Trusted and licensed U.S. betting brand
Good odds for the major leagues
User-friendly mobile apps
1-5 days
BetSmart™ Rating
BetSmart™ Rating
Bally Bet has rolled out the red carpet for new bettors in Colorado and Iowa with a $550 risk-free bet and some of the most competitive lines in the nation.
Bally is one of the most iconic gambling brands in the U.S. Twin River Worldwide Holdings acquired the Bally Brand in 2020, re-branded itself to Bally’s Corporation shortly after that, and launched the Bally Bet Sportsbook in 2021. Today, the Bally Bet Sportsbook is available in Colorado, Iowa, and Virginia, with further U.S. state expansion on its radar. Bally Bet aims to attract players with bonuses, promos, a solid rewards program, and sharp odds. But does it live up when put to our stringent testing? Let's find out.
Bally Bet offers some of the best sports betting bonuses around. The various promotions are among the sportsbook’s main perks, while availability varies by state.
Sign-up bonus
The Bally Bet welcome bonus is great for getting new users through the sportsbook’s virtual doors. This promo allows you to place your first bet without worry, as the sportsbook will reimburse 100% of your wager — up to $550 — if your pick comes up short. This credit allows you to bet again at no extra cost.
Loyalty bonus
Customers earn loyalty points for their online and in-person wagering activities. The points are redeemable for perks, including free online bets, dining, merchandise, and more.
Rewards Program
While many online sportsbooks lack a rewards program, Bally Bet has two: Bally Rewards and Trophy Rewards. Bally Rewards points can be earned in land-based Bally locations and online. These points can be exchanged for free bets, cash, dining, or merchandise. Trophy Rewards allow users to complete challenges to earn virtual trophies and real free bets.
On-going promotions and bonuses
Special promotions are common at Bally Bet and are often based on specific teams in select states. For example, Colorado Collapse Protection gives bettors $25 refunds if the Colorado Rapids lose after blowing a two-goal lead. The operator even has $5 free bets for vaccinated customers.
Deposit options
The available deposit options at Bally Bet are limited. Alternative methods would certainly boost the sportsbook’s overall offering if added in the future.
| Deposit Method | Fee | Process Time | |
|---|---|---|---|
|
|
Free | Instant | $10 |
|
|
Free | Instant | $10 |
|
|
Free | Instant | $10 |
|
|
Free | Instant | $10 |
|
|
Free | Instant | $10 |
|
|
Free | Instant | $10 |
|
|
Free | Up to 48 hours | $10 |
Withdrawal options
With just three withdrawal options, Bally Bet leaves much to be desired. It will take at least 24 hours for the security team to review and approve a withdrawal request.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
|
|
Free | 1-5 Banking Days | $10 |
|
|
Free | 1-5 Banking Days | $10 |
|
|
Free | 1-2 Banking Days | $10 |
The Bally Bet platform is still a work in progress having launched in May 2021. It does have some of the familiar key features, but there is room for improvement here.
Live betting tops a list of underwhelming features from Bally Bet. With an overly simplistic interface, bettors are unable to view useful live stats, visual trackers, or live streaming. The live betting section gets the job done, but let’s hope Bally adds some improved features in the future.
Bally Bet’s dedicated sports betting app has social features that allow customers to share their betting activity with friends.
Bally Millions, an app-exclusive parlay game, offers some of the largest sports betting payouts in the industry. For example, a parlay with eight selections can award a $1 million jackpot from a $2 ticket.
The online sportsbook has early cash-out options — but only for select bets. Unfortunately, these bets are not identifiable until after all wagers are confirmed. Bettors must make their selections and then view their open bets from the menu. If a cash out is available, it will appear here, along with the odds and value.
The Bally Bet app uses proprietary software to give customers access to sports betting options on the go. It is relatively simple and to the point with a standard mobile betting interface. While the sportsbook app isn't overly flashy, it does get the job done, and it runs smoothly on iPhone and Android devices. It also maintains full account functionality, including banking.
The Bally Bet website is well-secured, using 256-bit SSL encryption. The well-known and established gambling brand currently operates legally in Colorado, Iowa, and Virginia with licenses from the Colorado Department of Revenue, Iowa Racing and Gaming Commission, and the Virginia Lottery.
Colorado Division of Gaming
Iowa Racing and Gaming Commission
Virginia Lottery
Bally handles customer support very well. The sportsbook’s contact page includes a phone number, email address, and a live chat button. Users can also check out the frequently asked questions for information on common topics.
While Bally Bet is on the right track, it still has a way to go until it can compete with the top online sportsbooks in the U.S. It does, however, come with some notable advantages that give it an edge over the competition.
Rewards on top of rewards
The two loyalty programs available at Bally Bet can generate several rewards. In addition to the standard comp (complimentary) points, Bally Bet Sportsbook users can claim prizes by completing challenges. For example, cash five consecutive winning bets and claim a $10 free bet.
Social aspect in the apps
The Bally Bet app comes with some interesting social features. Users can make friends, follow their activities, share bets, and even challenge others for bragging rights. These features can encourage bettors to invite their friends to the app and place wagers together.
Bally Millions for large payouts
Bally Millions is a selection of parlay games that are exclusively available on the app. These combos promise massive returns that can exceed $1 million on a bet of just $2. These parlays may feel like playing with lottery odds, but they add another betting option to the mix.
Yes, Bally Bet is a legitimate online sports betting site provided by Bally's Corporation, which owns more than a dozen casinos throughout the nation. Formerly Twin River Worldwide Holdings, Bally's Corporation acquired the Bally's brand from Caesars Entertainment in 2020.
Yes, Bally Bet's online sportsbook is safe. Users have to verify their location to prove that they are in regulated states, while standard verification measures ensure that only customers can withdraw cash from their accounts.
You must be in Colorado, Iowa, or Virginia to join Bally Bet. However, the sportsbook is set to expand to other states soon.
The welcome bonus at Bally Bet is a 100% risk-free bet of up to $550. It applies to the first qualifying wager placed after registering with the online sportsbook. Players are awarded a free bet if the initial wager isn’t successful.
No, Bally Bet does not accept Bitcoin deposits. Instead, users can deposit in USD via multiple payment methods.
Yes, you can withdraw real money winnings from Bally Bet Sports at any time. Make sure to verify the account in advance for faster transactions when you want to cash out. The minimum withdrawal limit is $10.
It generally takes one or two banking days for withdrawal requests to be approved. Once approved, you may have to wait a few more days for the funds to show up in your bank account.
Visit the Bally Bet site and click on the Contact Us tab. Here, you will find the three available contact options and some FAQs. Bally Bet live chat is the most convenient way to get in touch with the Bally Bet team.
