Fansbet claims to be the only online bookmaker that shares profits with registered sporting clubs. Individuals enter the name of their chosen club who receive 50% of the net profits every three months. This concept is presented as a way for a fan to financially support the registered team. The operator has been licensed and regulated by the Malta Gaming Authority since 2016. The Maltese operation is run by Viral Interactive Ltd. Fansbet also has a licence with the UK Gambling Commission to offer sports betting and casino gaming to residents of Great Britain. Viral Interactive also holds a Swedish gaming licence which covers Scandinavia.
Fansbet Sign Up Offer
Fansbet is licensed in Malta and the UK where the regulatory bodies are much respected. The operator must meet the stringent criteria for compliance, especially with the UK licence. There have been some high profile fines for lack of transparency with welcome offers. The body also has the authority to revoke a licence in an extreme case of misleading offers. Fansbet are not breaching any guidelines with the welcome offer of £10 in the form of a free bet wager. The registration bonus is subject to the following Terms & Conditions:
New customers only.
Select the bonus.
Stake £10 on sports.
100% matched bet bonus.
Maximum bonus of £10.
There are no wagering requirements or odds restriction.
Cashed out bets do not count as qualifying bets.
Fansbet general Terms & Conditions apply.
The bonus value could not be lower because the minimum deposit is £10. Most competitors offer a more generous welcome offer. However, the Fansbet new customer offer is a genuine 100% matched bet bonus. The value of the bonus equates to the first bet. However, the headline amount does not provide a huge incentive to register. Make an initial deposit and begin to bet. Fansbet competes on the unique relationship with sports clubs and association more than the welcome offer. The new customer bonus is transparent and easy to achieve.
Fansbet Ongoing Promotions
In addition to the modest welcome offer, Fansbet also promotes a range of concession and features for existing customers. The value of the welcome offer is small which means the company can direct some resources at maintaining the loyalty of existing players. The following offers for current players complement the profit share scheme with sporting clubs:
All players can earn a boost from winning accumulators. Similar offers require each selection is on a football market. However, in this case the selections can be taken from any sports markets but there must be four legs or more. Each selection has to be backed at 1.2 or bigger. The boost comes in a range from 5% to 100% based on 4 to 15 selections. There are no staking requirements beyond the qualifying multiple bet. The boost comes in the form of cash and not a free bet. There is no time limit to use the enhanced funds and no restrictions on the sport or type of bet.
Fansbet claim to offer the most lucrative sports jackpots in the world. The competitions are akin to Fantasy Sports and are a departure from conventional fixed odds betting. Individuals or syndicates can make entries across a wide range of football competitions. The entries include selections in 1X2, correct score, over/under goals and Asian handicap markets. The Correct Score Pick 6 Premier League tournament offers the biggest weekly prize. The minimum stake is £0.20 and players can include permutations across the applicable markets.
As an alternative to the welcome offer of £10 in the form of a free bet, new customers can claim a cash refund up to £20. The minimum deposit is £20 and qualifying bets must be placed at 1.75 or bigger. The offer expires after 30 days since registering and activating the offer. Customers must stake £400 to earn the maximum refund of £20. The cashback amount is based on betting turnover. The maximum individual bet to release the cash refund is £100. Any bets that are cashed out do not count towards qualifying turnover. The refund must be converted to betting funds.
Fansbet Markets & Betting Options
‘Sports’ is the first option on the Fansbet Home page main menu. The operator offers sports betting odds in pre-match, in-play and ante-post markets. The site also features fantasy betting, offering the jackpots highlighted earlier in this review. Sports betting is the core product but customers with Fansbet can also play table games in the casino and live casino.
Customers can locate for a betting market by entering a keyword or phrase in a search box. The main betting events of the day are displayed in a Popular list. These events are mainly related to football and tennis. The site features betting on about 40 sports. These are listed initially in order of popularity and then in alphabetical order. In addition to the regular sports, customers with Fansbet can also place wagers on Esports, Politics and TV Specials. The three most popular betting sports are football, horse racing and tennis and here is more information about these sports:
Football is by far the most bet on sport and Fansbet offers more markets on the sport than any others. The site features match and outright betting on the main domestic leagues in Europe and South America and many of the more obscure. The most popular football competitions fir betting are the Premier League in England and the Champions League. Bettors can choose from over 100 options for a typical football fixture. The markets related to the result are displayed under the following headings:
The three-way match result market is compiled with a profit margin of 3.65 which is below average. The most popular ante post betting markets are related to the Premier league in England, the Champions League and finals of the European Championships.
Fansbet is very much a UK-facing bookmaker. The profit share scheme appeals to football supporters who are loyal to their club. Horse racing is still the biggest betting sport in licensed premises. Customers located in the UK expect a decent racing service from their online bookmakers. Fansbet covers each meeting in the UK and Ireland and some of the major international fixtures and individual races.
Unlike many other UK-based operators, Fansbet does not offer Best Odds Guaranteed (BOG) on racing in the UK and Ireland. However, bettors can take advantage of extra places and insight. The site features an extensive range of future ante post betting markets, including the major races at the Cheltenham Festival and Royal Ascot and standalone races like the Grand National and Derby.
There has been a massive growth in tennis betting over the last 15 years and customers with Fansbet generate huge turnover on the sport. It is rare in that more bets are placed in in-play markets than pre-match betting. Tennis lends itself to live betting which is part of the Fansbet tennis service. Fluctuations in the scoring mean a player can be the favourite and underdog in the same match.
Customers can place wagers before the action begins on the ATP and WTA tours and other minor tours further down the pyramid. The most popular betting markets are the match result, handicaps and totals. The two-way match winner market is compiled with a profit margin of almost 6% which is better than average. Customers can place ante post bets on the winner of upcoming Grand Slam tournaments such as Wimbledon and international team events including the Davis Cup.
Fansbet Mobile Betting And Sports App
At the time of writing Fansbet had not launched any mobile apps but this could change in the fullness of time. It is not possible to download the app from app stores to Android and iOS devices. However, the website can be installed on mobile phones and tablets if the browser is mobile-optimised which most are in the current era. New customers cannot claim a mobile specific welcome offer and there are no ongoing mobile promotions for current players. However, the mobile version of the website is fully functional. Mobile players are eligible for the welcome offer and other promotions for current registered players.
Fansbet Bookmaker Features
Fansbet is a traditional fixed odds bookmaker and not a betting exchange or spread betting firm. The fantasy games are a departure from conventional sports betting for which the following features are available:
In-Play is the second option on the main menu on the Fansbet Home page. The live events are displayed in a number of views. The most popular in-play betting sports are football and tennis but customers with Fansbet could also select live events in a number of other sports. The interface did not have live streaming buy in-play bettors can view a graphic of the action and refer to live match data. Betting is suspended after a significant event such as a goal in football or break of serve in tennis.
The cash out option is a popular feature with Fansbet. Customers can close a bet during an in-play event. The qualifying bets are placed in a pre-match market or earlier during the live event. Bettors request a cash out offer which they reject or accept. The cash out amount depends on the odds and stake for the original bet and the odds at the time of the cash out request. Cash out betting guarantees a profit or limits the loss from a bet before the final outcome is known.
Fansbet is promoted as the fans bookmaker because customers can choose a sports club to enjoy some of the net profits from their betting. This theme is maintained with Fans Boosts which are enhanced odds across a number of sports and leagues. The maximum bet in these markets is £25. The English Premier League accounts for most fans boosts but they are also available for tennis, golf and several other sports. Some fans boosts are customised for betting partners and maximum stakes of £25 apply.
Fansbet Banking Options
Customers with Fansbet can transfer money using debit and credit cards and leading e-Wallets. Deposits range from £10 to £1000 and are immediate and free of charge. The minimum withdrawal is £30 and the upper limit is not fixed. There are no fees and delays of 24 hours to 5 working days.
Opening A Fansbet Account, Deposit And Bet
Potential new customers visit the Fansbet Home page and click ‘JOIN NOW’. New players enter account details and personal information. There is an option to enter the name of a club that activates the profit share. Once the required fields have been populated customers confirm the new account.
New players then deposit funds into the account. Customer select the banking method and the amount. Deposits are immediate which means there are no delays between opening an account and funded it with betting money. Once the deposit has been confirmed the account balance is updated accordingly.
Bettors navigate to the chosen market using the search box or menus. When they click on the odds in a market the betting slip appears. The range of bets increases as more selections are added to the slip. Customers select the bet and enter the stake. Most bets are accepted which leads to an updated account balance.
Customers with Fansbet can use 24/7 Live Chat and contact the support team by email but there is no telephone support.
More On The Bookmaker
Fansbet offers customers something different in the form of the profit share with designated clubs. The contribution is based on net losses which compensate for a negative account. It is debatable how effective this scheme is in attracting new customers. The welcome offer is for a modest amount and does not offer a good incentive to register. There is some value in the odds but recreational players may not notice the variances with other bookmaker but the margins are competitive.
Fansbet Bottom Line
The key to the success of Fansbet could be the innovative partnerships with sports clubs. At the time of writing there have been no reports of massive contributions. To compensate for the modest welcome bonus, Fansbet can offer some value in the odds. The lack of live streaming is a negative but Fansbet is a good destination for sports betting and the operator helps sports clubs. The UK market is crowded and Fansbet are trying something different to achieve market share.
UK + IRE only, 18+, Full T&Cs apply