Best Sports Betting Sites 2018
WagerWeb Sportsbook Summary
WagerWeb has been in the industry for nearly 20 years in some form. Their history dates back to 1997 when they were a sportsbook in Aruba. In 1998, the company moved to Costa Rica and launched BetCBS.com. Their parent company is Casablanca Gaming.
BetCBS changed brands to WagerWeb in 2004. They have operated many skins under the WagerWeb umbrella since that time. In April 2013, they bailed out players at Legends Sportsbook, which was taken down by the Department of Justice. WagerWeb accepts players from all around the world, but most of their players come from the United States. In addition to their sportsbook, they have a racebook and online casino.
A Personal Opinion On WagerWeb
What We Like About WagerWeb
Over the past two years or so, they have cleaned up their act (for the most part) concerning slow-pays and no-pays. Their payouts have improved, along with the support offered for those having issues with withdrawals. Sadly, this has not always been the case at WagerWeb.
What We Don’t Like About WagerWeb
They don’t exactly have a great track record. Their SBR page has an extensive list of complaints that go back to the launch of WagerWeb. They have flat-out stolen winnings from players over the past decade and continue to offer misleading and/or restrictive bonus terms. They still have a syndicate betting rule that allows them to potentially confiscate winnings from those who they deem as “professionals bettors.” They haven’t done that in recent years, but the language is still in their terms and conditions.
While it has become standard to take away winnings if the players benefitted from a line error or abused a bonus or promotion, taking away winnings earned through wagering is a scary prospect. They did exactly that when they confiscated a player’s winnings for correlated parlays in 2009. It wasn’t until four years later that they offered a settlement to the player for 50% of his account balance. The player still refused. A few months later, they finally decided to pay the player in full. Since that time, they have had no major complaints. Previous complaints aside, WagerWeb’s odds, processing fees, and bonus terms drag them down the most. They are paying players in a timely fashion, but their mandatory bonuses and poor odds offering on standard bets will always make them an inferior choice to the upper tier of US-facing options.
WagerWeb Sportsbook Bonuses
Confusing WagerWeb Deposit Bonus with Poor Rollover
WagerWeb’s deposit bonus options are hard to find. They have some offers listed on their site but actually seeing the fine print proved to be difficult. We had to email support to get the rollover details and the standard deposit bonus. They offer 10-20% reload cash bonuses on certain deposits after the initial deposit, but their first deposit bonus is a 50% Freeplay Bonus up to $1,000.
This comes with a 10x rollover. This rollover rate is quite awful and is among the worst rollover rates online for a first-deposit bonus. These bonuses are compulsory and cannot be declined. Most sites will allow players to choose if they want a bonus or not, but that is not the case at WagerWeb. This becomes an issue when players deposit using cash, credit card or cash transfer, and they are forced to accept the bonus.
WagerWeb Sportsbook Highlights
Betting Market and Odds
WagerWeb has a decidedly North American focus on their betting markets. However, they don’t ignore international markets or those that are more obscure. Of course, wagering limits will be considerably lower on these sports, but at least, they are available. Their full list of sports offered aside from the MLB, NBA, NHL, NFL and both college basketball and football, tennis, boxing, college hockey, racing, soccer, tennis, cycling, Canadian football, golf, arena football, women’s basketball and mixed martial arts.
WagerWeb offers much of the same standard bet types as most other offshore sportsbooks. Teasers, pleasers, parlays, if-bets, reverses, and round robins are all available for betting. Their teaser and parlays odds for two teams are market value, but those of the 3-4 leg varieties will have considerably worse odds than the competition. These bets are generally –EV regardless, but it’s frustrating that WagerWeb won’t give their customers a fair shake, even when holding a distinct advantage if they offered the odds that every sportsbook in the market gives players.
Futures are available for just about every sport that they offer, with more extensive options coming for more top leagues. They have nightly team and player propositions for each NBA and NHL game and a large list for NFL action. During March Madness, these options extend to college basketball as well. As far as live betting, WagerWeb is not a great choice. They offer few games for in-play wagering and few markets other than updated point spreads, totals, and moneylines. Those who are heavily into live betting should look elsewhere.
Betting limits are relatively small at WagerWeb compared to many other sites in the industry. Their focus is more on the recreational market, rather than marketing themselves to high-volume bettors. NFL point spreads lead all maximum bet amounts at $5,000. NFL moneylines have a max of $4,000, and NFL totals have a $3,000 maximum bet. NCAA Football sides have a max bet of $4,000, but it’s quite a drop off from there. Every other major sport has a maximum bet of $3,000 on sides and their moneyline, and total max bets are between $2,000 and $1,000. Smaller market sports have a max bet of $1,000, and many propositions and halftime lines are capped at $500.
From our experience, the staff has been helpful in live chat and responds to emails quickly. Our issues came with not understanding the bonus and terms, which seems to a problem with several of the offers at WagerWeb.
WagerWeb Deposits And Withdrawals
WagerWeb changed platforms in August 2015, and in the process, added several more deposit and withdrawal options to their cashier. They’re a much better option these days in that department.
Making a Deposit On WagerWeb
Cashier options include depositing via MasterCard and Visa. Money transfers from Western Union and MoneyGram are also available. Those who want to deposit larger amounts can send a cashier’s check or bank wire.
The crypto-currency, Bitcoin, is another cashier choice. Bitcoin is free for both deposits and withdrawals. BTC transfers typically take around 20 minutes to hit your account. Players can request withdrawals up to $3,000. These are usually processed within one business day.
Requesting WagerWeb Payouts
Checks can be requested up to $3,000 and have a 10-15 business day delivery time. They come with a fee of $50 and a minimum amount of $500. Bank wires are the best option for those looking to withdraw a large quantity of money. Wires have $3,000 minimum and a $10,000 maximum. They have a processing fee of $75, plus fees from intermediary and receiving banks. These are processed within 3-7 business days. Lastly, bettors can receive their money through Western Union and MoneyGram transfers. These are processed in 48 hours or less but come with varying fees depending on the amount requested.
We don’t recommend this choice unless you need your money extremely quickly and don’t understand how to use Bitcoin. Payouts top out at just $680, and the fees are somewhere in the range of 10-15 percent of the transaction. WagerWeb does offer players one free payout request per month on the following three methods, check, bank wire, and person to person transfers. Bitcoin withdrawals are always free.
WagerWeb isn’t our first, second or third choice for an offshore sportsbook. However, as we mentioned above, they have cleaned up their act quite a bit from a payment processing perspective, but their odds and options are still not a reason to seek out the book. If you’re bonus whoring and have hit a number of offshore sportsbooks already, it would be fine to give them a try. Otherwise, there are at least a half a dozen other bookmakers who deserve your action before WagerWeb.
Best Betting Site Alternative to WagerWeb
100% Up To $100 Bonus
- Lots of promotions throughout the year.
- Betway Plus rewards program for players.
Best Betting Site Alternative to WagerWeb
50% Up To $250 Bonus
- Soft Odds Compared to Other Sportsbooks
- One of the Fastest Sites to Process Payouts