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Wallacebet sports review for NZ 2024

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Checked byJovana Gjorgievska
85/100 Expert Rating by Elena I.
120% up to NZ$200

This exceptional sportsbook has solidified its position as a premier choice in New Zealand, offering an incredible array of sports to wager on and an enticing lineup of bonuses.

In this expert Wallacebet sportsbook review, we’ll unveil the secrets behind its success, including its incredibly user-friendly platform that sets it apart from the competition.

Pros and cons

  • Enticing welcome offer
  • Nine payment methods
  • Easy-to-use platform
  • Some poor odds
  • Lacks live streaming
  • No mobile app

General ratings

85 / 100 Expert Rating by Elena I
85Betting features rating
88Bonus rating
82Odds rating
88Payments rating
89Safety rating
85Platform rating
75Support rating
90Sports & markets rating
How we rate?
82% Playscore based on 2 critics

General info

Launch date 2020
Company behind L.C.S Limited

Expert verdict

In this Wallcebet review, I found plenty to make this site attractive to punters. For one thing, there is the fantastic welcome bonus, specially designed for Kiwis.

Once you’ve signed up, there’s a huge selection of sports and betting markets. Also, if you ever want a change from sports betting, you can bet on politics, entertainment, e-sports and more.

The site itself is easy-to-use and navigate. It retains its design when moving between devices, which makes it simple to change from placing bets on a desktop to a mobile.

Bonuses at Wallacebet sportsbook

Getting a little reward for signing up is always nice because it’s a certain day of the week. Betting sites often have a selection of sports bonuses to make playing at their site just that little bit more fun. Wallacebet offers a whole host of sports bonus deals on its promotions page.

There is an exciting welcome bonus package for New Zealand players. You can choose between a first deposit bonus or a free bet sports bonus offer. Once signed up, reload bonuses and other free bet deals are also available.

Our exclusive NZ match deposit bonus offers you a 120% match up to NZ$200 when you make a minimum deposit of NZ$45. Alternatively, you can choose the Freebet offer from the drop-down menu. Here you’ll receive a NZ$25 free bet when depositing at least NZ$25 to bet on a sport.

Bonus facts

CategoryDetails
Welcome bonus120% match up to NZ$200 or NZ$25 Freebet
Bonus codeN/A
Wagering requirements5 x deposit + bonus
Minimum qualifying betNZ$40
Risk-free betsYes
VIP rewardsN/A
Other bonusesMatch deposit bonus, reload bonus, free bets, bore draws

Each welcome bonus package comes with different bonus terms and conditions. The match deposit is valid for bets on basketball and tennis at minimum odds of 1.5. The Freebet offer is valid for bets on soccer, basketball, ice hockey and volleyball with a maximum of 5.0.

Bonus rating

88/100 Good range of promotions with various bonus types
  • Good welcome offer amount
  • Reload bonuses available
  • Regular free bets
  • High minimum deposit
  • Above-average wagering requirement

I do like to see a wide variety of bonuses. For me, punters must be rewarded for joining and being loyal to the site. So, when I’m looking at giving a score to a site, I look at the bonuses and the range of sports they cover.

Wallacebet does have a really good selection of bonuses. Its first deposit bonus is on par with major players like bet365.

It also compares well against another rival, MyBookie. That bookmaker has a much bigger match deposit welcome offer, with similar wagering requirements of 10x.

One downside I did find was that the Wallacebet bonuses section is mostly around soccer. That’s why my score wasn’t as high as it could have been.

Wallacebet sports and markets

There is a wealth of sports markets to choose from at this bookmaker. Sports betting couldn’t be easier here. Wallacebet sports betting heavily emphasises soccer, with 999+ markets available.

However, that’s not to say it doesn’t have a great selection of other sports, either. We like to see at least 30 markets, so Wallacebet has done well here, offering markets for an impressive 37 sports.

Additionally, this site covers an extensive range of eSports from the Age of Empires to Valorant and markets in e-soccer and e-basketball, but there are no virtual sports. Rounding things off, numerous Specials markets exist, including music, entertainment and politics.

Sports facts

CategoryDetails
Number of sports37
Betting markets — Basketball120+
Betting markets — Football 200+
Betting markets — Rugby100+
EsportsYes
Other markets (politics/event betting)Yes

Wallacebet sportsbook also does a good job of covering sports in its sports betting section that are popular with New Zealanders. For example, it covers various rugby competitions, cricket and Aussie Rules events. However, there is no horse racing and, as a result, no pool betting available.

Available events

  • premier league logo
    Premier League
  • ufc logo
    UFC
  • la liga logo
    La Liga

Featured betting markets

  • basketball
    Basketball
  • baseball
    Baseball
  • cricket
    Cricket
  • boxing
    Boxing
  • hockey
    Hockey
  • golf
    Golf
  • rugby
    Rugby
  • tennis
    Tennis
  • soccer
    Soccer

Sports & markets rating

90/100 Great range of sports markets for top sports events
  • Well-rounded sports coverage
  • 1000+ soccer markets
  • Covers niche sports
  • No horse racing

As I noted above, I like to see around 30 sports offered to give a high rating. Wallacebet has 37 in total, so it deserves a very high score.
I liked the way Wallacebet lists the number of markets for each one.

While the main focus is football, with over 999 markets, there are plenty of choices for basketball, American football, tennis and eSports. But, it doesn’t just stick to the most popular sports, offering many niche sports like darts, bandy and curling.

While I was impressed by the number of esports events, plus e-soccer and e-basketball, I was disappointed that there were no virtual sports. BetVictor offers six virtual sports to bet on, including virtual horse racing, virtual greyhounds and virtual football pro. I’d have liked to see these included here and more unusual offerings like virtual drag or marble racing.

Nevertheless, the range of sports, coupled with the huge number of bets that can be placed, has given me a high score. Compared to some of their biggest rivals like Neds, which has 28 sports, it has a well-rounded sports offering. However, the lack of any horse racing ought my score down.

Basketball is also well-covered on this site. There are 346 markets listed at the time of writing. You can bet on all the most famous events, like the NBA, WNBA and NBL, and many tournaments worldwide.

This bookie understands that Kiwis love soccer. It has 999+ events listed and even has a list of all the prominent footballing nations! Many of its promotions are also focused on this sport, which gives punters a good reason to place bets on the Wallacebet site.

Wallacebet sports betting features

With so many bet options, it’s good to get help sometimes. Sportsbooks can provide this help with a range of features and tools.

We like to see tools such as bet builders, live bets and cashouts. Wallacebet offers all these features, but the bet builder is only available for football. It also has an easy-to-use bet slip, which displays your bets.

Wallacebet offers live betting for several popular sports and a cashout feature, where you can take cash before the match ends. Although watching events live on the site is impossible, you can follow the live stats.

Feature facts

CategoryDetails
Bet BuilderYes
Cash OutYes
Live bettingYes
Live streamingNo
Virtual bettingNo

The My Bet section lays out your bets in a clear format, which shows open bets and settled bets over a specific period.

Betting features rating

85/100 Attractive betting features available, but no live streaming
  • Handy My Bets section
  • Detailed live stats
  • Great live bets offer
  • Lacks live streaming

Bet features at this site are a bit of a mixed bag. For instance, I like to see a bet builder, as it helps punters put multiple selections from the same game into a single bet and increase potential returns.

While I was pleased to see live bets on offer for a range of sports, unlike rivals PlayZilla, the lack of live streaming here was disappointing.

One thing I did like was the My Bets section. The section loads into the middle of the screen, so it’s easy to see your current bets. Punters can also look up older bets.

Wallacebet is a mixture of reasonable features and a lack of some basic features. I couldn’t give it a higher score, as the features are limited.

Wallacebet does have a cashout feature which is nice to see. This feature lets you close a bet and take your cash out before the game or match ends. However, you’re only able to take out the money in full. Other sportsbooks allow partial withdrawals, which can be useful if you want to hedge your bets.

Odds

Good odds make all the difference to a betting site. A site that offers competitive odds gives more back to you. So it makes sense to shop around for the best ones.

One way of assessing them is to calculate the average payout percentage. Very good sites have payout percentages between 95% and 97%. Wallacebet is a bit below this average, with a payout percentage of 93.35%.

This means it is not one of the sites offering very competitive odds overall. However, an average of 93.35% is not that bad. If the percentage had come in below 93%, we would not recommend the site.

Odds facts

CategoryDetails
Average payout93.35%
Boosted oddsYes
Parlay boostsYes
Line movementModerate

The in play payout average falls slightly below the 93% threshold. However, it’s normal for this kind of bet to have lower returns than traditional bets. A drop of up to two percentage points is expected.

Odds rating

82/100 Average payouts overall compared to other sportsbooks
  • Average payouts
  • Competitive live odds
  • Slightly below-average odds

Unfortunately, this is an area that does let Wallacebet down. It offers a fantastic range of sports, but if the odds are low, then punters will go elsewhere.

With an average payout of just 93.35%, Wallacebet risks me not being able to recommend it. Its average payout percentage for football is 93.61%, so still disappointing given that Sportsbet offers average payouts of 94.4%, which is much better.

I think punters should expect a reasonable return when they make a successful wager, so it’s a shame that this site can’t deliver higher odds.

Another area that didn’t deliver is the boosted odds, which I found hard to find. Most of the centre of the offer is around football, which is a bit of a letdown for fans of other sports. 888sport offers a series of boosts on its promotions page, so it’s easy to see what’s available.

I feel that Wallacebet doesn’t deserve a particularly high score in terms of percentage payouts. The low average payouts and the lack of boosted odds make me feel better sportsbooks are out there.

Payment methods

Not being able to make timely deposits and withdrawals can be very annoying. That’s why we will look at the payments available in this section of our review.

Ideally, we like to see sportsbooks offer around 10 payment options. This should cover most of the methods that players like to use.

We found that Wallacebet has nine methods. It offers traditional banking options, including card payments, bank transfers, and newer online e-wallets.

Payment facts

CategoryDetails
Number of payment methods9
Popular paymentSkrill
Minimum depositNZ$10
Maximum depositNZ$25,000
Average deposit timeInstant
Minimum withdrawalNZ$25
Maximum withdrawalNZ$1,000
Average withdrawal time48 – 72 hours
Deposit feesNone
Withdrawal feesNone

There are no fees attached to any payments from Wallacebet. However, checking with your payment provider is always a good idea. Sometimes fees can be applied to a New Zealand dollar transaction from their side, and it can be easy to get caught out. The minimum deposit limit is just NZ$10, while the maximum Wallacebet withdrawal limits are just NZ$1,000 per transaction.

Deposit methods

  • neteller logo
    Neteller
  • skrill logo
    Skrill
  • visa logo
    Visa
  • mastercard logo
    Mastercard
  • ecoPayz logo
    ecoPayz
  • rapid transfer logo
    Rapid Transfer
  • paysafecard logo
    Paysafecard
  • neosurf logo
    Neosurf

Withdrawal methods

  • neteller logo
    Neteller
  • skrill logo
    Skrill
  • bank transfer logo
    Bank Transfer
  • ecoPayz logo
    ecoPayz
  • rapid transfer logo
    Rapid Transfer
  • mastercard logo
    Mastercard
  • visa logo
    Visa

Payments rating

88/100 Good range of payment providers, including e-wallets
  • Trusted payment providers
  • Offers e-wallets and prepaid cards
  • Fee-free payments
  • High minimum deposit

Overall, I think Wallacebet has done a good job in this area. I like to see around 10 payment method options, so the sportsbook’s nine methods are a good start.

Wallacebet has included a mixture of traditional banking methods like credit and debit cards and bank wire transfers and added the newer e-wallet online banking methods like Skrill and Neteller. However, the newer crypto sportsbooks, like Winz.io, accept even more payment method types, including a whole range of cryptocurrencies.

While I was pleased with the NZ$10 minimum deposit limit, I do find that the minimum Wallacebet withdrawal limit, at NZ$25, is on the high side. Fansbet has a minimum withdrawal limit of NZ$20, which is a bit better.

I also feel that the maximum withdrawal limit of NZ$1000 is too low. However, Wallacebet’s deposit and withdrawal methods are good overall, so I’ve given it a reasonable score in this Wallacebet review.

Safety features

Security is critical when considering joining a sportsbook. For us, it must be correctly licenced and regulated. So, we always look for a licence first. Then we look at the types of security protocols the site has.

Wallacebet is licenced by the Malta Gaming Authority (MGA). This is one of the most respected authorities in the world.

It also has a range of security measures, including 256-bit SSL encryption. This protects your data by making it unusable if a third party intercepts it.

Safety facts

CategoryDetails
Auditing sealsN/A
Responsible gambling sealsGamCare, Gambling Therapy
LicencesMGA
SSL encryption256-bit
Two-factor authenticationNot available
Ever blacklisted?No
Deposit, wager, time, and loss limitsAll available
Self-exclusionAvailable
Cooling-off periodAvailable

It also offers responsible gambling tools for managing how you gamble on the site. Wallacebet offers Time-Out and Self-exclusion tools, which let you decide when you want to play alongside the ability to set losing and winning limits.

Licensed by

  • mga logo
    MGA

Trusted by

  • gamcare logo
    GamCare

Safety rating

89/100 Great security measures and holds one of the best licenses
  • Licenced by the MGA
  • 256-bit SSL encryption
  • State-of-the-art firewall
  • Responsible gambling tools hidden

Having looked at the security on this site, I would give it an average rating. It does hold a licence from the MGA, which is a very good start.

Many of its competitors, like Royal Panda, also hold licences from the MGA. Therefore, it is good to see that Wallacebet can meet that high standard.
I think the security measures Wallacebet has in place are in keeping with industry standards. The 256-bit SSL encryption is adequate but not nearly as high as Ladbrokes, which has 2048-bit encryption.

Considering this sportsbook’s size and relative newness, its security measures are not too bad. One disappointing area is its responsible gambling tools. They are hard to find, and they are quite limited.

Customer support

No matter how well a site runs, it needs to provide you with simple ways to get in touch in case of any issues. We prefer to see at least three support channels, where at least one is available 24/7.

Wallacebet only offers two contact channels. The main contact method is via live chat support, available from 09:00 – 01:00 CET.

Wallacebet also offers users an email address which it states is available 24/7. However, it doesn’t specify how long it takes the support team to reply.

Support facts

CategoryDetails
Customer support availability09:00 – 01:00 CET
Live chatYes
Email[email protected]
Contact numberN/A
On-page supportFAQ

There is also a FAQ section accessible from the footer. This covers topics such as setting up an account, depositing and withdrawing and should be the first port of call when looking for help.

Support rating

75/100 Knowledgeable staff but limited live chat hours
  • Live chat available
  • Helpful support team
  • Decent FAQ section
  • Limited live chat hours
  • No telephone support

I feel like Wallacebet has neglected the support a bit. There is a live chat, which is great, but it’s not 24/7. Also, while the emails advertised as available 24/7, it took a day to respond when I tried emailing.

During this Wallacebet review, when I looked at other bookies, I found that many offer 24/7 live chat. William Hill is a good example of this.

I like that punter can contact Wallacebet via email, but the response time was a little slow, as I’ve mentioned. Stake got back to me in 12 hours.

Therefore, I haven’t been able to give Wallacebet a high score for customer support. It needs a contact number to bring it up to speed with its rivals.

Platform

Online sportsbooks need reliable platforms and sites that are easy to use. It is very frustrating if you’re trying to place a bet, but the site or app keeps freezing.

Wallacebet sportsbook mobile screenshot

That’s why we always closely examine the platform and usability side of sportsbooks. Wallacebet has opted for a simple black, white, and green palette, Wallacebet casino looks the same.

Wallacebet doesn’t have separate mobile apps on offer. Instead, it has developed a mobile site version that adapts to different screen sizes and can run on any operating system.

Platform facts

CategoryDetails
Mobile appYes
Ease of navigationEasy
FiltersYes
Search functionNo
Loading speed0.8 sec
UI and UX ratingFair
Other productsCasino, poker, bingo, esports

The site loads well and is fast. This is a good thing, as much live data is being loaded.

Platform rating

85/100 Great platform design but lacks a search feature
  • Fast loading times
  • Easy to navigate
  • Good mobile-optimisation
  • Cluttered site

All in all, this is a pretty good site. The platform seems stable, as it doesn’t freeze and loads the live data well.

However, the site feels cluttered and almost as if too much is happening. When I looked at PlayUp, I felt it was much easier.

Also, not having a mobile app is a bit of a double-edged sword. On the one hand, it means that punters don’t have to download separate software, but on the other hand, apps tend to run better on mobiles. I like sites like Betway, which allow punters to download an app or use the site in the browser.

Wallacebet has done a competent job of making a site that moves across devices easily and is stable. However, no bells and whistles would make it stand out.

FAQs

Is Wallacebet sportsbook safe?

Yes. The MGA regulates Wallacebet and uses eCOGRA for RNG auditing and assessing its game providers. The MGA is an internationally respected regulator. It is responsible for continually assessing sportsbooks and ensuring they operate legally and not in restricted countries. This means that Wallacebet is regularly audited and has to be willing to allow its finances to be examined at any time.

Who is Wallacebet owned by?

Wallacebet is owned and operated by Campeón Gaming Partners. They created and launched the brand in 2020. It is fully licenced and regulated by the MGA. There are a number of different offers, and it has a specific welcome bonus for New Zealand punters. The site is designed to be easy to use and mobile-friendly.

How long do withdrawals take at Wallacebet sportsbook?

On average, it can take 1-3 days for withdrawals to complete. However, this depends on the method used. E-Wallets like Skrill and Neteller can provide instant withdrawals. More traditional methods like Bank Transfers can take up to 5 working days to complete the transaction, while Rapid Transfers can take just a few hours once processed by the sportsbook. It is always worth checking which method meets your needs.

What sports are available at Wallacebet?

This site has 37 sports available. There is a heavy emphasis on football, with 999+ markets available. However, there is a huge range of other sports to choose from. You can bet on tennis, volleyball, cricket, rugby, MMA, basketball, and many more. You will also find e-sports, politics and novelty bets on the site.

Is there a Wallacebet betting app?

No, but the site itself is a web app. This means that the Wallacebet mobile site runs well across devices without downloading a separate application on a mobile. The site has been built and optimised to resize to any screen size and will run in most browsers and operating systems.

Wallacebet sportsbook review

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