Betsafe review
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Betsafe is a mid-scale betting enterprise and sits proudly under the big top tent of Betsson as one of their dominant sports betting locations.
The Betsafe community has hit 418K stakers with many coming in from Finland, Norway, Germany, and the UK. The main betting market at Betsafe is football with other interesting markets that include martial arts, tennis, basketball, and esports. Many of the stakers also find entertainment in the ice hockey markets throughout the winter months. The lack of full coverage in the horse racing and greyhound markets is a clear reason as to why the UK staker numbers are low here. The streams and statistics are minimal despite the site heavily promoting both betting markets. Esports is also another market that Betsafe has decided to engage in but the issue of underage players is always going to be a worry.
Moving on to the Betsafe limits and we only found one or two details which included the maximum 24-hour withdrawal amount of €50,000 or equivalent currency. Our maths men figured out that it would only take Betsafe eight hours of operation worldwide or 15 days from the Finnish stakers alone to payout that maximum daily limit. Due to the sheer size of BML Group, your funds would likely be available without any delays in the withdrawal process.
THE BETSAFE OWNERS ARE TAKING HOME ROUGHLY €14 MILLION PER YEAR AND SO THEY ARE FINANCIALLY SECURE EVEN WITHOUT THE BETSSON GROUP BACKING THEM UP. THEIR EUROPEAN STAKER COMMUNITY ARE SPENDING AROUND €20-25 PER MONTH WHICH IS HEAVILY DOMINATED BY THE FOOTBALL MARKETS.
The Betsafe ticket sales are currently coming in at €5 Million per month for their owners, BML Group, and this equates to an average income of €20-25 per player per month. The annual gross gaming revenue has been calculated at the €55M level but this does exclude all expenditure, bonus withdrawals, and licensing fees. If we consider all their expenses then the Betsafe brand yields around 25% of the GGR total, which all adds up to roughly €14 million going to the owners at the end of the Stakersland betting season. Betsafe is a financially safe betting enterprise and this is mainly due to their position under the wings of Betsson. Betsafe is their only sport targeted brand in the EU and while Betsson is mainly a casino-orientated outfit, Betsafe still manages to bring in 10% of their overall revenue. A quick word about their rivals 888 Sport and Netbet helps to put all this into perspective though. Both premises rack up €80 million a year and around €6-7 million a month, giving them substantially bigger pockets than Betsafe. The Romanian-based Netbet’s 440,000-staker list and the British 888Sport’ 370,000 stakers list are considerably larger as well. It’s these bigger groups of stakers that helps to shines a light on the areas where Betsafe need to improve upon. The location of stakers is also something worth nothing with Netbet’s large reach across most of Europe and 888Sport’s dominance across the UK and Spain, it has clearly helped them both to increase those end-of-year financial figures.
