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Last reviewed 20 October 2026. Licence details checked on the Gambling Commission public register. Offer, payment and safer gambling details checked on Stakemate’s own promotions page and Terms and Conditions (version 1.1.0, effective 29 June 2026).
Quick verdict
Stakemate is a social betting app built around group bets with friends. Its terms are unusually transparent on things many operators bury – a £5 minimum deposit and withdrawal, a £20,000 daily maximum winnings cap, and a “medium protection” rating for customer funds. The welcome offer is £20 in free bets for a £10 bet, but the free bets themselves need at least three selections at combined odds of 3.0 or more, which makes them harder to win with than a plain single. Withdrawals to cards are slow (normally 4–6 working days for bank clearance). It may suit groups who want to bet together; solo bettors will find more conventional apps elsewhere.
Stakemate at a glance
| Licensed company | Bet Theory (Malta) Limited, trading as Stakemate – Gambling Commission account 66151; remote betting licence active (start date on the register 2 May 2025); www.stakemate.com listed as an active domain. Stakemate’s terms confirm the same account number. Register checked 20 October 2026. |
|---|---|
| Note on licence | An earlier company, Bet Theory UK Ltd (60991), is on the register with its licences surrendered and stakemate.com marked inactive. |
| Launch year | Not verified, so not stated. |
| Payment methods | Stakemate’s terms say accepted methods are set out in the app’s Deposits and Withdrawals screen; we couldn’t view it. Revolut deposits are excluded from the welcome offers. |
| Minimum deposit | £5 (terms, clause 6.4). |
| Withdrawal times | Minimum £5 (lower balances can be withdrawn by contacting support). Card withdrawals are subject to the issuing bank’s clearance period, “normally 4 – 6 working days”; online payment services “normally same day” (clause 12.4). |
| App | Yes – Stakemate is app-based; its terms refer throughout to the Mobile Application. |
| Live streaming | Not verified. |
| Cash out | Not verified as a feature (offer terms say cashed-out bets don’t qualify, implying it exists). |
| Bet builder | Not verified. |
| Customer support | Email support@stakemate.com; help centre at stakemate.zendesk.com. |
Stakemate sign up offer (checked 20 October 2026)
New customers. Opt in. Place a £10 bet at odds 1/1+; must settle before offer ends 1 Dec 2026. 4 x £5 Free Bets, each needs 3+ selections at total odds 3.0+. Free Bet expiry shown on token. Stake not returned. Revolut deposits excluded. No cash-outs.
Low minimum qualifying stake and any market counts.
Full T&Cs
Opt in; new customers without an existing Stakemate account. Place a £10 bet on any market at minimum odds of 1/1 (2.0); it must settle before the offer expires; cashed-out bets do not count. Offer expires midnight 01/12/2026. 4 x £5 Free Bets credited within 24 hours of settlement; each requires min 3 selections and 3.0 odds. Returns exclude Free Bet stake. Free Bet expiry date shown on the token in the app. Deposits via Revolut do not qualify. Stakemate Sportsbook General Promotion Terms apply.
Stakemate’s promotions page lists a Sportsbook Welcome Promotion: Bet £10 get £20. Its terms, quoted or closely paraphrased:
- You must opt in and be a new customer without an existing Stakemate account.
- Place a £10 bet on any market at minimum odds of 1/1 (2.0). The qualifying bet must settle before the offer expires; cashed-out bets don’t count.
- This offer expires at midnight on 01/12/2026.
- Free bets are credited within 24 hours of the qualifying bet settling, as 4 x £5 free bets.
- The free bets require a minimum of 3 selections and 3.0 odds. Returns exclude the free bet stake.
- Free bet expiry applies – check the expiry date on the token in the app.
- Deposits made using Revolut do not qualify.
The three-selection rule matters. A multiple at 3.0 or more is less likely to win than a single at evens, so the expected value of these tokens is lower than the headline £20 suggests. Read how free bets work on minimum odds and stake-not-returned. Stakemate’s general terms (clause 8.2) also say that, unless a promotion states otherwise, a free bet stake “must be gambled before being withdrawn” – that describes the token, not your winnings, but our guide to wagering requirements explains the difference. See other offers on our free bets page.
Stakemate’s promotions page also lists a casino welcome offer for selected customers only; casino offers are outside this sportsbook review.
Offers for existing customers
Stakemate’s promotions page lists, among others:
- Refer a friend: when a referred friend places a £10+ bet at 2.0+ and it settles, you both get a £5 free bet (3 selections, 3.0+ odds), credited within 72 hours. Stakemate says it will withhold rewards where accounts appear connected.
- Bet Rewards Club: a points-based loyalty scheme being released to a limited group of customers. Points are earned on real-money bets at 2.0+; reward free bets need 2 selections at 2.0+, expire after 7 days and carry no wagering requirement on winnings. Customers may be placed on different “Tracks” with different thresholds.
- Daily Prize Draw: free to enter once you have made at least one deposit; prizes may include free bets, cash, free spins or nothing.
- Bet Boosts, available to eligible customers with maximum stakes.
Loyalty schemes with levels and badges are designed to keep you betting. Stakemate’s own terms say it may stop crediting rewards where continuing isn’t consistent with keeping your gambling safe – a reminder that the reward is never a reason to bet.
Sports and markets
Stakemate’s terms and betting rules cover sports betting and group bets; we couldn’t verify the list of sports or markets in the app.
Odds and features
Group bets
Stakemate describes itself as “a social betting app”. Some promotions offer free group bets, which need at least one other member of your group to place the bet. Its terms warn that an accepted bet can be voided because of another customer’s actions under the group bet rules. If you bet with friends, agree stakes in advance and keep them within each person’s own budget.
Bet builders and accas
We couldn’t confirm a bet builder on an official Stakemate page. See our bet builder guide and acca insurance explainer for how these products generally work.
Maximum winnings
Clause 9.4 caps sports betting winnings at £20,000 per calendar day per account, regardless of stake. Larger operators often have higher limits, so this is worth knowing if you place bigger bets.
The Stakemate app
Stakemate is mobile-first: deposits are made from the Wallet Balance in the app header, and withdrawals from the app’s Withdrawal section. We did not test the app for this review.
Payments and Stakemate withdrawal times
From Stakemate’s terms:
- Minimum deposit £5; Stakemate doesn’t charge for deposits.
- Standard minimum withdrawal £5 – if your balance is lower, contact support to withdraw it.
- Card withdrawals are subject to the bank’s clearance period, normally 4–6 working days; online payment services normally same day.
- A closed-loop system: you must withdraw back to a method until its net deposits are cleared before withdrawing to a new one.
- Accounts inactive for 12 months are treated as dormant; if funds can’t be returned, a £5 monthly fee applies.
- Customer funds are held separately and rated “medium protection” in the event of insolvency.
The specific payment methods are only shown in the app. If you want an e-wallet, see our list of betting sites that accept PayPal.
Safer gambling tools at Stakemate
Stakemate’s terms (clause 23) describe: daily, weekly or monthly deposit limits; a maximum stake per bet; time-outs of 24 hours or one to six weeks; and self-exclusion from six months up to five years, from the Account Screen or by email. It also supports GamStop.
Whichever bookmaker you use, set a deposit limit before your first deposit (licensed operators must prompt you to), decide your budget in advance and never chase losses. GamStop lets you self-exclude from all online gambling sites licensed in Great Britain for free at gamstop.co.uk, and many banks let you block gambling transactions. The National Gambling Helpline (0808 8020 133) is free, confidential and open 24 hours a day. See our responsible gambling page for more.
Pros and cons
What we found positive
- Detailed, plain-English terms covering withdrawals, funds protection and limits.
- £5 minimum deposit and withdrawal.
- A clear set of safer gambling tools, including a per-bet maximum stake.
What to be aware of
- Welcome free bets need 3+ selections at 3.0+ odds.
- Card withdrawals normally take 4–6 working days to clear.
- £20,000 daily maximum winnings.
- Support is by email and help centre; no live chat or phone found in the terms.
- Loyalty and group mechanics can encourage frequent betting.
Frequently asked questions
Is Stakemate legit?
Stakemate is run by Bet Theory (Malta) Limited, which holds an active remote betting licence from the Gambling Commission (account 66151). Stakemate’s own terms state the same account number (checked 20 October 2026).
What is the Stakemate sign up offer?
Bet £10 at odds of 1/1 or more and receive 4 x £5 free bets, which each need at least 3 selections and 3.0 odds. Opt-in required, Revolut deposits excluded, and the offer runs until midnight on 1 December 2026.
What is the Stakemate withdrawal time?
Stakemate’s terms say card withdrawals normally clear in 4–6 working days and online payment services normally the same day. The minimum withdrawal is £5.
What is the Stakemate minimum deposit?
£5.
How do I contact Stakemate?
By email at support@stakemate.com, or via its help centre.
Sources checked
All sources below were checked on 20 October 2026. Where a fact could not be confirmed on an official source, we have said so or left it out.
- Gambling Commission register – Bet Theory (Malta) Limited (66151)
- Gambling Commission register – Bet Theory UK Ltd (60991)
- Stakemate – Promotions
- Stakemate – Terms & Conditions (v1.1.0, effective 29/06/2026)
- Stakemate – Help centre
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18+ only. Please gamble responsibly. For free, confidential support visit BeGambleAware.org or call the National Gambling Helpline on 0808 8020 133.