Skybook Sportsbook
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- SkyBook.ag / Year established: 1998 / Mobile version: yes / Jurisdiction: Costa Rica / Overall rating: B- / Recommended: For recreational players.
Skybook Sportsbook Review
NSAwins.com's Skybook Sportsbook review and company information including bonuses, promos, skybook odds, email, phone number and articles.
Skybook Reputation
One of the big reasons for the Skybook buyout is due to the sportsbook’s insolvency and financial difficulties from 2008-2010. Skybook became completely unable to pay its players or marketing partners, and selling off its assets became the struggling brand’s only option. Although Bet Phoenix is a reputable sportsbook, all eyes are on them to see how they handle this acquisition and how they treat transitioned players and marketing partners.
Skybook Poker & Casino
Skybook $$$ / Security
Skybook.com ran into severe insolvency issues which resulted in many of its players not being paid, and most notable online sports betting forums light up with angry posts. Although Skybook was at one point a well regarded sportsbook, it quickly lost all credibility when it began to default on payments to it’s advertisers. Bettors are advised to contact Bet Phoenix.
Skybook Deposit Options
Refer to Bet Phoenix Review for details on Deposit Options
Skybook Withdrawal Options
Refer to Bet Phoenix Review for details on Withdrawal Options
Skybook Customer Service
Refer to BetPhoenix Review for details on Customer Service
Skybook Software / Website
Betting at online sportsbooks is becoming increasingly popular because they remove the need to travel all the way to brick-and-mortar betting facilities. But betting online is different from traditional sports betting and some basic information about the inner workings of an online sportsbook and how to bet online will be of great help to beginners.
Inner Working of a Sportsbook
Bookmakers create a market for sports betting by accepting bets that a sports team will either win or lose and maintaining point spreads that ensures profit irrespective of the outcomes of the match.
Sportsbooks make money by charging “vigorish,” also referred to as “juice” or “vig,” comprising a percentage of bettors’ wagers for handling the risks of accepting all the bets. Since sportsbooks are interested only in the vig, they are least bothered about the outcomes of a sports event. For this reason, sportsbooks create money lines and point spreads to encourage equal betting activity on both teams. Irrespective of what the best sports picks say, the point spread somehow makes sure that bettors bet an equal amount of cash on both the teams. Since sportsbooks generally charge 10 percent vig, players will get only 190 percent of their bets if they win.
Skybook Sportsbook
For instance, if Bettor A wagers $100 on Team X and Bettor B wagers $100 on Team Y, sportsbooks are happy. If Team X wins, they will reward Bettor A with the $100 lost by the Bettor B, but they will keep a percentage of Bettor B’s losses as their vig. As a result, Bettor A will get his original bet of $100 plus $90 of the bet lost by Bettor B while the sportsbook will retain $10 for handling all the wagers.
Skybook Sportsbook Review
How to Bet
Now that bettors know about the inner workings of an online sportsbook, they will be all the more eager to place their bets online.
Getting started at an online sportsbook is incredibly easy. First, bettors have to find a licensed and regulated online bookie, which offers the best odds on the widest range of betting markets possible. Second, they must register a real money account, visit the Cashier section, and make a deposit using any of the listed payment methods. The Cashier of an online sportsbook handles all the financial transactions, including deposits and withdrawals.
Skybook Sportsbook Review
While players have to visit the Cashier to fund their accounts, they cannot wager on sports events there. Players who are ready for sports betting must visit the sportsbook’s betting section, where they can place any type of bet on any sports event covered by the online sportsbooks. If players win their bets, the winnings will be credited directly to their online sportsbook accounts. If players want to withdraw their winnings to their bank accounts or credit cards, they can do so from the Cashier.
Betting at online bookies is not only quick and secure, but also fun. Online sportsbooks not only welcome new bettors with sign-up bonuses in the form of free bets, but also run plenty of thrilling promotions.