I’ve reviewed mBet Sportsbook on several aspects, including its bonuses and promotions, banking services, customer support, and features such as cashout, in-play betting, and live streaming. I hope this will give you a glimpse of what the brand is all about. With the information, you can decide whether it is the right cryptocurrency betting site for your betting needs.

Overall, mBet racebook platform checks all the boxes as far as racing is concerned. They have a unique welcome bonus, regular promotions for returning players, and reliable banking services.

The sports coverage is good, but their focus is on horse racing.

key information

  • Launch Year : 2017
  • Software Providers : Latrobet
  • Compatibility : PC, iOS, Android, Windows, and BlackBerry
  • Accepts US, UK, and AU players : YES
  • Customer Support : Live Chat, Email
  • Types : Online Sportbook
  • Other Products : None
  • Currencies : Bitcoin, Ethereum, Litecoin, and Dash
  • Language Supported : English


  • It supports four of the best cryptocurrencies
  • Broad coverage of racing events
  • Excellent odds on races
  • One of the best welcome bonuses I’ve seen in a long time


  • A little bit difficult to use and navigate website

Bonus and Promotions

Usually, when you sign up at a betting site, you are awarded free money – mostly after depositing. It is the same case with mBet, only with a slight twist when redeeming it. Once you’ve created an account, make a minimum deposit of 5 mBtc. mBet will reward you with a bonus of up to a maximum of 6BTC.

Once you receive the bonus, it is released in batches of 10 mBTC for every 10,000-point earned. Both casino and Sportsbook contribute towards the points. Points earned are calculated using different formulas, as shown later in the FAQ section

Here’s news I know you’ll be glad to hear – mBet has an excellent cashback offer in addition to the welcome bonus. To qualify, you must opt into the promo and place a “win” bet on your horse. If your horse loses, you receive a cashback of up to 5mBTC in bonus bets.

Does mBet offer the best sports betting racing bets?

There are few online betting sites offering race betting like mBet Sportsbook. In addition to prioritizing races as its main offering, mBet has odds unmatched elsewhere, a nice in-play betting feature, bonuses and promotions for racing, and a reliable support team to offer assistance whenever you need it.

1. Specializes in Races

While it offers other sporting events, mBet’s main priority is horse racing, greyhound racing, and harness racing. Very few betting sites focus on these sports that are otherwise considered niche

2. Good Odd Margins

The betting odds are also one of the best in the crypto betting industry. Only Nitrobetting can match what mBet offers in terms of odd margins.

It would be nice to see some other cryptos accepted, but on the whole, this is a good selection of deposit methods, and we appreciate the lack of fees.

3. The Best In-play Betting Feature

This applies to in-play betting. The site offers one of the best in the industry, with more than enough data and information on the side to help you place a bet

4. Bonuses and Promotions Customized For Races

Other cryptocurrency betting sites have promotions for football, basketball, or other sporting events. mBet’s promotions are mainly focusing on racing events since that’s their focus

5. A Reliable Support Team

Rest assured, you will get help promptly and professionally when you reach out to the support team. They can be contacted 24/7 using different channels as described below.  

Banking Services

mBet is very specific about what it wants to offer its patrons, evident in several areas of its site. One such area includes its banking section, which only supports four commonly used cryptocurrencies. You can use Bitcoin, Ethereum, Litecoin, and Dash to make deposits and withdrawals at the site.

Limits are the same regardless of the payment method selected. How long it takes for you to get your money depends on the chosen payment method.

All the deposit options carry a minimum limit equivalent to $20. There’s no maximum deposit limit. As for withdrawals, you can withdraw as little as $30 per transaction. There’s no maximum withdrawal limit, but all transactions have a $50 processing fee – equivalent to 2.5mBTC.

I liked the fact that payments are processed fast. Regardless of the payment method, you can rest assured that your money will be in your account within 24 hours – unless you withdraw any amount higher than $10,000. In this case, you may be asked to send some documents to the support team.

Support at mBet Sportsbook

If you are looking to get help on a pressing matter, you may have to wait a little. This is because mBet’s support services are outsourced to a third-party company.

mBet Sports Betting Features

mBet has comprehensive coverage for horse racing, harness racing, and greyhound racing. These events come with an excellent selection of markets to bet on. The number of available sports to bet on varies depending on the sports calendar. To make it easy for you to wager on these events, mBet has included several features on its platform. They include:

1. Cashout Feature

The cashout feature is available in horse racing, greyhound racing, harness racing, and other events such as football, tennis, basketball, and cricket. It is not as comprehensive as we thought it would be, offering only the full cashout feature. It is, however, very responsive and can be used on both PC and mobile devices.

2. Betting Odds

The betting odds for the main sporting events are good. A special focus is on offering competitive odds across horse and greyhound racing markets. I’ve been betting and reviewing crypto betting sites, and I’ve only seen Nitrobetting as the main competitor for mBet.

3. Live Streaming

mBet’s live streaming is one of the best in the betting industry, especially for races. It is seamless, fast, and works fluidly across all platforms. The only downside is that you must have funds in your account to use it. This is unlike what other sites offer, allowing you to stream live as long as you’ve placed a bet within the last 24 or 48 hours.

4. In-Play Betting

There’s a comprehensive range of sports events in mBet’s in-play betting feature. Of the three racing events, horse racing offers more in-play betting markets than all the other events. There are no in-play betting services for other sports.

5. Mobile Betting

If you are looking to bet using your smartphone, there’s no need to download an application – because there’s none. mBet uses HTML5 format to offer all its services. This enables you to place bets directly from your smartphone.

The overall user experience is wanting, and I feel it could be improved. While it’s responsive and different pages load fast, I didn’t like how cramped it was. Navigation was a nightmare. Unless you’ve used the site on your PC, you may have difficulty locating some features. 


If you are searching for a betting site with good coverage in races and pays out winnings with little questions, mBet is the right choice. It may not have an in-play feature for races, but it covers enough sporting events that can’t be found anywhere else.

How To Make Your First Successful Deposit At mBet?

Depositing is an easy process, which usually involves three easy steps. As stated earlier, you get to pick from some of the popular cryptocurrencies online.

Step 1: Sign Up

You need to have an account to transact. So click the “Sign Up” button at the top right corner of the screen

Enter your email and password. Confirm the password

Click on the “I acknowledge that I am over 18 and I have read and agree to MBet’s Terms & Conditions and Privacy Policy” check box

Click the “Register” button to complete the first step of registration

Step 2: Email Confirmation

Log into your email address

Click on the email sent by mBet

Click on the “Bet Now” or “Start Winning Now” to complete the account registration process

Step 3: Log in to Deposit

Using your email and password, log into your account

Click on the cashier button

Pick a payment option

Follow the on-screen instructions to complete the transaction

Note, you must have a cryptocurrency wallet to transact.


How do I earn points at mBet sports betting site?

The points are earned by spending money wagering at the site. Both Sportsbook and casino arm contribute points. If you are playing casino games, the bonus points are determined as follows:


Casino Bonus Points = stake (in mBTC) x 4.25


The formula for determining the points in a sportsbook is slightly sophisticated and involves a lot of computing. You can also spend money and wait for the bonus funds to be deposited into your account.


Sportsbook Bonus Points = stake (in mBTC) x price score (up to 1) x 12.5. The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1

I’m I eligible to receive mBet’s welcome bonus?

As long as you can create an account with mBet, you are eligible for the welcome bonus. Anyone who’s attained the age of 18 years can sign up and claim the mBet welcome bonus. You also need to be residing in a region where online sports betting is legal.


Is there a casino product for the mBet brand?

Unfortunately, at the time of writing this mBet review, there’s no casino or live dealer casino service.

Will my winnings get paid at mBet?

Definitely, mBet has a good history of payouts without problems.