Is MyBookie legit? Nope - it's illegal for US players. Some of the founding members of infamous Bet on Sports opened MyBookie for business in 2014, basing the operator in Costa Rica and largely focusing on customers from the United States, United Kingdom, and Canada. However, the operator holds no license to offer gambling services, which raises the questions: Can MyBookie be trusted? Is MyBookie legal in NJ? As well as many others.
While we have seen a mixed bag of MyBookie reviews from users across the web, we cannot recommend testing your luck with this or any other offshore casino operator. Let’s get into a detailed MyBookie review and find all the crucial facts.
There is a MyBookie free play bonus for both new and existing players depositing. This includes a first deposit bonus of 50% up to USD 1,000 with a 10x rollover requirement – as well as a USD 20 risk-free bet where any stake up to USD 20 is reimbursed in case of a hit-and-miss. Both of these deals were pale shadows of what you can get elsewhere.
Additionally, the bookie offers reload bonuses of 25% up to USD 500, which hold a 5x rollover requirement but still has players arguing these seem unlikely to hit, especially if they redeposit in order to cash in on the first bonus.
User interface / usability: Slow loading times
MyBookie betting is done through a fairly standard platform, which offers a modern design. However, the loading times are slow and each event and market is not obvious to select, thanks to a confusing menu system and navigation tools.
Payment methods: Absurd withdrawal fees
The banking methods are many but the bookie doesn’t allow payments with e-wallets, rather turning towards a well-known but untrustworthy digital payment method, debit cards and bank transfers, ACH, and Person to Person transfers. These are limited between USD 25 for a minimum deposit to USD 10,000 for maximum. To be fair, you can get better elsewhere.
Withdrawal options include fees from USD 10 to USD 50, depending on how much players actually cash out. The methods at hand include wire transfers andACH well as MyBookie MoneyGram – who charge a fee of up to USD 37 with a maximum withdrawal amount of USD 375. Some withdrawal methods have even higher costs attached and the only free option is using a shady digital payment method.
Such fees are outrageous and are pushing players towards using an unregulated currency, just another reason not to sign up with MyBookie.
Customer support: Limited availability
MyBookie has standard support channels in e-mail, telephone lines, and on-site Live Chat, which all well-rounded customer care services have, and which go some way to solving the many issues players might have. The brand has taken a step further and agents can now be found on social media too, including Facebook and Twitter. However, they are not available 24/7 and this is of far greater importance to a wider range of players. One more reason to avoid MyBookie.
Is MyBookie legit? No, avoid this site!
MyBookie ag bases their headquarters in Costa Rica and holds a license in Curacao, which has many players asking whether MyBookie as an offshore online casino legal is to play at. However, getting a straightforward answer to the age-old question is MyBookie.ag legit is not an easy task. Is MyBookie legal? The operator has been around the block for five years already but has no intention of pursuing a license in the United States, in truth making it impossible to recommend playing here to US bettors.
Indeed, no regulatory body to consult in case of any dispute with MyBookie means the operator serves as the judge and the jury on such occasions, which provides no guarantee of fair play or player safety.
Furthermore, the ties MyBookie has with Bet on Sports may feel reassuring, but the old operator’s staff were prosecuted and the site was blacklisted. This could suggest the same could happen again, especially with the recent changes in US legislation.
MyBookie ag gives promises on fund safety but this also implies no guarantees to such claims, for both of the reasons listed above – and it would surely be next to impossible to retrieve funds if the site were closed or a player had an ongoing dispute with the operator.
Furthermore, sportsbook software here is provided by Digital Gaming Solutions but there are undisclosed details on data encryption and security, which is also discouraging.
Additionally, there is a history of closing player accounts and MyBookie attempts to justify this with a rule against professional bettors, sharp side movers, syndicate or propositional players – which can also be translated into plain English as those who win too much. While this is not a very common occurrence, it still comes off as a major worry for players looking to actually make MyBookie payouts.
The changing US laws and the availability of fully legal operators on US soil also adds to such worries, as offshore companies now provide competition to operators paying costly licenses as well as a number of additional fees. This means the near future could bring more serious repercussions for offshore providers, which would ultimately hurt bettors just as well.
Rewards and loyalty - Some dodgy deals at MyBookie
MyBookie does not have a regular loyalty program, but has other offers for existing customers. These include a reload bonus on your next deposit and a referral bonus for introducing friends to the site. Other deals include a horse racing betting rebate and a special pick’em bonus on every Friday.
Sadly, whilst all of these deals look good on paper, they are not quite so hot when you delve into the terms and conditions applied to them.
MyBookie Sport Sports Betting
Betting offer: Pointed towards US market
We’ve already stated that MyBookie is largely focused on US markets and this most apparent in the betting offer, where bettors can find a number of popular sports and leagues – including NBA, MLB, NFL, NHL, MLS. However, it is lacking international betting opportunities and even some major events.
A glance at the sporting leagues above reveals that you can place your bets on your favorite basketball, baseball, football, hockey, and soccer games. You are not completely limited to American sports, but just remember that a legit US sportsbook will have all of this and much more.
Odds: Can't compete with bigger sportsbooks
The odds at MyBookie try to have the competitive edge and while they're not the top of the industry at this point, it's obvious they are at least trying. When you put this together with a low MyBookie minimum bet, it seems OK. Still, there are legit operators who offer better.
Live betting - Fair amount of live betting options
MyBookie has a solid if unspectacular live betting platform. This lets you bet live on baseball, basketball and soccer all the way down to less popular sports like volleyball and so on. The odds were pretty much restricted to moneyline bets here though and the limited live streaming was of poor quality. A pretty lame choice for those into live sports betting.
Limits - Betting limits at MyBookie
The brand’s terms and conditions state that you can win anywhere up to $100,000 in a single day at this site which is a healthy amount, but we have seen reports of players having their winnings capped well below that figure without notice.
Although MyBookie does at least bother to show the minimum and maximum bet limits for each individual sporting event, bear in mind that it might not actually pay you what you win.
Conclusion - Simply a bad sportsbook
MyBookie is a pretty poor sports betting site. It has fairly dire odds for most sports that you’re going to want to bet on, although it is easy enough to use. Chances are that you’ll find more betting markets and better odds at some other sportsbooks.
However, due to the lack of US licensing and a few other dubious things about this site, we still have MyBookie blacklisted for now.
MyBookie review FAQ
❗Is MyBookie legal in the United States?
MyBookie works in somewhat of a gray area of the industry and while there’s been no prosecution, the operator holds no license to provide gambling services to US players.
☄ Are the odds at MyBookie better than with legal operators?
Not necessarily. The offshore bookies have the chance to offer edge to players with no fees and taxes paid but this doesn’t always bring it to the table, although advertised markets will feature such lines.
💸 Do I have to pay the taxes on my winnings?
Yes. All winnings require you to pay taxes according to laws in the state of your residence, regardless of where they were made.
🔖 Is 21 years of age the MyBookie age requirement?
No, bettors can register and place bets at 18 years of age or older. However, if the applicable state laws say otherwise, you still need to follow them.
🔗Am I liable to prosecution if I play at MyBookie?
While there are laws in some states which allow government agencies to prosecute players, this hasn’t been happening and it’s usually the operators who are targeted. Stay abreast of the latest gambling news at CaptainGambling.com.
Verdict: US players need to stay away
While we’ve seen many reviews rating MyBookie legit, it’s obvious betting with offshore operators by itself brings many dangers and we just cannot advise players to do so. MyBookie has a history of issues with winning players too, which adds to such a belief and brings an overwhelming feeling that this bookie is to be avoided.
Furthermore, there are now a number of state-licensed operators to choose from and this adds to the equation, as you’re better off investigating those options and making accounts with US-based bookies.
State-regulated casinos and bookies provide more stability and security – now imposing as prime choices for players in the United States. The apparently lucrative bonuses and odds offered by some offshore sites could be becoming less attractive to players but only the future will tell if the gambling market sees stricter control. So, Is MyBookie legit? Not in the US, at least for the time being.