Wallacebet sports betting experience – test & review

Bonus & VIP Offer

Welcome bonus

The Wallacebet bonus for new customers is a classic sports betting bonus: With a bonus value of 100 percent, you can secure a maximum of 150 euros in bonus money. This is slightly more than the standard, which is 100 euros. The minimum deposit is 20 euros. If you transfer 20 euros, you will receive exactly the amount of your deposit as a bonus over the bonus value – that is 20 euros. You then play with a total of 40 euros. In order to receive the full bonus amount, you need to deposit 150 euros.

To unlock the bonus, however, you have to do a little more than just make a deposit. First, go to the “Bonus payments” section in your account. Select “Sports betting” and click on “Request bonus” for the welcome bonus. Only then should you load your account. However, avoid NETELLER, Skrill or ecoPayz, because these services do not qualify to receive the bonus credit.

Once you have claimed the deal and deposited, you can play with the bonus money – and you must do so in order to have any chance of making any winnings from it. The bonus terms require that you wager the additional funds and the amount of your deposit 14 times within 20 days in bets with a minimum odds of 2.00. Unfortunately, the turnover factor here is very high. The really good deals for new customers come with factors from 2x to 5x.

Furthermore, system and chain bets are excluded when the money is released. Any kind of similar bets are also not counted among the wagering requirements, which is of course quite unclear. And bets on tennis, baseball, as well as draw no bet and handicap are also not counted among the wagering requirements.

The rules are unfortunately quite mixed, which dampened my initially so positive expectations right at the beginning of the Wallacebet test.

VIP & Loyalty Program

Wallacebet always has various promotions for sports betting, online casino and live casino in the program. However, there is no classic VIP program. However, this is not unusual for bookmakers. VIP programs are still much more common in online casinos.

Wallacebet sports betting experience – test & rating 2022

Nevertheless, Wallacebet definitely does something for the loyalty of its customers. In addition to reloads and other deals that change from time to time, there is namely the so-called Loyalty Bonus. This is in fact a cashback, with which you can get back 10 percent of your losses as free bets every week. The free bets must be placed at minimum odds of 2.00 and are valid for 6 days.

Betting offer

When I took a closer look at the betting offer at Wallacebet, I was initially a bit surprised that I was only shown a total of around 100 options. I am used to much more, even from smaller bookies in the pre-match area. However, I quickly noticed that it was due to a filter that only listed the offers of the next hour. This can be set between 1 and 72 hours, which of course has a very positive effect on the clarity. When clicking on “All” there were then immediately around 2,000 offers, which I found again noteworthy for a relatively new bookie.

Soccer takes the top position. You can bet here, among other things, on all major European tournaments, for example, the Cahmpions League or the Europa League, but also on the U21 European Championship or the UEFA Super Cup. Moreover, all major leagues of the continent are represented. In the Bundesliga it goes down to the 3rd league. As far as the international associations are concerned, the Premier League, Serie A and the like are by no means the end of the line. Even in China, Tunisia or Mali, soccer matches can be rated.

Away from soccer, the portfolio is similarly varied. Basketball, tennis, ice hockey, volleyball and practically all other central sports are in the portfolio. In addition, some small curiosities are waiting in the form of wrestling, sailing, or floorball bets.

eSports & other special bets
Wallacebet has an extra section for eSports. If you click on the link with the corresponding designation in the main menu, you will get there directly. Here, too, the bookie convinces with a very broad offer – from Dota 2 to League of Legends to FIFA, all major eSports sports are included. Counter-Strike, Overwatch, Starcraft and King of Glory round off the offer.

Furthermore, you will find numerous special bets among the pre-match bets. For example, you can bet on political events around the world or simply on penalty shootouts.

There are also various virtual sports available. These include virtual dog races, virtual football, virtual acceleration races and many more.

Live bets

With such an extensive pre-match betting offer, live betting cannot be missing, of course. To anticipate that: Here, too, my Wallacebet experience was very good. The one is of course to some extent due to the other. Because good bookies offer practically the entire pre-match portfolio in due course also as live bets. If a bookmaker has as many international events in its program as Wallacebet, then the live bets are usually more than respectable.

In fact, I was able to place live bets on soccer, basketball, tennis and ice hockey at any time of the day or night when I looked in at Wallacebet. And it looked quite similar for the other sports. In the field of eSports, there is almost always something going on throughout the year anyway.

Even matches that are rather unimportant in Central Europe – for example in Myanmar – were animated and accompanied by sound, as well as useful statistics. You also get a multi-view, a calendar and an overview of past results. The crowning glory would of course be live streams – but unfortunately I couldn’t find any during my test – not even for eSports.

Quotes & Betting Features

Quotes

Sports betting and odds go together like bread and butter. One of the most important questions is where to find the best odds. Of course, all bookies claim that they offer the best odds. However, this is usually not substantiated. In general, they keep a very low profile when it comes to the lineup and also very general information about betting odds. Wallacebet is no different. Thus, I could not find any more in-depth facts about the odds and the odds key, which is so important for customers. The latter strongly determines whether betting with a bookmaker is really worth it.

Fortunately, you can calculate the odds key relatively easily yourself. To do this, I randomly selected ten games from the current betting offer at the time of my test and took the average. This way, you can ensure a minimization of distortions due to odds outliers up or down. I determined the following ten betting odds:

96,51 / 96,36 / 90,24 / 96,79 / 78,12 / 95,60 / 94,36 / 94,14 / 93,08 / 92,80

This gives a quota key of 92.80 percent. This is de facto a more than decent value. The odds at Wallacebet can thus definitely be described as advantageous.

Betting Features

Basically, at Wallacebet you have the possibility to place single bets, combined bets, system bets and chain bets.

Chains are not available everywhere, so here is a brief explanation: A chain is a combination of single bets. When the first event is won, the sum corresponding to the tip for the second event is removed. The added sum forms the chain account. If the next event is lost, the sum of the account is used. All following events will be calculated according to this principle.

You can still place quick bets and set whether to accept odds changes and to what extent. Furthermore, a cashout is available. However, you cannot use this for all matches. A betting configurator, which gives you the opportunity to combine several betting markets within an event, is not available.

Deposits & Withdrawals

Deposits

For my first deposit at Wallacebet I had Visa, Mastercard, Interac, giropay, Zimpler, Euteller, MuchBetter, Trustly, Rapid Transfer, Bank Transfer, Klarna (Sofortüberweisung), ecoPayz and NETELLER to choose from. If you want to get the welcome bonus, you should avoid the last two services. The minimum deposit is set at 20 euros. You can load a maximum of 25,000 euros at once – among other things via MuchBetter – which should especially please high rollers. There are no fees for this.

This also applies to withdrawals. These are usually carried out with exactly the same method that was used to load the account. Basically, this can be Visa, Mastercard, Interac, giropay, Zimpler, Euteller, MuchBetter, Trustly, Bank Transfer, ecoPayz and NETELLER. The minimum payout is 25 euros. You can withdraw a maximum of 500,000 euros via NETELLER. Of course, this is especially appealing to high rollers.

The German betting tax of 5 percent is not charged at Wallacebet. So you don’t have to worry that your winnings will be lower by the corresponding amount.

Wallacebet carries out a KYC procedure (Know your Customer) for every customer. Here, the bookmaker checks again at the latest before your first payout whether your data is correct. If there are any discrepancies, this will lead to problems. Therefore, be sure to enter everything correctly when registering. In order to carry out the verification, you must upload a copy of your identity card and, if necessary, further document copies. You can do this easily via your account in the “My Profile” section and then under “Documents”.

My experience with the first deposit and the payout
To start my test run at the sports betting provider Wallacebet, I made my first deposit in the amount of 30 euros. I opted for the fee-free deposit via Trustly and could immediately dispose of my betting balance.

If I had wanted to activate the bonus, it would have been easy to do so in the menu before making the deposit. Under the item “Bonus payments” I could have easily activated the welcome bonus by clicking on the button “Request bonus”.

Before I started betting, I first took care of other formalities: the verification process. In my profile, I was able to upload my required documents without any complications. After one day, these were confirmed by customer support and I could continue with my further steps.

In the live betting section, I placed a live bet, which was accepted after 6.5 seconds. In my experience, Wallacebet is faster with this response time than many of its competitors from the sports betting comparison. Unfortunately, I lost my bet with a stake of 10 euros and thus reduced my balance to only 20 euros.

Withdrawals

I went to the cashier area and tried to withdraw my balance. Here I received a notice that the minimum withdrawal amount was 100 euros – an extremely high and user-unfriendly amount. Despite the risk, I tried to reach the high minimum amount of 100 euros – with success, as I increased my balance to 107 euros.

Before my second withdrawal attempt, I was unusually told that I needed to upload a screenshot of my Trustly deposit to Wallacebet. I followed this instruction and the image was confirmed by customer service within a few hours. After that, I was able to initiate the withdrawal immediately and the money was in my Trustly account after four long days.

Overall, there were two aspects of Wallacebet that were a thorn in my side: the minimum withdrawal amount of 100 euros, which was way too high, and the long withdrawal time, which is especially unusual for Trustly. Both points were very user-unfriendly and cast a bad light on the bookmaker.

Reputation & Security

In terms of security and seriousness, Wallacebet’s license from the Malta Gaming Authority naturally forms an excellent basis. Bookmakers that are equipped with this license are considered very trustworthy. This is especially due to the high standards that the authority sets for its licensees.

Moreover, for relaxed sports betting, the technical security should also be right. Sufficient data encryption is a must. Wallacebet uses HTTPS encryption in all areas. This is confirmed by an SSL certificate from Cloudflare. For their part, the available payment service providers are technically up to date. Trustly even has a German TÜV seal. The mere cooperation with the service is a clear sign of seriousness. Like PayPal, Trustly does not cooperate with every online bookmaker.

The player protection is – as already mentioned in the description of the registration – very positive. You can set your limits directly during registration and thus reduce the risk of being affected by gambling addiction – if you do so. In retrospect, however, you can also make relevant settings via your account.

Wallacebet has (so far) only one sister brand – Sven-play. This one convinces with similarly good conditions in security and seriousness.

Both brands have a generally very good reputation on the net. Among other things, they have seals from GamCare, can show various awards and are active in social networks. The latter is an often overlooked, but clear sign of clean operations. Because if there were any difficulties or even fraud, it would spread like wildfire on the social network – and no bookie can afford that, of course.

Service & Support

In terms of service and support, they don’t make a very big cross, but according to my Wallacebet experience, the conditions are very good. The customer service is not available 24/7, but at least daily from 09:00 to 01:00. In addition to the chat, the classic e-mail is available. There is no hotline. In the chat, I only had to wait a few seconds until an employee was available to answer questions. Quickly, friendly and competently I was answered all questions about betting taxes, limits, cashout and Co. However, I was not able to communicate in German. English is the official language at Wallacebet. In general, however, the Wallacebet interface works in German, English, Norwegian and Finnish. For quick answers to standard questions, there is an extensive FAQ. In addition, you can of course communicate, rate, share, etc. via the accounts in the social networks.

Functions & Design

Wallacebet is a typical sports betting platform. That means you shouldn’t expect any big design treats here. Everything has been designed in the direction of good functionality. And that is also very advantageous with such a large offer. All content and features are set against a dark background, which makes Wallacebet ideally suited for evening betting. However, not everything is dark – the whole thing is loosened up by various green highlights in buttons, fonts etc.

The numerous betting functions as well as the further setting options and last but not least the enormous sports betting portfolio make Wallacebet not quite as suitable for beginners. However, average players and professionals will really enjoy the different betting views, the option to create favorites, the chain bets, etc. The loading times are first class. Even at the peak of soccer betting, the focus sport of the platform, I could not notice any limitations.

Other Offers

Wallacebet also offers an online casino. When entering the Wallacebet URL in the browser, you will even be directed to it by default. I was a bit surprised by the name, which clearly refers to betting (“Bet”). Especially since the casino is somewhat inferior to the sports betting area in terms of variety. Of course, it is difficult to compare the two. To me, however, the casino simply seemed much less comprehensive.

The selection of slots and table games comes from Microgaming, NetEnt, Play’n Go, and about 10 other top providers, but overall it is no more than good standard. So, while there are the developers’ greatest hits and always new titles, some important types, such as the big progressive jackpots, are missing.

The live casino is operated by Pragmatic Play and NetEnt. Here it looks quite similar to the normal casino – there are many good tables, but game shows and generally titles from Evolution are not present.

With the bonus program for the online casino, Wallacebet makes up for quite a bit. Here there is a welcome bonus up to 600 euros, a cashback, daily deals a bonus for high rollers and more. However, the conditions are unfortunately similar to the sports betting deal for new customers mixed.

FAQ – Wallacebet sports betting
➕ How much bonus credit does the new customer bonus from Wallacebet bring?
Under a bonus value of 100 percent you can collect up to 150 euros.

❓ Is Wallacebet a PayPal bookmaker?
No, it is not possible to use PayPal for your sports bets. However, Wallacebet cooperates with other industry giants, such as Trustly and NETELLER.

⚠ How much can I withdraw at once at Wallacebet?
Sums of up to 500,000 euros can be paid out at once via NETELLER.

⭕️ Does Wallacebet have a casino?
Yes. The offer there is good, but cannot be compared to the sports betting in terms of variety.

✅ Does Wallacebet have a license?
Wallacebet has a license from the Malta Gaming Authority.