NetBet Sport Review | Bookmaker Rating & Signup Offer 2024

6.7
Out of 10

Good

No Affiliate Links 

Please note that there are no affiliate links featured in this review. This means that we will not receive a commission if you proceed to open an account at this bookmaker. Unlike many other gambling referral sites, we remain committed to reviewing bookmakers that we do not actively endorse. This approach ensures that bettors have the opportunity to explore all available options, rather than solely focusing on those that might be advantageous for us.

Pros
Cons

Review Summary

Excellent

  How were these ratings created?

In this review of NetBet Sport, I’ve examined a set of standard criteria to establish an impartial and data-driven rating for the bookmaker. Each of the above criterion is assigned a weight corresponding to its importance, with factors such as Odds and Features carrying more influence than others.

This methodical approach eliminates subjectivity and guarantees that only significant factors influence the overall rating. This results in a fair and objective assessment of the betting site, shedding light on both its strengths and weaknesses.

Unlike many other sites, Punter2Pro adheres to an identical process for all betting site reviews, ensuring that no brand receives an unjust advantage over another — regardless if we are affiliated with them or not.

About NetBet Sport

The NetBet bookmaker was established in 2001 and is owned by the company ‘NetBet Enterprise Ltd’. It currently holds seven licenses.

NetBet has built a strong reputation as a reliable online gambling platform. It is renowned for its expansive sportsbook, which provides a broad spectrum of sports and markets to cater to enthusiasts worldwide.

In line with standard practices for legal and reputable online betting platforms, NetBet employs various protective measures. These include SSL data encryption for secure transactions, two-factor authentication to prevent unauthorised account access, and ‘Know Your Customer’ (KYC) processes to identify and deter identity fraud.

The platform ensures secure financial transactions through its Secure Payment Processing and utilises Geo-Fencing to verify users’ compliance with local regulations in legal betting areas.

As a regulated entity, NetBet incorporates essential ‘safer gambling’ tools such as Deposit Limits, Reality Checks, Time-Outs, and Self-Exclusions.

Additionally, the site boasts eCOGRA certification, affirming its systems as ‘Safe and Fair.’ IBAS registration further underscores the commitment to fair gambling, providing an impartial mediator for dispute resolution between bettors and the platform.

Bookmaker Profile

Company

NetBet Enterprise Ltd

Established

2001

Website

NetBet.co.uk

Target Markets

UK, Romania, Brazil, Greece, France

Languages

English, Spanish, Italian, German, French, Russian, Romanian

Licences

Italy, Malta, Romania, UK, Greece, Mexico, France

Regulators

1. Product Range

Excellent

NetBet’s online platform presents a robust lineup of seven primary products: Sportsbook, Casino, Live Casino, Poker, Bingo, Virtual Betting, and Lotteries. This extensive array reflects the platform’s commitment to being a one-stop destination catering to a diverse audience.

Beyond its popular sportsbook, NetBet boasts a dynamic online casino featuring a rich selection of popular games, including slots, blackjack, roulette, and immersive live dealer experiences.

Standard

Popular products offered by many betting sites. These count more towards the score for this section than 'Specialist' products.

Specialist

Specialised "niche" products offered by some betting sites. These count less towards the score for this section than 'Standard' products.

7.9
Out of 10
Excellent

2. Sports & Markets

Excellent

NetBet’s sportsbook section boasts an impressive selection of 39 sports, covering 67% of the sports considered in my bookmaker reviews—5 more than the average. Highlighted with an asterisk in the list below are popular sports, common among online bookmakers.

NetBet caters to a broad spectrum of interests. This includes traditional favourites like football, basketball, and rugby, as well as niche options like chess, snooker, and surfing,

NetBet goes beyond standard offerings by featuring special markets, including politics and entertainment. Across the board, NetBet offers an impressive and diverse range of betting markets to choose from, aligning with top-tier betting sites.

Notably, NetBet places a significant focus on in-play betting, accessible on both desktop and mobile platforms. The Live tracker and upcoming Bets window enhance visibility, and a user-friendly slider for partial bet cashouts adds a layer of risk management.

Although live streaming is not currently available, the detailed in-play section compensates by providing visual insights into ongoing matches, positioning NetBet as an attractive choice for enthusiasts seeking dynamic, real-time betting experiences.

All Available Sports (A-Z)

  • Shooting
  • Snooker*
  • Softball
  • Specials
  • Speedway
  • Surfing
  • Squash
  • Swimming
  • Table Tennis
  • Tennis*
  • Triathalon
  • Trotting
  • Virtual Sports
  • Volleyball
  • Water Polo
  • Winter Sports
  • Wrestling

  How are sports & markets graded?

To assess this section, every sport has been classified based on its betting popularity, assigning greater importance to widely sought-after sports like Football, Horse Racing, and Tennis, in contrast to those with a more limited audience appeal.

Furthermore, the inclusion of market depth (betting options) also contributes to the overall score, emphasising the importance of “quality over quantity”.

This approach ensures that not only the sports but also the richness and diversity of betting options within each sport are taken into account in the evaluation process.

9.0
Out of 10
Excellent

3. Odds

Mediocre

In a random sample of 20 selections, NetBet’s odds lagged behind the betting exchange Back odds by 7.79%. The average decimal price for the bookmaker’s odds in the sample was 3.15, compared to the betting exchange’s 3.41, indicating that the odds fall within the standard range for a bookmaker, but are slightly on the lower side according to this sample.

While this sample doesn’t provide a precise measure of NetBet’s pricing value, it does shed light on the potential variance between their odds and the leading prices on the betting exchange. Consequently, this comparison significantly influences the overall rating of this bookmaker.

Bookmaker vs Exchange Odds

Note: Please be aware that this sample only includes odds from top-flight European football leagues. To ensure uniformity across all bookmaker reviews, odds were capped at 10.0. We are committed to enhancing the depth and precision of this data regularly.

  Why are the exchange odds higher?

The betting exchange provides industry-leading odds generated by the public, traded peer-to-peer rather than against the betting company. These odds are widely considered the most accurate in the market. The betting exchange earns its revenue through a commission, usually applied to winnings.

In contrast, bookmakers operate under a different model, incorporating a margin or “edge” into their odds. Consequently, the prices offered by bookmakers tend to be lower than those found on the betting exchange.

This crucial information is often overlooked by many gambling affiliate sites, but for the sake of transparency, it should be common knowledge. Despite this, bookmakers give many advantages over betting exchanges.

5.1
Out of 10
Mediocre

4. Bonuses

Good

The current NetBet signup bonus, ‘Bet £5 Get £10,’ is straightforward but comparable sites offer more enticing incentives to new players. At the time of writing, it stands at 56.3% below the average value of free bets featured on this site.

Notably, NetBet has a track record of offering appealing promotions to existing players, and at the time of writing, it features the following:

  • £5 free bet when placing a £5 bet builder
  • £5 free bet with a £10 wager on a football 4-fold
  • Acca Boost of up to 50% more winnings

The overall bonus offerings from NetBet provide regular value to existing players. However, it would be great to see a little more generosity in the the signup promotion.

Those who haven’t yet opened an account can claim the signup promotion through the NetBet site.

Is The Signup Bonus Worth It?

According to our calculations, an average customer stands to gain approximately £5.97 in value by taking this promotion, indicating a favourable proposition for the player.

However, it’s crucial to note that this value serves as a guideline, and taking up the promotion still involves the risk of losing the initial qualifying Bet Builder bet. Therefore, while the promotion presents potential value, it doesn’t guarantee a profit for every participant.

  How was this bonus valued?

This bonus was mathematically valued using an “average case” scenario. This makes few important assumptions:

  1. Odds gathered in the previous section are assumed to be representative of the overall value offered by the betting site. 
  2. Qualifying bets are assumed to be placed at the minimum required odds for the promotion (4.0) to reduce risk.
  3. Free bets are assumed to be placed at decimal odds of 3.5, representing “medium risk” outcomes.

The same assumptions apply in all betting site reviews featured on Punter2Pro. This ensures that free bets & promotions can be compared consistently and fairly.

This approach helps to highlight valuable promotions, as well as cases where a typical bettor does not stand to benefit.

5.1
Out of 10
Good

5. Payment Options

Good

NetBet offers a comprehensive range of 13 payment methods for transferring funds to and from the betting site, covering 33% of all recognised methods assessed in my reviews.

Among these, 8 are classified as ‘core’ payment methods, representing the standard options commonly expected at any reputable betting site. The remaining 5, though less popular, cater to specific preferences that some customers may choose.

It’s important to emphasise that the inclusion of core payment methods contributes more significantly to the bookmaker’s score in this section.

Popular Methods Supported

Mastercard | Gambling Payment Method | Pros & Cons
Visa | Gambling Payment Method | Pros & Cons
Bank Transfer | Gambling Payment Method | Pros & Cons
Skrill | Gambling E-Wallet | Pros & Cons
Neteller | Gambling E-Wallet | Pros & Cons
Trustly | Gambling Payment Method | Pros & Cons
EcoPayz | Gambling E-Wallet | Pros & Cons
PayPal | Gambling E-Wallet | Pros & Cons
Paysafecard | Gambling Prepaid Credit Card | Pros & Cons

All Available Methods (A-Z)

7.1
Out of 10
Good

6. Withdrawal Speed

Moderate

NetBet’s withdrawal times vary depending on the chosen method, usually processed at a competitive average speed of up to 3 working days across all payment methods. According to the collected data, this speed is 37.47% slower than the average of all bookmakers reviewed on this site.

The efficiency of withdrawals plays a crucial role in determining the bookmaker’s overall rating, as every sports bettor deserves to receive their funds in a timely manner.

Payment MethodWithdrawal TimeMinimumFee

Bank Transfer
1 - 5 days£10Free

Visa
1 - 5 days£10Free

Mastercard
1 - 5 days£10Free

PayPal
1 - 5 days£10Free

Paysafecard
1 - 5 days£10Free

EcoPayz
1 - 5 days£10Free

  How is withdrawal speed graded?

The rating for this section is derived from a combination of data, incorporating:

  • The bookmaker’s officially stated withdrawal times, dependent upon the successful completion of Know Your Customer (KYC) requirements.
  • Average withdrawal times as reported by actual customers with real-world experiences.

I aim to gather enough data to provide accurate estimates of the withdrawal times for various payment methods. If insufficient data exists for a particular method, it is not included in the above list, and therefore does not impact the rating.

6.7
Out of 10
Moderate

7. Features

Excellent

What features does NetBet offer to elevate the quality of its service?

NetBet presents six primary Sports Betting features, placing it at an average level. Notably, NetBet’s Cash Out feature and Bet Maker (a Bet Builder for customising bets) contribute to a dynamic betting environment. 

Regrettably, NetBet does not offer its own Request A Bet (RAB) feature or Live Streaming. The absence of these two features puts the site at a disadvantage compared to some of its more established competitors.

Additionally, NetBet includes two primary Customer Support features, facilitating general inquiries, bonus eligibility checks, or requests for self-exclusions or time-outs. However, there is no 24/7 support, which also slightly dents the score for this section.

If these features align with your needs, NetBet may prove to be a suitable betting site for you.

Sports Betting

Features that enhance the sports betting experience. These count more towards the score for this section than 'Customer Support' features. 

Customer Support

Features that enable customers to seek assistance quickly and effectively. These count less towards the score for this section than 'Sports Betting' features.

  • Live Chat
  • Phone Support
  • Email Support
  • 24/7 Support
7.5
Out of 10
Excellent

8. User Interface

Good

Since the assessment of Netbet’s user interface quality is subjective and varies among users, I’ve evaluated it based on predetermined criteria. This formed two equal ratings of ‘Great, slightly exceeds expectations’ for both the mobile and desktop versions of the site.

It’s worth noting that the mobile interface holds slightly more significance in the overall rating, reflecting the growing preference for mobile apps over conventional desktop platforms among users.

NetBet's mobile app closely resembles its desktop counterpart in terms of design and aesthetics, which facilitates a seamless transition between devices.

The combination of bold grey bet selections against a white background, complemented by dark greys for menus, creates a cohesive and visually pleasing experience. However, this is occasionally let down by styling inconsistencies, such as text spacing/capitalisation and font sizes, which detracts slightly from the overall experience.

The grid layout, spanning the width of the mobile screen, presents bet options prominently, requiring minimal user precision. Generally this design choice works well, but the downside is that the large buttons limit the number of visible betting options at a glance.

On a positive note, the app operates swiftly and offers intuitive navigation, accessed conveniently via the 'sports' icon in the bottom left corner. It also includes a basic search function.

A standout feature of the app is the 'Bet Assist' button, providing instant access to relevant statistics for various bet types. For example, for the '1st Half Result' market it reveals recent results of first-half games for both teams in the match.

It should be noted that while using the NetBet app, I encountered minor cosmetic bugs, causing some elements to display incorrectly. This prompted a slight deduction in the overall score.

Mobile Ratings
Content
Navigation
Aesthetics

While the NetBet desktop site may not suit everyone's preferences, its strengths outweigh the drawbacks.

The colour scheme is tidy, with dark greys utilised for menus and light greys alongside white for primary content. Occasional dashes of green accentuate buttons, icons, and titles, contributing to a modern appearance.

However, the robotic font style employed across the site, in my opinion, detracts from its appeal, appearing somewhat clumsy and less legible compared to a more traditional font.

NetBet's desktop site excels in consolidating numerous bet selections onto a single page, facilitating easy access to a plethora of options at a glance.

Navigation is seamless, with popular sports conveniently accessible via the vertical menu on the left-hand side and an extensive list of all sports below it. Additionally, the site features a basic search function for locating specific markets, although it does not recognise some obvious naming conventions, such as "Man United", which is disappointing.

For popular sports, a match centre display infographics and statistics. which complements the page effectively. But regrettably NetBet lacks a live streaming option.

On a brighter note, the site hosts an active blog featuring sports news and predictions from personalities such as Ray Parlour.

Desktop Ratings
Content
Navigation
Aesthetics
6.9
Out of 10
Good

9. Fund Protection

Moderate

An essential consideration in evaluating NetBet is the level of fund protection. How secure is your money with NetBet?

The site holds a ‘Medium’ fund protection rating, as determined by the Gambling Commission. This indicates that certain measures are in place to separate customer funds from the business accounts, ensuring the distribution of assets to customers in the event of insolvency. However, it’s crucial to recognise that fund protection is not guaranteed.

While fund protection is a key factor, assessing the financial performance of the company provides a more practical indicator of the likelihood of insolvency. The entity behind NetBet is ‘Netbet Enterprises Limited’, registered in Malta. Although the exact annual pre-tax profit is undisclosed, it is reported to be in the range of £20-30 million. In comparison, the average annual profit across all sites reviewed is £51,900,000.

While these estimated figures do not tell the whole story, it provides some insight into how NetBet is faring in a business context relative to its competitors, influencing the rating for this section.

Additionally, I researched account dormant fees, applicable to inactive betting accounts. NetBet imposes account dormant fees of £5 per month after 12 months of inactivity. This negatively affects the score for this section, as some bookmakers do not charge any dormant fees.

By considering these potential risk factors collectively, a fair and significant score has been formulated for this section.

  How accurate are these profit figures?

I’ve made every effort to research the pre-tax profits of the featured gambling sites in my reviews, but I cannot guarantee absolute accuracy.

Due to the complex setups of gambling companies, which are often divided into different parts around the world, complications arise in determining their true profitability. Moreover, the landscape is constantly evolving with frequent mergers and investments occurring, adding yet another layer of complexity to unravel.

While I strive to offer a helpful insights, it is advisable for you to conduct further research if you have any concerns.

3.5
Out of 10
Moderate

10. reputation

Strong

Lastly, I have delved into NetBet’s reputation, focusing on customer satisfaction and brand image.

To capture an accurate public perception, I have collected feedback from various sources, including customer feedback platforms and respected gambling communities. This comprehensive evaluation formed an average user rating of 7.33 out of 10, positioning the bookmaker as well-regarded, with occasional complaints—a common occurrence in the sports betting industry.

Additionally, as of the current writing, NetBet has no recorded regulatory actions with the Gambling Commission, indicating a clean track record and a positive public image. These considerations hold significant weight, as trustworthiness and reliability are vital for delivering a positive user experience.

  Do any sites have an immaculate reputation?

It’s highly unlikely that any betting site will score maximum points in this section, for a good reason — none of them are perfect.

Even the most prominent and reputable sites in the online gambling business have weathered their fair share of bad publicity, and I won’t shy away from that.

Nevertheless, the landscape of the gambling sector is undergoing positive transformations. Faced with heightened regulatory scrutiny and societal expectations, companies are being forced to improve their standards. Many are rising to the occasion, creating a significant gap between the commendable platforms and those falling way short of the mark.

I hope that the industry continues to push for a more responsible, enjoyable experience for all customers and that, eventually, this section will produce higher ratings in my reviews.

Learn more: Problems In The Gambling Industry

7.3
Out of 10
Strong

Verdict

In summary, according to the Punter2Pro bookmaker rating system, Netbet achieves a commendable total score of 6.7. It stands out as a great sportsbook, showcasing numerous strengths, albeit with some areas for improvement.


My Opinion

Netbet may not be the first pick for every sports bettor, but it certainly holds its own. Its extensive selection of sports and markets, coupled with a solid array of sports betting features, makes it a compelling choice.

Furthermore, NetBet offers a solid variety of payment methods and provides a solid user interface for both its mobile and desktop platforms.

While NetBet doesn’t stand out significantly in one single aspect, its overall offering remains competitive across the board. However, its rating is somewhat tempered by its mediocre odds.

Nevertheless, for those seeking a reliable and versatile sports betting platform, NetBet is an option.

Pros
Cons
6.7
Out of 10

Good

FAQ

What products does NetBet offer?

Netbet offers seven main products: Sportsbook, Casino, Live Casino, Poker, Bingo, Virtual Betting, and Lotteries, aiming to cater to diverse player preferences.

What sports betting features are available on Netbet?

NetBet offers six main sports betting features, including Cash Out and Bet Maker, enhancing the betting experience for users.

 

What is NetBet's reputation among users?

NetBet maintains a strong reputation, with positive user ratings and no regulatory actions on record with the Gambling Commission, reflecting reliability and trustworthiness.

How quickly does Netbet process withdrawals?

Netbet typically processes withdrawals within 3 working days — slightly slower than the average speed, but competitive among bookmakers.

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Toby @ Punter2Pro