Welcome to the fifth review in our series of sportsbooks that cater to people in the U.S. This review will discuss all the positive and negative aspects of the BetOnline sportsbook! We are not lawyers and do not get into the legal climate of gambling in the United States, however, a great reference can be found at Is Online Sports Betting Legal?
BetOnline is a great sportsbook that has grown on us the more we have used it. It makes our list of top sportsbooks, and we can say that it is very legit and is almost as good as the rest of the books on the list. For the full list see: Top 5 Online Sportsbooks for U.S. Players
BetOnline goes above and beyond the industry standard in that they offer an insane variety of options for deposit. W.U. and M.G. are options as well as different types of money transfers. One of the big benefits is that they accept the three most popular type of credit card in VISA, MasterCard and AMEX.
More recently, BetOnline started offering both Bitcoin and Litecoin as options for deposit. These cryptocurrencies have become much more popular and the preferred way to do transactions at the books.
We made our first deposit using a Visa card for the $50 minimum. We decided not too push the envelope with the testing of this sportsbook since there really weren’t any great signup promotions going on. The money was credited to our account within minutes and we were able to make our first bet shortly after.
Limits/Ease of depositing money: 10/10
The betting interface at the BetOnline sportsbook is by no means our favorite, but overall, it does the trick.
The look of the interface isn’t stellar. As one can see in the image above, there is the standard listing of sports listed on the left side of the page along with links to live betting. In the center of the page, there is a listing of all the games that come up under the sport that is selected.
The sports are very simple to navigate and manage in the left hand column, but the thing that throws us off the most is how the functionality works on the bet slip.
Once you mark a check box for the game that is to be bet, you must then go over to the bet slip and select which type of bet you wish to make (Straight Bet, Parlay & Robin, If Bet & Reverse, or Teaser & Pleaser). This simply feels strange and it actually takes a minute or two to figure out what to do next once one selects the team they want to be. Once you get a feel for this it isn’t a big deal, but if you bet on other sportsbooks then this will certainly feel funky every time you try and bet.
Everything else on the bet ticket is well designed and simple enough to use. The image to the left shows two sample bets and the options that are available. It is very easy to bet either a “risk” amount or a “to win” amount, and there is an option available to buy points on the line.
In conclusion, while it takes some getting used to the functionality of this system, it is still very usable.
Look and feel of the betting interface: 7/10
If there is one thing that stands out about the BetOnline sportsbook then it would have to be the consistency with their odds and availability of lines.
For starters, the minimum bet is only one dollar! If you have read any of our other reviews then you will know that we give a sportsbook bonus points for cheap minimum bets! Secondly, the lines are up very early for every sport and there isn’t a lot of juice on the early lines. You will see dime lines on every MLB game. (Note: A dime line means that if each team had a 50% chance of winning that you would have to bet $105 to win $100. The standard is that you need to bet $110 to win $100). Lastly, we are very impressed with the amount of futures betting that BetOnline has to offer. With it’s offerings in a variety of sports, it has the best selection of any sportsbook that we have reviewed.
Odds Prices and minimum bet limits: 10/10
We tried to be a sticklers and find some bad things to say about the BetOnline mobile site, but they have made that very difficult for us.
The design, layout, and functionality all seemed to be flawless on our Android-based smartphone. As one can see in the image to the right, the menus are all well displayed and it is simple to jump between sports and different types of bets. One can argue that it’s easier to place a bet on their mobile site than it is their web site. How they have such a pretty mobile site versus their desktop site is still is a bit of a mystery.
In conclusion, the only competition to the mobile sportsbook site of BetOnline would have to be the Bovada Sportsbook mobile site. I give both of them high marks and it is next to impossible to pick a winner between the two. As a group that places a majority of bets online, we think that this platform really gives BetOnline an edge over all it’s competitors.
Mobile Betting Platform: 10/10
BetOnline follows a common theme regarding all of the sportsbooks that we recommend in that they are very reliable with their payouts. BetOnline offers one free payout every 30 days by cashier’s check, but the minimum withdrawal amount is $500 dollars.
Through BetOnline was a little bit slow offering Bitcoin payouts for free, they have finally fallen in line and also offer this benefit. The current minimum withdrawal for Bitcoin is $20 while the maximum is $10,000. Other methods of withdrawal include bank wire, wire transfer, and NetTeller.
Ease and price of payouts: 8/10
There are a few things that stand out with the promotions that BetOnline offers. The first thing is that there is really no great sign on bonus when joining the sportsbook. Other sportsbooks around the web will offer a one time 50% bonus or free bet, and BetOnline does nothing of the sort. On a positive note, however, they do offer a lifetime guarantee of a 25% bonus on every qualified deposit when the proper promo code is used.
There are a few other benefits that the BetOnline sportsbook has to offer. For instance, they have a $25 live betting free play and a $50 mobile betting free play, but they are kind of a pain to redeem. In short, if you want a good sportsbook for great promotions then I suggest you look elsewhere.
Pro: Lines come out early and have a very low minimum bet.
Pro: Very low juice on most of their bets.
Pro: Excellent mobile web site. Works seamlessly on the smartphone.
Pro: Incredible selection of futures bets.
Con: Interface functionality can be a bit frustrating.
Con: There are no great sign up promotions.
The original review for BetOnline was done on 7/18/2013.
6/10/16: Added new deposit and withdrawal methods.
6/25/17: Added even more deposit and withdrawal methods. BetOnline is currently sitting at #3 on our list of top sportsbooks.
All in all, there is really a lot to like about BetOnline. Like every sportsbook, they have a few weaknesses, but as a whole, there really are a ton of great reasons to use these guys. As a futures fanatics, we do a ton of sports simulations to predict total team wins, champions and other things across a lot of the major American sports. With this in mind, we will always go to BetOnline to bet these because of their vast array of futures bets. Their mobile site is one of the best we’ve seen and makes it very easy to bet games very quickly through that method. And lastly, who can argue with the $1 minimum bet! We have BetOnline rated as our #3 sportsbook for U.S. players and we would certainly recommend these guys to anyone.
To sign up at BetOnline: Join BetOnline