Funbet Review

by sportsbetting24.com™
Customers from USA cannot join this betting site
Last Update

Here is a list of betting sites that accept customers from USA

It can be hard finding a betting site available in India that is licensed, trustworthy, accepts Indian Rupees, and has amazing customer service.

Our official Funbet review for sports betting highlights that this betting site has all those things, and we test every aspect of this new bookmaker. Scroll down to learn more about all their betting features, the Funbet welcome bonus, and much more.

The Funbet Sports Welcome Bonus Could Be More Welcoming

FunBet’s new customer offer gives punters 50% of their first deposit back up to 4,000 as bonus funds. The first thing we need to talk about is that first number. A 50% bonus on your first deposit might seem generous to those who are brand new to online betting, but most other bookies out there offer a 100% bonus on your first deposit.

Name: Offer: Bonus Code:
Funbet Sports Welcome Bonus 50% up to ₹4,000 WFUNBETSB
18+, New Customers only – Min. qualifying deposit: ₹800 – Users must opt-in using the bonus code above when placing their first deposit – Wagering requirement: 6x deposit + bonus – Full terms and conditions apply

There are odds restrictions, payment method restrictions, and some pretty hefty wagering requirements involved in turning those deposit funds into real money, though. This is definitely a sign-up offer that some bettors may not be able to redeem.

In order to claim the maximum bonus amount of ₹4,000 your first deposit would need to be at least ₹8,000. You also need to ensure that you don’t use any e-wallets when making this first deposit, which doesn’t leave you many other options, as you can see in our section on Funbet’s supported payment methods below.

To redeem the maximum bonus of ₹4,000, you need to wager the sum of your deposit (₹8,000) and your bonus six times over, which means wagering 72,000 within 30 days for a 4,000 bonus. For those wanting to see the math, it looks like this:

₹8,000 + ₹4,000 = ₹12,000

₹12,000 x 6 = ₹72,000

In addition to all that, there are also odds restrictions to keep in mind. Single bets only contribute towards wagering requirements at odds of 2.00 (Evens), and combination bets need each selection to be at odds of 1.30 (3/10) with a total odds of 2.00 (Evens).

Punters should be aware that failing to redeem their bonus not only invalidates their bonus, but they’ll also forfeit all the winnings associated with the bonus. If you plan on placing bets at FunBet, we recommend giving their welcome bonus a pass unless you’re a high-roller.

Key Terms and Conditions

50% Up To 4,000

  • Bonus Code: WFUNBETSB
  • Users must opt-in using the bonus code when placing their first deposit
  • Qualifying Deposit: ₹800
  • Maximum Bonus Amount: ₹4,000
  • Restricted Payment Methods: All ewallets (Skrill, Neteller, Paysafe, EcoPayz)
  • Wagering Requirement: 6 x bonus + deposit
  • Time Limit: 30 days from first deposit
  • Odds Restrictions:
    • Single Bets: 2.00 (Evens)
    • Multiples: Total odds of 2.00 (Evens), with each selection at a minimum of 1.30 (3/10)
  • Bet types that do not count towards wagering requirements:
    • Starting price bets (SP)
    • Asian Handicap
    • Draw No Bet
    • System bets
    • Forecast / Tricast
    • Void / Cancelled / Draw bets
    • Cashed-Out bets
    • Pulse bets
    • Any bets placed with a Free Bet

Are there Promotions for Existing Users?

We were pleased to see that despite the welcome bonus being a little disappointing, Funbet feature regular promotions for their existing users.

At the time of writing, Funbet were offering two active promotions for sports betting, and a conversation with their customer service representative revealed that event-specific promotions were coming in the near future and that we could expect to receive regular promotions via email that aren’t listed on the site.

This makes Funbet an ideal betting site for punters who like bonuses, as there are almost constant opportunities to add value to their betting bankroll.

Is it Safe to Bet at Funbet?

When it comes to betting sites in India, users can never be too careful as there’s no local licensing authority keeping things in check. Luckily, we can confirm that Funbet is safe and secure and gets the Sportsbetting24 stamp of approval.

Funbet are owned by Genesis Global Limited, a company behind several online casino brands who have been in operation since back in 2014. While Funbet may be brand new, the team behind this betting site are industry veterans.

Does Funbet Have ANY Remote Gambling Licences?

Yes, Genesis Global Limited, and as an extension Funbet, is licensed by the Malta Gaming Authority (licence number: MGA/B2C/314/2015). The Malta Gaming Authority (MGA) imposes strict laws and restrictions on all of their licence holders, many of which surrounding user data protection, user funds protection, and fairness.

Funbet’s MGA licence is even further complemented by the fact that their site is 256-Bit SSL Secured. This means that their website is exceptionally protected against outside threats and interference.

Punters can also benefit from Genesis Safe Play, which is Genesis Global Limited’s suite of responsible gambling tools to help users identify if their online betting behaviour is problematic, as well as provide resources to help those who need them.

All in all, there’s no doubt for us that Funbet is a trustworthy betting site that doesn’t pose any immediate or significant risk to our readers.

Funbet’s Payment Options Reviewed

Funbet impressed us with their selection of payment methods. Not only do punters have the classic options of bank transfers, credit cards, and debit cards, but also a list of popular e-wallets to choose from!

Luckily for potential punters in India, Funbet accept Indian Rupees. This means that bettors don’t need to waste money paying currency conversion fees and can more easily calculate their returns while placing bets.

Funbet have very reasonable minimum and maximum deposits in place, suiting all sorts of bettors from the most casual to the high rollers. The minimum deposit allowed is 800, and the deposit limit is 400,000 for a single transaction.

Between the deposit terms and the selection of banking methods, depositing at Funbet is simple, easy, and quick. It’s highly unlikely that punters in India will need to sign up for any sort of service that they don’t already use.

Withdrawal Times & Limits

Considering Funbet’s minimum withdrawal is a relatively reasonable 1,600 for each of their supported withdrawal methods, we walked into this phase of the Funbet review test relatively hopeful.

Withdrawal Method Withdrawal Time* Withdrawal Limit
bank transfer logo
Bank Transfer
2-3 Business days ₹200,000
Skrill logo
Skrill
Instant ₹400,000
Neteller logo
Neteller
Instant ₹400,000
ecopayz logo
EcoPayz
Instant ₹400,000
muchbetter logo
MuchBetter
Instant ₹400,000
mifinity logo
Mifinity
Instant ₹400,000
mifinity logo
Jeton
Instant ₹400,000
*Not including internal processing time, which may take up to 5 business days

In terms of withdrawal limits, Funbet also impose weekly and monthly withdrawal limits for each user. The weekly limit is set at ₹440,500 per user, and the monthly limit is ₹1,760,000. This is more than reasonable for the vast majority of punters out there, and we can’t see very many people having issues with these limits.

One of the biggest problems we have with how they handle punters’ money is that Funbet’s withdrawals take a long time.

The withdrawal times listed in the table above were lifted directly off Funbet’s website. However, while testing out Funbet’s 24/7 live chat feature, we discovered that none of those times included Funbet’s internal processing time, which can take up to 5 business days.

This means that punters in India who are making a withdrawal via bank transfer can end up waiting up to a week and a half for their money. Luckily, Funbet support enough e-wallets that most punters won’t have to wait much longer than Funbet’s internal withdrawal processing time, as those transactions are instant once initiated.

Do Funbet Charge Withdrawal Fees?

Unfortunately, yes, Funbet charge withdrawal fees on every withdrawal. This isn’t something we see very often anymore, as most other bookies have done away with withdrawal fees. Funbet, however, take their own piece of the pie.

Funbet take 2% of all withdrawal transactions, with the minimum fee being ₹160. This means that if punters withdraw less than ₹8,000 in a single transaction, they need to pay ₹160 even though it’s more than 2%. If a punter only withdraws the minimum amount allowed of ₹1,600, then the ₹160 fee adds up to 10% of their withdrawal!

Considering our findings when comparing the value of Funbet’s odds below, Funbet are not necessarily the bookie that provides the best value to online sports bettors in India.

Deposit Options

  • FRONTEND:CASINO_REVIEW: FRONTEND:CASINO_REVIEW:
  • Bank Transfer Bank Transfer
  • ecoPayz ecoPayz
  • Euteller Euteller
  • iDebit iDebit
  • INSTADEBIT INSTADEBIT
  • Interac Interac
  • Jeton Jeton
  • Maestro Maestro
  • MasterCard MasterCard
  • MuchBetter MuchBetter
  • Neteller Neteller
  • Paysafecard Paysafecard
  • Skrill Skrill
  • Visa Visa
  • Visa Electron Visa Electron
  • Zimpler Zimpler

Withdrawal Options

  • FRONTEND:CASINO_REVIEW: FRONTEND:CASINO_REVIEW:
  • Bank Transfer Bank Transfer
  • ecoPayz ecoPayz
  • Euteller Euteller
  • iDebit iDebit
  • INSTADEBIT INSTADEBIT
  • Interac Interac
  • Jeton Jeton
  • Maestro Maestro
  • MasterCard MasterCard
  • MuchBetter MuchBetter
  • Neteller Neteller
  • Paysafecard Paysafecard
  • Skrill Skrill
  • Visa Visa
  • Visa Electron Visa Electron
  • Zimpler Zimpler

Accepted currencies

  • ARS - Arg$
  • BRL - R$
  • CAN - $
  • CLP - CLP$
  • COP - COP$
  • EUR - €
  • INR - ₹
  • JPY - ¥
  • MXN - Mex$
  • NOK - kr
  • NZD - $
  • PEN - S/.
  • SEK - kr
  • USD - $
  • ZAR - R

The Funbet Betting Suite

What most punters really want to know is how good the Funbet sports betting experience is. Funbet runs on the SBTech betting platform, which is one we’ve seen on plenty of other betting sites.

As we need to cover a variety of different aspects and features in this section, feel free to click on any of the links below for easier and quicker navigation:

Sports & Event Coverage

One of the best aspects of Funbet’s betting suite is that they cover almost every sport out there. This means that punters who like betting on more niche sports, like MMA or Snooker are well served.

The exceptions, however, are ones that bettors in India might not be too pleased about: Kabbadi and Horse Racing. Unfortunately, you can’t bet on Kabbadi or Horses at Funbet at the time of writing, and this is more of an issue with SBTech, their betting provider, than Funbet themselves.

💡 TIP! If you’re interested in betting on Kabbadi or Horse Racing, head to our guide to the top online bookmakers for Kabbadi, or our page on the best sites for horse betting to find the best options for these sports.

Other than that, though, we didn’t experience any issues when looking for specific sports or events at Funbet. Punters have access to thousands of events and tournaments to bet on at any given time, making Funbet pretty close to being a one-stop-shop for betting opportunities.

Cash Out

Funbet feature both total and partial Cash Out, which is great news for punters who like to have more control over their profit/loss margins. However, Funbet don’t actually control the Cash Out features themselves, but their betting provider SBTech does.

Unfortunately, you can’t see if bets can be Cashed Out before wagering. The only way to know if Cash Out is available on your bets is to head to Funbet’s Cash Out section. This can make it a lot more difficult to plan out your betting slip, or to employ a more efficient strategy when using Funbet’s live betting suite (more on this here).

Bet Builder / Request A Bet

Funbet have taken a unique approach to this part of their betting suite. Funbet’s Bet Builder is only available on mobile and tablet, and not the desktop version of their site.

The Bet Builder feature works well, and is even tied to an ongoing promotion at the time of writing, like we mentioned above in the bonuses & promotions section. We found the service to be relatively quick, though the odds could have been a little more generous.

One thing that punters may not be aware of, though, is that while there isn’t a Request a Bet feature built in to Funbet’s site, users can request bets over live chat.

It must be noted, though, that SBTech, not Funbet, decide if the bet can be run or not. Funbet’s customer support agents act as the middle-men who pass on your request to SBTech and inform you of their verdict.

This means that punters can easily access customised bets, even if Funbet don’t make this explicitly clear on their website.

Betting Markets

As we’ve seen before with SBTech-powered betting sites, the availability of betting markets depends on the sports you want to bet on. Football matches, for example, generally have dozens, if not hundreds of markets available.

Fans of football betting are definitely well-served when it comes to betting markets at Funbet. Whether you’re looking for outrights, match-winners, over/under bets, or pretty much any football market you can think of, you’re likely to find it at Funbet.

Funbet also do well with a variety of cricket betting markets available on most matches, as well as other popular sports like tennis and basketball. Overall, Funbet give punters a decent amount of options to customise their bet slip.

Odds Comparison

When it comes down to it, the one thing that every punter needs to know before signing up to a betting site is whether or not they provide well-priced odds. To measure this, we put Funbet up against Gatobet (a betting site of similar age), and against 888Sport (one of the leading industry brands).

We compared the pre-match odds that each bookie offered for the same Indian Premier League cricket match. Our results are as follows:

  Mumbai Indians Chennai Super Kings
funbet logo
Funbet
10/17 (1.58) 1/1 (2.00)
₹1264 return* ₹1600 return*
₹464 profit* ₹800 profit*
gatobet logo
GatoBet
(review)
8/11 (1.72) 11/10 (2.12)
₹1376 return* 1696 return*
₹576 profit* 896 profit*
888sport logo
888Sport
(review)
3/4 (1.78) 27/25 (2.08)
1424 return* ₹1664 return*
624 profit* ₹864 profit*
*Based on an ₹800 winning bet
Odds retrieved 04/09/2020. All odds correct at the time of writing. The odds above are intended for display purposes only and Sportsbetting24 cannot guarantee these odds will not change or will still be available after retrieval.

Unfortunately, Funbet provided the lowest value for each outcome in our test, most notably for the Mumbai Indians, who seemed to be favoured by all three bookies. The differences between Funbet and the competition were much more dramatic than the odds provided for the Chennai Super Kings.

In terms of overround, which indicates the price markup that bookmakers apply to odds to make a profit, this is how each of the betting sites performed in our odds comparison test:

  • Funbet – 113.29
  • Gatobet – 105.31
  • 888Sport – 104.26

What’s a little shocking to see is that Funbet’s odds are marked up almost 9% more than 888Sport’s odds, meaning that they aren’t quite the best out there when it comes to value for money.

User Interface

One thing we love about Funbet is that it’s extremely easy to navigate their site. The site itself is simple and clean looking, mostly made up of light greys and whites, with navy, red, and yellow accents to help guide users.

Everything punters need is presented in the perfect amount of headers, side bars and filters; meaning punters can focus on the actual betting, with most things just a single click away. Funbet is a breeze to use, and doesn’t tire your eyes even when spending hours on the site, which we do as part of our review testing.

Bet on Sports

  • American Football
  • Australian Rules Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • esports
  • F1
  • Field Hockey
  • Football
  • Futsal
  • Golf
  • Handball
  • Hockey
  • MMA
  • Motorcycling
  • NASCAR
  • Olympic Games
  • Rugby
  • Snooker
  • Tennis
  • Volleyball

Betting tax

  • no betting tax

Casino games

  • Baccarat
  • Blackjack
  • Craps
  • Keno
  • Live Dealer Baccarat
  • Live Dealer Blackjack
  • Live Dealer Roulette
  • Progressive Slots
  • Roulette
  • Scratch Cards
  • Slots
  • Table Games
  • Video Poker

Funbet’s Mobile Betting Experience

Betting on the go is the new normal, so it’s extremely important for punters to be able to place bets on their mobiles and tablets. This betting site was clearly designed with this in mind, as Funbet is fully mobile compatible.

It’s not unheard of for betting sites to have some features that are only available on their desktop site. However, as we saw when discussing their Bet Builder feature above, with Funbet the opposite is true. The Bet Builder feature is only available on mobile.

The site adapts to different screen sizes exceptionally well, as you can see in the screenshots below. If anything, Funbet’s amazing UI works even better on mobile, which is great news for punters who want to quickly place a bet or two while on the go.

Do Funbet Have Smartphone Apps?

Unfortunately, no, Funbet don’t have native smartphone apps at the time of writing. However, as their mobile site is completely fully-featured, we don’t see this as a problem.

Whether you’re using Android or iOS, smartphone or tablet, Funbet is designed to work with all your devices. This also means that punters don’t need to download any applications or use up space on their home screens or app drawers.

Punters can still add a shortcut to their home screens for easy access if they like, and we have a guide on how to do that on our betting apps page.

The Live Betting Suite

Like we mentioned in the section on Funbet’s core betting suite above, all the betting on this site is powered by SBTech. Unfortunately, SBTech’s live betting suite is just about average.

The event coverage is good, like with pre-match betting, and the user interface makes it very easy to upcoming live matches. However, the limited selection of live betting markets and how early they stop being available might not be suited to live betting aficionados.

Similar to the pre-match odds which we compared above, the live odds are not very competitively priced, and live odds are already subject to a higher markup than pre-match odds across the industry.

Does Funbet Have Live Streaming?

No, Funbet does not have live streaming. Unfortunately, this is down to the SBTech platform, meaning this si true of all betting sites that use the platform.

A match tracker is available to help punters try keep up-to-date on the matches, and this will be enough to help more casual punters get by.

💡 TIP! If live-streaming is a dealbreaker for you when choosing a new regular bookie, we recommend taking a look at our list of the best bookmakers who offer live streaming.

Top-Secret VIP Club

While there’s no mention of a VIP programme anywhere on Funbet’s site, it’s actually quite normal for bookmakers to keep this information extremely private. While interacting with one of Funbet’s customer service agents on live chat (more on that below), we discovered that Funbet do indeed have a VIP programme.

As is also normal in the online betting industry, Funbet’s VIP programme is invite-only, so there’s no way to apply to join it yourself. We also discovered that their VIP programme isn’t based on a points-system or multi-levelled, like some betting sites have been adopting recently.

Unfortunately, that’s all we really know about Funbet’s top-secret, exclusive VIP club. Punters who aspire to VIP status will just need to wait to be contacted by their VIP team, however, we’re pretty sure that’s reserved for the high rollers out there.

Funbet’s Customer Care

The quality of a betting site’s customer support can have a huge impact on users’ experience. Funbet’s users are in for a treat, though, as the customer care at Funbet is excellent.

Punters have a variety of ways to find the solutions or answers they need. Most punters head straight to the FAQ section at the first sign of trouble, and Funbet made the excellent decision to have separate FAQ sections for their sports betting product and their casino product.

The FAQs aren’t searchable, though they are split into topics and cover a great amount. Punters will find that their issues can likely be solved by the FAQ section before ever needing to speak with a customer care representative.

If your issue does require more assistance, though, there are plenty of great options at your disposal. Punters can communicate directly with the Funbet team via live chat, an Indian telephone helpline, and email.

We’re especially impressed to see that Funbet offer a local, Indian telephone number for their helpline. Bettors in India don’t need to worry about expensive international calling rates, and can get the support they need without having to pay through the nose for it.

Our Experience with Funbet’s Live Chat

When it comes to reviewing new betting sites, we always walk into this part of the review testing holding our breath. Some new betting sites don’t have the resources to offer top-notch customer service. Luckily, the live chat experience at Funbet is phenomenal.

For starters, Funbet’s live chat support is available 24/7, meaning punters have access to round-the-clock support. This is great news for people who like to bet on American and European sports, as you can bet live and still have access to customer support even in the middle of the night.

What impressed us the most was that the customer service representatives were fast and knowledgeable. We never had to wait more than 5 seconds for a response. To be perfectly honest, we ended up testing this several more times than is usual, just to be completely sure that this was accurate.

On top of all of this, the live chat operators were always friendly and polite. We’ve had some nightmare live chat experiences in our time reviewing betting sites, but Funbet provide some of the best live chat customer support we’ve ever seen.

Funbet Contact Details

Live Chat: Available 24/7
E-mail: [email protected]
Telephone Support (India): +911171279213
FAQs: Available and detailed

FunBet Focuses on Indian Bettors

We love seeing a betting site that’s clearly working hard to serve the Indian market. Funbet not only accepts Indian Rupees, but has a whole selection of payment methods available to Indian punters.

Not only do punters save money by not having to deal with currency conversion fees , but Funbet has Indian telephone customer support, so that bettors in India don’t need to waste money on international calling rates.

Available Languages

  • English
  • Finnish
  • Norweigan
  • Portuguese
  • Spanish

Main Countries

Excluded countries

  • Afganistan
  • Aland Islands
  • Albania
  • Algeria
  • American Samoa
  • Angola
  • Argentina
  • Armenia
  • Australia
  • Azerbaijan
  • Bangladesh
  • Belarus
  • Belgium
  • Benin
  • Bolivia
  • Bonaire, Saint Eustatius and Saba
  • Bulgaria
  • Cambodia
  • Cape Verde
  • China
  • Christmas Island
  • Columbia
  • Cote d'Ivoire
  • Cuba
  • Czech republic
  • Denmark
  • Estonia
  • France
  • French Guiana
  • French Polynesia
  • Georgia
  • Germany
  • Greece
  • Greenland
  • Guadeloupe
  • Guam
  • Guernsey
  • Hong kong
  • Hungary
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Kazakhstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Libyan Arab Jamahiriya
  • Lithuania
  • Mali
  • Marshall Islands
  • Martinique
  • Mayotte
  • Mexico
  • Montenegro
  • Mozambique
  • Myanmar
  • Netherland Antilles
  • Netherlands
  • New Caledonia
  • Nicaragua
  • Nigeria
  • North korea
  • Pakistan
  • Philippines
  • Poland
  • Portugal
  • Reunion
  • Romania
  • Russia
  • Saint Bartelemey
  • Saint Pierre and Miquelon
  • Singapore
  • Sint Maarten
  • Slovenia
  • Somalia
  • South Africa
  • South korea
  • South Sudan
  • Spain
  • Sudan
  • Suriname
  • Sweden
  • Switzerland
  • Syrian arab republic
  • Taiwan
  • Thailand
  • Turkey
  • Turks and Caicos Islands
  • Ukraine
  • United Kingdom
  • United States Minor Outlying Islands
  • USA
  • Venezuela
  • Vietnam
  • Virgin Islands, U.S.
  • Wallis and Futuna
  • Yemen
  • Zimbabwe

FunBet Review: Final Thoughts

Our Funbet review has featured a lot of highs and lows, and we want to end this by answering one, simple question: Who do we recommend Funbet to?

Our expert reviewers here at Sportsbetting24 think that Funbet is perfect for Indian punters who like promotions and the convenience of being able to bet in Indian Rupees with familiar e-wallets.

Pros

  • Licensed by the Malta Gaming Authority
  • Accepts Indian Rupees
  • Excellent Customer Support
  • Fantastic UI
  • Very mobile and tablet friendly
  • Good selection of payment methods available in India

Cons

  • Poorly priced odds
  • Unattractive welcome bonus
  • No live streaming
  • No horse racing or Kabbadi

FAQs

Can I bet on Funbet in India?

Yes, Funbet is available in India! As we mention in our spotlight on how Funbet serves the Indian market, Funbet even have an Indian customer support phoneline. This bookmaker clearly prioritises Indian bettors and their needs.

Is Funbet safe to use?

Yes, Funbet is a safe and trustworthy bookmaker. Not only is Funbet licensed by the Malta Gaming Authority, like we mentioned in our safety review, but Funbet is owned by Genesis Global Limited, a company with several iGaming brands and years of experience with a spotless record.

Does Funbet accept Indian Rupees?

Yes, Funbet accepts INR! This means that punters in India don’t need to pay currency conversion fees when depositing, betting, or withdrawing from Funbet. Like we mention in our full review, Funbet support a variety of payment methods available in India.

Can I use Funbet on Android?

Yes, Funbet is extremely mobile and tablet friendly. As our reviewers highlighted above, Funbet has more features on mobile than on the desktop site. And users don’t even need to install any apps! Instead, Funbet’s site was designed to be fully compatible with a variety of screen sizes and devices.

Summary Table

Funbet Review Overview
Evaluation: 3.5
Number of Bonuses: 1
Number of Withdrawal Options: 17
Number of Deposit Options: 17
Number of Currencies: 15
Number of Languages: 5
Number of Sports: 24
Number of Casino Games: 13
Mobile Betting: Yes
Live Betting: Yes
Number of Excluded Countries: 101
Number of Licences: 1

Licensed by:

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