Bet Banks Sportsbook

Betting on sports is fun, but ultimately the sports bettor wants to sign up and bet on sports at a reputable sports betting site so they can win big. With this in mind, they will always be on the lookout for bonuses, but it is very important to know which sportsbook you are playing with and if a bonus is too good to be true.

Bet Banks Sportsbook is a sports betting site that has rushed to social media and other avenues to brag about one of their promotions. That promo is a big bonus as they offer 25 percent to all new signups. It is not surprising that they offer 25 percent, but what is surprising and concerning is that they have no rollover. With no rollover, the player can take out their money as soon as they want and this puts the sportsbook into a liable position and is a bad way to handle business. Bet Banks Sportsbooks started in 2007 and they are located in Costa Rica and they have not restricted any countries.

The Costa-Rica based sportsbook claims to be primarily a credit outfit with 10 percent of their business driven by post-up clients. This is not good as they are basically new to the business, giving away big bonuses and letting players play on credit which are all bad signs for a sports betting site. This business model is not sustainable long-term, and is potentially a fly-by night attempt at soliciting player deposits. Bet Banks can only process Western Union and MoneyGram transactions, which is consistent with previous scam sportsbooks and they are walking on thin ice with all of the sportsbook watchdog sites. When it comes to bonuses, if it looks too good to be true in this business it usually is.

They offer sports betting and a full range live dealer casino with table games including Live Roulette, Live Baccarat, Live Blackjack and Live Poker. They also have other perks and reasons that are enticing to sign up, but don’t be fooled. There are more reasons to not signup than there is to send your money to this suspicious sports betting site.

First, they are new and have only been in business since 2007. When betting at a sport betting site you want to have a place that has been in business for decades and not just a few years. The sports betting site needs to have a solid reputation before they are considered safe.

They also offer up big bonuses with no rollovers which is a bait tactic to get people to sign up. Once they get your money they are not going to let go so if you want the big bonus it won’t really matter because they have no intention of paying you.

Once it gets out that this sportsbook is trying to steal money and keep it, then the clients will start complaining and it won’t be too long before the doors close and the site folds. They leave with money and then set up shop in another few weeks with another name. Bet Banks is a big bust and not a place that you should sign up at.