Bet365: A Comprehensive Review (2023)

Introduction to Bet365

Bet365 is a prominent British online gambling company, widely known as bet365. It was founded in the year 2000 by Denise Coates in Stoke-on-Trent, United Kingdom. Denise developed a sports betting platform and a trading team, and the company went online in March 2001. The company is a part of Bet365 Group Ltd, with its trading name being Hillside (New Media) Ltd. Denise Coates remains the majority shareholder and joint-chief executive alongside her brother, John. As of 2021, Bet365 reported revenues of £2.8 billion with a profit of £470 million before tax. The company has offices in Manchester, Gibraltar, Malta, Bulgaria, and Australia, employing over 4,000 people.

What is a soft bookmaker and how does Bet365 operate?

A soft bookmaker, like Bet365, is a betting platform that offers odds on various events, particularly sports. Soft bookmakers often provide less competitive odds compared to sharp bookmakers but are known for offering a wider range of betting markets and promotions. Bet365 operates by offering sports betting, casino games, and other gambling services. It has a vast customer base with over 35 million users worldwide. The company has expanded its operations outside the UK to countries like the United States and Canada. Bet365’s sports betting platform was developed in-house and has evolved over time to offer live betting, streaming of events, and a plethora of betting markets across various sports.

Benefits of using Bet365

Bet365 is renowned for its extensive selection of markets and competitive odds. It offers live streaming of over 100,000 events each year, in-play betting, and a user-friendly interface. Bet365 has been recognized for its excellence, winning the “Operator of the Year” award at the eGaming Review Operator Awards and has been ranked as the number one internet gaming company multiple times. The company has a solid financial background, which is a testament to its reliability and commitment to providing quality services. Its global presence and diversification into various types of gambling services make it an attractive option for both new and experienced gamblers.

Bet365 and other soft bookmakers compared to betting exchanges and betting brokers

Bet365, as a soft bookmaker, focuses on catering to recreational bettors with a wide range of markets and promotions. In contrast, betting exchanges allow users to bet against each other rather than against the bookmaker. Betting brokers, on the other hand, are agents that allow bettors to place wagers on various bookmakers and exchanges, often catering to professional or high-staking bettors. While Bet365 offers a more user-friendly experience with bonuses and promotions, betting exchanges might have better odds as they are dictated by market demands. However, Bet365’s extensive market coverage and live streaming services often make it a preferred choice for many recreational bettors.

Safety and reliability of Bet365

Bet365 has established itself as a trustworthy and reliable online gambling company. It is licensed and regulated by the British Gambling Commission, ensuring that it adheres to strict standards of fairness and security. The company’s vast customer base and significant revenues reflect its solid reputation in the market. Moreover, its consistent recognition through awards and rankings further solidifies its standing as a safe and reliable platform for online betting.

Limitations and eligibility to use Bet365 – which countries are restricted?

Bet365, a leading online betting site, is fully legal in most countries but applies some restrictions where online betting and gaming are prohibited. The availability and offers, such as currency and bonuses, might differ depending on your location​.

United Kingdom

In the UK, Bet365 is fully licensed and you must be over 18 years old to create an account. Verification through proof of ID and address is mandatory, which can be done by sending a picture of your driving license and a bank statement or utility bill​.

Americas

In the Americas, Bet365 is legal in most countries. In Canada, it’s legal with a gambling age of 18. In the US, Bet365 operates in states like New Jersey, Colorado, Ohio, and Virginia, with plans to expand. However, it’s illegal to participate in online betting in Venezuela and French Guyana​.

Australia

In Australia, Bet365 is fully legal and also operates in surrounding countries like Indonesia, New Zealand, Samoa, Fiji Islands, French Polynesia, Papua New Guinea, New Caledonia, Vanuatu, and the Solomon Islands​.

Asia

In Asia, Bet365 operates in countries like China, Japan, and Thailand, but not in the Philippines​.

Africa

In Africa, Bet365 is available in most countries including Ghana, Nigeria, South Africa, Kenya, Ivory Coast, and Cameroon​.

Europe

In Europe, Bet365 is available in most countries including the UK, Spain, Italy, Norway, Sweden, Denmark, Germany, Hungary, but not in Belgium, France, Portugal, Poland, Czech Republic, or Russia. Bonuses might vary based on the country​.

Deposit and withdrawal methods at Bet365

Bet365 offers a variety of deposit and withdrawal methods to cater to its international user base. These methods include debit and credit cards, bank transfers, and e-wallets like Skrill, Neteller, and PayPal. Additionally, Bet365 supports a variety of currencies (EUR, NOK, GBP, USD, SEK, DKK ++), making it more convenient for users across different regions.

The minimum deposit amount generally ranges from $5 to $20, depending on the method used. When it comes to withdrawals, the minimum amount is usually around $10.

The processing time for withdrawals varies based on the method. E-wallets are usually the fastest, with funds being available within 24 hours. Debit and credit card withdrawals may take between 1 to 5 business days, while bank transfers can take 2 to 10 business days.

Please note that the availability of certain payment methods and currencies can vary depending on the country, so it is advisable to check the Bet365 website for the most current information regarding payment methods.

Conclusion

Bet365 has solidified its place as a leading online gambling company, offering an extensive range of markets, competitive odds, and a user-friendly experience. Its recognition through awards and solid financial background is a testament to its reliability and quality of service. While it caters primarily to recreational bettors, it’s an excellent choice for anyone looking for a diverse betting experience with the added benefits of promotions and live streaming services.