Bovada Review Summary

Bovada has been a part of the offshore online betting industry for nearly two decades (including the time as Bodog).

They offer a full-service sportsbook and are the only sportsbook online that is exclusive to US residents. In addition to their sportsbook, they have an online casino powered by Real Time Gaming (RTG).

It’s important to note that Bovada does not accept new accounts from players in some states due to the uncertain legal landscape of iGaming in those jurisdictions. These states include Delaware, Maryland, Nevada, New York, Pennsylvania, and New Jersey. However, if you have previously made accounts in these states you can still use them.

Take A Virtual Tour Of Bovada.lv

History as Bodog

Bodog was just one of the many online sportsbooks in the US market but became a much bigger player after the passage of the UIGEA in 2006. Many operators left because of fear of US prosecution, but founder Calvin Ayre and his company decided to stick around.

With other competitors gone, Bodog ascended to become a top option worldwide for sports bettors, and especially in the United States and Canada. In 2007, Ayre decided to sell off his North American business to focus on European and the newly emerging Asian betting markets.

Ayre sold his North American arm to the Mohawk Morris Gaming Group (MMGG), a company based in Canadian Indian Territory. The group still owns Bovada today.

This also marked the beginning of the Bodog Brand, which spawned many gaming sites such as Bodog88, Bodog UK, and Bodog Europe.

There were also several non-gaming sites launched such as Bodog Fight and Bodog Music. Most of these brands have closed up shop. Only Bodog.eu, which services Europe and Canada, and Bodog88 (Bodog Asia) remain.

In 2011, a rough year for online gamblers in the United States, Bodog remained relatively unscathed. However, the international brand wanted to separate itself from unregulated US traffic. In December 2011, Bodog rebranded as Bovada.

They offer their services only to American online sports bettors. Canadians moved to Bodog.eu.

Fast-forward to 2014, and Bovada is one of the most respected brands in online gaming. As well as, one of the top sites in the US betting markets.

What We Like About Bovada For Online Betting

What We Don’t Like about Bovada Sportsbook

Bovada Users’ Opinions and Experience

Bovada vs BetUS vs MyBookie

There are plenty of online sportsbooks out there, but not many with a reputation as good as Bovada’s.

If you still want to find a better alternative, check our article where we recommend similar sites like Bovada.

Is Bovada Legit for US Players?

Yes, Bovada is safe for US players. They have been in the online gambling industry for more than two decades.

As you read in our complete Bovada review, they are not perfect and do have few minor flaws, but when it comes to the best online betting sites for US players there is nobody above them.

• They pay players on time.
• Their support is fast, friendly, and helpful.
• Bovada offers more than 150 casino games plus tons of sports betting markets.
• They have live betting, props, straight bets, parlays, and more to satisfy every sports enthusiast.
• Bovada is mobile-friendly for both their sports betting and casino.

Bovada is legit and we highly recommend its sportsbook to every sports fan for betting online.

Bovada Deposits and Payout Review

Bovada Deposit Methods

Deposit options for bettors are smaller than other sites. Bovada offers players credit cards and Bitcoin as deposit methods. Accepted credit cards include VISA, Visa Gift Cards, and MasterCard.

Bovada.lv has added extra security to accounts to protect players from fraud. Each user will create a 4-digit PIN when they sign up, which they will use for account changes and must be entered before making a withdrawal.

Bitcoin

Both Bitcoin and Bitcoin Cash are available as deposit methods and the ones we recommend over other methods. There are no fees on deposits and withdrawals and payouts are extremely fast compared to other cashier options.

Credit Cards

There are several credit cards and debit cards you can use to deposit into Bovada. Visa, MasterCard, and American Express are all accepted.

Card deposits will come with a 5.9 percent minimum fee. It isn’t worth paying such high fees when you can deposit with zero fees using Bitcoin.

Deposit Method	Limits	Speed
Bitcoin	Min: $10 Max: $5,000	2-4 Hrs	Bet Now
Bitcoin Cash	Min: $10 Max: $5,000	2-4 Hrs	BET NOW
VISA	Min: $20 Max: $1,500	1-15 Min	BET NOW
MasterCard	Min: $20 Max: $1,500	1-15 Min	BET NOW

Bovada Withdrawal Methods

Bovada shines with their payout speeds, which have led the offshore betting industry for years. Being paid when you win is more important than any bonus or odds difference. They are a shining example in the industry of how to do it right.

Checks

Processed checks take about a week in most cases, despite their given timeframe of 5-10 days. Requested checks have a limit of up to $3,000 and have a minimum amount of $50.

Bitcoin Payouts and Deposits

We highly recommend Bitcoin. The cryptocurrency does not come with any fees. Deposits and payouts are also processed much faster than other methods.

Funds are sent within 24 hours after requesting a payout. Player accounts are credited with the deposits within a matter of minutes. Customers can request up to $9,500 per payout when withdrawing with Bitcoin. Bovada also accepts Bitcoin Cash.

New Banking Method At Bovada: Vouchers

Bovada.lv is implementing and testing out a new banking method using Vouchers. The main use of these vouchers is for players to transfer funds among themselves.

It is not your traditional payout method, as you don’t receive the cash, but a code you can share with others. The purpose behind this concept is so that players can transfer money between friends or other members of Bovada.

Members simply need to make a withdrawal using the Voucher option, and they will receive a code in the email attached to their account.

That code will allow others to make a voucher deposit and receive those funds. Here are a few details everyone should know about the Voucher:

• Bonuses cannot be redeemed with Voucher Deposits.
• Min withdrawal/deposit is $10 and max is $3,000.
• Unclaimed voucher codes will expire after 6 months; funds are also lost.
• The withdrawer can re-deposit the funds with the code they receive.

Bovada Payout Option	Limits	Speed	Fees
Bitcoin	Min: $10 Max: No Limit ($9,500 Increments)	15 minutes	FREE
Bitcoin Cash	Min: $10 Max: No Limit ($9,500 Increments)	15 minutes	FREE
Check By Courier	Min: $100 Max: $3,000	5-10 Days	$50-3%

Bovada Bonuses For Online Betting

Freeplay Bonus

The Bovada sportsbook offers an exclusive 50% Up To $250 Freeplay Welcome Bonus for new players on their first deposit.

The promotion can only be used once per account. There is no bonus code needed for this account. When a new player makes their first deposit, the bonus will be credited automatically within 30 minutes of their deposit.

The bonus comes with a 5x rollover. If used in the racebook, the rollover is also 5x. However, casino play will require a 30x rollover.

Rollover is determined by the lesser of your risk or win amount when the wager is settled. If a withdrawal is made before the bonus terms are met, then all bonus funds are forfeited, along with any money earned wagering with freeplay funds.

Bovada Rewards Program

Bovada has one of the best rewards programs online for sports bettors. Few sites even offer reward programs and VIP programs to players these days, and many that do, still don’t provide real value for players.

This is not the case at Bovada, where you will earn Reward Points for all your real-money gambling that can be exchanged for bonuses and other rewards.

$750 Bovada Bitcoin Bonus

Bovada also has a 75% Match up to $750 on your first Bitcoin deposit that you make to your account. However, you do have to enter a bonus code for the bonus to be credited.

The Bovada bitcoin bonus code is BTCSWB750. Like the Welcome Bonus, it comes with a 5x rollover. This is one of the lowest rollovers you will find at any online sportsbook.

Take advantage of the Free Cash or Bitcoin bonus when you sign up at Bovada and start placing your bets using the websites money.

Need detailed info about Bovada’s promo codes and bonuses? Check out Bovada’s best promotions and codes!

Still don’t understand rollover requirements? Read our betting sites bonus rollover guide.

Bovada Sportsbook Highlights

North American Focus, But Other Markets Available

Bovada is only for US citizens, but players wouldn’t know it by their odds selection. Their largest number of markets will focus on the main US sports, such as the NFL, NBA, MLB, and NHL, along with college basketball and football, but they have odds on dozens of leagues around the world.

There are loads of futures and propositions on European soccer leagues, cricket, and loads of other sports.

Rugby, cricket, darts, racing, horse racing, cycling, mixed martial arts, and more are available in some form. Betting options for most sports include teasers, parlays, if-bets, and reverses.

They allow a fair bit of customization on their teasers, but aren’t quite on the level of other sportsbooks when it comes to markets and bet customization.

Recreational Wagering Limits

As mentioned above, Bovada is a sportsbook that markets itself to recreational bettors. Bettors who want to wager thousands of dollars per game and not get themselves limited if they begin to win will have to look elsewhere.

The sportsbook is conservative when it comes to betting limits. The largest wagers they will take on the NFL and NCAA are $5,000 on sides and $1,000 on totals, parlays, and teasers.

NBA spreads have a maximum bet of $1,000, and NBA moneylines and totals have a maximum of $500. NCAA spreads and totals both have a max of $500.

More important, Bovada posts their lines much slower than other US-facing sites and most other sportsbooks. When you’re betting big money, getting the best price is paramount and that usually means getting a jump on early lines.

Bovada doesn’t even offer overnight lines on MLB, the NBA, and college basketball. Their NFL lines don’t go live until 6 pm on Monday evenings for the next week.

This is 24 hours after other sportsbooks release their lines for the coming week. When the market has undergone major adjustments.

Underdog Odds

Even without the early jump on the lines and the dual pricing issue, Bovada offers some excellent value on underdogs because they shade their lines toward heavy public bets.

This is even true if you “switched over” and are dealing with the sharper set of odds. Players will often find underdog pricing that beats the rest of the US betting market because of their heavy recreational base of players.

Proposition Bets At Bovada

Bovada’s proposition markets are vast, especially when it comes to the NFL. Their maximum bet on props is $500 for most, but some can actually be slightly less.

However, this still represents a chance for savvy bettors to find some hidden profits. Bovada’s large numbers of propositions make keeping track of all of them by the oddsmakers nearly impossible.

There are plenty of inefficiencies in these markets (NFL specifically) and are an excellent way for players to build a bankroll.

Related Online Sportsbooks

Bovada Sportsbook Customer Support

Bovada’s team is available 24/7, and though they don’t have live chat support, they offer extremely quick email support and a toll-free phone number as well. Their email response time crushes other offshore bookmakers.

They respond to all emails within 24 hours, but they are usually much faster. We have received replies in less than a half hour to most of our queries.

Bovada.lv Reddit Review vs SBS’ Review

Certainly, there is value in looking at other users’ reviews before picking an online sportsbook to place your bets.

Reddit’s threads about Bovada sportsbook do provide value, however, one needs to be careful as they may be biased and written with a certain purpose by strangers on the internet.

SBS’ staff follows specific and strict criteria such as uncompromising honesty and in-depth analysis in our sportsbooks reviews which are written by professional sports bettors who have years of experience in the gambling industry and use reviewed sportsbooks.

Bovada Review Conclusion – Top 3 Sportsbook Option

Despite their low betting limits compared to some other sites, Bovada is one of the kings in the US offshore betting market, and for good reason.

Their reputation and brand have serviced players without interruption for over a decade, and they have always paid players as quickly as possible.

Their transition from Bodog to Bovada went without issue several years ago. Though they have had slight delays in payments in the past, they fixed these minor problems.

Running an offshore sportsbook that services Americans is a tough business – something that few outfits have perfected, but Bovada has come the closest.

Dual Lines At Bovada

This is one of the heaviest criticisms that knowledgeable sports bettors have with Bovada.

The online Bovada sportsbook actually deals two sets of lines to players. One set of lines is tagged for recreational gamblers and another set for customers who have a clue.

In colloquial betting speak, these are generally known as their “square lines” and “sharp lines.” Bettors who have been at Bovada for a long period of time may not even realize that they deal two sets of lines.

The easiest way to determine if you’re dealt the sharper odds is to log out of your account.

Their standard odds or square lines will be available to those visitors without an account. The majority of Bovada’s clients are also dealt this same set of lines.

Bettors who show an inkling of knowledge will turn over to the sharper set. How fast will players get the sharp lines? That depends, but it can be quick depending on the types of bets made by the player. Some players have reported the change over in a few hours.

Bovada is famous for shading their lines toward public plays, such as spread favorites and overs. Even if you’re switched over to their sharp lines, there are still plenty of +EV betting opportunities.

Remember, few of Bovada’s customer base are savvy gamblers. Most of them rarely consider factors such as line shopping or seeking out +EV markets. Their head oddsmaker at one time stated that something like, “most of our action comes an hour before game time on most markets.”