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 sportsbook owned by Betsson AB company is currently licences in Malta, continues to grow since their online launch back in 2002. Since they joint forces together with Betsson in 2011, they grew their number of customers and are closing on to a number of 500,000 customers worldwide, surpassing some of the industry leaders.

The company was officially launched in 2006 and stands out as one of those who had steady growth, adding features and making improvements year by year, however only since Betsson Group purchased them in 2011 they started to make real impression outside of Nordics.

Customer support

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

Live chat is usually the most convinient option for most of the users and can be accessed directly from the website, while their support usually respons within an hour if you use e-mail option. Residents of United Kingdom can also use their UK freephone support.

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

Deposit and withdrawal options

You can open your Betsafe account in next currencies: Bulgarian Lev (BGN), Euro (EUR), Norwegian Kroner (NOK), Polish Zloty (PLN), Brittish Pound (GBP), Swedish Kroner (SEK) and United Stated Dollarts (USD).

These are the payment methods accepted to make a deposit on your Betsafe account: Credit card (Visa or MasterCard types), Entropay, Paysafecard, Skrill, Neteller, Bank Transfer, Instant Bank Transfer, Paysafe card, Citadel, PayPal (Germany and United Kingdom only) & Ideal (option only available in The Netherlands).

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. All transactions are encrypted and 100% secure and they never store your CVC code. Every customer is encouraged to make a full verification upon creating account and making first deposit.

You will be able to withdraw your balance with next methods: Visa card, Entropay, Bank Transfer, Neteller, Skrill and PayPal (only for customers in Germany and United Kingdom).

Betsafe is known to have one of the fastest withdrawal times in the industry, especially when it comes to withdrawing to e-wallets, upon verification and approval money comes instanly to your Skrill, Neteller or PayPal account.

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

As with all companies, you can only withdraw money back to the method you previously used for depositing onto your account. Minimum withdrawal is 20 euros or currency equivalent. Please note that your bank may take 3-5 working days before the transaction appears on your credit card or bank account statement.

Odds quality, live streaming, advantages & disadvantages

Betsafe has really improved their offer over the years. Company ins't anymore focused mainly on Nordics (even though they still offer an amazing number of events from that part of Europe), but has improved their offer now increasing it to 35 different sporting and non-sporting caregories.

As a European based sportbook football is given special attention in their offer, since the company fully covers all European and South American leagues. You can also find more exotic leagues such as African, Arabian and lesser known Asian leagues, while the offer expands month to month.

Quality of their odds aren't with the industry leaders, but the company is also improving there - from 1.87-1.87 in basketball matches in previous years, they are now at 1.91-1.91 and the profit margin isn't that big anymore when speaking about most known leagues and sports. 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 support live streaming to your desktop or movile device, offering wide variety of football games each day, but also NBA, reputable basketball European leagues, major tennis tournaments, volleyball and lot's of other events.

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

There are no guarantees that your Betsafe cashout will be accepted, since their rule say that the company may reject your request even if the game containts option to cashout.

Mobile betting

Betsafe has one of the most advanced mobile application created for your convinience. 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.

Betsafe has 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

Once they joint forces with Betsson, it's really hard to argue about this brand since they are listed at Nasdaq Nordic stock exchange. Partnering up with Manchester City and FC Koln has helped them a lot when building the reputation, especially within United Kingdom and Germany, being now one of the forces throughout Europe working under the name of BML Group and in accorddance with Malta jurisdiction.

As for UK residents, the company is licensed and regulated by UK Gambling Commission adding even more to their reputation.

Overall rating : 4.0 out of 5.0
Visit Betsafe ►
Betsafe review by Betshoot.com updated on May 29 2017
logo First deposit bonus Fast payments Live betting Mobile betting Great Casino Open account ►

Betsafe bonus offer

The 100% deposit bonus is available for new customers worldwide who open an account at Betsafe, make a deposit of at least 10 Euros, maximum up to 30 Euros bonus and place their first bet of at least 10 Euros.

The bonuses depend on custromer's country of residence:

Wodlwide customers get 100% deposit bonus up to 30 Euros upon first deposit and a bet placed.

Finnish residents get 100% deposit bonus up to 100 Euros upon their frist deposit of at least 10 Euros and a bet placed.

Norwegian residents get 100% deposit bonus up to 2000 KR upon first deposit of at least 100 KR.

Swedish residents get 100% deposit bonus up to 1000 SEK upon first deposit of at least 100 SEK.

German residents get 100% deposit bonus up to 100 Euros upon first deposit of at least 10 Euros and a bet placed.

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, while the locked amount + bonus amount has to be wagered six times within the Sportbook on odds 1.80 or greater. Once wagering conditions are filled, the remaining funds can be used on other products or withdrawn.

Example: If you deposit €30 and reserve the full amount to the 100% bonus you will get €30 in bonus and will then have €60 to play within sportsbook. You need to wager the locked amount + bonus amount 6 times ((€30+€30) x 6 = €360) on odds of 1.80 or higher, before you can withdraw or use funds in any other product.

Bonus 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, Algeria, Angola, Australia, Bahrain, Belgium, China, Cuba, Czech Republic, Denmark, Eritrea, Estonia, Ethiopia, France, Georgia, Greece, Guadeloupe, French Guiana, Hungary, Hong Kong, Indonesia, Jordan, Iran, Iraq, Italy, Kuwait, Latvia, Libya, Lithuania, Malaysia, Martinique, Mauritania, Mauritius, Morocco, Norfolk Island, N. Korea, Oman, Pakistan, Portugal, Qatar, Rwanda, Saudi Arabia, Slovenia, Sudan, Somalia, South Sudan, Spain, Syria, Turkey, Tunisia, UAE, Yemen, United States, Am. Samoa, Guam, Marshall Islands, N. Mariana Islands, Puerto Rico, and Virgin Islands.

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, something which is an advantage for punters.

Website

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

Website screenshot

Thanks for reading our Betsafe review.

Open an account at Betsafe Register ►