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In 2002, a group of Swedish businessmen, computer programmers, and sports betting professionals came together to kickstart Redbet. They spent 2 years building their reputation and went online in 2004. With their founders' combined experience in the sports betting industry, the company has since grown into a leading online sportsbook bringing customers hundreds of markets and a massive range of betting options to choose from. Though the odds are nothing special, players will generally get a fair price on most wagers.
To prove that they run a trustworthy operation, Redbet follows all market standards as they carry licenses from 2 regulators, namely the UK Gambling Commission and the Malta Gaming Authority.
To attract new customers to wager with the site, Redbet offers a 50% deposit bonus of up to €50. Players just have to complete registration, fund their account, use the sports betting bonus code, and the extra playing funds will be credited immediately.
The minimum deposit amount to trigger the bonus is €20.
Sports betting enthusiasts will be the first to say that playing can be incredibly rewarding. Redbet runs several promotions to make wagering much more enjoyable.
The bookmaker has the 0-0 Refund which offers players refunds on losing bets. If any of the matches ends at 0-0 at the end of regular time, resulting in a losing wager, Redbet will issue a 100% refund bonus of up to €20. This offer is available for a range of football leagues, including Champions League, Europa League, Premier League, La Liga, Serie A, and Bundesliga, as well as Swedish and Norwegian leagues.
The €500 Red Minute promotion involves guessing which minute the first goal of a game is made. The winning guess earns €500, which can be awarded to a single punter or divided among multiple players with the same guess. Redbet also awards €20 for wagers on minutes when other goals are made.
King of Odds gives bettors the chance to rake in huge winnings. The player that makes the winning bet with the highest odds within the month gets an additional €250 on top of their winnings.
Redbet also has combo insurance which refunds up to €30 if one selection fails for combo bets of 6 to 9 selections, or two failed selections for combo bets of 10 or more. Players can also get a refund of up to €20 for losing bets after following the betting tips on the site's blog.
VIP Loyalty Program
Redbet's sportsbook arm does not seem to have a loyalty program, but their poker arm has a VIP scheme that rewards regular players with up to 40% worth of rebates. It would be fantastic if the sports betting section can be part of this program in the future.
Advancements in technology have made it possible for people to have full computer systems fit in their hands. Combined with dynamic lifestyles, this created a demand for convenience when it comes to everything found online, including sports betting.
Redbet introduced a mobile-optimised platform not too long ago. The mobile site can be accessed using any leading smartphone or tablet as long as there's a stable Internet connection.
Cashing In / Out
Depositing funds and withdrawing winnings at Redbet is quick and easy. The site caters to a range of payment options that will reflect on a player's account almost immediately.
Deposit methods include major debit and credit cards, standard and electronic bank transfers, and e-wallets. Most of these options will process deposits within a few minutes, with the exception of standard bank transfers which can take up to 5 days, as well as Swedish electronic payments which can take up to 2 days. The minimum deposit amount is €20 with the maximum varying depending on the chosen method.
As for withdrawal options, Redbet allows payments through NETeller, Skrill, bank transfers, and VISA debit and credit cards. The minimum withdrawal amount is €20 while the maximum varies depending on the mode of payment.
Prior to making a withdrawal, players must first meet wagering requirements on any bonuses they receive from Redbet. The bookie requires that all punters roll over an active bonus 11 times before cashing out. Bonus funds are only valid 30 days from the initial deposit and will otherwise be forfeited if wagering requirements are not met.
Punters must also place bets on odds of 2.0 or higher in order for wagers to contribute towards the requirement.
Redbet players can place wagers on over 20 different sports, putting the bookie on the same level as some of the biggest and best sportsbooks in the industry. They have a huge selection of markets including basketball, hockey, tennis, and volleyball. They also cover darts, handball, and golf among many others. The bookie even has markets available for e-sports and non-sporting events.
A quick glance at their site will make it obvious that their main market is football, favouring European leagues. The live sports betting section has a wide range of football matches that reaches even less prominent leagues such as the Japanese J-League and the lower German divisions. The most interesting part of the in-play feature is that there are two different kinds of betting — Live Betting and SuperLive. The first offers the standard options. The second is for more specific options such as wagers by the minute, a goal within the first 60 seconds, and other similar options. SuperLive also gives punters the chance to wager on more markets.
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With a name like Redbet, the reason behind the site's colour scheme is pretty obvious. The graphics are mostly in grayscale with only reds to make everything pop. The rest of the layout is simple and straightforward, so players can easily find what they need when it comes to placing their bets.
As for usability, the online sportsbook supports 6 languages and 3 odds types to cater to every customer's comfort and convenience. Should there be any issues, players have a live chat support team at their disposal. Other useful information is available on the FAQ page. For other questions, punters can send an email and Redbet's customer service team will strive to provide solutions at the soonest possible time.
Redbet's sportsbook runs on proprietary software. The platform performs smoothly and is fairly straightforward, so users should have no huge issues in their gameplay.
Pros and Cons
- Great website design
- Good number of promotions
- Plenty of markets and betting options
- Wide range of football markets
- 2 types of in-play betting
- Caters to many payment options
- Most deposits and withdrawals are free of transaction fees
- Supports multiple languages and odds types
- Offers mobile betting
- Heavily favours European football leagues
- No live streaming
- High wagering requirements
- Accepts only 3 currencies
It's understandable that Redbet heavily features football markets, though the difference between those and other sports is exponentially huge. While it's great that they cater to plenty of payment methods with free transactions, limiting players to only 3 currencies can incur additional charges.
There's no question that Redbet's sportsbook is well thought out. Though largely focused on football, the site covers a huge selection of major and minor sports, as well as non-sporting events to appeal to every kind of punter.
With licenses from two highly regarded governing bodies, Redbet offers a safe and trustworthy platform that bettors can enjoy. For those looking for a great sportsbook to wager with, this site is definitely worth a try!
Bettors can place wagers wherever and whenever they want, thanks to Redbet's mobile site. It's fully optimised to work with leading devices, giving players easy access to any part of the sportsbook. Punters can place bets, check the latest updates, as well as manage their accounts, all in the palms of their hands.
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