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Betsafe Sportsbook Promo Code & Review Dec 2022

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Betsafe Sportsbook Promo Code & Review Dec 2022

21+ Terms Apply.

Sportsbook Status Live in CO
  • Legal and Licensed in USA
Betsafe US

Betsafe Sportsbook Promo Code & Review Dec 2022

Betsafe Sportsbook is one of the newest entries into the long line of top US betting sites. Betsafe Sportsbook and Online Casino, operated by the Swedish gaming company Betsson, launched in March 2022 in Colorado. Its retail partner is Dostal Alley Casino, which is located in Central City.

Colorado is the first step in terms of U.S. expansion, according to Betsson leadership. The Betsafe brand is popular in Europe, specifically because of it offers extremely competitive odds and a great user experience.

*Must be 21+ to participate. T&Cs apply. Gambling Problem? Call 1-800-522-4700. Betsafe is committed to responsible gaming. Links to Betsafe’s responsible gaming policy and self-exclusion program may be found on Betsafe’s website.

Betsafe Sportsbook Promo Code

🎁 Betsafe Sportsbook Promo Code 100% Deposit Match up to $500
🖊️ Betsafe Sportsbook Sign Up Offer Up to $500 Deposit Match
⭐ Who is Eligible 21+ and located in Colorado
💳 Minimum Deposit $10
⌚️ Withdrawal Time 2 - 5 Working days
💰 Wagering Requirement: 5x
✅ Verified On Dec 05 2022

Sign up today and receive a 100% deposit match up to $500!

The Betsafe Sportsbook promo code gives new customers a 100% first deposit match bonus up to $500. This is a very generous offer for new users. Click any of the "Bet Now" buttons on this page to get started. The minimum deposit to claim this current bonus is $10. There is no actual Betsafe promo code that you need to enter.

With a top-notch betting app as well as a sportsbook that offers odds on pretty much every sport imaginable, Betsafe Sportsbook looks poised to become a top sportsbook for many years to come. This review will cover every aspect of the sportsbook and help you make an informed decision about why you should sign up for a Betsafe Sportsbook account.

*Must be 21+ to participate. T&Cs apply. Gambling Problem? Call 1-800-522-4700. Betsafe is committed to responsible gaming. Links to Betsafe’s responsible gaming policy and self-exclusion program may be found on Betsafe’s website.

Betsafe New User Promos

New users can get a 100% first deposit match bonus for up to $500. There is a 5x playthrough requirement, which means if your bonus is $20, you'll need to bet $100 before you can withdraw any funds associated with the offer. This is far from the highest wagering requirements we've encountered, so it's a very appealing offer.

Betsafe Promo Codes and Strengths

When looking to sign up with the Betsafe welcome promo code, all you have to do is click through any of the links on this page. The betsafe bonus immediately loads into your account, giving Betsafe users a boost to their bankroll right away. One of the best bonus offers in the industry, Betsafe sportsbook and online casino is one of the more underrated operators in the US.

The top strength for Betsafe Sportsbook is the impressive number of sports betting markets. It has arguably the widest variety of sports to bet on that we have seen. Of course, you can bet on the top sports leagues like the NFL, MLB, NHL, and NBA, but there are also smaller niche sports such as Padel and Pesäpallo, which we don't often see odds on at other sportsbooks.

If there is a sports betting market that you can think of, it's probably available to bet on at Betsafe Sportsbook. It's a very impressive set of choices, so if you like betting on sports, you'll love this app.

Betsafe Sportsbook Promo Code Evolution

Betsafe Sportsbook is part of the Betsson Group, an entertainment group whose history dates back five decades. Betsafe Sportsbook itself launched back in 2006, and Betsson purchased the Betsafe Group in 2011.

In 2016, Betsafe Sportsbook released the first edition of its sports betting app. Betsafe Sportsbook was originally a European-based sportsbook, but it recently launched in Colorado in 2022, its first U.S. state, as well as in Canada. Its goal is to become one of the leaders in online sports betting sites, and it is certainly well on its way to doing just that.

Betsafe Sportsbook Active States

Colorado is the only active state for Betsafe Sportsbook currently, but it has plans to expand. Colorado will be the test run for Betsafe Sportsbook in the United States, and if things go well, then we expect Betsafe Sportsbook to launch in other states after.

Where is Betsafe Sportsbook Launching next? 

While we don't know for sure yet where Betsafe Sportsbook will launch next, we would guess that the company is targeting other regulated states in the United States for future expansion, such as Arizona, New Jersey, and Pennsylvania.

Sports to Bet On With Betsafe Sportsbook

The list of sports to bet on with Betsafe sportsbook is enormous, meaning you will have your pick of the litter when it comes to what sport you want to bet on.

Below is the full list of sports to bet on at Betsafe Sportsbook. Overall, it is an impressive list of sports betting markets, including all of the major sports such as the NFL, plus niche sports such as padel.

  • Australian Rules
  • Boxing
  • Chess
  • Cricket
  • Cycling
  • Darts
  • Esports
  • Golf including the PGA
  • MLB and other baseball leagues
  • Motorsports including Formula 1
  • Basketball (NBA & international)
  • NCAA (basketball, football, more)
  • Football (NFL & other leagues)
  • Ice hockey (NHL & international leagues)
  • Padel
  • Pesapallo
  • Politics and Business
  • Rugby League
  • Rugby Union
  • Soccer, including MLS, European soccer leagues, and more
  • Snooker
  • Table Tennis
  • Tennis
  • UFC and other MMA leagues
  • Virtual Sports
  • Volleyball

*Must be 21+ to participate. T&Cs apply. Gambling Problem? Call 1-800-522-4700. Betsafe is committed to responsible gaming. Links to Betsafe’s responsible gaming policy and self-exclusion program may be found on Betsafe’s website.

Betsafe Sportsbook Betting Lines

Overall, the betting odds at Betsafe Sportsbook are fairly comparable to the major sportsbooks. In some instances, the odds are slightly better, but there are examples of the opposite as well. The Betsafe Sportsbook promo code isn't one of the most lucrative, but it does offer very few withdrawal requirements.

For example, DraftKings Sportsbook offered -110 odds on the Tampa Bay Lightning vs. Colorado Avalanche in Game 3 of the 2022 NHL Stanley Cup Playoffs, but Betsafe Sportsbook had the odds at -109 and -108, so it offered slightly less juice.

On the other hand, the Golden State Warriors pay +500 at Betsafe Sportsbook to win the 2023 NBA Championship, but DraftKings Sportsbook offers +600. The overall takeaway is that line shopping is important to get the best odds.

Types of Sports Bets by Popularity 

In addition to the vast variety of sports betting markets, there is also a wide variety of types of sports bets to make at Betsafe Sportsbook. Below is the full list of the different types of bets you can make.

Straight Bets

A straight bet means you are betting on one single outcome to happen, and often this refers to who wins the game (a moneyline bet). For example, you could have made a straight bet on either the Colorado Avalanche or the Tampa Bay Lightning to win the 2022 NHL Stanley Cup Championship. In this case, you would just need to make a straight bet on either team winning the game. If the team wins, then you will win your bet. Spreading betting is another form of a straight bet. In this scenario, the Broncos might be -3 favorites over the Colts. That means they need to win by more than a field goal in order for your bet to cash.

Total Lines

Betsafe sportsbook offers totals bets - a wager on how many points are scored in a game. For example, the total for the Avalanche against the Lightning might be set at 6.5 goals. This means that if six or fewer goals are scored in the game, then the under is a winner, while seven or more goals being scored makes the over a winner. There are also alternative totals available, such as moving the game up to 8.5 goals instead.

Moneylines

Moneylines are the most straightforward type of bet to make. A moneyline is the odds of a team winning or losing a game. For example, the New York Yankees might be a -200 favorite at home over the Toronto Blue Jays, who are +150 underdogs in this example. That means a $200 bet on the -200 Yankees moneyline would win you $100, while a $100 bet on the +150 Blue Jays moneyline would return $150 if it cashed. With moneylines, you just have to bet on the winner -- you don't need to worry about the point spread.

Parlay Bets

Parlay bets offered by Betsafe Sportsbook combine multiple outcomes in the same bet. For example, UFC events often feature upwards of 12 fights. Many MMA fans enjoy parlaying five or six fighters together in order to beef up the potential payout. Parlay bets are harder to hit since all legs need to win in order to cash your bet, but they are also more profitable as the odds are much greater.

Futures Bets

Betsafe Sportsbook futures bets are when you are betting on something happening down the line - in the ... future. Many futures bets are tied to a team winning a championship. For example, right now you could make a bet on the Golden State Warriors to repeat as NBA champions next year. You will get much better odds by making the bet now, rather than waiting until the Warriors lock up the No. 1 seed in the West.

Prop Bets

Prop bets are when you bet on something specific to happen during a sporting event. For example, you could bet on a player prop of Russell Wilson throwing over three touchdowns. Alternatively, there might be a team prop on the Golden State Warriors hitting over 15 three-pointers as a team. These prop bets are harder to hit since they are more specific, but often these prop bets are available at much better plus-money odds.

*Must be 21+ to participate. T&Cs apply. Gambling Problem? Call 1-800-522-4700. Betsafe is committed to responsible gaming. Links to Betsafe’s responsible gaming policy and self-exclusion program may be found on Betsafe’s website.

Great Betting Features On Betsafe Sportsbook 

Betsafe Sportsbook offers a number of incredible features. Below are some of the best features available in this sportsbook. Remember, we are looking for a sportsbook that offers the user as many options as possible. With all of the following features, the goal is for you to have more fun and to turn more profit.

Betsafe Points Spreads

Point spread betting is a bet that a team "covers" a certain number set by the sportsbook. For example, the Warriors may have been a -4 point favorite to defeat the Celtics during the 2022 NBA Finals. You would only have to pay -110 on the Warriors on the point spread compared to -200 on the moneyline, but they would have to win the game by more than four points for you to win the bet. If you had bet on the Celtics as a +4 point underdog, they would need to either lose by less than four points or win outright for your bet to cash.

Betsafe Live Betting

Betsafe Sportsbook offers live betting, meaning you can bet on the games while they are taking place live. There is live betting available for almost every sport that is being played. With live betting, you will be able to actually watch the game, so you can make a more informed bet based on what you are watching in real-time. With live betting, you'll get different odds compared to the pre-game odds. The catch here is live odds are adjusted by algorithms, which means you can sometimes find weakness in their lines because they can't account for game flow and the human element.

Betsafe Cash Out Option

Betsafe Sportsbook features a cash-out option that allows you to take out your stake and potential winnings before the game is over. Using the 2022 NBA Finals as the most recent example, you might bet on the Warriors to beat the Celtics.

Let's say the Warriors are by 10 points. At that point, you may want to consider cashing out and taking partial winnings, just to be safe in case the Warriors end up losing the game. In that example, Betsafe Sportsbook would refund your stake and give you part of your potential winnings.

However, if the Warriors were losing the game by 10 points and you wanted to cash-out, you will be offered only a partial refund of your stake back. Keep in mind that the cash out feature is not always available, and it cannot be used for free bets are or multi-wagers.

Betsafe Sportsbook Price Boosts

Betsafe Sportsbook also offers odds boosts on certain events, though they refer to them as price boosts. With price boosts, you would get superior odds on something compared to the regular betting odds.

These price boosts are only offered at certain events, but you can check out the app to see what options there are. For example, instead of betting +150 on the Cincinnati Bengals to defeat the Los Angeles Rams, you might get the odds on the Bengals boosted up to +200 instead.

Single Game Parlays at Betsafe Sportsbook

With single-game parlays at Betsafe Sportsbook, you can bet on multiple outcomes within one game. For example, you could bet on the Boston Red Sox to win their MLB game and also parlay it with the total runs being scored in the game. The minimum number of legs needed for a single game parlay is two. With single-game parlays, you can take maximum advantage of the odds and get a greater payout by betting on two outcomes to happen during a single sporting event.

Bet Builder

With the bet builder, you can make a single-game parlay to place a bet on at Betsafe Sportsbook. You must select at least two outcomes from one particular event. The two events can not be contradictory, meaning you could not bet on both teams to win the game. However, you could bet on a team to win the game and then build a bet with the total in the game, and on top of that, you could add player props. The bet builder at Betsafe Sportsbook is a really cool way to make a wager.

Other Bets Allowed at BetSafe Sportsbook

Betsafe Sportsbook also has free bets and risk-free bets. With free bets, you are getting a chance to win a bet for free without laying down any actual cash. With a risk-free bet, you would have to stake your own cash, but if your bet lost, then you would get back the money into your account in the form of a site credit.

Betsafe Sportsbook & Casino Pros & Cons 

Pros
Strong odds pricing for European Football (Soccer) betting
Exceptional customer service offered
Wide range of betting options across a variety of different sports & events
Fantastic bet-type coverage including extensive player props on most sports
Cons
Not many banking options available at the moment
Only available for Colorado bettors right now

*Must be 21+ to participate. T&Cs apply. Gambling Problem? Call 1-800-522-4700. Betsafe is committed to responsible gaming. Links to Betsafe’s responsible gaming policy and self-exclusion program may be found on Betsafe’s website.

Betsafe Sportsbook Live Streaming

One of the best features at Betsafe Sportsbook is the live streaming of sporting events. In order to watch the games at Betsafe Sportsbook, you have to register for an account and then deposit money (users with a $0 balance can not watch games).

You then go to the live betting button, click on it, and you will be given a list of the live games. Click on the television icon beside it, and if the games are available for live streaming, you can watch them.

How To Bet At Betsafe Sportsbook

Signing up for Betsafe Sportsbook is easy to do. Here's how you would get started:

  • Go to the Betsafe Sportsbook website or download the sports betting app and then click on 'Create Account' to register your account
  • Fill in all of the information asked to create your new account
  • Once your account is created, you can take advantage of the 100% first deposit bonus by making your first deposit into your Betsafe Sportsbook account
  • Once your first deposit has been confirmed, you can bet on sports!

Bet Limits Using Betsafe Bonus Code

There is no maximum bet limit at Betsafe sportsbook, but there are maximum win amounts. We'll run through all the details below.

Bet Minimums

The minimum bet at Betsafe sportsbook is 10 cents for U.S. bettors. That is lower than most other sportsbooks, so it allows for bettors with smaller bankrolls to play.

Bet Maximums

There is no maximum bet at Betsafe Sportsbook. However, keep in mind there is a maximum win of $120,000 U.S. per a single bet, a $300,000 maximum win per day, and a $600,000 maximum win per week.

Betsafe Sportsbook Payment Options

There are a number of banking options available at Betsafe Sportsbook. Below are the payment options listed in their 'Banking Options' section.

Deposit Methods Accepted 

Making a deposit at Betsafe Sportsbook is easy when signing up with the Betsafe bonus code. The Betsafe sportsbook and online casino bonus is a great one and you can deposit many ways. In most cases, the transaction will happen instantly. Here are some of the banking options for U.S. bettors:

  • Credit cards (Visa/Mastercard)
  • PayPal
  • Skrill

The Betsafe bonus code deposits should go through into your account instantly. According to Betsafe Sportsbook customer support, you can not use a credit card to make your first deposit. The minimum deposit for all deposit options is $10.

Betsafe Sportsbook Payout Options

💳 Betsafe Neteller Withdrawal Time Immediately
💳 Betsafe Skrill Withdrawal Time Immediately
💳 Betsafe Bank Transfer Withdrawal Time 2-7 Banking Days
💳 Betsafe Visa & MasterCard Withdrawal Time 2-5 Banking Days

*Must be 21+ to participate. T&Cs apply. Gambling Problem? Call 1-800-522-4700. Betsafe is committed to responsible gaming. Links to Betsafe’s responsible gaming policy and self-exclusion program may be found on Betsafe’s website.

Redeeming Bonus Code Cash

Redeeming cash is also easy. Just click on "Withdrawal" in order to take out your money. Below are some of the options available for withdrawing your money:

  • Bank Transfer online banking
  • PayPal
  • Skrill

The minimum withdrawal is $20. All withdrawals take 48 hours to process, and then the funds will reach your bank account within 2 - 5 working days.

Does Betsafe Sportsbook Offer a Loyalty Rewards Program?

Betsafe Sportsbook offers you the chance to become a VIP member. Betsafe Sportsbook will review accounts on the regular and invite its most dedicated members to become a VIP. Here are some of the perks of being a VIP member, along with the inital Betsafe deposit bonus:

  • Personal VIP manager; dedicated VIP team
  • Reserved place at exclusive events
  • Fast-tracked withdrawals
  • Personalized offers and big rewards
  • Private tournaments and raffles 

Sportsbook User Experience

We really enjoyed our Betsafe Sportsbook desktop experience. From the main screen, you can access the sportsbook, the casino, and other options listed as well. You can also see all of the available banking options. The red, white, and black theme of the Betsafe website makes it easy to read and easy to navigate. Overall, we liked what we saw featured on the Betsafe Sportsbook desktop site.

Betsafe Sportsbook App 

The Betsafe Sportsbook app can be downloaded for iOS via the Apple App Store or for Android via the Google Play Store. From testing the app, it is very nice to look at and easy to use. You will have access to all of the sportsbook options, and the casino is also available on the app, as well. Overall it's a well-designed app and we liked using it. Betsafe customers will surely enjoy using it, too.

Website Design

We liked the website design on the Betsafe Sportsbook web-based platform. As soon as you sign up with the Betsafe welcome bonus, you'll see why. The website and mobile version is very clean and efficient. For one, the screen is bigger than on the mobile app, so you will be able to see more at once. We also liked how you can easily see the full list of sports available to bet on, and there are a lot of options. In addition, you can access the Betsafe casino games. Overall, it is an easy website to navigate and we enjoyed using the site.

Software Security

Betsafe Sportsbook says that customer funds are kept in a separate bank account and regulated with tier-1 financial institutions. On top of that, customer data is protected using in-depth security precautions. To help keep your information safe, make sure to use a hard-to-guess password so that it is difficult for a hacker to get into your Betsafe account.

Responsible Sports Betting Methods

Betsafe Sportsbook practices responsible gambling methods. In the 'Help' section, there is a 'Responsible Gaming' tab with information on the subject. Here, you can do a self-assessment test to determine how safe gambling is for you. You can also set deposit limits, go on a time out, or even self-exclude yourself.

Betsafe Sportsbook Customer Support Methods

You can view the Betsafe Sportsbook customer support methods in the 'Help' section. You can access live chat, where the typical response time is just 30 seconds; you could email and expect a response back within 30-60 minutes; or you could request a callback, which you will likely receive in 15-60 minutes.

The Betsafe Sportsbook customer service center is available 24/7. There is also a FAQ section. Bookies.com spoke with a live chat agent for the purposes of this review and the customer support team was very helpful and gave us the information we needed.

Betsafe Online Casino Bonus Code

In addition to the Betsafe Sportsbook, there is also the Betsafe online casino. There is both a casino and live casino games available for customers to use. There are a number of casino games including slots games, poker games, and table games available at the Betsafe online casino.

There is live roulette, live blackjack, live poker, live baccarat, slots, and game shows available. Overall, there is a wide variety of games at the casino. However, there does not appear to be a specific Betsafe casino bonus.

The Betsafe Sportsbook and online casino bonus can be used for either, so feel free to sign up and feel your way around Betsafe. The Betsafe welcome casino bonus code doesn't have to be redeemed all at once, and the rollover requirements are minimal.

Betsafe Sportbook is taxed at a 10% rate by the state of Colorado, with the majority of the tax money being sent to the Colorado Water Plan. In addition, the customer would have 24% of their winnings over $5,000 withheld for federal tax purposes.

Betsafe Sportsbook Deposit Bonus Review

Overall, we liked what we saw at Betsafe Sportsbook for the following reasons. First off, one of the main draws is the sheer number of markets. It's a longer list than most other sportsbooks, so that is certainly an added benefit.

We also liked the live streaming of sports, and we liked the fact there is also an online casino. The app and the web platform was solid, as well. The Betsafe welcome offer of a 100% first deposit match bonus up to $500 is also very generous.

The Betsafe deposit bonus code is a phenomenal one, offering new users $500 with fery few requirements. That's rare in the sports betting industry, as you typically see deposit bonus codes with lengthy withdrawl requirements.

There were a few things that can be improved. For one, there are not many banking options available right now when using Betsafe welcome bonuses, and you can't use a credit card to make your first deposit. On top of that, the Betsafe app is only available in the United States in Colorado right now, though it could expand soon.

We give Betsafe Sportsbook a thumbs up just due to the number of betting options available. We definitely recommend you check out Betsafe sportsbook, especially since it's welcome offer is so generous.

Betsafe Sportsbook FAQ

Where is Betsafe Sportsbook legal?

Betsafe Sportsbook is legal in the state of Colorado. Betsson launched Betsafe Sportsbook in Colorado in March in partnership with Dostal Alley Casino in Central City (it expect to expand into other states). Betsafe Sportsbook is also legal to use in Canada, as well as several European markets, where it is regulated by the Malta Gaming Authority.

What is the Betsafe Sportsbook Promo Code?

There is no specific Betsafe sportsbook promo code, but its welcome offer gives new users a 100% first deposit match bonus up to $500. You can also check the promotions section to see all of the current offers.

Is there a Betsafe Sportsbook risk-free bet for bettors?

While risk-free bets are mentioned on the Betsafe Sportsbook site, at this point this isn't something that is given as a Betsafe welcome bonus for new bettors.

How old do I have to be to bet on the Betsafe Sportsbook?

You must be at least 18 years of age in the U.S. to bet at Betsafe Sportsbook.

Does the Betsafe Sportsbook have an online casino?

Yes, Betsafe Sportsbook also offers online casinos in addition to the sportsbook.

Does Betsafe Sportsbook have a mobile sports betting app?

Yes, Betsafe Sportsbook has a mobile betting app. For iOS users, go to the App Store and download it, while Android users can download the app from the Play Store.

How much taxes do I pay on Betsafe winnings?

The taxes you pay at Betsafe Sportsbook depend on where you live. For United States bettors, there is a 24% federal tax that is levied upon wins over $5,000 at online sportsbooks.

About the Author

Adam Martin for Bookies.com
Adam Martin
A writer based out of Toronto, Adam Martin has covered professional sports, with an emphasis on sports gambling, for more than a decade, writing for such outlets as The Toronto Star and Sportsnet. He is an expert in UFC, while also covering NHL betting and the Stanley Cup.