RakeBit sportsbook review

Editor’s View – Key Facts We Discovered About This Sportsbook

• Wide Sports Variety: Features over 40 sports and 30 eSports with 1,000+ football markets alone.
• Odds Customization: Users can choose from European, American, and other formats.
• Real-Time Engagement: Live betting is accompanied by an active chat group for social interaction.
• eSports Hub: One of the largest selections for eSports betting, including FIFA, Dota 2, and Valorant.

This relatively new sportsbook (founded in 2024) has a Costa Rican license, guaranteeing it complies with basic regulatory standards. Although this license is not as prestigious as the UKGC or MGA licenses, its transparency and player engagement add credibility.

This sportsbook has excellent accessibility for global players. Some of the things you will find when you visit this sportsbook are a vast array of sports and eSports betting and a seamless registration process. It is especially praised for its wide range of crypto payment methods and interactive betting features.

Using our TOPScore system, I gave this sportsbook a rating of 4.6. This rating was given after taking key metrics like security, market coverage, bonuses, and more into consideration. To discover more about our TOPScore system, check out our how we rate guide.

Now, what I liked and didn’t like about this sportsbook?

User Experience – Mobile App and Website

Navigating this site, which is one of the new betting sites on my mobile phone or laptop, was flawless with no hiccups. The interface is clean, intuitive, and organized, with sports categories clearly laid out, making it easy to find events or odds of interest.

If you’re using the mobile app, you’ll appreciate its speed and responsiveness. The design remains consistent across devices, and I found the live chat group especially engaging, allowing me to connect with other bettors in real time.

This sportsbook site is impressively intuitive on mobile and desktop.

If security is your concern, the sportsbook employs 2FA and SSL encryption to protect your account and transactions. The crypto-only nature of it further enhances anonymity and reduces risks associated with traditional payment methods.

It is licensed under Costa Rican regulations, which means it complies with industry standards, although this license is not as stringent as MGA or UKGC licenses.

Registration At This Sportsbook – My Experience

It was a very pleasant one. Signing up was simple, anonymous, and hassle-free. That makes it ideal for you if you value convenience.

This sportsbook site exclusively supports cryptocurrency payments, ensuring fast, secure, and anonymous transactions. Supported cryptos include major coins like BTC (quick and reliable), ETH (higher network fees), LTE (budget-friendly), USDT (TRC20, ERC20, BEP20), BNB, and more.

What’s Missing? Fiat payment methods, such as credit/debit cards or bank transfers, aren’t available. For bettors new to cryptocurrencies, the platform offers a built-in “Buy Crypto” feature powered by MoonPay, simplifying the onboarding process.

Here are some deposit and withdrawal details that may be good for you to know:

• Minimum Deposit: Ranges from 2 USDT to 20 USDT, depending on the cryptocurrency.
• Minimum Withdrawal: 10 USDT equivalent for most cryptos.
• Maximum Withdrawal: Up to 500,000 USDT per month, depending on your VIP level.
• Fees: No additional fees from this sportsbook, but standard blockchain fees apply.

How Was My Deposit Process Using LTC?

As expected, the deposit process was smooth and efficient. Here are the steps I followed:

1. Clicked on “Deposit”: Found conveniently on the main dashboard.
2. Selected the cryptocurrency: I picked Litcoin from the list of available coins.
3. Copied wallet address: Copied the unique wallet address provided.
4. Transfered Funds: Sent funds from my personal crypto wallet.
5. Waited for Confirmation: The deposit reflected within 10 minutes.

How Did I Place a Bet?

Placing a bet was never easier! I was impressed by how fast and easy it was. This is what I did:

1. Navigated to the sports section: The main menu prominently features all sports categories.
2. Picked a match: I selected a Premier League football game.
3. Set odds format: Changed the default European odds to Fractional for easier understanding.
4. Entered stake amount: Typed my wager amount directly into the bet slip.
5. Confirmed the bet: With one click, my bet was placed, and I received instant confirmation.

My Experience with Withdrawing Winnings Using ETH

Withdrawing my winnings was surprisingly straightforward, with minimal delays. Everyone wants to take your cash but doesn’t want to return it. This is what I did:

1. Clicked on “Withdraw”: Easily available in the account dashboard.
2. Selected the cryptocurrency: I opted for Ethereum for faster transaction speeds.
3. Entered wallet address: Pasted my private wallet address.
4. Specified the amount: Ensured I met the minimum withdrawal limit.
5. Submitted my request: My withdrawal was processed within 20 minutes, though larger amounts can take up to 48 hours.

The average withdrawal time using the main coins is 20 min due to occasional blockchain transaction delays.

Sports Betting – What It Offers?

If you are into sports betting, this sportsbook site has a section where you can place bets on over 35+ sports, including soccer (football), basketball, golf, baseball, cricket, and even American football.

Below, you can see everything this site offers when it comes to sports betting.

Betting Markets

This sportsbook offers a staggering range of betting markets, covering over 40 sports. From football with 1,029 markets to niche events like Kabaddi and Speedway, the variety caters to casual fans and seasoned bettors alike.
Its focus on mainstream sports such as basketball (266 markets), tennis (75 markets), and MMA (102 markets) ensures broad appeal, while its inclusion of arm wrestling, and alpine skiing provides a fresh twist.

If you’re into unique betting options, it also includes Bulgarian football and amateur Kabaddi, which adds diversity to its offerings. This extensive selection keeps the experience engaging and ensures there’s something for everyone.

Odds

The odds here are highly competitive across major and niche markets. I compared this sportsbook’s odds with other platforms and noticed that their offerings in popular categories like football and MMA are on par with leading competitors.

If you’re a global bettor, you’ll appreciate the option to toggle between six formats: European, American, Fractional, Hong Kong, Malaysian, and Indonesian. Changing the odds format is simple and can be done from the settings menu, making it user-friendly for bettors worldwide.

Range of Bets

Its diverse range of bets is impressive. I explored single bets, accumulators, and system bets, all of which were easy to set up via the intuitive bet slip. The sportsbook also offers innovative options like Asian handicaps and prop bets, which enhance the betting experience.

Live Betting and Streaming

Live betting at this sportsbook site elevates the excitement with real-time updates and fast-paced odds changes. Whether it’s a Premier League match or a Dota 2 tournament, the live betting section is well-organized, making it easy to find ongoing events.

If you’re into live-action, the platform’s live streaming feature is a standout. I watched a Brazilian MMA fight while placing bets, and the seamless integration of video and betting functionality added a new layer of engagement.

eSports Betting – What It Offers?

Over 340 eSports markets bring gamers into the betting action. With a strong lineup that includes CS:GO (27 markets), Dota 2 (34 markets), and FIFA (63 markets), eSports fans have plenty of choices at this cryptocurrency site, which is one of the best eSports betting sites.

If you’re a fan of emerging titles, it also covers niche games like StarCraft, Arena of Valor, and Rocket League. Tournaments are easily accessible, and the odds are presented in all six formats for global appeal.

Live Betting and Streaming for eSports

This sportsbook’s live eSports section is a treat for fans. I placed bets on an ongoing CS:GO tournament while following the live updates, and the process was smooth and engaging. Live streaming integration could elevate this feature further, but real-time stats and odds shifts still kept me entertained.

Bonuses and Promotions – What Can You Claim?

You have plenty of options when it comes to cryptocurrency betting bonuses at this sportsbook. They provide unique promotions for both sports betting and eSports betting. Since these bonuses vary, what can you take advantage of when you visit the crypto sportsbook?

💰 Welcome Freebet – 50% Free Bet as a Welcome Bonus.

How it works:

1. Register a new account.
2. Make an initial deposit of at least 20 USDT.
3. Receive the bonus instantly.

The wagering requirement is x8, the minimum odd is 1.7, and the lifetime of the bonus is 10 days.

1. Sports Betting Bonuses

Here are a couple of sports betting bonuses you can find at this sportsbook crypto site.

2. eSports Bonuses

Here are bonuses you can claim at this sportsbook crypto site if you’re an eSports fanatic.

Limits

This sportsbook offers flexible betting limits, with minimum bets as low as 0.01 USDT and maximum payouts going up to 500,000 USDT monthly.

If responsible gambling is a priority, you may find the platform’s tools limited. Unlike some competitors, this sportsbook doesn’t offer comprehensive features like wager limits or session caps, but its partnerships with organizations like BeGambleAware offer external support for players in need.

Manage your betting responsibly and explore this sportsbook’s limits to maximize your enjoyment.

Reaching customer support was easy and responsive. Upon signing in, the live chat popped up with an immediate greeting from a customer support agent—not a bot!

If you’re a non-member, you can easily ask for help via the “Live Chat” option in the website’s sidebar, which directs you to their live chat, and you can start a conversation with an agent. If you have a more complex query, I suggest you send them an email.

I wanted to test these two support channels as a registered bettor. Here is how it went:

1. I clicked on the live chat icon. The chat window opened instantly.
2. I typed in my issue. My query about deposit limits was answered within minutes by a friendly agent.
3. I followed up via email. When testing the email support channel, I got a detailed response very quickly, within a few hours, which was faster than most sportsbooks I’ve tried.

Overall, I’m happy with the support this sportsbook offers. It was helpful and efficient, with live chat being the standout option for real-time assistance.

Reputation – What Do Player Reviews Say About This Sportsbook?

Rakebit has a mixed reputation but actively addresses feedback. With a 3.4 rating on Trustpilot, many bettors praise the platform’s quick withdrawals, wide market coverage, and user-friendly interface. However, some complaints about withdrawal limits and account verification were noted.

If you’re concerned about customer service, the sportsbook is active on Trustpilot, resolving issues quickly and professionally. This proactive approach gives me, and I hope it also gives you some confidence in their commitment to bettors’ satisfaction.

Restricted Countries – Where It’s Not Available?

Here I come with some bad news: this crypto sportsbook site is restricted in some regions, even though it’s widely accessible. So, you won’t be able to reach the site without a VPN if you are in:

• United States
• United Kingdom
• Germany
• Australia
• Spain
• France
• Netherlands

Be careful if you’re in a restricted area, as consistent VPN use could lead to account issues. Always check the terms and conditions before placing bets.

Responsible Gambling – Available Tools

Sticking to the bad news theme, I want to let you know that the responsible gambling tools offered by this sportsbook are basic. Although you have links to BeGambleAware in the footer, the platform lacks advanced features like wager limits or self-exclusion tools found on competitors’ sites.

If responsible gambling matters to you, you may need to rely on external resources or set your limits manually. However, the platform encourages safe gambling practices through its informative pages.

My Final Verdict – Do I Recommend Betting at This Sportsbook?

Yes, I recommend it for crypto bettors seeking variety and ease of use. My experience on the platform was overwhelmingly positive, thanks to its vast range of betting markets, smooth navigation, and fast cryptocurrency transactions. The inclusion of niche sports and eSports options, coupled with multi-format odds, makes it appealing to both casual and seasoned bettors.

That said, there are areas for improvement. The lack of advanced responsible gambling tools and a more stringent licensing authority might deter some users who prioritize regulation and player protection. Additionally, while the promotions are decent, they could be more tailored to high-stakes players.

If you value a user-friendly sportsbook with diverse options, fast payouts, and active customer support, Rakebit delivers on those fronts. Its crypto-first approach and community-driven features like live betting chats make it a standout in the space, even with its minor drawbacks.