As the sports betting industry makes it way through Maryland, Marylanders will need to become familiar with their sportsbook options. One of the likely candidates is BetRivers Maryland.
Earlier this year, Bingo World in Baltimore partnered with BetRivers to make it its official sports betting operator. When the facility does eventually open its in-person sportsbook, it will be the sixth in-person sports betting location in the state of Maryland. In addition, BetRivers Maryland will likely become one of the 60 mobile sportsbook operators in Maryland as a second skin with Penn National.
BetRivers has a lot to offer bettors of all experiences, so let’s take a closer look at the platform as it prepares to launch in Maryland.
BetRivers Maryland Bonus Code For May 2022
BetRivers offers a 100% deposit match up to $250. It also only has a 1x playthrough requirement. Bettors set how much they can receive with their first deposit, then they get $1 for every $1 they wager. Use code SHARP250. Terms and conditions apply.
|BetRivers Maryland Promo Code||SHARP250|
|Deposit/Match Bonus||100% deposit match up to $250|
|What States Allow BetRivers||AZ, CO, IL, IN, IA, MI, PA, VA|
|BetRiver’s Land-Based Partner||TBD|
|Promo Code Verified For||May 2022|
How To Register For A BetRivers Account In Maryland
Registering for an account is one of the easiest parts of sports betting. Bettors will find the registration button in the top right corner of the screen. That will take them through the three steps required to create their accounts.
During the first step, bettors will have a space to enter our BetRivers bonus code. New bettors may be surprised to see that they must provide their Social Security numbers on step two. However, that’s a necessary step for sportsbooks to take to ensure they comply with anti-money laundering laws. Once that’s done, bettors can make their first deposits and begin betting.
BetRivers Maryland: Bonus And Promotional Grade (4/5)
In this early phase of sportsbook expansion, many sportsbooks compete on bonuses. BetRivers does a pretty good job of rising to the challenge. Deposit bonuses aren’t quite as competitive as risk-free bets. Its $250 amount is low compared to similar deposit bonuses, too.
One thing stands out that gives BetRivers’ deposit bonus a big boost. Its low playthrough requirement is what makes it competitive. BetRivers’ deposit bonus only has a 1x playthrough requirement. That means that to get their bonus credits, bettors only have to wager $1 to get $1.
Compare that to DraftKings’ deposit bonus. It allows bettors to redeem up to $1,000 in bonus credits. However, its match rate is lower at just 20%. Bettors must wager $5 to get $1 in bonus credits. That makes it harder for most bettors to redeem the full value of the bonus.
However, deposit bonuses are designed to cushion bettors’ wagers in proportion with their betting patterns. They do that for a short time, but that’s appropriate, too. Eventually, sportsbooks have to compete on long-term benefits for bettors. Welcome bonuses are just meant to get them started.
BetRivers Maryland: Odds Vs The Competition Grade (4/5)
BetRivers’ odds are pretty good on one side of the line. Odds on the favorite to win tend to be strong compared to the market. BetRivers’ odds also tend to be eerily similar to DraftKings. For some reason, their odds are often the same across categories point for point. Here’s a sample of baseball lines where BetRivers’ odds actually differ from DraftKings’:
|LA Angels||BOS Red Sox|
DraftKings edges BetRivers’ odds on the Angels out by one point. It’s unusual to see either sportsbook lead in underdog odds. But, now bettors have seen the exception to the trend. However, its MLB futures odds are more predictably conservative:
|CHI White Sox||+900||+1,000||+900||+1,000|
BetRivers: Market Depth And Variety Grade (4.5/5)
BetRivers (and DraftKings) have competitive futures in this low odds range. But beyond about +2000, the rest of the market edges BetRivers out.
Bettors who sign up for BetRivers will have no trouble finding a sport, league, or line to wager on. BetRivers offers the core sports that most American sports bettors are interested in. The four major sports (football, basketball, baseball, and hockey) are represented. BetRivers offers several international leagues within these sports, too.
On the next tier down, BetRivers offers lines on sports like golf, boxing, and tennis. These are sports that are also popular, but not nearly as popular as the major leagues. These sports have many leagues in the United States and abroad listed under them. That gives bettors many options in familiar but less popular favorites.
Finally, BetRivers offers sports like handball, lacrosse, and snooker. These sports don’t have mainstream appeal. But they offer bettors who want something a little different sport options they may not explore otherwise.
But BetRivers also offers house specials. These are exclusive wagers that BetRivers put together. They’re mostly profit boosts and parlays with higher odds, but additional risk. In addition to standard game lines and futures, BetRivers rounds its wager selection out nicely.
BetRivers Maryland: Deposit And Cashout Grade (5/5)
Bettors won’t have any problem moving money from their bank accounts to BetRivers and back again. All the major sportsbook brands make moving money easy, and BetRivers is no exception. Here are BetRiver’s deposit options:
- Online Banking
- Wire Transfer
- VIP Preferred ACH
- Credit/Debit Card
- BetRivers Play+
- Vanilla – Cash Payment
- PayNearMe – Cash Payment
Each of these options offers an easy deposit option for all sorts of bettors. Bank transfers are great if bettors’ banks don’t block sportsbook transactions. (Sports betting’s spread hasn’t quite shaken off the gambling reputation of old.) Debit and credit cards offer similarly-direct deposit options. But PayPal and the two cash payment options can also let bettors keep their gambling and personal funds separate.
However, withdrawal options are more limited:
- Online Banking
- VIP Preferred ACH
- BetRivers Play+
BetRivers confirms bettors’ identities before authorizing a release of funds. So, while deposits are often processed instantly, withdrawals take a few days. This is a feature common to all sportsbooks. No one wants to be the first licensed sportsbook operator to accidentally aid money launderers.
Overall, BetRivers’ deposit and withdrawal options are competitive within the industry. It offers a strong selection of both, giving its bettors much flexibility. Availability for certain deposit and withdrawal options will vary based on the state.
BetRivers Maryland: Mobile App Grade (4/5)
While BetRivers has a strong selection of sports and a competitive rewards program, its app isn’t as smooth as its competitors. Navigation is clunky and hopping between different pages involves an awkward lag.
Other apps offer a sidebar where bettors can scroll through all the sports, often in alphabetical order when the search option isn’t enough. BetRivers offers a scroll bar with sports icons and tiny text. It’s harder to take all the options in at once and move through them.
However, once bettors get to the lines, BetRivers becomes easier to use. Users simply tap the odds they want to wager on and add them to their bet slips. From there, bettors can decide how much money they’d like to wager. Then, they can confirm their wagers and see how they pan out.
It’s clunky compared to the other apps on the market. But the core features run correctly, and many bettors will forgive bumpy navigation for a sportsbook that’s competitive by every other measure.
BetRivers: Overall Grade (4.3/5)
BetRivers has one of the best deposit match bonuses on the market. It allows bettors to get a sizable and quick boost to their early bets. Its odds are also strong on low-range futures and favorites on game lines. BetRivers offers many different sports, leagues, and lines, leaving few bettors wanting. Its deposit and cashout options are generous.
However, its app remains awkward compared to other large sportsbook brands. Overall, it’s strong. It just has a few loose ends to work on.
Is BetRivers Legit?
Yes. BetRivers is a legitimate sportsbook operator. Here are five things that set it apart from the unlicensed sportsbook that bettors should avoid.
BetRivers Respects Market Access
BetRivers only operates in markets where it’s been granted a sports betting license. It goes through the proper channels to secure market access. It’ll respect the rules laid out by the market’s gambling enforcement body. In contrast, unlicensed sportsbooks operate anywhere they like without any respect for the law.
BetRivers Submits To Rigorous Regulation
State Gambling Commissions and similar regulatory bodies exercise tight control over their sportsbooks. These organizations have the power to discipline sportsbooks that break industry rules. They can fine sportsbooks and even suspend and revoke sports betting licenses. BetRivers submitting to these regulations and industry rules is a mark of safety that bettors shouldn’t take for granted.
BetRivers Tests Software Before Launch
Most, if not all, of the Gaming Commissions to which BetRivers submits require sportsbooks to test software and security before launching. That ensures that bettors’ information, like Social Security numbers and bank routing numbers, are secure when bettors sign up en masse. That’s the kind of proactive approach to data security that unlicensed sportsbooks won’t bother to go through. Are you willing to take data security chances with your personal and financial information by betting with an unlicensed sportsbook?
BetRivers Is A Product Of Rivers Casino
Rivers Casino is a large casino and resort brand with a national reputation to uphold. That means it’s experienced handling sensitive bettor data. However, it also means that it has a huge incentive to run a legitimate sportsbook. Rivers Casino isn’t going to let its product disappoint bettors or state regulators.
BetRivers Terms And Conditions
The boring “Terms and Conditions” page that nobody reads is actually one of the most important parts of a legitimate sportsbook. That’s where BetRivers promises to pay bettors for the odds they get locked into if they win. The basic tenants that bettors expect from a legitimate sportsbook are all in there. Unlicensed sportsbooks don’t have them because unlicensed sportsbooks don’t need to abide by the same rules as licensed sportsbooks. That’s what makes them dangerous for bettors.
Why Choose BetRivers Over Illegal Betting Sites?
While BetRivers is confined to industry rules set by each state it operates in, unlicensed sportsbooks have no regulations. Their security isn’t examined by independent auditors. State Gaming Commissions don’t get reports on unlicensed sportsbooks’ security measures. They have no way to regulate unlicensed sportsbooks until they’ve already behaved badly in the marketplace.
In some states, bettors who’ve been cheated by unlicensed sportsbooks have no legal recourse. That’s the case in Colorado, where bettors cannot sue illegal gambling operations for damages. So, if bettors get ripped off by an illegal sportsbook, they may be completely out of luck.
However, illegal sportsbooks don’t have to be intentionally terrible to be dangerous places for sports bettors. They can underserve their patrons with good intentions but poor execution. While the most malicious illegal betting sites will steal bettor information, accidental data breaches can be just as damaging.
Remember, most sportsbooks require all or part of their bettors’ Social Security numbers. Those are valuable numbers for opportunistic hackers. Unlicensed sportsbooks with poor security are great targets for hackers who want to grift off them. Bettors would be wise to keep their information out of their hands.
Licensed sportsbooks like BetRivers don’t come with all this baggage. Their security and software are tested months before they launch. Any changes they need to make are made available to them and to the State to make sure bettors are getting safe sports betting options.
BetRivers also has a terms and conditions page that spells out how it will operate honestly and uphold its end of the bargain. BetRivers isn’t just the safe option. It’s the smart one.
Why Can You Trust BetRivers With Your Money?
We harp on the state regulations that BetRivers and other licensed sportsbooks submit to because they offer such powerful protections for bettors. It’s easy to take these government-regulated businesses for granted. But those protections play a critical role in bettors’ financial security.
As we’ve said before, most states’ Gaming Commissions require sportsbooks to test-run their software before launching. That means an independent auditor evaluates BetRivers’ software to ensure that it’s secure and that it’s functional.
The auditor submits a report to the sportsbook and the Gaming Commission, often giving the sportsbook 60 days to make recommended improvements. That test run ensures bettors get the best protection for their money when they place their bets. Issues that are solved ahead of time by the Gaming Commission don’t plague bettors when they begin betting.
Between end-to-end encryption and strict Gaming Commission rules, licensed sportsbooks like BetRivers maximize security for bettors’ most sensitive information. That is something that bettors won’t find at unlicensed sportsbooks. Bettors certainly won’t get that kind of security from any lingering bookies.
BetRivers Fact Sheet
|How Old Do You Have To Be?||21|
|What States Is It Legal In?||CO, IA, IL, IN, MI, NJ, PN, VA|
|Who Is BetRivers’ Partner In Maryland||TBD|
|Launch Date In Maryland||TBD|
BetRivers Maryland FAQ
Bettors have to be at least 21 to place bets at Maryland sportsbooks. Maryland opens up some gambling options for 18-year-olds, like bingo and the lottery. But unless the Governor throws a fit about the sports betting age, the sports betting bill requires sports bettors to be at least 21. (It’s buried on page 33.)
Like most states, it’s probably set the sports betting age at 21 to eliminate problems with minors attending casinos to visit retail sportsbooks. All the edgy high school seniors will just have to settle for fantasy sports.
Yes. Maryland sports betting apps will be geofenced when they go online. That will only allow Marylanders to place sports wagers. Anyone who tries to place a bet out of state will be blocked. That solves a lot of state sovereignty issues.
If out-of-staters could place bets in Maryland, then legalizing sports betting in one state would legalize it in the whole country. It’d be madness! However, bettors will likely be able to perform account management functions like registration and deposits from out of state.
When bettors win, their winnings go to the cashier section in the top right corner. Bettors can access the cashout sections and select their cashout option. However, bettors should be prepared to wait three to five business days after they put their requests in.
Like all sportsbooks, BetRivers needs to confirm who they’re sending the money to. BetRivers follows strict anti-money laundering laws, and must ensure it doesn’t unwittingly participate in it. It’s bad for business.
Yes. Live betting is one of the first game lines that bettors will find when they open BetRivers. That’s common among sportsbooks, though. Live betting is one of the most popular forms of betting.
It not only tests bettors’ knowledge of the game. But it also engages bettors in the games they wager on. It’s doubly engaging for bettors, which sportsbooks profit heavily from.
Yes. But it offers them seasonally, so bettors can go weeks without seeing esports lines. However, bettors will find game lines on esports leagues like Counter-Strike: Global Offensive and League of Legends. They feature highly organized leagues with clear rules that lend themselves to sports betting.
However, they also lend themselves to state-approved wagers. State Gaming Commissions have a say in which sports sportsbooks can offer lines on. If Maryland authorizes esports, BetRivers will have them.
Yes. Bettors could even create BetRivers accounts out of state. However, registration is the easy part. Bettors won’t be able to place wagers from out of state. (It’ll probably be a little squirrely at the state borders.) But basic account management will be possible from anywhere.