mBit Sportsbook has been added to the sportsbook rating guide at D+.
The online sportsbook has been added to the bitcoin review guide, and is the 34th sportsbook that accepts bitcoin to be displayed in the sportsbook rating guide.
The bitcoin exclusive website first came online March 4 of 2014 as a casino, and accepted its first sports wager August 6 of 2015.
Location of Sportsbook Servers & Marketing
The sportsbook is hosted in Malta. Marketing is performed out of Romania.
Sportsbook Software Maker
mBit uses proprietary provider Coingaming.io for its sportsbook software.
Casino Software Maker
mBit uses eight providers for its various games: Betsoft, Play'n GO, Betgames, Endorphina, Ezugi, GameArt, Pantaloo, and Takisto.
There is a maximum payout of 100 BTC per month. Management has claimed that payouts are processed within 5 minutes.
Like all bitcoin exclusive sportsbooks, mBit allows bettors from all countries. Consequently, players are asked to provide very little personally identifying information when creating accounts.
mBit offers a 110% welcome bonus that has to be used in the casino. There are reportedly plans to integrate a sportsbook signup bonus, but management needs to work out how to prevent the offer from being abused.
The sportsbook has been assessed with a letter lower rating than the average bitcoin betting site with more experience running a sportsbook. The rating will be subject to change in the event that the sportsbook has trouble paying winners promptly, as the very nature of bitcoin calls for easy transactions without fees and without a third party processor mucking things up.
mBit players with feedback are encouraged to write to firstname.lastname@example.org.