Karamba Sportsbook Review

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Established nearly 15 ago, Karamba is a large and well-known gambling site among European casino players. But in early 2018, it launched its SBTech-powered sportsbook and gained huge popularity among sports betting fans, as the new platform offered a massive selection of betting markets, a fantastic in-play betting section, as well as many special features such as the unique KaramBot.

Karamba is mostly known as an online casino with hundreds of slots, virtual and live casino games, and plenty of scratch cards. Its owner, ASG Technologies Ltd., is also a well-established gambling operator that manages a wide number of gaming sites. Still, Karamba remains one of the most popular and most respected brands in the Aspire Global gambling group. Along with its main products, the Casino and Live Casino sections, it now has a Sportsbook and soon, it would be launching Bingo.

The online platform is modern and beautifully designed – while the fun, playful approach is, indeed, the first thing to notice, Karamba actually puts a huge emphasis on functionality and efficiency. It is available in several different languages, it has easy navigation, and it provides great customer support. In addition, Karamba offers a good selection of internationally-accepted payment methods so that deposits and withdrawals are fast and convenient for most customers. When it comes to promotions, the operator has prepared a nice range of bonuses and special offers for both new and existing players.

Karamba Sportsbook, however, is one of the best highlights of the site – it has several thousand betting markets, a wide variety of sports and bet types to choose from, as well as competitive odds. The site is also fully mobile optimized but recently, the operator also launched the Karamba Sportsbook App, which can be downloaded for free from the App Store and Google Play.

Betting Markets

Karamba Sportsbook was launched in partnership with SBTech, a leading provider of sports betting and gaming solutions. Its cutting-edge Chameleon360 platform is fast and includes various special features that greatly enhance the betting experience. The first one is, of course, the easy-to-use and very convenient Bet Slip, but what sets Karamba apart from other online bookies is its KaramBot. This is a useful tool, which offers punters pre-match and live tips via Artificial Intelligence. Of course, it cannot guarantee winning results all the time, but it may be extremely helpful, especially for customers who are not particularly experienced or informed about a certain sport or league.

As it caters mostly to European customers, the sportsbook puts a specific focus on football and along with the major championships from Europe and around the world, it offers bets on a large number of local tournaments. Punters would find odds on the Champions League, the World Cup, as well as on the national championships of various countries – everything from Bolivia and Peru to South Africa and Australia. There are various goalscorer and over/under markets, as well as corners, cards, and Asian handicaps, own goals, and penalties. Bettors can also choose from hundreds of Transfer Specials, traditional bet types, and plenty of other options.

Another great highlight of the Karamba Sportsbook is the huge number of horse and greyhound races. Punters can place bets on races in Ireland and the UK or choose from a wide variety of international markets – most of the major horse racing championship cups and events are covered, as well as most of the greyhound racing events in the UK and Ireland. Another popular sport on the platform is basketball and punters have a huge choice of basketball markets – money line, spreads, and over/under are available on both NBA and the Euroleague, as well as dozens of other international leagues and events such as the Adriatic League, Australia’s NBL and WNBL, the Chinese CBA, and many others.

Traditionally, tennis has been a greatly preferred sport for betting and watching across Europe and North America. Karamba Sportsbook offers a wide range of tennis markets, as the sport has gained great popularity in recent years around the world. All major ITF, ATP, and USTA events are covered, as well as separate championships such as the Mubadala World Tennis Championship, which is held annually in Abu Dhabi. Of course, wagers on the four Grand Slam tournaments are available, and punters can also bet on various team events.

The platform also offers various betting markets on North American sports like baseball, American football, and ice hockey. Of course, there are also bets on golf, Aussie Rules, volleyball, cricket, boxing and MMA, cycling, badminton, rugby (Rugby League and Rugby Union), motor racing, snooker and pool, winter sports, as well as wagers on little known or even obscure sports like table tennis, water polo, handball, floorball, darts, and bandy. One of the best things about Karamba Sportsbook is that has an amazing In-Play section – live betting is available on most of the popular sports, including football, tennis, and basketball.

Promotions and Bonuses

When choosing an online bookie, many punters seek for the largest and most attractive bonuses and free bet offers. While the special offers are, no doubt, very important, they should not be accepted by betting fans blindly as they often come with conditions and requirements that are impossible to meet. At Karamba Sportsbook, however, the bonuses and promotions feature clear, easy-to-understand terms and conditions and can be used by every registered player.

Welcome Free Bet

As Karamba Sportsbook is still quite new, it has a nice Welcome Free Bet to attract new members. In order to be eligible for it, punters need to register a new account and make a deposit of at least $/£10 or more. Then, they need to use it to place bets on sports at odds of more than 2.00 (1/1). The bet must be settled within 14 days if the punters want to qualify for the offer. The operator will then credit their accounts with a Free Bet Token at a maximum value of $/£10.

There are several other requirements that need to be met – the free bet may be used only on a coupon with total odds of 1.80 (4/5) or higher. Only singles and straight accumulators qualify for the offer, unlike system bets such as Yankee, Trixie, and others. The winnings from the Welcome Free Bet do not require any wagering and can be withdrawn instantly.

KaramBOOST

The KaramBOOST is an Acca bonus offered by Karamba Sportsbook and it gives punters the opportunity to win up to 77% more on Accas. The more selections bettors make, the larger their extra winnings. They need to pick at least 4 pre-match sports selections, where the KaramBOOST is just 4% of the regular winnings, while with 15-folds, the boost jumps to 77%. In order to qualify for the offer, punters need to place a 4-fold or Acca bet at minimum odds of 1/5 (1.2).

With this bonus, Karamba customers can win up to $/£11,000 and the extra winnings are credited to their Sports Cash Accounts immediately after the bet is settled. The boost comes as real money and there are no wagering requirements in place, so it can be cashed out or used for more betting.

KaramGUESS?

This is an interesting offer for regular punters at Karamba Sportsbook and it may give them a $/£20 Risk Free In-Play Bet token every weekend. In order to receive it, they need to submit four answers – i.e. placing bets on four different events, offered by the sportsbook, and they need to be correct. There will be a new round every Saturday and Sunday and if punters guess correctly the four questions every round, they will be awarded a free $/£20 Risk Free In-Play Bet the following Saturday.

The KaramGUESS? promotion can grant you up to two $/£20 Risk Free In-Play Bets – one on Saturday and another one on Sunday. In this case, the two tokens will be combined for a $/£40 Risk Free In-Play Bet. This free bet must be activated within 24 hours and used within another 24-hour period. It also must be used on the in-play market and there are no restrictions to the type of wager or the odds. Punters also need to know that they cannot split the Risk Free In-Play Bet – if they wager it only partially, the rest of the bet amount will be forfeited.

If the free bet wins, sports betting fans will automatically receive their winnings as real money but if it loses, punters receive the full value of the bet in their accounts. There are no wagering requirements and last, but not least, the free bet cannot be used for placing system bets. Only Singles and Straight accumulators are eligible.

VIP Program

Many gambling sites have some kind of Comp Point or VIP scheme designed to reward either the most loyal, regular customers, or those who make the largest deposits. Karamba Sportsbook, however, has combined those two in a lovely VIP Program, which is available to customers from certain jurisdictions. In order to enroll, they simply need to register an account. The scheme comes with 7 different tiers, the first one being New Member – no points are required to enter but there are also no special rewards and perks, except for the fast Cash Put process and the birthday bonus.

In order to reach the next level, Bronze VIP, customers need to collect 10 Reward Points. Typically, every $/£40 wager earns 1 Point. These Reward Points can be collected and used for reaching the next VIP levels but they can also be exchanged for cash at a redemption rate that depends on the customer’s VIP level. Bronze VIP members, for instance, can redeem 30 Points for $/£1, while Prestige VIP members can receive $/£1 for only 15 Points.

Banking

Catering mostly to customers based across Europe and in the United Kingdom, Karamba Sportsbook is accepting payments in European currencies and several others – EUR, GBP, DKK, SEK, and NOK, as well as USD, CAD, AUD, BRL, and JPY. The platform processes deposits instantly and charges no fees for the transfers. Withdrawals, on the other hand, are processed within 2 business days after being requested. Then, the winnings are sent to the punter’s bank account, credit card, or e-wallet and it may take up to 7 business days until they reach the customer, depending on the specific banking method.

The minimum deposit amount is $/£10, while the maximum limit depends on the payment service used in the transaction. Withdrawals are similar – punters can cash out a minimum of $/£10 per transfer and a maximum of $/£7,000 per month, although this limit can be increased depending on your VIP level. In addition, Karamba does not charge fees for withdrawals, unlike most online sportsbooks.

Credit and Debit Cards

As the most popular tool for payments around the world, credit and debit cards are accepted by most gambling sites, including Karamba. The platform allows deposits and withdrawals to be made via Visa and Visa Electron, Maestro, Mastercard, and Discover. Funding your account through any of these cards is instantly and your deposit appears within a few minutes.

Not all credit and debit cards, however, can be used for retrieving winnings from Karamba – in some jurisdictions, Mastercard will not be available due to the company’s corporate policies. When available, this option is preferred by many Karamba members because the transactions are reliable and extremely secure. But at the same time, they are quite slow and depending on your country of residence, withdrawals to a credit or debit card may take between 6 and 8 days to complete.

In addition to these popular card brands, the website also offers Belgian punters to deposit via Bancontact (formerly known as Mister Cash). This is a locally available card that links to the customer’s bank account and basically works like a debit card. It is not available as a withdrawal, method, however.

Digital Wallets

Digital wallets, most commonly known as e-wallets, have become a preferred way for many gamblers and bettors to fund their online accounts for several reasons – e-wallets are safe, convenient, and can process financial transactions in real time. This means that deposits via e-wallets such as Neteller, Skrill, and Skrill 1-Tap are instantaneous. Withdrawals to these digital wallets are processed within 3 days but in some cases, customers can receive their winnings within hours.

Prepaid Cards

Karamba also offers several prepaid cards, namely EcoPayz, Paysafecard, and Entropay. Deposits are instant and free of charge, as with all other payment methods at the website. Typically, prepaid options cannot be used for withdrawals but these type of prepaid cards offer additional payment services. EcoPayz, for instance, has a prepaid voucher, an e-wallet, and as well as a virtual prepaid card. Entropay also offers disposable virtual Visa cards, as well as an instant bank transfer system. Withdrawals to EcoPayz are processed within 3 days and to Entropay, within 6 to 8 business days. Paysafecard cannot be used for cashing out.

Instant Bank Transfers

Karamba has also incorporated several instant bank transfer services into its Cashier system but before choosing any one of them, customers should know that usually, these services are available only in certain countries or regions. The reason for this is very simple – because they work with certain banks or with a network of banks. Services like the ones offered at Karamba – Trustly, Sofort Banking, Euteller, Eps, and Instadebit, move funds from the customers’ banking accounts to their Karamba gaming balances.

These transfers are instant and free of charge (although your bank may impose some additional fees), and easy-to-use. And while the deposits appear immediately into your Karamba balance, the withdrawals using this method are slower, if available at all. In fact, only Instadebit and Trustly can be used for cashing out your winnings from Karamba. The transfer takes up to 3 days to reach you via Trustly and 5 days via Instadebit.

Licensing and Restricted Countries

The owner of Karamba Casino and Sportsbook is ASG Technologies Ltd., which is incorporated under the laws of the British Virgin Islands. All games and sports betting options are operated by the Malta-based Aspire Global International Ltd., a company that is licensed and regulated by the Malta Gaming Authority. For customers in the United Kingdom, Karamba is operated by AG Communications Limited, which holds a Remote Gaming License issued by the UK Gambling Commission. There are other regulators that oversee the gambling operations of the website and its owner, including the Alderney Gambling Control Commission.

In addition, Karamba complies with the fairness standards of these regulatory bodies as it offers RNG-based games and gambling options. Regularly tested, the RNG (Random Number Generator) guarantees randomness and fair play. The operator is also committed to providing responsible gambling services to its customers and has introduced various policies to promote and facilitate responsible gambling at all times. It offers self-exclusion, cool-off options, personal deposit limits, and reality checks. It has also signed with various associations that work for the treatment and prevention of problem gambling – Gamblers Anonymous, BeGambleAware, and Game Care.

As Karamba offers its gambling and betting services only in regulated markets and is licensed by multiple gambling regulators, it accepts players from many countries, mostly in Europe. But it does not permit registration and real-money play from many other countries and territories, such as Afghanistan, Algeria, American Samoa, Angola, Anguilla, Australia, Belgium, Benin, Bonaire, Cambodia, Central African Republic, Chad, China, Colombia, Costa Rica, Curacao, Cyprus, DR Congo, Djibouti, Estonia, Ethiopia, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Greece, Guadeloupe, Guam, Hungary, Iran, Iraq, Israel, Jordan, Kenya, Laos, Madagascar, Malawi, Martinique, Mauritania, Montenegro, Morocco, Mozambique, Niger, Nigeria, North Korea, Pakistan, Paraguay, Philippines, Poland, Puerto Rico, Reunion, Romania, Russia, Rwanda, Serbia, Slovakia, Somalia, Spain, Swaziland, Switzerland, Syria, Thailand, Togo, Tunisia, Turkey, US Virgin Island, USA, Uganda, Ukraine, United States Minor Outlying Islands, Yemen, Zimbabwe, and others.

Mobile Support

When it comes to mobile compatibility, Karamba truly excels as its website is fully optimized for phone and tablet use. Its website instantly loads in the browser of every iOS, Android, Windows Phone or BlackBerry device and punters have access to almost all sections and features of the sportsbook. The design is beautiful, intuitive, and focused on easy navigation and efficiency, so mobile users can instantly find anything they need in the mobile site.

But there is also a mobile app for Karamba’s casino offering and since recently, punters also have the option to download and install the Karamba Sports Betting app on their mobile devices. The application is available for both iOS and Android devices and can be found in the App Store and in Google Play. It has been crafted for optimal use on these two platforms and features fast performance, easy navigation, and great functionality. Punters can bet on all major leagues, receive free bets and other promotions, enjoy the In-Play section, and get exclusive sports betting tips from the KaramBot. The app requires Android 4.1 and up or iOS 9.0 or later.

Customer Support

Sports betting fans who consider registering an account with Karamba can rest assured that the Customer Support is fast and reliable. Karamba takes its customers’ safety and satisfaction very seriously, the operator claims, and this could be seen by the name of the support department – CARE, which stands for Customers Are Really Everything. This is at least what the website says but, in reality, people need to make sure the betting platform they will be wagering their money on is truly secure, fair and honest. So far, Karamba Sportsbook has maintained its nearly impeccable reputation. Its support representatives are friendly and professional and despite the lack of 24/7 customer support, they do their best to answer emails as quickly as possible.

Of course, Karamba members can also contact them via the Live Chat, which is available every day of the week from 06:00 GMT to 23:00 GMT. Phone service is also offered during office hours and there are various local phone numbers customers can call. The website itself is also built in several languages in order to cater to international audiences. Along with English, German, French, Swedish, Norwegian, and Finnish are also supported.

Conclusion

Karamba Sportsbook is a great option for most bettors and even though it came online fairly recently, it is already becoming one of the most preferred sports betting platforms on the Internet. It offers a massive selection of betting markets, various bet types and competitive odds, as well as a good In-Play section. Its special features are also quite impressive – AI-powered betting tips and a fantastic Cash Out option that allows punters to minimize their losses by taking the whole stake out of the bet or at least a part of it before the bet is settled.

There are also a few disadvantages that must be mentioned, most notably the fact that Karamba Sportsbook has not yet added live streaming of sporting events. One more thing to consider is the slow processing of withdrawals and certain cases, you may need to wait for over a week until you receive your winnings. Other than that, Karamba’s Sports section is a really good one, especially for those betting fans who manage to take advantage of the promotions on offer.

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