Betonline Sportsbook Review For 2024 Covering Deposit Methods, Payouts & More
BetOnline Sportsbook
Available Deposit Options
Available Withdrawal Options
Accepted Countries
Pros
Cons
Why We Consider Betonline Sportsbook A Legitimate Sportsbook For USA And International Players
With Over 3 Decades In The Industry, Betonline Has A Lot Going For Them
We’ve been gambling online a long time, and BetOnline’s been around even longer than that. The site got its start in 1992 before rebranding in 2004, making it by far the oldest betting site of any featured in our online gambling reviews. Of course, older doesn’t mean outdated. As our BetOnline Sportsbook review points out, it might be a new year, but this is definitely not a new betting site. BetOnline AG is tried and true, and it’s home millions of US members.
But just because we like BetOnline Sportsbook and all the odds it has to offer, that doesn’t automatically mean you’ll like it, too. That’s why we’ve taken the time to outline all the site’s strengths and shortcomings in this BetOnline Review for 2021. After all, the market is full of contenders, and there can only be a few operators at the top of the heap. Read on to find out if BetOnline deserves your online bet.
BetOnline Review Highlights – What To Demand From A Legitimate Online Sportsbook
There are many things to keep in mind when you’re picking a legal online sportsbook. First and foremost, the operator must be established and legitimate. But that only cuts out most of the chaff. If you want to skim the cream off the top, there are lots of other considerations that deserve your attention.
The most important of these (outside of legality) is the banking methods menu for deposits and withdrawals, especially for US players who have to contend with the UIGEA. Of course, that’s just another piece of the puzzle. There are plenty more.
We’ve put together this BetOnline review to not only tell you about the site, but to show you all the criteria that actually matter when choosing any online gambling site. We’ve been players in (and critics of) the industry for years, and we’ve seen our fair share of pretty much everything.
That’s why we’ve been able to put together this list of important site features to show you how BetOnline stacks up. Now, whether or not it stacks the odds in your favor is up to you, but by our reckoning, here’s what you can expect from BetOnline AG:
Reviewing A Few Of The Reasons Betonline Makes The Cut As A Top 3 Online Sportsbook
- Legally authorized to offer USA online sports betting in a legitimate offshore gambling jurisdiction (Panama City, Panama)
- State-of-the-art SSL and TLS encryption for all incoming and outgoing connections
- Longevity in the industry – Founded in 1992
- Excellent online reputation for all gambling services
- Open to most USA customers at 18-plus
- US-friendly deposit methods and payout options fully compliant with the UIGEA banking law
- Traditional banking options – Credit, debit, bank wires, money orders, etc.
- Modern banking options – 10+ top cryptocurrencies supported
- Reasonable limits for all deposits and withdrawals
- Standard sports betting bonuses for traditional deposit methods
- Enhanced sports betting bonuses for crypto deposit methods
- Sports betting account reload bonuses for life
- Timely delivery of all winnings via multiple payout options
- Guaranteed same-day payouts for all crypto withdrawals
- 100% mobile compatible – Works on all iPhones, iPads, and Android devices
- One account for all gambling markets (sports, casino, poker, horses)
- Responsive customer service available 24/7 via site chat, email, and telephone
Instructions For Signing Up A New Account At Betonline Sportsbook
While we encourage you to create your free BetOnline login and start using the site to bet sports online ASAP, we recommend reading the rest of this BetOnline review before doing so. You owe it to yourself – and your bankroll – to fully understand all the pros and cons of the site before joining.
Also, we strongly advise you to sign up at multiple different sports gambling sites in order to shop odds for the best payouts. For example, if you make BetOnline your primary sportsbook, that’s a great option, but you should also consider joining Bovada or MyBookie, too.
In the case of the latter, our MyBookie Sportsbook review gives the venue high praise for its often dramatically different betting odds, as you can sometimes win quite a bit more money there for the same exact wagers.
In other words, no online sportsbook is ever the “best” for every event, and you’ll need to compare their posted odds regularly. But you still need to sign up to take full advantage. At BetOnline, the registration signup process is simple:
- Navigate to BetOnline Sportsbook using any link on this page and click or tap the green “Join Now” button.
- Enter in all personal information as required, including an active mobile phone number for account verification. BetOnline never shares or sells your private data.
- Select deposit method.
- Follow the on-screen instructions to complete your deposit.
- Bet online at BetOnline!
Depositing Funds At Betonline Sporstbook, Casino & Poker Room (Updated For 2024)
American Express
Avalanche
Bank Wire Transfer
Binance Coin
Bitcoin
Bitcoin Cash
Cardano
Chainlink
Credit Cards
Cryptocurrency
Dogecoin
Ethereum
Litecoin
MasterCard
P2P
Prepaid Gift Cards
Ripple
Shiba Inu
Solana
Stellar
Tether
TRON
USD Coin
Visa
Betonline Cashier Instructions For Making Deposits
One of the biggest strengths of BetOnline – aside from its newly redesigned interface that puts the brand almost on par with Bovada Sportsbook in the looks department – is its bet funding menu. BetOnline supports the most online betting deposit methods of any major US-facing sportsbook, which means that you’ll never have a problem getting your account topped up.
BetOnline supports Bitcoin deposits along with 10+ altcoin options (TRON deposits, Litecoin deposits), Visa betting, Mastercard betting, AmEx and Discover gambling, and a large selection of traditional banking and retail money transfer options.
These each have different limits and deposit procedures, but BetOnline does a better job than any other operator in walking you through the depositing process.
In general, credit/debit/crypto options are the most straightforward – just enter your info and submit the form. If you wish to send a check, bank wire, or use a retail transfer service, BetOnline customer service walks you through the steps in a timely, attentive manner.
We wish all US online sportsbooks would put as much time and effort into streamlining their deposit processes like BetOnline does, with transfer limits, bonus options, and all relevant info clearly outlined right where you expect it to be.
Limits
Check out some of the limits for maximum deposits. Where other sites are nickel and diming players with max deposit limits, Betonline is welcoming the high roller action.
That being said, their 9.75% fee on all credit card deposits is high and makes it harder to walk away winner. So if it's at all feasible for you to use a crypto instead of a credit card for your deposit, please consider doing so.
A List Of All Deposit Methdos Options Offered At Betonline Including Min/Max Deposit Amounts, Transaction Speed, Fees And More
| Deposit Name | Min Deposit | Max Deposit | AVG Time | Fee | Notes |
|---|---|---|---|---|---|
| American Express (AMEX) | $25 | $5,000 | instant | 9.75% | 9.75% fee on all credit card deposits |
| Apecoin (APE) | $20 | $100,000 | 1-60 minutes | no added fees | |
| Avalanch (AVAX) | $20 | $100,000 | 1-60 minutes | no added fees | |
| Bank Wire Transer (Wire) | $500 | $10,000 | 3 hours | 3% | send up to $25K per week |
| Binance Coin (BNB) | $20 | $100,000 | 1-60 minutes | no added fees | |
| Bitcoin (BTC) | $20 | $500,000 | 1-60 minutes | no added fees | preferred method for high rollers due to the allowed limits for BTC |
| Bitcoin Cash (BCH) | $20 | $100,000 | 15 minutes | no added fees | |
| Cardano (ADA) | $20 | $100,000 | 15 minutes | no added fees | |
| Chainlink (Link) | $20 | $100,000 | 15 minutes | no added fees | |
| Credit Cards | $25 | $5,000 | instant | 9.75% | 9.75% fee on all credit card deposits |
| Crypto-Currency (CRYPTO) | $20 | $100,000 | 15 minutes | no added fees | |
| Discover Card (DISC) | $25 | $5,000 | instant | 9.75% | 9.75% fee on all credit card deposits |
| Dogecoin (DOGE) | $20 | $100,000 | 15 minutes | no added fees | |
| Ethereum (ETH) | $20 | $100,000 | 10-60 minutes | no added fees | |
| Litecoin (LTC) | $20 | $100,000 | 3 minutes | no added fees | |
| Mastercard (MC) | $25 | $5,000 | instant | 9.75% | 9.75% fee on all credit card deposits |
| Money Order | $300 | $9,000 | 3 minutes | no added fees | |
| Person To Person (P2P) | $100 | $600 | 60 minutes | no added fees | |
| Polygon (MATIC) | $20 | $100,000 | 3 minutes | no added fees | |
| Ripple (XRP) | $20 | $100,000 | 5 minutes | no added fees | |
| Shiba Inu (SHIB) | $20 | $100,000 | 5 minutes | no added fees | |
| Tether (USDT) | $20 | $100,000 | 5 minutes | no added fees | |
| USD COIN (USDC) | $20 | $100,000 | 5 minutes | no added fees | |
| Visa | $25 | $5,000 | instant | 9.75% | 9.75% fee on all credit card deposits |
Cashing Out Winnings At Betonline Sportsbook (Updated For 2024)
Available Withdrawal Methods
Bank Wire Transfer
Bitcoin
Bitcoin Cash
Cardano
Chainlink
Check
Cryptocurrency
Dogecoin
Ethereum
Litecoin
P2P
Ripple
Shiba Inu
Solana
Stellar
Tether
USD Coin
How To Request A Payout At Betonline.ag
Once you’ve gone through the deposit process, claiming a BetOnline payout is easy. As with deposits, of course, our BetOnline payout review pegs the operator as the best, most versatile in the industry.
That said, we highly recommend that you claim your winnings in cryptocurrency, as this is the only same-day payout option and comes with no added fees of any kind. As a matter of fact, Betonline is known for processing all crypto payouts within an hour.
Other methods generally require a few more hoops to jump through, take several days, and eat into your winnings a bit with various processing surcharges. Still, every option offered works as advertised and is fully guaranteed, so there’s no bad choice.
Note: Not all deposit/payout methods listed above are always available. In the case of crypto altcoins in particular, BetOnline occasionally disables support for certain options. This has to do with the volatility of the crypto market, and you can expect to see these options relisted at any time.
More Information Cashing Out At Betonline Covering Min/Max Deposit Amounts, Payout Speed, Fees And More
| Deposit Name | Min Deposit | Max Deposit | AVG Time | Fee | Notes |
|---|---|---|---|---|---|
| Apecoin (APE) | $50 | $100,000 | 1-48 hours | no added fees | Apecoin (APE) payouts are usually processed within the hour, but can take up to 48 hours |
| Bank Wire Transer (Wire) | $500 | $25,000 | up to 6 hours | 3% | $45 fee plus 3% of total payout |
| Bitcoin (BTC) | $20 | $100,000 | 1-48 hours | no added fees | Bitcoin (BTC) payouts are usually processed within the hour, but can take up to 48 hours |
| Bitcoin Cash (BCH) | $20 | $100,000 | 1-48 hours | no added fees | Bitcoin Cash (BCH) payouts are usually processed within the hour, but can take up to 48 hours |
| Cardano (ADA) | $20 | $100,000 | 1-48 hours | no added fees | Cardano (ADA) payouts are usually processed within the hour, but can take up to 48 hours |
| Chainlink (Link) | $50 | $100,000 | 1-48 hours | no added fees | Chainlink (LINK) payouts are usually processed within the hour, but can take up to 48 hours |
| Check By Courrier | $500 | $2,500 | up to 7 days | no added fees | will be an international check and must be deposited into bank account |
| Crypto-Currency (CRYPTO) | $20 | $100,000 | 1-48 hours | no added fees | Crypto (CRYPTO) payouts are usually processed within the hour, but can take up to 48 hours |
| Dogecoin (DOGE) | $20 | $100,000 | 2 hours max | no added fees | Dogecoin (DOGE) payouts are usually processed within minutes, but can take up to 2 hours |
| Ethereum (ETH) | $50 | $100,000 | 1-48 hours | no added fees | Ethereum (ETH) payouts are usually processed within the hour, but can take up to 48 hours |
| Litecoin (LTC) | $20 | $100,000 | 1-48 hours | no added fees | Litecoin (LTC) payouts are usually processed within the hour, but can take up to 48 hours |
| Money Order | $500 | $4,500 | within 7 days | $80 | one money order payout allowed per week |
| Person To Person (P2P) | $50 | $400 | within 5 days | $26-$51 | only one person to person withdrawal allowed per week |
| Ripple (XRP) | $20 | $100,000 | 1-48 hours | no added fees | Ripple (XRP) payouts are usually processed within the hour, but can take up to 48 hours |
| Shiba Inu (SHIB) | $50 | $100,000 | 1-48 hours | no added fees | Shiba Inu (SHIB) payouts are usually processed within the hour, but can take up to 48 hours |
| Solona (SOL) | $20 | $100,000 | 1-48 hours | no added fees | Solona (SOL) payouts are usually processed within the hour, but can take up to 48 hours |
| Stellar XLM | $20 | $100,000 | 1-48 hours | no added fees | Stellar (XLM) payouts are usually processed within the hour, but can take up to 48 hours |
| Tether (USDT) | $20 | $100,000 | 1-48 hours | no added fees | Tether (USDT) payouts are usually processed within the hour, but can take up to 48 hours |
| USD COIN (USDC) | $20 | $100,000 | 1-48 Hours | no added fees | USD Coin (USDC) payouts are usually processed within the hour, but can take up to 48 hours |
Betonline Bonuses And Promotions for December, 2024
Current Welcome Bonus At Mybookie For First Time Depositors
BetOnline – more than any other USA sportsbook we’ve ever used – really goes above and beyond in the promotions department. The site has dozens of active promos at any time.
These include standard offers, enhanced BetOnline Bitcoin/crypto bonuses, and event-specific bonuses for just about every marquee game or contest on the weekly schedule.
In general, the following BetOnline promos are what new and returning members will see when they log in:
- BetOnline Sports Signup Bonus – 50% Deposit Match Up To $1000 (BetOnline Promo Code: BOL1000, 10X rollover)
- BetOnline 1st Time Crypto Bonus – 100% Deposit Match Up To $1000 (BetOnline Promo Code: CRYPTO100, 14X rollover)
- BetOnline Sports Reload Bonus – 25% Deposit Match Up To $250 (BetOnline Promo Code: LIFEBONUS, 5X rollover)
- BetOnline Crypto Reload Bonus – 35% Deposit Match Up To $350 (BetOnline Promo Code: CRYPTO35, 8X rollover)
- BetOnline Bitcoin Boost – 5% Bitcoin Bonus (10X rollover)
- BetOnline Refer-A-Friend Bonus – 200% Match Up To $200 Per Referral (5X rollover)
- BetOnline Event Predictors – Event-Based Raffle Drawings For Cash Prizes
- BetOnline Event Contests – Weekly Betting Contests For Cash Prizes
BetOnline also offers a host of other online gambling bonuses for things like making your very first prop bet using the BetOnline Prop Builder ($25 risk-free bet), making your first live sports bet ($25 free play), placing your first mobile sports bet ($50 free play), and more.
Check out the BetOnline Bonus page once you’re logged in to see all the current offers.
Loyalty Rewards Program At Betonline Sportsbook
Unlike the other top US sportsbooks we recommend, BetOnline does not have a typical rewards program for sports bettors. Instead, the site hosts the annual BetOnline Loyalty Week. This typically takes place during the NFL betting season around late October.
During Loyalty Week, players can earn various boosts and free plays for making fresh deposits, betting on certain games, placing specific futures wagers, and taking advantage of special odds boosters. Each Loyalty Week brings something different to the table, so be sure to keep your eyes on your inbox.
Types Of Sports Bets Available At Betonline Sportsbook
BetOnline has all the features you expect on the technical side of things. You can pick whether you want odds represented via the American moneyline system, the fractional odds system, or the decimal odds system. You can also customize your favorite sports menus to cut down on how long it takes you to place an actual wager for any given contest.
However, before you do any of that, it’s incumbent on you to know exactly how each general betting category works. The following are the main types of wagers you’ll come across at BetOnline AG:
- Straight Line Money Bets: Pick a winner with no handicapping. This kind of bet is often just referred to as a “straight” or “straight-up” wager. Favorites pay out less than underdogs.
- Spread Bets: Pick whether a given team will win by (or lose by no more than) a certain point total. Favorites and underdogs usually have the same payouts.
- Over/Under Bets: Pick whether or not you think the combined total score of a given game will be more than (over) or lower than (under) the number posted by the bookmaker.
- Player Prop Bets: Bet on any individual statistic for any player in any given game. Player props are usually over/under or “yes/no” bets. Usually, the bigger the contest, the more player props there are to choose from.
- Team Prop Bets: Bet on any team-based statistic in any given game. Team props are like player props and cover most of the same stats, though applied to entire teams or parts of teams (i.e. offenses, defenses, special teams, etc.).
- Game Prop Bets: Bet on any in-game outcome not related to winners and losers. Examples of game props include how many ejections there might be, how long a game will run, and similar fare.
- Futures Bets: Bet on long-term props, like division/conference champions, whether or not a given team makes the playoffs, the overall season champion, MVP odds for specific players, and so on. The longer out you place a futures bet, the more it usually pays out.
- Specials Bets: Specials bets are any wagers that aren’t listed above. These run the gamut and often include custom requests, cross-sport parlays, niche markets for current events and one-offs, and more.
Sports Betting Markets Offered By Betonline
Despite BetOnline’s expertise regarding deposit methods and withdrawal options, it wouldn’t be worth too much as an online sports betting site without a huge betting menu. To that end, BetOnline doesn’t disappoint.
Frankly, for most betting markets – especially niche markets like eSports betting, entertainment betting, and political betting – BetOnline has the most odds of any major player in the space.
And naturally, you can expect thousands of daily lines on all the standard fare, including action from the following markets (just to name a few):
Available Sports Leagues To Bet On
- NFL Football
- MLB Baseball
- NBA Basketball
- NHL Hockey
- MLS Soccer
- College Football
- College Basketball
- eSports (LOL, CS:GO, WOW, Dota 2, Madden, etc.)
- International Soccer (La Liga, Premier, Bundesliga, etc.)
- International Baseball/Basketball/Hockey
- Rugby
- Cricket
- Tennis
- Golf
- Motocross/NASCAR
- Summer/Winter Olympics
- Combat Sports/Boxing/UFC
- Parlor Sports (Darts, Bowling, Pool, etc.)
- Current Events
- Politics
- Virtual Sports
- Sports Sims
- + More!
Mybookie Prop Bettor Tool
BetOnline launched its custom prop builder in 2021 at about the same time MyBookie did – and about six months after Bovada did. And while Bovada gets props for being the first to release a prop builder, none of the sportsbooks we recommend scores any more points than its competitors, here.
That’s because all three sites’ custom props tools are the same thing. They’re not basically the same thing, mind you. They are the same exact thing. Made by the Prop Kingz brand, the prop builder at BetOnline – and at its competing sportsbooks – is a third-party plugin.
That said, it’s far from generic. The Prop Kingz software is intuitive and comprehensive, and it allows you to make any player prop, multiple player prop, or parlay bet with just a few clicks or taps. The BetOnline Prop Builder adds an almost infinite number of wagers to the daily docket, and it even allows you to buy points and sell points to move the odds and payouts accordingly.
The only caveat is that the prop tool at BetOnline replaces regular player and team props. That is, if you use the props builder software, you may get different payouts than you’d receive when sorting through the basic props selection within each specific game’s betting menu.
Still, most of the time, we like the convenience and ease-of-use that the BetOnline Prop Builder offers. At the very least, it saves us a lot of time in the hunting and pecking department.
Betonline Mobile App - Play Real Money Casino Games, Bet On Sports Or Play Poker
Live In-Game Sports Betting Options At Mybookie
The best thing we can say about BetOnline live sports betting is that BetOnline actually has live sports betting. That might sound less than complimentary, but no reputable sportsbook really separates itself from the pack by having live in-game odds anymore. Live betting used to be a rarity, but as online technology has advanced, it’s now a standard feature across the board.
That’s not to say that the BetOnline live sports gambling experience isn’t a good one or that it’s not up to other sites’ standards, because it’s both! It’s just that live betting is now one of those things where if an operator doesn’t have it, you know to stay away.
We enjoy BetOnline live betting, and the site features live odds for all the day’s games on the front page when you sign in. Just be sure to bet quickly when you see a line you like and always double check your ticket before you submit it. Live odds update in real time whether you’ve put them in your betting slip or not, and any hesitation can cause you miss out on a big potential payday.
Other Gambling Markets Available At Betonline
BetOnline is primarily a sportsbook, but it’s not just a sportsbook. In fact, it’s one of only two major USA-friendly online gambling sites that features every possible betting market.
BetOnline AG offers members access to sports betting odds, online casino games, an online poker room, and an international horse racebook. If you can bet on it online, you bet you can bet on it online at BetOnline. Or something.
Unlike Bovada Casino and Café Casino, BetOnline is one of the few big brands that doesn’t use Realtime Gaming software for its hundreds of RNG (random number generation) real-money online casino games. Instead, the site mainly hosts Betsoft games. Betsoft is a well-established software brand that makes games for both the online and retail gambling markets.
At BetOnline Casino, you’ll get plenty of real online slots, online blackjack, online roulette, and other table games, as well as access to a live-dealer casino with options from both Fresh Deck Studios and Visionary iGaming.
Play Real Money Poker At Betonline
The BetOnline poker room is an industry mainstay for online poker players, and you actually have two options: You can play right through you web browser on your home computer or mobile device, or you can download the BetOnline poker software to your Windows or Mac desktop or laptop.
In either case, you get access to all the same cash table games, Sit-N-Go events, and online poker tournaments. Games start around the clock, and there’s always room at the digital felts whenever you’re ready to ante up and go all in.
Bet On Horses At Betonline Sportsbook
Online horse racing betting is often overlooked, but it’s actually a robust gambling market. In the US, most states offer some form of legal domestic online horse betting, but your options are limited to placing parimutuel wagers.
If you play the ponies at the BetOnline, however, you can place futures bets on major Triple Crown races and other marquee meets, and you can bet on countless horse futures odds you won’t find anywhere else. Races at tracks from the US, UK, the Middle East, Australia, Japan, and more are featured daily.
Other Sportsbooks To Consider
Bovada Sportsbook 4.7
MyBookie Sportsbook 4.5
BetOnline Sportsbook 4.2