Powbet Review 2024

Powbet
A site built for the future of Canadian sports betting.
100% Sport Bonus Up to $150
  • Bonuses and promotions
    5.0
  • Banking and Payments
    5.0
  • Mobile and App Experience
    3.7
  • Security
    4.0
  • Customer Support
    4.0
Total score
4.3

Top Features

  • In-Depth Sportsbook
  • Early Cash Out
  • VIP and Loyalty Program
  • Terrific Promotional and Bonus Offers
Likes
Dislikes
  • Search Function
  • Tons of Promotions
  • VIP Program
  • No Live Streaming
  • Low Max Withdrawals
  • Curacao License

PowBet Canada Review

4.3
Patrick Trudeau
By:Patrick Trudeau

It isn't easy to break into the sports betting scene but PowBet has done just that! Licensed by Curacao, PowBet delivers unreal promotions, a staggering collection of sports and a smooth VIP program that will catch the eyes of Canadian sports bettors!

In this review, we look at Powbet sportsbook (launched in 2020) and what Canadians can expect from this new bookmaker. We pull no punches as we inspect every detail. The good and bad will be mentioned as we strive to inform bettors what PowBet has to offer.

Let's get rolling and see what the world of PowBet can do for you!

PowBet Strengths & Weaknesses

No bookmaker is perfect but we’d be lying to say PowBet’s strengths aren’t impressive. Still, we outlined their strengths and weaknesses as a new betting site. 

PowBet Strengths 👍

  • Search Function: Not every bookmaker offers a search function and I don’t know why! Their search function works well and you can use it to search teams, championships, players, etc. for their sportsbook. You can also use it to find specific games for their casino. This is a GREAT addition to the site and can speed up the process of placing a bet.

  • Tons of Promotions: Bookmakers that have bonuses or promotions specifically for new customers only are insulting. If you’re a bettor, you want to be appreciated. Therefore I love PowBet’s list of bonuses and promotions. They have promos for everyone and aren’t solely for new customers only. This is a huge plus.

  • VIP Program: There are five levels to PowBet’s VIP program with increasing perks for each level. We love this because it gives bettors something to strive for and it won’t become stale. VIPs should be taken care of and with their different stages of benefits, it’s a nice addition to the site.

PowBet Weaknesses 👎

  • No Live Streaming: This isn’t a deal breaker but not having live streaming is disappointing. This is a huge feature on other betting sites and it’s unfortunate PowBet doesn’t offer this. If they were to implement live streaming that would bring the site to another level.

  • Low Max Withdrawals: Unless you’re a VIP, the withdrawal limits are rather low. Now, this may only affect you if you are a potentially high roller but low limits are disappointing.

  • Curacao License: Many bookmakers have the Curacao license so it’s not bad per se. However, with how easy it is to obtain the license, there are a lot of suspicions about the security. While this isn’t an issue with PowBet, we understand how the Curacao license should raise eyebrows.

As you can see, the weaknesses of PowBet Canada aren’t a huge deal. While it would be nice to have live streaming and a higher withdrawal limit, it’s not the end of the world for most bettors. 

PowBet Profile

Website: powbet.com/ca/Company \ Owner: Rabidi N.V.
Year founded: 2020License & regulation: Curacao
Contact info: E-Mail (support@powbet.com), Live ChatSponsorship Deals: N/A
Headquarters: Willemstad, CuracaoPayment Methods: Debit/Credit, eWallet, Crypto
Features: Loyalty Program, Live BettingApps Devices: Compatabile Mobile Site
Odds Providers: N/ACasino Providers: PlayNGo, PlayENT, Pragmatic + more
Casino game types: Table, Live, Roulette, Slots, PokerGame Types: Slots, Live, Table, Hand, Lottery

PowBet Sportsbook Review – Our Expert's Take

Although new players may be skeptical of joining a (relatively) new betting site, after careful consideration we recommend PowBet. What stuck out was their dedication to providing great betting markets, a positive VIP opportunity, delightful customer service and tremendous banking options. 

Their betting lines are like the most trustworthy bookmakers in the game and although they have hiccups (no live streaming, low max withdrawal) these are easily overcome with the betting experience. It will be interesting to see how PowBet grows as a bookmaker and what it can do as a new betting site. 

We dove deep into PowBet and we are happy to give them a positive review!

PowBet Sportsbook
PowBet Sportsbook

PowBet Scores

Bonuses & Offers ⭐⭐⭐⭐⭐ 

On top of a nice welcome bonus, PowBet Canada offers numerous promotions and other bonuses for their players. There is nothing more we could ask of them! 

Betting Variety ⭐⭐⭐⭐⭐

No matter what sport or market you want to wager on, Powbet sportsbook has you covered. There is something for everyone with Powbet and you will never be left wishing they offered more.

Banking Options ⭐⭐⭐⭐⭐ 

When customers join an online sportsbook, they want to be covered with many banking options. Offering Debit, Credit, Online Wallets and Cryptocurrency, Powbet ensures that bettors with different needs will have an opportunity to play on their site. 

Payout Speed ⭐⭐⭐⭐

Since a lot of it is dependent on the financial institution, it's hard for sportsbooks to provide the best experience since they are handcuffed. With that being said, I am giving Powbet 4 stars because their payout speeds are industry standard, which is expected and understood. 

Key Features ⭐⭐⭐⭐⭐ 

With a VIP program, great banking options, live betting and more, PowBet takes care of its customers. The features are enough to capture bettors' attention, so I think Powbet deserves 5 stars. 

App & Mobile experience ⭐⭐⭐⭐ 

No dedicated mobile app is tough, we can't lie. But it's an easy 4 stars as their mobile betting site will allow you to achieve the same desires as their computer version. 

Security and Trust ⭐⭐⭐⭐

While they protect users with SSL encryption, the trust isn't there just yet. New betting sites are popping up and years of reliability will help PowBet gain trust of the gambling community.  

Licensing ⭐⭐⭐⭐

There are more reputable regulators out there for PowBet to get an official license. While we still trust the site, it would be disingenuous to not mention that the Curacao license has had issues in the past. Still, we find no reason NOT to trust PowBet. 

Software & Games ⭐⭐⭐⭐⭐

It's easy to award PowBet with 5 stars for this category. They use the best software and have top-of-the-line games. We love that you can even search for the specific game provider in their online casino! 

User Betting Experience ⭐⭐⭐⭐⭐ 

From the ease of placing bets to their clean interface, Powbet provides an unreal betting experience. It's incredibly simple to find the bets we want to place and make wagers. 

Sign-Up Process ⭐⭐⭐⭐

I don't understand why it can't be limited to a page or two (instead of four). The one positive from their unnecessarily long process is that you select the bonus you want to redeem when signing up, which is interesting Still, signing up is easy but it doesn't need to be broken down unconventionally. 

Customer Support ⭐⭐⭐⭐ 

It's nice to have E-mail and 24/7 Live Chat. But we think PowBet could implement a phone number for bettors and a more diverse and thorough FAQ section. With these additions, we'd give PowBet 5 stars.

PowBet Welcome Bonus 🎁

A welcome bonus is viewed as a gift from the bookmaker. It’s how betting sites say thank you for registering and depositing! PowBet’s welcome package is decent and players can take advantage of their bonus. 

PowBet Sign Up Bonus

PowBet Sign Up Bonus
PowBet Bonus for New Users

100% First Deposit Bonus Up to $150

How to Claim PowBet Bonus?

To claim the PowBet welcome bonus, you need to first register for the site. When initialing depositing, you will choose which bonus (sport or casino) you want to take advantage of. 

If you are choosing the sports bonus, you will need to deposit $30 at minimum to claim the bonus. The maximum deposit (for the bonus) is $150. 

Once that is done, you will need to follow the terms and conditions of the welcome bonus to fully claim and use the bonus. 

PowBet Welcome Bonus Terms and Conditions 📝

  • Minimum deposit of $30 to qualify
  • Players cannot deposit through Skrill or Neteller
  • Wagering requirements must be met within 30 days of initial deposit
  • Wagered odds must be no less than 1.50

These T&Cs aren’t terrible but players may be put off by the fact that they need to complete the wagering requirements in 30 days. Still, there are worse terms and conditions out there, so new users shouldn’t stress. 

PowBet Casino Bonus 

PowBet Casino Bonus
PowBet Casino Bonus

PowBet also offers a casino bonus for new users: 

100% First Deposit Bonus Up to $750 + 200 Free Spins

PowBet Promotions

The recurring promotions offered by PowBet are great! They make sure that bettors can dig their teeth into a variety of promotions and bonuses. Bettors will see special promotions, like around the Holidays and other events so their bonuses are not stale. 

Some of Powbet's promotions include:

PowBet Promotions
PowBet Promotions
  • 100% NBA Stakeback – Up to $30
  • VIP Free Bet Daily – 50% up to $1000
  • Weekly Acca Rewards - $20 Free Bet
  • Acca Boost – 10% up to $150,000
  • Bonus Cashback – 10% up to $200
  • Virtual Winners Club - $20 Free Bet
  • Neck or Less Money Back (Horse Racing) - $50 Bonus Money
  • E-Sport Stakeback – 50% up to $75
  • Weekly Reload – 50% up to $750
  • 2 Goals Ahead Early Payout (Soccer)
  • Bet Builder Insurance - $20 Free Bet

PowBet Casino Bonuses 🎰

PowBet Casino Promotions
PowBet Casino Promotions

PowBet offers the following bonuses on top of their sport promotions! 

  • Weekly Cashback – 15% up to $4500
  • Live Cashback – 25% up to $300
  • Drops & Wins Live Casino - Total prize pool of $2,250,000

PowBet Sports Betting Features

Certain features can make or break a bookmaker. We outlined some of the best features that helps PowBet sportsbook stand out among a sea of betting sites

  • Underappreciated Sports Markets: We have already touched upon how PowBet has an unreal selection of sports betting options. But we wanted to reiterate that there are markets available to PowBet users that aren’t typically found. Leagues such as the WHL (Hockey), Superdivision Soccer (Burkina Faso) and Water Polo competitions from Hungary showcase how robust this sportsbook truly is.

  • Early Cash Out: PowBet gives users two cash-out options for their wagers. The first is an early cash-out option that allows you to claim a victory based on the current odds and wager. With partial cash out, you can also partially cash out your wager if you believe it’s heading for a loss. This is a nice luxury not found in many bookmakers.

  • Great Betting Markets: To be a great bookmaker, you need great markets. With PowBet, they have the usual suspects of Moneyline, Totals and Spread betting options. However, we love the fact that they include Live Betting, Parlays, Props and Outrights as these markets are not on every sportsbook. That’s a huge win in my opinion.

PowBet Sports Coverage

PowBet Sports Coverage

One of the biggest factors when joining an online sports betting site is the sportsbook itself. If you don't have many betting opportunities or markets to wager on, joining said site will be useless. Powbet, fortunately, provides popular betting odds for major sports such as American Football, Basketball, Hockey, and Soccer. 

Powbet doesn't stop there; it also offers odds on other sports (including niche ones), like golf, eSports, racing, baseball, and MMA.

🏈 PowBet American Football: American Football is one of the biggest markets in Canada and you can wager on the NFL and NCAA. They have the latest odds and best markets for games at the professional and college level. Most notably, odds for the Super Bowl and College National Championship. 

🏑 PowBet Hockey: Hockey is a marquee market and you can wager on the NHL, NCAA, ECHL and AHL, which is huge as a hockey betting site. European and international competition is also considered and prominent on Powbet. 

PowBet Baseball: I would consider baseball to be an underrated sports market for Canadian bettors. But those who love the sport will have plenty of options in all seasons, with the MLB, Australian Pro League and Venezuelan professional league as well! 

PowBet Soccer: The global game is a staple in the online betting community. Soccer betting sites usually have thousands of soccer options and PowBet is no different. From the Premier League in England to the Premier League in Senegal, PowBet’s soccer coverage is global. 

🏀 PowBet Basketball: Online basketball betting sites normally have the NBA and NCAA/WNBA without issue. But the fact that PowBet also recognizes international competition from leagues around the world is a huge benefit to joining their site. You will have thousands of basketball betting options on PowBet.

PowBet Betting Markets & Types of Bets

Now that you are well aware of Powbet's top sports, you will need to educate yourself on the markets that they offer to their users.  As an online betting site, you want to ensure all the popular markets that bettors love can be wagered on and Powbet certainly delivers in that category.

Betting Markets

  • Moneyline: The most straightforward bet. Choose the correct winner of the game and you will win your wager!

  • Spread: To balance out two teams, the spread gives points to the underdog and takes points away from the favourite. 
     
  • Totals: Usually reserved for total points in a game, you are wagering on if there will be more or less than the betting line.

Types of Bets Available

  • Parlays: Arguably one of the biggest betting markets, parlay betting is the combination of multiple bets into a single wager. While the payout may be greater, so is the risk! 
     
  • Outrights: Known as futures, outrights wagers refer to a season champion, tournament winner or potential award winner. These generally offer better odds because of variables once play begins. 
     
  • Live: Some users like to witness how the game is unfolding before wagering. Live betting allows users to feel the flow of the game before betting. The betting lines also adjust based on real-time events!

How to Place a Bet at PowBet?

  • First, you need to select which sport you want to wager on. 
  • From there, your next step will be to select the game (or competition) you are going to bet on. 
  • Once that is singled out, selecting the specific betting market will be your next step. 
  • With the market chosen, you will need to place the specific wager (eg. $10) on the bet you want to place.  
  • Once that is entered, simply click 'Place Bet' and the wager will be placed!

PowBet App

PowBet App
PowBet Mobile Betting

iOS and Android users will be disappointed to learn that there is no dedicated mobile app. Nonetheless, you can still use PowBet with the respective mobile browsers. The experience is the same as their computer or tablet version, which is excellent news. 

The response time is great and they are not missing any features. We love that the transition from computer to phone is seamless and provides the same capabilities.

PowBet could improve with a dedicated app and linked promotions but for now, the PowBet mobile site works well!

How to Open an Account on PowBet?

The registration process needs to be simple for bettors. It isn't because gamblers have a lack of education, it's because NO ONE wants to go through a tedious sign up process. Thankfully, PowBet allows players to sign up quickly and most importantly, they don't ask for unnecessary information. If they did, this would prolong the process.

Selecting the welcome bonus you want to claim was at the beginning of the process, which was different than other online betting sites! This was appreciated because you could see the options BEFORE registering and depositing.

PowBet Registration
PowBet Registration

Steps to Open an Account on PowBet:

  • First, decide which bonus you’d like to claim.
  • Input your e-mail, country, currency and phone number.
  • Create a username and password.
  • Enter your first name, last name, birthdate, gender, city, postal code and address

PowBet Deposits & Withdrawals

PowBet offers Canadians the luxury of many different banking options. To be a successful betting site, you need to ensure that customers can deposit, withdraw and play without issue. One of the easiest ways to guarantee bettors can play with your site is to offer several banking options. PowBet gives users a full whammy of credit card, debit, Interac, eWallet and cryptocurrency choices to fund their accounts. 

For as little as $10, you can deposit and withdraw with ease. This is beneficial for bettors because players won't have to make a huge financial contribution to join PowBet Canada. They provide great options and this is a huge plus for the site!

PowBet Payments List
PowBet Sportsbook Payments List

Deposit and Withdrawal Options: 

  • Interac
  • MasterCard
  • VISA
  • EWallets
  • Ripple
  • Ethereu
  • Litecoin
  • Bitcoin

PowBet Customer Support

Starting with their FAQ section, we believe it could use some work. While it's passable, I think they could improve with a more detailed section. Some betting sites like 888sport have tons of information in their Help Centre. PowBet lists 10 questions that can help users but they direct players to their other means of support. 

We like how they offer 24/7 live chat help and e-mail support as well. This is great because chatting with a human will benefit players. This is a nice addition to their help centre. We'd like to see a phone support line in the future to strengthen their support section. 

Overall, we believe PowBet does enough to help users handle any issues faced.

 

FAQs about PowBet

Is PowBet Legit?

Yes. PowBet is a legitimate betting site with Curacao license and SSL encryption protection.

What is PowBet's Minimum Deposit?

The minimum deposit is $10.

Does PowBet have a loyalty program?

Yes! PowBet has a loyalty program that has 5 tiers, all with different perks such as higher withdrawal limits and cashback rewards.

Does PowBet offer early cashout?

Yes, on certain events and wagers PowBet will offer early cashouts.

Final Verdict

PowBet is a company that knows what they are. They have a clear identity and they don't take themselves too seriously. Their VIP section will attract users but the sportsbook and promotions will create a happy relationship. 

Although they are without flaws (no live streaming, mobile app or phone support), PowBet is clearly a betting site you should follow. Despite being young in the sports betting world, PowBet throws a powerful punch. 

We think Canadian sports bettors will enjoy their time on PowBet. It's a website that welcomes all sorts of players and they offer something for everyone! As a bettor, is there much else you can ask for?