Redbet was founded by entrepreneurs in Sweden who launched this online bookmaker in 2004. The operation is now owned by Evoke Gaming Ltd, a company registers in Malta. Evoke is part of the MRG Group which owns the Mr. Green brand. Redbet is licensed and regulated by the Malta Gaming Authority. Operations in the UK come under the licenses and regulations of the UK Gambling Commission. Evoke also holds a licence in Sweden which was issued at the start of 2019 and expires after five years. The core product is sports betting but the site also has a casino and live casino.
Redbet Sign Up Offer
New customers with Redbet can claim £10 in the form of a welcome bonus. The bonus is activated by making an initial deposit and placing the first bet so it is a matched bet bonus. The Redbet sign up offer is subject to the following Terms & Conditions:
- New customers only and existing customers are not eligible.
- Enter bonus code during registration.
- Minimum deposit of £20.
- Qualifying bet for £20.
- Odds of 3/1 (4.0) or bigger and 3 selections or more.
- £10 credited in the form of one bonus bet.
- The bonus bet expires after 7 days.
- Accumulators and combination bets only so not system bets.
- Any winnings do not include the free bet stake.
- Greyhounds bets do not count as qualifying bets.
- Cashed out bets are not valid.
- Redbet general Terms & Conditions apply.
This is a 50% matched bet bonus because the value of the free bet is half the value of the qualifying initial bet. The welcome bonus is for a modest amount and the qualifying bet specifications are stringent. Other operators offer a more generous welcome bonus and the qualifying and free bets can be singles. The offer is not as transparent as similar offers because the bets must be accumulators with three selections or more. The offer is achievable in the timeframes but the headline amount does not provide a great incentive to register, deposit funds and place the first bet.
Redbet Ongoing Promotions
Redbet does not offer any ongoing sports promotions for existing customers. Other UK-facing online bookmakers feature a range of sports and event specific and generic concessions. It is now common for operators to offer Best Odds Guaranteed (BOG) on horse racing in the UK and Ireland. Redbet do not provide this promise. However, the operator could introduce non-runner/no bet for the major championship races or all 28 races at the Cheltenham Festival and extra place races.
This review was completed in December 2019. Redbet had a Christmas campaign which featured sports betting offers. Customers must log in to see information about each offer and instructions to make a claim. Redbet also report that the site now has a bet builder service. Customers can create their own personal accumulator from outcomes in a football match. They will present the bet to Redbet who will offer a price for the bet which players can accept or reject.
Casino customers with Redbet can claim a deposit bonus up to £100. New players must deposit at least £20 to activate this 100% matched deposit bonus. The value of the bonus equates to the value of the qualifying deposit. The offer is subject to staking requirements and bet conditions. This offer is quite generous so Redbet appear to be focusing on new casino players at the expense of new and existing sports betting customers. That could be as a result of the association with Mr Green.
Redbet Markets & Betting Options
‘Sports’ is the first option on the main menu on the Redbet Home Page. There is a menu link to the current and upcoming live events. There is a menu of Popular markets which feature of the main betting events of the day. These events are generally related to football, horse racing and other popular betting sports. There is a separate list of sports which shows the current active markets for each sport.
The minimum bet is £0.10 and the maximum bet depends on the sport. There is a daily cap on what can be staked, which can be up to £50,000. The three-way match winner football market is complied with a margin of almost 4% which represents an average payout for the UK market.
In addition to the regular sports, customers with Redbet can place wagers on Esports, Chess, Politics and TV and Novelty Specials. The operator offers markets on about 40 sports and three of the most popular for betting are football, tennis and horse racing. Here is information about each of these sports:
When the review was undertaken there were about 70,000 active sports bets and over 50,000 were football markets. Customers with Redbet can place pre-match and outright winner bets on leagues and Cup competitions in over 60 countries. Redbet offers odds on international tournaments and qualifying campaigns. The most popular leagues for betting are the Premier League in England and the Champions League.
The most bet on markets are the three-way match winner after 90 minutes, handicaps and totals. Customers with Redbet can place more speculative football bets such as the correct score and first scorer. These markets provide a decent win for a small stake. Bet builder will allow customers to create their own football multiple bets. Football betting with Redbet receives a boost during the World Cup every four years.
At the time of writing it was the tennis close season on the main tours but over the course of 12 months, tennis is the second most popular betting sport with Redbet. The operator offers match betting on the ATP and WTA tours, Challenger events and International Tennis Federation (ITF) tournaments. The most bet on markets are the two-way match winner, and game and set handicaps and totals. Tennis is rare in that more bets are placed during live events than before matches begin. The Redbet sports betting product includes ante post betting on upcoming Grand Slam tournaments and international team, events like the Davis Cup and Fed Cup.
Redbet have active customers in the UK where horse racing is still the main betting sport in betting offices. Online customers expect a decent racing service so many will gravitate to sites like Redbet that offer racing betting. However, the service is limited to race meetings in the UK and Ireland and from time to time, major overseas races. Redbet does not offer any ongoing horse racing concessions, such as Best Odds Guaranteed. However, the site does feature ante post betting on some of the major championship races at the Cheltenham Festival in March and Grand National in April.
Redbet Mobile Betting And Sports App
Redbet have not developed a downloadable app for Android and iOS devices. The lack of mobile sports betting on a tailor made app puts the operator at a disadvantage with UK-facing online betting sites. There are technical reasons for the lack of downloadable apps for sports betting but this is a major negative. There are now more sports bets placed on mobile devices than desktop computers so Redbet are ignoring a potential market but this situation could change in the fullness of time.
However, if the browser is mobile-optimised customers with Redbet can install the website on smartphones and tablets. The sports betting service can be read using Android and iOS devices. Redbet does not offer any mobile-specific offers and promotions. The mobile release is fully functional which means users can claim the welcome bonus and enjoying ongoing promotions for current players. Mobile users have access to the Redbet site without overloading the device with apps.
Redbet Bookmaker Features
Redbet is a traditional online bookmaker which offers odds on a range of sports, leagues and markets. Other sites offer exchange and spread betting but Redbet publishes betting markets in fractional, decimal and American odds formats. Customers can take advantage of the following betting services:
‘Live Betting’ is the second option on the Home Page of the Redbet main menu. At the time of writing there were live events across six sports. Football dominates the live bet calendar but there are also many tennis events during the main tour seasons. The Redbet live betting interface is basic and there is no live streaming. Customers have access to an unsophisticated animation but there is reporting of key events and live match data that is updated as things happen. Redbet brings down live betting after a significant incident such as a goal in football or break of serve in tennis. The operator updates the odds which appear after a short interval so live betting continues.
Instant betting is Redbet’s version of pulse betting. This service is available as a menu option during a live football match. Customers can bet on outcomes during time intervals. These can be five minutes or more. Redbet offers instant odds on corners, bookings and goals. The operator settles these short-term bets quickly which means customers have any winnings in their account and can place more instant bets. This type of betting appeals to customers who like to place small bets often and prefer to see an updated account balance after instant bets have been settled.
Redbet offers a limited cash out betting service. The facility is available on selected events and markets which are mainly related to football. Live betting customers do not have the option for a partial cash out so it is all or nothing. The objective is to close a bet before expiry to ensure a known return or limit the loss. The cash out value is calculated with reference to the original bet and the odds at the time of the request. Bets placed before a match begins or earlier in the live event qualify for cash out betting. The option is insurance against the score and odds going against the first bet.
Redbet Banking Options
Customers can deposit and withdraw funds at Redbet using debit and credit cards, Bank Transfer and e-Wallets but not PayPal. Deposits are instant and free of charge and withdrawals generally do not have a fee but are subject to delays of 2 to 5 days, depending on the method. The minimum deposit is £10 and the most that can be transferred into an account is £3,000. The minimum withdrawal is £18 and the maximum withdrawal is £3,000. Bank transfer are subject to the same limits and even though some providers may charge a fee, Redbet offers this as a free service. Skrill and Neteller allow higher limits up to £10,000 and transfers are virtually instant.
Opening A Redbet Account, Deposit And Bet
Potential new customers with Redbet visit the Home Page and click ‘SIGN UP’. The registration screens have required fields for personal, account and marketing details. New customers enter a Username and Password and a bonus code is optional. The sign up process finally involves acceptance of the site’s Terms & Conditions and an age verification box. Most accounts are created immediately.
New registrations are prompted to make an initial deposit. Customers select the method and specify the amount. The Redbet welcome offer is not a matched deposit bonus so the first deposit does not activate the bonus. Deposits are immediate and free of charge. Most transactions are completed after just a few seconds. Once the funds have been confirmed, Redbet update the customer account balance accordingly.
The first bet activates the matched bet bonus but there is a minimum stake of £20. Smaller bets are allowed but these do not set off the bonus process. Bettors locate a market by searching for a sport, league or team. Alternatively, bettors navigate through the Popular and Sports lists to find a market. Customers click on the market and the Bet Slip appears. When a bet is accepted, the account balance is updated.
Customers can contact Redbet using email and telephone. There is a Live Chat facility and comprehensive FAQ section. Response times are up to 24 hours but Live Chat queries are handled as they are made. Telephone and Live Chat support is available from 8am until midnight in the UK. Customer service staff are knowledgeable and phones and Live Chat requests are answered promptly. Redbet is committed to promoting responsible gambling with control measures in place and links to bodies that provide support for problem gamblers.
More On The Bookmaker
Redbet is a European bookmaker that has customers in the UK. The Gambling Commission is one of the most trusted in the industry. Operators that are granted a licence are trusted to deal with customers fairly. The UKGC can issue fines and revoke licences when operators offer misleading and unrealistic bonuses. Redbet have displayed the required standards for compliance in terms of bonuses and free bets. The association with Mr Green through Evoke Gaming Ltd is also a positive sign that the company operate in the correct way. The welcome offer is realistic and achievable within the timeframes but the amount of the bonus is modest.
Redbet Bottom Line
Redbet is a solid operator without offering anything exceptional in terms of offers and betting value. The welcome bonus is not a major selling point and there are few ongoing promotions for existing customers. The live betting interface is basic and there is no live streaming. Customers cannot download an app from app stores. There are a few absent features and until they are introduced, Redbet will struggle to make in impact in the UK but could gain market share in the less competitive European market. The betting experience is acceptable without providing any excellence.
18+. Min deposit £20. Bonus bet valid for 7 days. Min odds 3/1 (4.0). Min 3 selections. Bonus bets can not be split. Cash out not eligible. Additional T&Cs apply.