Year established: 2018
Mobile compatible: Yes
Jurisdiction: ? (not specified)
Overall rating: C-
Recommended: For recreational players (Cryptocurrency Sportsbook)
BetBit Sportsbook Review
Betbit is a new bookmaker entering the online gambling space, with a big focus on betting through the use of crypto currency primarily Bitcoin. Cryptocurrency is decentralised, meaning anonymity is guaranteed, and you don’t need a bank account or credit card (but you can use these options if you wish) in order to use the betting services on the site – Betbit is definitely aiming to ride the wave of this increasing popular currency. The site isn’t currently regulated or licensed by any of the usual organisations which is definitely a warning sign and therefore customers are advised to use the site with caution. Oddly, it only accepts players from regulated jurisdictions, which doesn’t really make much sense considering a bitcoin account isn’t linked to any specific address. Through the site, you can explore both the Sports and Online Casino services, and there are many handy guides as to how to use Bitcoin through the site.
Head to the Sports Lobby to explore sports available for betting and you’ll find Soccer, American Sports, Tennis and many more niche sports – there’s actually a pretty decent selection to choose from. Unfortunately in terms of actual betting markets, there’s pretty much no depth here, with a few basic betting markets to choose from per event – a massive amount less than your average run of the mill bookmaker. You can only place singles bets on the site at the current time, and the layout and organise is irritating and difficult to navigate. On the plus side, new and existing customers get to enjoy a small selection of deposit match bonuses, including a 100% deposit bonus and further % match bonuses on subsequent deposits, along with some monthly cashback based on how much you bet within the site. There isn’t any sports focus refunds or other promotions at the current time on the site. Definitely worth a mention too, E Sports betting takes a big space up of the online sports betting, which is great to see in this day and age and pairs perfectly with the use of crypto currency – they have CounterStrike CS:Go, DOTA 2 and StarCraft to name but a few of the major sports for betting.
Live Betting is also fully intergrated into all of the same sports as for pre-match betting, albeit with the same minimal sports betting markets to bet on – you can quickly run out of options on exactly what to place your bets on. AS a result of using bitcoin, it can also be quite stressful betting on the site, as there can be a several minute wait time for bets to be confirmed on the system.
BetBit offers a Live Casino as part of its online betting services, where customers can bet on Live Roulette, Blackjack and Bacarrat, along with exploring a range of online Slots, Jackpots and also table games against the computer. It doesn’t look like there are any casino based promotions online at the time of writing, so players will have to take what they’re given and hopefully win big against the odds.
Usability of the Site
As usability goes, BetBit leaves a lot to be desired in many key areas of an online focused bookmaker website. The layout and navigation is poor, confusing and the general look of the site is pretty outdated. The site has a large range of deposit and withdrawal options available for players, including Visa and Mastercard, along with all the usual crypto currency based methods. For issues and queries, unfortunately the only contact is via email, which can mean that issues may not get resolved for hours or days, rather than a few minutes.
In conclusion, the concept of using bitcoin and crypto currency for online betting makes a lot of sense, however the delivery is definitely missing on BetBit. The bookmaker needs to focus on expanding its betting markets in the sports section, along with revamping the site interface to come in line with expectations of the average bookmaker in todays online space.
– Sportsbook from the famous casino brand;
– Good set of markets including popular and niche options;
– Competitive odds on a wide range of sports markets;
– Decent promotions and bonuses;
– Various top-tier software providers;
– Accessible by mobile phone and tablet;
– Quick and free of charge transactions;
– Multiple cryptocurrencies available;
– Quick deposits and withdrawals.
– New Sportsbook;
– No live streaming;
– High wagering requirements for bonuses;
– No live chat or telephone numbers;
– Some restricted countries.
Visa/Mastercard, American Express, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Monero, Eos, Iota
*Keep in mind to double check information. Be prepared for changes to restricted countries, bonuses, currencies, deposit and payment options, languages, contact info.