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2024 BetOnline Sportsbook Review

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Overall Rating 4.5

50% Signup Bonus

Up To $1,000

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Up To $250

BetOnline Sportsbook Rating

BetOnlineAG is one of the largest online sports betting sites in the world and has earned a top spot among our list of legal sportsbook reviews. Over the years they have built up a solid reputation with us as a trustworthy and legitimate legal sports betting site.

BetOnline and their sister site SportsBetting (AG) both operate out of the legal gaming jurisdiction of Panama and can legally accept US gamblers over the web via their offshore location.

In the below review, our team combs through all of the functions we deem essential to be a successful online sports betting operation and weighs in on how BetOnline Sportsbook stacks up against the competition.

Reputation
Bonuses
Payout Speed
Betting Options
Table Of Contents

    BetOnline Sportsbook Overview

    The BetOnline gambling group has been a privately held company since 2004, although their website touts that they have been involved in gambling since around 1991. The company is headquartered in Panama City, Panama, where they’re fully licensed and regulated.

    BetOnlineAG receives loads of traffic from online sports gamblers, but our staff also routinely visits their online sportsbook when shopping the odds for the best payouts. They cater to a very large audience and have developed a strong reputation worldwide.

    BetOnline has become one of the largest three books on the web because not only do they continuously keep up with the latest betting lines, but they're also always on the hunt for new categories to include among their wagering options.

    How has BetOnline AG managed to do this? We cover each aspect of their superior online sportsbook in detail below.

    Our staff is made up of sports betting enthusiasts that seek out the top online sportsbooks in existence. Why? Because we’ve got skin in the game, and place bets on sports, politics, and entertainment ourselves.

    We offer BetOnline as a top online sportsbook because we are customers, and always check their betting lines before deciding where to ultimately place our wagers.

    Our team doesn't bet with them every time, and we don’t advise that others do either. What we do suggest is that BetOnline is one of the sites that all serious online sports bettors should belong to.

    We’ve collectively been betting on sports for decades, and when we say that BetOnline is one of the best, it is because there is no hesitation at all to place a bet on sports with them ourselves.

    • Industry Longevity & Growing Membership
    • One Of The Top 3 Offshore Sportsbook Sites In Nearly Every Category
    • Exclusive Entertainment Betting Odds
    • Allows For Members To Join At 18 Years Of Age
    • Easy To Use Web Design
    BetOnline Pros And Cons

    👍 Pros

    • Members Allowed From All US States Except For NJ
    • One Of Our Top 3 Recommended Online Sportsbooks
    • New Members Can Earn Up To $1,000 In Bonus Cash
    • An Industry Leader In Entertainment Betting
    • Cryptocurrency Payouts In Less Than One Hour

    👎 Cons

    • Does Not Allow Bettors From The State Of New Jersey
    • USD Withdrawal Times Are Much Slower Than When Using Bitcoin Or Other Cryptocurrencies They Accept

    Bonuses And Promotions For June 2024

    Offshore books typically offer sports betting bonuses that match a portion of members' deposit amounts. BetOnline's featured promo offer is a 50% bonus up to $1,000, and the rollover requirements are only 15X, which is lower than many other sportsbook sites. This is the standard sports betting bonus that they offer all year.

    BetOnline's bonus offers are competitive with other major brands and are certainly worth considering any time an online sportsbook deposit is being made. Other current bonus promos include:

    • 50% Sports Welcome Bonus – Up To $1000 (10X rollover) Code: BET1000
    • 200% Refer-A-Friend Bonus – Up to $200 (5X rollover)
    • $50 Player Prop - Good on your FIRST-ever bet placed using their prop builder application.
    • Odds Booster - Displayed in the form of futures, props and parlays.
    • Single Game Parlay - Score bigger payouts by combining your favorite picks into one wager.
    • Esports Parlay Power Up - Land all your hits on any esports parlay with 5 or more selections, and you can boost your winnings by up to 60%!

    *Most of the bonus offers above feature rollover or playthrough requirements that should be read through before accepting.

    BetOnline College Football And NFL Contests

    Each fall, contests for college football and pro football betting contests are produced that often last the entire season. Their football oddsmakers are always trying to come up with new ideas and interesting angles for NCAAF and NFL contests that reward their members and entertain them at the same time. Football contests for 2024 include:

    $50,000 College Bowl Game Pick'Em 

    Between now and December 27th, existing members can enter this contest which requires making correct picks against the spread on a series of college football bowl games occurring between 12/27 and 1/19, including the CFP National Championship Game. The cash prizes are free and come with no rollover requirements. The top prize is $10,000, with the top 350 finalists finishing in the money.

    Perfect NFL Parlay For $250K

    This contest is available during every week of the NFL season and asks members to make picks against the spread or the over/under for 16 games each weekend. This contest can be entered for free as long as at least $50 in bets have been placed over the previous calendar week.

    $10K NFL Survivor Contest

    Each week of the season, members must pick an NFL winner without choosing the same team twice. Winners will qualify for the grand prize, but entries are limited to early on in the season to guarantee year-long participation. There is no cost to enter the BOL NFL Survivor Contest, but at least $20 of cryptocurrency must have been deposited at some point during your membership to qualify. Closed until next season.

    2nd Chance NFL Survivor Challenge For $150K

    Current members can purchase an entry to this NFL survivor challenge for $30, with lower prices available for multiple entries. Starting in Week 5, NFL winners must be picked each week throughout the season without repeating the same team. The top finisher wins $150,000. Closed until next season.

    Available Sports To Bet On

    Members can find point spreads, over-unders, props, futures, and moneylines on the following sports occurring around the globe.

    Is There A BetOnline App?

    The BetOnline app for sports betting is unique in that it does not require a download to Apple or Android betting apps in order to access the latest betting lines on iPhones, iPads, and other popular tablets and smartphones. The BetOnline Sportsbook app just requires a click using any web browser on your handheld device.

    Mobile sports betting using the BetOnline app offers the same experience that is delivered on the sportsbook desktop site and adds the convenient element of touch-button navigation for single-handed wagering.

    Live Betting

    After the game begins, BetOnline's live betting options kick in and allow for wagering as pro and college contests are in play. Odds for the moneyline, point spread, and over/under, continue to receive action at well into the final minutes.

    Prop bets and certain futures odds also continue to receive wagers while games are in play. For live betting lines, simply enter the sportsbook at BetOnlineAG after the game clock has started running and if it isn't located front and center, click on the league or sports subgenre on the left side of the screen.

    User Interface

    BetOnline recently performed a complete facelift to their website, but have still kept their old format available to members who prefer that look. We prefer the old look as well, and hope that they continue to allow both versions.

    We’ve just become accustomed to layout of the older UI, but new members will likely adhere easily to the new format. Both versions feature the same easy to navigate betting odds located along a pane on the left side of the page.

    Some online sportsbooks will often shift their categories around, or worse, remove them altogether when the sports is out of season.

    BetOnline keeps their hierarchy intact so that patrons can quickly find the betting odds that they are interested in with minimal searching. It may not sound like much, but it only takes one occurrence of having to hunt for betting lines to realize the importance of this feature.

    Leaving these categories year-round also gives confidence to bettors that they will indeed feature those categories again in the future.

    BetOnline screenshot

    BetOnline Deposit Options

    BetOnline offers a robust selection of reliable online sports betting deposit methods and support more types of cryptocurrencies than any of its competitors!

    For deposits, several popular credit cards such as Mastercard, American Express, Discover card, Visa, and Discover can be used. Deposits can also be made with the US Dollar using cashier's checks, money orders, bank wires, the RIA money transfer service, or e-Checks. Interac is now also available in Canada.

    Our personal favorite is Bitcoin (BTC) and other crypto options. Crypto gambling transactions are fast, guaranteed, come with the best deposit match bonuses, and allow for same-day payouts.

    BetOnline's cryptocurrency withdrawal portfolio includes:

    BetOnline.ag banking options

    For those of you who are new to using cryptocurrency to fund your online sports betting accounts, we have a guide to help you through the process. Visit our page that explains "How To Use Cryptocurrency to Bet on Sports" for more information.

    How To Buy Crypto For Deposits

    If you want to deposit using cryptocurrency at BetOnline but have never purchased crypto before, you will have to go through a 5-10 waiting period before you can send new crypto off-platform when using regular commercial cryptocurrency exchanges. When you want to bet on tonight's game or this weekend's contest, that's no good. To get crypto faster, you have four general options:

    • Zelle-To-Bitcoin – You can use the Zelle P2P service to buy Bitcoin from private sellers. This process takes about 1-2 hours from start to finish, after which point you can fund your account.
    • Cash App-To-Bitcoin – If you have a Cash App account, you can buy Bitcoin right within the app itself. ID verification takes just a few minutes, after which you can immediately send your BTC to your sportsbook accountusing Cash App deposits. You can also claim Bitcoin payouts directly from BetOnline into your Cash App wallet.
    • Coinify Store Coinify is an instant online crypto storefront with KYC that takes just a few seconds compared to exchange ID verification. Use any credit card to buy most online sports betting cryptos and have them sent directly to your wallet. From there, make Bitcoin/crypto deposits as normal.
    • Atomic Wallet – Atomic Wallet is the only major mobile crypto wallet that also has a built-in exchange. You can buy any common sports gambling crypto coin using Atomic Wallet, store it right in the app, and instantly send it to your bankroll. Our guide on how to buy crypto with the Atomic wallet will answer any other questions you may have about the common crypto wallet.

    BetOnline Payouts

    As a crypto-friendly sportsbook, BetOnline also supports payouts using cryptocurrency. Transactions are free every single time you want to cash out with Bitcoin, Cardano, Solana, Ethereum, Dogecoin, or other popular altcoins that they accept (see above).

    The only option for a same-day payout is to withdraw funds using cryptocurrency. You'll receive your winnings usually somewhere between 5 minutes and 2 hours depending on how busy the blockchain is for the specific crypto you are using. When requesting a BetOnline withdrawal, speed is of the essence, and cryptocurrency delivers the absolute fastest sports betting transactions available today.

    Their withdrawal policies for using traditional payout options limit members to bank wire transfers, ACH withdrawals, money orders, and checks by courier. These methods for USD withdrawals all require between 3 and 15 days to process depending on which method you opt for and typically carry high transaction fees.

    For banking options, our staff's BetOnline payout reviews average above 9.5 out of 10 here at SportsBetting.Legal. They support more crypto altcoins than the average sportsbook, leaving bettors with a nice selection of same-day payout opportunities. They also do a great job at predicting what the latest and most in-demand crypto banking options will be and integrate them into their banking suite.

    The only "miss" when it comes to the banking suite is that the site doesn't yet offer any P2P-friendly services similar to Bovada's voucher and MatchPay solutions. Luckily, these are almost certainly in the works as we speak!

    To see how their payout and deposit options stack up to other legal sportsbooks, see our sportsbook banking comparison guide.

    Betting Limits At BetOnline

    Some online sportsbooks draw a line in the sand and cap all bets at that number. BetOnline does indeed feature betting limits, but it varies from sport to sport depending on popularity.

    For instance, eSports betting features a maximum wager of $100, while some aspects of wagering on NFL games allow for bets of up to $20,000.

    These maximum betting limits at BetOnline can be exceeded by calling customer service and discussing the wager that you intend to make with them.

    How To Sign Up For An Account

    Placing a wager can be done within a few minutes because the new membership process can be completed in three simple steps.

    1. Click on the green join button at the top right of any page
    2. Enter information to complete your account profile and create a BetOnline login (keep it confidential!)
    3. Make your first deposit using cryptocurrency (recommended!) or USD.

    That's it! New memberships also qualify for sportsbook bonus offers which are detailed in a section above.

    BetOnline Bet Types

    • Betting Lines For All Major Pro And College Games: The point spread, moneyline, and over/under for any game receiving attention across the entire planet will be featured at BetOnline.
    • Futures Odds: League championships, division or conference titles, and MVP awards all fall under the futures category. This type of betting involves a list of potential winners with moneyline odds for each. These odds tend to last on the boards much longer than game lines.
    • Prop Bets: Any and all in-game (or outside the game) occurrences can cause for the creation of a prop bet, including the first player to score, halftime performance odds, and literally anything else that happens during the broadcast.
    • Live Betting: Betting lines, props, and futures all continue to take action as the game is being played. BetOnline's live odds are some of our favorite on the web.

    Is Betonline Legal in the US?

    Yes, a player who chooses to play with an offshore is essentially betting on sports legally because the offshore sites aren’t required to adhere to US law. The gambling laws on the books actually speak more to operating a site as a business on US soil.  But they do not actually make the act of placing a wager illegal at all with the exception of 1 or 2 states. Sports betting in Puerto Rico and other international countries is also allowed under local gambling laws.

    Restricted States And Countries

    The only restricted state is New Jersey, in addition to NJ BetOnline will not accept registrations from the following areas: Australia, Afghanistan, Central African Republic, the Democratic Republic of the Congo, Eritrea, France, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Malta, New Jersey, North Korea, Panama, Somalia, South Sudan, Sudan, and Yemen.

    Layout and Ease of Use

    Having seen hundreds of different sportsbooks, we can say in all confidence that BetOnline is one of the easiest to use, especially if you’re a novice to this world. As soon as you load up the homepage, you have lines and sports staring you directly in the face. For instance, during football season, what we saw when clicking on the site were Friday’s football lines, featuring a moneyline, an over-under line, and even a point spread.

    Having three separate betting lines on football alone is a great sign, but what’s even better is that the site is so easy to navigate. You see the main action of the day directly in the center of the site, but directly to the left are all the sports and lines that BetOnline is offering up. All you need to do is click on the tab and expand the offerings. The same holds true for whatever sport is in season.

    You can also see the cashier tab right from the homepage so you can easily get your money into the site and check on your balance without having to chase down a few different pages. What you’ll also see over to the right is a bet slip, which will tell you how much money you have available and on which events and lines you have placed your money.

    For gamblers in the know who love to leverage and parlay their bets, this sort of accessible slip is a great feature to have so that you’re always a step ahead in your betting. Overall, we’d give the layout and user interface a solid 9/10. The color scheme leaves something to be desired, but that’s getting into quibbling. There’s certainly nothing wrong with the actual features and interface of how the site’s laid out.

    BetOnline Mobile betting

    BetOnline Prop Builder Tool

    In January 2018, the new BetOnline prop builder tool debuted, which allows users to customize their own wagers on player performance as opposed to simply betting on odds or lines given by a sportsbook. It’s as simple as picking one or multiple players and selecting how you think they will perform. Legal Super Bowl prop builders are also available for the big game and are a great way to hedge bets or make extra bankroll dollars betting on props.

    The more likely something is to happen, the less the payout will be, and the less likely something is to happen, the better the payout will be, and it’s all displayed instantly. Overall, player props is a good tool for anyone wanting more freedom and more options when betting on player performance.

    Summary

    Overall, we’re tagging BetOnline with a 4.6/5. There are many reasons for this, and it all really starts as soon as you log onto the site. The layout and interface is incredibly user-friendly, and even a novice gambler can figure out how to operate things in only a few seconds. It’s a very intuitive set-up that makes it very easy to gamble.

    There’s also a whole lot of sports on which you can bet, and all sorts of lines from which you can choose; and if you want to get to the prop bets or the live betting section, there are all sorts of options to keep you busy. So no matter what sort of sport you like or what sort of style, you’re going to find something that you’ll appreciate.

    The same holds true with banking options. Bitcoin is the king in this day and age, but you can find a ton of different payment and withdrawal options, so no matter where you’re at in the US, you’ll be able to get your money in and out without charge and in an instant.

    The only real negative we encountered when vetting BetOnline was that they occasionally charge a fee on certain deposit options like credit cards. I’m not crazy about paying extra just to deposit funds that I will likely lose, but other than that they are rock solid and are easily one of the best sites around to both US and international players alike.

    Frequently Asked Questions