Powbet Review

Powbet
The home of generous bonuses and promotions for Canadian bettors.
100% Up To $150
  • Bonuses and promotions
    4.8
  • Banking and payout speed
    4.7
  • Mobile Experience
    4.5
  • Security and trust
    4.6
  • Customer support
    4.8
Total score
4.7

Powbet Top Features

  • Promotions/Bonus Centric
  • Fast Payouts
  • Tons of Banking Options
  • Gigantic Sportsbook
Strengths:
Weaknesses:
Plenty of Promotions/Bonuses
Extensive VIP Program
Popular Betting Markets/Sports
No Dedicated Mobile App
No Live-Streaming

Our in-depth Powbet Review

4.7

Stacked with numerous bonuses and promotions for their users, Powbet delivers in every category. Online betting sites could learn from them as they entered the scene recently (2021) and have already become an industry leader in Canada. Providing users with a robust sportsbook, standard odds and other features that put their customers first, Powbet continues to grow in a competitive market.

Since Powbet is still getting its feet wet, we've inspected this new bookmaker to provide you with critical information. We break down everything there is to know about Powbet, including the sportsbook, their Licensing and Regulations, and everything else in between!

Our comprehensive review is catered toward bettors looking to learn information about Powbet. So, without further ado, let's get to it!

Powbet Strengths and Weaknesses

Nothing is ever perfect but Powbet does everything in its power to provide a great betting experience. While they certainly have some quality-of-life changes to be made, their strengths as a sportsbook far outweigh their weaknesses. This is critical because as they are getting their feet wet, they want to ensure that new bettors using the site enjoy their experience.

Powbet Strengths

  • Plenty of Promotions: While it's nice to bring in new players with a welcome bonus, a sportsbook not offering promotions for their longtime players is disappointing. Thankfully, Powbet offers a ton of great promotions and bonuses for new and veteran players. This is huge because it shows that Powbet cares about new customers as much as their longtime players.
  • Extensive VIP Program: Players want to be rewarded for joining and betting with a sportsbook. With Powbet's top-tier VIP program, called 'Power Squad', they offer an interesting take on a loyalty program for their users. The gist is that you collect tokens, rewards and cards for certain actions that help you tier up as a VIP. It's something I haven't seen before and innovative!
  • Popular Betting Markets: Unless you're a sportsbook offering unusual sports and markets as your schtick, regular bookies need the top sports. Those looking for an in-depth sportsbook offering popular sports and favorite bet types will be happy to know that Powbet provides that.

Powbet Weaknesses

  • No Mobile App: For someone that likes to press a button and start betting, having a dedicated mobile app would help take my betting experience with Powbet much further. However, I understand that not providing a mobile app isn't a deal breaker for many. Their mobile site is efficient and gets the job done, so you can still survive playing on your phone or tablet. However, I think providing an actual app (with potential promotions) could help take the service much further.
  • No Live Streaming: For a mobile betting site looking to compete, I think providing live streaming for sports would be a huge benefit. It's a feature that helps take Powbet to another level and would help them get to the upper echelon of the sports betting market. They provide stats and up-to-date live scoring but the addition of live-streaming would be appreciated.

Conclusion

The weaknesses won't be enough to steer bettors away from Powbet, which is great. If their only weakness is that they could improve in certain areas that don't affect your betting experience, I think that's great. Offering a mobile app and live-streaming is a wish list want and isn't detrimental to my betting experience. Their innovative VIP experience, deep sportsbook and numerous promotions are enough to attract new and experienced bettors alike.

Powbet profile

Website:

Company:
Powbet
Year founded:
2021
Owner:
Rabidi N.V.
License & regulation:
Curacao
Address/Headquarters:
N/A
Sponsorship Deals:
N/A
Payment Methods:
Interac, Debit, Credit, E-Wallets, Crypto
Features:
Generous Promotions, Live Betting, VIP Program
Odds Providers:
N/A
Apps Devices:
N/A 
Contact information/Support:
E-Mail, Live-Chat
Casino game types:
Blackjack, Roulette, Baccarrat, Craps
Casino Providers:
Quickspin, Playson + more

Powbet review – Our expert highlights

Powbet might be an unfamiliar name in the online sports betting scene but they are making an impact. Providing new users with a generous sign-up bonus, plus the inclusion of promotions for various sports has been a talking point for this company.

They offer all of the popular betting markets that Canadians love, as well as niche markets and even special ones. Matching odds with some of the best bookmakers in the game, you won't need to shop lines when using Powbet. As well, their banking methods are prominent and they ensure customers have the support they need with 24/7 accessibility.

Overall, their sportsbook is loved by many and their online casino is another top feature. Those wanting to join a sportsbook should look no further than Powbet!

Powbet Scores

Bonuses & Offers  ⭐⭐⭐⭐⭐

Providing a generous welcome bonus PLUS recurring promotions and bonuses ensures bettors are being taken care of. I love that there is something for everyone and their promotions/bonuses are spread out over a wide range of sports. It's easy to give Powbet 5 stars for this category!

Betting Variety ⭐⭐⭐⭐⭐

No matter what sport or market you want to wager on, Powbet has you covered. Every sportsbook needs to provide popular markets and then some. There is something for everyone with Powbet and you will never be left wishing they offered more. Their betting variety is S-tier.

Banking Options ⭐⭐⭐⭐⭐

When customers join an online sportsbook, they want to be covered with many banking options. Offering Debit, Credit, Online Wallets and Cryptocurrency, Powbet ensures that bettors with different needs will have an opportunity to play on their site. That's all I can ask from an online betting site!

Payout Speed ⭐⭐⭐⭐

It's hard to go above and beyond when it comes to payout speed. Since a lot of it is dependent on the financial institution, it's hard for sportsbooks to provide the best experience since they are handcuffed. With that being said, I am giving Powbet 4-stars because their payout speeds are industry standard, which is expected and understood.

Key Features ⭐⭐⭐⭐⭐

Powbet entices you to join their sportsbook with tons of bonuses and promotions, as well as great banking options and an interesting VIP program. The aforementioned features are enough to capture bettors' attention, so I think Powbet is deserving of 5-stars.

App & Mobile experience ⭐⭐⭐⭐

This is tough because while Powbet doesn't offer a dedicated mobile app, they do have a GREAT mobile site. However, I am giving them 4-stars because not having a dedicated app is disappointing. With that being said, the overall experience using their mobile site was pleasant.

Security and Trust ⭐⭐⭐⭐⭐

It's an easy decision to give Powbet 5-stars. The company has won many awards in regards to providing a sportsbook, so you can trust that you are joining a legitimate online betting site when signing up. As for their security, they use SSL encryption to protect user data, which is a top feature in itself.

Licensing ⭐⭐⭐⭐

I can't lie and say reading that Powbet has a license from Curacao is interesting (to say the least) but I think they are rebuilding a brand and regaining trust within the community. With that being said, I trust Powbet and believe they are well-regulated. The reason for 4-stars is that I think there are more reputable and regarded licenses for sportsbooks.

Software & Games ⭐⭐⭐⭐⭐

Powbet's online gaming scene is backed by industry leaders, such as Playtech and Microgaming. Using these companies means Powbet takes its software and gaming seriously which is great for bettors. They provide HUNDREDS of gaming options as well, so gamers will be satisfied!

User Betting Experience ⭐⭐⭐⭐⭐

While Powbet could add features to help their business, what they currently provide is nothing short of excellent. From the ease of placing bets to their clean interface, Powbet provides an unreal betting experience.

Sign-Up Process ⭐⭐⭐⭐

While I didn't run into any issues signing up for Powbet, I don't understand why it can't be limited to a page or two (instead of four). The one positive from their unnecessarily long process is that you select the bonus you want to redeem when signing up, which is an interesting process. Still, signing up is easy but it doesn't need to be broken down unconventionally.

Customer Support ⭐⭐⭐⭐⭐

Users can chat 24/7 with Powbet's support or communicate through e-mail. This is great because bettors have their preferences for support so I love that they have great options, which in turn makes their users more comfortable. Overall, the entire support system is thorough and appreciated.

Powbet Welcome Package

Welcome packages are a way to feel at home when joining a sportsbook. Online betting sites use these packages to not only drum up interest for joining their sportsbook, but they are also used as a thank you for choosing to play with them.

Powbet Welcome Bonus

 FIRST DEPOSIT BONUS - 100% up to $150

How to claim Powbet Welcome Bonus

  • Select the Sportsbook Qualifying Offer when signing up for Powbet
  • Deposit a minimum of $30, which will be matched 100% up to $150
  • Player bonus must be used fully through at odds no less than 1,50
  • Wagering requirements must be met within first 30 days of initial deposit 

Powbet Welcome Bonus Terms and Conditions

Powbet’s Terms and Conditions aren’t stressful by any means. They encourage you to bet (obviously) in a timely fashion. Other sportsbooks have stricter T&C’s so Powbet users should be happy with the requirements to claim this bonus.

  • Valid for new customers only
  • Minimum qualifying deposit is $30 CAD
  • Player must play through full amount of the first deposit at least once with odds no less than 1,50
  • Deposits via Skrill or Neteller shall not be considered qualifying deposits for this promotion
  • Wagering requirements must be met within first 30 days of initial deposit. 

Any other bonus for new users (include here also welcome bonus for casino)

POWBET CASINO WELCOME BONUS – 100% UP TO $750 + 200 FREE SPINS

Powbet sports bonuses and promotions

On top of Powbet's dedication to sports, they also provide numerous recurring promotions for their sportsbook and casino. What's great about Powbet is that they are not limited by the welcome bonus. They ensure that bettors have multiple promotions and bonuses to sink their teeth into. Some of Powbet's promotions include:

  • Weekly $20 Accumulator Rewards
  • 10% Accumulator Boosts (Up to $150,000)
  • $50 NHL Live Bet
  • $20 Bet Builder Insurance

Powbet also provides other promotions for popular sports like basketball, American Football and soccer.

Casino bonuses

Powbet also takes care of its casino players. Popular promotions include Free Spins with the casino as well as cashback and bonus spins if players follow certain terms and conditions.

Powbet best sports features

Bettors looking to join Powbet will have many reasons to do so. But their best features are sure to attract players that take betting seriously. These features aren't necessarily exclusive to Powbet but they enhance the experience and should be taken care of if you sign-up with Powbet.

Powbet Strong Sportsbook

As mentioned above, sportsbooks NEED to offer not only popular betting markets but unusual markets to attract users. Online sports betting sites thrive by providing a strong betting market and that's exactly why Powbet is increasing in popularity. Their ability to enter the scene, offer the latest markets, odds and top sports is a great feature for Canadian bettors.

Powbet Virtual Sports

Virtual sports don't have an off-season so you can bet on your favorite sports all year long! Powbet's virtual sports section is intense and will provide a great betting experience for users. Offering popular sports like basketball, soccer, tennis, baseball (and more), Powbet's virtual sports offering is one of the best I have seen on any sports betting site.

Powbet Sports Tournaments

Another unique feature that Powbet offers is its tournaments. By placing bets on certain markets and winning, your ranking improves. If you fall within a top place, you earn money. This is a neat feature and something bettors from all markets will love.

Powbet Sports Coverage

One of the biggest factors when joining an online sports betting site is the sportsbook itself. If you don't have many betting opportunities or markets to wager on, joining said site will be useless. Thankfully, Powbet offers popular betting odds for the top sports, including American Football, Soccer, Basketball and Hockey.

Not finished there, Powbet also provides odds on other sports (including niche ones) such as Golf, eSports, Racing, Baseball and MMA.

Powbet Sports and Leagues

  • Powbet American Football: From NCAA action to the final play call of the NFL's Super Bowl, American Football is one of Powbet's most popular betting markets.
  • Powbet Soccer: All the top competitions are covered with Powbet, such as the Champions League and World Cup. You can also bet on over 50 different leagues from around the world, with 999+ betting options from leagues like the Premier League and Bundesliga.
  • Powbet Basketball: Canadian participation in basketball has surged thanks to the Toronto Raptors and sports bettors can find the latest lines from leagues such as the NBA, WNBA and NCAA. European markets are not forgotten either and you can also bet on international tournaments.
  • Powbet Hockey: Canada is crazy for their hockey and sportsbooks know this. Powbet offers odds on the NHL and NCAA. They provide the latest odds and markets for European leagues, as well as competitions like the Olympics and World Championships.

Powbet sponsorship deals

Powbet doesn’t have any sponsorship deals at the moment.

Powbet Betting Markets & Types of Bets Available

Now that you're aware of Powbet's popular sports, you'll need to become educated on what markets they provide users. As an online betting site, you want to ensure all of the popular markets that bettors love is able to be wagered on and Powbet certainly delivers in that category.

Powbet Betting Markets:

  • Powbet Moneyline: One of the most popular sports betting markets, taking the Moneyline means you are selecting the winner straight up. When people think of sports betting, Moneyline wagers are one of the most talked about markets.
  • Powbet In-Play: Bettors like to see the flow of the game before placing a bet and live-betting allows users to do so. Experienced bettors may be able to predict the outcome after play has begun, so they wait until the game has started before wagering.
  • Powbet Futures: Placed on bets that are settled at the end of the season (or competition), futures bets are a huge market for those that want to wager on tournament winners or award honors, like NFL Rookie of the Year or NBA MVP.
  • Powbet Totals: Also known as the over/under, you are wagering on a set number (like points/goals/runs). If you believe that there will be over 2.5 runs in the first three innings of an MLB game, you would bet the over. If you believe there will be 2 (or fewer) runs scored in the first three innings, you would take the under. This wager is popular in all sports.
  • Powbet Props: A favorite bet type for the bold, a prop bet refers to a statistical or unusual wager not directly impacting the outcome of the game. You can bet on simple ones like O/U catches for CeeDee Lamb to bets like how long the National Anthem will be at the Super Bowl. Prop bets are loved because the possibilities are seemingly endless.
  • Powbet Parlays: While parlays can offer the most profit, they are by far the riskiest bet you can make. The combination of 2 or more bets into a single wager means the payout could be exquisite, but one false move could ruin your entire wager.

How to place a bet 

You know about Powbet's sportsbook and the markets they offer. Now it's time to learn how to place a bet on site:

  • First, you need to select which sport you want to wager on.
  • From there, your next step will be to select the game (or competition) you are going to bet on.
  • Once that is singled out, selecting the specific betting market will be your next step.
  • With the market chosen, you will need to place the specific wager (eg. $10) on the bet you want to place.
  • Once that is entered, simply click 'Place Bet' and the wager will be placed!

Powbet mobile apps

There is no mobile app available for download on either iOS or Android. For an online betting site that joined the industry during a time when everyone has a phone in their pocket, I find it surprising there is no dedicated betting app. However, they offer a mobile site and I am in love with it! The response time is fast, providing a great mobile betting experience. Furthermore, their mobile site offers the same experience as if you were placing wagers on their desktop site, which is great. Despite not having a mobile app, their mobile site is a great alternative.

Mobile app’s promotions

There are no mobile app promotions offered by Powbet.

How to open an account on Powbet

It's necessary to have an easy signup process when providing a sportsbook. Nobody wants to trudge through a painful welcome experience just to wager on sports. The good news is that Powbet's process is easy, although it is a tad long. It's a four-step process that could easily be dwindled down to one step (which is longer) than having the process broken up into different categories. I found it interesting that players were prompted to select their welcome bonus before inputting any information. It's something I haven't seen before and I think it's a neat feature. Circling back, signing up is easy but it was one of the longer systems I've had to endure.

Steps to open an account on Powbet

  • Select which welcome bonus you'd like to apply. Users can select a casino, sportsbook, promo code, or no bonus when signing up.
  • From there, players will need to input their E-Mail, Country, Currency and Phone Number.
  • The next steps will be to create a username, as well as a password.
  • Finally, bettors will enter their First Name, Last Name, Birthdate, Gender, City, Postal Code and Address.

Once you have entered the above information and read and accepted the Terms and Conditions, you can officially sign up for Powbet.

Powbet Deposits and Withdrawals

Canadian sports bettors will not feel left out thanks to Powbet's insane number of banking options. For those looking to top up their account or collect winnings, the options are seemingly limitless which is a huge plus! With minimum deposit amounts ranging from $10 (Interac) to $30 (flexepin), deposit limits are low depending on the banking option you choose. As well, Powbet players wanting to claim their winnings will have the same options as their deposit methods. My only gripe is that for certain withdrawal methods (mostly crypto) there is no indication of the fee or processing time.

Deposit Methods:

  • Interac
  • Neosurf
  • ecoPayz
  • VISA
  • Mastercard
  • MuchBetter
  • MiFinity
  • CashtoCode
  • Flexepin
  • eZeeWallet
  • Jeton
  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple

Withdrawal Methods:

  • Interac
  • ecoPayz
  • Mastercard
  • MuchBetter
  • MiFinity
  • Bank Transfer
  • eZeeWallet
  • Jeton
  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple

Is Powbet legal in Canada?

Marketed toward Canadians, Powbet is legal in Canada.

Powbet is surrounded by trust as an online sportsbook. With the use of 128-SSL encryption, the personal data of users is safe. For a site that will host compromising information (like personal and financial data), it's important to have the best security measures possible.  Regulated in Curacao, there have been issues in the past but the regime is now holding itself to higher standards and regulations, which should help users' peace of mind.

Is Powbet Legal in Ontario?

According to reports, Powbet is still searching for a license in Ontario since they need approval from the Alcohol and Gaming Commission of Ontario (AGCO).

Powbet customer support

The standard for online betting sites is to offer live chat, a FAQ section and another support method (such as e-mail). Powbet provides all of the above with great response time. Their Live Chat option is available 24/7 and if you e-mail the support team, you can expect a response in roughly 45 minutes. Their FAQ section answers the 9 questions asked by Powbet users, so it isn't as in-depth as other sportsbooks. Still, it makes sense to a degree as those would be the most frequent questions. If you require further assistance, you contact their support through live chat or e-mail. All methods seem viable if users have any questions during their time using Powbet.

Frequently asked questions about Powbet

Since Powbet is a new site, how safe is it?

Powbet is 100% safe for all of your personal and financial data. They use 128-SSL encryption to protect their users.

Is there Live-Streaming on Powbet?

Powbet does not currently offer live streaming for their sportsbook.

What is the minimum deposit you can make?

You can play on Powbet for as little as $10 CAD.

Powbet Conclusions

Users looking for a reliable sportsbook that offers popular betting, amazing promotions and quality customer service can join Powbet and never look back. Their dedication to the craft is immediately noticeable and it's no surprise that they are popular, despite being a new bookmaker. You can't go wrong with Powbet and its online site. I love the sports selections and they cover the popular betting markets as well. Powbet provides a great product and is one sports bettors should definitely consider.