Bovada Sportsbook Review In 2020
Pros / Cons
- A stellar sports betting site that raises the bar continuously
- Offers great value to underdogs
- Extensive line selection
- Excellent customer support with extensive FAQs
- A minimum bet of $0.50 on some wagers
- A tad late on posting its odds
Bovada is one of the oldest and most trusted brands of online sportsbook casino betting sites which service the USA and Australia
There is a lot of confusion running wild out there regarding Bodog and Bovada’s relationship. Yes, there is a long history, but the point of the matter is that Bovada.lv is the American adaptation of Bodog.
It is owned by the Mohawk Morris Gaming Group, which is a highly reputable private company located in Mohawk Territory of Kahnawake in Canada. Bovada currently carries an A+ rating from SBR, so players are as safe as a pearl in an oyster.In this reassessment, we will be taking a hard look at Bovada’s Sportsbetting platform and how it fared the past year. Operating since 2011, sports enthusiasts will agree with us that Bovada is one of the best offshore online sportsbook for bettors from the United States.
Bovada’s streamlined mobile betting platform makes up more than 60% of its player base. Suffice to say that is an impressive feat and testimony that ‘play-on-the-go’ is the future of gaming online. The sportsbook is known for its cracking customer service, speedy withdrawal turnaround for Bitcoin, and Bitcoin Cash of up to $9,500 per transaction, and superb bonuses on deposits making Bovada a top-of-the-line sports betting site.
Bovada covers every single American sport that includes spread betting, in-game wagering, money lines, straight bet, teasers, and parlays. The bookie even makes provision for bets on European sports like cycling, rugby, darts, cricket, and E-sports. Another impressive achievement about it is that it allows bets on entertainment and politics. Furthermore, players concerned about being exploited by swindlers can place their bets in complete anonymity.
- Bovada has been a trustworthy online gambling site since 2011. Had it been a scam, it would have been out of business a long time ago.
- The team behind Bovada is highly experienced and professional.
- It’s the most trafficked online sportsbook for customers from the United States.
- Players from America can fund their accounts with Bitcoin and Bitcoin Cash. Although standard depositors can withdraw up to $9,500 per transaction, high rollers can withdraw more.
- The minimum bet is $0.50-$1 while the maximum bets range from $100 up to $5,000 on football, which makes it the perfect site for recreational, and professional bettors.
- Professional bettors receive more experienced pricing.
Bovada Deposits & Cash-Out Methods
This trusted USA online sports betting site is not known as the best bookie for nothing. Its odds are fair, payouts (be it through virtual currencies such as Bitcoin, and Bitcoin Cash) are handled within hours and other methods from 24 to 48 hours (holidays, and weekends).
There have been cases where Bitcoin withdrawals of up to $3,000 were paid out the same day. Alternative banking methods include Check by Courier, which takes 10-15 days as well as credit/debit cards. Players are entitled to one free payment every 90 days, and the costs charged for extra checks is $50.
The minimum deposit for Bitcoin and Bitcoin Cash is $10, and their maximum deposit is $5,000. For MasterCard/Visa/American Express it is $20, and $1,500 respectively.
Note, PayPal, and Visa gift cards are not offered.
How Do I Cash Out My Money At Bovada?
- The smallest amount that can be withdrawn for Bitcoin and Bitcoin Cash players is $10. The maximum withdrawal is $9,500 per transaction every 24 hours.
- The minimum withdrawal for Bank Wire is $1,500 up to $9,500 per month. High rollers can cash out as much as $15,000 per month.
- The minimum withdrawal for credit card users is $50 up to $2,500 per transaction.
Bovada allows customers to withdraw their money through Bitcoin and Check by Courier. Each Check is mailed right to your doorstep, and the maximum amount of cash that can be withdrawn via Check is $3,000. Any amount above $3,000 is paid out in installments of $3,000 every 7 days until paid in full.
Bitcoin is exceptionally popular with bettors from the United States, and for a good reason. It is safe, and payouts are handled within a few hours. It is secure, and no transaction fees are charged.
Credit/debit card payments are charged a not-so-nice fee of 4.9%.
What must I do to ensure that the withdrawal process runs smoothly?
- Make sure that you give the operator the correct email address for Bitcoin. If you opted for Check by Courier, a valid mailing address must be provided.
- If you requested a withdrawal of $2,000, make sure there is enough money in your account to cover it.
- For every Bitcoin withdrawal, you must generate a new wallet address.
- Once you have provided the standard KYC (Know Your Customer) documents such as a copy of your passport, a utility bill and a bank statement with your residential address on it, you can request a withdrawal. Bear in mind that the verification procedure can take up to 48 hours.
Bovada Deposit Bonuses
Credit/debit card depositors from the United States qualify automatically for a bonus of 50% up to $250 that can be used to bet on Sports, Casino, or the Racebook. Before any winnings gained with your bonus can be withdrawn, the rollover requirement needs to be met. For sports and racebook, the rollover is 5x. However, if you use the bonus to play at the Casino, the play-through attached to it is 30x the deposit and bonus sum.
The match bonus for Bitcoin players is also 50%. However, they receive an extra $250! Therefore, a bonus of 50% up to $500! In order to claim this fine bonus, the following code must be given: “BVSBITCOIN50”. The Bitcoin casino bonus can be claimed up to 3x (up to $1,500).
Horse Racing Rebates: You’ll get up to 5% back on all your racebook plays every Tuesday. Here’s how that works. Rebates on Losses – Up to 3% is given on straight bets, whether it’s Win, Show, or Place. Unfortunately, rebates are not given on Place and Show bets that pay $2.10, or $2.20 on bets of $2. Exotic Bets – Cashback rewards of 5% are given on exotic bets such as Boxes, Wheels, Daily Double, Exacta, Pick 3 & 4, Superfecta, Trifecta and Quinella.
For every friend / family member of yours that you refer to Bovada, you’ll receive a bonus of 200% up to $100. The play-through attached to the bonus is 5x on sports, 5x on horses, and at the Casino, the WR (wagering requirement) is 30x the deposit and bonus sum. To be eligible for the bonus, referred players must deposit and wager.
We’re the first to admit that Bovada does not offer the best ‘Juice’ in the industry, but it’s commendable nonetheless. The online sports betting site makes up for this is by having created a trustworthy and comfortable betting experience that can be used by players of varying skill.
Bovada focuses more on the day-to-day bettor. As a result, its betting lines have a few grey areas, especially when it comes to bets on the top teams. Count yourself lucky if you hit a dream line on the Cowboys; then again, you might see an extra half-point on the Titans from time to time.
It focuses on dual lines, which makes it rather difficult to get the same line on each game. For newbies, this is great, but not for your seasoned veteran. What can expert players expect? If you’re a seasoned bookie then -7 and -3 is the norm on marquee games. If it is a popular sport, casuals will see 7.5 or 3.5.
One of the caveats about Bovada is that its lines aren’t posted early. Onto the positive. They have a live betting platform with high juice and offer alternative lines and props on most of its games.
True Odds Parlay Payouts
If you want to determine the cash you have won, multiply your bet amount by the odds. If you have wagered $10 on a two-team parlay (let’s say the odds are -110 on both picks), your wins equate to $26.45 – calculated as $36.45 ($26.45 + $10). On 2 teams, the win per unit bet will be 2.645/1, on 3 teams it will be 5.958/1, on 5 teams it will be 24.359/1, and on 12 teams it will be 2342.793/1.
Winnings are determined according to “true odds.” This entails the team odds and the number of teams selected. Let’s say every pick of your parlay is a standard line. Essentially, you must bet $110 to win $100.
Bovada Rewards Program
Reward points are obtainable for all Sportsbook, Racebooks, Casio Games, and Poker play betting. Borrowing from America’s favorite sport, the theme of the loyalty program is Baseball. Levels commence with Starter; then Rookie, Pro, All-Star, Legend, and finally The Hall of Fame.
Players start earning points the minute they make their first bet. As players rise through the levels, they receive more and better rewards, such as cashback on losses, and the accumulation rate will rise accordingly. The illustration below (borrowed from Bovada’s site) effectively demonstrates the different levels and rewards.
Notice that there are Reward points and Tier points. Players earn Reward points which can be converted to cash bonuses and are updated immediately after placing a bet or once the bet is settled, while Tier points are accumulated and basically track your growth in the reward levels.
They cannot be converted to cash, although they grow at the same rate as reward points. Please be aware that Rewards points expire after 12 months of their earnings date.
Players can see their reward program level and points in the Rewards Portal, and the good news is that once players have attained a status level, it will never be lost and they can still get all the benefits attached to it.
Bovada Customer Support
Bovada offers the following customer support options in English and Spanish.
Live chat: Click the Chatbox on your screen. The response is instant, they swiftly address customer issues and are available 24/7.
Email: Use the online contact form on the site or send an email to [email protected]. Customers can expect a response within one working day or probably even faster. The contact form has various options to chose from, and that means that the guru for each department gets your query.
Phone: Customers can call 1-888-263-0000 (toll-free for U.S. customers). This option is also available all day, every day.
We are big fans of specialists as opposed to generalist skill sets. Bovada’s support staff is trained in their respective fields and thus can give excellent advice to bettors across the scope of Bovada’s services, be it sports betting, casino gambling, banking, and more.
Most sports betting operators offers a half-hearted effort in the Frequently Asked Questions section. Bovada, however, gives customers an all-encompassing list of answers which include all their sections like bonuses, bitcoin, sports, Casino, horses, and so forth. It is worth taking a trip through them upon signing up.
All in all, we also give Bovada an A+ for their customer support. The staff is competent and professionally trained. They could address all our queries in a matter of minutes and left us feeling like part of the family. Bovada boasts a 92% customer satisfaction rate, which is just wow!
Security and Trustworthiness
Bovada is mainly aimed at the American market, and there is quite an extensive list of restricted territories from where players are not allowed. Also excluded are U.S. players from states that already have legal betting licenses such as Delaware, Maryland, New Jersey, and Nevada, etc.
Bovada is probably the most recognized and trustworthy online sportsbook and casino operator in the USA due to their history with Bodog, and they have bragging rights when it comes to the fastest payouts and best client service.
Bovada runs on a Secure Socket Layer encrypted connection. This ensures that player details remain under lock and key. It is precisely the same software that banking systems use, so players never need to have doubts concerning their details being shared.
This operator offers games from reputable software gaming suppliers that run on fair gaming platforms.
A built-in Random Number Generator (RNG) is applied to all casino games which comply with industry standards. The RNG algorithms ensure that winning sequences remain unpredictable and cannot be manipulated. These are regularly tested an approved by Technical Systems Testing and other third-party auditors. Bovada addresses underage gambling and parental controls as part of a myriad of other responsible gambling issues in their terms and conditions.
Bovada is another one-stop site that brings you everything from Sportsbetting, Casino, Poker, Racebook, Live Dealer Casino to E-sports. Its Casino extends a kaleidoscope of 230 plus casino games that include slots, table games, video poker, and specialty games.
The software interface can be accessed on your mobile phone, and there is a downloadable section for desktop users too. The Live Casino offers Blackjack, Super 6, Roulette, and Baccarat. Each live game is streamed to your computer in real-time via webcam from a live studio.
The minimum table bets start at $1 to $3,000. With a proven track record and an insane amount of betting content, Bovada is the perfect site for all the die-hard bettors out there.
As a last nod of approval from us. Bovada gets more than 3 million visitors in a single month, which is about ten times more than its competitors. It has also been in the online betting and gambling industries for many years. Yes, only a rock-solid and honest operator can beat these odds!