Sportsbet.io Review

Looking to learn more about what Sportsbet.io has to offer?

They are a Bitcoin betting site with a host of other cryptocurrencies available. With bonuses for existing customers plus competitive odds and it’s a good first impression.

Explore what else this site has in store as a fully licenced, legal sportsbook in India.

Sportsbet.io Bonus – No Current Welcome Offer

As of the latest update, Sportsbet.io doesn’t have any active new customer promotions.

Their efforts are mostly centered on the loyalty offers and bonuses available to all customers in India.

Given their focus on cryptocurrencies, it’s somewhat understandable not to have a welcome offer in place, although this leaves them behind many other sportsbooks in the region.

If there is a new Sportsbet.io bonus to talk about in the future, we’ll be sure to update our review accordingly with all the details.

Other Bonuses and Promotions

As well as the IPL quiz, there are several other promotions and bonuses to be aware of at Sportsbet.io. These will be useful for betting on cricket or any other sports. The appeal of them will depend on your betting style, but it’s an encouraging sign that so many are available to all customers, not just new ones.

Multi Master

This is a weekly prediction contest. The betting site select 15 matches – usually football – and users can pick who they think will win each one. There’s a 3,000 mBTC prize for those who can correctly pick them all.

It’s important to opt in from the promotion page before placing your bet of at least 80 INR to be eligible. The bet must include each of the 15 specified events.

Predicting 15 football matches is no easy task. However, there is a consolation prize of 300 mBTC also available if no entrant manages to get them all correct. The prizes will be split in the event of multiple winners on any game week.

Price Boost

Getting bigger odds is positive for bettors. Sportsbet.io have a promotion that allows customers to select one outcome a day and boost the price on it. It’s available once every 24 hours and resets each day.

This can be a single bet, or a single leg in a multiple such as an accumulator. Either way, the overall potential winnings will go up once this is applied. These bets won’t be available for cash out because of the increase in original odds.

Joy of Multis

Accumulators of five or more legs that lose by a single selection are eligible for a free bet. The value will match the original stake of the multi, up to 25 mBTC. This offer is available once every 24 hours and there’s no need to opt in.

To add this to your bet, select “Apply Multi Insurance” in the bet slip. This will ensure the free bet is automatically credited if your accumulator misses by one leg.

Multi Bet Multiplier

Customers backing accumulators can also take advantage of the multi bet multiplier. This sees the overall odds increased when you place a bet with five or more legs. The percentage increases the more legs there are, up to a 12-fold which triggers the maximum 20% boost.

Here’s how the percentage increases the more legs there are:

• 5 legs – 7% boost
• 6 legs – 8% boost
• 7-12 legs – An additional 2% boost per leg, up to 20% for 12-folds.

To qualify for this, each leg must have minimum odds of 1.30. The maximum stake available to boost is 130 mBTC.

Safety and Security

Bettors can be assured of a safe and secure betting environment with Sportsbet.io. Secure Socket Layer (SSL) technology is in place on the website. This ensures that any information or data passed between a customer and the site stays secure.

Although this is standard practice across the online gaming world these days, it’s good to see that it’s operating in this instance too. As a bookmaker with their focus on cryptocurrency, ensuring customers’ data remains secure, especially during financial transactions, is clearly important.

What Licence Do They Hold?

Sportsbet.io is fully licenced by the Curacao eGaming Authority. This enables them to offer legal betting in India and several other countries around the world.

In order to obtain this licence, betting sites must demonstrate their trustworthiness in several areas including providing a fair and honest gaming service.

Payment Methods – A Focus on Cryptocurrency

Sportsbet.io is a betting site focused on wagering using cryptocurrency in India. These are relatively new payment methods that have grown in popularity in recent years.

Not least after India’s Central Bank clarified that commercial institutions could freely offer their services to those trading in Bitcoin and other cryptocurrencies. That means players can bet with confidence using them as their stake.

Customers who want to bet in Bitcoin or similar currency will need access to a separate online wallet to store their digital funds. This can then be connected with your Sportsbet.io account for deposits and withdrawals.

The range of coins available to deposit into your account is the widest on the market. They include:

• Bitcoin (BTC)
• Litecoin (LTC)
• Ethereum (ETH)
• Tether (USDT)
• Tron (TRX)
• Ripple (XRP)
• Allsportscoin (SOC)

Players select their primary choice of deposit method when opening an account, although this can be updated if you want to switch between different payment methods.

How to Deposit via Cryptocurrency

1. Open a crypto wallet if you don’t already have one. Popular choices include BitPay Wallet, Trust Wallet or Bitcoin.com Wallet.
2. Buy bitcoin or another cryptocurrency
3. Deposit funds using the QR code or your unique Sportsbet.io wallet address
4. The deposit should be completed instantly
5. Begin betting on your favourite sports in BTC or another cryptocurrency

Other Choices include Skrill, Neteller, and MuchBetter

As well as plenty of crypto options, there are many of the most popular, traditional deposit options available too. E-wallets such as Skrill, Neteller, ecoPayz, and MuchBetter are common choices when betting in India.

Overall, the choice of payment methods at Sportsbet.io is one of the best on the market. Here’s a look at what’s available:

Withdrawal Times

One of the main advantages of betting with cryptocurrencies like Bitcoin is the speed at which winnings can be back in your online wallet. Withdrawals can be completed in as little as four minutes at Sportsbet.io.

This is very fast, especially compared to waiting times of several days when using traditional banking methods such as debit cards and some e-wallets.

Withdrawals with MoonPay, though, can take a minimum of 48 hours.

You will be able to see the expected length of your withdrawal time on the ‘Withdrawal’ page when logged in. This is inside your account’s wallet, under the name of the banking method.

Fiat withdrawals in Indian rupees may take up to 3 working days.

Cricket Odds

The range of cricket odds available is wide-ranging, an encouraging sign regardless of how experienced you are.

The average pre-game IPL offering consists of 64 different betting markets. While this isn’t the biggest selection on the market, it makes Sportsbet.io one of the leading Indian betting sites.

Each of the most popular betting markets was well covered, as well as some more obscure options. This applies whether you’re backing who will win the match, score the most runs or how many boundaries there will be. There are also dozens of futures odds priced well ahead of each series or tournament getting underway.

At the time of writing, odds were available for the following tournaments:

• Indian Premier League
• Big Bash League
• Pakistan National Cup
• Cricket World Cup
• T20 World Cup

BetBuilder is Available on Cricket Odds

One of the unique features that Sportsbet.io currently offers is BetBuilder. This allows bets from a single match to be combined into an accumulator.

This has become very popular with many major European sportsbooks but it’s usually restricted to other sports such as football. This the first instance we’ve seen of it in use on cricket odds. It’s certainly a reason to consider using Sportsbet.io if you’re a fan of cricket accumulators.

Some of the markets on offer include:

• Player to score 10+ runs
• Match result
• Player to take a wicket
• How many runs will be scored in the match
• Player to hit a four or six
• Team to hit the most sixes or fours

Competitive Odds on Cricket

Sportsbet.io’s odds are competitive. They are operating at a similar margin compared to the competition. Not every match will have the same “house edge” built-in but understanding how much is being added to the potential outcomes of big events is a good guide.

Given that there is a daily price boost available too, these odds can be improved even further.

Here’s how the regular odds compare to several other betting sites in India.

Low Minimum Bets

Live Cricket Odds

The range of live odds was impressive. During several live matches from the IPL there were over 20 different markets to pick from. On top of this, there were several betting options with a big selection of outcomes.

For example, instead of offering just one line on the number of runs in the first six overs of an Indian Premier League match, there were three different lines, each with the option to back over or under the current number. This allows bettors even more control over their picks.

The choice of odds will reduce when a wicket is taken, but this is to allow the prices to be adjusted. Each of the markets will re-appear in a few seconds so there are minimal delays in placing any bets.

Scorecards and Ball-by-ball Tracker

As well as the latest odds, Sportsbet.io have a ball-by-ball tracker that shows what’s happening on the pitch at any given point.

This forms part of a scorecard that includes which batsman are at the crease, the bowler and the current score. Although not a revolutionary addition, it’s a useful tool if you’re betting in-play.

Sportsbet.io App for Android

Sportsbet.io now have an app for Android users. This is good to see as it shows they are growing and progressing.

It will be even better when they develop an app for iOS. They hadn’t yet at the time of writing.

Loyalty Scheme – The Clubhouse

The Clubhouse is the loyalty scheme available to all customers, including those in India.

This is one of the most honest and open programs on the market.

There are 7 tiers of the membership program. The more you wager, the better the benefits. Players can earn points based on their sports betting and casino play. Every bet, spin and hand will contribute to the total.

The levels are as follows:

• Steel
• Bronze
• Silver
• Gold
• Platinum
• Titanium
• Diamond

You can track your progress in real-time, which is a useful tool. Reaching higher levels also trigger points multipliers which allow players to rise through the ranks more quickly the more they play. Points reset on the first of each month.

Benefits

Once rewards are unlocked, players can choose the benefit they want. These include:

• Free bets on sports events
• Free spins on slots
• Cashback
• Free hands for casino games

How to Earn Loyalty Points

Points are earned using the following formula:

• Sports points: 15 x valid stake x tier points multiplier
• Casino points: 1 Euro = 5 points x points multiplier

VIP Scheme

Unlike the loyalty program, information on Sportsbet.io’s VIP scheme isn’t made publically available. The site advises that players will be invited if and when they reach a certain level of play.

This isn’t unusual. Many online betting sites have these programs in place but don’t disclose the level at which they come into play. Some of the benefits include a VIP account manager, invites to exclusive events, and personalised offers or promotions.

If more information becomes available, we’ll be sure to update our review accordingly.

Customer Support

There are a couple of ways to contact Sportsbet.io customer support. Live chat is available 24/7 and should be the first option in case of any queries.

Email support is also an option although response times will likely be slower than a live chat agent can provide.

At the moment there is no telephone number listed for customer inquiries. This isn’t usual for online betting sites. Usually, a good live chat service combined with email support and FAQ section is robust enough for all issues to be resolved.

Live Chat is only Available Once Logged In

During our review process, we found that it’s only possible to contact live chat once you’re logged in. This is somewhat unusual for a betting site in India. Many of them have this service available before signing up.

Once logged in, no agents were available at the first attempt. Although it’s good to see that a live chat option is available, this is an area where Sportsbet IO can improve.

Summary

Sportsbet.io is a market leader for those looking to bet in Bitcoin or other cryptocurrencies. Betting in rupees is available though, including all major e-wallets. Although there’s no welcome bonus, they do have a series of promotions and offers for existing players.

These include a market-leading IPL prediction quiz with a 2,000,000 INR prize pool. The cricket odds are highly competitive with a good selection of markets, especially for top competitions. A mobile app for Android is a big step forward.