iBet Malaysia Review: Registration and Bonuses

Amongst the legion of bookmakers that have taken Malaysia by storm, iBet has got to be one of those that have resonated deeply with Malaysian punters. Although it is a relatively new brand, having launched in 2021, it has quickly gained traction and made a strong impact on the Malaysian sports betting scene.

We’ve crafted this review with experts, bringing you important tidbits about this bookmaker, the offers and promotions it has, how diverse its sportsbook is, the ease of registration, and more.

How Credible is iBet?

One of the first things any punter, beginner or seasoned, should consider is the credibility of the bookmaker they’re about to place bets. We’re happy to report that iBet has a valid gaming license provided by the Malta Gaming Authority and backed by reputable gambling organizations such as eCOGRA.

The detailed KYC verification step also ensures its credibility, making customers feel secure as they sign up.

Let’s look at a few more key details about iBet below,

Is iBet Legal?

This is an interesting question, as all forms of gambling and online betting are illegal in Malaysia. Then how does iBet operate? The leeway iBet and other bookmakers receive to operate in countries that ban online gambling is their license and authorization.

The bookmaker is owned by theClaymore Malta Ltd, located in The Firs George Borg Olivier Street Tas-Sliema, SLM 1801, Malta.

Is iBet Safe?

HTTP protocols make browsing and navigation easier, as you switch from one section to another without facing any interruptions. The site averages close to a hundred thousand visitors monthly, proving its safety and reliability among patrons all over the world, including Malaysia.

Bonuses and Promotions at iBet

Safety and legality are important characteristics of any bookmaker, but one of the most important ones has to be what bonuses and promotions they’re offering. iBet has some great bonuses and promotions in progress for its loyal players. But unfortunately, it lacks the vital welcome bonus for sports betting at the time of writing.

Let’s look at the bonuses and promotions of iBet below,

Welcome Bonus

One of the most exciting offers at any bookmaker has to be its welcome bonus, they’re designed to attract new players to the bookie and start exploring. Unfortunately, as per our research, iBet currently offers a welcome bonus for casino players, not for its sportsbook section.

While it’s unfortunate that there’s no welcome bonus, if you’re able to look past that and still sign up on the site, there are other offers waiting for you. The number of promotions available for regular players as we’ve mentioned above, make up for the lack of a welcome bonus.

Besides, the platform has continuous free bet offers for their bettors on all their sports, allowing them to explore to their hearts’ content.

But, we do hope the bookmaker considers adding a welcome bonus soon, as it allows them to attract more players.

Other Exciting Bonuses and Promotions

Like we said, not having a welcome bonus might not be such a disappointing thing after all, if you’re able to compensate with other exciting offers like iBet has. Below are those promotions and bonuses ongoing at the bookmaker,

• Weekly Cashback: Get 5% cashback on your losses, with no hidden terms or wagering requirements. Win up to 200 EUR on all sports at the bookie!
• Match of the Week: iBet selects a special match every week. Wagering on this will reward you with a free bet.
• ACCA Insurance: This bonus offers you boosts on your accumulator bets, which, let’s face it, often have a chance of going awry. iBet gives you the chance of winning your stake back up to  60 EUR, even if just one leg is incorrect on your betslip.
• Price Boosts: iBet regularly boosts the price on popular markets such as Match Winner, Anytime Goalscorer, and many more on the biggest events of the day.
• Free Bet Club: Become a part of the free bet club to earn weekly rewards

iBet VIP Program

VIP programs at bookmakers are a great way to keep existing players happy and engaged, with exclusive rewards and perks as they level up by making more deposits and placing more bets. However, at the time of writing, we have not come across a VIP program for sportsbooks at iBet, just for its casino section.

Registration Process at iBet

If you want to start playing at iBet, you’ll need to register first. Don’t worry, registration is easy and fast. Let’s look at the registration process for iBet below,

Deposits and Withdrawals

Another important aspect of any bookmaker, besides the bonuses, is the variety of payment methods it offers for deposits and withdrawals. iBet offers a diverse range of options for its customers, including eWallets and credit cards.

However, it does not support MYR for transactions, nor does it offer local payment methods. Below, we’ll take a closer look at the available options, along with their minimum and maximum deposit and withdrawal amounts.

Transaction Limits and Betting Limits

Transaction limits are set by bookmakers to control player behavior, so they don’t go overboard. iBet maintains the same restrictions, setting minimum and maximum limits for withdrawals and deposits. Since iBet only has a loyalty program for the casino section, it may have increased limits and faster withdrawals, even on traditional methods.

Transaction limits might be higher for regular sports bettors when they’re using cryptocurrency.

• Minimum Deposit: 10 EUR
• Maximum Deposit: 2,000 EUR
• Minimum Withdrawal:  20 EUR
• Maximum Withdrawal: 10,000 EUR

If a withdrawal is requested without wagering an amount equal to or greater than the deposited sum, an administration fee of 10% will be applied, with a minimum charge of 5 EUR (or currency equivalent).

Sports Betting at iBet

We’ve told you so much about iBet so far; now it’s time to tell you about the sportsbook section of the bookmaker. With over 30 sports available to bet on, the bookie offers all popular sports, from cricket, tennis, football, and basketball to niche options such as darts, lacrosse, and water polo.

If you were wondering which sports are bet on the most at iBet, it’s an easy guess. Because the most popular sports are the ones most wagered on, betting is just as fun and engaging as all other sports on the bookie.

Here are the sports available on iBet,

iBet Casino

The casino section offers a wide array of slot games, card games, live casino, and more selections. Classic table games of blackjack, baccarat, and roulette rule the online casino, with thousands of eager gamblers looking to spin the reels and win big bucks.

The iBet casino also has a full-fledged VIP program for their gamblers, with several perks including, faster withdrawals, exclusive VIP privileges, higher payout, instant customer support, deposit bonus booster, and a dedicated VIP public chat.

iBet Live Betting and Live Streaming

Live betting is one of the exciting aspects of any bookmaker; the thrill of placing bets on an ongoing match, and tweaking your bets as the odds of the game change is truly an experience. The live betting section is simplified and can be found right next to the sports section on the website.

Another feature of a leading bookmaker in its live betting section is the availability of live streaming. The ability to change your bets as you stream the game on the same screen is a streamlined and interactive experience, so there is no need to switch from your TV to your computer.

Early cashouts are an excellent feature of live betting, allowing bettors to secure a return before or during a game based on its outcome, minimizing potential losses. While this option isn’t available for all events, iBet does offer early cashouts on select matches, providing players with more control over their wagers.

Some of the most popular sports for live betting on iBet include football, basketball, tennis, and esports.

iBet Mobile App

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iBet’s mobile app delivers the same effortless and entertaining gameplay as players enjoy on their computers. Now designed for mobile phones, the app is available for Android and iOS devices, with bonuses and promotions, easy navigation, quick betting and switching bet slips, all curated to fit in the palm of your hand. Now, you can bet on the go.

We tested the apps and the optimized website. In both cases, they performed without interruptions or lagging. We were very impressed by the fast-loading pages, but loading speed might depend on your internet connection.

iBet Odds and Margins

Odds and margins hike up the intensity of online betting, iBet keeps their odds and margins fair and competitive. So players can make the most out of their bets but also feel the heat of the competitiveness of the margins.

However, we do believe the offerings can be greatly improved.

Let’s look at the odds and margins offered at iBet, below.

Customer Support and Available Languages

A vital aspect that adds to a bookmaker’s credibility is its customer support. While iBet does offer a 24/7 live chat and a Help Centre for information, it lacks other common contact methods such as phone numbers or email support.

While you’re on the footer, you can change the geo of the site, giving you a number of choices of locations to choose from. While Malaysia isn’t on the list, you can set the site to global and use the site as usual. The site offers English, French, Spanish, Portuguese, and Finnish languages.

Awards and Recognition

iBet has not yet received any awards as of yet, but with a few much-needed improvements, it can soon become worthy of many awards and accolades in the future.

Usability, Design, and Performance

The iBet website has an easy-to-understand layout, with red and black accents outlining the interface. The sports section is neatly organized and everything is in one place, with the bet slip on your right, displaying all your bets as you place them.

Drop down menus are swift and easy to access, with the main menus displayed on top. Besides the simple and sleek design, we also appreciate the quick registration and the mobile-optimized site resembles when you’re using a desktop.

Responsible Gaming

iBet has all the important responsible gaming policies you need in a bookmaker set in place to control player behavior and control their financial usage. Check out the measures offered at iBet for responsible gaming below for Malaysian players: