It is nearly impossible to find a sportsbook site that is unanimously loved by players and online review sites all across the internet, but Bovada has managed to do exactly that. Formerly known as Bodog, this sportsbook was established in December 2011 and is based out of Canada even though they only serve U.S. customers.
The popularity of Bovada is well-deserved considering the depth of their sportsbook and the various lines and markets that they offer is tough to match. Join us now as we investigate further into what this sportsbook has to offer and also give an honest look at what they are lacking.
Betting Platform at Bovada
Bovada is known for having a very user-friendly betting platform that makes it extremely easy to find what you are looking for. As soon as you click on the “Sports” tab at the top of their homepage you will notice that all of the major sports are automatically listed at the top of the screen with an additional option to see “All Sports A-Z” if you wish.
Under the major sports bar at the top of the page there is a section called “Quick Links” which is essentially a list of all of their most popular betting markets for that week. This list can be very useful when trying to find a bet you want to make or even if you want to see what they have to offer without having to scroll through the long list of available sports.
Further down the page, Bovada lists all of the live bets for events that are already in progress. These bets make it obvious that they are “live” thanks to the giant yellow squares next to each contest that says how much time is remaining. The odds that are listed for each of these events are updated on a regular basis and once a bet becomes unavailable they will strike a line through it and make the font gray.
Anytime you select a bet by clicking on the corresponding square that bet will instantly appear in the Bet Slip on the right side of the page. Once you have confirmed that the bets on the bet slip are exactly what you wish to wager on, you simply need to click on the “Place Bet” button.
*It is worth noting that this bet slip used to involve a review step before your bet is officially made after clicking the “Place Bet” button but that step has since been removed.
Sports Available for Wagering at Bovada
Bovada list of “Most Popular Sports” includes football, baseball, golf, tennis, soccer, hockey, and basketball. However, this is only a small percentage of the different sports that can be wagered on and it is tough to find a market that they forgot to include.
The rest of the list of sports that you can be found in Bovada’s sportsbook includes Aussie rules football, badminton, boxing, cricket, cycling, darts, eSports, Gaelic games, handball, horses, motorsports, rugby league, rugby union, snooker, table tennis, UFC/MMA, virtual sports, volleyball, winter Olympics and winter sports.
There are also a few categories that do not technically qualify as sports such as entertainment betting, politics, and the numbers game which is a unique lottery-style game with tons of betting options.
Types of Wagers You Can Make at Bovada
No matter which major sport you decide to make wagers on, Bovada will allow you to make bets on the point spread, the moneyline, and the point total for that competition. These bets can be made for both the entire game or for a small portion of the game, such as first half lines, second half lines, or even quarter lines. Some contests will also give you the option of betting on alternate lines that come with much different payout odds than the regular lines do.
If betting on the outcome of each contest is not your idea of a good time then you could consider making futures bets which are also available in nearly every major sport. These bets usually require you to predict who will win the overall championship for that season but there are also future bets focused on who will win each division or conference. You could also consider making specials bets or prop bets which are extremely specific bets on what a certain player or team will do during a contest or even a whole season.
If you find more than one bet that you like, Bovada gives many different options so that you can incorporate all of these choices into one bet. The types of multi-bet options that they offer include parlays, teasers, or round robin bets which will all give you a chance to maximize your potential earnings while also increasing the amount of fun that you have. For example, a 2-team parlay with -110 odds on both bets will pay out 2.645 to 1 on your money while a 12-team parlay with the same odds will pay out a whopping 2,342 to 1.
Mobile Sportsbook at Bovada
If you are unable to get back to your home computer before the sporting event you wish to bet on begins, there is no need to worry since Bovada is one of the only online sportsbooks who offers their very own mobile app. In the Play Store, this app is named “theBVD Mobile Events” and once you complete the download you simply need to log into your Bovada account before you can start wagering.
While this mobile app seems to be receiving bad reviews with an average rating of 2.9 stars out of 5, we do not see any reason why this should be the case. In fact, more than 60% of all bets that occur in the casino or the sportsbook on Bovada are done with this app.
The sports betting portion of this app allows you to bet on all of the same sporting events that you have access to from your personal computer and the software layout is quite clean and user-friendly. You will even have access to the Live Betting Odds so that you can wager on games that already started right from your smartphone.
Live Sports Betting at Bovada
The Live betting feature of Bovada is great for those who think they know what is going to happen next while a game or event is already in progress. Want to bet on a live soccer match in Peru or a live volleyball game in Brazil? This is done easily on Bovada by clicking on the big “Live” button in the upper left-hand corner of their sportsbook website. The list of sports that are supported by this feature is so extensive that it has given Bovada a leg up on their internet sportsbook competition.
The yellow box next to each event tells you exactly how much time is remaining in that contest and each bet is grouped together with all of the other bets for that specific sport so that they are easy to find. As soon as you click on the live bet you wish to make it will appear in the bet slip where you simply need to enter how much money you want to wager and then click on the red “Place Bets” button.
Sportsbook Welcome Bonus at Bovada
No matter which deposit method you use to fund your account you will have the option of claiming one of the two welcome bonuses that Bovada offers for their sports bettors. The $5,000 Bitcoin Welcome Bonus is only available for those who deposit using Bitcoin while the $500 Sports Welcome Bonus can be claimed using any other deposit method.
The $5,000 Bitcoin Welcome Bonus might seem like the most lucrative option since the bonus amount is 10x higher than the other bonus, but if you take a closer look at the terms for this bonus you will notice that $4,500 of the $5,000 in bonus funds are available solely to casino players.
The only big difference between these two Welcome Bonuses is that the rollover requirement for the Bitcoin Welcome Bonus is set at 5x the sum of the deposit plus the bonus amount, which is much easier to clear than the 10x rollover requirement of the Sports Welcome Bonus.
Additional Sportsbook Bonuses at Bovada
Bovada does not offer any other long-term promotions for their sports bettors outside of the Welcome Bonuses. However, you will occasionally find seasonal promotions or event-specific promotions that give extra incentive to make a wager. For example, they will routinely have drawings which simply require you to make a deposit during a certain timeframe in order to earn a raffle ticket and the prizes are usually quite impressive.
The current deposit promotion that they are offering for the next biggest UFC fight will reward the winner with two tickets to see the event in Las Vegas, two roundtrip flights, and two nights comped at the famous Caesar’s Palace. Even since back in the days when they were named Bodog they were known for doing extravagant promotions like this and it definitely sets them apart from other sportsbooks.
Deposit Options at Bovada
If you like what Bovada’s sportsbook has to offer their bettors then the only thing left to do is make a deposit into your account using one of the five available deposit methods. Two of the deposit methods are digital currencies known as cryptocurrencies that go by the name Bitcoin and Bitcoin Cash. The other three deposit methods are all major credit or debit cards such as Visa, Mastercard, and American Express.
The minimum amount that you can deposit is set at $20 for the cryptocurrency methods and $25 for the bank card methods. The maximum amount that you deposit at once is $5,000 with the cryptocurrencies and $1,000 with the bank cards. This means that no matter whether you are a low roller or a high roller the ideal deposit method is going to be the cryptocurrencies.
No matter which deposit method you decide to use, the transaction will be secure, instant, and free of charge. The only delay that might occur is if you do not yet have a wallet such as Coinbase.com to purchase Bitcoin with, but the sign-up process for that site is relatively painless.
Withdrawal Options at Bovada
The four different ways that you can withdraw your funds on Bovada are with Bitcoin, Bitcoin Cash, a wire transfer, or a check by courier. However, it is important to note that if you did not originally deposit with Bitcoin or Bitcoin Cash then your only withdrawal options will be to order a check by courier or a wire transfer.
If you are a low-roller, you are most likely going to want to withdraw your funds using Bitcoin or Bitcoin Cash since the minimum withdrawal limit is set at just $10. If you withdraw using a wire transfer this minimum limit is set at $1,500 while the check by courier comes with a $100 minimum.
If you are a high-roller, you will be pleased to learn that there is no maximum withdrawal limit on the wire transfer method. This is pretty much the only situation where the wire transfer outshines the cryptocurrency withdrawal methods since they come with a $9,500 limit for every three days. The check by courier is the worst option when considering these maximum limits since you can only withdraw $3,000 every seven days.
Bovada insists on charging a $50 fee for any withdrawal you make, which is definitely not ideal for anyone wishing to place bets on this superior sportsbook. The good news is that they waive this fee for your first withdrawal each month, so we recommend only doing one withdrawal per month and ducking these fees if at all possible.
The speed with which you receive your funds from Bovada all depends on which withdrawal method you choose. Bitcoin and Bitcoin Cash are by far the fastest options since the processing time is advertised as being a mere 15 minutes or less and the coins will then appear in your Bitcoin wallet within 24 hours. The other options will all take between 10-15 business days to process and the checks can sometimes get lost in the mail so you should certainly avoid these options if you are in a hurry to receive your funds.
We highly recommend this sportsbook to anyone who enjoys fast withdrawals, a user-friendly betting platform, and an insanely large number of betting markets to choose from. Their mobile app is so advanced that it is almost exactly like betting from your computer and their live betting feature is a game-changer that is unmatchable across the industry.
The only complaints that we have about Bovada are the fact that they charge $50 if you withdraw more than once in a month and that they are not currently licensed by any governing body. Even so, Bovada is quite superior to any other options that are available to U.S. players and every serious American sports bettor should have an account here.