Bovada Sportsbook Rating, Review & Payouts - April 2024

When Bovada Sportsbook was initially launched in December 2011, Calvin Ayre, the eccentric billionaire founder of the company, never believed the online sports betting site would be quite as successful as it is today. Eight years on, Bovada still has “never missed a payout”, an impressive feat to say the least. Find out all the details in this descriptive Bovada Sportsbook review.

Although most US punters will overlook Bovada as a pinnacle sportsbook, we will be dissecting the site from top to bottom. Sure, there’s quite a few drawbacks to the sports betting product. But on the flip side of it, there are some perks of betting at Bovada.

Bovada Sportsbook Review: An Introduction

One of the most noteworthy parts about Bovada Sportsbook is the attention towards cryptocurrency users. If you’re a Bitcoin player in the US, this is quite possibly the place to check out. Much like their casino product, Bovada offers more perks for cryptocurrency customers who wish to bet on sports.

Is Bovada Safe?

First and foremost, let’s sum up one of the most highlighted questions about Bovada, ‘are they legit?’

This concern has arisen many times as Bovada caters the US gambling market. Figuratively speaking, it is illegal to run a business in the US that accepts bets or involved processing online gambling payments. However, Bovada is not actually based in the USA. Therefore, Americans who place bets through Bovada are not breaking any laws.

To put to bed any other concerns players may have, Bovada is fully licensed as well. The Propriety-powered online sportsbook is licensed by the Kahnawake Gaming Commission. And, they have an operational SSL encryption system running the site’s protection. This guarantees players personal data and banking information is kept secure.

Bovada Sportsbook Review: What Bonuses can you Expect?

One of the strong forts of Bovada Sportsbook is the ‘easy to claim’ bonuses and promotions. Starting off, we take a look at the Welcome Bonus for newbies.

Bovada Sportsbook Welcome Bonus

If you’re based in the US, not familiar with Bovada and want to join an online sportsbook site offering many perks, we’ve found you the perfect match!

Bovada allows rookies to hit the ground running with a 50% bonus up to $250. This perk can be used only once but goes all the way up to a maximum value of $750. Hence, if you put $500 on your first deposit, you’ll receive $750.

As mentioned before, Bitcoin users receive better gifts than others. In specific, Bitcoin newcomers will be able to claim a 75% bonus up to $750. Unlike standard depositing newbies, the Bitcoin bonus requires a code: BTCSWB750.

What makes Bovada Sportsbook offer way more attractive is written in the ‘fine print’. In both cases, the rollover for the welcome bonus is only 5X. That is far less than other online casinos, especially in the States.

Bovada Sportsbook Refer a Friend

Aside from the welcome package, Bovada offers another bonus. Existing players can profit from a fantastic 200% up to $100 for a successful referral. Long story short, whatever your friend deposits, you’ll be rewarded with. That’s quite a lot, compared with other online casinos in the States. Generally, the referral bonuses are only 50%. As Bovada Sportsbook say themselves, ‘It Pays to be Social.’

Bovada Sportsbook Review: Sports Betting Games

Setting the bonuses to one side for a minute, what else is it that you look for in a sports betting site?

More often than not, the answer will be the games which you can bet on! Well, at Bovada Sportsbook, that will be the least of your worries.

Not only does Bovada offer bets on everyone’s favorites – baseball, basketball, hockey and football – but they also take on much more. Soccer, golf, UFC all spring to mind.

Aside from that, Bovada offers novelty bets for customers. With that, players can place wagers on life on Mars, the Kardashians and other celebrity bets.

It has been quite well documented that Bovada’s online sportsbook selection gives better odds than other firms, especially to the underdogs. The online casino covers the US sports to a tee but lacks in other countries. Mind you, that’s fully understandable considering their primary target is the US market.

Is there a Jackpot at Bovada Sportsbook?

As far as the sportsbook goes, unfortunately, there’s no jackpot available at Bovada. The sports betting product is primarily dedicated to accepting wagers on various sports, esports, entertainment and politics.

However, if you check out the Bovada Casino product, you’ll find quite a few of the best progressive slot machines.

Reward Points

As for the sportsbook, players can try out the point system for regular customers to win Bovada prizes. Here’s how it works:

• Players earn Reward Points based on anytime they place a wager. These points can be cashed in for real money at any given time.
• At the same time, there is a ladder for these Reward Points. The higher a player climbs on this ladder, the bigger cash back percentages they can recover from their losses.
• Last but not least, there’s Tier Points. These are earned whilst playing. They’re not like Reward Points, instead, they act as a tracking program. Regular players progress from a tier level to a higher tier. The higher you go; the better rewards and prizes are up for grabs.

So, what kind of bets can you place to win this cash?

Let’s say you’re only betting a dollar. The list below shows how many Reward Points you can earn:

• Singles: 3 Points
• Teasers: 15 Points
• Round Robin: 25 Points
• Parlays: 25 Points
• Racebook Straight Wager: 40 Points
• Racebook Exotics/Multiples: 60 Points

Although there’s no jackpot at Bovada Sportsbook, this point system is another way of playing to win big prizes.

What Payment Methods can I use at Bovada Sportsbook?

It’s high time this Bovada Sportsbook review looks into the banking methods which are available for customers.

First things first, players are required to be over 18 years of age. Bovada Sportsbook operates in US, Mexico and Brazil so if you’re not located there, that’s just tough luck.

Depositing

The online casino accepts Bitcoin, Bitcoin Cash, MasterCard, Visa, American Express, Union Pay, Zelle and vouchers for depositing. Unfortunately, deposits are charged with a 5% fee.

Withdrawal

In case of withdrawing, the options available are Bitcoin, Bitcoin Cash and Check by Courier. This is quite a downfall for the online casino, as they truly lack many popular banking systems.

The currencies available at Bovada Sportsbook are the USD and Bitcoin.

Bovada Casino Review: Overall

To sum up, Bovada Sportsbook is a genuinely popular online casino in the US but fall short when it comes to banking. The welcome package and referral bonuses are quite rewarding, when compared with other US online sportsbook sites.

However, if you’re looking for online gambling sites with TOTO jackpots, you can find our complete list here at JackpotFinder.