Powbet

Powbet Review

Powbet is an NZ sportsbook owned and operated by Rabidi N.V., a renowned company in the sports betting industry. The bookie launched in 2021. Powbet is licensed by Antillephone N.V. and green-lighted by the Government of Curacao. Read our comprehensive Powbet review and learn more about Powbet’s sports, markets, bonuses, and more.

Powbet Bonus Offers

Powbet has dozens of bonuses that start with the welcome bonus for new customers and continue with a wide range of free bets, reload offers, accumulator promos, and cashback bonuses for existing players. The bookie also has a VIP Program to reward bettors who wager regularly. Before we look at each promo, we want to point out that to claim Powbet bonuses you need to notify the bookie about the bonus when you are eligible for it via live chat.

Powbet Welcome Bonus

Powbet has a 100% up to 200 NZD first deposit bonus. To activate the promo, you need to make a qualifying deposit of 40 NZD or more and then play through your full deposit at minimum odds of 1.50. Skrill and Neteller deposits will not activate the promo. You have 30 days to meet the wagering requirements.

Powbet Free Bets

Powbet has several free bet promos at any given time. Some of these are given for popular matches taking place that week, while some, such as the ones we discuss here, are ongoing.

50% Up to 1,000 NZD Free Bet

Powbet has a 50% up to 1,000 NZD free bet promo for VIP customers. You need to make a minimum deposit of 40 NZD and play through the full amount at odds of 1.50 or higher.

When your bets settle, you will get a 50% free bet up to 1,000 NZD. As soon as that happens, you have 30 days to meet the 8x wagering requirement by staking the full free bet amount at odds of 1.50 or higher.

20 NZD Bet Builder Free Bet

If you stake a minimum of 20 NZD on a bet builder consisting of four selections or more (minimum combined odds of  2.00 or higher), you can qualify for this promo. Then if only one leg lets you down, you get a 20 NZD free bet.

After getting the free bet, you need to meet a 3x wagering requirement where you roll over the full free bet amount three times at odds of 1.50 or higher before you can withdraw your winnings.

Powbet VIP/Loyalty Program

Powbet has a five-level loyalty program. With it, you get improved monthly withdrawal limits. You also benefit from higher cashback, and, if you are in the top two levels, you get an account manager too. These are the five VIP levels and the rewards each brings:

• Rookie - 14,000 NZD monthly withdrawal limit.
• Semi-Pro - 20,000 NZD monthly withdrawal limit.
  
• Expert - 24,000 NZD monthly withdrawal limit and 5% cashback.
• Master - 30,000 NZD monthly withdrawal limit, 10% cashback and an account manager.
• Champion - 40,000 NZD monthly withdrawal limit, 15% cashback, and an account manager.

As you can see, the higher you progress in Powbet’s VIP scheme, the better the rewards become. The 40,000 NZD payout limit and the 15% cashback for top-level bettors are particular highlights.

Other Powbet Bonuses

Powbet has a whole array of sportsbook bonuses from combo boosts and cashback offers to sports jackpots and reload bonuses. Read on to learn more about Powbet promos beyond the welcome bonus that are not free bets.

10% ACCA Boost Up to 200,000 NZD

This ACCA Boost increases your potential winnings by 10% when you place an accumulator bet consisting of three or more selections at odds of 1.80 or higher. The amount you get is equal to 10% of the original winning sum of the bet.

10% Up to 200 NZD Cashback

Powbet has a 10% cashback bonus that pays back some of your losses while betting on sports. Losses are the total amount of bets minus your winnings. The minimum cashback amount you can get is 20 NZD, and the maximum is 200 NZD. The cashback bonus is available once a week, and you can receive bonus funds every Monday until 23:59 (GMT+3). Keep in mind that to be able to withdraw the winnings you obtain from this promo, you must meet a 3x wagering requirement from the amount of the bonus.

30,000 NZD Sports Jackpot

Powbet allows registered users to bet on preselected events and profit from huge jackpot winnings. If you get all outcomes right, you will win the massive 30,000 NZD jackpot. If there are more winners, the jackpot is shared evenly. It is important to note that you must compile a combo bet that will include all events. If an event is cancelled, all bets are void.

50% Up to 1,000 NZD Weekly Reload Bonus

Deposit a minimum of 40 NZD each week, and you become eligible for Powbet’s 50% up to 1,000 NZD reload bonus. You will get the bonus when you play through the entire amount of your qualifying deposit at odds of 1.50 or higher.

After you get your bonus money, you will need to roll over your bonus and deposit 8 times on single bets at min odds of 2.00 or multi-bets with odds of 1.50 per selection or higher. When you complete the playthrough requirements, you can withdraw your bonus winnings. The maximum amount that counts towards wagering requirements is 200 NZD.

Early Payout

Powbet allows you to ask for an early payout if your team has a two-goal advantage. To qualify for this promo, you must bet at the 1X2 pre-match market, but only on the Home and Away Win outcomes, not the Draw selection. Also, not all matches have this feature available. You will see the EP (Early Payout) where the bonus is available. The conditions for your team to qualify for an early payout are different for each sport - Soccer (2 goals ahead), Baseball (5 runs ahead), American Football (17 points ahead), Basketball (20 points ahead), Tennis (2 sets ahead), and Ice Hockey (3 goals ahead).

100% Bore Draw Refund

If you bet on the English Premier League, Bundesliga, Serie A, La Liga, and Ligue 1, you can qualify for the 100% Bore Draw Refund. With it, you get a full refund if the match ends 0:0. The markets available for this promo include Correct Score, Half-Time/Full Time, and First/Last/Anytime Goalscorer.

Powbet: Design & Usability

Powbet goes for the simple user-friendly look, and we must say the betting site is successful at pulling that off. Navigating Powbet is as easy as you like it to be. The sportsbook is functional and allows you to find your sports and markets instantly. That is true of both the desktop site and the mobile-optimized version. The graphics and fonts might resemble an early 2000s video game at times, but other than that, everything about Powbet’s design and usability checks out.

Powbet Sports

Powbet has more than 40 sports you can choose from. These include standard team and individual sports, but there is a decent selection of virtual ones too. These are some of the most popular sports the bookie offers:

• Soccer
• Tennis
• Table Tennis
• Basketball
• Ice Hockey
• American Football
• Baseball
• Rugby
• Volleyball
• E-sports
• Motorsports
• MMA
• Etc.

And it is not just these popular sports you can bet on. Powbet lets you bet on more obscure ones too. These include sports like biathlon, beach volley, bandy, futsal, cross-country, and many others.

Powbet Betting Markets

The sports betting offering is Powbet’s forte, make no mistake about that. In addition to over 40 sports on offer, the bookie also has a wide range of betting markets. With them, you can bet on the final outcome, the number of goals/runs/points, the result at half-time, whether both teams will score and so on.

You can also wager on more exotic bet types and markets. For instance, you can bet on Player Specials and wager on who will score first, last, or anytime. You can also predict how many shots, assists, cards, and even tackles a player will tally.

Another interesting market is Player H2H. In it, as the name suggests, you back one of the two players in the imaginary duel. The categories are shots, assists, cards, etc.

In-Play Betting & Live Betting

The live betting section at Powbet is top-notch. All the pre-match markets, albeit slightly modified, are there when you are betting in-play as well. That means you can wager on some of the following live markets:

• 1X2
• To Win the Rest of the Match
• Over/Under
• Double Chance
• Winning Method
• Handicap
• Correct Score
• Exact Goals/Runs/Points
• Cards
• Etc.

Powbet also has a live betting section called Fast Markets, where you bet on five-minute match intervals. For instance, if it is a soccer match and it is in the 75th minute, you can bet on what will happen in the next 5 minutes (76-80). Here, you can bet on anything - five-minute interval winner, goals, corners, shots, etc.

Powbet Odds

You will probably join Powbet for the bonuses and sports markets. You won't do it for the odds. Don't get us wrong, the odds are decent, but they won’t blow you away. They are on par with most NZ sportsbooks, meaning you won’t feel like you have unearthed odds far superior to those fellow bettors get elsewhere. However, you also won’t feel robbed by the bookie’s high house edge, as Powbet has reasonable odds margins.

Powbet Live Streaming   

Unfortunately, Powbet doesn’t offer live streaming. However, the bookie is open to innovation and introducing new products, so we won’t be surprised if this changes. Come back to this review at a later date to see if Powbet has updated its live-streaming capabilities.

Powbet Mobile App

Powbet doesn’t have a dedicated mobile betting app at the moment. That’s not a problem, though, as you can access the mobile-optimized version of the site via your Android or iOS mobile browsers.

Powbet Customer Service

Powbet has a 24/7 customer support service you can reach via several communication channels. These include:

• Live Chat
• Email ([email protected])

Powbet also has an FAQ section. Unfortunately, it is not as comprehensive as you want it to be. The fact you can reach the bookie’s help desk 24/7 makes up for that, though.

How to Register at Powbet 

Registering a Powbet betting account is pretty straightforward because the bookie guides you through the entire process. Here’s how you can sign up with Powbet in three simple steps.

Step 1: Create Username and Password

If you like Powbet, follow our link to the sportsbook. Then click on the “Register” button and enter a username, password, and email address.

Step 2: Read the Terms and Conditions

To continue with registration you need to tick the box where it says you accept the T&Cs of the sportsbook. Before you do that, make sure you read all the conditions carefully.

Step 3: Fill in Your Contact Information

Lastly, complete your registration by entering your personal info. Click the “Register” button when you finish. You can now start betting at Powbet.

Powbet Payment Methods

Powbet works with a wide range of deposit and withdrawal options. They come with varying transaction limits, meaning both bettors on small budgets and high-stakes players will find a banking option that works for them. Let’s find out more about each Powbet payment method.

Paysafecard

Paysafecard deposits are instant, and you pay no fees. The minimum deposit amount is 20 NZD, while the maximum deposit amount is 1,500 NZD. You cannot withdraw your winnings with the prepaid card.

Neosurf

Neosurf facilitates instant deposits. You don’t pay any Neosurf fees too. The minimum deposit amount with Neosurf is 20 NZD, while the maximum deposit amount is 10,000 NZD. You cannot withdraw your winnings with Neosurf.

Skrill

You can use Skrill for both deposits and withdrawals at Powbet. Skrill deposits are instant and come with no fees. The minimum Skrill deposit is 20 NZD, while the maximum is 10,000 NZD.

In terms of withdrawals, Powbet charges no fees when you ask for a payout. The minimum withdrawal amount is 20 NZD, and the maximum is 10,000 NZD. Payout requests are processed in one to three days.

Skrill 1-Tap

Skrill 1-Tap is a deposit and withdrawal method at Powbet too. With it, you make instant deposits and pay no fees. The minimum deposit amount is 20 NZD. The maximum is 10,000 NZD.

For withdrawals, the minimum amount is 20 NZD. The maximum you can collect in one transaction is 10,000 NZD. The processing time is one to three days, and there are no withdrawal fees.

Visa

Visa credit/debit cards can be used for both deposits and withdrawals. The minimum deposit amount you can transfer to your betting account is 20 NZD, while the maximum deposit is capped at 4,000 NZD. There are no deposit fees.

Visa withdrawals also come without fees. The minimum withdrawal amount is 20 NZD, while the maximum payout is 5,000 NZD. The processing time for Visa payouts is between one and three days.

Mastercard

Mastercard facilitates deposits and withdrawals. Deposits are instant. The minimum deposit amount is 20 NZD. The maximum deposit limit per transaction is 4,000 NZD. There are no deposit fees with Mastercard.

For withdrawals, the minimum is 20 NZD, while the maximum is 4,000 NZD. There are no withdrawal fees, and the processing time is between one and three days.

Neteller

Neteller deposits are instant and without fees. The minimum deposit amount is 20 NZD, while the maximum is 10,000 NZD. Neteller withdrawals take between one and three days to complete. They are without fees, and the minimum and maximum payout limits are 20 NZD and 10,000 NZD respectively.

ecoPayz

ecoPayz facilitates instant deposits that are cost-free. The minimum ecoPayz deposit amount is 20 NZD, while the maximum is set at 10,000 NZD. When it comes to withdrawals, the minimum amount you can ask for is 20 NZD. The maximum payout is 10,000 NZD. The processing time is one to three days.

Flexepin

Flexepin prepaid vouchers let you deposit instantly and without fees. The minimum deposit is 20 NZD. Unfortunately for high-rollers, at 400 NZD, Flexepin has the lowest maximum deposit limits at Powbet. You cannot withdraw with Flexepin.

MuchBetter

The MuchBetter e-wallet helps you deposit instantly and without fees. The minimum deposit amount is 20 NZD, while the maximum is 10,000 NZD. MuchBetter payouts take between one and three days to complete. The minimum withdrawal is 20 NZD, while the max payout limit is 10,000 NZD.

Bank Transfer

You can use bank transfers to get your Powbet payouts. The bookie charges no fees, and you should get your winnings in a period of one to three days. The minimum and maximum withdrawal limits are 85 NZD and 10,000 NZD respectively.

Jeton

You can use the Jeton digital wallet for both deposits and withdrawals. Jeton deposits are instant and without fees. The min deposit threshold is 20 NZD. The maximum amount you can fund your account with is 10,000 NZD.

Regarding withdrawals, the minimum Jeton payout amount is 20 NZD, while the maximum is 10,000 NZD. The processing time for withdrawals is one to three days, and there are no fees.

Crypto Payment Methods

Powbet works with a wide range of cryptocurrencies. You can use all of them to make deposits and withdraw your winnings. The crypto payment methods available at Powbet include:

• Bitcoin
• Bitcoin Cash
• Litecoin
• Tether
• Ethereum
• Ripple
• USD Coin
• Dai

Crypto deposits are completed instantly, while withdrawals take between one and three days. The minimum deposit amount for all crypto payment options is 20 NZD. The maximum deposit is set at 10,000 NZD. In terms of withdrawals, the minimum withdrawal amount is 20 NZD, while the maximum is 10,000 NZD. There are no deposit and withdrawal fees.

Is Powbet Safe?

Powbet is a safe and secure betting site that uses NSA-approved 128-bit AES encryption. That means the data you enter goes through 10 transformation rounds to convert it into ciphertext. 

Powbet Gaming Licence

Powbet is owned and operated by the reputable Rabidi N.V., a company incorporated under Curacao’s laws. The sportsbook is licensed by Antillephone N.V. and the Government of Curacao, under gaming licence No. 8048/JAZ.