BetOnline Sportsbook Review!
Sports fans in the US might be wondering where to find a legal online sportsbook. There are many contenders, with sites operating out of places like Canada and the UK. However, the best online sportsbook in the business resides in sunny Panama City, Panama. BetOnline has been functioning for over a decade, gaining accolades from the likes of USA Today and FOX Sports. Known for developing long-lasting relationships with their members, BetOnline treats you like family, and rewards generously. Never get stuck without a reliable sportsbook again, BetOnline has all you could want and more.
In this article, we will review BetOnline’s sportsbook, and show you why we think it is the best out there right now. We will also clear the mist surrounding gambling laws and show you what you can and cannot do when it comes to playing online.
|BetOnline Location:||Panama City, Panama|
|Where is BetOnline Legal?||All US States|
|BetOnline Bonuses:||50% up to $1,000|
The laws surrounding online gambling can be tough to decipher. You might have heard hearsay about online sports betting being illegal. Misinformed people have spread these rumors, so we will lay out what the law really says in plain English in order to set the record straight. Back in 1961, US Congress passed the Federal Wire Act to stop organized crime and illegal racketeering from pervading the gambling world. This law criminalized the use of wire communication devices involved with sports betting. The significance of this law is was great at the time, but not so much now. With the advent of the internet and online gambling, the definition of “wire communication device” needed to be changed.
In 2006, the Unlawful Internet Gambling Enforcement Act (UIGEA) was passed to regulate the relatively new internet gambling craze. In order to stop the proliferation of illegal gambling establishments, the UIGEA banned internet gambling sites from functioning inside most of the US. Thus spoke the Federal Government, shattering US sports fans dreams forever… or did it?
In this case, the bark is much worse than the bite. It might sound like Americans are out of luck if there aren’t any land based sportsbooks around. Luckily, there are plenty of USA online sportsbooks. The UIGEA does not ban the act of betting on legitimate sites, it only restricts them from functioning within the US. As long as you are doing business at a reputable overseas establishment, you are within the letter of the law. BetOnline operates out of Panama City, Panama, where online wagering businesses are legal. They have been offering the best sports action around for over a decade, and are growing exponentially every year.
Is BetOnline A Safe Place To Bet Online?
A big thing to keep in mind when joining an online sportsbook is the reputation for safety. BetOnline has garnered praise from US media giants such as USA Today and FOX Sports for being one of the safest sportsbooks around. They use the most up-to-date security software and SSL protocols to ensure your information is secure. Doing business with BetOnline is as safe as doing so with sites like Amazon or eBay. You will never have to worry about anyone stealing your information, or hacking your account. BetOnline has maintained its stellar reputation by putting member safety as a top priority. Read some of the reviews scattered around the web, or the player testimonials to see why many consider BetOnline a virtual Fort Knox.
How Do I Signup At BetOnline Sportsbook?
Signing up at BetOnline is easy and quick. Just click on the “Click to Join” button and it will bring you to a signup page. Fill out some simple contact information including an email, and create a username and password. They will send you an email confirmation, and once you click on that, you are a full-fledged member of BetOnline. No matter where you reside in America, you can sign up at BetOnline.
What Are The Best Deposit Options At BetOnline?
After signing up at BetOnline, you will want to explore the site as a member, seeing what all the sportsbook offers. Before long you will be itching to bet some real money, this is the time to make your first deposit. BetOnline has some of the safest, and fastest, deposit methods in the business. To get started, head to the online cashier to choose your deposit method. Some methods are more popular than others, such as:
Credit/Debit card – By far the most popular deposit method is using a credit/debit card. Just enter your card information, along with the deposit amount, and your account will be credited within minutes. There is a minimum deposit of $50, and a maximum of $3,500, making this a great method for small-to-medium deposits.
Money Orders – Some players choose to avoid using banks, and even though BetOnline is secure, Money orders can be a great method for making deposits. Just purchase a money order at your post office, convenience store, etc… and express ship it to BetOnline. They will credit your account as soon as the money order arrives with the deposit amount AND they will cover the express fees. The minimum for a money order is $300, and the maximum is $9,000, making it great for large deposits.
BitCoin - A relatively new deposit method is BitCoin. If you have a BitCoin account, you can manage all of your BetOnline transactions with it. Just transfer your chosen amount from your BitCoin account to BetOnline’s BitCoin address, and it will credit your account within a few hours. BitCoin minimum is $20, and the maximum is $3,500, making it great for small-to-medium deposits.
There are a few less popular deposit methods such as NETELLER and Bank Wire Transfer. These each come with varying speeds of delivery and min/max amounts. Check out the online cashier to read up on all the deposit methods, or visit our dedicated deposits pages for in-depth analysis of each method.
In order to make overseas transactions affordable, fast, and hassle-free, there are small fees associated with the deposit methods. A credit/debit card deposit will charge less than 5% of the total deposit. Money Orders can come with fees from $25 to $45 depending on the deposit amount. BitCoin charges 2% of the deposit amount, as well as whichever exchange rates apply. Every method charges a small fee that correlates with the speed of delivery, and overseas transaction costs. You can be sure that BetOnline keeps these fees as low as possible.
BetOnline Payout Options For Sports Betting?
Once you’ve made a few bets, taken advantage of the Welcome Bonus, and had a pure blast, it will be time to collect your winnings. Making payouts at BetOnline is easy, just head to the online cashier, and choose which payout method you would like. Unfortunately, there are laws against sending electronic funds overseas for sportsbooks, so you will not be able to use a credit/debit card for payouts. This is only a minor hindrance, as there are many other fast payout methods. There are a few options to choose from, such as:
Check – By far the most popular payout method is via a good old-fashioned check in the mail. BetOnline asks you to wait up to 30 days, but most members receive their check within a week. After you receive you check you can deposit it at your local bank. The minimum for checks is $500, and the maximum is $2,500.
Bank Wire Transfer – This is a quick way to receive you winnings. Just email of fax BetOnline with your bank wire instructions, and the amount you would like to withdraw, and you money will be on its way. These usually arrive within a week, but can occasionally take up to ten days. The minimum is $500, and the maximum is $24,900.
BitCoin – Quickly becoming a popular way to make deposits and payouts, BitCoin is easy and fast. Just request the payout amount and BetOnline will credit your BitCoin account within 48 hours. You must have deposited via BitCoin in order to withdraw this way. Most BitCoin users make it their only method of depositing/withdrawing from BetOnline. The minimum for BitCoin payouts is $20, and the maximum is $3,500.
There are a few other payout methods, such as those not for USA players and Book-to-Book transfers, each with their own minimums/maximums. Check out the online cashier to read up on all the payout methods, or visit our dedicated payouts pages to get in-depth synopsis for each method.
Payout Fees: There are small fees associated with each payout method to cover the costs of international exchange. Checks come with a $25 flat fee, which isn’t much when you are withdrawing $500+. Bank Wire Transfers come with a $45 to $75 fee, depending on the amount withdrawn, making it a good method for large payouts. BitCoin comes with a fee of 2% of the total payout, a very small fee indeed. Check out the online cashier to read up on payout fees, or visit our payout fees page.
How Do I Place A Bet Once I fund My Account?
Once you have made your first deposit it’s time to make your first bet! Navigate to the sportsbook to see the lines on all your favorite sports. BetOnline offers a wide variety of sports including football, baseball, basketball, hockey, tennis, golf, soccer, racing, entertainment, and political props. Wherever your interests lie, BetOnline will have odds on it. There are straight bets, totals, money lines, parlays, futures, teasers, in game betting, and more. Head to the help section and check out the “wager types” to read about how each method works. There is also are great sportsbook FAQ that will answer any question you have.
What Sports Betting Bonuses Does BetOnline Offer?
The best thing about using an online sportsbook is the bonus material that you won’t find at land-based establishments. BetOnline never runs out of ways to earn you more money, and they are adding new promos every week. Joining now will make you eligible for a sweet 25% Welcome Bonus worth up to $1,000 in sports free-play money. Just send an email to the staff with the promo code that is listed on the promotions page, along with your first deposit, and you will be eligible to win a sizeable chunk of bonus money. This can pad you bankroll nicely, allowing you to explore all the sportsbook has to offer, and make a few bets, without putting a dent in your initial bankroll.
Members are also eligible to receive a Lifetime Bonus Guarantee when playing at BetOnline. Whenever it’s time for a reload, use the bonus code LIFEBONUS and you can receive a 25% bonus worth up to $1,000 in free-plays. No other site offers bonuses this good. You will be rolling in the cash at BetOnline before you’ve placed many bets. There are also Love Betting Free Plays, Mobile Betting Bonuses, MLB Dime Lines, and many more rewards awaiting you at BetOnline. Check out the promotions page to see what sweet action is coming your way as a certified member.
What Are The Best Features Of BetOnline?
Have you ever been in line at the grocery store, or lounging on a beach sipping cocktails, and realized that your favorite team is playing and how great it would be to put some money on the game? With BetOnline’s Mobile Betting, you will be playing the best lines from the palm of your hand. You can bet anytime, anywhere by simply signing in to the mobile version of BetOnline from your mobile device. There is no download, and it’s insanely fast thanks the cutting-edge software that runs everything at BetOnline. With Mobile Betting, you will never miss a game or event.
BetOnline Customer service
BetOnline has an award-winning customer service department. The live-chat feature is a godsend for those that like their questions answered promptly. There are native English speaking professionals on line at all times to help you with anything, 24/7, 365 days a year. There are also dedicated emails for each section of the site. Therefore, if you have a sportsbook-related question, you can send an email to the sports staff to have an expert help you. There is also a 24-hour toll-free number. BetOnline’s stellar service department will never leave you in the lurch.
For sports fans, there really is no beating BetOnline. With all the best, and most up-to-date sports lines, Mobile betting, mind-blowing bonuses, and world-class customer service, you will have your cake and eat it too at BetOnline.