Bankonbet review
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Bankonbet betting bonus
Bankonbet offers a welcome bonus in a form of a straightforward match bonus. It's a standard offer, yet it holds its ground because it matches what's available in the wider market. To claim this bonus, place your initial deposit and wager that amount fully on selections with odds of at least 1.50 (1/2).
| Bonus | Offer |
|---|---|
| Match bonus | 100% up to €100 |
| Wager deposit amount 1x on odds of 1.50 (1/2) or higher. | |
This bonus structure is in line with what you might expect from other CashtoCode betting sites, sporting similar conditions. With the minimum qualifying odds set at 1.50 (1/2), it’s an accessible target for bettors to reach, making it possible to capitalise on the full bonus amount.
Bonus terms
To access your winnings at Bankonbet, the wagering requirements say that both the initial deposit and the bonus must be bet six times over. This means that if you opt-in for the full €100 bonus, your total betting turnover needs to reach €1,200 to qualify for a withdrawal.
| Wagering Requirement (WR) | 6x deposit and bonus |
| Minimum Qualifying Odds | 2.00 (1/1) for single bets, 1.50 (1/2) for combo bets |
| Minimum Deposit | €20 |
| Sports Restrictions | None |
| Time to Complete WR | 30 days |
| Exclusions | Cashed-Out bets, System bets, Free Bets, Cash bonus bets |
The threshold for combo bets is set at 1.50 (1/2) per selection, which is standard and accessible for most bettors. However, the 2.00 (1/1) requirement for single bets is somewhat higher than average. There are no other bonus terms that might deter bettors from claiming this welcome offer.
Betting promotions for registered customers
Bankonbet's promotions are a great catch for bettors passionate about football betting. Aside from the Virtual Sport Excitement promo, football enthusiasts can leverage every promotion on offer. For customers who favour a variety of sports, there's a wide array of promotions available, except for the Virtual Sport Excitement and the 2 Goals Ahead offer.
| Weekly reload bonus | 50% up to €500 |
| Cashback bonus | 10% up to €500 |
| Boosted odds | Enhanced winnings |
| 2 goals ahead | Early payout |
| Accumulator boost | Up to 100% |
| Bore draw | 100% refund |
| Sports Jackpot | €15,000 prize pool |
| Horse Racing Reload Bonus | 50% up to €50 |
In our view, the only element that could further improve the deals at Bankonbet would be the inclusion of Boosted Odds, even if restricted to selected events. That said, Bankonbet has the infrastructure and technological capability to implement such offers at their discretion. Enhanced or boosted odds are an effective strategy to cut down on the sportsbook's margins.
There is also a horse racing reload bonus of 50% up to €50. It’s not much, but there are rare to come by.
VIP program
The VIP Program at Bankonbet acts as a supplement to the regular array of betting bonuses and promotions. One of the most tangible benefits is the progressive increase in the monthly withdrawal cap. Although the maximum monthly limit for VIPs is set at €20,000, we believe that top-tier members should have the flexibility for higher withdrawals. Should you need to withdraw more, it's advisable to coordinate with your assigned personal account manager.
| Level | Cashback | Monthly withdrawal limit | Personal account manager |
|---|---|---|---|
| 1 | 0% | €7,000 | No |
| 2 | 0% | €10,000 | No |
| 3 | 5% | €12,000 | No |
| 4 | 10% | €15,000 | Yes |
| 5 | 15% | €20,000 | Yes |
The cashback bonus becomes available on the Expert level, maxing out at 15% for Champions, which can modestly offset betting costs over time. However, it's important to note that a cashback bonus requires a loss to be activated, contrasting with a reload bonus which is applied to deposits regardless of wins or losses.
Banking at Bankonbet
Bankonbet caters to its Irish customers by offering a suite of payment methods suitable for deposits in EUR, including our very own CashtoCode.
Additional deposit and withdrawal options span a range of cards, diverse e-wallets, various cryptocurrencies and selected prepaid cards. Bankonbet is transparent with the banking terms, ensuring customers are fully informed about the specifics of deposit and withdrawal amounts, as well as the frequency with which these transactions can be made.
Depositing with CashtoCode at Bankonbet
Bankonbet accepts CashtoCode deposit in the range of €10 to €400. There are preset denominations of €10, €25, €50, €100, €200 and €400.
Here are the steps you should take if you want to deposit with CashtoCode at Bankonbet:
- Visit the Bankonbet website by tapping on the Play Now button.
- Register an account with Bankonbet.
- Select CashtoCode in the Cashier and select one of the deposit amounts.
- Select a nearby CashtoCode outlet to generate a barcode slip.
- Visit the outlet and present the CashtoCode barcode slip before making the payment.
- Once the cashier scans the barcode the transaction is complete.
Other deposit methods
The list of deposit options is extensive. It includes several e-wallet options, the flexibility of using debit or credit cards, and cryptocurrencies for more tech-savvy bettors. The deposit limits are tailored to accommodate a wide range of betting preferences, ensuring accessibility for both casual players and high rollers alike. Bankonbet provides transparency and detailed information regarding each deposit method to facilitate a smooth and secure experience for every customer.
| Deposit method | Limits |
|---|---|
| VISA | €10 – €2,000 |
| MasterCard | €10 – €2,000 |
| Rapid | €10 – €5,000 |
| Bank Transfer | €10 – €5,000 |
| Direct Bank Transfer (Volt) | €10 – €5,000 |
| Paysafecard | €10 – €1,000 |
| Skrill | €10 – €5,000 |
| Neteller | €10 – €5,000 |
| eZeeWallet | €10 – €2,250 |
| Jeton | €10 – €5,000 |
| MiFinity | €10 – €2,500 |
| Bitcoin | €30 – €5,000 |
| Tether | €10 – €5,000 |
| Litecoin | €10 – €5,000 |
| Ethereum | €10 – €5,000 |
| USD Coin | €10 – €5,000 |
| Binance | €10 – €5,000 |
| Dogecoin | €10 – €5,000 |
| SOL | €10 – €5,000 |
| SHIBAINU | €10 – €5,000 |
All the intricacies and conditions associated with each deposit method are made available to you in the Cashier after you've registered. If privacy is not an issue, selecting an e-wallet for transactions is advisable, as it often facilitates smoother withdrawals.
Withdrawal methods
The set withdrawal limits are generally on the modest side. However, should you strike it lucky with a significant multibet win, you will have to submit multiple withdrawal requests to get all your winnings.
| Withdrawal method | Limits |
|---|---|
| Credit card bank transfer | €10 – €1,000 |
| Visa | €10 – €3,000 |
| MasterCard | €10 – €3,000 |
| Rapid | €10 – €5,000 |
| Bank Transfer | €10 – €5,000 |
| Skrill | €10 – €5,000 |
| Neteller | €10 – €5,000 |
| eZeeWallet | €10 – €2,500 |
| Jeton | €10 – €5,000 |
| MiFinity | €10 – €2,500 |
| Bitcoin | €40 – €5,000 |
| Tether | €10 – €5,000 |
| Litecoin | €10 – €5,000 |
| Ethereum | €10 – €5,000 |
| USD Coin | €10 – €5,000 |
| Binance | €10 – €5,000 |
| Dogecoin | €10 – €5,000 |
| SOL | €10 – €5,000 |
| SHIBAINU | €10 – €5,000 |
Bankonbet is commits to processing all payout requests within a three-day period. It's important to note that this efficient timeline is contingent upon the completion of all identity verification steps and the submission of necessary documents as required by the Know Your Customer (KYC) regulations. You can’t bypass the KYC procedure.
Customer support
During our review of Bankonbet, we conducted a detailed evaluation of their customer support and found that the team showed an impressive understanding of the platform's terms and displayed professionalism.
| Live chat | Around two minutes |
| Email support | support@bankonbet.com |
| Phone support | Not available |
| FAQs | Basic |
While the FAQs section provides only the most essential information, which is a common trait we've observed across various betting sites, including those in Ireland, it serves as a starting point for resolving simple issues. For those seeking more detailed assistance and wishing to document their interactions, email support is recommended. Please be aware that responses via email may take up to 48 hours.
Is Bankonbet safe?
The modest Trustpilot score of 1.7 for Bankonbet appears to be primarily driven by feedback from users experiencing unexpected account closures, though it's worth mentioning that these customers are not from Ireland. The queries raised predominantly concern the casino section rather than the sportsbook offerings at Bankonbet.
| Trustpilot rating | 1.7 |
| Launch date | 2022 |
| License | Curacao |
| Parent company | Rabidi N.V. |
| Affiliate program | WOW Partners |
Despite the feedback on Trustpilot, Bankonbet is considered secure, backed by the reputable Rabidi N.V. It is common for online platforms to have a disproportionate number of reviews from unsatisfied customers, as they are more likely to share their experiences. Since its launch in early 2022, Bankonbet hasn't had a long history to draw from, which means there's limited information to fully assess its track record. Nonetheless, these initial insights could be valuable for potential users to consider.
Betting with Bankonbet
Bankonbet adapts its Top Leagues menu to feature the most relevant and trending leagues. During the review period, for instance, the UEFA Champions League was showcased, highlighting the match between Manchester City and Real Madrid.
The platform offers a search bar that provides immediate access to all leagues and sports, and you can effortlessly search for a team to find all related betting opportunities. Bankonbet boasts extensive sports coverage and the depth of its betting markets, with the Bet Builder function enhancing the variety of betting options. The interface allows toggling between decimal and fractional odds, catering to personal preferences.
Betting features
Bankonbet’s betting features are best described as semi-advanced. You can enjoy essential “quality of life” amenities such as Early Cashout and Bet Builder, and the odds format is customisable to your liking. However, the platform does not offer partial cashout, and live streaming availability for the matches inspected was not as comprehensive. The platform design does not straightforwardly indicate which events are eligible for ongoing promotions, which may lead to some confusion, especially for new customers.
Live betting
Navigating to the live betting section was found to be less intuitive, requiring entry into the sportsbook rather than providing direct access from the main menu or a dedicated button. This suggests the interface could be optimised for bettors who focus predominantly on live betting.
Once within the live betting area, it becomes clear which matches are accompanied by live streaming and live broadcasts. However, the review noted that the updating of odds could be sluggish, with a delay in odds refreshment that was less efficient than competitors like 1Bet.
Live streaming
Bankonbet provides live streaming in two formats to enhance the live betting experience. You can either watch the events through a live video feed or follow along with commentary. This dual approach ensures that you have a well-rounded and enjoyable live betting session, regardless of whether you prefer visual or auditory information.
During the time of our assessment, Bankonbet offered live streams across a diverse range of sports, including football, table tennis, tennis, basketball, hockey, volleyball, eSports, cricket, and handball. The service does not require a funded account for access, making it quite accessible.
The quality of Bankonbet's video feeds impressed us to the point of distraction; the clarity and smoothness of the streams significantly enhanced the overall experience of watching the matches live.
Odds comparison
Here's a highly anticipated match where the odds have been precisely calibrated. Bankonbet and Sportaza share the same platform and therefore typically offer identical odds, while 1Bet might present slightly less favorable margins. Nevertheless, 1Bet compensates for this with a superior platform, enhanced user-interface, and additional features, including the coveted partial cashout option.
| Borussia Dortmund VS. Atletico Madrid | Bankonbet | Librabet | 1Bet |
|---|---|---|---|
| Home | 2.30 (13/10) | 2.30 (13/10) | 2.25 (5/4) |
| Tie | 3.76 (69/25) | 3.76 (69/25) | 3.80 (14/5) |
| Away | 3.13 (213/100) | 3.13 (213/100) | 3.05 (2/1) |
| Margin | 2.02% | 2.02% | 3.55% |
For a game as significant as this, the odds are generally moderate. It becomes a strategy game for bettors to identify any discrepancies in the sportsbook's predictions and use them to their advantage.
Bankonbet app and user interface
Bankonbet harnesses the advantage of being part of a big gaming group and offers a platform where navigation is intuitive and finding specific events is streamlined thanks to a simple search bar. While the coverage of sports and odds might seem daunting at first, the platform is designed for easy event location, after which you can explore the betting markets as you please.
While there's no requirement to download a dedicated Bankonbet mobile app, it is recommended for customers who plan a long-term engagement. However, due to its licencing in Curacao, users can’t find the app in popular app stores such as Google Play or the App Store.
Conclusion
Bankonbet primarily positions itself as an online casino, with sports betting serving as an adjunct. Yet, it manages to deliver a robust betting experience that can stand toe-to-toe with platforms primarily focused on sports betting. Our review suggests that Bankonbet is well-suited for the casual bettor, but those with a more serious approach to sports betting might miss features like more dynamic live odds and extensive live streaming options. The lack of partial cashout features could also be a deterrent for seasoned bettors.
Alternatives to Bankonbet
- Live streaming
- Early Cashout
- BetBuilder
- Decent selection of ongoing promotions
- Easy navigation
- Licenced in Curacao
- Average odds
- Great sports offer
- Decent betting odds
- Variety of ongoing betting promotions
- Optimised user interface
- Live streaming
- Early Cashout
- Licenced in Curacao
- No partial cashout
- Great sports offer
- Decent betting odds
- Early cashout
- Optimised user interface
- Live streaming
- Licenced in Curacao
- Fewer promotions than average
For those who find Bankonbet's casino-centric approach less appealing, alternatives like SG Casino Sportsbook, Sportuna and Sportaza might be more appropriate. The platforms are almost identical, but the support was just slightly better. All of the sportsbooks are part of the Rabidi N.V. group. If you're into betting bonuses, you are eligible for all of them.
FAQs
Yes, Bankonbet is a secure betting platform licenced in Curacao. While the Curacao license may not be the most rigorous, the site's backing by the reputable company Rabidi N.V. enhances its credibility within the industry.
Bankonbet allows you to cash out bets early, offering a way to secure profits or minimize losses ahead of time. The full cashout option is available and can be accessed through the live betting interface or from your bet slip if you're using a desktop.
At Bankonbet, there's no need for a bonus code to activate bonus offers. You can simply adhere to the guidance provided on the Promotions page once logged in. For personalized promotions, you can also review what's available in the account section on the sidebar.
Bankonbet provides live streaming services, with some sporting events featuring live video feeds. The selection may be limited, but for sports like football and esports, the live streaming service is notably strong.
The odds at Bankonbet are competitive, with margins typically under 5%, which is generally considered favourable. To get even more value, it's advisable to use the betting promotions offered by Bankonbet in conjunction with your bets.
Specification: Bankonbet review
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