Betovo Sportsbook Review (October 2024)

Betovo was established in 2024 by SoftGenius N.V and has quickly developed a casino and sports betting site. The website is licensed by Curacao and safe to use in Canada.

Their website is well organized and easy to navigate with tabs clearly labeled for each section you are looking to access. There are numerous sports to bet on sorted both by league and country. Once you click on each sport there are loads of valuable information available to you including stats, league standings, and live up to the second scoring and odds changes.

Betovo sets themselves apart with the number of promotions they offer, including second and third-time deposit bonuses which is not often seen. They don’t distinguish themselves in terms of betting markets offered with limited player prop options, however, they are a new betting site looking to stay for a long time by constantly updating and adapting.

We have a complete Betovo review prepared for you here so if anything, thus far has intrigued you, keep on reading to gain a full understanding of the website and learn how to sign-up.

We want to be honest with you when reviewing this sportsbook, not just promoting its strengths, but also highlighting its weaknesses. Our goal is to give you all the information you need to know before you making the decision to sign-up. Here are the best and the worst of Betovo.

Betovo Strengths

• Well Organized Website

One thing that stands out right away when you visit Betovo is how well their website is designed. Everything is organized with clearly label tags making the sportsbook easy to navigate. There is a tab for Sports, Betovo Casino, and promotions, plus each sport is organized on the left-hand side by country. 

• Numerous Promotions

Betovo rivals the top sportsbook worldwide in terms of the number of promotions that they have to offer. They offer second and third-time deposit bonuses, weekly specials, weekday specials, and event specific promotions. Make sure to keep an eye on the promotions tab once you sign up because they are updating their offers constantly.

• Large Variety of Sports 

Not only does Betovo offer all the most popular sports including 800 plus soccer betting markets, but they also offer more niche sports including E-Sports, Surfing, and Darts. They also offer Horse Racing which is not common to all sportsbooks.

Betovo Weaknesses

• Limited Player Props and Futures

Betovo has a great sports betting market and does a lot of things right, but one of their most glaring weaknesses is the lack of player props and future. Some of the top sports have no player props at all and only the most basic futures bets, so they have a long way to go to catch the industry leaders in this category. 

• No Mobile App

You can access Betovo on your mobile devices through search engines and the site functions quite well, but having a dedicated mobile app is much more convenient, making this a clear weakness for the company.

• Large Rollover on Welcome Bonus

We talked about how many promotions Betovo has to offer, but not all of them are worth taking advantage of. With rollover requirements as high as 6 times before being able to withdraw, it is important that you read the terms and conditions before getting your hopes up on a bonus.

Betovo has done a great job for just launching this year, but they have plenty of areas to grow. They have a great website design and a solid sports betting market, but developing an app and expanding on prop bets are areas they will need to improve on if they wish to rival the top players in the industry.

Betovo Canada is licensed by the Curacao Gaming Control Board (GCB). While the sportsbook is not directly licensed in Canada, the fact that it is licensed by another governing body allows for legal sports betting by Canadians.

Is Betovo Legal in Ontario?

To operate in Ontario, sportbooks must obtain a license from the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario (iGO). Since Betovo Sportsbook has done neither of these things they are operating in a legal grey area. You can still place wagers with them, they are just an offshore brand that has not been verified by the province. It’s important to note that each province/territory has its own specific set of rules and regulations when it comes to sports betting.

A welcome package is offered to first time users that have just signed up for a sportsbook. Oftentimes you are awarded bet credits or some type of bonus after you make your first deposit on the website. The most common type of welcome bonus is a deposit match which is what Betovo is currently offering.

Betovo has a solid welcome package considering there is not just a first-time deposit bonus but also a second and third. The maximum amount for the first one is $375, $562.50 for the second, and $262.50 for the third totaling to $1200. The total amount is much larger than the average sportsbook offering but the bonus requires a 6 times rollover making it much less user-friendly than average.

Betovo Sign Up Bonus

• First time deposit – 100% deposit match up to $350
• Second time deposit – 75% deposit match up to $750
• Third time deposit – 75% deposit match up to $350

How to claim Betovo’s Welcome Bonus

• Sign up to Betovo.
• Activate the welcome bonus under the my bonuses section.
• Make an initial deposit of at least $15.
• Complete the 6x rollover requirement by placing wagers that equal the total amount of your initial deposit at odds of at least 1.59.
• You can now withdraw from your Welcome Bonus!

Betovo Welcome Bonus Terms and Conditions

• Offer is only valid to first time users making their first deposit with Betovo.
• Promotion is only valid for bets placed in the Sports or Live Sports section.
• You must deposit at least $15 to receive the promotion.
• Your bonus will be credited immediately following your deposit.
• You must play through the bonus by placing bets totaling to 6x your initial deposit before you can withdraw.
• Only the first settled bet on a given event will count towards the rollover requirements.
• Your remaining rollover requirements can be found under the My Bonuses section.
• Cashed out or voided bets will not count towards rollover requirements.
• You will have 30 days to complete the rollover requirements.
• If you attempt to withdraw before your rollover requirements are completed the bonus will be forfeited. 

It is important to understand the key features each sportsbook has to offer before you sign up. There are functions that improve your user experience and distinguish industry leaders from lower ranked betting sites. Here are the top features Betovo has to offer.

Betovo Live Betting 

Live betting has revolutionized the sports betting scene in recent years, and Betovo has done an excellent job on integrating this feature into their website. Betovo betting odds are updated by the second with live stats and scoring changes provided when you click on each individual event.

Betovo Bet Builder

Bet builder gives you the opportunity to combine multiple wagers from a single event into one – also known as a same game parlay. This means that you can bet on an individual performance such as pitcher strikeouts and combine that with a specific team to win. Both bets must be successful in order to receive a payout, but combining the two gives you better odds. 

Betovo Cash Out

Cash out is an excellent feature, and a great feeling of insurance to have when dealing with your hard-earned cash. You can back out of a bet early if you don’t feel like risking things, either guaranteeing yourself a solid profit, or cutting your losses short. 

Betovo offers 39 different sport categories to search from, and soccer leads the way with over 900 different betting markets. You can search each sport by country, and then further your search based on the specific league.

Betovo offers all the major sports in addition to some niche offering including Badminton, Field Hockey, and Water polo. Overall, the sports coverage is excellent coverage is excellent considering they offer Horse Racing and Esports betting which is not always common even with some top sportsbooks. Here is a breakdown of the most popular sports Betovo has to offer.

Soccer

Soccer betting offers the most betting opportunities come from which is no surprise considering it is the most popular sport in the world. The top league to bet on include Premier League (EPL), LaLiga, and Serie A.

American Football

The most popular sport in America, NFL betting dominates this section but there is also a huge market for NCAA, as well as CFL North of the Boarder.

Tennis

Tennis has numerous ATP and WTP events throughout the year to bet on, but the sport’s popularity largely relies on its four majors which includes Wimbledon and the US Open.

Baseball

The MLB is by far the most popular league when it comes to America’s pastime, but there are also huge markets overseas in both Japan and Korea.

Basketball

The NBA is where you will find the most betting opportunities when it comes to basketball year-round, but March Madness betting is one of the most popular sections each year, and the WNBA has gained a considerable amount of popularity over the past year.

Hockey

NHL betting is the big seller here, but hockey is extremely popular overseas with professional leagues in Sweden, Switzerland, Germany, etc. 

Betovo sponsorship deals

Betovo has sponsorship deals with Apple Porsche and Euro 2024. The website has promotions to win a Porsche and an iPhone 15, and the welcome bonus offers are sponsored by Euro 2024.

We’ve talked about the top sports to bet on, now let’s take a look at the best specific bets you can make on each individual sport. The top three betting markets are the most basic wagers you can place, but when you get into live betting and player props, the opportunities are endless.

Betovo Betting Markets:

• Moneyline

Arguably the most straight forward wager in sports betting in the moneyline. Simply put, this is a wager on who you believe will win the match with larger payouts given to underdogs than favorites.

• Point Spread

This is a variation on the moneyline where the favorite must win by a specific amount and the underdog can either win outright or lose by a specific amount.

• Totals

Also known as the over/under, odds makers designate a specific number of points for each wager, and you can bet on if the true total will be higher or lower than this number.

• Player Props

This is where things get more specific and betting opportunities feel endless. Player prop markets are different on every website, but some examples include over/under points for a specific player, or over/under strikeouts for a specific pitcher.

Betovo Types of Bets Available

• Single Bet

This is your standard wager, just betting on one event to happen such as the Toronto Blue Jays to win the game.

• Parlay Bet 

A parlay is when multiple single bets are combined into one bet in order to increase your total payout. This can be two single bets combined into one, or much more, but each individual wager must win for you to receive a payout.

• Live Bet

If you forget to get your wagers in before the game starts, no need to worry, you place wagers live as you are watching the game. Odds will update by the second based on events that are happening in real time.

• Future Bet

When a sports season ends, that doesn’t mean the end of its betting season. You can still place futures wagers on which team you believe will do well the following season. For example, once a Stanley Cup champion is crowned, you can immediately place wagers on who you believe will win next season.

Sports betting apps make everything easier with the ability to place wagers on the go. They store all your banking information and have finger scan login to easily access your account, deposit money, and place wagers within minutes.

Unfortunately, Betovo currently does not have a dedicated mobile app, however, you can still access their website through a well-designed mobile webpage. The mobile webpage is designed similarly to the computer website meaning it is user friendly and easy to navigate.

With only three steps to complete, this is one of the easier sportsbook signup process I have seen. Here is a breakdown of each step that should take no more than two minutes to complete.

Steps to open an account on Betovo

• Go to the website.
• Click on register.
• Enter your login information and choose which bonus you would like to claim.

• Enter your personal details.

• Enter your address and contact information.

• Choose your preferred payment method.

• Choose the amount you wish to deposit.

• Browse the site and place your first sports wager! 

Now that you know how to create a Betovo account, here are the different options for you to make your first-time deposit and obtain your bonus. Once you have completed the rollover requirements and are ready to withdrawal, select your preferred payment transfer option and the amount you wish to transfer to your bank.

Personally, I find Apple Pay super convenient to use since I have all my bank and credit card info saved on my iPhone. When I select apple pay to make a deposit all I need to do is scan my finger rather than manually entering in all my information. For Withdrawals, I prefer to use Interac since I am familiar with it. This function is very similar to an e-transfer you would make to your friend, transferring your money from your Betovo account to your personal bank account.

Betovo Payment Methods Breakdown

Betovo has a solid customer service system put in place to answer your questions and solve any issues that may arise. Their email service is 24/7, but if you are looking for a more immediate response the live chat option is the way to go. Their FAQ section is super useful as well if you feel like you have a commonly asked question.

For a sportsbook that just came out this year, I am very impressed with the product Betovo has put forward to its customers. The website design is excellent the number of promotions were a great surprise as well. If they wish to continue in the space for a long time and turn themselves into an industry leader, they will need to develop a mobile app and expand upon their player prop and future betting markets. Making sportsbook bonuses slightly more customer friendly would also go a long way towards developing a loyal user base.