MyBookie review: Is it scam? Is it legal? Warning: Blacklisted
MyBookie Promo Code
MyBookie’s online sportsbook has been around since 2014 and is one of the biggest operators out there. It’s gone on to offer sports and online casino gaming through its gambling licence from Curacao in the Netherlands Antilles’.
One thing to address in our MyBookie sportsbook and casino reviews is whether we can consider MyBookie legit, safe, and trustworthy for your sports betting requirements and how it compares to other online sportsbooks. This is a company that’s long been dogged by issues over its founders and the initial setup – with alleged ties to the now-defunct site BetOnSports, who went out of business with money troubles, a terrible reputation, arrested founders, and players losing millions on the site. The sportsbook has downplayed these historical links, but it’s a sports betting site with problems all of its own – something these MyBookie reviews will go into later.
In our MyBookie sportsbook and casino reviews, we’ll dig deep into the MyBookie betting site and the sports betting options on offer, take a detailed look at what they do and how they do it in our MyBookie review, and give you our unbiased set of MyBookie reviews – the good, the bad, the whole nine yards. We’ll look at their latest sports betting bonus offer, what their bonuses are like, whether you’ll need MyBookie bonus codes or a MyBookie promotion code, how good the MyBookie customer service provision is in terms of overall customer support, their payment methods, and so much more – all you need to do is read on for the full MyBookie review to see how they compare to other online gambling sites!
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MyBookie: Pros & Cons
- Reasonable bonuses across sports – with a great low rollover smaller bonus
- Well-designed modern looking site with intuitive layout
- Good US-facing sportsbook
- Not enough licensing information
- Issues with reliability and payment issues
For its welcome bonus deals, our MyBookie reviews rating is good, with the site offering a 50% sports initial deposit match up to $1,000, 10% first deposit match up to $200 for those wanting a smaller bonus with lower rollover, and 150% first online casino deposit match up to $750 – with them all needing MyBookie bonus codes or MyBookie promotion code.
The sports welcome bonus matches half your first deposit, credited as free play, up to a maximum of $1,000, with a minimum deposit of $45 and a reasonable 10x rollover for those who enjoy betting on sports. You’ll need to use the MyBookie promotion code MYB50 here. But be warned, when you do use those MyBookie bonus codes or MyBookie promotion code to get your free plays, you’re limited to maximum odds of 200/1 with a maximum win amount of $500 on one single team. So don’t be expecting those MyBookie bonus codes to pay huge.
If you want a smaller bonus with excellent wagering requirements, MyBookie’s sign-up cash bonus, using MyBookie promotion code 200CASH, is for you – 10% of initial deposit credited to your account up to a maximum of $200, with minimum $45 deposit, but just a 1x rollover attached.
Finally, the Casino welcome bonus is a 150% first deposit match, a maximum welcome bonus of $750 from a $45 minimum deposit. There’s 40x rollover attached and you use the MyBookie promotion code MYB150. Once you’ve used the MyBookie bonus codes to receive your welcome bonus, this online casino bonus expires 2 weeks after it’s credited – making the welcome bonus the least useful in our opinion.
Overall, the bonus offers here work well for us in the MyBookie reviews. And extra bonuses, once you’ve used the new customer deals, include a 25% sports reload up to $500, 8% horse rebate for horse racing enthusiasts, 250% referral bonus, and plenty of extra online casino bonuses – check out the t&cs for details and any MyBookie bonus codes or MyBookie promotion code needed.
MyBookie’s look is clean and modern, black text on a stark white background looks good and sharp on their site. On the more graphic-based casino pages, things look excellent, lots of space, everything laid out well for a good, intuitive betting on sports experience. But on the sportsbook pages, things aren’t as good, with too much going on, a cramped feel, too much text. It’s a good looking site for sure, but the sportsbook should have taken a few design cues from the casino section. However, with that one bad aspect of a cluttered sportsbook aside, the actual site is very well laid out with an intuitive design that’s well-executed.
There’s, unfortunately, no dedicated mobile app with MyBookie, but the mobile site is pretty good as well.
Now, the really serious issue with payments we saw again and again in our MyBookie reviews research is one of multiple reports of missed payments, huge delays to withdrawals, customer services being reported as profoundly unhelpful, and even players being limited or banned when complaining. It all makes us wary of MyBookie.
MyBookie’s payment options and deposit methods are limited, with the sportsbook doing everything it can to push players towards cryptocurrency payments – presumably to counter the risk of US financial institutions that may crackdown on deposits and withdrawals to offshore wagering platforms, as well as deposits and withdrawals from offshore betting sites.
Once you’ve signed up and entered the MyBookie bonus codes for your bonuses, deposits are allowed from Visa, MasterCard, Bitcoin, Bitcoin Cash, Litecoin, Moneygram. Cards must accept international transactions and there’s a big 5% card fee involved.
We also didn’t like the limits on depositing, with a maximum $2,500 card deposit per deposit, but just two daily and three weekly deposits allowed. Bitcoin, Bitcoin Cash, Litecoin have $20 minimum with no maximum. Moneygram has $100 minimum, $500 maximum.
For withdrawals, crypto takes two business days and has no fee. E-Check withdrawals take 7-10 business days, fees $5-$40. Bank wire takes 5-7 business days and bank wire costs $75-$160. Only one withdrawal is allowed per method and per calendar week. To make things worse, the minimum cash out is $100 (Bitcoin $25) and you have to roll your deposit over 1x before you can cash out. And finally, MyBookie only processes withdrawals during banking hours – Mon through Friday.
On the face of it, the customer service we found in our MyBookie reviews is all we could ask for – 24/7 live chat, toll-free phone and messaging service. When we tested the service, all was fine, with quick replies and informed representatives - especially on live chat. Alongside their responsiveness on live chat, their help pages are pretty impressive, with well-organised pages covering plenty of subjects.
But we’re fortunate it seems, in that we haven’t had any problems with payment processing or claiming large wins. Because we’ve seen reports, in researching these MyBookie reviews, of the customer service here causing lots of troubles for players with difficulties getting a withdrawal or querying payments and we’d be failing you if we didn’t call attention to the large numbers of complaints against this site -despite their responsiveness on live chat to queries from customers.
When it comes to licencing at MyBookie, we found very little information - MyBookie is one of the most vague sites when it comes to laws and licencing. They say that they are ‘controlled, operated and administered entirely within Netherlands Antilles’, that use of the site is ‘governed by Netherlands Antillean law’, and that they are ‘legally licensed by the Government & Laws of Curacao in the Netherlands Antilles.’
However, a Curacao license is nowhere near the level of the licencing and regulatory body of something such as the UK Gambling Commission. There are also questions regarding MyBookie being an offshore site that accepts US players. It’s not subject to US laws covering sports betting sites so unlike US-based casinos there’s no state licence required. Hence the MyBookie.ag domain name, as US authorities have been actively pursuing wagering sites used by US players with the .com domain – it’s why you see other US-focused bookmakers, some of them blacklisted by us – such as those seen in our Betonline review, Intertops review, and gtbets review, who use the .ag or the .eu domain rather than the .com domain.
All of that throws up issues of just how you hold this operator to task when things go wrong – something plenty of people have reported in various complaints against MyBookie.
We feel this just adds to our decision to blacklist MyBookie, along with sites found in our 10bet review, Betclic review, or the likes of Bodog and Bovada – the difficulties of licensing can bring players trouble. For example, look at another previously blacklisted bookie, Bethard – and see our Bethard review – they’re exiting the UK market because regulations are too tight – and there’s no certainty of what will happen to UK players looking to withdraw their funds after the company’s exit – it all goes to show that licensing matters.
MyBookie runs the My Free Bet Rewards Program that’s very simple; place a $5+ sports wager, collect a star, get 10 stars for a free wager. The free wager you get will be 10% of the average value of the 10 wagers placed. It’s very simple, and not the worst rewards scheme we’ve ever seen.
There’s also the Bookie Points Rewards Program to opt into, where you earn points for sportsbook bets of $10+. You get 1 point for a straight wager, with $10 free play redeemable for 110 points, $50 free play for 550 points.
MyBookie is another one of those bookmakers that do just fine. Their sportsbook is good for US sports, their casino is fair and as for bonuses, we’d say get those MyBookie bonus codes and look at the sports bonuses, as the casino bonus is too restrictive.
But the big problem here isn’t those small issues over MyBookie, it’s that there are limited payment methods with far too many restrictions and fees, poor licensing in place, a swiftness to limit players, changing players odds lines in the sportsbook, and that all builds to mean that we really have to consider MyBookie as a blacklisted online betting site for the time being. Want to check out the licensing and security of other major players in the betting market? Take a look at our “Is Novibet reliable?” and “Is STSbet safe?” reviews.
MyBookie Reviews FAQ
📞What are the MyBookie contact options?
The best bookmakers take their customer service obligations extremely seriously. Therefore, it is important to make sure that your betting provider has an adequate customer service team. Without it, you’ll struggle to rectify issues. Our bookmaker reviews at Betting.co.uk will outline precisely what each bookie’s customer service is like and how to go about contacting them.
📉Is MyBookie licensed and regulated?
It is our duty at Betting.co.uk to bring you top online bookmakers that hold valid gambling licenses. Without licenses, bookies are not subjected to regulatory oversight. This leaves room for bookies to manipulate customers. In our bookmaker reviews we provide you with an outline of each bookie’s licensing and security situation.
🎥Does MyBookie have live streaming?
Online betting has evolved tremendously over the last two decades. Live streaming has become a fast-growing service that has been adopted by many of the top bookmakers. In conjunction with live betting options, these features elevate any betting experience. To find out if MyBookie offers live streaming, head over the the MyBookie review at Betting.co.uk.