The Powbet Sportsbook opened in 2021 under the ownership of Rabidi N.V. It has quickly gained attention since launching thanks to a 10% cashback bonus, extensive VIP program and quick withdrawals. As for the cashback, you can look forward to this large bonus every week.
Powbet holds a Curacao license and serves many countries and territories. As a result, you can bet at the Powbet Sportsbook in Canada. Since the passing of Bill C-218, some Canadian provinces, such as Ontario and British Columbia, are regulating sports betting themselves. Therefore, Powbet may eventually need to obtain additional licensing in certain provinces.
Powbet Sportsbook Pros and Cons
|10% cashback bonus||No live streaming|
|Comprehensive VIP program|
The Powbet Sportsbook bonus offers a 100% match on your first deposit worth up to C$150. Neteller and Skrill deposits don’t qualify for the Powbet welcome bonus.
Wagering requirements (a.k.a. rollover) on the Powbet welcome bonus are 1x the deposit amount. You have 30 days from the time of depositing to meet wagering requirements. All wagers must be settled before bonus funds are released. Additionally, all eligible bets need to be at 1.50 minimum odds or greater (e.g. 1.60, 1.70 etc).
Specific wagers don’t count towards meeting rollover. These bet types include totals bets (i.e. over/under), free bets, “cashed out” bet and “both teams to score.”
Of course, play on casino games (e.g. table games, casino slots) and live casino games doesn’t qualify either. Luckily, different bonuses exist for online slots, card and table games.
The 10% cashback bonus headlines the Powbet promotions. This deal covers your sports betting losses from Monday through Sunday each week. It offers a maximum of C$750 back during this period.
Powbet credits the 10% cashback as bonus money that’s subject to 3x wagering requirements. Despite the 3x wagering requirement, this bonus is still impressive thanks to its percentage (10%) and maximum size (C$750).
This betting site offers plenty of other promotions beyond the cashback. Below, you can see notable promos at the time of this Powbet Sportsbook review:
Aside from the sports offers covered above, Powbet also features casino bonuses. Online casino players can expect reload bonuses, weekly casino cashback, Powbet live casino cashback and free spins. Powbet Casino is very competitive with other online casinos regarding promos.
Unlike many betting sites, Powbet doesn’t include any free bets in the welcome package. It does, however, offer a C$35 free wager at the time of this review. This free bet, which is for soccer matches only, requires that you place a C$75 minimum deposit to qualify.
Powbet offers more markets than most betting sites. It covers 30+ markets at the time of this writing, including everything from popular sports/leagues to more-obscure options. Below, you can view examples of the popular betting markets:
Powbet separates itself from the pack by also covering many niche markets. Some of the less-heralded sports available here include:
By selecting the “Specials” category, you can access non-sports markets. Entertainment events and politics are available under this tab.
The Powbet features begin with the helpful options available on the sportsbook. You can use the “Top Leagues” section to find the hottest leagues at any point in the year. For example, you might see the NHL, NBA and Premier League listed in this section.
The “Odds Selector” lets you toggle between different types of odds. As you may know, the main odds include decimal, fractional and American. If you want American odds displayed rather than decimal, for example, you just visit the Odds Selector.
Cash Out is also available at this online gambling site. It’s a popular option that lets you withdraw money from a bet before it concludes. Cash Out helps guarantee winnings with favourable odds and minimize losses when things are going badly.
Powbet features a vast live betting section that covers many sports. You access this area by selecting the “Live” option at the top of the homepage. You’ll then have countless in-play betting opportunities available at your fingertips.
No live streaming is available here. The lack of live streaming is one of the Powbet Sportsbook’s few downsides.
The registration process at Powbet sports was pretty simple and straightforward. If you would like to explore all the benefits of signing up with this operator, here is what you need to do:
You begin registration at Powbet by selecting the “Play Now” button. After doing so, you’ll need to choose a bonus. You can select the Powbet casino bonus, sports offer or no welcome bonus at all.
Next, you’ll enter your email, country, currency and phone number. You also need to agree to the general terms and conditions.
The final step is to input more personal information, such as your name, birth date, home address, username and password. After submitting this info, you should officially have a Powbet account. We were able to complete this entire process within less than two minutes.
Powbet Sports offers many payment methods, including everything from local payment methods to international banking options. You can use the following deposit methods to fund your account:
When payment options double as cashout methods, then you must use them for withdrawals too. For example, you’d need to use Interac for both deposits and withdrawals. Here are the available withdrawal methods at Powbet:
Most of the banking methods above deliver your money rather quickly. Therefore, Powbet features some of the industry’s fastest payouts. If you hate waiting on your money, then Powbet is a great option.
We experienced no trouble navigating around the sportsbook during our Powbet review. The main sections are clearly laid out at the top of the desktop site. To access the sportsbook, you merely select “Sports” and then “Sportsbook.” The Sports option also features “Horse Racing” and “Virtual Sports.”
You can access the live and online casino through the top bar as well. That said, you can quickly move back and forth between the sportsbook, casino games and live dealer games.
Powbet doesn’t offer a mobile app right now. However, you can still access the sportsbook and online casino through a mobile device. You just need to visit the Powbet website through your smartphone or tablet to get started. The mobile navigation is comparable to the desktop version.
Powbet features competitive odds when compared to the industry. Its margins—the price paid to sportsbooks for their services—are generally low. Average margins on American football and basketball range from 5%–6%, for example, compared to the industry average of 8%–10%.
The Powbet customer service team is available 24/7 through email and live chat. We were able to contact customer support within 20 seconds through live chat. Powbet also offers an FAQs page that addresses many common questions.
The Powbet loyalty program delivers impressive rewards to both sportsbook and online casino customers. It features five tiers, ranging from Rookie to Champion. Rewards include higher withdrawal limits and/or cashback. Expert, Master and Champion bettors receive 5%, 10% and 15% cashback, respectively.
All VIP levels will enjoy the “Power Squad” rewards. With Power Square, you receive coins when placing bets or playing real-money casino games. You can use these points to purchase merchandise from the store.
Powbet encourages you to bet and play responsibly through its “Responsible Gaming” section. The Responsible Gaming page offers tips to help prevent you from developing a gambling problem. It also provides helpful resources, such as Gamblers Anonymous, in case you’re ever interested.
Powbet Sports stands out thanks to its large 10% cashback bonus, impressive VIP program and quick withdrawals. Given these notable strengths, we can easily overlook the lack of live streaming here. Powbet is a top option for Canadian sports bettors.
The minimum withdrawal varies based on the banking option used. Interac lets you cash out the smallest amount at CA$10 per transaction, while MiFinity only requires a CA$15 withdrawal. The remaining cashout methods require a CA$20 withdrawal.
Powbet features an extensive range of markets. You can look forward to placing bets on over 30 sports, along with many leagues within each sport. For good measure, the Powbet Casino is loaded with slots, table games and live games.
No mobile app is currently available for Powbet Sports. However, you can still access this sportsbook through a mobile device. You just need to visit the website with an iOS or Android smartphone/tablet. Afterward, you can register and make bets directly through your browser.
Powbet offers security through both its license and website. As for licensing, Powbet holds a Curacao eGaming license and can serve many countries. Its website utilizes Secure Sockets Layer (SSL) technology from Let's Encrypt to protect its website.
The average cashout time for most Powbet withdrawal methods is 1-3 days. This wait time is ideal in the online sports betting industry. As a result, Powbet Sports features some of the fastest payments in sports gambling.
Powbet has a license with Curacao eGaming. Curacao licenses hundreds of online gambling sites and is, thus, one of the world's most-popular licensing jurisdictions. Depending upon which Canadian provinces choose to regular sports betting, Powbet may need to obtain licenses from specific provinces.
"I've worked in the betting industry on product, operations and customer service for several years. A class operator will deliver on many aspects and we cover them all."