Welcome to our detailed review of the safety and security features that popular site BetOnline provides its customers.
- Large crypto bonus
- Competitive odds
- Re-bet option means there are no betting limits
- Quick to release betting lines
- Very quick payouts
- Bonus for non-crypto users is smaller
- Higher minimum withdrawal limits than BetUS
Safety should always be your main priority when choosing which online sports betting site to sign up for. You should seek a sportsbook that is fully licensed and regulated, with a long history of providing fast and reliable payments. This review will shine a light on the steps that BetOnline has taken to keep customers’ details safe, while also focusing on its track record for dependability and security.
What is BetOnline?
BetOnline is the proud owner of one of the greatest domain names in the entire sports betting industry. It initially found fame by offering reduced juice -105 lines, setting the earliest lines in the business and investing heavily in marketing. That saw BetOnline live up to its potential by becoming one of the world’s largest online sportsbooks.
The company moved to Panama City, Panama, in 2004, and set about targeting US sports bettors with great odds, quick payouts, innovative contests and high limits. The group has grown in the ensuing years – it purchased Sportsbetting.ag and BetEagle in 2012 – and it continues to blend innovation with experience.
BetOnline has an excellent reputation among sports bettors in the USA, Canada and elsewhere. The site received a major software upgrade in 2020, bringing it in line with the world’s best sportsbooks, and it has a casino, racebook, poker room and esports section too. It is still known for early lines, large limits, fast payouts and pioneering Bitcoin deposits and withdrawals.
Is BetOnline a Legit Betting Site?
BetOnline is a legitimate sports betting site that is licensed and regulated by the Panama Gaming Control Board. It has been providing secure transactions to customers all over the world for many years, and there are no concerns whatsoever about its legitimacy. It is rare to find an online sportsbook that is held in such high regard by sports bettors.
BetOnline accepts customers from all countries apart from Australia, France, Malta, Panama and the UK. It is absolutely legal for American sports fans to sign up for an account at BetOnline and take advantage of the high-quality betting lines, large bonuses and swift payouts that it offers. BetOnline has welcomed customers from across North America for decades, and it always pays out on time.
Is BetOnline a Safe Betting Site?
BetOnline uses the latest SSL encryption software to protect transactions and the personal details of its customers at all times. Hackers are always trying to target a variety of sites, but BetOnline is water tight and it has never been hit with a security breach. The site runs on a secure connection, so you can fully relax and enjoy the betting experience.
BetOnline operates on proprietary software, so it is in control over its own destiny when it comes to security. It does incorporate casino games from top software developers, and they are all licensed and reputable. BetOnline has been around for many years, it has a large and established customer base and testimonials from players are impeccable, so we can confidently safe that this is a very safe and secure online betting site.
What Deposit Options Does BetOnline Provide?
BetOnline provides customers with several safe, secure deposit options. You can read all about them in great detail by visiting the site’s banking section, but we have rounded up the most important points you need to consider. There is a serious incentive to use Bitcoin when banking with BetOnline, as it means you can deposit $20 to $500,000 into your account quickly and safely.
Many sports bettors love Bitcoin as a result of the speed, anonymity and security it offers. You can send BetOnline BTC without having to involve any middlemen, making it cheaper, easier and more efficient. You do not have to input your credit card details on web forms, so many bettors find it safer. You will receive a more generous welcome bonus and reload bonus if you choose Bitcoin as your deposit method at BetOnline.
You can alternatively use Bitcoin Cash, Ethereum, Litecoin, Ripple and Stellar for deposits starting at $20 and going up to $100,000. If you prefer to use Visa, MasterCard, American Express or Discover Card, these deposits can range from $50 to $5,000. BetOnline also accepts bank wires, money orders, P2P transfers and money orders, so you are never short of options when banking with this sportsbook. It has never had any problems with transaction safety, so we can endorse BetOnline.
How Are Withdrawals Processed at BetOnline?
Visit the cashier section and choose withdrawal at BetOnline. You will see a variety of options: crypto, wire transfer, P2P, and check by courier. Crypto is definitely the best option, as it means you can withdraw $20 to $100,000 free of charge. We tested out the withdrawal process for this BetOnline review and we received our BTC the same day we requested it, which is impressive.
If you prefer not to use crypto, you will be faced with fees and longer waiting times. You will have to pay a minimum of $45 for a wire transfer, which can be made for $500 to $25,000. You will also have to pay a minimum of $50 for a check by courier, with limits of $500 to $2,500. P2P withdrawals can only be made from $50 to $400, but if you go for an amount north of $300, BetOnline will waive the fee. These withdrawals take up to a week, while wire transfers and checks can take even longer, so crypto is definitely your best bet.
What Bonuses Does BetOnline Offer?
BetOnline has had to work hard to stand out from the crowd in the sports betting industry. The site has a reputation for great bonuses, which helps it preserve its status as one of the world’s biggest books. The flagship offer is a 100% welcome bonus, worth up to $1,000, for crypto users. It does not quite compare with the industry leading BetUS 150% crypto sign up bonus, which can be worth up to $7,500, but it is still pretty tempting.
The main stipulation you need to be aware of is a 14x rollover requirement on the BetOnline crypto welcome bonus. That means you need to play your bonus credit 14 times before you can make a withdrawal on it. This bonus is applicable for Bitcoin Cash, Ethereum, Litecoin, Ripple and Stellar, but you will receive an extra 5% if you choose Bitcoin, making it a 105% welcome bonus worth up to $1,050.
The bonus is slightly less tempting if you do not use crypto. In that case, you get a 50% bonus up to $1,000. On the flipside, the rollover is 10x, which is not quite so arduous. The minimum deposit to qualify is $55, whereas the minimum for the crypto sign up bonus is $20
What Loyalty Bonuses Do BetOnline Customers Receive?
BetOnline has a 35% crypto reload bonus worth up to $350, which you can claim using the promo code CRYPTO35. The rollover on this bonus is 8x. You will receive an additional 5% by using Bitcoin instead of altcoins. The crypto reload bonus is only available for players in the United States and Canada.
There is a 25% reload bonus valid up to $250 for non-crypto deposits. A reload bonus can be used each time you top up your account balance. You must deposit a minimum of $50 to qualify for the 25% sports reload bonus at BetOnline.
This sportsbook will also give you three different risk-free bets after signing up for an account. The first is worth $50. It is available for your first ever mobile wager. If your $50 bet wins, keep the profit. If it loses, BetOnline will give you a refund worth up to $50 in the form of a free bet. This free bet has a 6x rollover. The $25 risk-free first in-play bet and $25 risk-free first player props wager follow identical terms.
BetOnline also provides giveaways and contests throughout the year. The NFL contests are particularly popular among sports bettors, and there are various casino bonuses to seize too, so BetOnline customers are well looked after. We tested out the bonuses and they all worked in a fair and secure manner.
What Sports Does BetOnline Feature?
You can bet on football, basketball, baseball, hockey, golf, hockey, horse racing, martial arts, soccer, tennis, boxing, cricket, darts, rugby league, rugby union, snooker and table tennis at BetOnline, plus politics, entertainment, financials, lottery, specials, esports and sports sims. This is a North American book, so NFL, NBA, MLB and other big sports leagues get the most attention – with an embarrassment of player and game props available – but it has solid coverage of smaller sports too, and the sections on soccer and tennis are great.
Does BetOnline Provide Live Betting?
BetOnline has a tremendous live betting section covering sporting events taking place all over the world. We could bet on baseball in Cuba, hockey in Russia, tennis in Austria, table tennis in Czech Republic, golf in Bermuda, soccer in South Korea and esports in Italy when we played at the BetOnline live betting section. You will receive live scores, stats and tips in the live betting section, which is really well designed.
What Wagering Options are Available at BetOnline?
BetOnline has popular betting options like spreads, totals and money lines, along with various game props, player props, futures, parlays and teasers. Bettors can browse hundreds of wagering options on NFL and NBA games, and it allows you to create your own props too, meaning the possibilities are huge.
There are fewer betting options on other sports, but you can find some good props and futures on soccer. There is a horse racing section, and a separate racebook, featuring thoroughbred and harness racing from all over the world.
What Special Features Does the BetOnline Site Include?
The BetOnline site is full of education material and useful tools that make the betting process easier. The sportsbook received a sweeping overhaul in 2020 and the software is runs on is now cutting-edge. It is full of exciting features, such as a 7% track rebate at the racebook and a 20% weekly esports rebate.
Does BetOnline Have a Casino?
BetOnline has a safe and secure online casino that is protected by the most powerful encryption software available. Players can enjoy 20 types of blackjack, nine versions of roulette and 15 video poker games, plus multiple baccarat and craps games. The range of slots is pretty small, but it is well thought out. BetOnline only works with licensed, respectable, safe software providers, and the RNG software underpinning it is perfectly fair, trustworthy and regulated.
What are the Key Strengths of BetOnline?
BetOnline’s key strengths are the quality of the user interface, the generosity of the bonuses, the quality of the odds and the number of prop bets available on major sporting events. It makes a great choice for anyone that wants to bet on major US sports leagues, plus horse racing, soccer, tennis, golf and dozens of smaller sporting events taking place across the globe. It appeals to sharp bettors with early lines, casual sports fans with great bonuses and low limits, and high rollers with reasonably large upper limits and the ability to deposit up to $500,000 via Bitcoin.
What are the Weaknesses of BetOnline?
BetOnline is a pretty flawless sportsbook. Some might find the rollover requirements on its bonuses a little taxing, and the ability to live stream sporting events on the site would be a welcome improve, while the range of casino games could be a bit larger, but overall it is a tremendous sportsbook, racebook and casino site.
Is BetOnline a Reliable Online Sportsbook?
BetOnline is one of the world’s most reliable online sportsbooks. Very few sports betting sites have such an immaculate record for safety, security, trustworthiness and paying customers out quickly. If you are looking for a reliable online sportsbook, BetOnline is up there with BetUS and Bovada as one of the very best in the business.