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Is there a sportsbook you'd like us to review?
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| Tips and advice from our team of experts. Everything you need to know to make your betting experience a good one. |
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| About Parbet.com |
| URL |
: |
Parbet.com |
| Short Description |
: |
Parbet.com is a newer type of wagering site that has hit the online sportsbetting community over recent years. There is no bookmaker so to speak. The players set the odds for whatever event they would like to wager on and the site managing the wagers between the handicappers takes a percentage of total amount wagered depending on the site rules. The horse racing community has thrived on this type of wagering system and the horse racing sites are growing larger by the minute. However, with the small amount of wagers being matched, immediate customer service unavailable, difficult registration for US residents and the odds not being that favorable, it just doesn't make sense to wager at Parbet.com if you are a handicapper who wagers quite a bit. Parbet.com is more suited to the handicapper who wagers small amounts per bet and therefore would not have a problem getting their bets matched up with another handicapper. Parbet.com could also be used by a handicapper to actually "make a market" in the online sportsbook business. Essentially, you could be the sportsbook. |
| Year Started |
: |
2000 |
| Country |
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Malta |
| Languages |
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Dutch
English
German
Norwegian
Polish
Spanish
Swedish
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| Management |
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Carl Jurell, Managing Director
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| Overall Rating |
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Rates 2 out of 5 stars. |
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| Parbet.com Sports Betting Features |
| Deposit Types |
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- Bank Wire
- Credit Card
- Moneybookers
- NETeller
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| Sport Types |
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- Baseball
- Basketball
- Boxing
- College Football
- College Sports
- Cricket
- Darts
- Football
- Gaelic Sports
- Golf
- Handball
- Hockey
- Horseracing
- Soccer
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| Wager Types |
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| Wager Limits |
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| Withdrawal Terms |
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Withdrawals may be made by credit card, NETeller, bank wire and MoneyBookers. |
| Payout Limits |
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None |
| Bonus Ranking |
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0 |
| Initial Deposit Mins |
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$25.00 |
| Initial Bonus Offers |
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One time 10% bonus with maximum of 20 EUR payout and requiring 3x rollover |
| Reload Bonus Offers |
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None |
| Rebate Losses |
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None |
| Referral Bonus |
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Graduated payment program ranging from 1.25% up to 20% |
| Promotions |
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- Referral bonus
- Initial deposit bonus
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| Loyalty Program |
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Each time you bet, you will have points generated in purpose of lowering your commission rate and regardless of whether you win or lose on a market. You earn your points in direct relation to your net winning or net loss on a market. One point is being earned for each winning or loss of 10 EUR on a market. |
| Overnight Lines |
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24/7 |
| Collar Limits |
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None |
| Ten Cent Base |
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Baseball is .20 |
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| Parbet.com Pros & Cons |
| Pros |
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- Possible for market makers to do well
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| Cons |
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- Unavailable customer service
- Few types of wagers offered
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| Parbet.com Professional Review |
| The Company |
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Parbet.com is licensed and certified by the
lotteries and gaming authority of Malta and has been in operation since 2000. |
| Site Navigation |
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Easy |
| Site Response Speed |
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Fast |
| Services Offered |
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| User Experience |
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Negative |
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Parbet.com Professional Review |
| By David Lee |
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Sportsbook First Impression
Parbet.com is easy to navigate, that is partly due to the lack of areas to actually navigate. The markets offered for wagering are listed on the far left of Parbet.com's home page. Registration was a big problem. The registration form requested an international phone number. This doesn't seem like such a daunting task, but I have no idea what my international phone number is. I tried various international number options that I thought would work. I checked websites for international calling code numbers. I emailed customer service stating my problem and they emailed me back, "try +46."
Here is a little note to Parbet.com. If you want to get a share of the US gambling market, either give them their international calling code or take the international phone number requirement off of the registration form. 99% of the people walking the street in the US have no idea what their international phone number is.
Wagering
Wagering at a site where you set your own odds can be quite daunting if you are not familiar with wagering odds. You may either "back" a bet, or "lay" a bet. You can set the odds for each of these types of wagers. The wagering software at Parbet.com will actually calculate your win/loss amount for the odds that you are proposing to wager. One of the supposed advantages of using a site like this is that you get better odds than you would with a typical online sportsbook. Unfortunately, the odds on Parbet.com are not much better than a typical online sportsbook once you factor in the Parbet.com commission.
Online Sportbook Research
Parbet.com gets a C- from another popular online review site, but I would have to give them a D due to the general lack of services and opportunities. The only person that might be able to benefit from wagering at Parbet.com would be someone trying to actually make a market as a bookmaker on Parbet.com. The large amount of wagers that one would place would bring your commission structure down to a level that might make it profitable to wager at Parbet.com.
Promotions
Parbet.com has an initial bonus promotion of 10% maxed out at $20.00? That's right. The most you can deposit and get a signup bonus on is 200 bucks. The bonus has to be wagered three times before you can withdraw your cash. Parbet.com does have an interesting multi-level payout on their referral program.
- Level 1 Commission 20.00%
- Level 2 Commission 10.00%
- Level 3 Commission 5.00%
- Level 4 Commission 2.5%
- Level 5 Commission 1.25%
Sportsbook Customer Service
Parbet.com customer service is very sub-par for the gambling industry. The live chat operator was never available. There was not a customer service phone number and the disclaimer next to the customer service email stated that emails would be returned within 24 hours. I did get a quick response (one hour as opposed to 24) to my email regarding needing help with my international phone number and the message was "try+46." Try +46? Nope.
Bottom Line
If you just intend on making small straight wagers and you are not very concerned about getting your bets matched, then you may be satisfied with Parbet.com, but I will lay you 10 to 1 that you would be happier at another online sportsbook.
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