BetOnline is a classic example of American bookmaker. They have excellent coverage of American sports with a lot of futures, props and side markets with excellent odds, but have modest coverage of other sports. Betonline was established in 1991 and operates under Panama's jurisdiction. They are in the industry for quite some time and have built some reputation among American players. But ruined it in 2011 and a couple of following years. They made some controversial decisions regarding (the launch and early days of) poker product which costed them a lot of money and customers' trust. They've been working hard to regain that trust since then and today they deserve to be reviewed as one of the top American bookmakers. See bellow detailed BetOnline review.
BetOnline Restricted Countries, Banking and Security
BetOnline is one of the rare American bookmakers that accepts customers from countries outside of North America. Only countries that are restricted to open an account from are: Panama, Malta, Egypt, Ghana, Indonesia, Macedonia, Morocco, Nigeria, Pakistan, Serbia, Montenegro and Ukraine.
Another thing that makes BetOnline an unusual American bookmaker is a high number of available deposit and withdrawal methods. The picture above shows all available withdrawal methods along with withdrawal limits. There is even more deposit methods available. Deposits are usually processed immediately. They support Bitcoin and from our own experience, we can say it is the fastest method when you request withdrawals. There is even a special Bitcoin Bonus about which we will talk about later in this review.
They do check every withdrawal carefully, they check your betting activity and are not famous for fast withdrawal processing. They are not a scam company, but require more documents and time to award withdrawal, unless Bitcoin is used. In the past, they had huge complains about that and they are improving drastically. But, it is not only their fault for those complains as many players requested withdrawals before meeting bonus rollover requirements. If you did a rollover (one time) of your deposit funds, they will not charge you extra fees for withdrawals, otherwise they take a small percentage depending on withdrawal method.
BetOnline Sports Betting Bonuses
They have a very generous promotions system, not only for sports bettors, but also for casino and poker players. They offer 3 types of deposit bonuses and we are not sure which is better to take. First is 100% Bitcoin Bonus up to 1000 USD. It is not built for those who just want to take the money and run as it has 14x rollover attached to it. Second option for first deposit is 50% Welcome Bonus up to 2500 USD. This one carries a smaller rollover (10x) and deposits via Skrill and Neteller do not qualify for this promotion. If you are interested in taking one of those 2 Welcome bonuses, be sure to read our special article on how to redeem them and ply according to terms and conditions.
There is also a Lifetime Bonus. When you redeem this promotion, you will get a 25% bonus up to 1000 USD every time you make a deposit. In order to receive this bonus you must use promo code LIFEBONUS in the cashier while making your deposit. It carries a 6x rollover and again deposits via Skrill and Neteller do not qualify.
Refer-a-friend program at BetOnline is one of the most rewarding ones we have seen. You can earn 200% up to 200 USD free play for every friend you send. You can refer a friend via email, Facebook or twitter and there is no limit on how many friends you can refer.
Sports betting promotions divide into sportsbook and racebook promotions. In sportsbook section of the page, you can redeem 25 USD Free Play – or money back if your first live bet losses. Also a 50 USD Free Play if your first bet via mobile device losses. When playing via mobile, your first bet must be on pre-match event. For both promotions you have to send an email after your first bet settles and they will award a bonus within 48 hours. Both promotions carry a 6x rollover on Free Play amount.
In racebook section on BetOnline, you can qualify for 25 USD risk free bet. This promotions is almost the same as previously mentioned live bet promotion. So, you have a 6x rollover and have to send an email to claim your free bet in case your first bet on racebook losses. There is also a daily rebate promotion. Internet wagers receive a 7% daily rebate. Telephone wagers receive a 4% daily rebate. There are no limits on how much you can earn back or the minimum number of wagers you have to make.
BetOnline Review - Sportsbook
So far all good about BetOnline. Now we come to sportsbook – the most important part for bettors. We know a lot of bookmakers and don't know a lot of them on which we didn't wager and we must accent that BetOnline is one of the rare American bookmakers that didn't disappoint us. That of course stands having in mind it is an American bookmaker, so it is natural to expect some things.
- BetOnline Pre-match
Strong point of their pre-match offer is coverage of side markets in US sports. Number of props and futures is very satisfying with plenty of interesting markets. Weak point is coverage of other/European sports. There is around 20 sports covered compared to EU standard of 35+ and even within those sports there are only main leagues/events. So although they accept customers from all over the world, they have strong preference towards North American ones. Betting limits are solid and odds quality is quite high – they have 1.90-1.90 (or -110) odds on even markets. This is standard margin for all major American bookmakers.
- BetOnline Live
Live coverage is a bit specific. During the night there aren't any live matches running, but during the prime time, their coverage is higher than on other American bookmakers. Still, a bit shy compared to European competition. Even number of offered markets is very satisfying, especially on US sports.
BetOnline Sportsbook Features
They have very developed Esports and Financials sections. On Esports there are streams on almost all events and betting on them looks like a good fun. Odds are great, better than most other offer and betting limits are quite high.
We are not very keen on using Financials betting section, but from what we have seen, it looks as good as any Forex client. So it is a nice feature if you are into wagering on business developments either small or high amounts.
BetOnline Review Conclusion
If you are from North America and mostly interested in wagering American sports, then BetOnline is a good choice. Their numerous and straightforward promotions are the best invitation to open a new account. The number and variety of payment options available on BetOnline is something unseen for American bookmaker. This nicely gets along with lately improved transfer processing times. There are only 2 reasons why not to join them. One is modest coverage of other sports (European ones) and the other one is a bad reputation from issues they had in past. From our recent experience, we can confirm that these bad days are over for BetOnline. If you are uncomfortable with these facts or for any other reason not convinced, take a look at other American bookmakers' reviews.