Wagabet is a fairly new casino that, surprisingly, is one of the worst establishments we have seen recently. The casino has virtually nothing to offer its clients. They are not only unregulated and unlicensed but only offer four games in total and virtually no bonuses. The payment method selection is also very poor. Moreover, the casino does not offer a clear and comprehensive payment policy and bonus policy which is a huge red flag.
We urge you to stay away from this casino and opt for a more reliable establishment. More details on how we reached this conclusion in the following review.
Wagabet does not offer any standard bonuses. Most casinos would allow players access to enticing Welcome Packages, huge Reload Bonuses, various Free Spin offers, Cashbacks and Rakebacks, special Seasonal Bonuses, etc. This was not the case here – if good bonuses make or break a casino for you, Wagabet is hardly the right choice.
|Cash out limit
The only thing this house has to offer when it comes to promotions is a Leaderboard tournament. The bonuses are daily, weekly, and monthly. Each day, week, and month, the top 10 players in the leaderboard get bonuses in Bitcoin. The value of the bonuses is not exactly impressive – 0.00014706 for the daily winner, 0.00147059 for the weekly winner, and 0.00294118 for the monthly winner. This means that you can get around $6.9, $68.5, and $137 respectively if you are the best player at this casino each day, week, or month. No other bonus-related conditions – like wagering requirements or cash-out limits – were specified.
There are plenty of casinos that offer huge bonuses to players and would allow you to get top-ups as huge as a few hundred dollars or a few hundred free spins. Accepting the mediocre, unimpressive bonuses this house has to offer is just a waste of your time.
Wagabet is a fully anonymous casino. The name of the casino's operator was not mentioned anywhere on the website or in the Terms and Conditions, and no specific contact details were provided. The only ways to reach the casino's support team were via live chat or e-mail – there was no phone number or address.
Wagabet does not seem to be regulated by any gambling regulatory bodies. Licensed houses usually embed a digital license seal at the footer of their website which makes their license easy to trace and verify. This was not the case here. The casino did not mention anything specific about bothersome regulation. Although not all unregulated casinos are scams, this one is so poorly made that is seems like one. Moreover, unlicensed casinos generally do not answer to anybody and do not have to comply with any rules and regulations. This makes them a far less reliable choice than established, licensed enterprises.
If you want to work with a top-tier casino, your best bet is to search for establishments regulated in strict jurisdictions like Malta or the UK. Both countries have robust, well-established rules that regulate online gaming. Extensive regulatory frameworks that prioritize player protection, fairness, and responsible gaming practices are in place in Malta and the UK. To keep their licenses and continue doing business in these jurisdictions, companies operating in these countries have to abide by stringent requirements and restrictions.
The regulating body in charge of all gambling activities in Malta, including online gaming, is the Malta Gaming Authority (MGA). The MGA's rules are designed to protect players, promote responsible gambling, and stop money laundering. Different kinds of licenses are offered based on the particular kind of gaming activity. Strict rules about responsible gaming, player safety, anti-money laundering procedures, and technological requirements for gaming software must be followed by license holders. When compared to several other countries, Malta's tax system for gaming companies is rather advantageous, with varying tax rates based on the type of gaming activity.
The organization in charge of regulating gambling in the nation is the UK Gambling Commission (UKGC). Its main goal is to ensure that gaming is both legal and safe. A license from the UKGC is required for any company that provides gambling services to clients in the UK. To safeguard vulnerable people, the UK has tight laws restricting gambling advertising, including limitations on location and content. In addition to other taxes, operators must pay Remote Gaming Duty (RGD), which is calculated based on the gross gaming output from UK clients. Strict restrictions have been put in place by the UKGC to safeguard players, stop underage gambling, maintain fairness, and address problem gambling.
In recent years, online casinos have come to love Curacao, an offshore jurisdiction. Even if it is far simpler and quicker to get a license there than it is in more stringent jurisdictions like Malta or the UK, local casinos can still show players that they are dependable by having a license. Several gambling websites find Curacao to be a particularly appealing alternative because of the country's very favorable tax policy for such enterprises. Operators can provide services all over the world with a Curacao license which is also appealing.
Operators' ownership, business strategy, financial stability, and compliance protocols are closely examined when they apply for an eGaming license in Curacao. Background checks are performed to ensure that those in charge of the casino adhere to integrity rules. Continuous compliance audits are conducted to ensure that operators are adhering to the regulations once they are granted a license.
Always make sure to work with regulated casinos that adhere to high-security standards to stay safe.
Clients from the following countries cannot open accounts with this casino:
Restricted countries: Aruba, Australia, Belize, Bonaire, Sint Eustatius and Saba, China, Curaçao, Cyprus, France, Netherlands, Saint Martin (French part), Spain, Ukraine, United Kingdom, United States
The casino's website is available in the following languages:
Languages: English, Russian
Wagabet Deposit and withdrawal
Wagabet only supports one payment option – crypto. Moreover, unlike with good crypto casinos, you can only deposit in one cryptocurrency – Bitcoin. Most houses provide players with a far larger variety of payment options – credit and debit cards, wire transfer, prepaid cards like Paysafecard, Neosurf, and Flexepin, electronic payment solutions, and e-wallets such as Neteller, Skrill, MiFinity, Jeton, eZeeWallet, etc., mobile payment options like Google Pay, Apple Pay, Revolut, Volt, etc., and often enough – crypto. Crypto casinos, on the other hand, only accept crypto payments but accept a far larger selection of cryptos and not just Bitcoin.
What is even more unfortunate is that Wagebet did not provide a clear and comprehensive payment policy. The casino did not specify what the minimum and maximum deposit and withdrawal amounts are if there are any additional transaction fees, and what the deposit and withdrawal processing times are. Crypto transactions are usually processed fairly fast, even instantly but we cannot be sure that this is also the case with this shady casino.
The only more specific thing we learned was that if you do not use your account for 3 consecutive months, it will be classified as inactive and you will have to pay a 10% fee.
BTC is the only account currency this casino supports.
Currencies: Bitcoin (BTC)
Wagabet Games and game suppliers
Wagabet did not specify which game providers it works with but that was hardly needed. The game library only featured a few very simple casual games – Goals, Mines, Hats, and Dice. All of these games looked like they were developed in-house by the casino itself and not by an outside provider we were familiar with.
Good casinos sometimes develop their own games – this sort of initiative is always good to see. However, most of their games are usually provided by well-known game developers like PragmaticPlay, Evolution, Wazdan, Nolimit City, Yggdrasil, Play'n Go, Spribe, Big Time Gaming, Playson, etc. The best casinos sometimes work with as many as 100 or more game providers. Most houses strive to work with at least 40-50 to offer a good variety of games to players.
Most casinos aim to offer different sorts of games – slots, online table games, live dealer games, casual games, and sports betting. Some houses offer vast game libraries with 3000-4000 titles in total. That is why it is disappointing, to say the least, that Wagabet offers only 4 games and not very varied ones at that.
If you are looking for a substantial game library, steer clear of this casino as they will surely not manage to provide you with one.
Game providers: Unspecified
Wagebet is one of the worst casinos we have recently encountered. Very rarely have we seen a casino that has absolutely nothing to offer to its clients. This house is unregulated and anonymous which means that they are hardly safe to work with. When it comes to playing conditions, we have nothing good to say. The casino only offers four games in total and does not work with established game providers. They only accept Bitcoin payments and do not offer a clear payment policy. Finally, players can only get a bonus if they end up in the top 10 of the casino's leaderboard – and the bonuses were unimpressive, to say the least.
We would suggest that you avoid this casino for your own good – you will have no problem finding a licensed establishment that offers a higher level of safety and far better playing conditions.
Wagabet Pros and Cons
|Unregulated and fully anonymous
|Limited choice of payment options
|Unclear payment conditions
|Very poor selection of games