MyBookie Review – The Perfect Sports Betting Site for Recreational Gamblers?

With the promise of fast and easy payouts, as well as an incredible collection of bonus offers to attract new members, bettors are now turning their attention to MyBookie.

The question, of course, is whether this relatively new betting site has what it takes to compete with the leading sportsbooks that have been around for almost two decades now.

If you’re new here to WagerBop, this is where we break down everything you need to know about sports betting sites.

Today, we’re going to share our experience of MyBookie so that you can decide whether this is the site for you.

Here’s what you need to know about MyBookie:

• Reputation and History
• Betting Markets
• Betting Odds and Limits
• Deposit Methods
• Withdrawal Methods
• Promotions and Bonuses
• Website Design and Navigability
• Safety, Security, and Reliability
• Customer Support
• Conclusion

MyBookie’s Reputation and History

MyBookie hasn’t been around for long but has already made a strong impact on the offshore betting scene—especially for players in North America.

By heavily promoting their brand via affiliate advertising on podcasts, radio shows, YouTube, and blogs, MyBookie has already gained plenty of attention. Unfortunately for MyBookie, that’s been a two-way street of both positive and negative sentiments.

A quick search on Google and sites like Reddit and Twitter will return concerning reports from players who claim that MyBookie is holding their money hostage and/or making it difficult for them to withdraw the funds. If you are to take these claims at face value, it’s certainly discouraging and likely enough to see you refrain from ever depositing funds into a MyBookie account.

But here’s why it’s important to remember that not all of these comments are authentic.

The vast majority of these reports are from the loud minority of players who failed to look through the terms and conditions of MyBookie’s bonuses. Perhaps these users did not realize that accounts who accept a bonus at MyBookie (and other sportsbooks) are then required to roll over all funds an agreed number of times before ever being eligible to withdraw.

These players are understandably frustrated, but the terms and conditions are clearly specified on every single page at MyBookie.

It’s always going to be right to consider older sites as more reputable because of their proven track record. And in that case, it’s extremely difficult to match the authority and reputation of sites that have been around for nearly two decades, no matter how hard MyBookie tries.

For now, however, all you need to know is that MyBookie is a legitimate, reputable site that has made a strong effort to position itself as a very respectable player in this industry.

MyBookie’s Betting Markets

MyBookie’s range of betting markets and options is so vast that it should be the go-to destination for any prospective bettor who has ever wondered ‘I wonder if you can bet on that?’

One of the foremost selling points on MyBookie’s About Us page states “MyBookie also prides itself on providing a creative, always-expanding selection of sports odds for players at all levels,” and that’s a promise that this sportsbook definitely fulfills.

From all of the betting options that you’ve come to expect on major professional sports such as football, baseball, basketball, and soccer, all the way through to niche categories like pinball and entertainment, BetOnline has every base covered.

Seriously.

Major sports markets

• Baseball – MLB, Int.
• Basketball – NBA, NCAA, Int.
• Football – NFL, NCAA, CFL
• Soccer – EPL, La Liga, Serie A, Bundesliga, UEFA CL, MLS, and more
• Hockey – NHL, Int.
• Tennis – US Open, ATP, WTA, and more

These days if a bookmaker doesn’t have an extensive range of betting options available for the sports above, it’s hard to imagine that they’re serious about delivering what sports fans are genuinely seeking.

Any decent sportsbook should have straight betting markets, futures, and props for all of the above sports as well as the option to bet on other popular sports from around the world.

MyBookie’s Betting Lines section in the left sidebar also hosts all of the sports below:

More sports

• Australian Rules
• Boxing
• Cricket
• Cycling
• Golf
• MMA
• Motor Sports
• Rugby

It’s typical for the average sportsbook to release generic betting options for each of these sports. In most cases, you won’t find anything besides the ability to bet on the winner.

One of MyBookie’s greatest strengths is their range of betting options and this continues all the way through these less popular sports. Here you’ll find a surprisingly comprehensive selection of props and futures for sports that you may not find elsewhere.

As an example, many sports bookmakers that are available to players from North America do not release extra MMA markets besides ‘to win’ and ‘total rounds.’

At MyBookie, however, you can bet on the method of victory as well as which round will the fight end.

It’s not the most extensive range of sports that we’ve ever seen, but MyBookie comes in at second-best from all of the offshore books that we’ve reviewed so far:

• BetOnline: 19 sports
• MyBookie: 14 sports
• BetDSI: 10 sports
• YouWager: 7 sports

But despite ranking second for the total number of sports, MyBookie begins to jumps ahead of the pack when we start to consider non-sports betting options, as well.

MyBookie provides punters with the ability to wager their money on new and exciting markets including esports, entertainment, wrestling (WWE), politics, and more.

MyBookie blows the rest of the competition away when it comes to weird and wacky betting options. Here are some of the categories that we found after the list of sports:

Other betting options

• Entertainment
• Esports
• Horse Racing
• Pinball
• Religion
• Special Wagers
• US Politics
• Wrestling (WWE)

Unlike some of the other major sportsbooks out there such as BetOnline, who have their own dedicated area for bets on gaming, MyBookie’s esports section ties seamlessly into the sportsbook area of the site. At the time of our review, MyBookie had odds up for popular titles including Counter-Strike: Global Offensive, Hearthstone, League of Legends, and Overwatch.

The entertainment, politics, special wagers, and wrestling sections were fascinating. We’ve yet to encounter a bookmaker that even comes close to the number of bizarre betting options that are available here at MyBookie.

For a taste of what you’ll find by navigating the depths of these typically uncharted territories, see below:

MyBookie promises that “If there’s a type of bet that MyBookie doesn’t currently accept, just ask. MyBookie will add it.”

And with what we’ve seen from our time browsing the site, we don’t doubt them whatsoever.

MyBookie’s Betting Odds and Limits

Let’s get one thing out of the way: MyBookie is not a sports betting destination for professional gamblers.

MyBookie’s terms and conditions include the right to class winnings as illegitimate and terminate accounts if a player shows signs of “wise guy action, syndicate players, sharp side movers or players betting only proposition bets.”

MyBookie restricts professional gamblers

The entire site has seemingly been created with the recreational gambler in mind.

A recent study by WagerBop identified that the margins on spreads and moneyline options at MyBookie were the highest in the industry. With MyBookie technically charging more per bet than other competitors, that results in less money in the pocket of winners.

That’s more than enough to turn the professional gamblers away, and it’s not enough of an issue that the occasional gambler will take their action elsewhere.

Let’s take a look at the findings:

Average margin on NFL games (2019):

• BetOnline – 4.71%
• BetDSI – 4.75%
• YouWager – 4.77%
• MyBookie – 4.77%

With classic -110 vs. -110 lines across the board for upcoming football games, MyBookie rates as the equal-worst betting site of the four sportsbooks that we have reviewed so far.

Margin on UFC 241 – Daniel Cormier vs. Stipe Miocic II:

• YouWager – 3.62%
• BetOnline – 3.76%
• BetDSI – 4.73%
• MyBookie – 5.68%

In this example, MyBookie not only rates as the worst-performing sportsbook of the four reviewed sites but their margin is almost two percent higher than what you can find at YouWager or BetOnline.

With high margins across the board, MyBookie isn’t our recommendation to bettors who are looking to place a high number of bets monthly.

And even if you were interested in placing the occasional prop bet here or there that you couldn’t find at other sites, then that’s not even an option considering the strict terms and conditions that classify you as a “professional gambler” and leaves your account vulnerable to suspension.

Another reason why professional gamblers will be turned away from MyBookie is that the betting limits are very low—even for major sports.

The maximum wager amount is $2,000 for regular sports and $250 for props and futures. Competitors such as BetOnline allow users to place bets up to $25,000.

To again highlight that MyBookie is only a great choice for recreational gamblers, the average bettor who wants to place $10-20 bets on football and basketball isn’t going to be discouraged by the high margins and low limits and MyBookie.

In some ways, those recreational bettors may even be better off here than elsewhere considering that those higher costs have translated into bigger and better bonuses, a fast and well-designed website, and great customer support.

MyBookie’s Deposit Methods

Getting your money in and out of a sportsbook quickly and securely is of paramount importance; all the talk of betting markets, odds, and limits becomes meaningless if a sportsbook doesn’t have the right banking options ready for use.

MyBookie has all of the most popular banking options ready and available for players. However, outside of the preferred banking methods, there’s not a lot else.

Before explaining each of these options in more detail below, here’s a quick comparison of the deposit options that are available at MyBookie:

• Bitcoin – (Min. $45 – Max. $10,000)
• Mastercard – (Min. $45 – Max. $2,500)
• Visa – (Min. $45 – Max. $2,500)
• Automated Clearing House – (Min. $45 – Max. $2,500)
• Person-to-Person (Min. $100 – Max. $500)

Bitcoin

Bitcoin is quickly becoming the most popular, trusted, and convenient option for bettors in North America. MyBookie themselves note that “Bitcoin is the fastest and easiest way to transfer funds in and out of your MyBookie account.”

With higher deposit limits ($10,000), no fees when depositing, and funds being displayed in your account in less than 30 minutes from the time of the transaction, Bitcoin initially stands out as the preferred choice when funding your MyBookie account.

Interestingly, the MyBookie FAQ page also listed Bitcoin Cash and Litecoin as potential deposit options but these were not available and/or visible on their deposit page at the time of our review. We recommend contacting customer support to learn more about alternative cryptocurrency options.

Credit, debit, or prepaid card

If the world of cryptocurrency isn’t your preferred way of handling funds, chances are that you’re likely going to want to stick with traditional options such as credit, debit, or prepaid card deposits.

Like other sites, you’re going to need to provide personal information to MyBookie if you choose to deposit via card.

At the bare minimum, MyBookie will request a government-issued photo ID and photocopies of the front and back of your card. This is standard practice in the industry, so it’s not a criticism of how MyBookie handles deposits—it’s just another reason to consider funding your account with cryptocurrency instead.

But there is one red flag that we discovered only after reading through all of the terms and conditions.

MyBookie requests that users who deposit the maximum amount allowed for credit, debit, and prepaid cards “must split your initial risk into at least two relatively equal bets on separate events.”

So, if the average Joe who wasn’t smart enough to read our review here at WagerBop before proceeding to bet with MyBookie wagered his total $2,500 debit card deposit on one selection, MyBookie has the right to void the wager and return the deposit because they deem that behavior as “non-recreational.”

And if you want a safe bet, you can guarantee that MyBookie would only enforce this rule when they’re being fleeced. Pay close attention to the details when depositing funds into any bookmaker.

MyBookie’s Withdrawal Methods

MyBookie promises “the fastest payouts” in the industry today. While that’s a good indication that the site might be serious about paying you quickly, we put that to the test.

Users can withdraw their funds from MyBookie using one of only three methods. Of all the sportsbooks that we’ve reviewed, MyBookie has the least number of ways to withdraw funds.

If you’re merely interested in depositing and withdrawing via Bitcoin, you’re not going to run into any problems. However, if you’re interested in banking with e-wallets such as Skrill or Neteller, for example, you’re going to be better off creating an account with an alternative sportsbook.

Here are the three ways to withdraw funds at MyBookie:

• Bitcoin (Min. $25 – Max. $5,000)
• E-Check (Min. $50 – Max. $3,000)
• Bank Wire Transfer (Min. $500 – Max. $5,000)

MyBookie processes payouts Monday to Friday from 8 am to 2 pm ET. They ask to allow for up to two business days to process payout requests. Once the withdrawal has been approved, the funds will land in your account from anywhere between a few hours (if using Bitcoin) to a couple of days (e-check or bank wire transfer).

Remember, if you deposited via credit card, debit card, or prepaid card, you’re going to need to verify your account by emailing a copy of your photo ID and copies of the front and back of each card used. MyBookie’s terms and conditions also state that all users must complete an SMS verification process before withdrawing funds.

If you participated in a bonus or promotional offer when creating your account, payouts cannot be initiated until you have met the rollover requirements associated with the bonus. We’ll discuss these bonuses and rollovers in more detail later in the article.

Bitcoin

MyBookie promises a 24-hour delivery time on all Bitcoin payouts and the site charges no fees for withdrawals.

That makes withdrawing funds via Bitcoin the fastest and most cost-effective way of executing a payout at MyBookie.

E-check

E-check payouts are considerably slower than withdrawing via Bitcoin and the fees are quite hefty. Despite the limitations, e-check is still a popular choice for some players in the United States.

Here’s how much an e-check payout will cost you at MyBookie:

• $50-200 ($5 fee)
• $201-750 ($15 fee)
• $751-2000 ($40 fee)
• $2001-3000 ($100 fee)

E-check payouts take approximately five to seven days to end up in your bank account following approval from MyBookie.

Bank Wire Transfer

Unlike e-checks, bank wire transfers are available to international players, and not just restricted to the United States.

That means if you’re not based in the United States and don’t want to withdraw your funds using Bitcoin, the only remaining payout option is bank wire transfer. Unfortunately, you’ll be hit with some large fees for withdrawing via this method.

Here’s what every bank wire transfer costs you at MyBookie:

• $500-1999 ($75 fee)
• $2000-4000 ($125 fee)
• $4001-5000 ($160 fee)

Just like e-checks, bank wire transfers also take between five and seven days following payout approval from MyBookie.

MyBookie’s Promotions and Bonuses

MyBookie claims to have the “biggest and best bonuses of any sportsbook,” as well as the “lowest rollover requirements in the game.”

If you’re wondering whether that’s hyperbole or if MyBookie are spitting out facts, then you’re in the right place.

We scoured through all of the available bonuses so you can get a complete understanding of what to expect:

100% First Deposit Bonus up to $1,000

MyBookie’s most attractive offer for new members is a 100% first deposit bonus up to $1,000.

• Valid on all first deposits
• Minimum deposit – $45
• Maximum bonus  – $1,000
• 10x rollover requirement

The first deposit bonus is a feature at nearly every sportsbook available to players from the United States and elsewhere around the world today.

In this case, MyBookie will credit your sportsbook account with a bonus matching the value of your first deposit.

All deposits of $45 or more are eligible simply by using the promotion code listed on MyBookie’s bonuses page when making your first deposit. Before withdrawing the funds from your account, however, you will need to meet the 10x rollover requirement.

And this is where things typically start to get funky.

A rollover requirement essentially means that a user who participates in any bonus must wager the specified amount before ever withdrawing their funds.

For example, if you deposit $200 into your account and enter the associated promo code for the 100% First Deposit Bonus, you’ll also receive $200 in bonus funds.

At MyBookie, the 10x rollover requirement applies to the $200 deposit and the $200 bonus funds, meaning that any player who deposited $200 and entered the bonus promo code is now required to wager a total of $4,000 before requesting a payout.

Crazy, right?

All of this starts to become even more confusing when you realize that every site calculates rollover differently. While the MyBookie way of measuring rollover is relatively straightforward, other sites employ sneaky tricks to make sure you never get your bonus funds.

For example, BetOnline only considers the lower of the risk/reward value of your wagers: a $100 bet to win $25 results in only $25 being counted towards the rollover requirement. That makes hitting BetOnline’s 14x rollover requirement considerably more difficult than MyBookie’s.

At BetDSI, another popular sportsbook, players are expected to meet a 20x rollover requirement before ever requesting their funds. To make matters worse, BetDSI takes the initial deposit amount, the bonus amount, and also the amount won from the bonus bet into consideration when calculating the rollover requirement.

We’re covering rollover requirements in detail because it’s the best way to showcase just how fair and reasonable MyBookie’s promotions are in comparison to other sites. T

Take a look below at how MyBookie’s first-deposit offer stacks up against the competition:

• MyBookie: 100% first-deposit bonus (10x rollover requirement)
• BetDSI: 100% new member bonus offer (20x rollover requirement)
• BetOnline: 100% first-time crypto bonus (14x rollover requirement)
• YouWager: 50% free play bonus (10x rollover requirement)

$20 Risk-Free Sports Bet

If you’re not interested in locking your account behind the bars of a 10x rollover requirement, then the $20 risk-free sports bet may be more suitable.

• Valid on the first real-money straight wager
• Minimum bet – $20
• Maximum refund – $20
• 5x rollover requirement

This promotion is about as simple as it gets. If you lose your first bet at MyBookie, you can contact the MyBookie support team and request a refund. That refund will be credited to your sportsbook free play balance.

We confirmed with the MyBookie customer support team that the 5x rollover requirement applies only to the $20 bonus amount, meaning that you’ll need to wager $100 in total before making your next withdrawal.

Despite the low reward, this bonus is one of the most straightforward and achievable we’ve seen from a sportsbook that accepts players from the US. The only potential danger is for the player who deposits the minimum amount of $45 into their account and then accepts the $100 rollover requirement that is attached to this bonus.

25% Sports Reload Bonus up to $500

MyBookie’s loyalty bonus is another great way to increase potential earnings.

• Not valid on first deposits
• Minimum deposit – $45
• Maximum bonus  – $500
• 5x rollover requirement

Already cashed your first deposit bonus and you still want more from MyBookie?

By entering the promo code in the cashier, players will then receive a reload bonus at the value of 25% of the deposit. With a rollover requirement of just five for this reload bonus, it’s much easier to achieve.

Here’s an example of MyBookie’s reload bonus in action:

Make a second deposit at MyBookie to the value of $200 and receive a $50 bonus by applying the promo code in the cashier. Players are then required to meet the 5x rollover requirement on the total of $250, meaning that a total of $1,250 in bets must be made before requesting the next payout.

The three bonuses listed above⁠ are certainly worth your time if you don’t mind attempting to meet the relatively achievable rollover requirements. That’s a lot more than we can say about other competitors in the industry.

MyBookie’s Website Design and Navigability

In the world of slow-loading, ugly, and utterly confusing sports betting websites, MyBookie’s website design stands out from the pack.

While the modern color scheme and neat design deserve some praise, the palette of choice isn’t a make-or-break factor for any bettor. Instead, we’re looking for speed and convenience above all. A top betting site should be easy to navigate and it shouldn’t take long to place a bet on the sport of your choice.

That’s why we found it refreshing to use MyBookie.

Desktop site

The MyBookie homepage isn’t littered with promotions and useless information. Instead, you can jump straight into the action and begin placing bets in a matter of seconds.

The site defaults to the sportsbook and you can choose to explore the markets from the long list of sports down the left column. Once you have selected your sport, you can browse all of the available markets down the middle column. For every upcoming football game, we could compare the lines, straight betting odds, and the over/under. When you have a selection in mind, it’s as simple as clicking it and confirming it on the bet slip on the right.

It’s no wonder why this modern layout is quickly becoming the norm on all sportsbooks.

Mobile site

MyBookie’s mobile site is just as easy to navigate as the desktop version.

The mobile footer has quick links to everything that you need, including the option to navigate to sports, cashier, bet slip, casino, and chat. That may not seem important, but we have vivid memories of the YouWager mobile site that had links to if bets, action reverse, and props/futures in their header rather than links to pages of actual importance.

Besides that, the mobile site is speedy and enables quick live-betting on sports as they happen.

There’s a lot more to like about the MyBookie website, and we’ll touch on some of those aspects in the customer service section of this review.

MyBookie’s Safety, Security and Reliability

MyBookie’s safety, security, and reliability⁠—just like any relatively new sportsbook⁠—has been a topic of debate ever since they stepped into the world of offshore sports betting in 2014.

Just as sports fan trust a football coach with ten years of experience to make better choices than the coach with limited coaching experience, gamblers, too, will place more trust in the sportsbooks that have more clocked more minutes in the game.

The reasons are clear. Established sites such as BetOnline (2004) and BetDSI (1998) have a decade or more of experience under their belt and that means that the experiences with these sportsbooks are well-documented.

The widespread belief is that these sites wouldn’t be operating today if they were unsecure, unsafe, or unreliable because word would get out and players would stop betting there.

Because MyBookie (2014) is one of the new kids on the block, the site has needed to go above and beyond to promise the safety, security, and reliability standards that so many gamblers crave.

From our experience, there are no red flags or need for caution when betting at MyBookie.

But the details of our experience is incredibly different from some that have been shared online. That may be the reason why you’re here at WagerBop looking for an expert opinion.

So, what’s the story?

MyBookie’s payout reliability came into question after Dave Portnoy, founder of Barstool Sports, attacked them on Twitter in April 2019. Portnoy released a video with the caption “Only idiots would gamble with @betmybookie” and the Barstool army had the pitchforks ready.

https://twitter.com/stoolpresidente/status/1115707749189521409?s=20

With more than 1,500 responses to Portnoy’s original tweet, it didn’t take long for MyBookie to respond to the claims both in the video and the comments from users.

https://twitter.com/betmybookie/status/1115715641556840449

Unsurprisingly, bonuses and rollover requirements are the crux of the issue at hand.

It’s important to remember that when you see negative experiences posted online about MyBookie not releasing funds, it’s more often than not because the user accepted a bonus when depositing and did not read the terms and conditions associated with the promotion.

We covered everything you need to know about rollovers in an earlier section, but the reality is that there are many recreational and first-time gamblers out there who don’t understand the complexities of bonuses.

But knowing this, we still don’t feel any sympathy for BetOnline because having some of the best bonuses and most achievable rollover requirements in the game today is just an example of a lesser evil. It’s still a trap for new users.

The reality is that if you understand the rollover requirements when opting-in for bonuses and promotions (or just simply decline them), then you’re very unlikely to run into any problems when using MyBookie.

As mentioned in the reputation section at the top of this article, MyBookie appears to be doing all of the right things to maintain a high level of safety, security, and reliability for bettors.

MyBookie’s Customer Support

When it comes to customer support, MyBookie delivered exactly the type of experience we’re looking for from a sportsbook.

Here at WagerBop, we’re not interested in picking up the phone or sending an email regarding minor issues. That’s why we were glad to find that MyBookie’s customer support team is available 24/7 via live chat.

MyBookie’s live chat was fast and convenient. There were no queues or long wait times, and the agents answered all of our questions.

Live chat will always be our preferred option for quick and easy questions such as confirming the details about bonuses and promotions, but if your question is more complex, you will definitely appreciate the ability to reach MyBookie via toll-free phone-call and via email.

One massively underrated aspect of good customer service is not the speed, knowledge, and efficiency of the customer service agents, but proactive support in the forms of in-depth frequently asked questions pages and knowledge bases.

By clicking the MyBookie ‘Help’ page, you’ll instantly be directed toward a brilliant knowledge base that has solutions for almost everything that matters.

And, of course, if the solution to your problem isn’t covered in the knowledge base, you can always reach out to the customer support team via live chat, phone, or email. There’s even a neat option to request a callback from the MyBookie team so you don’t need to make the call yourself!

Conclusion

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MyBookie Review

⭐⭐⭐⭐ (4 stars out of 5)