NetBet cycling betting: what is priced, the offer and withdrawals

NetBet offers cycling betting on real races. Which races are priced at a given time shows in its cycling section, so check there for the race you want.

NetBet's each-way terms for a race show on the bet slip; check the cycling section and the slip before you bet. Each-way terms are set per market.

Say a rider is 6/1, an implied 14.3 per cent, and you bet £5 each-way at a quarter of the odds. A place without the win settles at 3/2, so £12.50 comes back on a £10 total stake: a loss of £2.50 even though your rider made the podium.

NetBet trades under UK Gambling Commission account 39170 (Netbet Enterprises Limited), which the register listed as Active. The UK licence brings the complaints route, the promotion rules and GamStop.

NetBet, like every licensed online bookmaker since 7 May 2019, has to confirm your age before a deposit and your identity before a bet. With withdrawals stated in hours, getting the checks out of the way at registration is what lets that speed show.

The regulator has also said that delaying a withdrawal over unfinished ID checks may breach the licence condition.

The offer is Bet £10 & Get £20 in Free Bets. You opt in under Sports Quests before betting, then place £10 or more at 1/1 or bigger with at least one football selection; horse racing selections do not qualify. The £20 arrives as four £5 free bets: one Football Bet Builder at 3/1 or bigger, two football accumulators of at least four legs, and one in-play tennis bet. They last 7 days, and the stake is not returned.

For a cycling bettor that offer is almost entirely beside the point: neither the qualifying bet nor any of the free bets can be a cycling bet on its own. Judge NetBet on the cashier and the withdrawal time instead.

Say your qualifying £10 double, a football leg and a second selection, wins at 2/1 overall: £30 back. The four £5 free bets are on long-odds football bets and tennis; say one accumulator lands at 10/1: £50 paid, the stake kept. Most four-leg accumulators lose; the long price says as much.

NetBet states a withdrawal time of 1–5 hours from approval, one of the two shortest of the nine. Its cashier runs to ten methods, including PayPal, Trustly, Payz and both phone wallets. Credit cards remain excluded, as they have been at every British bookmaker since 14 April 2020.

Licensed bookmakers state the protection for customer balances: not protected, medium protection or high protection. NetBet's level is in its terms; with withdrawals this quick, leaving a balance in the account is rarely necessary.

NetBet has apps for iOS · Android.

Settings inside the account let you set deposit limits, take a time-out or self-exclude. GamStop excludes you from all licensed British sites for six months, a year or five years. Anyone worried about their betting can ring the National Gambling Helpline 0808 8020 133.

A wide cashier makes topping up easy at any hour, which is a good reason to set a deposit limit before the first bet, not after a bad evening.

NetBet suits a reader who values a wide choice of payment methods and quick withdrawals, and who also bets on football. A cycling-only bettor gets nothing from the welcome offer.