Mybet sports betting experience – test & review

Bonus & VIP Offer

Welcome bonus

mybet welcomes new customers with an extensive welcome package, because you can receive up to 250 euros bonus credit on your first four deposits – which is a real rarity. The following overview shows how the betting provider has divided the mybet bonus:

Deposit: 200% up to €40
Deposit: 100% up to 60 €
Deposit: 50% up to 70 €
Deposit: 40% up to 80 €
In order for the bookmaker to credit your betting account with a bonus at all, you must transfer at least 10 euros per deposit. However, smaller amounts are only possible with Sofort anyway. Otherwise, the minimum deposit amount is always 10 euros. If you are looking for the maximum bonus amount, you should deposit a total of 420 euros (20 euros, 60 euros, 140 euros and 200 euros).

Before you can withdraw the mybet bonus and the betting winnings, you have to fulfill the bonus conditions. The bookie has specified that you have to work off a 5-fold turnover target. The turnover to be achieved refers to the sum of the deposit and the bonus amount. For example, if you transfer 20 euros in the course of your first deposit, you will receive 40 euros bonus, as a result of which you will have a total of 60 euros available for betting. Consequently, the turnover requirement is 300 euros (60 euros x 5). You will have 90 days to accumulate the corresponding amount.

There are two things you should keep in mind when clearing the bonus. On the one hand, only bets with a minimum odds of 1.8 count. For combined and system bets, this value applies to the total odds. Accordingly, individual tips within the corresponding bets may also have lower odds. On the other hand, you should consider that bets placed via the cashout option do not contribute to the turnover.

VIP & Loyalty Programme

In the course of my research, I could find neither a VIP club nor a loyalty points program at mybet. However, this does not mean that existing customers cannot benefit from bonus promotions. On the one hand, the bookmaker repeatedly distributes free bets to loyal customers. On the other hand, mybet scores with temporary promotions. Currently (October 2020), for example, existing customers can participate in a soccer competition in which 5,000 euros are distributed to a user every week. On each match day, you can use a 1 euro free bet. To secure the cash bonus, you have to bet successfully and with higher odds than all other mybet customers.

Betting offer

At the moment, you can bet on about 30 sports at mybet. As befits an exemplary bookie, all mainstream disciplines are available, from soccer to tennis and basketball to ice hockey. However, there is also the possibility to bet on US sports, such as baseball and American football. In addition to cricket, there is also a section called “Gaelic Sports”, so the disciplines that are popular in the UK are not neglected either. Martial arts fans, on the other hand, have the option to place bets on wrestling and UFC events. The betting portfolio is rounded off by less popular disciplines such as chess and floorball.

Primarily focused on soccer
As with the majority of competitors, King Football dominates the action at mybet. The portfolio is impressive both in terms of breadth and depth, because in addition to the leagues of European soccer nations, such as England, Italy and Spain, matches from Chile, Burundi and Guatemala are also offered, for example. In addition, you can bet on international competitions such as the Champions League or World and European Championships. In Germany, the offer extends down to the top division. Furthermore, there is also the option to place bets on women’s soccer (1st and 2nd division). Both are definitely not a matter of course, so mybet gets plus points at this point.

Relatively large selection of betting options
The betting markets offered are just as important as the selection of events. The bookie cuts a good figure in this category as well. You will find the most options in soccer, where there are usually 200 to 400 betting markets. Of course, I’m mainly talking about the matches of well-known teams here. But even otherwise, there are often more than 100 betting options available. By the way, this is not only true for soccer, but also for basketball, ice hockey and American soccer. In the area of fringe sports, the betting offer falls somewhat.

According to my mybet experience, all the classics, such as three-way bets, handicap bets or over/under bets are provided. However, you can also bet on the exact result, the number of goals, corners and cards or on individual goal scorers.

eSports & other special bets

The eSports bets are primarily aimed at the young audience and there is nothing to complain about in this area either. The portfolio includes CS:GO and Dota 2, for example, but also League of Legends (LoL), Overwatch and Rainbox 6. Another positive thing to mention is that there is also a category for social betting. Here you can bet on TV shows and political events. As if that wasn’t enough, virtual bets can also be found at mybet.

Live bets

If a bookmaker wants to be among the top providers, it must also offer its customers live betting. These have been enjoying increasing popularity for years. At mybet, you also have the option of betting on games that are already in progress. What makes for a positive mybet experience is that the live betting portfolio is very varied. I took a look at the section on a Sunday afternoon. At that time, I was shown the following sports in the live section:

Soccer
Basketball
Tennis
Table tennis
Ice hockey
Volleyball
Cricket
eSports
Golf
Handball
Cycling
Not too many other bookies can be found that are at the start with a similarly broad portfolio. However, as far as odds changes are concerned, numerous competitors have found better solutions. At mybet, you have to look very closely to notice any changes. Next to the betting odds, only small red (odds are decreasing) and green arrows (odds are increasing) appear. Here, the betting provider should take an example from other bookmakers, where, for example, the complete odds flash in color.

It should also be mentioned that mybet does not currently provide any live streams. However, since there are only a few bookies that broadcast matches live, this small shortcoming cannot really be criticized. Furthermore, you will be informed about the action on the field via an animated playing field. In addition, you can also access statistical material.

Quotes & Betting Features

Quotes

Payout odds are a key criterion when evaluating a bookmaker. After all, the odds have a direct influence on the amount of your winnings. To give you a realistic idea of what the odds are like at mybet, I took a random sample and selected ten betting markets at random. As with mybet, the focus is on soccer, although other sports such as tennis, basketball and American football were also taken into account. The betting odds determined below result in an average of 95.03 percent, which is an excellent value:

95,49 / 96,98 / 94,54 / 96,17 / 95,80 / 94,63 / 92,76 / 95,78 / 93,26 / 94,93

Practical example of odds calculation at Sportwettenvergleich.net
How a winning odds is calculated is best illustrated by a practical example. Therefore, I looked at how the odds turn out in the Bundesliga match between Arminia Bielefeld and FC Bayern Munich:

Odds win Bielefeld: 12,00
Odds draw: 7,50
odds victory Munich: 1,20
Winning odds of the match = 1 / (1 / 12.00 + 1 / 7.50 + 1 / 1.20) = 0.9524
Thus, the payout ratio for the game under consideration is 95.24 percent.

Betting Features

The cashout function can now be found at every slightly better bookmaker. Also at mybet there is the option to close a bet before the end of the game. The feature allows you to reduce losses and realize winnings early. Unfortunately, this provider only offers the option to close the entire bet. A partial cashout and an auto-cashout are not offered. In principle, you can use the feature for single as well as combination and system bets. However, the cashout function is not available in every game.

While you can often only bet on one event per match with the competition, mybet has developed a bet builder. This allows you to bet on several betting markets of a match at the same time. The odds of the individual bets are multiplied in the same way as with a normal combined bet.

Deposits & Withdrawals

Deposits

The payment method portfolio was not really convincing in the mybet test. On the one hand, not too many transaction methods are offered. On the other hand, well-known payment services like Skrill, NETELLER and ecoPayz are missing. However, it is possible to deposit and withdraw money with PayPal in return.

The minimum amount and the limit depend on the chosen payment method. Deposits always land directly on your betting account. The bookmaker has waived fees. The following list shows which options you can use:

Sofort (no minimum amount, maximum €10,000,000), direct booking system based on online banking.
paysafecard (minimum 10 €, maximum 200 €), payment card based on the prepaid principle with 16-digit PIN
Trustly (minimum 10 €, maximum 5,000 €), another direct booking system
Credit card (minimum 10 €, maximum 1.000 €), exclusively payments with Mastercard
PayPal (minimum 10 €, maximum 5,000 €), one of the most popular e-wallets (virtual wallet), deposit can only be used for sports betting
What deposit options are available at mybet?
The transfer portfolio at the northern German betting provider is quite clear overall. While some competitors work with sheer endless lists of payment methods, mybet concentrates on the relevant deposit methods in the cashier area.

The portfolio is led by the two British e-wallets from Skrill by Moneybookers and NETELLER. Qiwi is also new to the portfolio.

Those who want to know their bank deposit within a few minutes quickly and securely on the betting account, should resort to the direct booking systems. The mybet deposit is possible via Sofortüberweisung, via Giropay and partly (depending on the federal state) also via Trustly. For smaller, more anonymous deposits, the paysafecard prepaid codes are also very suitable. Ukash, on the other hand, has not been supported by mybet in Germany for several months due to legal difficulties.

Credit cards are one of the most popular payment methods at mybet. Deposits are possible with Visa and MasterCard cards, including all associated debit versions. The Bank-Maestro card is also recognized, provided that the associated account has a corresponding positive balance.

The leisure players with the “small purse” are not left out at the northern German online provider – on the contrary. Deposits are possible from as little as five euros. Those who use the Paysafecard for the mybet deposit at the cashier must note that the bookmaker charges a 2% fee at this point. All other transfer methods are free of charge.

How does a mybet deposit work?
Mybet works with a simple and clear software solution, which is basically based on a box menu. In our experience, the processes in the cashier area are super simple. Even absolute beginners should not face any problems when making a mybet deposit. The important thing is to make the right account selection. When depositing, the customer can decide whether the money will be booked to the sports betting, casino or poker side.

The first basic requirement for a mybet deposit is, of course, that you are registered as a customer with the bookmaker. According to our betting provider experiences, the registration is completed within a few minutes. In our following step-by-step instructions, we assume that you are the owner of a mybet betting account.

mybet credit card deposit
Prerequisite: For credit card deposits at mybet, it is only important that the cards are Internet-compatible. In practice, it does not matter whether it is a classic credit card or a debit version. If the payment is rejected, contact your provider or your bank. The mybet support is the wrong contact person at this point.

How to pay with credit card
Log in to mybet.
Call up the cashier area.
Enter your desired payment amount and press “Continue”.
Now click on the button for the credit card. The necessary information fields will open below.
Enter the card number, the check digit, the expiration date and the name of the card holder (your name is mandatory). You can save the information directly below for later mybet deposits.
The payment process is started via the green navigation button “Deposit”.
mybet Paysafecard deposit
Prerequisite: Before you can make your mybet Paysafecard deposit, you must obtain the appropriate codes in stores. The Paysafecard is now sold at almost every gas station and in every newspaper store. When depositing, please note that in Germany you can only use the Paysafecard up to a maximum of 100 euros. Furthermore, the entire amount must be deposited. Splitting the codes is no longer possible.

How to deposit with the Paysafecard
Log in to mybet with your username and password.
Click on “Deposit” in the upper right corner to get to the cashier.
Enter the amount in the free field. Switch to the next view by clicking “Next”.
Select the Paysafecard at the bottom of the list. Press the green “Deposit” button.
You will be redirected to the website of the financial service provider.
Enter your 16-digit Paysafecard code and confirm the mybet deposit with it.
mybet Sofortüberweisung deposit
Prerequisite: Sofort GmbH has become a top company in the financial scene in recent years. In Germany, the payment processor cooperates with 99.9 percent all credit institutions. You can use Sofortüberweisung as long as you are the owner of an account that is connected to online banking.

This is how you pay with Sofortüberweisung
Log in to the Norddeutsche with your data.
Switch to the checkout via the button “Deposit”.
Enter your desired deposit amount in the free field and click on “Continue”.
Select the instant transfer from the transfer list. You will be redirected to Sofort GmbH via the green operator bar.
First enter the bank code or BIC, so that you have access to your house bank.
Finally, confirm the deposit with the bookmaker with your bank ID and a TAN number.
If you make your mybet transfer via normal banking channels, you must use the following payment details:
Account holder: Adyen Client Management Foundation, Düsseldorf
Bank: WGZ BANK
Account number: 21573
Bank code: 30060010
IBAN: DE85300600100000021573
BIC: GENODEDD
Reason for payment: Reference number (e.g. 131-4669-5069-39802)
The reference number will be assigned individually for each deposit.

Withdrawals

Making withdrawals at mybet
Withdrawals are – if possible – always carried out with the payment method that you originally used for the deposit. The betting provider usually processes withdrawal requests within 24 hours, according to its own statements. However, it is written in the T&Cs that it takes two to five days for bank transfers and credit card payments until the money arrives in your account. The minimum withdrawal amount is 20 euros. The withdrawal limit is 10,000 euros, regardless of the selected payment method. There are no fees here either.

Bank transfer is always available as an option. Your deposit method will then be added as a withdrawal method (here Trustly).
Before the first payout, mybet will verify your identity. However, this is not harassment, but a legal requirement. The bookmaker requires a copy of a valid identification document, proof of address and a bank statement. You have to send the documents via e-mail to [email protected]. To check the documents, mybet usually needs only a few hours.

Winnings are reduced by the betting tax
In Germany, the state collects a five percent betting tax from bookmakers. In most cases – including mybet – the tax burden is passed on to the customers. The bookie will show you the amount in the event of a win on the betting slip.

My experience with the first deposit and the payout
I started my deposit via Trustly, as the payment service provider is usually very fast and reliable. This was also confirmed this time, my money was in the account within seconds.

If I had wanted to activate the bonus, the whole thing would have been as simple as flipping a switch during registration.

First of all, I focused my attention on the live bets. I picked a suitable one and placed it. After only six seconds, my live bet was approved. That is relatively fast.

To start the KYC process in parallel, I sent my documents to the customer service. A day later everything was approved.

Thus, I was able to test the payout. My live bet brought me a small plus, so I tried to withdraw the 30,39 Euro. However, my withdrawal was rejected immediately, because I had not even completely converted the deposit amount.

My attempt to make up for this unfortunately failed due to luck. My credit was completely lost.

Overall, however, mybet still convinced me, as the payments were made very quickly and pleasantly. The fact that the payout was not convertible is entirely due to my bad luck.

Reputation & Security

The bookmaker mybet has an EU gambling license from Malta (license number: MGA/B2C/309/2015). Accordingly, it can be assumed that it is a trustworthy betting provider. The bookie is operated by Rhinoceros Operations Limited, which is registered in Malta. The company is not yet very well known in the sports betting sector. However, the colleagues from Onlinespielcasino.de have already tested the Wunderino Casino as well as the Hyperino Casino and assessed them as reputable, for which Rhinoceros is also responsible.

However, it should not be concealed that numerous negative reviews about mybet can be found on the Internet. Some of the user comments are definitely inappropriate. However, there are also some mybet customers who had problems with payouts or verification, respectively. Whether the blame lies more with the bettors or the betting provider is unfortunately not clear from the comments.

With regard to player protection, mybet meets the applicable standards. On the one hand, you can set daily, weekly and monthly deposit limits. On the other hand, there is the option to set a reality check. Additionally, you have the option to activate a session limit and a voluntary self-exclusion. However, in both cases you have to send mybet an email (to [email protected]). The betting provider is also exemplary when it comes to data protection, as customer and transaction data is always transmitted in encrypted form. The betting provider uses the TSL encryption method (successor to SSL) for this purpose.

Service & Support

If questions or technical problems arise, the customer service is the right place to go. You can reach mybet’s support around the clock via live chat and e-mail. A hotline, on the other hand, has been omitted. However, the lack of this option cannot really be criticized, as you rarely have to wait longer than 30 seconds in the chat until someone answers. What also ensures positive mybet experience: There is a German-speaking support. In addition, the provider also employs English-speaking staff. The chat agents score not only with friendliness. They also take the necessary time to clarify your concerns.

In principle, I was very satisfied with the customer service, which I had to write to numerous times to get missing information or data. However, I have to note that there is no FAQ menu at mybet. If you go to the menu item “Online Betting”, there are articles on various betting-related topics. However, these are rather search engine optimized texts than help articles.

Functions & Design

After the website of mybet was revised in 2019, the platform scores with a modern design. Even if the color design of the site is of course a matter of taste to a certain extent, the concept can definitely be described as coherent. As a bookmaker with German roots, it is almost a matter of course that there is a German-language website version. Additionally, you can also set English as the language.

The structure of the platform differs a bit from the three-column design of most competitors. To find the right event, you have to use the horizontal menu bar. Here you can see all matches that take place on the same day or the next day. If you want an overview of the complete betting offer, you have to go to the entry “All sports”. Even if the structure of the website may seem unusual at first, even users without betting experience should be able to find their way around relatively quickly.

However, there are also three points that I have to criticize: First, the loading times are sometimes quite long. Secondly, the betting slip does not scroll with the user. Furthermore, the platform doesn’t seem to get along so well with the Mozilla browser. I could only log in in private mode. In addition, the checkout area could not be accessed. However, I did not have these problems with Microsoft Edge and Google Chrome.

Other Offers

mybet is also suitable for casino fans
If you thought that mybet focuses solely on sports betting, you are wrong. The provider’s portfolio also includes an online casino, which does not have to hide from the competition. About 1,500 games from almost 100 providers await you there. In the arcade, for example, you will find productions from NetEnt, Play’n GO and Microgaming. The live casino is also impressive. What I particularly liked: The limits are already displayed to you on the overview page.

Mybet T&C: A soccer match is canceled – and now?
There are various reasons why a soccer match is canceled. Often the weather is to blame. If it is raining heavily, shining or thundering, the game cannot be continued. The referee then postpones the game. But there can also be a complete abandonment of the game because of fan riots. If fans storm the pitch or otherwise riot, the match is usually cancelled. In addition, the soccer rulebook provides a case for abandonment of the game. If a team gets more than three sending offs, the game is automatically over.

All these incidents can of course affect one of your bets. That is why mybet has formulated clear rules for this. Quote:

“In the event that an event is abandoned before it has finished, the odds for that event will be set at 1:00 if the event is not continued within 48 h after the original start time.”

In plain English, you will get your bet back if a game is cancelled. Unless the game is repeated or continued within 48 hours. This is a fair rule, which is also so common with other bookmakers.

The exception to this are betting markets that have already been decided at the time the match is abandoned.

Example:

Bet on under 2.5 goals in the first half
After the half time the score is 1:1
In the 64th minute the match is abandoned due to heavy rainfall
Your bet is valid because your betting market was already finished
On the positive side, the rules on betting on goal scorers stand out in the mybet T&Cs. Quote:

“In a goalscorer bet, a player who has participated in the match as an active player at any time counts as having played.”

However, if the player does not participate, you will automatically get your money back. If you bet on a scorer for a match early on, you are thus protected against injuries or form crises of the player.

What happens in case of mybet match cancellation for tennis at mybet?
As with many other bookmakers, the mybet rules for tennis are slightly different than for soccer. Quote:

“Even if a match is interrupted and resumed after more than 48 hours, bets will stand unless it is completely and permanently cancelled.”

The reason for this is that tennis matches are postponed more often. Even if there is a light rain, it is not possible to play. Your bets will still stand then, which saves you a lot of hassle.

Another reason for tennis bet cancellation is player duties. If a player gets injured and the match is not played to the end, all bets are void. The exception is again betting markets that were already decided at the time of the abandonment. Your mybet bets on tennis remain valid in the following events:

Change of venue
Change of the surface
Change from outdoor to indoor or vice versa
Two examples should show again briefly, how the mybet rules are in tennis:

1st example

Bet on victory of player A
Player A leads in set two 6:3 and 1:0
Player B gets injured and retires
Your betting slip is invalid and you get your stake back.
2nd example

Bet on player A to win a set
Player A leads in set two 6:3 and 1:0
Player B gets injured and retires
Your bet is won, because the betting market was already finished before the surrender
Can I cancel a mybet bet?
Of course it can happen that you place a bet by mistake. You can also make an incorrect bet out of hectic rush and only notice this later. However, it is generally not possible to cancel a mybet bet. Quote:

“Unless otherwise provided, bets cannot be cancelled/changed by you after they have been accepted by PEI Ltd.”

PEI Ltd. is the company behind mybet. However, the mybet GTC are not entirely clear at this point. Theoretically, it is possible to cancel a bet. However, only if the provider would explicitly write this in a bet. And that is exactly what mybet does not do. Through the wording, the bookmaker only wants to keep open the possibility of perhaps offering cancellations in the future.

Important: The mybet rules also state that bets can be deleted under exceptional circumstances. The provider does not say exactly when these circumstances exist. In case of doubt, simply contact the provider’s employees. This can at least not hurt and may lead to success.

What are the mybet rules for combined bets?
At mybet, sports bettors can not only place single bets. Of course, combination or system bets are also possible. There are no special mybet rules for match cancellations for combination bets. The same rules apply as for single matches. If a match is abandoned, mybet simply removes this match from your betting slip. This only changes the total odds, but not the combined bet itself. A short example will show you what this means in detail:

Combi bet

Game A: 2,20
Game B: 3,00
Game C: 1,80
Total odds: 11,88
Bet: 10 Euro
Possible profit: 118,80 Euro
Game C has to be interrupted because of fan riots. The match is to be repeated in a few weeks. Thus, the bet on Game C is invalid according to the mybet GTC, because the game will not be continued within 48 hours. Your bet would now look like this:

Combi bet

Game A: 2,20
Game B: 3,00
Game C: 1,00
Total odds: 6,60
Bet: 10 Euro
Possible profit: 66 euros
mybet: Extra time and penalty shootout on own betting market
In soccer, there are not only league games. Cup matches take place regularly, for example, in World Cups or in the Champions League. Here it can happen that after 90 minutes there is still no winner. Then it goes into extra time or the eleven-meter shootout This mybet extra time, however, is not part of the normal 3-way betting market:

“Weighted is the result after regular playing time, without extra time, penalty shootout or the like.”

By the way, this does not only apply to the result. Also the number of corners, over/under goal or the number of yellow cards are evaluated after 90 minutes. If you want to bet on the outcome after 120 minutes, you have to place an extra bet. In this case, you simply bet on the progress of a team. The injury time counts again to the regular playing time. If a goal is scored there, it still counts for your bet.

The mybet rules are slightly different for American sports. Here the overtime counts in principle to the bet. In basketball, such overtimes are also possible in league games. It would not be fair if the overtime was left out. That’s why mybet has created this fair rule.

FAQ about mybet
✅ What is the seriousness of mybet?
The renowned bookie is in possession of a Maltese gambling license. Accordingly, you can assume that mybet is a trustworthy bookmaker.

What sports can be bet on at mybet?
The bookmaker’s betting offer includes about 30 sports disciplines, whereby the bookie focuses mainly on soccer.

〽️ Does mybet also offer live betting?
Yes, in addition to pre-match bets you can also place live bets. To place a bet on a match that has already started, you have to click on the “Live” menu item.

Does mybet offer a new customer bonus?
Yes, after you have registered at mybet, you can secure sports betting bonuses of up to 250 euros. However, please note that the mybet bonus is divided among the first four deposits.

How and at what times can the mybet customer service be reached?
The bookmaker’s support is available around the clock. You can reach the employees either via live chat or e-mail.