RedBet is a recent entrant into the world of online sports betting and in this RedBet review we will shed light on the strengths and weaknesses of RedBet.
RedBet is owned by Evoke Gaming Group, which has its registered offices in Malta.
RedBet was founded in 2002 by a group of Swedish entrepreneurs, computer programmers and sports and betting veterans who wanted to use the world-wide web and internet for creating a more efficient betting exchange and sportsbook.
RedBet is a betting exchange which functions like a sportsbook allowing only a few selected customers who meet their criteria to lay odds themselves, whereas everyone can bet on established odds.
RedBet operates under a gaming licence issues from Malta and is also regulated by the UK Gambling Commission and both these jurisdictions are considered the most reputable ones for online sports betting.
The RedBet website is available in English, Swedish, Finnish, Norwegian, German and Polish.
Today RedBet has a casino and other gambling services, but they originally started out as a sports betting site and this is evident from their site as their sportsbook is still their bread and butter.
The company has primarily targeted its home market of European countries and they have been quite strong in Football which must come as no surprise as Football is the most popular sport in the countries where RedBet operates.
RedBet has carved out a niche for itself in just over a decade and with a collection of up to 28 sports they already rival some of the more established players such as Bet365 or Will Hill for that matter.
RedBet Review: 50% Match On First Deposit
- Name: RedBet Sports
- Website: www.redbet.com/en/sports
- Bonuses: 50% matching bonus on first deposit up to € 25
- Minimum Deposit: £ 10 / € 10
- Our Rating: 5.0 / 5.0
A Brief Look Into RedBet Sports
RedBet is a relatively new entrant in the online sports betting and gambling world and the company has earned stellar reputation in the short time since it was founded in 2002.
The RedBet brand is owned by Evoke Gaming Group which is registered in Malta and RedBet offers its services under a Maltese and UK licence issued by Maltese Gambling Commission and the UK Gambling Commission.
RedBet has grown considerably in the last decade and is now considered as one of the best online sports betting sites. In addition to sports, RedBet also offers casino, live casino and poker.
Although, they still generate most of their revenues from sports which remains their primary offering to hundreds of thousands of customers based in multiple countries.
With a multilingual website, excellent customer care service, a wide range of deposit/withdrawal methods, thousands of markets along with all the popular sports, it becomes almost impossible to avoid RedBet as the above-mentioned features have even forced seasoned punters to switch from their older bookmakers to RedBet.
A generous sign up bonus, coupled with fee free deposits and withdrawals make this one of the best sports betting site for all types of bettors and you must seriously think about starting your betting career with RedBet if you are planning to place your first bet in near future.
RedBet’s Sports Betting Offerings & Markets
Which betting markets does RedBet Sports offer?
RedBet covers almost all popular sports and includes following sports:
American football, baseball, basketball, boxing, darts, eSport, floorball, football, golf, handball, ice hockey, MMA, motor sports, pool, rugby league, rugby union, tennis, winter sports and politics.
RedBet is not available to users from all countries due to regulatory and other legal reasons and the company maintains a list of restricted countries which means that you may not be able to open an account with RedBet if you are from one of the country on their restricted countries list.
Following countries are on the restricted countries list of RedBet:
Afghanistan, Algeria, Angola, Bahrain, China, Denmark, Eritrea, Ethiopia, France, Hong Kong, Indonesia, Yemen, Jordan, Iran, Iraq, Kuwait, Libya, Malaysia, Mauritius, Morocco, Oman, Pakistan, Qatar, Rwanda, Saudi Arabia, Spain, South Sudan, Sudan, Syria, Tunisia, Turkey, United Arab Emirates, and the United States of America (and its territories) and possessions.
Red Bet’s Customer Service: Can They Help You?
RedBet offers multilingual support via various channels such as Live Chat, Telephone and email too.
Although, a big drawback is the limited time availability as they provide support only during working hours whereas 24 / 7 support is the standard norm in the online sports betting and online gambling industry.
Nonetheless, the FAQ feature of their website largely compensates for this as you can easily find answers to most of your questions on the FAQ section of their website and this can save you from a lot of trouble as you can easily troubleshoot all the issues by yourself.
RedBet has shunned the mobile app approach and has instead focused on developing a fully functional and user friendly mobile site which allows a user to perform all the tasks including betting, using the casino feature on his smartphone or tablet.
Red Bet’s mobile site is considered one of the best in the industry.
Some have questioned the company’s decision not to have a mobile app as many people find betting via an app easier as compared to betting from a mobile site.
But this is largely a personal choice as the number of those who’ve complained regarding lack of mobile app is too low to consider this as a genuine issue.
What Currencies and Deposit Methods Are Available?
RedBet supports all the currencies of its primary European markets, although this effectively means that the company has only a few currencies to offer as most of the countries of Europe are already using the Euro as their single currency.
These currencies are supported by RedBet: Euro, Swedish Kronor, Norwegian Kronor and Great British Pound.
RedBet supports a number of deposit and withdrawal methods such as Visa, Visa Electron, MasterCard, Skrill, Qiwi, Neteller, Przelewy24, Trustly, Paysafecard, Direct bank transfer, Credit cards.
RedBet doesn’t has a separate list of deposit and withdrawal options as all the deposit options can be used for withdrawing funds also.
How to Withdraw Your Winnings from RedBet Sports?
Withdrawing your winnings from RedBet sports is easy and you can finish the whole process within few minutes with just few clicks.
All you need to do is to login into your RedBet account and navigate to the withdrawal section under the “My Account” tab where you will be able to select from the available payment methods and fill in the detail of funds which you want to withdraw.
Deposit & Withdrawal Times at RedBet
Deposits are credited almost instantly to a RedBet account in case of most payment processors, although some such as bank transfer take a bit longer due to the time required by banks to process these transfers.
Withdrawals through most payment methods are processed within 24 hours.
The Min / Maxi Deposit / Withdrawals Allowed
RedBet has minimum and maximum deposit/withdrawal limits in place for all deposit and withdrawal methods and these limits can vary greatly depending on the payment processor.
There is a minimum deposit limit of €10 for most payment processors and no deposit lower than €10 can be made on RedBet.
Maximum deposit limits are a bit complex as they range widely from €1,000 maximum limit for Skrill and Paysafecard to €3,000 maximum limit for Visa/MasterCard/Maestro Credit cards to unlimited maximum amount via bank transfers.
There is a minimum withdrawal limit of €20 for every payment processor and like deposit limits, maximum withdrawal limits vary greatly depending on the type of payment processor chosen.
You can withdraw a maximum of €10,000 with Neteller, Skrill, €3,000 with Visa/MasterCard/maestro Credit Card and up to €1,000,000 with bank transfers.
Are There Any Fees to Look Out For?
There are no fees associated with any deposit or withdrawal method as the company itself absorbs any hidden fees charged by the payment processor to make things easier for its customers.
The only fee which you may need to pay is the 1.5% currency exchange fee which is applied if the currency in which deposit is being made is different than Euro.
RedBet Sports Starter Bonuses
RedBet offers a generous matching bonus of 50% up to a maximum of €25, which means that if your first deposit equals €50, then your started bonus will be €25 or 50% of the deposited amount.
No payment method, sports or player is excluded and this ensures that almost all new customers qualify for this bonus without any issue.
The only thing which you need to take care is the promo code which must be mentioned when making a deposit and the odds of the bet being placed as no bet with odds lower than 1.50 must be placed if you want to claim the welcome bonus.
Who Is RedBet Sports Perfect For?
RedBet Sports is one of the most highly regarded online sports betting site which allows even newbies to bet on their favourite sports and try their luck with one of the best odds in the industry.
Betting exchange feature of RedBet is especially appealing to seasoned punters who understand the ins and outs of sports betting and bookmaking.
With no fee deposits and withdrawals and one of the largest possible collection of markets and sports, RedBet clearly emerges as one of the best sports betting site available to people who want to bet on European sports.
As a primarily European betting site, RedBet has worked hard to establish themselves in their primary markets of European countries and they have largely succeeded in this.
In our view, RedBet is good for any type of bettor as everyone ranging from the first timer to experienced punter will find something of his interest at RedBet and this is one of the few “Evergreen” sports betting operation which is good across all the seasons and for all types of players.
AlphaSportsBetting’s Overall Rating: 5/5
We are giving a rating of 5 / 5 to RedBet which is the highest possible due to several reasons which will be explained below – sign up to RedBet here.
Unlike many of their counterparts, RedBet has focused on few selected sports along with few countries and have successfully achieved their aim of establishing themselves in core European markets such as Germany, Sweden, UK, Poland etc.
RedBet offers one of the best bonus in the industry which is given on a no questions asked basis to every new customer and there have been practically zero complaints from customers over the last 13 years since RedBet has been in existence.
RedBet website is designed professionally and is extremely easy to navigate and the company has also taken care of the banking aspect of its business by providing a good collection of deposit and withdrawal methods to its customers.
In this RedBet review, we have tried our best to consider all the facts associated with RedBet and have concluded that it is one of the rarest online sports betting sites which seem to have addressed all the crucial issues and ticked all the boxes.
These factors have influenced our decision and have forced us to award the highest possible rating to RedBet.
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