EFBet is a super young betting website that is designed for newcomers and casual players. Beginning operations in 2019, EFBet had used its previous experience as a lower-tier sportsbook brand, which was named BalkanBet, to rebrand and improve upon its service and offer new players in the industry a chance to play at an easy to use and casual betting website that offered just enough services to keep players happy.
EFBet started operations in 2019 and offered new players exciting benefits that would please only the beginners in the industry. The sportsbook was positioned to be a lower-tier sportsbook that would soon then expand operations according to its userbase growth.
The company had previously been operating as BalkanBet but rebranded itself to cater to a wide audience around the globe. Even though EFBet is not registered in the USA and many users in the country have restricted access, EFBet manages to attract players from the EU and the Asian region as well.
If you are starting in the industry and want to play at a small-time sports betting website only to experience what it would be like to use a standard betting platform, then EFBet is for you. Alas, for anything else, you would be better off with any other sportsbook due to EFBet’s relative newness, inexperience, lack of customer trust, and lack of casino products.
EFBet offers a standard experience with a mobile-optimized website. Since the sportsbook is very new in the industry, it uses all the latest and greatest web technologies to make its mobile experience fantastic. The website has fast load times, and EFBet has efficiently configured its servers to provide users with a seamless and fast experience when it comes to downloading pages, content, and general load times.
The desktop experience offered by EFBet is more or less the same as its mobile experience. The sportsbook has a fantastic desktop website, but an important thing to note here is that EFBet uses a familiar-looking theme that either may throw off some people or make them believe that the sportsbook is trying to imitate another popular sportsbook brand. Either way, EFBet is testing waters right now, and it is too early to say what strategy the sportsbook would adopt later on.
EFBet offers a standard but limiting welcome bonus for all its users. While the sportsbook does offer a 100% match-up bonus worth up to $200, it does not offer any cash bonuses. You can use this bonus amount towards slots and other table games. You may also get free bets if there is a running promotion at the time of signing up. While most of these bonuses would be enough for beginners, they will hardly impress anyone that has a more mature taste in sports betting.
There are several other bonuses and rewards at EFBet. You can expect a refer-a-friend program that will award you and a friend free bonuses, and you can also get reload bonuses if you choose to invest more at EFBet.
EFBet has enough sports and leagues to keep people interested. Newcomers tend to have a very general taste when it comes to sports. There seems to be a natural inclination for them to follow uber-popular sports categories more because, most of the time, that is what their friends are following and talking about as well. If you like American sports, then you can find them all at EFBet, and we think that would be more than enough for the average joe who wants to play at EFBet.
EFBet hardly offers interesting or attractive bets. Most of the time, you can expect industry-standard or even at times the lower quality of odds. The American sports category will have average odds, and we think EFBet can do a lot in offering better odds overall.
The casino is not a strong suit for EFBet, at least for now. We are willing to give EFBet the benefit of the doubt because of its young age, but even then, the casino products offered at the site are inexcusable. EFBet could’ve done way more and offered more slot and table games in its casino section. The platform uses a couple of popular gaming software, but we think EFBet needs to invest more to grow and attract more players.
The poker room at EFBet isn’t fantastic as well, but it is enough to keep new players engaged. You can expect a couple of popular table games, but that is it when it comes to the poker category. New players will appreciate the ease of use of the site and how well-positioned the support services are on each page of the website, but when it comes to the sheer quantity of games, there aren’t many to begin with.
EFBet, disappointingly, does not offer live dealer or live streaming services on its website. Even though the sportsbook has the infrastructure to back up live streaming, EFBet consciously chooses not to add this service as of yet. We think this may be because of the lack of customer demand within its userbase.
The eSports section is nothing to write home about as well. Even though this category is one of the fastest-growing industries in the North American region and the world in general, it is still an afterthought at EFBet, which is saddening, considering that the brand can focus on this niche category and easily become a top player.
The deposit options at EFBet are basic, with a credit card and direct deposit support at the forefront. The sportsbook may charge a deposit fee depending on your method of deposit. The Visa and Mastercard deposits bear a percentage charge while Skrill will offer no-fee and fast payment processing times, meaning that your amount will reflect on your EFBet account within minutes, if not seconds, after depositing.
The withdrawal methods range from direct deposit, Skrill, Neteller, and more. While each method bears a varying fee, you can expect average processing times that have been reported to range between 4-7 days, which is quite high if you compare this turnover time with industry standards that can range from 2-3.
The customer support is sufficient, and the support agents know their way around the website. EFBet offers 24/7 support for all players and guests, which is a step in the right direction for new players who want to know exactly what they should expect before becoming a regular customer at the platform.
This sportsbook is relatively new in the market, so it needs a lot of experience and years before it can create a good reputation in the market. Right now, people only want to know about the validity and authenticity of EFBet. Public forums have several posts regarding EFBet, and each post seems to inquire about the company’s policies and reputation in general.
There aren’t many posts on Reddit about EFBet, but the few we could find were, again, about its authenticity and validity for new players.
Yes. EFBet is a legitimate website helmed and operated by Tsvetomir Naydenov.
No. The brand is yet to enter the North American market. It is, however, accessible elsewhere in the world.
You can expect your winnings to be processed within 4-5 days depending on your account standing, i.e., whether you have any account holds or issues with your payment method.
You will only pay taxes on your winnings, depending on your local tax laws.
You can place all bets on the mobile-optimized website. EFBet accepts bets 24/7.
No. Since the brand does not operate in the USA right now, it does not report to the IRS, but it is still a legitimate brand since it seems to corporate with other relevant authorities wherever it operates.
Depending on your tastes and preferences, EFBet can be a great website for beginners, but if you like anything more than the average joe, then you might as well try out other sportsbooks.
EFBet is a young sportsbook aimed at the younger generation who wants to jump into the world of sports betting. If you want an unintimidating and casual experience, then EFBet is going to be a sufficient sportsbook for you.
