Funbet Review

Update: Funbet has terminated its operations in your market.

If you’re looking for a bookmaker that offers regular promotions, 24/7 live support, and accepts Canada’s most popular payment methods, then this Funbet review is just what you’ve been looking for.

Not only is Funbet licensed, safe and accepts Canadian dollars, but it offers a huge variety of niche sports to bet on. Scroll down to learn more about their betting features, the Funbet welcome bonus, and much more.

Funbet Welcome Bonus – 100% up to C$150

Being a new customer at Funbet means you can benefit from a 100% deposit match up to C$150! However, pay close attention to the fine print before committing, as we’ll see below. 

Even though this welcome bonus can be a good start for new bettors in Canada, there are still hefty wagering requirements, odds restrictions, and payment method restrictions to withdrawals.

Users should aim for a reasonable bonus amount when making their first deposit. A good rule of thumb would be to make sure that you’re not committing to spending any more than you usually would within a given month.

If you would like to redeem the bonus, stay away from e-wallets since these kind of deposits do not apply for the Funbet sign-up bonus.

To redeem the full C$150 welcome bonus, you need to wager your deposit and bonus six times over. This means that users would need to wager C$1,800 within the 30-day limit for the maximum C$150 bonus.

Here’s the math below: 

C$150 + C$150 = C$300

C$300 x 6 = C$1,800

Apart from that, keep in mind the odds restrictions when trying to redeem the bonus. 

• Single bet: 2.0
• Combination bet: 1.30 (minimum total odds higher than 2.0)

Also, if you’re a bettor who enjoys horse races you’ll be ineligible for the sports welcome bonus if you try to wager on this kind of sport. 

Key Terms and Conditions

• Bonus Code: WFUNBETSBCA
• Users must opt-in the bonus code when placing their first deposit.
• Qualifying Deposit: C$10
• Maximum Bonus Amount: C$150
• Restricted Payment Methods: E-Wallets (Skrill/Neteller/Paysafe/PayPal/Ecopayz)
• Wagering Requirement: 6 x bonus + deposit
• Time Limit: 30 days from first deposit
• Odds Restrictions:
  • Single Bets: at least 2.00
  • Multiples: at least 1.30 with minimum total odds of 2.0
• 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 or bets placed with a Free Bet
  • Horse racing bets

Are there Promotions for Current Users?

Although the welcome bonus offer might not be too generous, Funbet do offer other different promotions on their website. At the time of writing this article, there were two active promotions being offered for sports betting.

One of the promotions, called YourBet, allows you to place a bet of C$10 or more, for at least 3 selections with a minimum odd of 3.00 to get a C$5 FREE BET. You can take advantage of this promotion every week; but do remember that you need to use real money to participate.

The second promotion, called Combi Boost, allows you to boost your combi bet winnings by up to 50%. It is available for both new and existing users on Funbet. It works by placing a bet with a minimum of 5 selections at the odds of at least 1.30 each, overall, 4.0.

Keep in mind that this promotion only applies for pre-match bets on the following sports:

• Cricket
• Football
• Tennis
• Basketball
• Ice Hockey
• American Football
• Baseball

Your winnings will be boosted depending on the amount bets in your combi bet:

Is Funbet Safe and Reliable?

Funbet is owned and operated by Genesis Global Limited, a large group of companies well known for their successful casino brands. When signing up with Funbet, bettors can benefit from a vast range of robust security features, which makes Funbet extremely safe and reliable.

Funbet is licensed and regulated by the UK Gambling Commission (Ref. No. 45235). Europe, Canada and South Africa fall under their Malta Gaming Authority license (MGA/B2C/314/2015).

The site uses 256-bit SSL encryption, which means all your personal information and banking details are transferred via a secure environment.

Responsible Gaming

Funbet have a special dedicated section to responsible gaming, where you’ll find advice and pointers from third-party gambling associations such as Gamblers Anonymous and Gambling Therapy.

The website also provides a problem gambling questionnaire for concerned players.

Furthermore, Funbet is part of Genesis Safeplay – an entire platform dedicated to keeping players safe.

Funbet also has useful self-control tools at your disposal:

• Loss Limit
• Deposit Limits
• Wagering Limits
• Session Limits
• Account Closure

Funbet’s Payment Options Reviewed

Bettors will be glad to hear about the wide variety of payment methods offered by Funbet. Apart from the classic options like bank transfers, credit cards and debit cards, you may also use e-wallets.

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 C$10, and the deposit limit is C$5,000 for a single transaction.

Withdrawal Times & Withdrawal Limits

Although Funbet’s minimum withdrawal is a relatively reasonable C$20 for most of their payment options, their withdrawal times are below average compared to other betting sites.

If you look at Funbet’s withdrawal limits, you will notice that they have both weekly and monthly limits. The weekly limit is set at C$5,500 per user, and the monthly limit is set at C$22,000, which are relatively normal when compared to other bookmakers.

Funbet’s withdrawals take a long time, which is one of the greatest issues we have with how they handle bettors’ money.

The Funbet Betting Experience

When looking at Funbet’s betting suite, bettors will surely be impressed with the wide variety of sports to bet on. Funbet covers almost every sport out there, and bettors who are interested in betting on more niche sports, such as golf and badminton, will surely be satisfied.

You can place your bets before an event or during a game, there are diverse selections of markets available. They also offer a live betting page which is updated daily on their website with different sports such as basketball, football, and cricket.

Cash Out

Funbet feature both total and partial Cash Out, which is great news for bettors 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.

Bet Builder / Request a Bet

Funbet offer a Bet Builder that bettors can use on desktop as well as on the mobile app.

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

One thing that bettors may not be aware of, though, is that Funbet don’t offer request-a-bet. As a punter, you could simply just bet on what there is on the site.

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 hockey betting markets available on most matches, as well as other popular sports like tennis and basketball. Overall, Funbet give bettors a decent amount of options to customise their bet slip.

Odds Comparison

To measure the odds quality, we put Funbet up against Betsafe (a similar betting site).

We compared the pre-match odds for an English Premier League match that each bookie offered.  Our results were as follows:

From the table you can see that Funbet provided the lowest value for all outcomes (apart from the ‘Leeds’ odd with a 0.1% difference). If you bet on Manchester Utd. on Betsafe, you’d get a 10% profit margin when compared to wagering on Funbet.

So, when you bet C$100 on Manchester Utd. on Betsafe, you’d win C$53, while on Funbet bet you’ll only win C$48.

Here’s the Math for you:

Betting C$100 on Manchester Utd on Betsafe:

C$100 x 1.53 = C$153

C$153 – C$100 = C$53 profit

Betting C$100 on Manchester Utd on Funbet:

C$100 x 1.48 = C$148

C$148 – C$100 = C$48 profit 

We recommend that more active bettors look at our list of Canada’s best online bookmakers. While casual bettors don’t need to worry about the odds prices very much, Funbet’s odds prices can add up to a significant difference in your potential profit across a whole year.

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 bettors need is presented in the perfect amount of headers, side bars and filters; meaning bettors 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.

Do Funbet Have Smartphone Apps?

At the time of writing, Funbet do not have any Smartphone Apps on Android and on iOS. 

Bettors shouldn’t be upset about this since the site’s mobile version has all the same features available that the desktop site has to offer.

The mobile version, just like the desktop site, was pretty easy to navigate. So, you really don’t need to worry about getting used to a completely different interface.

The Live Betting Suite

Although Funbet’s betting suite is powered by SBTech which just an average betting suite, live betting is one of Funbet’s best feature.

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 so true of all betting sites that use the platform./p>

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

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.

Customer Service – Live Chat Available 24/7

Customer care support at Funbet can be reached via various channels. Apart from the helpful 24/7 Live Chat support, you can also contact them via email or on their international phone line.

When emailing them with your concerns, it usually takes up to 48 hours to get a response. We do suggest you look at their detailed and categorized FAQ section if you have any non-urgent queries

Our Funbet Live Chat Experience

To access their 24/7 live chat all you need to do is press on the red ‘Open LiveChat’ button on their website and a customer support agent will help you out within 15 minutes.

Although we did wait for quite a while, the response time after asking our queries was very short. They understood our questions without any problems, and their responses were also easily comprehensible.

Apart from that, the agent was very knowledgeable about what the website had to offer. The support team were very polite and helpful, and they made sure to ask if we had any other queries before ending the conversation. 

Funbet Contact Details

• Live Chat: 24/7
• Telephone Support: +16477970025
• Email: [email protected]
• FAQ Section: Categorized

Funbet Focuses on Canadian Bettors

Some good news for Canadian bettors would be that there is no need for currency conversion since Funbet accept Canadian Dollars. This means you wouldn’t have to pay any conversion fees like other bookies.

Their selection of payments also features popular Canadian payment methods such as Interac, and INSTADEBIT making it even easier for Canadians to deposit/withdraw their funds

Funbet allows it’s users to bet on the most popular sports events, like the upcoming World Cup Europe qualifiers.

Also, if you’re a fan of the major American professional sports leagues, you’ll be glad to hear that on Funbet you can bet on the Big Four: NFL, NHL, NBA and MLB.

Funbet Review: Final Thoughts

As we’ve seen in this Funbet review, the site has a wide variety of sport niches that you can bet on, they also have a good live streaming option although there are only a few sport options.

We want to wrap up our Funbet review by answering one simple question: Who do we recommend Funbet to?

The expert reviewers here at Sportsbetting24 think that Funbet is ideal for those bettors who are still beginners as well as more casual bettors. The friendly user interface makes it easier and less overwhelming for beginners to understand the basics of betting.

Pros

• Licensed by the Malta Gaming Authority
• Excellent Customer Support
• Fantastic UI
• Very mobile and tablet friendly
• Accepts Canadian dollars
• Supported on Android and iOS

Cons

• Poorly priced odds
• No live streaming
• Unfriendly welcome bonus terms