BetNeo Sports Review (2021)
BetNeo is a new online gambling site (2019) that is operated and licenced in the UK by Progress Play Limited. But, it is a white label solution, and we cannot find any information about the company behind the brand. Still, it is a legal gambling site and holds valid UKGC and MGA gambling licences.
However, there are a few red flags that we want to mention before we get into the full review. Firstly, the signup bonus is shockingly bad and offers little to no value for new customers. The deposit 10 get 10 bonus has a maximum win cap of £20, but a wagering requirement of 10x the bonus amount.
Simply put, do not attempt to claim this awful bonus, instead, check out our list of 50 + high-value betting offers worth over £2000+.
Secondly, every Progress Play Limited brand charges a £2.50 processing fee for each withdrawal, and the withdrawals take 10+ days on average! Lastly, we have a worrying amount of 1-star reviews across our Progress Play Brands, and we recommend reading these reviews before joining any PPL gambling site.
Sports, Markets & Betting Odds
BetNeo has a comprehensive list of 30+ sports available, covering a wide range of popular and niche events from all around the world. But, the sportsbook design is slow, clunky, and disorganised. It can often be difficult to find events and markets when building bets, but, the search function speeds the process up.
As for the betting markets, you will find 400+ available on popular events, but there are no quick tabs, meaning you have to scroll through a long list of 100’s of markets. Also, there is no bet builder feature or any form of cash out, as well as no free live streaming options available.
- Ice Hockey
- Horse Racing
- Aussie Rules
- Formula 1
- American Football
- Air hockey
- Rugby League/Union
- Table Tennis
In our betting margins test (how much a bookie charges you to place a bet) BetNeo averaged 5.72% which is just above average in all of our tests.
BetNeo Customer Support
All Progress Play Limited brands share the same type of customer support options of a live chat and email contact form that is open from 08:00 am – 12:00 am. But, we have not had the best experiences with customer support including issues not being fixed with the signup bonus, and problems withdrawing money.
Overall, BetNeo is an average new betting site, with average odds, an okay sportsbook. But, there are obvious red flags including the £2.50 withdrawal fee, extremely long withdrawal times, questionable customer support, and the build-up of worrying 1-star reviews on other PPL brands.
In conclusion, we recommend picking from our list of the best UK betting sites as we do not believe you should settle when it comes to both your time and money.