BankonBet Review

If you’re the type of sports bettor that seeks variety, then BankonBet needs to be on your radar. They offer a ton of sports, a ton of promotions, and a ton of ways to fund your betting account. Plus, they have one of the cleanest, easiest to use designs in the online gambling industry.

From registration to placing your first bet, the entire BankonBet experience is clearly designed with the user in mind. Of course, that doesn’t mean they’re perfect. While there’s a lot to like about BankonBet Sportsbook, we’re committed to providing you with an honest review backed by real data and real user insights. Ready to uncover the truth behind BankonBet? Let’s get into it!

I uncovered a lot of things I liked and disliked in my BankonBet review. Before I dive into the details, here’s a quick overview of some of the platforms’ greatest strengths and areas for improvement.

BankonBet Pros

• Extensive Sports Coverage - BankonBet has just about everything you could possibly bet on. Basketball, football, cricket, handball, squash, alpine skiing; you name it, they have it. This includes a specials section with major music, political and awards events.
• Wide Selection of Promotions - Even after you’ve claimed the BankonBet welcome bonus, you’ll find a lot of other ways to maximize your bets. As a registered member, you’ll be able to claim regular free bet promotions, cashback offers, reload bonuses, parlay boosts, boosted odds, and much more.
• Variety of Efficient Banking Options - It’s one thing to offer variety when it comes to banking but it’s another to focus on efficiency. Online banking, bank transfers, e-wallets, prepaid solutions, and credit/debit cards are all available at BankonBet. Moreover, they prioritize popular choices like Interac, Skrill, Muchbetter, and Jeton, which are known to offer fast payouts.

BankonBet Cons

• No Mobile App - Most online sportsbooks in Canada have developed dedicated betting apps. The fact that BankonBet does not have one puts them well behind top competitors and could seriously deter bettors (like myself) who make the majority of their bets using their phone.
• Limited Sports Betting Features - Currently, BankonBet only provides live betting, cash out and bet builder tools. While these are all great, they don’t have anything that separates them in what is already a very competitive industry. They need to add live streaming and get creative with unique features bettors can’t find anywhere else, such as 888Sport’s “BetFeed” or Betway’s “Betway Boosts”.
• No Ontario License – The Autonomous Island of Anjouan is a legit gaming authority, but I know a lot of Canadians who would feel much safer using BankonBet if they obtained an Ontario license. They are a lesser known brand in Canada at the moment, so acquiring a local, well-respected AGCO license would go a long way.

The biggest trend here is variety. You have a seemingly endless number of BankonBet promotions, sports, and payment methods to choose from. However, the market is constantly evolving, and to compete with the heavy hitters in sports betting, they will need to create a mobile app and obtain an Ontario betting license. If they can craft a few unique and creative betting features outside of the generic ones they already offer, that would really give them an edge as well.

As a Canadian bettor, I know how crucial it is to use a site that’s both legal and secure. BankonBet is owned by the reputable Stellar Ltd and operates under a license from the Autonomous Island of Anjouan in Comoros. While this isn’t a domestic license, Canadian law permits offshore betting sites as long as they meet security standards. I’ve found that BankonBet makes it easy to deposit and bet confidently, knowing your money and data are well protected.

Is BankonBet Legal in Ontario?

Canadian law allows offshore sportsbooks to operate for players here, but this is not true for betting sites in Ontario. All Ontario sportsbooks must have a license from the Alcohol and Gaming Commission and iGaming Ontario. BankonBet Sportsbook doesn’t have an Ontario license so it’s unfortunately not available to Ontario bettors.

The BankonBet welcome bonus is a great way to kickstart things. When you sign up, you can grab a 100% match bonus up to $150. It’s a very straightforward offer but I really love that because it gives your initial deposit a nice boost without any fuss. The 6x wagering requirement is fair and achievable, even if it isn’t the flashiest offer on the market.

BankonBet Sign Up Bonus

How to Claim Your BankonBet Welcome Bonus

1. Register on BankonBet.
2. Deposit at least $30.
3. Complete the 6x wagering requirement on single bets (odds ≥ 2.0) or multi bets (odds ≥ 1.5 for each leg).
4. Enjoy your BankonBet bonus funds and start placing your bets!
5. The BankonBet sign up bonus will be automatically applied after completing the wagering requirement.

A sports betting feature is a tool built into the platform that helps you place, manage, and optimize your bets. It gives you extra options to customize your wagers and secure wins. In my experience, knowing these features can help you hedge bets or boost your winnings. Use them to take control of your betting and make smarter decisions.

Here’s what I love about BankonBet Sportsbook’s features:

Cash Out

One of the best tools for managing risk. If a bet is looking good but I don’t want to sweat out the final minutes, I can cash out early and lock in my winnings. On the flip side, if things aren’t going my way, cashing out helps cut my losses before they get worse. The feature is available on most major sports, and in my experience, the cash-out values update quickly based on live odds.

Bet Builder

I love getting creative with my bets, and the Bet Builder feature lets me do just that. Instead of placing separate wagers, I can combine multiple picks—like a player to score, total points, and a team to win—all into one bet. This adds flexibility and allows me to build a bet that matches my personal game analysis. It’s perfect when I have a strong read on a matchup and want to maximize my payout.

Live Betting

Few things match the thrill of live betting. I can jump in on action mid-game, react to momentum shifts, and find value as BankonBet betting odds adjust in real time. Maybe I want to bet on a comeback or capitalize on a team dominating early, but regardless, live betting gives me the chance to make smarter, more informed plays. BankonBet’s intuitive interface makes it easy to follow the odds and place bets without missing a beat as well.

I’ve found that BankonBet Sportsbook not only covers your favourite sports but even throws in some surprises. In total, I counted well over 30 different sports (in fact, it’s probably closer to 40). But the best part is their sportsbook isn’t just about the big names; it’s got a broad range of options. This includes global giants like the NBA, NFL, NCAA, NHL, and MLB to niche events like NLL Lacrosse, international Curling, Russian Bandy and even Meistriliiga Volleyball in Estonia.

Compared to other bookmakers, I would say that BankonBet is well above average. They offer an incredibly competitive and comprehensive sports lineup that rivals any other site in Canada. That said, they do have a few favourites that receive special coverage.

• Soccer - At BankonBet, soccer betting gets top billing. We can bet on major leagues such as the Premier League, La Liga, and Serie A, plus international tournaments like the UEFA Champions League. With markets ranging from match winners and handicaps to over/under and player props, it really fuels my passion for the beautiful game.
• Hockey - Hockey is another staple here. The platform offers betting on NHL, KHL, and more, offering bets like moneyline, totals, and live betting. As a passionate Canadian hockey fan, I love the detailed markets and fast-paced action that keep me on the edge of my seat almost year-round.
• Basketball - Basketball is also very well-represented with coverage of the NBA, Euroleague, and NCAA tournaments. I really enjoy the variety of NBA betting options, in particular, with everything from moneyline and totals to unique player props and specials. The selection makes every game exciting and gives me plenty of ways to win.
• Football (NFL/CFL) - American football draws a lot of attention at BankonBet Sportsbook. They offer comprehensive markets on the NFL, CFL, and the NCAA, including moneyline, spread bets, totals, and live betting. For those of us who follow football closely, the competitive odds and diverse options are a real bonus.
• Tennis - Tennis betting is another strong suit here. With coverage spanning Grand Slam events, ATP, and WTA tournaments, we can wager on match winners, set bets, and enjoy live betting action. The frequent matches and strategic bet types make tennis both challenging and fun.
• Esports - For the tech-savvy, BankonBet offers esports betting on popular titles like CS:GO, League of Legends, and Dota 2. They provide various markets—from match winners to map bets and live odds—making esports a fresh and exciting option that appeals to gamers and sports fans alike.

After you’ve seen all the sports BankonBet Canada covers, it’s time to look at the betting markets and types of bets they offer. From my own experience, their options are diverse enough to suit every bettor. These varied options let you tailor your strategy, regardless of whether you’re after a simple win or looking to build a complex bet for bigger returns. Here’s a quick rundown:

BankonBet Betting Markets

• Match Result (Moneyline) - With moneyline betting, all you need to do is pick the outright winner. It’s simple, quick, and perfect for those who like straightforward betting.
• Point Spread/Handicap - Level the playing field by giving one team a virtual head start. Great for basketball, football, and hockey, which has the puck line instead; hockey’s version of handicap betting.
• Totals (Over/Under) - Bet on the total points or goals scored. The Over/Under market is ideal if you enjoy analyzing scoring trends.
• Futures - Wager on long-term outcomes like championship winners. This option is perfect if you like to think ahead and make predictions.
• Prop Bets - Focus on specific events—first goal, player stats, and more. These add a creative twist to your betting.

BankonBet Types of Bets Available

• Singles - A straightforward bet on one outcome, whether that be the moneyline, point spread, or any other single bet. These are the bread and butter for quick wins.
• Accumulators (Parlays) - Combine multiple bets into one for a bigger payout. Just remember: every selection must hit with a parlay bet.
• Live Bets - Place bets in real-time as the action unfolds, giving you the flexibility to adjust on the fly.
• System Bets - Cover various combinations from a set of selections. This helps lower your risk while still offering high rewards.

When you're on the go, BankonBet's mobile site really impresses. While there isn’t a dedicated BankonBet app just yet, I found that the mobile-optimized site delivers all the features you need without any fuss.

Simply open your browser - Chrome, Safari, whatever you prefer - log in, and you're set to bet. The layout adjusts perfectly to your screen, making it easy to navigate through live betting, deposit options, and betting bonuses. Personally, I’ve found that finding your sport and placing bets is just as straightforward as on desktop.

Most platforms nowadays offer sports betting apps, so BankonBet not having a standalone app certainly puts them at a disadvantage. Even still, I think the full functionality of the mobile site makes up for it, to a certain degree.

Even though BankonBet is famous for its sportsbook, the BankonBet Casino is pretty solid too. I found the casino section to be well-rounded with a modern, intuitive design that makes navigation super easy. You'll discover a huge variety of slots (over 4500, in fact), from classic three-reel machines and video slots to progressive jackpots and Megaways games—all from top providers like Pragmatic Play, Hacksaw, Microgaming and more than 70 others.

Plus, with such a wide selection of renowned game providers, BankonBet Casino also offers more than 250 variations of popular table games like blackjack, roulette, baccarat, and poker. However, the live dealer area is where I found the real excitement to be. Here, you’ll find HD streaming, professional dealers, and some of the industry’s biggest titles, such as XXXtreme Lightning Roulette, Speed Blackjack, Baruto Baccarat, Lightning Sic Bo and the iconic MOLOPOLY Live game show.

Much like the rest of my BankonBet experience, opening an account felt like it was done with the user in mind. It consists of a very straightforward two-page registration form that asks only for the essentials. All you need is to provide your email, password, full name, date of birth and physical address. They also ask if you would like to claim your BankonBet welcome bonus before you enter any details, which I really liked as not every sportsbook does this.

All in all, the entire process shouldn’t take you more than a few minutes. Just keep in mind that after creating your account, you will need to verify it before you can withdraw any winnings. This simply involves sending in a photo of your ID (ID card, driver’s license, passport, etc.) and a proof of address (utility bill, bank statement, government letter, etc.). Once your info is verified, you can start betting.

Steps to open an account on BankonBet

1. Visit the Website - Open the BankonBet Canada homepage on your browser.
   
   
   
   
2. Claim Your Sign Up Bonus - Before you fill out anything, choose which BankonBet bonus you want to claim.
   
   
   
   
3. Click “Register” - Hit the register button in the top right corner of the screen.
   
   
   
   
4. Fill in the Form - Complete the two-page form with your full name, email, date of birth, physical address and create a password.
   
   
   
   
5. Verify Your Account - Check your email for a confirmation link to verify your account.
   
   
   
   
   

Once you’ve set up your BankonBet Sportsbook account, the next step is to fund it and later cash out your winnings. From what I’ve found, the entire experience is straightforward and secure. However, what truly blew me away was the sheer number of options you have available to fund your account.

Similar to their sports coverage, you’re honestly spoilt for choice when it comes to BankonBet banking options. They offer the standard choices that you’d expect ( Mastercard, Interac), but they really separate themselves with their selection of e-wallets. For deposits, you can use Skrill, Neteller, Jeton, MiFinity and even FunID, which is not commonly accepted.

That’s not all though. BankonBet goes above and beyond by also accepting popular prepaid options like Paysafecard and Neosurf.

Their selection of withdrawal options is definitely smaller, but they still provide all of the most efficient options (Interac, Skrill, MiFinity, Jeton, and bank transfer). Another positive is that processing times are within 1-3 business days and BankonBet does not charge any fees.

Below is a summary table for a quick reference:

The final piece of criteria I wanted to look at in my BankonBet review is customer service; the backbone of any successful online sportsbook.

I was happy to see that BankonBet’s customer support is available 24/7, and in my experience, it's pretty solid. When I had a question, I used the live chat and got answers in just a few minutes—a real lifesaver when you need help fast. There’s no phone support, but the email option works fine if you can wait a bit. The real highlight though was their FAQ section, which provides dozens of detailed answers to questions I myself genuinely had.

Overall, my experience with BankonBet Sportsbook has been pretty positive. If you’re a sports bettor who loves variety, BankonBet offers over 30 sports markets, loads of promotions, and a modern, easy-to-use design that makes placing bets a breeze. I particularly enjoyed the efficient banking options, especially Skrill and Interac, which speed up deposits and withdrawals. Even though there isn’t a dedicated BankonBet app at the moment, and the sportsbook could use a few more unique features (plus, the lack of an Ontario license), it does a lot of crucial things right and provides more than enough value and variety to accommodate most gamblers..

In short, BankonBet is a solid choice for Canadians who value a wide range of betting options and user-friendly navigation, but it’s worth keeping an eye on their future improvements.