Redbet Ltd. was founded in May 2002 by a group of Swedish entrepreneurs, sports betting professionals and computer programmers, all with lengthy experience in the online betting industry.
It is Redbet’s mission to provide a market leading sports betting service. The intention had always been not to rush the introduction of Redbet’s on line service, instead ensuring the quality of its product before its launch.
Redbet’s internet service was launched online in August 2004 and it is licensed and regulated by the LGA of Malta. It also holds a license from the Gambling Commission allowing UK residents to gamble on the website.
Redbet.com also offers its players a casino and two poker rooms. The online casino is provided by the Net Entertainment Ltd. platform while the poker rooms are provided by the B2B Poker Network and Boss Media platforms, all licensed in Malta and offering state of the art technology and a very high quality experience to their players.
Redbet Offers and Promotions
New Redbet customers can pick up a 50% sports bonus up to €50 when registering a new account. Deposit €20 or more using the bonus code ‘welcome1’ to claim the free bet bonus.
Redbet offer free bet refunds and prize competitions during major sporting tournaments, with cash bonuses awarded for betting on the featured tournaments/events.
A monthly King of the Odds competition rewards the customer with the biggest winning odds a prize of €250 bonus with smaller prizes down to fifth place for a €500 monthly giveaway.
The Red Minute competition runs each week with the customer who successfully guesses the minute of the first goal in the nominated match gets to keep the prize. Players must bet €10 on the match to enter and the prize pool increases each week the competition is not won.
Customers can also pick up a bonus up to €20 on losing correct score, half time/full time and total goals bets on European club football competitons where the match ends 0-0.
Redbet Odds and Markets
Redbet sportsbook provides fixed odds on major global sports betting markets but there is no horse or greyhound racing. However, most major sports covered including American football, baseball, basketball, boxing, darts, eSport, floorball, football, golf, handball, ice hockey, MMA, motor sports, pool, rugby league, rugby union, tennis, winter sports and even politics
The majority of betting markets relate to football, and even during the summer months there are around 1000 different football markets to choose from. Redbet offers In-Play betting with outright match betting over a dozen markets during live football matches.
The odds on offer should provide decent value as Redbet’s margins are competitive, typically 3% on match betting and 9% on obscure football matches where many bookmakers would not wish to take much risk.
Redbet website has a fresh and modern feel. It lacks many of the bells and whistle of the bookmaking giants, but benefits from fast loading pages and a simple navigation system.
A recent upgarde to the Redbet website means it is accessible on desktop or mobile thanks to the responsive design. What you get is a simple and secure sportsbook offering betting opportunities with supporting statistics and unobtrusive details of the various promotions on offer at Redbet.
Redbet endeavours to make a player’s experience enjoyable and easy. To that end there is Live Chat, email and telephone support at hand. It is comforting to see telephone contact details available at Redbet who also promise to respond to email enquiries within 24 hours.