Betinternet has been around for exactly 15 years and it is a bookmaker located in the Isle of Man, but focuses on the Asian market. It is still an excellent choice for Europeans and players from the United Kingdom, covering all popular sports on the old continent. Asian players will appreciate the specific handicaps and the fact that the odds are available in different formats. The site is available both in English and Chinese, with a user-friendly interface that makes navigation a breeze regardless of experience.
When Internet gambling took off, many land-based casinos made the transition to this brand-new environment. Some started from scratch and those who are not familiar with the name Betinternet should be aware of the fact that these guys were previously known as Offshore Betting Ltd. They were founded in 1998 and since then they’ve been licensed and regulated in the Isle of Man, where the company is also headquartered. The company is listed at the London Stock Exchange, so they are not a shady operator that punters should steer clear of, but a reliable partner.
In 2000, they introduced online betting after relying previously exclusively on casino games and they’ve never had a problem regarding payouts regardless of the amount customers tried to cash out. Withdrawing funds is the best case scenario but it all begins with opening an account and Betinternet has greatly simplified the process. Documents are only requested when trying to cash out funds, while the initial process of opening a real money account doesn’t take more than a few minutes.
The only demand is to use the activation code sent to the email, in order to prove identity and from that point onward new customers can enjoy the full spectrum of betting products. The same attention to details applies to deposits and withdrawals, as only the reliable payment methods have been added to the list and they include credit cards and electronic wallets. Mastercard, Switch or Visa can be found alongside Neteller, but it is also possible to cash out funds using bank transfers and cheques.
The latter might carry some commissions, but Betinternet doesn’t charge any fee whatsoever regardless of the amount deposited. The cost for using electronic wallets such as Neteller represent 3.9% of the total sum, with a minimum deposit of €25 and a maximum cash out of €160,000. These limits are quite generous and provide both high rollers and beginners with the impetus to open an account and play for real. The bookie uses a state-of-the-art processing platform that completes transactions in a few seconds.
Welcome bonuses and free bets at Betinternet
Betinternet doesn’t have the most generous welcome bonus out there, as players can only hope to receive €50 and they need to deposit twice as much. There is an indissoluble link between the size of the bonus and the amount they are expected to commit, but there is no minimum acceptable deposit. They will only have to meet the basic terms and conditions and all payment methods can be used for funding the account.
The welcome bonus can also be credited in currency equivalent, although there is a slight discrepancy between the bonuses and those who deposit in British pounds are at a disadvantage. The promotional code that prospective Betinternet should enter when making their first deposit goes by the name of BETINT50. Once they complete these essential steps, the bonus will be awarded automatically in the form of a free bet, which means that the stakes will be subtracted after the wagering requirements are met.
Since this is a free bet, players only need to play once on odds exceeding even value, so if they are successful, they will convert the amount into cashable funds. This promotion is called 50% cash match and it is not available to those who reside in Belarus, Bulgaria, Croatia, Czech Republic, Denmark, Israel, Latvia, Lithuania, Moldova, Pakistan, Poland, Portugal, Romania, Russia, Serbia, Turkey and Ukraine.
Website layout, Betting option and interface
Betinternet has an inviting website, with vibrant colors that catch the eye, without affecting navigation and the leagues are well structured. Players can browse by sports and then narrow down the search by focusing on the competitions of choice. The same attention to detail was paid in regard to the betting procedure, as players can add events on the betting slip with a simple click on the odds.
One way of maximizing profits is by placing accumulator wagers, so it comes in handy that the Betinternet betting slip is divided into distant categories for single and multiple bets. It is easy to choose between different combinations, which are suggested by the bookmaker and players only need to select one of them. The only shortcoming is that those who prefer system betting, will need to select all the events on the slip, instead of choosing from a pool of wagers.
As stated above, Betinternet is paying special attention to customers from Asia, so it comes as no surprise that most of the sports have Asian handicaps. These apply to all sorts of events and players will reduce the house edge by taking advantage of these odds, but they will need to wager at least €1.56 on each bet. Any punter that takes this activity seriously will have no problem in betting in excess of this amount, so the limit is only informative.
Overall, the odds are better than what most bookmakers offer and even those who don’t bet on the Asian handicaps, will enjoy superior value. Betinternet doesn’t slash the odds and in the long run all these tiny profits will accumulate and it will make it easier for players to stay afloat. The average profit margin they take on European leagues revolves around 10%, while other sports benefit from lower margins.
Another interesting thing about Betinternet is that it looks like setting its own odds, so players can hope to enjoy better values every now and then. In terms of sports variety, the offer includes all popular North American leaks, ranging from NHL and NBA, to MLB and NFL. Soccer, tennis, greyhounds and horse racing as well as darts, motor racing and boxing can be found. Players from United Kingdom will surely appreciate the fact that they can also wager on snooker tournaments.
Pros and Cons for playing at Betinternet
Betinternet is an excellent choice for customers from Asia, but also players who reside in the United Kingdom and like to bet on horse racing, greyhounds events and snooker tournaments. The impressive choice of Asian handicaps is equally important regardless of location and sports preference, because at the end of the day this translates into better odds.
Betting live on sports events is possible, but in the absence of a live streaming feature, it is not that exciting to bet in real-time. Successful players will be a bit frustrating to discover that there are certain limitations put in place, which are triggered by their high winnings. Last but definitely not least, one of Betinternet’s downside is that it doesn’t allow players from the United States to wager here.
Banking and customer support
Various payment methods are available in addition to credit cards and e-wallets, although visa and MasterCard remain the most popular ones. VISA works both ways, but those who choose to deposit using MasterCard, will need to cash out their winnings via bank transfer, Skrill or Neteller. This is not a major downside, because none of these payment methods have fees or hidden commissions and the money will reach its destination in less than three banking days
Most of the questions will find a swift resolution in the Betinternet FAQ section, which is detailed and extremely informative. Assuming this doesn’t meet your demands or you have more complex questions that require more precise explanations, then feel free to write an email, make a phone call or send a fax to customer support. At the time of writing, the live chat system is not yet implemented, but it is going to be introduced in the first half of 2015.