PWR.bet is a traditional fixed odds bookmaker that was launched in 2018. The operation is UK-facing but the site is managed by EveryMatrix Gaming Limited who are registered in Malta. PWR.bet are licensed and regulated by the UK Gambling Commission (UKGC), under a Combined Remote Operating License. The core product is sports betting but the site also features a casino and live casino and a wheel that provides jackpot prizes. The service can be accessed using desktop computers and mobile devices. The sign up offer is described in the next section.
PWR.bet Sign Up Offer
New customers with PWR.bet can claim up to £35 (or currency equivalent) in the form of a welcome bonus and receive a cash refund. This sign up offer is subject to the following Terms & Conditions:
- New customers only and existing customers cannot claim the bonus.
- Minimum deposit of £10.
- 100% matched deposit bonus.
- The maximum bonus is £35.
- Wagering requirements of 9 times the bonus.
- £315 must be staked to claim the maximum bonus of £35.
- Minimum bet of £0.25 and maximum bet of £50.
- Odds requirement of 2.0 or bigger.
- The bonus expires after 15 days.
- Cash back of 10% based on minimum deposit of £150.
- The maximum cash back is £100.
- Staking requirement of 1 times the cash back bonus money.
- Minimum odds of 1.50.
- Cash back bonus expires after 15 days.
- General PWR.bet Terms & Conditions apply.
The first part of this sign up offer is a genuine 100% matched deposit bonus. The value of the bonus equates to the value of the qualifying deposit. The cash back element is transparent and easy to achieve. The wagering requirements are feasible within the timeframes and the odds requirements are not restrictive. The welcome offer provides a good incentive to open an account with PWR.bet, deposit and bet.
PWR.bet Ongoing Promotions (Last Updated: April 2020)
Existing customers with PWR.bet cannot claim any ongoing bonuses. There are no sport and event-specific promotions for current players. New casino players can claim a welcome bonus of up to £200 and receive up to £500 based on 50% of the second deposit. The PWR.bet wheel rewards spins based on deposits and there are three levels of prizes. However, at the time of writing there are no ongoing promotions to complement the welcome bonus of up to £35 and a cash refund.
PWR.bet Markets & Betting Options
‘Sports’ is the first option on the main menu on the PWR.bet Home Page. There is a search facility that can be used to locate a league or fixture. The most popular betting categories appear under Quick Links which are generally the main domestic football leagues in Europe. The full range of betting sports is displayed under All sports, roughly in order of the number of active markets.
UK bettors expect a good horse racing product and this is one of the betting categories with this operator. Customers with PWR.bet can select from about 30 sports, which include Esports, Politics and TV Specials. Betting is available in pre-match, live and ante post markets. The default odds format is decimal but this can be changed to fractional. The most bet on sports are football, tennis and basketball.
Football is by far the most popular betting sport with PWR.bet. When this review was completed there were about 1200 active sports markets and nearly 800 of these markets were related to football. The site features betting from over 50 locations and about 200 leagues and Cups in total. The main European leagues in Germany, Spain and Italy and the Champions League generate plenty of turnover but the most popular league for betting with PWR.bet is the English Premier League (EPL).
PWR.bet displays the full time result, over/under and both teams to score markets for each EPL match and a link to over 250 related markets. These additional betting options are displayed in the following categories:
The three-way match result market is compiled with a profit margin of 104.59% which is about average in the UK markets. Customers can also place ante post wagers on the winners of many leagues and Cup competitions. The football betting service attracts new customers because of the range and value of the odds.
Tennis accounts for the second highest number of markets but numerically the number of bets is about 25% of the number of football bets. Football dominates online betting and that is reflected in the number of markets PWR.bet offers for each sport. There are actually more tennis bets placed in the live environment with PWR.bet than before the events begin. Customers with this operator can place tennis bets on the following tours: ATP, WTA, Challenger, ITF and Grand Slams.
The most popular betting league for tennis is the men’s ATP Tour PWR.bet displays the match result, over/under games and game handicap markers for each ATP tour match with a link to 40 additional markets. The most popular tennis betting categories are the match winner, handicaps and totals. The two-way match result market is compiled with a profit margin of 106.33% which offers good value. Customers can also bet on the outright winner of upcoming Grand Slam events.
Basketball offers the third highest number of bets and the main domestic leagues in Europe and the Euroleague account for many betting options. However, by far the most bet on league is the National Basketball Association (NBA) in North America. The most popular markets are the moneyline (match winner), spread (handicap) and totals. The two-way match result market including Overtime has a built in profit margin of 104.24% which is slightly above the industry average.
PWR.bet Mobile Betting And Sports App
Mobile customer with PWR.bet can download an Android app from the Google Play Store. There site refers to an iPhone app that is imminent. There is no mobile version of the website so the app has to be downloaded. The PWR.bet app is fully functional and offers the full range of account management and betting services that are available on the PC version of the site.
PWR.bet does not offer a mobile-specific sign up offer or ongoing promotions just on the app. However, customers using Android phones can claim the standard welcome bonus and any dynamic promotions when they appear on the site. The app is well-designed and provides intuitive navigation. The design matches the website branding and only one account is required across the PC and mobile platforms.
PWR.bet Bookmaker Features
PWR.bet is a traditional online sports betting operation and not an exchange of spread betting firm. Therefore, customers can enjoy the following betting services:
Customers with PWR.bet can close bets before the final outcome is known to ensure a profit or limit the loss regardless of the final score. The cash out value depends on the odds at the time of the cash out request and the stake and odds of the original bet. Customers can decline the cash out offer so the bet remains open. Bets placed before the match begins or earlier in the live coverage can be cashed out.
The facility allows customers to take advantage of a market when it is going in favour of the original bet. Conversely, cashing out a bet can restrict the liability when the match is going against the original bet. The cash out option is available for a selection of sports and markets. The feature should be introduced for more of the sports betting product in the future as PWR.net becomes established.
The PWR.bet sports page displays the current live events. At the time of writing there were about 40 live events. The most popular live sports with PWR.bet are football and tennis but there are live events for up to 10 sports on the calendar. The interface does not offer live streaming. However, bettors have access to a graphical representation of the action and plenty of live match data and statistics.
At any time there are about 50 live markets open for a typical football match and less for the other sports. The live betting service also offer customers cash out betting which is described below. PWR.bet suspend betting markets after a significant incident, such as a goal, sending off or penalty in football and break of service in tennis. After a short delay the updated odds appear and live betting can continue.
Fast bets are PWR.bet’s version of pulse betting because it offers short term markets. For example, customers can bet on the number of goals in the next 15 minutes in a football match. Other options include the first team to score 2 or 3 goals and the team that wins each sector of play. PWR.bet settles these bets quickly so customer account balances are updated in time for the next fast bet.
PWR.bet Banking Options
Payments are processed by MoneyMatrix Ltd, a company that is also located in Malta. The banking options include credit and debit cards, e-Wallets, pre paid cards and Bank Transfer. From April 2020, customers in the UK will not be allowed to make credit card payments. Deposits are instant and not generally subject to a charge. Withdrawals are subject to standard delays and some providers impose a fee for carrying out a transaction. Minimum amounts are £10 but maximums are not fixed.
Opening A PWR.bet Account, Deposit And Bet
Potential new customers with PWR.bet visit the Home Page and click ‘REGISTER’. The registration process involves entering personal and banking details in required and optional fields. New customers can enter a promo or bonus code which activates the welcome bonus. They must enter a Username and Password and confirm acceptance of the site Terms & Conditions. If all the required fields have been populated correctly, customers can register the account.
The account is created in a short space of time. A new player is prompted to make an initial deposit. The individual selects the deposit method and the amount. Once these details have been entered the deposit is activated. Account balances are updated immediately so the new customer can start to bet. The bettor navigates to the market, selects the odds and enters the stake and places the bet. The customer account is updated immediately so the bettor can continue to bet with the balance.
Customers can contact PWR.bet using a generic email address, through the Live Chat facility and in the operator’s Twitter account. However, there is no telephone support and the contact options do not include a postal address. Live Chat operators are quick to respond and issues are handled promptly and in a professional manner. The site also features detailed generic and sport-specific rules.
Customers may need to contact the operator for a range of problems because there is a limited FAQ service. Overall, there is room for improvement but this should happen in time. PWR.bet provides banner links to organisations that provide support for problem gamblers. The company is also registered with GamStop, a body that helps problem gamblers in the UK.
More On The Bookmaker
At the time of the review, PWR.bet had been in operation for less than two years. The service operates under licence from the UKGC which is one of the most trusted regulatory bodies in the industry. PWR.bet must be meeting the standards for compliance introduced and monitored by the Commission. There are a number of areas that could be improved but generally PWR.bet have made a good start.
PWR.bet Bottom Line
Customers can claim a decent welcome bonus that is easy to achieve. There are over 30 betting categories and a decent range of markets. The odds offer some value and are certainly not the least attractive for customers in the UK industry. Bettors with PWR.bet enjoy a positive betting experience that could improve in time. However, the site and mobile apps are good destinations for sports betting.
UK + IRE only, 18+, Full T&Cs apply