BetPhoenix Sportsbook Review
BetPhoenix is one of the most well-known online bookmakers in the industry, having been online since 2006 and evolving in a full-service sportsbook that also has an online and live casino attached to its main web property.
BetPhoenix was founded back in 2006 and is fully licensed by Gaming Curacao to offer sports betting and other casino games as well. Although the company got itself into hot water over a multi-year period of slow-paying players, they eventually bounced back and paid off hundreds of thousands in wagers and have been on steady footing ever since.
In recent years, BetPhoenix has made a bold move and began allowing players to transact with Bitcoin. This truly revolutionary form of cryptocurrency is changing the way online sportsbooks function – and many experts say for the better. With the ability to both deposit and withdraw via Bitcoin, BetPhoenix is as versatile as their sports offerings and great lines and bet types.
Name: BetPhoenix Sportsbook
Established year: 2006
Restricted Countries: Costa Rica, UK
PROS VS. CONS
Large selection of betting markets.
Bitcoin-friendly; no fees on BTC cashouts.
Tons of betting options.
Live casino and racebook attached.
Registration takes less than 2 minutes.
High rollover on bigger bonuses.
Past history of slow-paying winners.
Software and Design
BetPhoenix.ag uses their own in-house software that powers not just their site, but also their sister sportsbook sites like BetMania.ag and BetLatina.com. They have a solid user backend and the site is very easy to navigate around. The sports betting platform itself is rather boring, but it’s very much to the point and allows for one click access to all their sports markets, as well as drop-down menus for separate leagues tied to those markets.
The registration process and the website overall are protected by 100% SSL encryption and they’ve always been in compliance with all regulatory agencies that overlook the company in general. The layout is very nice compared to some other sportsbooks and they go front and center with their promotions as far as strategic placement goes. Overall, a very nice color scheme mixed with an inviting design and betting platform make BetPhoenix.ag stand out.
Bonuses and Promotions Offered by BetPhoenix
When it comes to the bonuses and promotions offered by BetPhoenix, it is safe to say that players are spoilt for choice. Though the exact welcome bonus offered to you depends upon the time of the year, there are generally deposit bonuses ranging from matching 100%-200% of your first deposit.
Beyond this, however, there are a large quantity of bonuses geared towards those who might have had an account for some time, and aren’t necessarily new to the site. BetPhoenix makes no qualms about being a recreational sports betting site and doesn’t exactly want to attract a lot of professionals or other sharps, and a lot of their bonuses reflect upon that.
Most of the bonuses range anywhere from 10% to 20% in freeplay up to $100, with other bonuses getting a much higher amount depending on the method you use.
For those who are looking to make a Bitcoin deposit, there is a bonus specifically built for you. This bonus is a 100% matching bonus with up to the BTC equivalent of $1,000 in bonus monies available to you. This deposit, unlike many others on the site, carries a much higher 15x playthrough requirement before you can request a cashout.
As was touched upon previously, BetPhoenix does well to change up their offering so that they are not stocked with the same exact promotions all the time. This is something many sportsbooks neglect, and often presents interesting bonuses to be taken advantage of. For most of the major market events and championship series’ they will normally have some type of huge promo or bonus attached to it so always keep track of the site around those times.
Sports Markets Offered by BetPhoenix
The whole user interface on BetPhoenix is sleek and clean, so it only follows that the sports markets are neatly organized and make it very easy to find the sports and events you wish to wager upon. Having been in business since 2006, it only makes sense that BetPhoenix not only offers a large variety and quantity of sports markets, but also a large quantity and variety of propositions.
The total selection of sports markets on BetPhoenix is comprised of both the incredibly popular sports that are known and played the world over as well as those sports which might only have regional dominance, if that. To say that the selection is complete would be an understatement.
When it comes to the more popular sports such as soccer and basketball, the thing we really loved is that they do not skimp on the leagues covered. Rather than solely covering only the most popular leagues around the world, BetPhoenix covers even some of the more obscure, lesser-known leagues as well.
Bet Types and Limits
As far as the propositions offered for the sports markets covered, they include parlays, outright wagers, round robins, futures, exotics, and so much more. Included in this listing is the impressive live betting feature, which is top-notch with regard to both functionality and selection of sports.
The limits and minimums placed on wagers are interesting. According to BetPhoenix’s rules, the minimum wager that can be placed is $5. As far the maximum betting limit, this is something that varies according to sport and league. They usually don’t like attracting a lot of high limit players, but you wouldn’t know that from their betting limits.
These bet limits range from $3,000 to $10,000. Compared to most other sportsbooks, the betting limits at BetPhoenix are quite liberal. In fact, most books that I’ve reviewed for this website cap a lot of players at $500 to $1,000!
The following is a list of the sports betting markets you will find listed front and center at BetPhoenix:
- College Football
- College Basketball
- Motor Sports
Site Security and Account Creation
In this day in age, where it seems like hackers are running rampant across the web, a potential sports bettor’s primary concern has everything to do with the security of their online account. Not only the account itself, but also the information you provide BetPhoenix.
On their site, BetPhoenix makes it very clear that they use top-notch security measures to keep your information safe and secure at all times. They even welcome those seeking more information about the specifics of their security to reach out to them with questions or concerns. Having been in business for more than a decade, it is safe to say that the security of your account should be the least of your concerns.
Creating an account is something that does not require much time or effort. Apart from providing an email and some other small bits of personal information, the registration process requires little more than your clicking of an email confirmation link.
BetPhoenix Deposit Options
Deposits are able to be transacted in a few different ways, however, BetPhoenix is really pushing Bitcoin as the primary way to deposit and withdraw funds. Bitcoin is definitely the easiest, fastest, and most secure way by which you can deposit, but it is not the only method available to you.
Other deposit options at BetPhoenix include (but are not limited to):
- Person to Person
- Bank wire
Bitcoin offers the most lenient deposits on the site, featuring a minimum deposit requirement of just $50. If you want to take advantage of these 1st time BetPhoenix deposit bonuses you usually have to deposit at least $100 to $200 though.
Cashouts are normally same day and without any fees when you withdraw to your bitcoin wallet. Most other methods are also free, but it normally comes with a catch like one free withdrawal per month. However, you’ll want to check the website just in case as there are usually fees for money orders and bank wires.
Though this is becoming increasingly common, BetPhoenix impressed us in offering a mobile platform that looks and functions almost exactly like the desktop site. As far as the looks are concerned, the only thing differentiating the mobile platform from the desktop one is the size of the screen you are using. With regard to the selection of sports betting markets, this is something that is identical to the desktop site.
Live betting, which is a huge draw of BetPhoenix, is also available via the mobile platform. While you may be thinking that the BetPhoenix app is something you might download, the facts of the matter is that there is no downloadable application. Rather, BetPhoenix mobile is able to function within the browser of your smartphone or tablet.
Even better is that there are no restrictions as far as what devices you can use. Whether it be an Android, Apple, smartphone, or tablet, you are able to access BetPhoenix mobile so long as you have access to the internet. I would personally recommend to see more of the lines themselves and to make the site a bit bigger, just rotate your phone to portrait mode and you’ll really be able to make use of the extra BetPhoenix real estate.
Final Verdict for BetPhoenix Sportsbook
Overall, the BetPhoenix website is a solid sportsbook that I would recommend for new sports bettors. Despite their high betting limits, I’m always concerned with slow pays on my money – and unfortunately BetPhoenix still has a small reputation for doing just that in years past. They’ve cleaned up their operation as a whole but that’s just my opinion regarding that.
Aside from those issues, the site is very clean and attractive. They offer some solid promotions right out of the gate, especially for Bitcoin sports bettors like myself. The lines are on par with a lot of other major bookmakers and they have a good support team that’s around 24/7 if you ever have any questions or concerns on your account.