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TOTAL SCORE
BetVIP Sportsbook Review
0 out of 100

BetVIP is Closed VISIT SITE

BetVIP Review

BetVIP is a brand new sportsbook. They claim to be the first to receive their gaming license (in Curacao).

They offer fast deposits, 24 hour or less withdrawals and a deposit bonus with a rollover that is lower than most online sportsbooks. More on that in a second.

They also have excellent customer service. They respond to most posts made in the Bitcoin Talk forums. They handle complaints and critiques well, too. In one case they even waived the rest of a player’s rollover requirements (by 50 mBTC) so that they could withdraw their funds.

And if you can’t catch them in the forums, you can ship them an email at: support@BetVIP.com. I received a reply to my email in less than 1 day (and I shipped my email over the weekend).

The biggest downside is that they stopped accepting American customers. Here are a couple of (email/forum) responses that explain why:

Unfortunately we have a ban on all US IP address for legal reasons. Though some customers who get routed through US IP’s use VPN’s like Tunnelbear. – Email

We were applying an update as we have been advised by our legal counsel to block any IP address that resolves to the United States in order to prevent prosecution of anyone involved with our project under the Wire Act of 1961. A page explaining the matter will appear should you access the site from a US IP now. We are preparing to go public with a marketing and PR campaign and had to make sure all our legal affairs were in order, – Forum

That’s unfortunate. It really is. It looks like only international players will be able to participate in their 100% match bonus with an incredibly low play through requirement. Of course if one were to read between the lines, it may seem that using a VPN would enable US residents to use BetVIP, though doing so is purely at your own discretion.

COMPANY INFO

Name: BetVIP

URL: www.betvip.com

Established year: 2014

Languages: English

Wagering limits: High

Cashout times: Fast

Other crypto currencies accepted: None

VISIT SITE

PROS VS. CONS

Solid live betting platform
Very low rollover on signup bonus
Wide selection of betting markets
Fully licensed sportsbook
Mobile site could be improved
Do not accept players using US ips
Not yet proven in the industry

1 Bitcoin Deposit Bonus w/5x Rollover

BetVIP is offering a standard deposit bonus – a 100% match on your deposit up to 1 bitcoin.

What’s not standard about the offer is the 5x rollover. To put that into perspective, most Bitcoin casinos and sportsbooks have 25-50x rollovers.

All you need to do to get the offer is email them. Then bet on matches with odds of 1.5 or higher.

Sounds good, right? Well, there are some skeptics – myself included.

The thing is, a 5x rollover isn’t good for the house. You have to wonder why they’re willing to lose all that money up front. Especially considering they come from a fiat (traditional) sportsbook background. You’d think they’d know that.

Several players brought the rollover up in the Bitcoin Talk forums. BetVIP claimed it’s just apart of their marketing budget to boost awareness for their launch. Is it too good to be true? I guess we’ll have to wait and see.

TYPE
AMOUNT (%)
MATCHED AMOUNT (£)
WAGERING REQs
TYPE
Deposit Bonus
AMOUNT (%)
1 BTC
MATCHED AMOUNT (£)
100%
WAGERING REQs
5x

The BetVIP Platform

BetVIP uses BetTech Gaming software. This gives them the opportunity to offer in-play betting, casino games, poker and lottery games. BetTech uses Microgaming software too. So, by extension, BetVIP could offers hundreds of casino games if they wanted.

But for now, BetVIP is strictly a sports betting site. Here are all the sports you can bet on:

  • Soccer
  • Tennis
  • Basketball
  • American Football
  • Aussie Rules
  • Badminton
  • Baseball
  • Beach Volleyball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Golf
  • Handball
  • Hockey
  • Ice Hockey
  • Motorsports
  • Rugby
  • Snooker
  • Volleyball
  • Winter Sports

You can also bet on events like:

  • The Ryder Cup
  • English Premier League
  • Spanish La Liga
  • Champions League t20
  • Today’s Events
  • Virtual Football – This is different. It’s like betting on an uglier version of FIFA.

They have in-play betting too. When I last checked out their site, you could make bets in real time on hockey, baseball, soccer and football.

Basically, all the standard stuff you can bet on anywhere.

Note: According to this interview [1] they should have casino games added by the end of September.

GAMES OFFERED

sportbooks
Sportsbook

DEVICES SUPPORTED

Excellent Bonus – No Americans Allowed = A Good Sportsbook?

So, one question remains – should you join BetVIP?

Well, they appear to be a decent sportsbook. They’re licensed, mobile responsive and have a good selection of things to bet on. And they plan to add casino games too (I hope from Microgaming).

You could even justify signing up just for their deposit bonus (with the excellent rollover). For that reason I give them a B. If they ever decide to accept Americans, or happen to be in business a year or two from now unscathed, I could see bumping their grade up to a B+ or A-.

However, I would add one cautionary note. When a site is new in the industry, I always take the stance that they should be approached with caution. BetVIP look good to me, but the low rollover on the bonus is a small warning sign. I feel they are safe to use, but as with any online gaming site – be careful.

Sources

[1] http://bitcoinist.net/betvip-exclusive-interview/

 

SCREENSHOTS

BetVIP is Closed VISIT SITE