Bovada vs BetOnline – In-Depth Comparison 2024

By

Alan Kendall

Alan Kendall Sports Editor

Alan Kendall joined Basketball Insiders in January, 2023 with over fifteen years of experience writing about online sports betting. He is an experienced writer with a strong interest in the NBA, NFL, NHL and UFC. Alan brings a wealth of knowledge to every piece he contributes to and has written for many publications including Augusta Free Press and The Sports Daily.

All posts by Alan Kendall

Sports Editor

Updated 17 Nov 2023

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Bovada vs BetOnline is one of the biggest heavy-weight clashes in the online sports betting industry. We’re here to pit these big-name sportsbook operators against each other, comparing their attributes and qualities. Along with comparing betting features, we also look at what experience is available to bettors in terms of mobile device compatibility, new and existing customer promotions and player support among other topics.

Read on to discover more about each offshore sportsbook brand and see how Bovada stacks up against one of its biggest competitors BetOnline.

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Bovada vs BetOnline Review Summary

This review looks in-depth at online betting services from two of the biggest service providers in the world. Both brands are known for being on top of their game when it comes to serving sports fans and bettors from multiple jurisdictions.

In addition to providing a multitude of perks and benefits such as new and existing bettor promotions, each site offers universal betting opportunities without borders that are unrivaled, for flexible wagering on an array of sports and leagues. What’s more, the lines and odds are extremely competitive, which stands you in good stead for landing some lucrative returns on your bets.

Let’s start the ball rolling by looking at what exactly each brand is and what it stands for.

What are Bovada & BetOnline?

Bovada and BetOnline are two long-established online sportsbook operators that are based offshore. They both provide licensed and secure wagering without borders or local regulation. Therefore, instead of being situated in one US state and requiring individual licenses from local authorities, the operators hold a single license for all jurisdictions so that any US resident can access and wager at these sites.

In addition to providing sports betting services, the platforms also offer the chance to play online casino games and bet on horses in a dedicated racebook. You can also benefit from a whole host of bonuses and promotions across all available products from day one of your membership. Take a look at our operator bonus comparison below.

Bovada vs BetOnline Welcome Bonuses

New bettors can pick up a welcome bonus as part of a sign-up offer at both online sportsbooks. This initial bonus is a promotion that is mutually beneficial for both the operator and customer in terms of attracting new customers while giving bettors free bonus funds to wager with. It’s great to see that both sites have generous bonuses available, with options for crypto and traditional payments.

Bovada offers a 50% welcome bonus up to $250 or a 75% crypto match deposit bonus up to $750 with Bovada bonus code BTCSWB750.

Likewise, BetOnline is currently offering a 50% bonus up to $1000 with BetOnline promo code INSIDERS or a 100% crypto match bonus up to $1000 with code CRYPTO100.

Compare Bovada vs BetOnline offers side-by-side using the table below and see how the sign-up bonuses stack-up when looking at the finer details such as minimum odds.

Existing Bettor Promos

The sports betting industry is heavily focused on sign-up bonuses for new customers, especially as sportsbook operators look to attract new bettors. However, existing customer promotions tell us a lot about the sportsbook and how it treats its customers long-term, which is why we look beyond the welcome bonus to see what else is on offer. Here we can get a good idea of how valued every bettor is throughout the lifetime of their account.

BetOnline is a brand that stands out for existing bettor sportsbook promotions due to its rewarding reload bonus on every single deposit you make. Use code LIFEBONUS to boost your deposits by 25% up to $250.

On the other hand, Bovada opts for a loyalty reward program where bettors can earn points for wagers and redeem them for cash starting at a rate of 2500 points for $1. The program is tiered and allows you to progress through six ranks from ‘Starter’ through to ‘Pro’ and finishing in the ‘Hall of Fame’ tier.

VIP & Loyalty Schemes

VIP and loyalty schemes are a great way to get advanced perks and benefits that are a level above the average sportsbook promotion. If you’re a keen bettor and wager on sports regularly, you’ll be able to take advantage of rewards and bonuses that can not only extend your betting duration, but allow you to top up your bankroll with additional funds frequently.

Unfortunately BetOnline does not have a VIP program available, so the brand drops points in this respect. It also lacks a loyalty scheme to collect points and redeem prizes. Therefore, any rewards for loyalty come in the form of reload bonuses on every deposit you make.

However, Bovada has both a loyalty scheme and a VIP program. The loyalty scheme rewards you for betting on sports (along with poker and casino). For every $1 bet on sports, you can earn between 2-60 points ranging from single wagers on football through to horse racing multiples. The invite-only VIP program, known as the Bovada Red Room, delivers a prestige experience including giveaways, deposit and withdrawal benefits, lower rollover requirements and enhanced bonuses.

Bovada vs BetOnline Available Sports

The selection of sports to bet on at Bovada and BetOnline throughout the year is extensive. Bettors that are looking for both quality and quantity will be pleased with what’s on offer at each site – putting them neck-and-neck in this area. Each brand covers games, events and tournaments during pre-season, regular season and off-peak periods.

There are over twenty-five different sports to choose from overall, from within the USA and around the world.

At BetOnline, the major sports available are baseball, basketball, football, hockey, golf, martial arts, soccer and tennis. Followed by an ‘Other Sports’ category for minor and niche sports such as boxing, darts, snooker and wrestling.

At the center of the Bovada sportsbook are major sports NBA basketball, hockey, baseball, soccer, tennis, NFL football and MMA. Although there is an additional menu for trending events based on what is hot at the moment. To view additional or minor sports, bettors can use the A-Z expanding menu, where they’ll find things like virtual sports, rugby, cricket and curling.

Live Betting & Streaming

One of the core focal points in our Bovada vs BetOnline comparison is the live betting options including streaming facilities. In modern online betting, this is a crucial feature for any major sportsbook that is wishing to be considered as a leading operator in the industry. Therefore, it’s imperative for a platform to be judged not just on the presence of the facility itself, but the features and tools available within.

It’s fair to say that both platforms are impressive, with excellent live betting features available, allowing you to keep up with the action through built-in stats and analytics. Odds are constantly updated during live sporting events so that you can always get the best available odds for wagering.

On the live streaming front, it is BetOnline that edges it over its biggest competitor due to its availability and smooth streams. However, overall, Bovada beats BetOnline by a whisker in live betting due to its variety of props and impressive interface with tools such as game tracker, heatmap, head-to-head, stats and standings.

Odds

As two of the biggest names in sports betting, it’s no surprise to us that the odds available at both Bovada and BetOnline are strong and very competitive compared to other brands on the market, particularly locally regulated operators. These dedicated online sportsbooks with lower overheads are able to offer greater value in their odds. Ultimately, offering more returns on your successful wagers.

During our review, we found that Bovada was the overall winner in the live odds department, offering slightly more returns on the majority of moneyline wagers, particularly US sports including hockey, baseball and basketball. However, BetOnline does provide a slightly more favorable margin on all pre-game odds for moneyline, point spread and totals markets – returning more profit per $100 stake. Therefore, depending on the type of bets you are looking to place, be it live and in-play or before a game starts, you will find good value in the available odds at each site.

To put this odds comparison into perspective, we drew the example of comparing pre-game odds across two major sports at Bovada and BetOnline. First we took an NHL game between Montreal Canadiens vs Florida Panthers, where the underdog was priced at +275 at Bovada and +290 at BetOnline. Second, we took an NBA match-up between the Denver Nuggets and Detroit Pistons, where the underdog odds were +625 at Bovada and +660 at BetOnline, returning more potential profit from the latter on both accounts.

Bovada vs BetOnline User Experience

The more user-friendly a website is, the better the overall user experience is both short-term and long-term. In this Bovada vs BetOnline contest, we put each operator through its paces from initial registration and making deposits, to browsing sports and placing bets.

Although a satisfactory user experience is on offer from each site, BetOnline is the brand that edges the scoring for user experience due to the intuitive navigation menu on the left and product menu at the top. This makes browsing different sports a breeze, particularly if you’re new to betting, along with being able to clearly switch between general betting lines, props and futures markets.

Additionally, unlike Bovada, BetOnline does not automatically display live betting lines when you click on a sport. Doing so can be somewhat annoying and hinder the experience, as we believe all live betting lines should be listed on a separate category or interface. Something that BetOnline accomplishes nicely.

Mobile App

Bovada and BetOnline both have functional mobile betting sites available for bettors to use via mobile devices. The sites work seamlessly on any device with any operating system, including iOS and Android.

While there is no dedicated mobile app to download, each mobile browser app is fast to load and comes with handy mobile tools such as collapsible betting lines, pop-out menus and quick-links. Ultimately, the BetOnline app is slightly easier to use and the navigation menus are more efficient when it comes to finding your way around sports and odds.

Bovada vs BetOnline Payments & Withdrawals

This segment is one of the most important to bettors all over the world as it can make or break a betting experience. The efficiency of processing deposits in your preferred currency is crucial to being able to add funds to your account so you can wager on the sports you love.

Both Bovada and BetOnline make this process as easy as possible with convenient deposit methods available, including crypto and traditional options. Deposits are instant for traditional methods, with minimum amounts set at $20 for Bovada and $25 for BetOnline. Crypto deposits are also instant but may take up to 15 minutes to process, with lower limits of just $10 at Bovada and $20 at BetOnline – though BetOnline does offer much higher maximum limits.

On the withdrawal side, two key elements to look for are the ease in which you can cash-out, and how long it takes for you to collect your winnings. BetOnline is the winner here as the site offers payouts up to 24 hours compared with Bovada’s 48 hours, and more methods for initiating a withdrawal, such as Dogecoin and Ripple. See the table below for key facts and differences.

Customer Service

One of the most overlooked categories of any sportsbook operator review is the customer service. Often people don’t think about it until they need it. But we are here to bring to the forefront the attention it deserves. A robust customer service facility and multiple channels of support can really set one sportsbook above the rest.

With that said, BetOnline is head and shoulders above Bovada on the player support front due to the fact that it offers multiple, convenient methods to get in touch with fast response times. These methods are all readily available from the ‘Need Help?’ section of the platform. In light of this, we feel that the operator encourages customers to get in touch more so than Bovada, which comes across as funneling players towards the FAQs and community forum first and foremost.

However, both sportsbooks provide multiple channels of support, with live chat at the heart of each operator available 24/7. This is a huge benefit when comparing these brands with others on the market. But for the sake of this Bovada vs BetOnline comparison, then it is BetOnline that edges the vote with faster response times and a conveniently available telephone number for phone support.

Bovada vs BetOnline Safety & Regulation

The safety, security and regulation credentials of sportsbook sites like Bovada and BetOnline are often taken for granted. Here, we place great emphasis on these elements as the fundamental foundations of the brands that are available on this site, as we believe it helps create a better and sustainable relationship between the operator and customer, particularly where long-term satisfaction is concerned.

Both Bovada and BetOnline are fully licensed for legal and fair betting and regulated by the authorities where they are situated. These offshore-based sportsbooks are able to provide flexible wagering on sports provided you are aged 18 or over.

Additionally, each platform runs on SSL secure servers with encryption and verifiable, valid security certificates. This reinforces the high-quality and trustworthiness of each brand with bettors having complete peace of mind that their data is being handled and stored securely.

More of our Sportsbooks Comparisons …

Discover more of our Sportsbooks Comparisons with our comprehensive sports betting guides below:

• BetUS vs Bovada Comparison
• BetUS vs MyBookie Comparison
• BetUS vs BetOnline Comparison
• Bovada vs MyBookie Comparison
• Bovada vs Ignition Comparison

Bovada vs BetOnline – The Verdict

As we look to conclude this Bovada vs BetOnline comparison, it’s fair to say that this is one of the closest contests and most difficult comparisons to make when separating two top-tier sportsbook brands.

After reviewing both sites in great detail and looking at all the facts and elements of each platform, including the available sports and odds, it is BetOnline that takes our overall accolade. This is in part due to the fact that, regardless of the region or state that you live, you will not require a VPN in order to access the site. Unfortunately, this is the case for Bovada in specific jurisdictions.

Additionally, although the betting markets, lines and odds are very closely contested, BetOnline scores higher on the overall experience of placing wagers with some unique tools and features available too.

Another notable advantage BetOnline holds over Bovada is the unlimited reload bonuses available on every deposit you make for the lifetime of your account. This puts you in complete control over the amount of bonus funds you want to receive relative to your deposits.

Furthermore, the 50% match deposit promotion up to $1000 upon sign-up at BetOnline with code INSIDERS is an attractive and generous offer that gets your sports wagering journey off to a flying start.

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