Top Bet sportsbook premiered on the scene in 2002. For most of their tenure, they had a poor reputation as a sportsbook due to their ties to FutureBet Systems. FutureBet is notorious for non-payment and slow-pays to not only their customers but also business partners.
However, the good news is that Top Bet severed most of their ties with FutureBet in 2012. They brought in a new management team, and while the industry was skeptical at first, the new team at Top Bet has done an excellent job since taking over. Top Bet still operates with FutureBet’s wagering platform and software, but they, crucially, handle their own payment processing.
Top Bet is based in Manila, Philippines. Although the company operates on the other side of the world, they are licensed by the Government of Curacao’s Gaming Commission. Citizens of the United States are accepted, but Top Bet also accepts players from many countries internationally. In addition to their sportsbook, they offer a racebook and online casino.
50% Bonus up to $250
First-time depositors will receive a 50% Freeplay Bonus up to $250 on their first deposit. This new account bonus comes with a 5x rollover before players can withdraw any potential profits. Players are eligible for this promotion on their first deposit only.
Top Bet also offers a 10% reload bonus up to $100 for any deposit after players use their initial deposit bonus. This bonus isn’t a large one, but it’s for every deposit made at Top Bet, provided you don’t have a pending bonus to clear. Best of all, it only requires a 3x rollover to clear.
While they accept players from all over the world, Top Bet is heavily focused on North American sports and, more specifically, professional and collegiate competitions in the US. They will have some international options, but the vast majority of their markets will be focused on the most popular sports.
As a still relatively small player in this market, Top Bet has some imaginative oddsmakers. They’re quick to offer propositions on current happenings and have a strong stable of team and player props for the NFL and NBA. There also is at least one future market for each sport offered.
Aside from the “Big Four” of basketball, football, hockey, and baseball, there’s a relatively decent menu of other sports. This wouldn’t be a top sportsbook for an expat living in the US, but the number of options considering their size is impressive.
Their full list of sports available, aside from the major US and Canadian professional and amateur leagues, is soccer, golf, boxing, rugby, tennis, mixed martial arts, auto racing, and cricket. They offer many soccer leagues and prominent competitions across the world, such as the World Cup, Euro Cup, and UEFA Champions League.
Beyond basic bets like sides and totals, their betting options go a little farther but won’t match bookmakers with nearly unlimited betting options, like 5Dimes. Other wagers include parlays, teasers, if-bets, and reverses.
None of these bets offer any exceptional odds. Their parlay and teaser odds sit at the industry standard. They do offer the ability to parlay propositions wagers. This is a unique feature that isn’t available at other offshore sportsbooks.
Their live betting options are extremely basic. They do offer adjusted spread, total, and moneyline betting, but that’s about it. There are no player props, team props, or any betting options.
Overall, Top Bet won’t impress players too much with their odds. Since they’re a heavily recreational book, they may have some decent underdog lines, but many of their markets are below average.
Wagering limits have increased since the sportsbook went under new management, but they are much lower than other offshore giants. This shouldn’t be seen as an indictment on the health of the sportsbook. In fact, it shows that they are slowly growing their business and not taking risks by accepting too-large of wagers.
Only football, both NFL and NCAA, have maximum bets of $2,000 on sides and totals. Even major sports, like the NBA and NCAA basketball, will have a max of $1,000 on sides and just $500 on totals. Hockey and baseball have a $500 max amount on both sides and totals. Limits are at $500 for their other markets, or even lower in some cases. Some propositions may have a max bet of just $100.
Despite being a smaller bookmaker, Top Bet offers 24-hour support. Their staff has gotten some negative comments, but in general, the response from players is positive. They can be contacted by email, phone, and live chat.
Deposits and Withdrawals
This is one area where they could offer some more options. Compared to other offshore bookmakers, their list of choices is rather short. With that said, players should have no trouble depositing or withdrawing their funds.
They have just two methods for deposit – that is, by credit or debit card (Visa or MasterCard) or person-to-person transfer (Western Union or MoneyGram). Top Bet will cover all fees for deposits of $300 or more via person-to-person transfer using either method.
Unfortunately, they have just two withdrawal options and don’t offer cash transfer as one of the methods. Bettors can withdraw via check or back to their debit card.
Checks come with a $2,500 maximum and $40 fee per check. Top Bet quotes 8–15 business days for their processing timeframe, and that seems match most reports we’ve gotten from players in recent weeks.
Payment back to debit or credit card is relatively unheard of in US markets but is more prevalent in Europe. However, every depositor who uses a personal card can use this method. Players can get up to $2,500 per transaction, and there’s a $40 fee per payout. These are processed in 3–8 business days.
Top Bet will provide one free payout per month via either method to players. Their speeds are well in line with the industry, and they have consistently paid players since the management change in 2012.
Top Bet had a tumultuous history during their time with FutureBet, but we can’t hold that against them today. Their odds aren’t anything special, and they are more suited towards recreational bettors rather than professionals, but they have a substantial list of markets, an excellent deposit bonus, and most importantly – they’re paying their players.
Author: Joseph Falchetti
Copyright: OnlineBetting.com 2015