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BetOnline Offshore Betting 2020

BetOnline
  • Panama based gambling operator
  • No safety guarantees offered
  • No gaming licenses in any of the states
  • In breach of numerous American laws
  • There is no guarantee on cashout requests
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BetOnline has almost become renowned for their service to American players over the years, with operations based in Panama and allowing US customers access to online gambling in the unregulated market when there were few or no other options to enjoy online poker, casino, racebook, and sportsbook.

Opening doors in 2001, BetOnline sportsbook has seen its ups and downs, with problems ranging from security issues, restricting withdrawals and even straight-out lies regarding the poker network they’ve joined. This makes the operator unreliable and very hard to recommend, despite a lucrative offer.

Is BetOnline Legit? Why not Play Here

BetOnline ag has been in the center of heated debate over the past couple of years and rightfully so, as the company management obviously made some horrible mistakes which easily came to light despite no immediate overseer which would be in charge of keeping them in check.

Questioning is BetOnline legit takes a long investigation but makes it very hard to prove true. The company has a history of conflicts with players over balances and was even caught in a lie what network is BetOnline – first advertising it as part of Hero then Chico Poker Network, while BetOnline Poker was part of Action network in the first place.

Additionally, BetOnline gambling apps have been rated insecure in the past and while there was work done on it since, the shortcoming points towards mismanagement rather than a one-time occurrence.

Indeed, as with many offshore betting operators out there, there is no real possibility for one to pursue any potential injustice as there are no regulatory bodies US players could turn to. This means the bookie is the ultimate arbitrator with all issues and this is never a good thing for the player. Why?

Mainly because such operators will always protect their own interest and money, regardless of the mistakes made on their end or against them. The player, on the other hand, has no power and this can turn into a serious problem even with the consistency BetOnline hasn’t shown over the years.

The changing laws have allowed regulated bookies to open market in the United States, on the other hand, and this now allows US players to turn to legal alternatives which keep standard of service at his levels – offering far more consistency and transparency. This means alternatives and fewer players willing to take such risks in already high-risk entertainment on their hands.

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BetOnline Scam or Not: Salient Features in Check

As one can surely already grasp from our BetOnline review, we do not recommend taking your chances and depositing money here. However, we still investigate the possibilities and risks with the bookie, trying to get you a better understanding of our opinion and ranking.

Betting Offer: A Wide Range of Options

BetOnline have a wide array of sports and events in the offer, including NFL, NBA, NHL, MLB, tennis, boxing as the most popular sports. Some of the less popular picks include soccer, darts, college basketball, cycling, and even eSports. The only objection is the narrow selection for major events in the less popular sports listed, which can sometimes feel limiting – as with many offshore operators out there.

Betting Odds: Average at Best

The odds at BetOnline are competitive and hold a promise of average payout at over 96%. However, this is mainly focused on outrights and usually tend to be enhanced on the favorites’ end, where spreads, Over/Under, and other bets usually rake in less of a margin on players’ behalf.

Bonuses: Some Extra Value for New Players

The operator offers a 50% BetOnline bonus on first deposit up to USD 1,000, which has a wagering requirement of ten times and an expiry period of 30 days. The deposits made with Skrill and Neteller do not qualify for the bonus, just as any deposit without the bonus code BOL1000.

Interestingly, all deposits of at least USD 50 can be rewarded with a reload bonus of 25% of up to USD 1,000. While this is a great trait by itself many will ask how does BetOnline rollover work, as the fact all deposits thus get a 6x rollover requirement feels less appealing and has even seen customer support accused of lying about the terms and conditions.

Payment Methods: Bitcoin Oriented

The featured BetOnline Bitcoin deposit is obviously not the only banking option available at BetOnline, where deposits can be made with MasterCard, VISA, Money orders, Skrill, Neteller, and Bank wire transfers. However, some of the methods are not available when trying to grab the bonuses, which can be worrying for some players.

On the other hand, withdrawals are not available via debit cards and can be claimed through Bitcoin, Skrill or Neteller for lower amounts as well as cheque or wire transfers for amounts over USD 500. Every BetOnline withdrawal is charged with a fee of USD 20, which makes it very impractical to move small bankrolls here.

User Interface / Usability

Obviously important to any BetOnline ag review, the website looks rather modern and can cope with industry leaders in that sense. However, the loading times can get slower and this can be disappointing when racing to bet before the matches start or trying out the Live Betting. The top bar lets players navigate between sportsbook, racebook, casino, and more – which does add to the overall ease of access with all important links at the bottom of the site.

Customer Support: A History of Poor Treatment

This brings us to customer support and we found it interestingly hard to get to an agent for the first time, having to open the Contact Us form and then move onto the Live Chat help, Phone line, or dedicated e-mails for poker, casino, and other customer services. While the support agents have been in the focus of BetOnline ag scam reports in the past, the difficulty making it to an agent is all the criticism they deserve at this point.

BetOnline Legal Issues

US Legislation Affecting Offshore Bookies

The changing US laws and regulations regarding online gambling will affect offshore bookies and casinos whether they like it or not. The 2013 laws created ways to bet online New Jersey in a legal environment regulated by the Division of Gaming Enforcement, opening the market and allowing licenses to a number of renowned companies to operate in the state.

While the legal repercussions for offshore bookies haven’t been as strict so far, meaning they have continued to operate in grey areas and allowed players from the United States, this could soon change. The offshore companies obviously pay no taxes and actively harm the market for regulated operators, capitalizing on the fact with somewhat better odds and luring offers. Additionally, the players have not been prosecuted and while this will probably not change, it’s worth to mentioned several states have laws allowing it.

However, with the obvious need to implement laws, more immediate dangers surely lay in the fact BetOnline, together with a number of other offshore casinos, could be shut down by the government or at least blacklisted for access from the United States.

This would damage the businesses but more importantly, it would damage players who could find themselves in trouble trying to recover funds – with no guarantees whatsoever.

Is BetOnline Legal: Top 5 FAQ Asked By Players

BetOnline, as many of the offshore bookies, works in grey areas and holds no license to offer services to US players but still does so. Indeed, this provides an opportunity but also means great danger for players having no other options for online gambling.

BetOnline offers an array of methods to deposit and withdraw funds, including MasterCard, VISA, money orders, Skrill, Neteller, and Bank wire transfers. As always, it’s important to check out withdrawal options to suit you as these differ.

Yes, BetOnline charges its players USD 20 for every withdrawal request they make, regardless of the amount in question. This surely feels like tough on beginner players and users enjoying low stakes.

Yes, all winnings are subject to taxation regardless of the fact bets had been made with an offshore operator, who almost certainly don’t bring any tax dollars along the way.

On some occasions, yes. The ability to avoid taxes, fees, and expensive licenses to operate in the United States gives offshore operators a chance to offer better odds. However, this is true only on some occasions and these differences can easily be compared by the players themselves.

Verdict: Better Stay Safe
While BetOnline has been luring players for years regardless of the many negative reviews across the web, it’s obvious the trend has been falling and it’s even more apparent the looming availability of legal operators to bet with will see the drop increase. The Panama-based bookie has attracted many by flashy promos but these can often be deceiving and we can only strongly advise against moving your bankroll to an unregulated market.

Regulated operators have more checks and balances to follow as well as government agencies to answer to, which takes a lot off the mind for the players. It’s safe to say, moving with industry giants will never be a better idea than it is right now!

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