MaximBet review

Last updated on: October 18, 2022
Bonuses
4
Casino bonus score

MaximBet’s welcome bonus is an attractive risk free bet of up to $500. Although not the highest amount available to bettors, it’s still enticing enough for most.

Welcome bonus
Up to $500 risk free bet
Other promotions
Odds boosts
Additional details
No bonus code required. Register to claim offer
Qualifying bet: $10 with no odds restrictions
Wagering requirement: 1x bonus
Payment Methods
3
Payments score

MaximBet have a good range of payment methods including VISA, VIP Preferred and PayPal. You only have to deposit $10 to get started but a lack of ways to withdraw your winnings lets the sportsbook down.

Deposits
Min: $10
Min: $10
Min: $10
Min: $10
Min: $10
Withdrawals
Min: $10
Min: $10
Sports & Features
4
Overall sports and features provided

There are plenty of sports to bet on at MaximBet with some niche offerings on top of the likes of NFL, NBA, and soccer. MaximBet also offer markets on lots of different competitions and leagues within each individual sport.

Sports
Baseball Baseball Basketball Basketball Football Football Golf Golf Hockey Hockey Tennis Tennis
Features
Cash Out Edit Bet Enhanced Odds
Security
5
Security score

MaximBet is licensed to operate in Colorado by the Colorado Division of Gaming and also have SSL encryption for maximum safety.

Encryption
Support
4
Customer support score

MaximBet are available to contact via both live chat and email. Live chat is open 24 hours per day, seven days per week, so you should always be able to get an immediate response to any queries.

Live Chat
24/7
Email
Interface
4
Casino interface score

MaximBet is easy to navigate and use with popular sports listed at the top to make it as simple as possible to get to the sport you want to bet on. Unfortunately, the MaximBet mobile app is very poor and crashes constantly.

Offer
500 $ BONUS
Up to $500 risk free bet
7
MaximBet is a solid sportsbook that prides itself on exciting promotions and offering a good range of sports to bet on, although their small number of markets on major leagues is a bit of a letdown.

Created through a partnership with the famous men’s magazine, MaximBet is one of the newest legal US sportsbooks and offers some of the best promotions on popular sports.

MaximBet also have a wide range of leagues and events to bet on, but there is significant room for improvement in terms of market depth whilst no same game parlay option is a huge miss.

Pros
  • Enticing promos
  • Easy to navigate
  • Good range of sports
  • Edit bet
Cons
  • No same game parlay on any sport
  • Poor NBA and NHL odds
  • Lacks markets in many sports
  • App prone to glitches and crashes

There are a few aspects that would make MaximBet a stronger betting site, such as improving the mobile app and making their odds general more enticing, but the sportsbook is overall fairly good.

Where is MaximBet Available in the US?

MaximBet is currently only available in Colorado, where they are licensed by the Colorado Division of Gaming and partnered with Johnny Nolon’s Casino.

The license ensures that MaximBet has to follow Colorado’s legislation for sports betting, which ensures fair practice and protects bettors by providing them with legal recourse if necessary.

MaximBet Welcome Bonus

MaximBet have a pretty good welcome bonus of a $500 risk free bet that will appeal to most bettors thanks to friendly terms and the fact it is easy to claim.

There is no MaximBet promo code required so it’s just a simple case of signing up and wagering to access the welcome bonus, which comes with no complex terms and just 1x wagering requirements.

If your first bet loses, you will be credited with MaximBet free bet credits of the same amount up to $500 to use within seven days.

MaximBet welcome bonus
maximbet-welcome-bonus-arizona
Max bonus$500
Bonus percentage100%
Wagering requirements1x
Time to complete wagering requirements7 days
Expiry dateAugust 31
Minimum odds-200
Bonus codeNone
Sports restrictionsNone

The $500 risk free bet available at MaximBet is not as lucrative as other US betting sites such as BetMGM and PointsBet, but it’s still certainly still attractive.

One of the best things about this MaximBet promotion is that you receive bet credits, as opposed to a single free bet, so you’re free to wager those bonus funds in whatever increments you like.

Free bet stakes

Wagers made with free bet credits are not included in returns. So if you place a $20 free bet on a +200 line, your total returns would be $40.

MaximBet Bonus T&Cs

There’s a few important terms and conditions to be aware of before you claim the MaximBet welcome bonus. In particular, you only have seven days to use your free bet credits before they expire, which is less than some other sportsbooks.

Key T&Cs
  • The welcome bonus is only valid on your first bet
  • You must deposit $10+ to be eligible for the bonus
  • The qualifying bet must be at least $10 and must settle within seven days of your account being opened.
  • If your qualifying bet loses, you will be credited with free bets of the same value up to $500.
  • The maximum bonus you can receive is $500
  • Bonus expires seven days after receipt

How to Claim MaximBet Sign-up Bonus

You don’t have to use a MaximBet promo code or opt-in when you register, so all you need to do is sign up and bet as usual.

The qualifying bet can be on any market in any sport, but remember that only losing bets are eligible for the matched free bet up to $500. If your first wager wins then you won’t get MaximBet free bets.

1
register
Register

Create an account with MaximBet.

2
Deposit

Fund your new account with at least $10 using any of their accepted payment methods.

3
Place bet
Bet

Place a bet of at least $10 on any market in any sport.

4
receive bonus
Receive bonus

Get bet credits worth the same amount (up to $500) if your bet loses.

5
wager bonus
Enjoy bonus

Use your free bet credits within seven days.

When you sign up for a new MaximBet account, you will need to provide some personal information such as your name, address, and the last four digits of your Social Security Number.

This verifies your identity and all information is held securely as part of KYC (Know Your Customer) regulations, which ensures you are who are say you are.

Overall, MaximBet requires the following information:

  • Email
  • Username
  • Password
  • First Name
  • Last Name
  • Date of Birth
  • Phone Number
  • Address including city, state and zip code
  • Last four digits of your Social Security number

Other Promotions

Good promotions is one of the main aspects that MaximBet excels at, offering a variety of exciting promos on a range of sports. Unlike many other betting sites, MaximBet expands beyond just the major US leagues by having promos for soccer and golf.

Most of the MaximBet promos return free bet credits on certain losing bets or on parlays, such as 20% of your stake back on losing 3-leg MLB parlays if one leg lets you down.

Golf bettors will find plenty to get stuck into at MaximBet with the chance to get 50% of your stake back if your golfer fails to make the cut, as well as $10 in free bet credits simply for spending $50 on golf wagers.

MaximBet also offers odds boosts every day on many different sports, giving you extra value and returns, although they are usually capped at $25 max stake.

Payment Methods at MaximBet

MaximBet offer a decent range of ways to both deposit and withdraw money from your account, all of which are popular methods that should cater to almost all bettors.

VISA, Mastercard, VIP Preferred, and PayPal all being available is good as these are all common methods, and $10 minimum amounts for both depositing and withdrawing is appealing to all.

  visa logo mastercard logo “vipbank transfer logo“skrill paypal logo
Min/max deposit$10/none$10/none$10/none$10/none$10/none$10/none
Min/max withdrawalN/AN/A$10/none$10/none$10/noneN/A
FeesNoneNoneNoneNoneNoneNone
Payout timeN/AN/A1-5 days1-5 days1-5 daysN/A
Withdrawal methodNoNoYesYesYesNo

Adding PayPal as a withdrawal method would strengthen MaximBet’s position here as having only three ways to pull your money out is rather restrictive.

As well, each withdrawal method potentially taking as long as five days to process is slower than many other betting sites.

How to Withdraw at MaximBet

MaximBet have just three ways available to withdraw your money, all of which have fairly vague withdrawal times so it’s difficult to know exactly how long you’ll be waiting.

The full list of MaximBet withdrawal methods and the processing time for each is below:

  • VIP Preferred: 1-5 days
  • Bank transfer: 1-5 days
  • Skrill: 1-5 days

MaximBet Mobile App

The MaximBet mobile app is available on both iOS and Android, with Apple users able to download it from the App Store. It is a little more awkward for those on Android, who have to download and install the APK file from the MaximBet website.

However, it is not worth the effort of installing it to your phone because the MaximBet app is simply plagued with errors. Constant glitches and random crashes render the app almost useless and you’re much better served just using the MaximBet mobile site.

You will also find that your location needs to be constantly verified on the MaximBet app, even if you’re on WiFi and haven’t moved.

Geo-location with MaximBet

MaximBet cannot accept bets from states where they do not have licenses, even if you signed up in one of those states or live there. You must be physically present in a legal state to bet.

The betting site uses Geocomply location software to verify which state you are in. Simply download the plugin to your desktop and follow the instructions to start wagering on MaximBet.

If you’re on the MaximBet app or mobile, ensure that your location services are turned on in settings or you’re connected to WiFi.

MaximBet Customer Support

MaximBet provides live chat and email as ways to contact them, with live chat responses taking around 10 minutes and emails taking up to 48 hours. No phone number is available.

We found that support agents are knowledgeable and understand betting whilst writing this MaximBet review, ensuring that there’s very little back-and-forth.

The FAQs section covers all the major queries you might have, but it’s not very in-depth and many answers are short.

MaximBet customer support
Live chat

Open 24/7

Email

[email protected]

[email protected]

Phone number

None

FAQs

Average

MaximBet Sports Betting

MaximBet keeps things straightforward when it comes to betting with them, offering popular leagues and sports at the top of the page that allows for easy navigation.

The remaining sports, as well as other features like MaximBet promos and live chat, are found in a collapsible menu on the left side that can be expanded or minimized.

One of the best parts about MaximBet is their odds boosts, which are all listed on the homepage and display the previous price as well as the max stake, thus removing any confusion.

Sports Available to Bet On

MaximBet have a good range of sports to bet on, achieving a balance between more popular and more niche sports that will appeal to all kinds of punter.

There is a total of 16 sports available at the time of this MaximBet review, with each one having plenty of leagues and tournaments to bet on.

For instance, MaximBet’s soccer betting page has dozens of leagues all over the world to bet on, whilst the golf section offers odds on a range of tournaments including the PGA Tour, DP World Tour, and Korn Ferry Tour.

Other Sports

Outside of the big four US sports leagues of NFL, NBA, NHL, and MLB, MaximBet provide a range of other sports such as golf, soccer, and cricket.

  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Darts
  • Football
  • Golf
  • Hockey
  • MMA
  • Motor Sports
  • Rugby League
  • Rugby Union
  • Snooker
  • Soccer
  • Table Tennis
  • Tennis

Odds Comparison

MaximBet do not tend to offer particularly competitive odds in many sports, with their attempts to counter other US betting sites often falling flat.

Whilst these odds are usually made available early on, you may be better served waiting for other sportsbooks to open their betting markets as this will usually get you better prices.

 “maximbet“draftkings“betmgm“fanduel
Home – Miami Heat-172-165-170-164
Away – Boston Celtics+140+145+145+138
Margin4.92%3.08%3.79%4.13%
Home spread-3.5
-111
-3.5
-110
-3.5
-110
-3.5
-110
Away spread+3.5
-109
+3.5
-110
+3.5
-110
+3.5
-110
Margin4.77%4.77%4.77%4.77%

MaximBet Blog and Betting Picks

MaximBet does not have a blog, which is a shame as this can be helpful for newer bettors or more casual players who don’t necessarily have time to do full research of teams and players.

Good examples of sportsbook blogs can be found at BetMGM and DraftKings Sportsbook.

Bet Slip

MaximBet’s bet slip is one of the strongest parts of the sportsbook, with a clear and easily understandable format that has collapsible menus for types of bets like straight, parlay, and round robin.

There are also little help bubbles on the MaximBet bet slip that broadly explain each type of bet, with more in-depth definitions available in the FAQs section of the sportsbook.

Betting Markets

MaximBet have a reasonable number of betting markets on most sports but it’s certainly not anywhere near the best sportsbook for this.

All the odds you would expect to find are there, such as moneyline, spread, and player props, but MaximBet don’t offer anything that makes them stand out compared to other US betting sites.

For instance, there’s not much depth in player props in any sport and many of the markets are alternative amounts for spreads and totals. Most markets are not added until a couple of hours before the game, so there’s little chance of you being able to bet early.

The list below shows the betting markets available on MaximBet, although this does vary by sport and by event.

  • Moneyline
  • Spread
  • Total
  • Game Props
  • Team Props
  • Player Props
  • Half Betting
  • Quarter Betting
  • Anytime Scorers

NFL

The NFL season was not underway at the time of this MaximBet review and so no information is available.

NFL
Margins

No info

NFL betting markets

No info

Odds

No info

Min/max bet

No info

Promotions

No info

Football Promotions at MaximBet

There were no football promotions available when this MaximBet review but this may change when the NFL and NCAA seasons begin.

NBA

NBA betting isn’t the strong point of MaximBet sportsbook, with distinctly average odds and a lack of markets compared to other legal US betting sites.

Whilst they do make games available to bet on in plenty of time – usually in the early hours of the day the game is being played on – they are usually accompanied by only a handful of basic betting options.

NBA
Margins

4.8%

NBA betting markets

58

Odds

Average

Min/max bet

No info

Promotions

It’s Over, 3-Point Play

The one thing that does save MaximBet from being a total dud are their two promotions, both of which are enticing.

Basketball Promotions at MaximBet

MaximBet offer two promotions that are amongst the best NBA offers out there, potentially rewarding you with free bet credits.

Basketball promotions

It’s Over: When you bet $10 or more on select NBA “Total Points” Over markets, you’ll get $1 in Free Bet Credits for the number of points above the line at the time of your bet. For example, if the O/U total at the time of your bet is 220.5 and the actual game total is 229, you get $8 in Free Bet Credit.

3-Point Play: Bet at least $20 on any NBA Total Points player prop and if your bet loses, get $3 in Free Bet Credits for every 3-pointer he makes.

If you’re going to bet on NBA points markets or on player props anyway, then MaximBet is certainly worth considering for the chance to earn free bet credits.

NHL

MaximBet have a fairly poor NHL betting section, headlined by uncompetitive odds and high margins that will be off-putting for almost all players.

As well, MaximBet are slow at making more than the basic markets available in good time and so there is very little reason to bet on hockey at this particular sportsbook.

NHL
Margins

6%

NHL betting markets

45

Odds

Average

Min/max bet

No info

Promotions

Off The Post

Ice Hockey Promotions at MaximBet

MaximBet do offer one hockey promotion but it’s not as enticing as their others or as ones available at other legal US betting sites.

Hockey promotions

Off the Post: Bet $5 or more on a 3-leg hockey parlay and if exactly one leg loses, you’ll get 20% of your wager back in Free Bet Credits, up to $100.

MLB

MaximBet offer every MLB game for betting but they let themselves down by adding markets very slowly, with some games only having basic options a couple of hours before the scheduled start time.

Unlike MaximBet’s other sports, their MLB betting odds are generally in line with other major US sportsbooks, ensuring there’s a fair chance you will get best or at least very competitive odds.

Margins

5%

MLB betting markets

40

Odds

Competitive

Min/max bet

No info

Promotions

One Out Rally

MaximBet would also be better served to offer more baseball futures as they currently only have odds for the World Series winner. Having markets for MVPs and Cy Young winners would make for a vast improvement.

Baseball Promotions at MaximBet

MaximBet have one MLB promotion that will appeal to people who like to place parlays, although it is limited to exactly three legs.

Baseball promotions

One Out Rally: Bet $5 or more on a 3-leg MLB parlay and if exactly one leg loses, you’ll get 20% of your wager back in Free Bet Credits, up to $100.

NCAA

College sports were not in season when this MaximBet review was carried out and so no information is available.

NCAA
Margins

No info

NCAA betting markets

No info

Odds

No info

Min/max bet

No info

Promotions

No info

NCAA Betting Promotions at MaximBet

There are no college sports promotions available at MaximBet but this may change down the line.

MaximBet Betting Features

MaximBet have a couple of betting features that give you more power over your wagers, although the lack of a same game parlay option brings them down a few notches.

  • early-cashout
    Early cashout

    You can settle your bet early at MaximBet using the cash out function. Unfortunately, they do not show which markets are eligible before placing your wager.

  • Edit bet

    MaximBet allow you to edit your bet either before an event or during it, meaning you can add, swap, or remove selections as desired.

MaximBet is one of the few legal US betting sites to offer an edit bet function, which can be helpful if used correctly by punters, but no same game parlay is a big miss.

Like early cash out, same game parlay is standard across sportsbooks and so for MaximBet to not offer it means they fall well behind many other betting sites.

MaximBet Live Sports Betting

Live betting is available on a range of sports at MaximBet, allowing you to wager in-play on a variety of events such as football, basketball, soccer, and tennis.

The list of games available for live betting is at the top of the MaximBet homepage, making it easy to access and place bets, but unfortunately the rest of the process is not as good.

Many games have very limited market options and there are not many statistics which can help you to place bets, meaning you have to do your own research.

MaximBet live sports betting
Range of markets

Average

Live stats

Average

Ease of use

Easy

Live streaming options

None

Having live streaming would make MaximBet a better sportsbook for live betting, whilst a better animated display of the event would be a significant improvement as the current one is very basic.

Is MaximBet Legit?

MaximBet is a legit and safe US betting site that was formed out of a partnership between Maxim magazine and online betting platform Carousel Group.

They are new to the legal betting sphere, having only gone live in 2021, and are currently licensed in Colorado in partnership with Johnny Nolon’s Casino.

MaximBet company info
maximbet-company-info
US licensesCO
Other productsNone
Non-US licensesNone
Responsible gambling measuresDeposit limits, bet limits, time limits, self-exclusion
Year founded2021
OwnerCarousel Group
CEODaniel Graetzer
Publicly tradedNo

History of MaximBet

MaximBet is very new to the world of sports betting, although Maxim magazine stretches back to 1995.

maximbet-launch
2021

MaximBet launches

Maxim and Carousel Group partner to create MaximBet.

maximbet-expands
2021

MaximBet expands to five more states

MaximBet is awarded licenses to launch in IN, IA, NJ, OH, and PA in the future.

partnership-charlie-blackmon
2022

Partnership with Charlie Blackmon

Colorado Rockies outfielder Charlie Blackmon signs a partnership with MaximBet in an MLB first.

Alternatives to MaximBet

If MaximBet hasn’t taken your fancy, there are a few other legal US betting sites you can consider for your wagering.

BetMGM has one of the best welcome offers of any US sportsbook with a generous $1,000 risk-free bet, meanwhile FanDuel Sportsbook boast live streaming on a range of sports and competitive odds to back it up.

PointsBet boast low margins on the four major US sports leagues, especially NFL, so you’ll usually get higher returns on most bets with them than at MaximBet.

Conclusion

MaximBet is a decent sportsbook with plenty of positives such as their attractive promotions, which are some of the best available in the US, and they give bettors a good choice of sports to wager on.

Boosted odds on popular markets every day is also a strong aspect of the betting site, with the edit bet feature extremely useful if utilized correctly.

However, MaximBet don’t offer same game parlays on any sport and that is a glaring omission, whilst their odds on NBA and NHL are usually below standard.

The key features of MaximBet, both good and bad, are listed below:

  • MaximBet offers odds boosts every day and enticing money back promotions on a range of sports.
  • It is easy to navigate and place wagers on MaximBet.
  • $500 welcome bonus at MaximBet is not as high as other sportsbooks but it is still a solid amount.
  • There is no same game parlay available at MaximBet.
  • The MaximBet mobile app frequently crashes and is slow to respond.

FAQs

MaximBet is a safe and legal US betting site, operated by Carousel Group in partnership with Maxim magazine. They are licensed to accept bets in Colorado by the Colorado Gaming Association, who oversee online sports wagering in the state.

MaximBet is currently only allowed to operate in Colorado but they have been granted licenses in Indiana, Iowa, New Jersey, Ohio, and Pennsylvania to launch the site there in the future.

Register for a MaximBet account and deposit via one of their approved payment methods. Decide which sport and game you want to bet on, then find the market and enter your risk amount. Finally, click ‘place bet’ and wait for it to settle.

You can withdraw money from MaximBet using any of the payment methods available, with it taking between 1-5 business days to process. The only money you cannot withdraw is MaximBet free bets and bonus funds as these must be spent on the site.

MaximBet is owned by Malta-based online sports betting provider Carousel Group, who launched the site in 2021 in conjunction with men’s magazine Maxim. MaximBet is currently only available in Colorado.

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500 $ BONUS

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