BetOnline Offshore Sportsbook 2022
BetOnline sportsbook is another very popular online sportsbook platform for US residents. While the site accepts players from the majority of states, customers residing in the New Jersey and New York states cannot register for an online account here. Moreover, customers from Malta, France, Australia, and Panama cannot register as well.
As with other reviews you can find on our website related to the sportsbetting industry, sportsbooks, online casino and poker rooms, in this BetOnline ag review, we access the operator’s service to present you with a comprehensive guide on the BetOnline bonus, BetOnline rollover, the operator’s sports selection, betting odds offered, its mobile service, and other.
Once done with our BetOnline guide, you have a clear picture of what the operator’s platform work and what it offers. Before we continue, we should answer some frequently asked questions including where is BetOnline based and when it was established. BetOnline is licensed by the jurisdiction of Panama where its headquarters are based. It has been present since 2004 which makes it one of the veteran players.
Despite its relatively rich history, the operator’s poor choices, and shady behavior ruined its reputation. Moreover, BetOnline offers its service to players from the United States without having a state-issued license which does not add to its reputation and credibility. Hence, we strongly recommend you avoid it, but still we objectively assess its service’s quality.
Is BetOnline legal in the USA?
For many years, the only way to engage in online sportsbetting activities for US residents was to turn to overseas, offshore sites such as BetOnline ag. While the BetOnline online sportsbetting service has a huge player base including plenty of Americans at its BetOnline New Jersey website, its mobile service and other related platforms, it is still strongly recommended to avoid it altogether and there is a number of reasons backing up this advice and some of them regard the operator’s legality.
There is a huge difference between fully regulated, state-licensed websites and unregulated, unlicensed sites such as BetOnline. The first group includes online racetracks, casinos, poker rooms and sportsbooks which have been issued gaming licenses such as the NJDGE or New Jersey Division of Gambling Enforcement. Since these comply to the industry’s standards at all times, registering here means being fully protected and safe at all times.
On the other hand, offshore sites without state-issued licensing including BetOnline cannot guarantee customers’ safety as they do not comply with the industry’s standards. For this reason, many concerning players wonder is BetOnline ag legit in the way that state-licensed sportsbetting operators are. The simplest answer is no and it cannot be without proper licensing.
While customers usually do not get prosecuted for registering and playing at offshore websites, it is always a better idea to turn to some legal alternatives which are emerging thanks to changing laws and regulations which made it possible for several states to legalize sportsbetting within their borders such as Nevada and New Jersey.
That’s why you shouldn’t bet at this operator
Many customers praise the BetOnline deposit bonus including BetOnline free play, its sports selection including all sorts of sports activities such as football, NFL, horse racing, soccer, tennis, NBA and some other perks, but it all comes down to the operator lacking licensing to offer such services in the United States.
When it comes to overseas, offshore sportsbetting operators, there is always a very blurred line between safety and legality. While many sites of this kind are legal under the WTO of World Trade Organization rules, they are not legal in those countries whose governments do not agree and this includes the United States.
Betting at offshore sportsbooks including BetOnline means that customers have no recourse in the case of these sites shutting their doors to the public overnight. Furthermore, registering at these sites means risking your safety in many ways. For example, if your money goes missing, there is no one who can help you retrieve it.
Besides risking your money, you also risk your private data which can easily be accessed by third-party software which can use it to support fraudulent activities. Quality of access methods and overall gaming platforms is rather poor when compared to regulated sportsbooks. There are no responsible gaming and fair play practices involved and you risk being legally prosecuted on top on this.
BetOnline Check: Is Betonling legit site?
As suggested by the previous section, it does not make any sense to take all of these risks and play at offshore betting sites, when there is an excellent choice of state-licensed, reputable, reliable and trustworthy sites which offer the same if not better service.
Even though we strongly recommend that you pass on BetOnline, we still want to present what its service offers in terms of the BetOnline app, BetOnline customer service, its sports and live betting selection, BetOnline deposit and withdrawal methods and other service’s quality-related info.
Sports & Live Betting: A Solid Variety of Options
BetOnline offers a solid variety of sports and live betting options with covering all of the top-ranked markets and sports including:
- NBA, NFL, NHL
Besides these, customers can also access the BetOnline eSports section which covers some of the most popular eSports events. Everything is accessible via the BetOnline download app including BetOnline Android app and BetOnline iPhone app which work on all modern portable devices using these operating systems. While the sports selection is quite solid, it is somehow limited when it comes to less popular sports events.
Odds: Over Ninety-Six Percent
When it comes to the BetOnline payouts including BetOnline Bitcoin payouts, customers can expect competitive betting odds which generally offer average payouts that go over ninety-six percent. Nonetheless, there are several downsides related to the odds and one of them that over and under bets alongside spreads tend to offer not so great value for players’ money.
Bonus & Promotions: Welcome Bonus Worth up to USD 1,000
For newcomers, the operator has prepared a generous 50% first deposit bonus worth up to USD 1,000. This bonus expires within thirty days of claiming. Those who wonder what is BetOnline rollover, can check all bonuses-related info in the terms and conditions section.
In addition to this sign-up bonus, punters can also scoop a 25% reload bonus also worth up to USD 1,000 with a 6x rollover applied. To scoop this bonus, players need the BetOnline promo code listed on the website. There are also BetOnline promo codes for other bonus offers such as BetOnline free bet bonuses. While these offers seem very generous, their high rollover requirements make not so appealing. Moreover, players who deposit using Neteller or Skrill are not eligible for the welcome bonus.
Lastly, many customers wonder what are BetOnline VIP points. These are just loyalty or comp points that loyal customers get as they play more and place more bets. Once they collect a certain number of VIP points, they can redeem them for special offers.
Payment Methods: Bitcoin and Other Digital Currencies
In terms of its banking system, the operator is definitely focused more on digital currencies than standard payment systems. With the BetOnline Bitcoin baking system, punters can fund their online accounts as well as withdraw their winnings, not only with the operator’s sportsbook service, but also with its online casino that is packed with games such as roulette, blackjack, video poker, and slots.
Aside from Bitcoin, customers can use Litecoin, Ethereum, Ripple, CredEcardPlus, wire transfer, Check by Courier, Person-to-Person, Dash, credit and debit cards, JBC and Discover. While the variety of banking options is fairly solid, there are several disadvantages including long withdrawal pending time alongside higher transactions fees.
User Interface / Usability: Newly Updated Interface
The operator got a new, more appealing interface back in 2017, so its homepage now looks cleaner for easy navigation. Speaking of the website, it is accessible in English and Spanish which is plus. The sports section includes a lot of details about upcoming events and their related betting odds.
All in all, the website looks very modern. However, many customers complain that the website’s loading time sometimes gets slower which is disappointing considering the website’s clear, user-friendly interface.
Customer Service: Criticism Worthy
At first glance, it appears that BetOnline takes care of its customers the right way by offering several different means they can use for getting in touch with customer support agents. These means include using its live chat option, e-mail support or telephone line. However, many customers have reported being poorly treated when trying to get their issues solved and their questions answered.
The Future of Offshore Betting Sites
When it comes to the future of BetOnline and other similar offshore sportsbooks operating in the United States, it is very uncertain. Considering the fact that many states have to yet legalize sportsbetting, offshore operators in the United States will probably continue to thrive. Punters will contribute to join them because some of them have no other option and because others enjoy gaming perks offered by these operators.
Then, there is state-legalized sportsbetting in some states which will most certainly disincentivize some bettors from turning to offshore operators to state-legalized sportsbooks. In other words, overseas operators will lose some of their audience especially in the near future as more states have already made some changes to prepare to legalize sportsbetting.
In the near future, operators such as BetOnline which offer theirs services to US residents without licensing will always have their place in the market as there will be always a gamblers section which strives to remain anonymous. While newly emerging regulations and laws related to legalized sportsbetting will affect offshore betting negatively, offshore betting is far away from its ultimate ending point.
Disclaimer: Don’t play here
FAQBetOnline scam site or not?
Just like the majority of other offshore operators, BetOnline accepts digital currencies a deposit method including Bitcoin, Litecoin, and Ethereum. Most commonly, players who play at Betonilne use Bitcoin as their preferred method of payment. However, it is important to remember all the risks related to using cryptocurrencies.
While many customers prefer using Bitcoin and other digital currencies as their preferred banking method due to greater anonymity, using them is never the safest option. These currencies are both highly volatile and completely unregulated, which makes them very risky to use in any capacity.
Yes, BetOnline charges its customers for every withdrawal they make no matter which withdrawal option they choose and no matter the amount they want to withdraw. This is usually not the case with state regulated betting operators, which is yet another reason not to bet with this illegal platform.
Yes, you have to pay taxes on your winnings no matter which operator you choose, either state-licensed or offshore. In fact, paying taxes on online winnings is mandatory for every US resident. When you make a withdrawal from any online bookie, make sure to remember it in your yearly tax reports and pay all the taxes due on it.
While some offshore sportsbetting operators offer better odds and sports collections than licensed operators as they fail to pay for licensing, taxes and similar, risks involved with offshore betting make them less appealing. The odds offered at Betonling are usually very reasonable, but the risk of not getting paid is never worth it.
While offshore sportsbooks including BetOnline may offer some gaming perks which cannot be found at other places, it is always advised to stay away from them as risks related to gaming here are more important than possible perks offered. As mentioned in the article, choosing an offshore operator over a licensed, and fully regulated operator means risking your money, your privacy, and your safety.
In some cases, it also means coming across legal issues as payment processors are prohibited from processing transactions aimed at such websites. The bottom line is that staying safe and protected, enjoying a fair play and in some cases even better betting odds and bigger sports selections mean choosing state-licensed sportsbooks at all times.