Bankonbet review
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Bankonbet betting bonus
The Bankonbet betting welcome bonus will get you through at least the week. As far as the bonus amount goes, it’s average compared to what other sportsbooks in Canada offer.
Once you wager your deposit one time, it will be locked in with the bonus amount. You will have to complete the wagering requirement before you can withdraw any winnings. While it seems like a standard practice, many sportsbooks don’t ask of new customers to wager the deposit to credit them the bonus balance.
| Bonus | Offer |
|---|---|
| Match bonus | 100% up to $150 |
| Wager the deposit one time at odds of 1.50 (-200) or more to claim the bonus. | |
Bonus terms
On the other side of the offer, the bonus terms are fair at best. We can’t imagine how so many sportsbooks will continue to operate if they reduce the wagering requirement further. At 6x deposit and bonus amount, both the sportsbook and the new bettors have something to look forward to.
| Wagering requirement (WR) | 6x deposit + bonus |
| Minimum qualifying odds | 2.00 (+100) single bets, Parlay bets 1.50 (-200) each. |
| Minimum qualifying deposit | $30 |
| Sports restrictions | None |
| Time to complete WR | 30 days |
| Restrictions | Early cashout, System bets, Void bets and any Casino bets |
Only single and multibets contribute to the wagering requirements. Any System bets you place will not count towards the completion of the wagering requirement. Also, you can’t play at the online casino. There is a different bonus for casino play that comes with much higher wagering requirements.
Bonuses for existing customers
Bankonbet offers a diverse range of betting promotions tailored primarily to appeal to fans of European sports like table tennis and soccer, as well as specific promotions designed for eSports enthusiasts.
| Cashback bonus | 10% up to $750 |
| Accumulator boost | Up to 100% |
| Cyber Fifa Boost | 25% up to $75 |
| eSports Stakeback | 50% up to $75 |
| Table Tennis free bet | $15 |
| 2 Goals Ahead Payout | Early Payout |
| Bore Draw | 100% refund |
| Weekly reload bonus | 50% up to $750 |
For those interested in American sports, the Accumulator Boost is particularly beneficial, offering to double your potential earnings with 21 matches on the betslip. The Bore Draw and the 2 Goals Ahead Early Payout are geared to popular soccer events.
VIP program
Based on our experience, the tangible benefits of the VIP program at Bankonbet become noticeable once you reach Level 3. Prior to this, you will not receive any cashback bonuses, and it is unlikely that your monthly withdrawals will exceed $15,000.
| Level | Cashback | Monthly withdrawal limit | Personal account manager |
|---|---|---|---|
| 1 | 0% | $10,500 | No |
| 2 | 0% | $15,000 | No |
| 3 | 5% | $18,000 | No |
| 4 | 10% | $23,000 | Yes |
| 5 | 15% | $30,000 | Yes |
The VIP program at Bankonbet, like many others, rewards more frequent betting with quicker progression through the VIP levels. Additionally, Bankonbet offers exclusive VIP promotions and other financial privileges which are accessible through your Account dashboard. This is not a program to pursue actively unless you are a high-volume bettor, as the real perks start to kick in from Level 3 onwards.
Banking with Bankonbet
The cashier section at Bankonbet Sportsbook offers no surprises, providing a broad array of standard deposit methods. These include cards, e-wallets, online banking, prepaid cards, and cryptocurrencies. Bankonbet ensures transparency regarding all terms that could impact your experience, such as deposit limits, fees and expected payout times.
Deposit with CashtoCode at Bankonbet
For those who prefer a discreet way to deposit in CAD at Bankonbet, CashtoCode is an excellent choice. You can deposit amounts ranging from $20 to $1,500 by combining up to six vouchers, each valued at $250.
Here’s a guide on how to deposit at Bankonbet using CashtoCode:
- Visit Bankonbet by clicking on the Play button.
- Register an account and verify your email.
- Select CashtoCode in the cashier as your deposit method.
- Provide the amount you wish to deposit.
- Provide the 20-character PIN code on your eVoucher.
- The transaction is complete, and you can place your first real money bet in a couple of minutes.
Other deposit methods
If you're looking for an alternative to CashtoCode, Interac is a highly recommended option, although it's not as discreet. With Interac, you can deposit amounts ranging from $10 to $3,000. Other available options include various prepaid cards and e-wallets.
| Deposit method | Limits |
|---|---|
| Interac | $10 – $3,000 |
| MasterCard | $20 – $4,000 |
| Neosurf | $20 – $10,000 |
| Payz | $20 – $10,000 |
| Flexepin | $20 – $500 |
| eZeeWallet | $20 – $10,000 |
| Jeton | $20 – $10,000 |
| MiFinity | $15 – $3,750 |
| MuchBetter | $20 – $10,000 |
| Tether | $20 – $10,000 |
| Bitcoin | $45 – $10,000 |
| Litecoin | $20 – $10,000 |
| Ethereum | $20 – $10,000 |
| USD Coin | $20 – $10,000 |
| DAI | $20 – $10,000 |
| DOGE | $20 – $10,000 |
| TRON | $20 – $10,000 |
For those who prefer to use the same method for both deposits and withdrawals, Payz, MuchBetter and MiFinity are a viable choice.
Withdrawal methods
The most convenient method for withdrawals is Interac e-Transfer. If you have previously used Interac e-Transfer for withdrawals from any gambling site, you can proceed without additional setup. However, if it's your first time using Interac for withdrawals, you may need to coordinate with your bank initially.
| Withdrawal method | Limits |
|---|---|
| Interac e-Transfer | $20 – $3,000 |
| Payz | $20 – $10,000 |
| eZeeWallet | $20 – $2,500 |
| Jeton | $20 – $10,000 |
| MiFinity | $15 – $3,750 |
| MuchBetter | $20 – $10,000 |
| Tether | $20 – $10,000 |
| Bitcoin | $60 – $10,000 |
| Litecoin | $20 – $10,000 |
| Ethereum | $20 – $10,000 |
| USD Coin | $20 – $10,000 |
| DAI | $20 – $10,000 |
| DOGE | $20 – $10,000 |
| TRON | $20 – $10,000 |
Other withdrawal options that support CAD include MuchBetter, Jeton, MiFinity, and eZeeWallet.
Some user reviews have indicated a lack of awareness regarding the Know Your Customer (KYC) procedures at Bankonbet. To ensure you can withdraw your funds within the expected timeframe of one to three days, it is crucial to verify your identity and residential address as soon as you make your first deposit. This step is essential for smooth and timely withdrawals.
Customer support
During our review of Bankonbet Sportsbook, we conducted a test of their customer support. The test revealed that the support agents are well-informed about the terms of service and exhibited a high level of professionalism. Even when faced with persistent inquiries, the agents maintained their composure and provided clear instructions on the necessary steps to follow.
However, the FAQ section at Bankonbet is quite basic, addressing only the most fundamental queries. This is a common trait observed across many Canadian betting sites. For those who prefer to have a documented record of their interactions with customer support, using email support is advisable. Please note, though, that it may take up to 48 hours to receive a response.
Is Bankonbet safe?
Bankonbet Sportsbook's Trustpilot rating of 1.7 primarily stems from user complaints about unexpected account closures, notably from regions outside Canada. Most of these grievances target the casino section rather than the sportsbook, yet they are worth considering.
| Trustpilot rating | 1.7 |
| Launch date | 2022 |
| License | Curacao |
| Parent company | Rabidi N.V. |
| Affiliate program | WowPartners |
The platform is deemed secure, being a part of the reputable Rabidi N.V. network. It's worth mentioning that typically, online review platforms like Trustpilot may disproportionately represent dissatisfied customers. Bankonbet has been operational since early 2022, which means there’s enough of a track record to consider.
Betting with Bankonbet
Bankonbet Sportsbook caters to a variety of betting preferences and interests, ensuring that its offerings meet the expectations of diverse bettors. They prioritize major North American leagues by featuring NBA, MLB, NFL, NHL, and NCAAB prominently in the ‘Top League' menu for easy access to popular Canadian events. UEFA Champions League and Premier League matches are also prominently showcased.
Navigating to other leagues is streamlined with the search bar functionality.
The scope of betting markets at Bankonbet Sportsbook is comprehensive, with an impressive roster of 37 sports available, though this number may vary with the seasons.
Betting Features
Bankonbet Sportsbook offers a range of “quality of life” features that enhance the betting experience. These include Early Cashout and Bet Builder, along with the option to switch between various odds formats to suit individual preferences.
However, the sportsbook currently lacks a partial cashout option and did not offer live streaming for the matches we evaluated. Furthermore, the website's design doesn't clearly indicate which events are eligible for ongoing promotions, particularly for those labeled as ‘New Customers'.
Live Betting
Navigating to the live betting section at Bankonbet could be more intuitive. To access it, you need to go through the sportsbook section, as there isn't a direct link from the left-hand side or the main menu. This design indicates that the interface might not cater as efficiently to those who focus primarily on live betting.
Once you're in the live betting area, you're able to identify which matches are available for live streaming and broadcasting.
A point of contention is the speed of odds updating. We noticed a significant delay in odds update, with the odds disappearing for longer intervals than what we've experienced with other sportsbooks, such as 1Bet.
Live Streaming
Live streaming at Bankonbet comes in two variants: video feeds and audio commentary, both offering a solid live betting experience without the necessity of having a funded account to access the streams.
During our evaluation, we found live streams for a range of sports including soccer, table tennis, tennis, basketball, hockey, volleyball, eSports, cricket, and handball.
The video feed is of high quality and there are some user-functions that allow to change the size of the video feed, volume control and set the quality of the feed, in case you have a slower internet connection.
Odds Comparison
In our odds comparison, we assessed Bankonbet Sportsbook against 1Bet and BetRiot using the example of the Chicago White Sox vs. Atlanta Braves game. Bankonbet's odds are average but fair. Compared to 1Bet, Bankonbet's odds come with lower betting margins, making it a more favorable choice for bettors.
Between Bankonbet and 1Bet, the betting markets were largely similar, aside from a few unique novelty bets found on 1Bet. BetRiot matched Bankonbet in terms of the odds and available betting markets, indicating that they offer comparable betting environments.
| Chicago White Sox vs Atlanta Braves | Bankonbet | 1bet | BetRiot |
|---|---|---|---|
| Home | +185 | 179 | 185 |
| Away | -230 | -250 | -230 |
| Margins | 4.77% | 7.27% | 4.77% |
Bankonbet Sportsbook App and User Interface
Betting with a site operated by a prominent company like Rabidi offers the advantage of familiarity and ease of navigation, particularly if you have experience with their other betting platforms. Bankonbet Sportsbook allows users to swiftly locate their events of interest using an advanced search bar. However, the user interface can become quite busy due to the extensive range of sports odds available. It's usually best to locate the event first and then explore the available betting markets.
While the Bankonbet Android app isn't a necessity, it is recommended for those who plan to bet regularly. Unfortunately, due to its Curacao license, the app isn't hosted on the Google Play Store or the App Store.
Conclusion
Bankonbet Sportsbook primarily functions as an online casino, with its sportsbook features playing a supporting role. Nevertheless, it manages to deliver robust offerings that can rival those of more betting-focused sites. Our review suggests that Bankonbet is a solid choice for casual bettors. However, serious bettors may seek more timely live odds updates and extensive live streaming options. The lack of a partial cashout feature may also be a drawback for more dedicated sports betting enthusiasts.
Alternatives to Bankonbet Sportsbook
- Top class live betting
- Live streaming and broadcasts
- Full and partial cashout
- Bet Builder promotion
- Licensed in Curacao
- Slightly higher betting margins
- Great sports offer
- Decent betting odds
- Variety of ongoing betting promotions
- Optimized user interface
- Licensed in Curacao
- No live streaming
- Great sports offer
- Decent betting odds
- Early cashout
- Optimized user interface
- Live video streaming
- Licensed in Curacao
- Fewer promotions than average
Bankonbet Sportsbook's main drawback lies in its casino-first approach, with a more pronounced focus on casino gaming over sports betting. To bridge this gap, alternatives like 1Bet, Sportuna, and Sportaza offer services more attuned to sports betting enthusiasts. These platforms provide a betting-centric experience, paying closer attention to the details that sports bettors appreciate. For those dedicated solely to betting, these alternatives might better serve your needs over Bankonbet Sportsbook.
FAQs
Yes, Bankonbet Sportsbook is a secure platform, holding a Curacao license. While this licensing is not the gold standard for reliability, Bankonbet is operated by the reputable Rabidi N.V., a well-established company in the industry.
Yes, Bankonbet allows you to cash out bets early, which can help manage volatility. The early cashout feature is available in full, and you'll find this option in the live betting section or on your bet slip on the right side of the screen when betting on a desktop.
No bonus codes are required to claim bonuses at Bankonbet Sportsbook. Simply follow the on-screen instructions when you navigate to the Promotions page or check the promotions available to you from the sidebar on the left within your account.
Bankonbet Sportsbook provides live streaming, with certain matches featuring live broadcasts. The selection is limited, but for fans of soccer betting or esports, the live streaming options are quite impressive.
Yes, the odds offered by Bankonbet are competitive, with margins below 5%, which is reasonable. To maximize value, it's advisable to leverage any betting promotions provided by Bankonbet Sportsbook.
Specification: Bankonbet review
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