• Accepts players from all over the world
  • Known for their live betting offers
  • Dozens of deposit and withdrawal options

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4 Star Rating Overall 4

BetOnline Sportsbook Review

BetOnline sportsbook is much newer than some other online sportsbooks, bursting onto the scene in 2001 as BestLineSports. After moving to Panama in 2004, they expanded their operations rapidly to become one of the larger offshore betting sites. The established bookmaker then purchased BetOnline sportsbook and the domain name of BetOnline.com. This acquisition, along with hard work, transformed a smaller sportsbook into the international powerhouse that it is today.

Betting Options

This is an international online sportsbook which accepts players worldwide. BetOnline offers a massive assortment of sports to wager on, along with all the usual bet types such as parlays, teasers, and futures. Props and future bets are expansive, with props on every nightly NBA game and too many to count in their NFL betting lineups. Future wagers include all major sporting championships, player awards and categories such as politics and entertainment bets on shows such as American Idol and So You Think You Can Dance.

Live betting is offered as well, and since the company refined their live betting experience, users have been thrilled with the upgrade. Live betting is offered for select games on most major sports, such as Baseball, Basketball, Football and Soccer.

The sportbook lobby at BetOnline is one of the best available for online bettors, the menu using a series of plus and minus buttons to allow users to see which categories are available without reloading the page. The user can then select to load the page once they select their sport and league, from there, in just a few clicks, any combination of bets can be placed. There seems to be few if any bugs within their system, as it runs fast and bets are accurately placed.

In addition to offering a full service sportsbook, BetOnline offers users a chance to wager three more different ways, a Vegas style casino, an online poker room and on the horse track.

Customer service in addition has gotten rave reviews all around as well. The staff is available 24 hours a day and customers can wager online and over the phone at anytime of the day 365 days a year. In addition, the live chat is always available, BetOnline has unbelievable customer service.


In addition to great customer service, they offer players a large assortment of deposit bonuses, reloads, and promotions. BetOnline offers a very generous matched deposit bonus of 50% up to $1000. Simply open an account and, using promo code BOL1000, make a minimum deposit of $25 to gain a 50% boost on however much you deposit, with a huge maximum bonus of $1000.

In addition to a lifetime deposit and reload bonus, there are some inventive promotions that add the ability to get your wager refunded, even when you lose your bet! For example, if a player wagers the under on an NHL matchup and one of the two teams covers the over by themselves, the bettor is insured up to $250.00 in free play bonuses. That’s right you can lose and still win at BetOnline! The other promotion is the “Nil-Nil Refund” if a customer wagers the over on a soccer game and no goals are scored 0-0, over bets will be refunded in form of a free play bonus up to $250.00. There are also many other promos for casino and horse players, and bonuses for playing in the online poker room. They offer a range of different promos for all sports, at different times of year. Bettors will always have something extra to root for at BetOnline!

Security and Licensing

BetOnline is licensed and regulated in Panama City, Panama. They are in good standing with their license and employ over 300 Panamanian workers in their local offices. This is one of the top rated bookmaker across the internet and has been consistent with players since it was founded. They treat customers with respect and have always kept customer funds and information secure.

Professional vs. Recreational Bettors

The sportsbook has the best of both worlds for all kinds of bettors, they still accept $1.00 wagers online benefiting the little guys but they also have large max bets on many sports. That includes max wagers of 25,000 on NFL sides and a max wager of 15,000 on NCAA Football sides. BetOnline has the bonuses and promotions for the new recreational player to build a bankroll, but also isn’t afraid to take some big money bets.


The site offers almost a dozen deposit and withdrawal methods for players. Depending on local laws some of these methods may not be available for all customers. For example, bettors from the United States will have fewer methods available due to local laws.

International and European bettors will generally use respected e-wallets, Neteller and Moneybookers. Deposits in most cases using these methods will be instant with no fees. A processing fee of $20.00 will be charged for each payout via Neteller and Moneybookers, with each withdrawal taking 36 hours or less to process. Though international players have other options available, e-wallets such as Neteller are the fastest and most secure way to deposit and withdraw.

US bettors will not have e-wallets available to due local laws, forcing them to use other options. The most popular deposit method is VISA and American Express credit card for US players, which is probably the fastest and most secure method for deposit for Americans. Other options include, person to person transfers via Western Union or Moneygram, both methods can be funded by cash or credit card and sent to a BetOnline contact, then deposited into your account. The last option is mailing a money order or check to the company, which will then be deposited into your account. If at all possible, depositing with a credit card is the best method as it is instant and secure. Person to person transfer and money orders/checks are also decent options but could take up to a week to process. All deposit methods are free, provided the deposit is for $300.00 or more.

The most popular method of payout for US customers is check by courier, each check has a minimum payout of $500.00 and a max of $2,500. Checks arrive within 7 business days and have fees between $25.00 and $50.00 depending on delivery time. Bank wire is also a popular method; wires take up to 10 business days to process, and a $45.00 to $75.00 fee is deducted for this transaction. Person to person transfers are also available for withdrawal, with fees ranging from $34.00 to $185.00 depending on the amount.

Another method available to players from all jurisdictions is inter book transfers, transferring from one sportsbook to another. These can be sent to and from BetOnline from a selection of other online bookmakers. There can be up to a $250.00 fee for this service and the max transfer per day is $8,000. There is also a $50.00 discount to customers on any available payout method, every 30 days, on the payout method of their choice, if the payout request is made on Fridays.


BetOnline is one of the top online betting sites available to US citizens and international bettors. Though it is a young company just over 10 years old, it has made a big splash in the industry as one of the top bookmakers in the world. US players and international players alike should give this sportsbook a try.

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site summary

US Players Yes
Site founded 2001
License Panama
Bonus 50% up to $1000
Bonus Rollover 15x
Last Updated 02/10/2015
Mobile Compatible Yes

pros & cons

  • Live betting available to all players
  • Very easy to navigate site design
  • Bet between $1 and $25,000 on markets
  • Very fast deposits and withdrawals
  • Withdrawal fees can be high

payment methods

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