Powbet Review: Fresh and energetic challenger to the current status quo
Powbet is a brand new platform launched in August 2021. This new bookmaker has caught our attention in the speed and scale of growth it has achieved in the months following the launch. With plenty of esports bookmakers operating at the moment, how does Powbet rank amongst the competitors? Can this new platform challenge the current status quo and carve their own section of the market?
We take Powbet through the ropes and see how it matches up to the competition and our rankings system. Among our findings, we found this provider going above and beyond in terms of deposit methods, odds & bonuses and costumer service.
Read our full review below.
Interface & DesignHighly functional and easy to navigate
The Powbet esports website is excellently designed and highly functional in all aspects. From the get-go you can access a wide range of markets and sports, in either the esports or sportsbook categories. Compared to other bookmakers, Powbet does not discriminate between sports, esports and virtual sports, as all three categories are treated as equals and available under the sportsbook section.
The homepage is generally easy to navigate but you will have to select the sportsbook option to acess esports betting and odds. The site also serves as an online gambling platform as well, so you will have to navigate to your desired section. In terms of functionality while using, details on teams and odds are constantly update in real time, with live matches prominently featured at the top of the list. Overall the site is easy to use, and is jammed full of engaging content.
Powbet esports does not feature a mobile app for either Android or iOS. However, all options on the site are available within your native browser. The website and its functionalities are all based on HTML5 and optimized for mobile usage.
Bonus Offers & Free Bets100% up to €100 + Accumulator Boost and Cashback
Powbet bonus options and weekly promotions are in constant flux as the site carves its place in the esports betting market. The initial bonus offer consists of a welcoming bonus of 100% matched deposit funds up to €100. As soon as you deposit you also become eligible for 10% cashback and an accumulator boost to their selections.
There is a potential higher bonus incentive depending on where you are playing from. Depositors from Finland, Norway, Germany, Austria and Switzerland get a matched bonus up to €200. However, the maximum bonus amount for players in Russia, Georgia, Kazakhstan, Kyrgyzstan and Tajikistan is 3000RUB or roughly €35.
This is a reminder to always check the bonus T&C for your location before depositing.
Finally, there is an open weekly reload bonus of 50% up to €5o0 available to all depositors on their consecutive deposits each week. To qualify, you need to utilize your initial sign-up deposit with odds higher than x1.5.
PaymentsWide selection of deposit and withdrawal options
A wide range of methods for deposits and withdrawal of funds are enabled for your Powbet account. The standard Bank Transfer, Visa and MasterCard options are enabled by default. Funds can also be deposited and withdrawn using Skrill, Neteller, Paysafecard and Ripple.
Powbet esports has fully embraced cryptocurrency deposit and withdrawal methods as well. The provider fully accepts both deposits and withdrawals with Bitcoin, Ethereum and Litecoin. Additionally, the more unique deposit and withdrawal options on offer are: AstroPay, MiFinity and Klarna as niche payment providers some bettors may find useful.
All of the providers on offer have similar limits in terms of deposit and withdrawal. However, Mastercard limits deposit at 800 and withdrawal 2000.
Esports MarketsGreat parity of markets across all esports
For an up and comer in esports betting, Powbet features a solid selection of esports titles in their repertoire. Apart from the big three: CS:GO, Dota 2 and League of Legends, Powebet esports features markets in Overwatch, Rainbow 6, Valorant and both Starcraft 1 & 2. We’ve monitored the growth of titles featured since the site went in operation, and witnessed a steady growth in market offerings. Additions to the market offering coming soon are: Rocket League, King of Glory and Apex Legends.
When looking at depth of markets for our Powbet review, we found an extensive offer of outright, handicap and exotic markets. No corners were cut in terms of availability of odds, and the tournament coverage goes as deep as Tier-B events for most esports on offer. At any given moment you can expect at least a few matches on offer for any select title.
Finally, the depth of in-play and live betting options is on par with most other competitors with objective based exotics for most esports fully enabled.
Live StreamingLive Streaming and Virtual Field Enabled
Live streaming and In-Play betting are fully integrated with Powebet esports. The embedded streams are active for Live matches instantaneously, while all live odds greet you within the same window. If you are into FIFA, virtual sports betting or traditional sports, you can also utilize a virtual playing field to follow the action in multiple sports.
The betslip section also has the added option of automatically updating the odds for your selections in real time. As long you select a market and outcome, your betslip will consistently update its odds if they change during live games. Live streaming is supported by Twitch and Youtube, both respected broadcasters of esports events, and the embed quality is available in 1080p or higher.
Overall, we give a very high mark for how well the live streaming and in-play betting section at Powbet esports functions.
Odds and LimitsGreat odds, standard limitations
Our Powbet esports odds review found boosted odds and decent margins for winnings in several esports titles. Both CSGO and Dota 2 featured higher odds for choosing outright winners in 1×2 scenarios, then any other competitor. Apparently this provider prefers winners more.
Overall, the odds are on par or better across the board. If you use multiple platforms to scout out your perfect bets, you should definitely add Powbet if you bet on esports.
In terms of limits to deposits and winnings, Powbet accepts deposits at a minimum of €10 and maximum of €5000. The ceiling set for withdrawals is €10,000, and the minimum withdrawal amount is €25. If your winnings exceed €10,000, you will get your entire payout but in monthly iterations.
That said, there is an ongoing VIP Levels system consisted of five tiers, that will increase your monthly withdrawal limit up to €20,000. At the highest level “Champion” you will also get your very own personal Account Manager to assist you.
Customer ServiceExcellent options with landline available
When it comes to customer service, our Powbet review found a true rarity among modern esports bookmakers. This provider takes their costumer care very seriously. Both Live Chat and email options are available 24/7 and responsive within minutes.
The real kicker however, is an active and responsive landline, on top of the standard contact methods. We called a got a response within seconds (during EU work hours, but did not test it during different calling hours. The costumer service and responsiveness was excellent and answered all our questions, even though they were mostly pertaining to this review.
Finally, we are yet to reach Champion status with this bookmaker, and test our how our very own Account Manager will perform. We will update this review accordingly when we place enough bets.
SecurityLicensed in Curacao and fully safe to enjoy
Powbet is owned and managed by Rabidi N.V. and licensed in Curacao with license number 8048/JAZ. This should offer plenty of assurance to bettors that all appropriate measures have been taken to ensure the safety of information and the legality of the provider.
The site also has an 256-bit SSL security certificate for all financial transactions, which guarantees the safety and privacy of players and their information. By using cryptocurrencies as deposit/withdrawal options, the security score is elevated even higher due to the near impossibility of cracking through blockchain technologies.
ConclusionPowbet is a serious new player in the esports betting world
For a provider only recently entering the market, Powbet esports have went above and beyond to start off strong with a platform designed to cater to your every need. The expansive deposit options and quality of costumer service have get our highest rankings in terms of depth and availability. We didn’t even cover the available online casino and virtual sports options in this Powbet review. There is an entire world of gambling action on this site we have not touched upon.
In terms of odds, Powbet esports does not slack behind in parity with most dedicated esports betting platforms, on top of providing accumulator boosts and cashback options for their users. The highly functional and ease of use platform ports nicely onto Android and iOS devices, but the lack of a dedicated app is a bit of a downgrade.
Overall, Powbet esports had a very strong entry into the market, and is worthy of your sign-up, especially if you seek odds skewing toward selecting a winner.