Tipico are an established online bookmaker, with whom most seasoned punters are familiar. They only started in 2004, but have developed a strong customer base and reputation, partnering with a number of German Bundesliga teams. Licenced out of Malta, Tipico offer sports betting, live betting, a casino and a live casino. In this article we take a look at the bookie, assessing whether the service lives up to the reputation.
The website isn’t particularly flashy, but it is well designed and easy to navigate around. A red, grey, white and black theme is utilised, and the standard bookmaker layout is adopted – a list of sports down the left hand side of the page, live matches, top events and last minute bets in the centre and the bet slip on the right hand side. Customers can narrow down the sports and markets by using a sliding time bar, and there is also a search function which can be found at the top left of the screen, allowing punters to quickly access their desired bet.
By each fixture, there are four useful icons which show what percentage of bettors have chosen; each outcome in the game, the statistics, whether the match is on TV and whether there is live betting. When selecting the statistics section, customers are greeted with a pop up, providing detailed statistics on a wide variety of sports (powered by Betradar).
The mobile app automatically loads when customers visit Tipico from their handheld device. If someone tries to access the mobile site from a restricted country, they are unable to even browse around. An identical colour scheme is used and the functionality is much the same.
The website can be viewed in English, German, Italian, French, Turkish, Croatian or Danish
Tipico price up a respectable 23 sports. Unsurprisingly the overwhelming emphasis is on football, with over 11,000 bets/markets at the time of review. Ice hockey has the second best coverage, with around 500 extra bets, with handball and basketball following as the next two most populated. In addition to football, the focus on ice hockey, handball and basketball is indicative of Tipico’s clientele, with the majority of customers predominantly hailing from central and northern Europe.
There odds for matches from an extensive number of countries – 46 to be precise. There are also odds for all of the major inter-nation club competitions such as the UEFA Champions League and Europa League, and all international competitions are covered.
Most reputable firms will offer some of the ‘amateur’ non-league action from England, but Tipico also have odds from the lower standards in Spain, Turkey and Germany, which is commendable. The English competitions delve as deep as Isthmian Football League (levels 7 & 8 on the football pyramid), and each match at this level typically has 4 additional bet types.
Several days out from the matches in the top leagues around Europe (German Bundesliga, English Premier League etc.), there were a disappointing 28 extra bet types on offer for each game. In comparison, Bet365 had 70-90 at the same time, and BetVictor 70-85.
Handball betting covers 10 countries and international competition, with each match in the top leagues usually offering around 10 extra bet types such as handicap, over/under etc. Basketball betting covers 12 countries and international competition, but Tipico only have a handful of extra bets for games in top leagues such as the NBA, which has to be considered a disappointment.
The total book percentage is determined by converting all odds in an event to percentages (100/decimal odds) and adding them together. The purpose of doing this is to determine how fair the odds are – a book with no inbuilt profit margin would equate to 100%, and therefore the closer to that figure, the smaller the profit the bookmakers are taking.
The odds for football matches do not work to extremely strict guidelines, but the top leagues generally work to 105-106%, an acceptable range which falls in line with firms such as SkyBet, Ladbrokes and Coral, but falls behind firms such as Pinnacle, Bet365, BetVictor.
Tipico are more conservative when pricing up handball games. For instance, matches in the German Bundesliga work to 109-110%. Ice hockey games in leagues such as the NHL are more generously priced, compiling to 107-108%. NBA basketball matches usually work to 108-108.5% which isn’t fantastic as there are only two outcomes on the ‘moneyline’ betting, as there can’t be a draw in basketball games due to overtime. Rugby games usually work to 110-111% which is okay, as fairly chunky margins are standard for the sport.
Tipico offer new customers a 100% bonus up to a maximum of €100 on their first deposit. Unfortunately this bonus is only available to customers residing in Germany, Austria, The Netherlands, Denmark, Sweden and Belgium.
The deposited amount and the bonus combined must be turned over 3 times on the bookie before a withdrawal can be made, with minimum odds of 1/12.00+1001.001.00-1.00for each bet. Although there are only a restricted number of countries who are eligible for the offer, it is certainly very fair, with a good initial bonus and turnover terms that are not too stringent.
It is slightly disappointing that a company of Tipico’s size do not offer telephone as a method for contacting customer services. Instead, there is an online contact form or live chat (which is not manned 24/7). This is an area where Tipico could improve.
There are a number of different payment types that customers can use to fund their accounts:
The e-wallets and prepaid cards have minimum deposits of €1, the debit and credit cards €10 and the bank transfer €25. Customers can make three withdrawals for free each week, but any additional withdrawal is subject to a €5 fee.
Tipico appear to have a large German client base, as the country is listed towards the top of the links for most sports. Unfortunately they are no longer able to accept UK customers due to the change in the regulations in 2014 which required all companies to have a UK licence if they wish to accept sign ups from residents.
The football coverage is very solid in terms of the number of matches covered, but the depth of the markets could be better (more bet types for each match). The site is slick and the payment methods are reasonable in number. The odds can only be described as okay – they are by no means terrible, but are not market leading either. The €100 sign up bonus is lucrative and not too difficult to extract, so many punters could benefit from having a Tipico account.