BetOnline Sportsbook Review

BetOnline Promo Code & Sportsbook Review

 Bonus TypesBonus Description
Sportsbook Bonus50% Up to $1000
Crypto Deposit Bonus100% Up To $1000
Live Betting & Mobile Betting$25 Free Play
Reloads25-35% Reloads All the Time
Bonus CodeBTB

BetOnline Sportsbook Review & New User Bonus & Promotions Information is a multi-vertical online gambling site that offers sports betting, horse racing, casino games, and poker. The site launched in 2001 and it is currently based and licensed in Panama. The sportsbook made headlines in 2009 when it attempted to accept the first sports bet placed from atop Mount Everest. 

While the team slated to place the wager never made it to the summit, they were able to successfully place a wager from Base Camp 4 which looms over 26,000 feet above sea level. Coincidentally, the bet won prompting BetOnline to donate $20,000 to charity.

BetOnline was also one of the first online gambling sites to support Bitcoin. However, there is a lot more to BetOnline than promotional stunts and Bitcoin betting. The main reason for the site’s ongoing success is that they offer a top-quality product. Be it casino games, sports betting, or online poker, BetOnline offers everything that the sports betting public wants. This BetOnline review will focus on the sports betting vertical and what makes it so special. 

Pros and Cons of Using BetOnline


  • Licensed in Panama
  • Offers sports betting, casino games, and poker
  • Valuable welcome bonus
  • Supports cryptocurrency
  • Competitive odds on a wide range of sports betting markets
  • 24/7 Support


  • Limited fiat currency payment options
  • Lacks regular sports promotions
  • No live streaming

Which Markets Do BetOnline Cover?

Like most other top-tier internet sportsbooks, BetOnline offers live and pre-match odds on almost any sport you can think of. If you visit the main sportsbook lobby, you will have about 30 sports and competitions to choose from. Among the most popular sports on offer are:

  • American football
  • Soccer
  • Hockey
  • Golf
  • Tennis
  • Cricket
  • Basketball
  • Baseball
  • Rugby
  • Boxing/MMA

Within each of these sports are a wide range of leagues and special events. For instance, soccer bettors can wager on over 100 leagues that operate across the globe as well as major soccer events like the World Cup. Those who enjoy football can wager on the NFL, NCAA, and Canadian football while hockey fans can choose from several alternatives to the NHL.

BetOnline doesn’t quite stack up to many other top sportsbooks in terms of their betting menus. Those who want to stake money on EPL matches might not be overly impressed with having a couple of dozen betting options available considering how some competitors can offer over 1,000 betting options on a single game. Still, you will find an assortment of opportunities beyond the standard sides and totals. Some of the more popular soccer bets at BetOnline include:

  • Halftime/Fulltime Results
  • Team Totals
  • Team to Score First
  • Both Teams to Score
  • Clean Sheet
  • Draw No Bet
  • Correct Score
  • Winning Margin
  • Double Chance

One area that BetOnline Sportsbook excels in is their coverage of niche sports. They might not generate as much betting action as mainstream sports, but you can still place a variety of wagers on:

  • Darts
  • Handball
  • Snooker
  • Table Tennis
  • Alpine Sports
  • Cycling
  • More

Furthermore, BetOnline offers odds on events that have nothing to do with sports. You can check out the Politics tab to bet on upcoming elections or hit the Entertainment tab to bet on awards and other entertainment props. You can even bet the Dow Jones and other stock markets by hitting the Financials tab. BetOnline has something for everyone.

Live Betting

Live betting is one of the most popular innovations in sports betting. BetOnline offers great odds on matches that are already underway. Did you miss getting your wager in before the game started? Well, you can place a live bet. In-play betting allows punters to get a feel for the flow of a game before they commit to a bet. 

Generally speaking, BetOnline’s live betting menus aren’t as extensive as their pre-match menus. This is typical for online sportsbooks. Still, any live betting menu will serve up plenty of live betting options.


BetOnline offers new players their choice of two sportsbook welcome offers. There’s one for crypto users and another for those who use fiat currency. Because BetOnline prefers customers to use crypto, their crypto bonus is more valuable. It’s too bad that the bookie doesn’t offer more in the way of regular promotions. They do have an unlimited reload bonus offer, but there is next to nothing for sports bettors beyond that. Let’s take a look at the offers you can take advantage of at BetOnline. Be reminded to read each bonus offer’s full terms and conditions.

50% Sports Welcome Bonus

If you plan on using fiat currency for betting at BetOnline, the 50% sports welcome bonus is the offer for you. Simply make your first deposit of at least $55 using the bonus code BOL1000 and BetOnline will 50% match the deposit amount up to $1,000. That should get you off to a good start!

To make the bonus cash eligible for withdrawal, you must wager the total of the bonus amount plus the deposit 10 times which is quite reasonable. So, if you deposit $2,000 and claim $1,000 in bonus cash, you need to stake $30,000 in wagers to collect the bonus. You have 30 days to satisfy the bonus terms and conditions.

100% Crypto Bonus

Just to clarify, this offer isn’t exclusive to new customers. Instead, it is extended to any new or existing member who makes their first crypto deposit. If you have made a fiat currency deposit in the past, you are still eligible to claim this offer.

To get your 100% crypto bonus, use the bonus code CRYPTO100 when you make your first crypto deposit of at least $20. BetOnline will then 100% match it up to $1,000. This offer is subject to a 14X rollover of the bonus amount plus the deposit. So, If you deposit $1,000 and get $1,000 in bonus cash, then you must stake $28,000 in wagers to withdraw the bonus. You have to meet the bonus terms within 30 days.

25% Sports Reload Bonus

When it comes time to top up your account balance with a minimum deposit of $50, be sure to use the promo code LIFEBONUS. When you do, BetOnline will 25% match your deposit up to $250. This offer is always available and can be claimed as many times as you wish. Another nice thing about this reload offer is the low 6X wagering requirement on the total of the bonus plus the deposit. 

35% Crypto Reload Bonus

The 35% crypto reload bonus is yet another reason to use cryptocurrency at BetOnline. When you add a minimum of $20 to your BetOnline Sportsbook account using the bonus code CRYPTO35, BetOnline will 35% match it up to $350. Like the above-mentioned 25% reload bonus, this crypto reload bonus is available for every qualifying crypto deposit you make. However, this offer is subject to an 8X wagering requirement which is still quite player-friendly.


The odds at BetOnline are on par with those offered at other top-rated online sportsbooks. When it comes to spreads and totals for major sports, you’re typically looking at -110. This equates to a 4.77% odds margin which is pretty good. 

A lot of the moneylines have margins in the 3.5% range which is even better. Even moneyline margins for small-market competitions like billiards often hover in the 4.5% to 5% range which is better than you’ll find at most other big bookies.

Mobile Design & Usability

Do you have a mobile browser and a steady wireless connection to the internet? If so, you have everything you need to enjoy BetOnline’s mobile betting platform. BetOnline doesn’t offer a native app simply because it’s not necessary. Instead, they have optimized the site for mobile browsers and smaller screens. 

The mobile platform offers all the bells and whistles that desktop users can avail themselves of. The mostly white and black color scheme and lack of flashy banners make the mobile site easy on the eyes and a cinch to navigate. 

You can scan through trending in-play betting menus and pre-match menus on the main page, or hit the menu in the top-left corner to peruse the list of available sports. Once you have selected the wager you want to make, it will be automatically added to your bet slip. All you have to do after that is enter your stake and submit the bet. 

BetOnline Rewards

We were surprised and a little disappointed to discover that BetOnline Sportsbook does not offer any sort of rewards program. While this isn’t a major strike against them, it would be nice to see a loyalty and VIP scheme introduced. It would definitely help to attract the savvier sports betting crowd who value such programs.

Operating License

BetOnline is both based and licensed in Panama. This means they can legally accept players from multiple jurisdictions around the world.


BetOnline certainly has some helpful features. For instance, the Prop Builder feature lets bettors create their own custom parlay by mixing and matching different events. If you like NBA parlays, you could use the Prop Builder to create a parlay consisting of multiple player props, game props, and team props from different NBA matches. For instance, you could parlay Bradley Beal Over 23.5 points along with Darius Garland Under 2.5 rebounds and Jarrett Allen Over 3.5 assists.

Another neat feature is BetOnline’s Odds Booster which gives bettors enhanced odds on select events. This is a great way to win more money. Perhaps the biggest drawback to BetOnline is that the site does not offer live streaming which is such a standard and highly sought-after feature. Having live streaming would definitely be a blessing to in-play bettors.


While BetOnline supports an assortment of cryptocurrencies, they only give fiat currency users a limited number of payment options. Let’s go over your options.


Let’s start by going over crypto deposits. Most crypto deposits require a $20 minimum. The only exceptions are Chainlink, Tether, and USD Coin which have a minimum of $300. In addition to Bitcoin, you can choose from loads of other cryptos including:

  • Avalanche
  • Bitcoin Cash
  • Cardano
  • Dogecoin
  • Ethereum
  • Litecoin
  • Ripple
  • Tron

The maximum deposit amount for all cryptocurrencies is set at $100,000. These deposits should be credited to your account and available for use within a couple of minutes.

If you want to deposit fiat currency such as American dollars, you can use:

  • Visa
  • Mastercard
  • Discover
  • American Express

The minimum deposit amount is $25 while the max is capped at $5,000. This might be lower depending on your card limits. You can also use a money order to deposit between $300 and $9,000, or a wire transfer to deposit between $500 and $10,000. Be warned that credit card deposits come with a gut-wrenching 9.75% processing fee. 


You can withdraw your winnings using the same method you used to deposit. Those who use crypto can withdraw between $20 and $100,000 at a time. You can expect to receive your winnings within 24 hours. Many crypto customers only end up waiting less than an hour. Best of all? Crypto withdrawals are free.

Those who withdraw fiat currency can use:

  • Money order
  • Wire transfer
  • Check by courier
  • Credit Card

While couriered checks and money orders can take 5 to 7 days to reach you, it’s faster than wire transfers which can take up to 15 days to reach you. Credit card withdrawals normally take 3 to 5 days. No matter which fiat currency method you use, expect to pay fees. They are itemized in the “Cashier” section under the “Help” tab.


BetOnline doesn’t mess around when it comes to protecting you and your information. The site uses SSL encryption, firewalls, and other electronic security tools to protect communications and stored data. They also have a team of security experts constantly monitoring the site for suspicious activity. We recommend that you read the site’s privacy policy to find out what information BetOnline uses and how they use it.

Customer Support

Customer support is another area that BetOnline does right. If you prefer to try figuring things out for yourself, BetOnline has an excellent Help and FAQ section that covers an array of common and not-so-common questions and issues. There’s a good chance you’ll find the answers there. If not, you can get a hold of a customer service rep over the telephone or by using the live chat feature. Your other option is sending an email although you may have to wait an hour or so to get a reply.

Additional Services

As mentioned at the beginning of this BetOnline review, this site also features a casino and a poker room. The casino has hundreds of mobile games from top providers like BetSoft and Rival Gaming. You can find plenty of slots as well as a table game collection that goes way deeper than the standards like baccarat, roulette, and blackjack. They also have dozens of live dealer tables open 24/7.

The poker room is usually busy, but not nearly as busy as top poker sites like PokerStars, Partypoker, and Ignition. Still, they have all the popular poker variants and stakes to suit all budgets.

Our Experience with BetOnline

We can honestly say that we had a good time reviewing BetOnline. We were neither overwhelmed nor underwhelmed. Let’s just say we were whelmed. We can’t complain about the number of sports and events on the menu. Nor could we complain about the odds. 

However, we would have appreciated having a few more betting options for mainstream sports and access to live streaming. We would also have liked to have access to regular promotions and more fiat currency options without the silly fees.

In the end, we can attest that BetOnline is indeed legit. Is it the best site for you? Well, only you can answer that. While we can confidently endorse BetOnline, we can also tell you that there are better sites out there. We urge you to give it a try and come to your own conclusion. Don’t forget to claim your welcome bonus valued at up to $1,000.

  • Competitive Odds
  • Established and reputable brand
  • Supports cryptocurrency

BetOnline Sportsbook Review

In the world of online sports betting, you have a lot of choices. It is best to have multiple sportsbooks at your disposal, but if you want to keep it simple and only have one sportsbook, BetOnline Sportsbook is a great option. This is a no-frills sportsbook that manages to offer a lot of different betting odds, ranging from sports to entertainment to politics. Customer service has always been a priority. Not convinced? You can find out for yourself by giving your account a head start with our exclusive BetOnline promo code at BangTheBook.

Based in Panama City, Panama, BetOnline promotes their safe, reliable, and secure business environment in what some consider to be “the banking capital of Latin America”. This sportsbook has an outstanding reputation in the online sports betting community and they offer just about everything you could ask for. Their sportsbook is willing to take chances by being one of the earliest to post lines on MLB, college basketball, college football, and other major sports. They also offer an extensive collection of non-major sports, entertainment and politics prop bets, and so much more.

Part of the reason so many people love BetOnline is because of all of their deposit methods and withdrawal options. Few sportsbooks are able to showcase the type of “Cashier” page that BOL can, with Visa, American Express, Mastercard, Person to Person, Money Orders, Bitcoin, Skrill, Neteller, Book to Book, Bank Wire, Check, Diners Club International, Discover, and JCB all available for account funding purposes. Withdrawal options include Courier Check, Cashier’s Check, Bitcoin, Skrill, Book to Book, and more.

Fast deposits are available because of the revolutionary financial system that BetOnline uses. Their system is protected by high-level encryption that is constantly tested and fine-tuned to provide peace of mind to each and every client, from the $10 bettor to the $1,000 player. Same-day payouts are available because BOL knows that speedy withdrawals are one of the most important attributes a sportsbook can have.

BetOnline doesn’t have to entice clientele with gaudy bonuses that include high rollovers and other hidden terms. They offer a 25 percent welcome bonus, as well as a lifetime bonus guarantee that will lock in your bonus rate for the duration of your account. With smartphones, mobile betting is more popular than ever, and BetOnline is offering up to a $50 free play credit if your first mobile bet does not win.

Arguably the best feature about BetOnline is their MLB dime lines, which gives account holders an edge of other books that have 15 and 20-cent MLB gaps between the money lines. In a sense, one could view the vig, or juice, like the house edge in casino games. Dime lines limit the house edge and are a major advantage to the player. That is a very big perk of being a part of BetOnline.

Speaking of house edges, BetOnline’s Casino is one of the best in the business. New players will have a risk-free $25 live dealer bet for play in the live casino. Win and take your winnings. Lose and BetOnline will refund your bet up to $25. Along with that simple and fair promotion, monthly high roller bonuses, initial and reload deposits, and everything else that you would expect from a betting site that cares about your needs highlight BOL’s virtual casino.

BetOnline also offers one of the most popular poker clients of any sportsbook. With sit-n-go satellites, juicy cash games, competitive bonuses, and POP points that can be used as rewards towards tournament buy-ins, BetOnline has its finger on the pulse of today’s gambler.

The best part about BetOnline is that they are flexible enough to cater to every kind of bettor.  With $1 minimum bets, you can learn with little risk and graduate up to betting bigger amounts. No bet is a lock, or so they say, but we can tell you that the odds are in your favor that BetOnline will treat you fairly, keep your money safe, and become your favorite sportsbook. Sign up now through BangTheBook for an exclusive bonus offer.

Bonus:50% up to $1000 or 100% Up to $1000 W/ Crypto
Bonus Code:BTB50
Live Betting:Yes