- Payout Rate: 96%
- Earliest Odds and Lines in the Industry
- Players Accepted from all 50 US States
- 50% Lifetime Bonus On Every NFL Deposit
- High Credit Card Fees
- Quality of Customer Service
BetOnline is one of the fastest growing online sportsbooks available on the world wide web and growing by leaps and bounds, each and every year. They continue to grow each year due to amazing sportsbook and their goals of pleasing the client, that puts an emphasis on the ‘Focus on the Player’ approach to sports betting.
At BetOnline, they offer their clients the ability to bet at their world famous sportsbook, wager on horses at tracks around the world, play various games in their state of the art casino and take part in various poker games.
History & Background
BetOnline has been in operation since 2001. When they first started taking wagers, they were operating under the name BestLineSports. In 2004, the company relocated and became BetOnline.
They currently operate out of Panama City, Panama and are licensed within the Government of Panama. Their amazing staff of management has been in the sports betting industry since 1991!
Pros: Reasons to Bet at BetOnline
One of the top reasons to bet at BetOnline is the fact that they release their odds and lines earlier than all of the other online sportsbooks. This is a great asset for gamblers that like to wager on the early lines in NFL and MLB. Having the ability to wager on the early lines, before the injury report comes out is an awesome feature to have!
Another reason to bet with BetOnline is the fact that they will take clients from all 50 states. Many online sportsbooks will not take clients from certain states and as a matter of fact, BetOnline is the only sportsbook that I have found that will take clients from the State of Maryland. For those in questionable states, it pays to have a website like BetOnline so that you can gain the benefit of having a website to wager.
The final item we want to talk about is BetOnline’s 50% Lifetime Bonus Guarantee. For each deposit between $50.00 and $1,000.00, you will be eligible for a 50% bonus in the sportsbook. This is a tremendous feature to have considering 50% is a significant amount of money and is good for the lifetime of the account!
Cons: Areas of Improvement for BetOnline
One of the areas that needs improvement for BetOnline is their very high credit card fees. They charge their clients 6% fee for any and all credit card deposits to cover their fees charged by the credit card companies. There aren’t many online sportsbooks that still charge a credit card fee but BetOnline still charges these fees.
The second complaint we have, that really isn’t a big deal as most of your transactions will probably be handled online and you really don’t have to speak with anyone, physically on the phone. When I have had to call in to speak with someone, there have been times when we will just say they weren’t the most friendly people to deal with. But that being said, like I said before, you truly don’t need to deal with them as most transactions are all done online.
BetOnline Bonus Details
BetOnline offers some of the best bonus structures that we have found in all of the world wide web. First and foremost, if you have a Bitcoin account and make a deposit using Bitcoin, you will receive a 100% bonus up to $1,000.00 on your first Bitcoin deposit. That is unheard of in the industry! Another nice bonus is the 50% welcome bonus that allows to you receive a 50% first time bonus for new accounts up to $2,500.00.
If you play the horse races, BetOnline offers 7% track rebates daily on wagers placed online, 4% on wagers placed over the phone. There is no minimum volume of wagers needed to receive this rebate.
- 100% Guaranteed Secure Deposits
- Human-Verified Bonuses
- Zero-Risk Betting with Industry-Grade Cyber Protection
Another great offer that BetOnline frequently runs is a first time risk-free bet. They offer $25.00 risk-free wagers for your first horse racing wager, for your first Live Betting Wager and a $50 free play for the first time you place your first mobile betting wager. They also offer a plethora of casino and poker bonuses that are available each and everyday!
BetOnline Banking Options
Making a deposit with BetOnline is fast, safe and secure. First and foremost, they offer their clients the ability to wager using Bitcoin, which has become the most popular form of electronic currency available to use that is secure and completely private. Bitcoin affords you the ability to join an online sportsbook website and make a deposit completely anonymous with the peace of mind of knowing your money is safe and secure due to their high levels of encryption.
BetOnline also allows their clients to make deposits via credit card, all though they do have that high credit card fee that we spoke about earlier. They also still accept checks and money orders, which makes it a possibility for anyone the wager online and to make a deposit in some way, shape or form.
BetOnline’s customer service team is available 24 hours a day, 7 days a week, 365 days a year! They are available to be reached via phone at 1-888-426-3661 or via email at [email protected]. If you are contacting them in reference to Poker or Casino, you can email them at [email protected] or [email protected].
Public View of BetOnline
Public view on BetOnline is really tough to judge. First and foremost, let me preface this by saying that prior to their poker site launch, BetOnline had a wonderful reputation. They were considered one of the best sportsbooks to wager on and still to this day, are still considered a great website to wager on.
That being said, when they went live with their poker site, they told everyone that they were on the Hero Poker Network but later research proved that they were actually housed on the Action Poker Network. There were many claims that they were lying about who they were utilizing for their poker site simply to market the new product in a brighter light. The reality is they are now part of the Chico Poker Network, which is formerly the Action Poker Network, and the misinformation truly didn’t affect anyone except the company as they created a headache on their own.
Another common complaint for BetOnline is several people claim that they have had money taken out of their account by BetOnline. Countless people have claimed that BetOnline has accused them of cheating and have refused to pay them their winnings but refused to provide any evidence against such allegations.
We have never personally had any of these issues but a simple Google search of the company will result in hundreds of these complaints. We would strongly recommend that you check the dates of the complaints as many of the issues that BetOnline dealt with were from early 2011-2012.
When it comes to putting our name next to a company, we take it very serious and seeing all of the complaints about this company truly does scare us but the reality is we have never had personal experience with any of the complaints that some people have complained about. With any company, you will have people that love it and some that will always find something to complain about. Until we have something happen to us or until we have some confirmed evidence that the company is operating under questionable practices, we will continue to recommend them.
They have always been good to us and as we said earlier, it is a great asset to have in your back pocket a online sportsbook that posts lines early and allows you to take advantage of the early lines.