.

Is the account in your name and did you deposit with someone else's card?

if so you're in breach

9.3 When using a debit card, credit card or online payment service, You must make sure that the name on the card or payment service is the same as the name used for Your Account. We are entitled to assume that You are using Your own funds and we accept no liability where that is not the case. We reserve the right to void any bets and withhold any winnings placed with third party funds.

but probably an unfair term and (if a one-off) you could threaten court action.

If you deposited with your own card, just blank out all statement info except the relevant deposit. If they give you grief tell them they have 30 days to pay or you will go to small claims court.

If the account is in someone else's name and their card, then you need to persuade them to provide the info.

If someone else's name and your card, then you would have get them to take action.

btw if you have been buying accounts to get round restrictions then you might be best to suck up the loss.

A friend has been placing bets there in their own name using their own debit card..but it is someone i gave a loan to and sky are demanding to see their bank account just prior to them depositing there to see the source of the funds. They have sent proof of id and address...not good enough...sky insists on seeing the full unedited bank statement. If that is sent and they see my loan on it (a transfer) and i have been banned from betting at sky in my name...what will happen to my friend's bets and winnings?

btw here is an extract from stars help pages

Transfer feature is intended to help players fund their accounts so that they can play at our tables.
You are able to transfer funds from winnings, but for security reasons, players are unable to transfer funds originating directly from deposits or other transfers.
All transfers are subject to review before they can be approved.
If you wish to stake other players without playing at the tables yourself, we recommend that you send funds to these players using a money transfer service outside of our site.


Note the bolded para.

Download Adobe PDF Editor I think it's around £19.99 for a lifetime account and scan the bank statement in and edit your name out for another one or even a company name

not only will they withold the winnings but also the oringal stake.
if they were forced to pay back money if you could prove if was funded by a third party,
it would be as big as PPI.
had a bet lately, not your money,
you could be will elidgable for a refund,
plz phone this number......

when they ask for bank statements and christ only knows what else,just take them to small claims court,up to 10 grand cost you aprox 80 pounds,they pay with no probs--and you get the fee back.

yes, to try and get people to lose their money,
but like all firms if you show a sign of that u know what u r doing, u r quickly restricted

There was B365 case where the source of funds wasn't disputed as coming from a third party.  The returns came to close to £1m.  The case was due to go to court, but shortly before it did, AFAIK, Bet365 settled.

So unless it goes to court the answer is unknown, but the likelihood is, it would be deemed in court that they can't.  They are banking on the account holder not taking them to court, which in all probability, if they are correct, they won't.

Restricted accounts?

What were they doing betting with bookies when the odds are better on here, and knowing that their accounts would be restricted should they win?

Pinch of salt.

The odds are better on here most of the time but often there is little liquidity or no liquidity, often the market might not be offered, or if it is no one is willing to provide it, and sometimes the exchanges are not best price.  Often it's a good idea to take the slightly lower price with some bookies, and then bet it on here afterwards.  And if there is good liquidity for a change, then you have to take a step back and ask why, and then if you are still confident, consider the cyclical effects of the premium charge, meaning it's preferable to back it at a slightly lower price elsewhere to avoid that. 

One could just stick wuith the simple message "What were they doing betting with bookies when the odds are better on here
"  After all simple messages resonate more, despite being meaningless without good knowledge, and is why as a nation have been fooled into voting for BREXIT.

Back to why I don't think it's necessary to restrict accounts, and just concentrate on the price.  First, is because good prices are likely to get taken anyway.  Second, is the bookies have an advantage over players betting on here as they know who's taking their odds and can act accordingly.  Third, is because in most cases they control their prices and have the technology to cut prices instantly after a bet is struck.  Fourth it saves money and resources that go into selecting accounts.  Fifth it avoids bad publicity.

The one area where I see potential issues are where they don't control the prices.  IE when they are taking racecourse shows for horse racing and dog racing.  But they've always had that problem anyway and certainly do shorten horses SP on occasions.  There are also potential issues with bad ew multiples on the horses.  It may well be that traditional ew bets get mothballed for win and place betting in the future.

About time a few more took a pinnacle style model.

Arbing welcome.

Trust your odds to an extent.

A breath of fresh air.

SKYBET are absolute scum.......gave them driving license, passport, utility bill. two bank statements and still won't pay out after accepting 60 bets.....how are these thieves getting away with it?

A friend of mine had 2 bets then was restricted.First bet lost at even money.The 2nd bet he took 9/4 but the horse eventually went off at 7/4 and won.
This was enough for them and they restricted his account to betting pennies.