BetOnline Review

4 / 5 by sportsbetting24.com™
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Customers from USA Accepted

BetOnline – Sports Betting Dedicated for US Players Because They Can

BetOnline steadily became one of the go-to bookmakers for players within the United States in recent years, and some key features separate it from its competitors. As you will find out in the rest of this BetOnline review, they have an advantage over the competition. Compared to Bovada or Bodog, they post their lines and odds a lot earlier for NBA, NFL and MLB games. This gives them quite an edge when it comes to the action-hungry US residents. Offering a complete suite of gambling products such as casino and even a poker room, BetOnline seems like the number one destination for all players within the US and other territories as well.

Overview

BetOnline Bonus Code – New Customer Deal – 50% up to $1,000!

At first glance, the opening offer that BetOnline prepared for their new customers looks like a very generous amount of bonus for these to boost their betting balance and score nice wins. However, a closer look shows that the wagering requirements for the gift received are quite high and the terms and conditions that come with this offer are a bit harsh.

  Bonus Bonus Code
Deposit 1 50% - $1,000 BOL1000
18+, New Customers Only. 

The minimum deposit to qualify for this bonus if $25 which is a low amount for such a good bonus, however, this is probably the only good side you’ll find. To be eligible for the 50% up to $1000 you will need to use the BOL1000 promo code at the moment, you make your first deposit. And here are some of the things you should keep in mind before deciding to claim this bonus or not:

  • Deposits made via Skrill or Neteller do not qualify for the bonus
  • The wagering requirements on the bonus amount go as high as 15 times
  • You can’t ask for a withdrawal in the following 30 days after claiming this bonus
  • Players from Bulgaria, Greece, Russia and Serbia are not eligible for the 50% up to $1000

Signup Bonuses

Bonus Code
BOL1000
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+ Info

BetOnline Bonus System for Existing Players

Being focused on USA and Canada does not mean that BetOnline doesn’t offer good bonuses for their players. As it turns out, the bookmaker knows how to take care of their existing customers as well with some appealing promotions and rewards they can claim on the various gambling products. We’ll be focusing on those bonuses dedicated to the sportsbook section.

$10,000 World Cup Pick’em 

Even though soccer, as they call it, is not the king of sports in the USA – being in a constant fight with the NFL for supremacy, an international event such as the World Cup couldn’t go unnoticed. BetOnline organised promotion that offers players the chance to pick the winners for the World Cup matches. This promo has a total prize pool of $10,000, the winner going home with no less than $1,000.

The system is straightforward, you have to access your account, pick the teams you think will win, and for every correct guess, you receive points. At the end of the competition, the punter with most points wins the game while others get a share of the prizes as well.

There is no entry fee for the $10,000 World Cup Pick’em, however, to become eligible for the promotion, you have to wager a total of $50 on the World Cup games until the 15th of July when the competition ends.

25% Lifetime Guarantee

It might be hard to believe at first, however, BetOnline really does offer a lifetime-guaranteed 25% bonus on all your reloads with the use of the LIFEBONUS promo code. Just make sure to use this bonus code when making the qualifying deposit of $50 or more, and you’re good to go.

  • The maximum value of the bonus / deposit is $1000
  • The turnover requirements are 6 times the bonus balance
  • Deposits made with Skrill or Neteller are not eligible for this promotion.

50% Bonus Boost on Cryptocurrency Deposits

Since BetOnline is a modern bookmaker that wants to keep up with the trends in the industry, cryptocurrencies are available for deposits. Not only that, but they also have a promotion to make crypto-deposits more popular. By using the CRYPTOBET promo code in cryptocurrency, you become eligible for a 50% bonus up to $500. Of course, that’s the equivalent in USD for any cryptocurrency you use. Available cryptos:

  • Bitcoin – BTC
  • Ethereum – ETH
  • DASH

Also, there are some Terms and Conditions attached to this bonus, as follows:

  • The bonus is only available for players from USA or Canada
  • The wagering requirements are 14 times the bonus balance
  • The minimum qualifying bonus for the bonus is $20

Match Bonuses

Bonus Code
CRYPTOBET
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+ Info

Is BetOnline Safe – Online Security and Trust Parameters

BetOnline is operating in the betting and gambling industry starting with 2001 when they were called Best Line Sports. It was the same year they bough BetOnline.com and established the BetOnline.ag domain and starting 2007they are rebranded as BetOnline. They are based in Panama City, Panama allowing them to accept bets from punters within the United States as well as Canada or other territories.

One massive drawback to the safety and trust department comes from the fact that they don’t hold a valid license for offering their betting services. The situation is not clear regarding how the state of Panama regulates BetOnline, and it seems that they can’t be held responsible for any case of misconduct.

And in their history, there were several reported cases of poker players being denied their withdrawals under the presumed accuse of chip dumping. Even though this happened back in 2013 and since then there have been no records of any serious complaint being formulated against BetOnline, it’s a big warning sign for any customer.

It’s honest to say that no sportsbook customer has ever dealt with issues regarding safety or delayed payments. Furthermore, they seem to have taken significant steps in improving their reputation by implementing a fast-withdrawal policy as well as following the responsible gaming guidelines.

Even though the SSL seal is presented on their website, at the moment this BetOnline review was written, we were unable to find any more details about the active protection they offer to their players. So, it’s not safe to assume that they’re putting efforts into maintaining personal and financial information secure.

BetOnline – Deposit and Withdrawal with Multiple Methods

Being a US-orientated bookmaker, you’d expect that BetOnline would offer PayPal as a standard deposit method for their US players. However, this deposit method is not present in their offer. That’s the first odds thing we noticed about the payment methods available at this sportsbook. Moving further, there’s quite a diverse list of different deposit and withdrawal options to pick from:

Payment Method

MIN/MAX DEPOSIT

Withdrawal Limits

Withdrawal Times

Bitcoin

$20 / $25,000

$20 / $10,000

24 Hours

Ethereum

$20 / $25,000

$20 / $10,000

24 Hours

Litecoin

$20 / $25,000

$20 / $10,000

24 Hours

VISA

$50 / $5,000

N/A

N/A

MasterCard

$50 / $5,000

N/A

N/A

Per$on to Per$on

$100 / $600

$50 / $400

5 Days

Money Orders

$300 / $9,000

$500 / $9000

7 Days

Skrill

$10 / -

$25 / $9,900

36 Hours

Neteller

$10 / -

 $25 / $9,900

36 Hours

Bank Wire Transfer

$1,000 / -

 $500 / $24,900

7 Days

Cashiers Check

$1,000 / $15,000

 N/A

15 Days

Fees and Shady Rules on Deposits / Withdrawals

Regarding the fees applied for deposits or withdrawals, BetOnline had some issues in the past in this sector as well. They were charging a 6.5% on all cryptocurrency deposits as well as a 2% on such withdrawals. After massive customer complaints, they have removed the fees, however, some withdrawal methods still have taxes attached to them. That didn’t happen with the 6.5% processing fee they STILL apply for credit/debit or gift card deposits. 

Not only that, but there’s a pending period of 24 hours in which they review a withdrawal request. Only when this period passes, the withdrawal process begins. It’s not 100% clear what fees are applied to withdrawals; However, they do promote a $50 discount they can use once every 30 days to the withdrawals requested.

Another odd rule they impose is that players depositing via credit card, debit card or prepaid card need to wait a minimum of 7 working days from their last deposit before they can request a withdrawal.

That’s what happens when there’s no real regulatory body to answer to since these practices are not permitted in any sportsbooks licensed by the MGA or UKGC such as BetVictor or Paddy Power.

Deposit Options

  • Amex
  • Bank Wire
  • Bitcoin
  • Cheque
  • Diners Club
  • MasterCard
  • Neteller
  • Skrill
  • Visa

Withdrawal options

  • Bank Wire
  • Bitcoin
  • Cheque
  • Neteller
  • Skrill

Accepted currencies

  • USD - $

BetOnline – A Mix of Sports with a Focus on the American Ones

It comes as no surprise that BetOnline has their focus on NFL, MLB, NBA or even UFC and MMA since these are the most popular sports in the USA and Canada. However, they did not neglect other territories and also included other sports in their betting offer. A total of over 17 sports are available for punters to choose from with a lot of diversity when it comes to betting markets.

As mentioned earlier, one of the main advantages of BetOnline compared with competitors such as Bovada is the fact that they are able to announce their lines with quite some time ahead. This allows punters to place their bets early, however, it can also mean lower odds sometimes. In general, the odds are very competitive and fall in the industry average for their target market.

When it comes to navigation through the BetOnline website, things are not that straightforward but not complicated either. The layout is neatly done, however, finding other sports other than the American-specific ones can be challenging. They offer a search function; yet, you have to use specific pre-defined parameters that are not so easy to determine.

For a person accustomed to a European-orientated bookmaker, navigation and betting on BetOnline can prove to be a bit hard at first, but there’s nothing extremely complicated in the end.

Bet on Sports

  • American Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Football
  • Golf
  • Hockey
  • Horse Racing
  • MMA
  • Rugby
  • Tennis

Betting tax

  • no betting tax

Casino games

  • Baccarat
  • Blackjack
  • Craps
  • Live Dealer Blackjack
  • Live Dealer Roulette
  • Roulette
  • Slots
  • Table Games
  • Video Poker

Mobile Betting at BetOnline – Take the Action Everywhere with You

Talking about the cellular component of BetOnline, it’s good to mention that they didn’t bother to build dedicated apps for different Operating Systems. Instead, they developed a mobile website that is perfectly responsive and compatible with all smartphone or tablets, no matter the OS they run on. So, you will be able to access BetOnline from your iPhone, Android, BlackBerry or any other phone and tablet without an issue.

The experience offered by the mobile website is at least as rich as the desktop version of the site and the fact that it requires no download makes things even better. Furthermore, to encourage mobile betting, OnlineBet has a special promotion active. Your very first deposit from the mobile website has a $50 risk-free guaranteed. This means that if your first mobile bet is a loosing one, BetOnline will give you back your stake up to a maximum of $50. All you have to do to get the funds back is send an email with the subject $50 Mobile Free Play to [email protected]

Betting on Live Events at BetOnline – Get Involved in the Game

BetOnline has a very appealing offer for in-play wagering on the majority of sports it offers. You merely have to access the dedicated section on the website, choose the game or competition and place your bets. Unfortunately, you are not able to watch the games you bet on through live streaming services nor visualisation which is another drawback for this sportsbook. Even so, the option for in-play betting is welcomed as punters can place their bets while watching their favorite sports on the TV.

Similar to the mobile betting promo that offered a risk-free bet for the first bet on mobile, BetOnline also provides a free-bet for first-time in-play betting users. If your first ever live bet is deemed as lost, you will be able to get back up to $25.

VIP or Reward Program at BetOnline

Even though you can find a VIP program being advertised on the website when you click on the link for more details it just takes you back to the front page. This doesn’t mean that there isn’t a VIP program in place, probably this error needs to be reported so they can take care of it. That being said, for a bookmaker that offers such an excellent array of bonuses, you can be sure that they do know how to treat their high-rollers as well. There are multiple ways of rewarding loyalty, such as getting boosted odds, exclusive invitation to events and matches or even custom-tailored promotions.

Customer Support at BetOnline – Available Contact Methods

The first thing we noticed about BetOnline is not having a live-chat function for their customers to be able to get in touch. They do offer support over the phone as well as email. However, it is known that live-chat is one of the most-used contact methods by customers.

You can find the Contact Us section in the footer of the homepage where you will find out the contact info, as follows:

The customer support team is available 24/7, 7 days out of 7 which is an excellent thing since we couldn’t locate an FAQ section for users to check whenever support isn’t available.

BetOnline – All About USA and Canada

It’s no secret that their primary focus goes to the players from the United States of America as well as Canada. It’s true that being based in Panama gives them access to other territories as well, however, without a valid license, it’s hard to believe that any European player would choose this sportsbook over a decent Malta or UK licensed one such as bet365 or Unibet.

Since all the attention goes to the US, the website is only available in English, while you can set the odds to be fractional, decimal or in the American style. Also, as already underlined in the Payments section, the only available currency is USD.

Languages

  • English

Featured markets

Excluded countries

  • United Kingdom

$1000 Reasons to Join BetOnline

The very appealing welcome bonus compared with other bookmakers is one of the main reasons why a player should create an account here. In an industry where big rewards are scarce (if not extinct), this $1000 comes as a big boost for players. The gifts for existing players are excellent as well, however, not having a valid license along with the fees and weird rules when it comes to withdrawals, make the sportsbook less appealing.

In the end, we can only hope that this BetOnline review helped our readers to make a decision regarding creating an account here and we encourage them to share their thoughts and experiences here.

‘18+, New Customers Only, Gamble Responsibly - www.begambleaware.org

All bonuses are subject to BetOnlineTerms & Conditions.

Pros

  • One of the few Betting Getaways for US Punters
  • Bitcoin Accepted
  • Decent Odds Offer, Betting Markets and Sports
  • Horse Racing Odds

Cons

  • The Bookie has NO ACTIVE LICENSE

Faqs

Is BetOnline Legal?
Are the BetOnline Sign Up Bonuses worth the money?

Summary Table

BetOnline Review Overview
Evaluation: 4
Number of Bonuses: 2
Number of Withdrawal Options: 5
Number of Deposit Options: 9
Number of Currencies: 1
Number of Languages: 1
Number of Sports: 12
Number of Casino Games: 9
Mobile: Yes
Live Casino: Yes
Number of Excluded Countries: 1
Number of Licenses: 1

Licences

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