Betsafe Review

  • Cashout times: Very fast (e-wallets instant-6 hours)
  • US Customers accepted: No
  • Customer support: Very good
  • Casino: Yes (NetEnt, CryptoLogic & Evolution)
  • Poker: Yes (Microgaming)
  • Games: Yes

Betsafe is a Swedish company owned by Betsson AB. Currently they hold licences in Malta and continue to rise since their online launch in 2002.

As they work together with Betsson in 2011, they are increasing their number of customers. At the moment they serve more than 600.000 customers, surpassing some of the industry leaders.

The company stands out as one of those who had steady growth and making improvements year by year. Since Betsson purchased them, they started to make real impression outside of Nordics.

Customer support

Betsafe popularity grown in recent years, thanks to their friendly and responsive team. In case you have any sort of problem or inquiry, you can contact them via live chat, e-mail and telephone.

Live chat is usually the most convenient option for most of the users. Their support team usually responds within an hour to emails. Residents of United Kingdom can also use their UK freephone support.

Their website can be used in English, German, Spanish, Polish, Swedish, Norwegian, Finnish, Latvian, Lithuanian and Estonian language versions.

Deposit and withdrawal options

You can open your account in next currencies:

  • Bulgarian Lev (BGN)
  • Euro (EUR)
  • Norwegian Kroner (NOK)
  • Polish Zloty (PLN)
  • Brittish Pound (GBP)
  • Swedish Kroner (SEK)
  • United Stated Dollarts (USD)

These are the payment methods accepted to make a deposit on your account:

  • Credit card (Visa or MasterCard)
  • Entropay
  • Paysafecard
  • Skrill or Neteller
  • Bank Transfer
  • Citadel
  • PayPal (Germany and UK only)
  • Ideal (Netherlands only)

As in most of other sportbooks, service fee for Credit card use can be up to 2.5%. Their minimum deposit amount is 10 euros or currency equivalent.

They use 100% secure encrypted transactions and they never store your CVC code. Every customer should proceed to full account verification before making first deposit.

You will be able to withdraw your balance with the following methods:

  • Visa card
  • Entropay
  • Bank Transfer
  • Skrill
  • Neteller
  • PayPal (Germany and UK)

Betsafe have one of the fastest withdraw times in the industry. Especially when it comes to E-Wallets. If your account is already verified, Skrill, Neteller or PayPal withdrawals are instant.

They do not enforce any kind of service fee, disregarding the method you select.

As with most companies, you can only withdraw money back to the method you used before for depositing. Minimum withdrawal is 20 euros or currency equivalent.

Odds quality, live streaming, advantages & disadvantages

Betsafe has improved their market offers over the years. They are not anymore focused only on Nordics. Though, they still offer an amazing number of events from that part of Europe. They improved their market offer to 35 different sporting and non-sporting categories.

As a European based bookmaker, football has special attention in their offer. Now they cover in full, all European and South American leagues.

You can also find more exotic leagues such as African, Arabian and lesser known Asian leagues.

Quality of their odds aren't the best, but they are also improving there. From 1.87-1.87 in basketball matches in previous years, they are now at 1.91-1.91. The profit margin isn't that big anymore when speaking about most known leagues.

They don't tend to change the odds very often, so this can be of great importance time from time.

There's also a live streaming feature, giving you more complete feel while betting. They offer desktop or mobile live streaming on most football games each day. This includes NBA, European basketball and major tennis tournaments.

Betsafe Cashout option is still in an early phase and it's one of the parts that needs improvement. Cashout is only available on selected pre match and in-play events, as their rules state.

There are no guarantees that your cash-out will occur. Their rules stating that the company may reject your request.

Mobile betting

Betsafe has one of the most advanced mobile application created for your convenience. You can use it while betting on sports, but also playing casino, live casino, poker and even virtual sports. Live streaming is also supported for the biggest sport events.

They prepared exclusive massive mobile only promotions for it's users. App requires iOS 8.0 or later for Androids. Compatible with iPhone, iPad and iPod touch.

Reliability

It's hard to argue about this brand since they are in Nasdaq Nordic stock exchange. Partnering up with Manchester City and Koln, helped them a lot to build reputation. They are now one of the big forces around Europe under Malta jurisdiction.

As for UK residents, the company licensed and regulated by UK Gambling Commission. They offer almost worldwide welcome bonuses. You can start using them with no fuss, enjoying some of the fastest withdrawal times in the industry.

Overall rating : 4.0 out of 5.0
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Betsafe review by Betshoot.com updated on May 31 2017
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Betsafe bonus offer

The 100% deposit bonus is available for new customers worldwide who open an account. Make a deposit of at least 10 Euros, maximum up to 30 Euros, and place your first bet of at least 10 Euros to get the award.

Residents of United Kingdom and Ireland entitled for a 100% first deposit bonus of up to 30£. Make a deposit of 10£ or more and place a bet at odds of 1.80 or above. You will be credited a bonus amount that matches to your first deposit within a day.

Finnish residents get 100% up to 200 Euros upon their first deposit of at least 10 Euros.

Norwegian residents get 100% up to 10000 KR upon first deposit of at least 100 KR.

Swedish residents get 100% up to 2000 SEK upon first deposit of at least 100 SEK.

Danish residents get 100% up to 1000 DKK. Rollover requirements are 4 x odds 1.80 or above.

German and Swiss residents get 100% up to 100 Euros upon first deposit of at least 10 Euros. Rollover requirements are 3 x odds 1.80 or above.

Estonian residents get 25 Euros free bet after first deposit & bet placed of 10 Euros at least. You can repeat this offer once a month during first four months upon registration.

Latvian residents get 3 Free bets of 10 Euros, upon creating account and depositing at least 20 Euros.

A customer must activate the bonus in 30 days of registration. The locked amount + bonus amount has to be wagered six times within the Sportbook on odds 1.80 or greater. Once wagering conditions are met, the remaining funds can be used or withdrawn.

Example: If you deposit €30, you will get €30 and will then have €60 to play. You need to wager the deposit amount plus the bonus amount 6 times ((€30+€30) x 6 = €360) on odds of 1.80 or higher. Then, you can withdraw or use funds to any other product.

Deposits via Neteller or Skrill are not eligible for the promotion. Terms and conditions apply and may differ country to country.

Restricted Countries

People residing in following countries are not allowed to bet with Betsafe:

Afghanistan, Aland Islands, Algeria, American Samoa, Angola, Antartica, Australia, Austria, Bahrain, Belgium, Bouvet Island, China, Colombia, Cuba, Czech Republic, Eritrea, Ethiopia, France, French Guiana, French Polynesia, French Southern Territories, Georgia, Greece, Guadeloupe, Guam, Guernsey, Guyana, Heard and Mcdonald Islands, Hong Kong, Hungary, Indonesia, Iran, Iraq, Isle of Man, Italy, Jersey, Jordan, Kosovo, Kuwait, Libya, Malaysia, Martinique, Mauritania, Mauritius, Morocco, Norfolk Island, North Korea, Northern Mariana Islands, Oman, Pakistan, Palestine, Portugal, Puerto Rico, Qatar, Reunion, Rwanda, Saint-Barthelemy, Saint-Martin, Saudi Arabia, Singapore, Slovenia, Somalia, South Sudan, Spain, Sudan, Syria, Timor-Leste, Tunisia, Turkey, United Arab Emirates, United States, US Minor Outlying Islands, US Virgin Islands, Western Sahara and Yemen.

Odds - Profit Margin

Soccer
5.1%
Basketball
4.7%
Tennis
4.6%
Baseball
4.7%
Overall profit margin
4.8%

Profit margin indicates the profit of the bookmaker. Bookmakers with a small profit margin, release more money on payouts. This is an advantage for punters.

Website

Elegant and quality design with great graphics. The loading is fast and the menus are well organised.

Betsafe review

Thanks for reading our Betsafe review.

2 Comments on Betsafe Review

  1. John Taylor says:

    I placed £10 that was matched with £10 bonus my 2nd bet won what do l have to do to withdraw the funds,it states l have to wager 6 times deposit and bonus is this true

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