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GTbets is one of the lesser known gambling sites.
That’s not necessarily a bad thing, though.
While you can take that to mean they’re not one of the popular sites everyone’s raving about, you can also look at it this way – no one’s ranting about them, either.
That’s a good thing. We’d rather not be popular than be popular for all the wrong things – like not paying customers or screwing people over on bonuses.
In fact, if you Google ‘GTbets scam’ or ‘GTbets scandal,’ most of what you’ll find – assuming it’s even a legit complaint – is at least two years old.
Popularity isn’t everything, no matter what the ‘cool kids’ tell you.
It’s even possible GTBets.eu is one of those “hole-in-the-wall”, secret places only a few select people know about, and only because they found them by accident. Then they brag about their great find to all their friends.
Is that the case here?
Let’s find out. Enjoy the review.
Here’s what we liked the most about GTBets:
They Respect Customers
When GTbets launched in 2011, part of their launch included acquiring the defunct VIP Sportsbook and it’s many sister sites. Reports say that GTbets honored more than $40,000 in payments owed to players from the previous company. They didn’t have to do that.
GTbets charges almost no fees on deposits, something you’d be hard-pressed to find anywhere else.
They have a robust and diverse selection of casino games. Their slots, video poker and table game options are equally impressive.
Good Track Record
They’ve had very few, if any major complaints or problems since taking over VIP Sportsbook. All the complaints we found were promptly taken care of.
Their sportsbook is a great place for NFL fans. Apparently, they focus more on that than any other market they cover (at the expense of neglecting their other markets, according to experts).
Although GTBets has some strong offerings it still falls short in some areas. Here are the things we don’t like or think GTBets.eu can improve upon:
They reportedly have the same management that managed the previous company (VIP.com, BetGameDay and NINE). It doesn’t make much sense to put the people who tanked the previous company in charge of your new company.
High Withdrawal Fees
They charge high fees for their cash outs – $60 for wires, up to $60 for bitcoin, and $50 or 8% on quick cash.
They have a small list of US-focused betting markets.
Keeping Bad Company
They continue to work with BetSoft, even after they’ve made the news (and a blacklist or two) for failing to pay a player who won one of their progressive jackpots.
Overall, The biggest flaw we see is how GTbets continues to work with people who aren’t entirely above board, or who once had a hand in the previous company’s downfall.
It sort of makes you question their motives …and whether they’d have their own customer’s backs if this happened to them in the future.
Fee Free Banking Options
Here are the banking options you can use to fund your account:
- Visa – $35 min
- MasterCard – $35 min
- American Express – $35 min
- Bitcoin – $3 min / $3,000 max
- Pre-paid gift cards – $35 min / $1,000 max
- Direct cash – $100 min / $2,000 max / $10 fee for deposits under $200. Deposits over $200 are free.
- Quick cash – $100 min / $1,000 max / $10 fee for deposits under $200. Deposits over $200 are free.
- Skrill – $35 min
- Neteller – $25 min
One thing we like about their deposit options – and this is something of a rarity nowadays amongst US-facing gambling sites – is they charge no fees unless you deposit a small amount using the direct or quick cash options.
The fee-free banking also counters the slightly higher deposit minimums they have. Most sites are around $20, so this seems like a reasonable tradeoff.
The one thing we dislike, though, is how your max deposit limits vary based on your VIP status. If you want to deposit more than $1,000 or $2,000, why make someone wait until they’ve played enough to obtain a(n arbitrary) higher VIP status?
Most people would just go elsewhere. That said, chances are this will only impact a small number of customers.
When you’re ready to cash out you can use:
- Bank Wire – $100 min / $5,000 max / $60 fee
- Bitcoin – $300 min / $3,000 max / 1 free cash out per rolling 30-day period. Otherwise 5% fee (up to $60 max).
- Direct cash – $50 fee or 8% of requested amount.
- Quick cash – $50 fee or 8% of requested amount.
A couple of things worth noting here:
If you deposited with credit/debit card, you’ll have to receive a bank wire for your first two cash outs. After that you can request cash outs back to your card (if that’s an option available to you).
Cash outs are limited to 1 payment per 7 days. Withdrawals can be processed and delivered in as fast as same day to 2-3 days, to as long as 2 weeks. It just depends on the method you use.
Side note: Other reviewers have reported fast processing times, which is good news.
What we like about their cash outs is the speed. You can’t complain about receiving payment from a US-facing site in 2 weeks or less. You just can’t.
That said, we’d like to see more options. For example, they don’t have paper checks as an option, whereas you’ll find it nearly everywhere else.
The withdrawal fees are a bit expensive, too.
Sports Betting and Casino Promotions
There are several promotions going on at GTBets.eu. Here are the details for their core offers, including the amount and any terms/conditions you should be aware of.
Sign Up Bonus
This is for both their sportsbook and casino. There are two bonuses to choose from:
- 100% match up to $250
- 50% match up to $500
You get the same amount either way.
But because GTbets requires you to rollover both the deposit and bonus, it makes far more sense to us to clear the 100% bonus over the 50% bonus. You’re more likely to clear it AND walk away with some money leftover.
There is one exception though:
Deposits made by Skrill or Neteller do not qualify for the 100% bonus. Players who make a deposit using one of these methods can only qualify for the 50% bonus.
However, everyone who participates in a bonus will need to wager it so many times before they cash out. How large the rollover is will depend on if you’re betting on sports or playing in the casino.
Here are their rollover requirements:
Example: If you place $20 in sports wagers you will receive 10 Rollover Points. If you play $20 in Video Poker, you will receive 3 Rollover Points.
One thing we like is that, before you accept any bonus, they’ll let you know beforehand how many points are tied to the offer. You can use this info to decide if the bonus is worth it, and if you’re actually capable of clearing it.
But finishing the rollover requirements might not be a big deal. Because, as we understand their terms, if you cash out early or if your balance reaches $0 prior to earning all your points, you’ll just walk away with however much you earned up to that point. Then you’ll start over with a new points requirement based on the next offer you accept.
(This almost sounds too good to be true.)
Don’t forget – there are a couple other rules to beware of when clearing their deposit bonus:
- Sports moneyline wagers with odds of -300 (1.33) or less, will not qualify for rollover point earnings. So for example, betting NBA – NY Knicks (-350) will not earn rollover points towards a bonus.
- You cannot play baccarat, craps or European roulette.
Automatic Reload Bonus
They have an automatic bonus program where you’ll automatically receive a cash bonus whenever you reload your account. You can check your player account to see how much you’re eligible to receive.
To qualify for a bonus, you must meet 3 criteria:
- Your account balance must be equal to or less than 25% of your previous deposit amount. For example, if your last deposit was $100, you must have $25 or less in your account.
- You will not qualify for a bonus if your last transaction was a withdrawal (probably to prevent people from gaming the system).
- Your account must be indeed be segmented to receive bonus.
That last point isn’t very clear. So, I got in touch with their live chat to ask about it. Here’s what they said:
Your account must qualify in order to receive bonuses, if there are 2 accounts of the same household you will not be able to receive the bonus or if management decides that you abuse bonuses they can decline you.
It sounds like they just want to prevent people from gaming the system.
This offer uses the same rollover requirements as their sign up bonus (above).
Get free points on your favorite basketball and football teams during the regular season. Select your favorite teams and you’ll be locked in for the season.
Here’s how it works:
- Choose two of your favorite NFL and NCAA Football teams, and two of your favorite NBA and NCAA basketball teams. You can’t change your teams once you pick them.
- You will get ½ point free on every NCAA game and for every professional game. For example, if you’re betting on a team favored at -3, you’ll be offered the line at -2.5.
This is for regular season games only. Sides and full game only; no totals, half times or quarters.
Pro Tip: Saving half a point may not sound like much, but the more money you bet, the more money you save. And, it increases your profit margins when you win.
This is a progressive jackpot where a minimum of $50,000 is paid to the winner. It grows each week until someone hits it.
All you do is bet $5 and pick 15 teams. Pick all 15 correctly and you’ll win the jackpot. This is for NFL, NBA and NCAA football and basketball only.
And if you go 0-15, you’ll be paid $2,000 (for having such bad luck).
10% Casino Rebate –GTbets will calculate your losses starting from the Tuesday of the previous week until Monday of the following week using the following formula:
Casino Wins – Casino Losses – Bonuses – Rewards Cash – Rebates = Casino Loss Your account is then credited with 10% of this casino loss.
If you’re in the hole the previous, they will credit your account with a 10% rebate the following Tuesday. The best part – there’s no rollover on this offer.
Receive a 15% rebate on any net monthly losses while betting on the horses. They use the same formula above to figure out what to pay you (based on your net losses).
Refer a Friend
Refer friends to GTbets and they’ll give you a finder’s fee equal to 50% of your friends initial deposit. The max you can get is $400. To qualify, you need to have made at least on deposit to your account within the last 3 months.
And …that’s it for their core offers.
In addition to clearing bonus offers, you can also use the points you earn for additional cash rewards, to enter sweepstakes or to exchange for merchandise. You can see everything they offer on their rewards website.
Last thing – GTbets also mentions sending exclusive offers to their email newsletter subscribers. Some of the types of offers they mention sending out include:
- Double reloads
- Point discounts on bets
- Free bets on specified games
- Double reward point promotions
- Game of the week specials
- No juice or half juice specials
- Sweepstakes giveaways
So, if you decide to join up, it’ll make sense to get on their email list to be one of the first to hear about these exclusive offers.
How’s GTbets sportsbook? Let’s take a look.
Here are the markets they cover:
- American Football
- College Football
- Canadian League Football
- Auto Racing
First impressions …it’s not a bad list of markets, but it is a short list of markets. You’ll find far more options at Bovada, BetOnline or 5Dimes. That said, it’s hard to compare a 5-ish year old sportsbook to sportsbooks who each have decades of experience.
GTbets also heavily focuses on US sports and events. But that’s pretty standard for US-facing sportsbooks.
As for bets, you have the following options:
- Straight wagers
- Round robins
- Point buys/sells
- Half Times
- 1st 5 innings
- If bets
- Live action
- Mobile bets
Per usual, the bets you can make will depend on the market and specific event you’re betting on.
Expert bettors say GTbets focuses heavily on football – often at the sake of their other markets. Though, who’s to say this is really a bad thing, considering their target audience is probably made up of American males, betting recreationally on the most popular sport in North America.
And like most US sportsbooks, they have low betting limits. Most bets are capped at somewhere between $500 and $2,000, though you will find some exceptions. For example, you can bet $5,000 on NFL/NBA sides, $3,000 on MLB and NCAA sports, and $2,000 for NHL. But everything else will have much smaller limits.
Pro Tip: Want higher betting limits? Try Bookmaker. They’re pro-friendly, have high betting limits and competitive line pricing.
Live betting is available, though you’ll find the selection sparse. It’s usually limited to events that are national televised.
Other than that, experts say you will find competitive pricing on spreads and totals. And, since GTbets is focused on recreational bettors (they don’t like winners), underdog lines are more attractive because of the public’s tendency to bet on favorites.
GTBets.eu sportsbook is accessible from your computer, or from an Apple, Android and BlackBerry mobile device.
You’ll find more than 175 casino games at GTbets, thanks to their partnerships with software companies, Arrow Edge and Betsoft. You’ll find a diverse and well-rounded selection of slots, video poker, table and specialty games here.
Let’s look at all the games you can play.
Their 3D slot machine titles include:
- 2 Million B.C.
- 4 Seasons
- A Christmas Carol
- After Night Falls
- A Night in Paris
- Alkemors Tower
- At The Copa
- At the Movies
- Aztec Treasures
- Barbary Coast
- Black Gold
- Charms And Clovers
- Curious Machine
- Jekyll & Mr. Hyde
- Event Horizon
- Frankenslots Monster
- Fruit Zen
- Glam Life
- Gold Diggers
- Good Girl, Bad Girl
- Great 88
- Greedy Goblins
- Gypsy Rose
- House of Fun
- It Came From Venus
- Mad Scientist
- Madder Scientist
- Mamma Mia
- Mega Gems
- Mega Glam Life More Gold Diggin
- Ned and his Friends
- Once upon a Time
- Paco and the Popping Peppers
- Puppy Love
- Rooks Revenge
- Safari Sam
- Slots Angels
- Sushi Bar
- Three Wishes
- The Tipsy Tourist
- Treasure Room
- True Illusions
- True Sheriff
- Under the Bed
- Under the Sea
- Viking Age
- Who Spun It
- Weekend In Vegas
Most, if not all of these titles will come from BetSoft. These games are loads of fun to play. They have great graphics, bonus rounds and animation. We recommend playing Mad Scientist, Greedy Goblins and The Slotfather first.
Here are their 5-reel and 3-reel slot machines:
- 7th Heaven
- Jackpot Jamba
- Out of this World
- The Bees
- The Ghouls
- Wizard’s Castle
- Pharaoh King
- Reel Outlaws
- Monkey Money
- Royal Reels
- Aztec Treasure
- Back in Time
- Captain Cash
- Chase the Cheese
- Diamond Dreams
- Diamond Jackpot
- Hidden Loot
- Ghouls Gold
- Lucky 7
- Mermaid’s Pearl
- Triple Crown
And here are the slot machines they call “Super Slots:”
- Dodge City
- World Leaders
- Dragon’s Cave
- Lilly’s Pad
- Alice In DreamLand
- Arcade Fortunes
- Pierre’s Patisserie
- Ocean Life
- Mad Road
- Star Slots
- Blue Beard’s Gold
- Shopping in the Hills 4th and Goal
- Aruban Nights
- Game of Kings
- Fast Lane Freddie
- Top Dog
- Chef Wars
- Yellow Brick Reels
- The Winning Dead
- Days of our Slots
- Drab to Fab
- Around the World
If you’re a slots player you’ll find plenty to do here.
Here are all the table and blackjack games GTbets offers:
- Tri Card Poker
- Multihand Blackjack
- 21 Burn Blackjack
- BSG American Blackjack
- BSG Baccarat
- Pirate 21
- Oasis Poker
- BSG Pai Gow
- Poker3 Heads Up Holdem
- Red Dog
- BSG Red Dog
- Ride’m Poker
- Pai Gow
- American Roulette
- BSG European Roulette
- Common Draw Roulette
- Zoom Roulette
- Triple Edge Poker
- Three Card Rummy
- Top Card Trumps
- Let It Ride
- Draw Hi/Low
- BSG Craps
- Caribbean Stud Poker
- Caribbean Poker
- Super 7 Blackjack
- Single Deck Blackjack
- European Blackjack
One thing we like about their table game selection is all the blackjack games they have. Considering we’ve noticed Real Time Gaming casinos have cut back on their blackjack variations, it’s nice to see a US-facing casino with almost 10 of them.
There are also multiple variations of other table games, too, not something you’ll find outside of blackjack and roulette at other casinos.
That all said, there are some duplicates (like craps). But all-in-all this is a solid and diverse selection of games.
Here are GTbet’s video poker games:
- All American
- Bonus Deuces
- Bonus Poker
- BSG Deuces Wild
- Deuces Wild
- Double Bonus
- Double Bonus Poker
- Deuces And Jokers
- Double Joker
- Five Draw Poker
- Jacks Or Better
- BSG Jacks or Better
- Joker Poker
- Jokers Wild
- Split Way Royal
- Tens or Better
Again, this is a nice combination of quality and quantity. This has to be one of the largest selections of video poker machines (15+) available to American players. Something Real Time Gaming casinos used to be able to say.
Last, but not least are their specialty games:
- Instant Keno
- Klub Keno
- Krazy Keno
- Traditional Keno
- Virtual Racebook 3D
They have a slightly smaller list of specialty games than you’ll find at other casinos. They also have more keno variations, but virtually no scratch cards or bingo games.
And that’s it for their games.
One thing we do need to be transparent about is BetSoft. Not long ago they were in the news (along with Betcoin) for failing to pay a player who won a progressive jackpot. You can read about it here. They also made the blacklist here.
It was serious enough we saw other online casinos – such as Ignition, Bovada and Bodog – all pull their games from their websites.
GTbets hasn’t, and we’ve no idea if they plan to in the future. Though, if they did, they wouldn’t have much of an online casino anymore.
This isn’t to say GTbets is bad. But you do have to question their motives and integrity when they choose to continue working with a questionable software provider.
If you have a question you can get in touch with GTbets 24/7/365. They’re available by email [email protected], phone (1-800-509-4847) and live chat.
We used the live chat for our review. Tim was friendly, fast and knowledgeable.
Earlier we suggested that GTbets could be one of those unheard of, hole-in-the-wall places you find totally by accident, but end up loving and recommending to all your friends.
Is that actually the case for GTbets.eu? No, unfortunately not.
In many ways, they’re an excellent site for sports bettors and casino players. They accept US players, have several promotions, a large selection of casino games, and a US-market, NFL-focused sportsbook. And they’ve done right by players by honoring past debts.
Sounds like a dream site, right?
But it’s hard to overlook how they’ve kept past management who we could only assume played a role in the previous company’s downfall. To what extent, we don’t know. But you’d think a new company would want to start fresh.
They continue this trend by continuing to offer BetSoft’s games. What happens if you win one of their jackpots? Will you run into the same problem we talked about earlier (where both the site and software provider failed to pay the winning customer)?
We have no idea, and that’s sort of scary.
So, while GTbets has many strengths, they also have many weaknesses, some of which are fairly risky to online gamblers.
For that reason, we’d recommend creating an account at Bovada, 5Dimes or Ignition Casino first. Then, if in some way you’re feeling unfulfilled, then consider creating an account here …while acknowledging the small amount of risk you take on when you do.
This review was made by: LegitGamblingSites.com Rating: 3.8 out of 5