My Honest Betplay Review (Tested With A Real Deposit)

Betplay is another young cryptocurrency casino that I started noticing in recent weeks while surfing through different gambling-related websites. To create this Betplay review, I will make a real money deposit, try to clear the bonus, and get some rewards through different promotions. Then, as usual, I will also have some chats with the support agents and measure out the speed of the withdrawal.

After reading this review, you will be able to know everything about this casino. I hope that my research would help you to decide whether to join Betplay casino or not.

✔️ Is Betplay legit? (3/5)

I could not find any license related information on Betplay’s official website. That’s why I decided to double-check it with a support agent via chat.

The support agent told me that the casino is in the process of getting a Curacao license. He also told me that they already have another valid license.

According to the Terms and Conditions, Betplay is registered under the laws of Costa Rica, which does not literally mean anything. Costa Rica does not provide any services for licensing. While your business can operate from this country, it does not give any guarantees or security to players.

I give this section of Betplay’s review three points out of five. Even though this gambling website is not licensed, I was not able to find any serious problems or scam accusations. I have also successfully received my cashout while playing here, so it seems that the casino is paying the winnings to users.

🎲 Games and providers (5/5)

Despite the fact that Betplay does not have an official license, it still publishes games from some of the most popular software providers. The casino lobby is divided into Slots, Table Games, and Live Dealers.

There are more than 75 game providers on the platform. Most of these companies are developing slot games, but there are also several live casino firms.

This section gets the maximum number of points. The variety and number of games are huge at Betplay and all the slots are well customized and have an adequate min bet amount.

🎰 Slots RTP (0/5)

One of the main features of this casino is offering the highest RTP settings for each of the games available.

However, I was not able to find any RTP numbers for each of the games on this website.

After a while, a support agent told me to search for the RTP inside the games’ information. Considering that Betplay has games from over 75 different providers this is something very complicated to do. Not all providers are publishing this information inside their games. Moreover, they all have different designs and interfaces.

I think that all the promotional statements should be backed up by clear and widely available information. This section of the Betpay review gets zero points, as the website is not publishing any RTP numbers.

💰 Payment methods (4/5)

Betplay is accepting five crypto assets for deposits and withdrawals: Bitcoin, Ethereum, Litecoin, Dogecoin and Solana.

As usual, I have made my testing deposit using Bitcoin.

The deposit was instantly credited to my account without any need to wait for the network confirmation.

There are no wagering requirements for the deposited amount, meaning that you can request your withdrawal at any time you want.

There are no minimum limits for your withdrawals. However, there is a limit for the maximum cashout per day, which is 8k USD.

The support agent has also confirmed that there are no withdrawal fees, which is actually not true.

This is what I see on the withdrawal page. There is a deduction of 33.20 uBTC when you request a cashout.

This is close to 1.6 USD at current rates. I have only spent 0.31 USD when sending my Bitcoin deposit the same day.

After getting my withdrawal back to my wallet I have checked the network fee, which was 28.8 uBTC. (Less than what was actually charged by the platform).

I deduct one point from this section of the Betplay review for the high withdrawal fees. Another issue is that the casino is not using the whole deducted amount to send the transaction, meaning that the casino keeps the difference.

🚀 Welcome bonuses (2/5)

Betplay offers a 100% welcome bonus of up to 50,000 uBTC, which you need to wager out x35 times. At a first glance, this is a typical bonus that many other casinos are offering, but there is a twist.

You will not receive any bonus money to play. The wagering process starts when you play with your real money balance. So basically, you just keep playing like you have no active bonus at all. Once you wager the balance x35 times you will get the whole bonus amount to your real money wallet.

This was also confirmed by the support team. You get the bonus money in cash after you complete all the wagering requirements.

Here is the status bar that I see after activating the bonus. I have to wager 0.175 mBTC after making a 0.005 BTC deposit.

Is this a good welcome offer? Well, the casino offers a nice chance to get extra cash without any additional risks. You just play your favorite games with no restrictions. If you are lucky enough, you will then receive the bonus in your account.

What are the chances to complete the x35 requirement? From a mathematical point of view, the possibilities are miserable. The average RTP of slot games is 96%. It means that you would lose 4% of your bets in the long term. Let’s say that we make a 100 USD deposit. With a wagering requirement of x35, we need to place 3,500 USD in bets in order to clear the bonus.

How much would we lose in the long run? 3500 x 4% = 140 USD

As you remember, our deposit amount used in this example was only 100 USD, so theoretically, we will lose the entire balance before the wagering process will be completed.

The only way to complete the wagering is to be very lucky and hit a solid multiplier. In this way, you should have enough money to finish the wagering process.

After playing for a while, I was only able to wager 14% towards the requirements.

This welcome offer is not forcing you to bet more money. It also does not build any illusions. It is clear to understand and straightforward. You are getting a chance to win the extra cash with no additional risks, but mathematically this is not something that will happen very often. I give the welcome bonus section of Betplay two points out of five.

📢 Promotions (1/5)

There is only one promotion available here, which is based on a loyalty level up VIP system.

You will be getting different perks while progressing through the levels, including rakeback, cashback, free spins and cash drops. The promotion will only be activated once you hit the first level.

How much should you wager to become at least a Bronze 1 player? No one will tell you that. (Except me 😉

The support agent refused to share with me any information about the points needed to progress through the levels.

So, the only way to know this information is to actually play the games myself and try to level-up. I was able to get 30% toward the Bronze 1 level after wagering 0.025 BTC, which is around 1200 USD at the time of writing. To accomplish this, I was playing slot games from different game providers with an average RTP of 96%.

So, it looks like I would need to wager around 4k USD to reach the first VIP level. And before that, you will be getting ZERO benefits or rewards.

I cannot give more than 1 point to this section of Betplay’s review. While you can start getting some nice rewards on the first VIP level, you will still need to wager around 4k USD prior to that without getting anything at all.

Many other Bitcoin casinos offer rakeback, leaderboards and other stuff right from the beginning, so there is absolutely no need to postpone those benefits.

🔎 KYC and anonymity (5/5)

As of today, Betplay casino operates without a license. That means that it requires no KYC verification at all.

I guess that this situation will change once they acquire a Curacao license, as mentioned in the first section of this review. Curacao authorities will not allow them to work without initiating KYC checks, so I assume that sooner or later Betplay will also start asking for documents.

Right now, I give them five points for this section. The KYC procedure is one of the biggest pains of online gamblers, so it always makes me happy when there is no need to pass it.

👨‍💻 Customer support (4/5)

The customer support service was always online during my testing period, and they reacted pretty fast to my messages. The only problem here is that support agents were always double-checking everything I asked for.

It does not look like these guys have passed any reasonable training. Indeed, it seems that they were thrown to the first line of support without supervision. I will deduct one point from this section of Betplay’s review. Despite the fact that support agents were sometimes slow, I was able to get all the answers I needed.

⚡ Speed of withdrawals (5/5)

I have requested a cashout to the same Bitcoin wallet I used to make my first deposit.

The transaction was released two minutes after I requested it.

This section of the review gets the maximum number of points. The withdrawal process is smooth and fast.

🌐 Is VPN allowed? (5/5)

The support agent confirmed that you can play here using a VPN.

🏁Final verdict (3.4/5)

Betplay might become your choice if you are looking for a simple crypto casino with easy, fast, and cheap payments. Do not expect to get any additional rewards here, as their welcome bonus and loyalty promotions are not designed to reward you at the beginning of your journey.

The absence of KYC verification might be another advantage, but I guess this benefit will be removed as soon as the casino gets a Curacao license.