- Many promotions and bonuses available to new and regular players
- Low margins on popular events and overall acceptable odds
- Website available in 13 different languages
- Great selection of eSports
- No mobile apps for Android and iOS
- Still unproven operator
License holder:Rabidi N.V.
When the Powbet brand emerged in August 2021, we knew that we should keep an eye on it. And that’s exactly what we did. We’ve been testing this new and exciting brand for a couple of months now and can finally share our opinion with you.
Continue reading our detailed review and see why we think Powbet is well on its way to becoming one of the best online betting sites for many European players.
As we mentioned earlier, Powbet is a sportsbook just a few months old, run by Rabidi N.V. The operator accepts players from over 100 countries worldwide (including Canada and Australia). Still, Powbet’s primary focus is on the European and Asian markets. Its Curacao license lets players place bets with various cryptocurrencies, which is a great feature that we loved.
A short run on the market doesn’t mean that Powbet came unprepared, which is reflected in a live stream platform, available also to unregistered users. The website’s layout follows a proven industry pattern, with many available sports, huge pre-match betting offers, and solid live markets.
Thanks to the football, basketball, and even dog races virtuals, Powbet sportsbook has also become a go-to site for many eSports fans. The one downside worth mentioning right, in the beginning is the lack of Android and iOS mobile apps. So, if you prefer betting via mobile phone, you’ll have to use your mobile browser to access the site or choose some other respected betting sites, such as 22bet or 20bet.
Casino enthusiasts will be able to have fun at Powbet for hours as well. Thousands of games include slots, jackpot games, craps and dice, table games, baccarat, bingo, video poker, roulette, scratch cards, and live casino games. An impressive gaming library is powered by 63 world-class game providers, led by Evolution Gaming, Microgaming, QuickSpin, and Pragmatic Play.
Design and Navigation
When you enter Powbet’s Home page, you’ll find a well-known layout reminiscent of Fezbet, that is, in our option, a more amateur version of it. Nevertheless, the sportsbook uses a user-friendly three-column design, which makes it look professional and polished. The website is available in 13 languages, with logical navigation and a color scheme easy on the eye.
The top menu has six main sections – Sports, Live, Casino, Promotions, Tournaments, and Power Squad. You can find all the other shortcuts such as Virtual Sports, T&C, and Contact info in the hamburger menu on the upper left corner of the screen. Standard sportsbook blueprint features a menu with all the available sports and the search option on the left side of the screen and organized bet slip on the right. The central part of the screen is where the magic happens with the preview of all betting markets offered in the selected sport.
In addition to changing the preferred language, you can adjust the odds format to decimal, fractional or American, whatever suits you the best.
Powbet Registration Process (Step by Step)
Registering at Powbet is done via email and doesn’t differ from registering at any other online betting site. If you already have registered accounts with other bookmakers, this process will be familiar for you. But for those new to the world of online betting, we prepared a step-by-step tutorial on becoming a registered member of Powbet.
Step 1: When you enter the website, click the Play Now button in the upper right corner of the screen.
Step 2: Choose your bonus (Sport, Casino, Promo Code) or select an option without a bonus. Click Next step.
Step 3: Enter your general info – email and phone number. Your country and preferred currency will be prefilled. You can change it if needed but have in mind that the available currencies depend on the selected country of residence.
Step 4: Set your login credentials with a password that has to have a minimum of nine (9) characters, with one (1) upper and one (1) lower case character. Click Next step.
Step 5: Enter your details (first and last name, date of birth, gender, city, postcode, address) and confirm that you’re of legal age to gamble. Click Create an account.
Step 6: You will get an email from the bookmaker with the account verification link. Once you open the link and activate the account, you’re ready to make your first deposit and place bets.
Although this may seem like many steps, it’s very straightforward and can be done in less than five minutes.
Before making your first withdrawal, you’ll have to go through the KYC process to prove your identity, but it’s not necessary to do immediately. Unless you want to save yourself some time in the future and do it right away, which we support.
Powbet Bonuses and Promotions
Who doesn’t love a good bonus? If you visit Powbet’s Promotions page, you’ll find quite a few promotions for regular customers and a solid Welcome Bonus for both sports and casino players.
Welcome Bonus for New Customers
The welcome bonus often plays a significant role in choosing a preferred betting site. All new customers who decide to register at Powbet sportsbook can get a 100% matched bonus up to €100 (or €200 for players from Germany, Austria, Finland, Norway, and Switzerland). The minimum qualifying deposit is set to €20, so anything lower than this amount won’t get you the welcome offer.
Currently, you don’t need promo codes to get the welcome bonus, but you do need to contact customer support, which is a bit strange. We prefer when the bonus is credited automatically after the first deposit, but Powbet’s policy is quite clear here.
No bonus would be complete without the wagering requirements, which at PowBet sportsbook differ depending on the geolocation of the player. Players from Germany, Finland, Norway, Austria, and Switzerland have to wager the deposit + bonus amount five (5x) times. In contrast, customers from other countries have to do it six (6x) times within thirty (30) days.
The qualifying single ticket has to have the odds of at least 2.00, or 1.50 per selection if you decide on multi bets. As in many other online sportsbooks, deposits made with Skrill and Neteller don’t qualify for the promotion.
Since the timeframe of thirty (30) days is quite doable, we believe many players can take advantage of this welcome offer and boost their bankroll.
Although Powbet focuses more on sports, its online casino section has a lot to offer, including various bonuses and promotions. The hefty welcome bonus brings you 100% up to €500 + 200 Free Spins, and there are Weekend Reload Bonus and Cashback for both live and regular games.
On the other hand, the wagering requirements are far from great. Players need to roll over the deposit + bonus amount thirty-five (35x) times in only ten (10) days. Even if you start with only a minimum deposit of €20, it’s still €1,400 that you need to wager in just over a week.
Other Sportsbook Promotions
There are currently seven sportsbook promotions in addition to the first deposit bonus at Powbet, as well as six casino bonuses.
10% Cashback Bonus brings you back up to €500, which you can use once a week.
Accumulator Boost gives you 10% more winnings on a combo ticket with three or more selections, where each event has the odds of 1.80 or higher.
50% Weekly Reload Bonus up to €500 is credited on your first deposit made during a week. Wagering requirements say that a player has to roll over both deposit and bonus amount eight (8x) times on single bets with the minimum odds of 2.00 or multi bets with the odds of at least 1.50 per selection.
Since the bookmakers have the right to change available promotions at any time, we won’t present all the current promotions but suggest you check the sportsbook’s Promotions page to see the latest changes in this segment.
With more than 30 sports and over 30,000 events available monthly, we’re pretty sure you won’t be disappointed at what Powbet sportsbook has to offer. Players can choose between globally popular sports such as football, tennis, and basketball to cycling, darts, snooker, curling, biathlon, and other less popular sports.
There are also solid markets for eSports, pre-game, and live, so if you enjoy these types of sports, there’s always a match waiting for you to bet on or simply enjoy the live stream. Given that virtuals are becoming more and more popular by the day, we don’t doubt that Powbet will additionally expand its already impressive e-Sport selection with time.
Odds and Margins
Not excellent, not terrible. That would be a short description of odds and margins at Powbet sportsbook. We managed to find some excellent margins just above 4% in some top leagues such as Premier League and Bundesliga. Basketball markets also have excellent margins ranging from 3.5 to 5%. Still, some markets in other sports, such as handball, where margins go over 9%. The overall payout is set around 94%.
The most popular matches often have more than 250 markets, including handicaps (Asian handicaps and European handicaps), corners, cards, and player specials. As expected, football takes the lead in having the broadest offer, but you can find some gems in other categories as well.
Powbet Live Betting
Powbet sportsbook not only has a very stable live betting platform, but it provides its players with a live streaming service for additional enjoyment. Although the number of available sports and markets in the live section isn’t as significant as in the pre-match betting section, it certainly brings a new and fun dimension to the site.
Three-column design continues on the live platform as well, with minor changes made to fit the live broadcast or virtual field if the live stream isn’t available. In the center of the screen are available markets, while other live matches can be found on the left.
We noticed that live matches lack detailed statistical data, which is a common practice in the top online sportsbooks. Still, it’s not going to affect our opinion that Powbet’s live platform enables a very pleasurable betting experience with, of course, some room for improvements.
Powbet Mobile Betting
Mobile betting is definitely a segment where Powbet can make some major improvements. Here we mainly think about the Android and iOS mobile apps that are currently unavailable to the users. Every bookmaker who wants to become one of the best has to have mobile betting apps because players have high expectations.
With that said, the mobile version of the site serves its purpose very well, and it can be used as a replacement until the release of the mobile apps. Design-wise, it follows the desktop version with adjustments made for smaller screens. To start playing on mobile, enter the site’s URL in your mobile browser, and that’s it. Thanks to the HTML5 technology, you don’t need to download extra software but can start placing your bets right away.
All functionalities available to desktop users can be found on the mobile site as well, so mobile players don’t miss out on anything while playing on the go.
From credit and debit cards to e-wallets and cryptocurrencies, Powbet sportsbooks support a variety of deposit methods. Which payment and withdrawal methods will be available to you depends on your country of residence. The minimum deposit is set to €10, while the maximum amount varies depending on the selected method but can go up to €7,000.
To check what deposit methods you can use, go to your sportsbook account and click Balance History – Deposit. If you’re not yet registered but want to see what is available to you, go to the footer of the site and click See more right beside the listed payment methods. You will be able to select your country and see if any of the offered deposit methods work for you.
If we take a look at Powbet’s customer support, you’ll see that this operator tries hard to please its players and takes good care of them. The support team is available in 11 different languages, and you can contact them 24/7 via live chat or email (firstname.lastname@example.org).
You can visit the Powbet FAQ section for all the general inquiries, but since it’s pretty short and without many details, customer service is your best friend when you run into a problem. Agents are kind and professional. The only downside in our particular case is that we had to wait a bit longer to receive an answer. But all in all, nothing major to write home about.
Betting License, Safety & Security
Powbet sportsbook operates under the Curacao license and provides a safe and secure environment for the players. The website uses the latest technology and encryption standards to protect the players’ data and payment info.
Although some questioned the Curacao license in the past, we couldn’t find any unsolved complaints that would indicate that this operator mistreats the customers who decide to register on this betting site.
Conclusion & Rating
With Powbet sportsbook and casino, the sports betting and casino industry definitely got a provider striving to take its place under the sun, especially when it comes to e-Sports. As time goes, we’re excited to see what more this brand has to offer and how they will continue attracting new players.
If you’re searching for a modern, crypto-friendly operator that will award you with a lucrative bonus, we highly recommend you try Powbet and enjoy its fantastic offers!
OVERALL RATING: 77/100
Is Powbet legal betting site?
Yes, it is. Powbet is an entirely legal and fully licensed betting site. If you decide to register a new account, you should know that all of your personal and financial data will be safe. On top of that, Powbet is regularly tested by third-party companies to ensure that sportsbook is treating its customers fairly.
How to do matched betting?
Matched betting is a betting strategy of turning free bets offered by betting sites into real money. You can do this by covering all of the potential outcomes of a sporting event by placing two different bets. By doing this, you can make a profit each time because it no longer matters which team won the sporting event.
How to understand the betting odds?
There are several types of betting odds. The most popular are decimal, fractional, and American. Depending on your geo-location, your betting site will offer you betting odds preferred in that area. If you don’t understand how the betting odds work, you should read our article about the best types of betting odds.
What payment options are available at Powbet?
Knowing that Powbet is licensed by the state of Curacao, it is quite expected that they offer many payment methods. Classic, as well as modern ones such as Bitcoin and other cryptocurrencies, are available. Therefore, if you like to have a wide choice of payment methods, Powbet is an excellent option for you.
How to win football betting?
To be successful in betting on football, you need to have specific knowledge. Here we primarily mean the skills of setting reasonable wagers, as well as good money management. When you learn how to handle your money, it will be much easier to make a profit.