MaximBet Sportsbook Review 2024

MaximBet is offering new customers an exciting deposit match welcome bonus worth up to $1,000. This is a simple, effective bonus that comes with just a 5x rollover requirement, so it is sure to appeal to lots of sports bettors. This welcome offer is a 100% deposit match up to $1,000 that counts towards your first deposit - MaximBet will match your initial deposit up to $1,000.

MaximBet also provides lots of ongoing promotions for its customers, so you will find plenty of opportunities to unlock bonus credit.

MaximBet Sportsbook is a collaboration between a company called Carousel Group and Maxim, the popular lifestyle brand. Carousel has built its own proprietary sports betting software, which means it does not have to pay a cut to a third-party provider. That should allow it to operate on better margins than most rivals, which should hopefully present it with the opportunity to invest in lots of lucrative MaximBet Sportsbook promo code offers in future. Read on to learn how to claim your MaximBet bonus bet credits today.

MaximBet is offering a 100% deposit match welcome bonus worth up to $1,000 as an incentive for new customers to register. The minimum first deposit required to unlock this MaximBet promo code offer is just $10, so it should appeal to casual sports bettors. You can claim the bonus by signing up for an account, making a deposit and placing a qualifying wager.

MaximBet Sportsbook will then match 100% of your first deposit amount in the form of a bonus bet, up to a maximum of $1,000. Therefore, if you deposit $10, you will get $20 to play with, and if you deposit $150, you will get $300 in your account balance.

You will have seven days in which to use your bonus bet credits. If you do not use the bonus funds in that time, they will be forfeited and removed from your account. There is a 5x rollover requirement on the bonus funds. That means you only need to play them through once before you can withdraw any winnings you earn.

Your risk amount will not be returned. For example, if you place a $10 bet with bonus funds at odds of +200 and it wins, you will get $20 in profit, but the $10 stake is not returned. That is standard procedure at online sportsbooks.

MaximBet is owned by Carousel Group, which entered the U.S. sports betting market as an operator in late 2020 after securing market access deals for New Jersey, Colorado, Indiana and Iowa. It launched with a brand called SportsBetting.com, which made its debut in Colorado. There were plans to expand it in different states. However, Carousel then struck a media rights deal with Maxim, the luxury men’ s lifestyle brand, to launch MaximBet. It set about rebranding SportsBetting.com as MaximBet, and the plan is to launch it in a variety of different states.

MaximBet Promo Code Colorado

SportsBetting.com launched in Colorado in September 2020 after agreeing a market access deal with Johnny Nolon’ s Casino in Cripple Creek. Carousel Group chief executive Daniel Graetzer said the business would aim to provide the best odds and highest limits in the market, providing maximum value for customers.

It operates on proprietary software, so it does not have to pay a percentage of its revenue to a white-label provider, which allows it theoretically to provide competitive odds and great bonuses. SportsBetting.com provided customers in Colorado with a 100% deposit match bonus worth up to $1,000. The MaximBet Colorado promo code will be identical. There are also lots of ongoing promos for Colorado sports fans to claim at MaximBet.

Maximbet Promo Code Arizona

MaximBet has inked a market access deal with the White Mountain Apache Tribe, which will allow it to launch in Arizona in 2021. There are 20 available online sports betting licenses in Arizona. Operators need to tie up market access deals with tribes or sports teams. Most have already been claimed, so MaximBet will be entering a crowded market.

It will need to work hard to stand out against illustrious rivals such as Caesars Sportsbook, BetMGM, FanDuel Sportsbook and DraftKings Sportsbook, so we can expect to see it provide some innovative promos for sports fans in Arizona. There will be a 100% match deposit welcome bonus worth up to $500, followed by an assortment of additional promotions and access to the loyalty program.

A private company called Carousel Group launched SportsBetting.com in 2020 after it was granted an online sports betting license in Colorado. The company then tied up a deal with Maxim - a men’s magazine that has evolved to become a prominent lifestyle brand - to launch MaximBet in 2021. SportsBetting.com will be rebranded as MaximBet in Colorado and rolled out in New Jersey, Arizona and other states.

Carousel Group has built its own proprietary sports betting software. It said it was formed by “top executives with more than 100 years of collective experience in the gaming industry.” The founder and chief executive is Daniel Graetzer, who previously worked as a director at Spanish company Mediatech Solutions. Carousel Group has received $50 million in funding from Nasdaq-listed Chinese company ZKIN International Group to bankroll its expansion plans. Its stated aim is to capture “a significant share” of the U.S. online gambling market.

The team behind MaximBet deserves credit for building a user-friendly sportsbook on proprietary technology. MaximBet sportsbook bonuses are great and it offers some highly competitive odds on certain sports. Other strengths include 24/7 customer service, a strong loyalty program and high betting limits. It offers fewer betting options than most rivals, and it does not cover as many sports, while banking options are limited, but overall it is an impressive online sportsbook that shows a lot of promise.

It is quick and easy to register for a MaximBet account if you follow these instructions:

1. Click the link provided by Bookies.com to visit the site and then click on the green “JOIN” button at the top right of the homepage.
2. Enter your email address, choose a password, and then enter your name, date of birth, the last four digits of your SSN and your address.
3. Agree to the terms and conditions and click to complete the process.
4. You then have to verify your ID. Upload an image of your ID card, driver’s license or passport, and take a selfie to confirm your identity. You can then make a deposit and start betting.

MaximBet lists the most popular sports first on a separate tab at the top left of its homepage:

• Football / NFL
• Basketball
• Baseball
• Hockey

It covers each of those sports in reasonable depth. For example, baseball fans can bet on games in Japan and Korea alongside MLB action, while the basketball section covers countries such as Chile, Uruguay and Puerto Rico alongside NBA and NCAAB games. Rival sportsbooks offer more wagering options on specific games, but you can find some alternative spreads and game props, plus live betting and a reasonable selection of futures betting markets.

The online sportsbook MaximBet offers also provides betting on:

• Boxing/UFC
• Cricket
• Darts
• Golf
• Motor Sports
• Rugby League
• Rugby Union
• Soccer
• Tennis
• Table Tennis

The coverage of some of those sports is also relatively comprehensive, with a decent selection of prop bets, so you should find plenty of action to wager on at MaximBet Sportsbook.

MaximBet stands out as one of the few online sportsbooks to operate on proprietary software. Most sports betting sites run on white-label platforms provided by companies such as Kambi or SBTech, or use the popular OpenSports engine from Scientific Games, whereas the team behind the sportsbook MaximBet offers has built its own technology. That should allow it to operate on better margins, theoretically giving it scope to invest in bonuses and competitive odds, but it risks providing a substandard wagering platform. We are pleased to report that is not the case. MaximBet provides fewer betting options and covers fewer sports than many rivals, but the site experience is strong. It is easy to navigate, with a clear search function, and the betting pages are laid out in an intuitive manner.

The SportsBetting.com app provided by Carousel Group - which is being rebranded as the MaximBet app - has seemingly experienced teething problems. That is to be expected of a new app built on proprietary technology, but some of the user reviews on the App Store are pointed. Users have complained about login issues, difficulties withdrawing money, limiting winning players and other problems. We hope that these issues are ironed out by the time the MaximBet app is rolled out across the country. We tested it out and found the interface to be very clean, resulting in an effective user experience. We did not experience payout issues when trying it out for our MaximBet Sportsbook review, but we note that some MaximBet app users have made complaints.

We were pleased to find above average odds on many sports at MaximBet. The MaximBet odds on MLB games and soccer games were often market leading and significantly better than many rivals were providing. Its NFL odds were not particularly appealing, but overall, its lines are strong. That is to be expected, as it has proprietary technology, so it does not have to pay a cut to a company like Kambi or SBTech, and it can afford to pass some of those savings onto customers in the form of discounted lines.

The MaximBet app is reasonably basic, and it does not offer the sort of modern features you will find at rival sites, such as a stats hub or live streaming. However, you can benefit from some helpful features:

Live Betting

MaximBet offers a reasonably broad array of live sporting events for customers to bet on. You will be presented with play-by-play updates and stats on sports like baseball, basketball and soccer, along with a modest range of live prop bets.

Parlay Party

You will get bonus bet credits if you place successful parlays. It will give you 25% of your winnings as a bonus bet on a successful parlay with four legs. It goes up to 50% for five legs, 75% for six legs and 100% for seven legs, up to a maximum of $1,000. There are also odds boosts and bet of the day promos.

MaximBet Sportsbook offers a narrow range of betting options compared to many of its illustrious rivals. For example, you will not find player props, while game props and alternative spreads and totals are limited. There is no same-game parlay builder either. However, Carousel Group built the wagering platform from scratch, and it is new, so we expect it to make improvements and refine the offering in future.

Minimum Bet

There is no official minimum bet, so you should be able to wager less than $1 if you so desire.

Maximum Bet

MaximBet does not have a maximum bet limit, but it does impose maximum winning limits, which are higher than most rivals’ limits. You can win up to $2 million on soccer and up to $500,000 on NFL, NBA, MLB, NHL, tennis, golf, rugby league and rugby union.

Reduced Juice

MaximBet is not a traditional reduced juice sportsbook, but you can find some great odds on certain markets.

You will have a very narrow range of deposit and withdrawal methods to choose from. Some users have complained that it was quick to take their money, but very slow to process payout requests. We did not experience those issues when we tested out the site.

A MaximBet payout will be processed the following business day. For example, if you request it on a Wednesday, your request will be approved or denied on the Thursday. If you request a MaximBet payout on a Friday, you will need to wait until the following Monday. Withdrawal times then vary depending upon which of the MaximBet payout options you select, but they take 1-5 days.

MaximBet does not offer an online casino. It is simply an online sportsbook built on proprietary technology.

A loyalty program at MaximBet sees you earn 2 points for every $1 wagered on straight bets, 5 points for every $1 wagered on in-play straight bets, and 10 points for every $1 wagered on parlays. At the end of the month, you get $1 in bonus bet credit for every 1,000 points earned.

MaximBet is one of the few online sportsbooks to provide 24/7 customer support via live chat. The agents we spoke to when conducting this review were polite, friendly and knowledgeable, and we were never kept waiting long. You can also request a call back, send an email or contact the team via social media. There is a comprehensive FAQ section at the site too, and we were impressed by how clear and concise the answers were.

MaximBet is a newcomer to the wonderful world of sports betting, so it does not have a long security record. However, it has not suffered a security breach thus far, and it appears to have robust encryption software in place, so you should feel confident using this online sportsbook.

MaximBet has a very comprehensive responsible gambling section, divided into various different pages. There are detailed guides to setting up bet limits, deposit limits and time limits, plus tips that can help, how to recognize a problem, self-exclusion, how to take a break, how a gambling problem can affect family and friends, and protection of minors. It is one of the most impressive responsible gambling sections we have seen.

MaximBet is a unique online sportsbook that has several attractive qualities. The odds on certain sports are very competitive, and the bonuses are great. We also liked the 24/7 customer service, the quality of the user experience, the simplicity of the loyalty program, the responsible gambling section and the high betting limits. There are significant issues to be addressed - processing withdrawals quicker, broadening the choice of payment issues, addressing complaints about the app and offering more betting options - but overall we were impressed by this online sportsbook, which has great potential.