BinoBet Is it Legit?

BinoBet: Is it legit?

Even the greatest online bookmaker can lose all appeal if it turns out it’s not a genuine, safe, and legitimate site – and as we’ve come to discover, BinoBet is far from stellar. But conversely, even a mediocre site can gain a lot of appeal and trust from players if it’s safe and has no red flags regarding its legal status.

We at BettingSites.CC understand this better than most, which is why we never skimp out on the research! We dive deep into the owner, license, and – when possible – company’s reputation in order to deliver you the facts and nothing but the facts! With that said, our conclusion (which you’ll find below), while based on facts, is ultimately subjective, which is why we encourage you to make up your own mind instead of relying blindly on our word, or the word of anyone else.

The Short Answer: Is BinoBet Legit?

No, after a lot of research, we have determined that BinoBet is unlikely to be a safe site. We don’t believe it to be legal or legitimate.

Why Do We Think That?

• Vague Owner – When it comes to legitimate bookies, the owner is always very clear – they’re proudly presented, they can be researched, you know exactly who the company is and where they’re registered, in some cases you can even find out the individual people behind it! But in BinoBet’s case, its listed parent company (Sapphire Summit) might as well be a ghost. We know it exists, and we know it’s registered in Costa Rica (which we’ll discuss further just below), but that’s about it. No other information is available.
• Unlicensed Site – All gambling sites must have a license from a proper gambling regulator – UK, Anjouan, Curacao, Malta, etc. There are lots of options, and most bookies do comply with this rule, allowing someone to monitor them and make sure they’re behaving. On the other hand, BinoBet doesn’t seem to have such a license. Instead, it just claims to have a business license from Costa Rica – which is probably true, but that’s not the same as a gambling license. The former simply allows them to operate as a business, while the latter ensures fair play and accountability.