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Powbet Sportsbook Promo Codes & Review 2022

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Reviewed By James Molloy

Sports Betting. Football. Online UX.
Published: Nov 12 · 6 min read
Updated: March 29th, 2022
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

Pros
Potential Cashback Bonus
Comprehensive VIP program
Fast payments
Cons
No live streaming

Powbet Sports Welcome Bonus

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Powbet Sportsbook Welcome Bonus & Promo Code

The Powbet Sportsbook bonus offers a match bonus for your first deposit. 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.

Promotions Available from Powbet Sportsbook

The cashback bonus headlines the potential Powbet promotions. This deal covers your sports betting losses from Monday through Sunday each week. This will be credited as bonus money that’s subject to 3x wagering requirements. Below, you can see a few notable promos at the time of this Powbet Sportsbook review:

  • Weekly reload sports bonus - This bonus offers a match on your first weekly deposit. There is a minimum qualifying deposit for this deal.
  • Virtual sports deposit bonus - Another deposit bonus offer which can only be used in conjunction with virtual sports.
  • Sports Jackpot - Powbet offers a jackpot to bettors who can predict all outcomes as outlined within this promotion.

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.

Powbet Sportsbook Free Bets

Unlike many betting sites, Powbet doesn’t include any free bets in the welcome package, except for possible soccer free wagers from time to time. 

VIP/Loyalty Programs

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 cashback in increasing amounts, the higher the player status level. All VIP levels will also enjoy the “Power Squad” rewards where you receive coins when placing bets or playing real-money casino games. You can use these points to purchase merchandise from the store.

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:

  • Baseball
  • Basketball (NBA and college)
  • Boxing
  • Cricket
  • Esports betting
  • Football (NFL and college)
  • Golf
  • Hockey (NHL and international leagues)
  • Horse racing
  • MMA
  • Soccer (Premier League and many other leagues)
  • Tennis


Powbet separates itself from the pack by also covering many niche markets. Some of the less-heralded sports available here include:

  • Alpine skiing
  • Bandy
  • Cycling
  • Futsal
  • Lacrosse
  • Volleyball
  • Water polo


By selecting the “Specials” category, you can access non-sports markets. Entertainment events and politics are available under this tab.

Betting Odds at Powbet Sports

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%.

Powbet Sports Betting Features

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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.

In-Play Betting

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.

Live Streaming

No live streaming is available here. The lack of live streaming is one of the Powbet Sportsbook’s few downsides.

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Registration Process at Powbet Sports

The registration process at Powbet sports was pretty simple and straightforward. We were able to complete this entire process within less than two minutes. If you would like to explore all the benefits of signing up with this operator, here is what you need to do:

  1. You begin registration at Powbet by selecting the “Play Now” button.
  2. Opt-in for your potential bonus and select the Powbet casino bonus, sports offer or no welcome bonus at all.
  3. Enter your email, country, currency and phone number.
  4. You also need to agree to the general terms and conditions.
  5. The final step is to input more personal information, such as your name, birth date, home address, username and password.
  6. After submitting this info, you should officially have a Powbet account.

 

Depositing and Withdrawing at Powbet Sports

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:

  • Bitcoin - CA$20 minimum deposit
  • CashtoCode - CA$25
  • EcoPayz - CA$20
  • Ethereum - CA$20
  • EzeeWallet - CA$20
  • Interac - CA$10
  • Litecoin - CA$20
  • Mastercard - CA$20
  • MiFinity - CA$15
  • MuchBetter - CA$20
  • Neosurf - CA$20
  • Ripple - CA$20
  • Visa - CA$20

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:

  • Bitcoin - CA$20 minimum withdrawal; 1-3 days wait time
  • EcoPayz - CA$20; 1-3 days
  • Ethereum - CA$20; 1-3 days
  • EzeeWallet - CA$20; 1-3 days
  • Interac - CA$10; 3-5 days
  • Litecoin - CA$20; 1-3 days
  • MiFinity - CA$15; 3-5 days
  • MuchBetter - CA$20; 1-3 days
  • Ripple - CA$20; 1-3 days


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.

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Powbet Sports Desktop and Mobile App Experience

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.

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Powbet Customer Support

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.

Available Hours:24/7
Phone:-

Powbet Sportsbook Responsible Gambling Features

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.

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Our Verdict

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.

FAQ


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.

Contributors

Contributors

Hi, I'm James Molloy

"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."

Interests
  • Sports Betting
  • Football
  • Online UX

Reviewer since October 2015

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