How Does Tipico Sportsbook Stand Out Among Online Sportsbooks?
User-friendly interface
For more casual sports bettors, the layout of sportsbook pages can sometimes be hard to follow. In addition, the technical vocabulary and mathematical nature of the activity present a bar to entry. So Tipico’s straightforward and user-friendly interface takes some of the frustration out of this. In addition, the app takes some headaches from searching for the bet you want and easily placing it.
High-speed customer service
Tipico uses live chat customer service to ensure you have faster access to their troubleshooting teams. Of course, you can also contact the company by email, but they have a team standing by their keyboards to help out with fast fixes. Of course, one always hopes customer service isn’t something you’ll need to use too much, but if you do, it’s nice to be able to talk to someone in something approaching real-time.
Substantial welcome bonuses
Tipico, being new to the U.S. market — its first access to the market was in 2019 — is anxious to recruit new players and so offers an attractive $750 welcome bonus. The turnover requirement for the bet is just twice the deposit and bet combined, and bets with the bonus wagers count towards the turnover. This is a relatively low turnover compared to some sites where bonus turnover can be x10 or more.
How Do I Start Playing At Tipico Sportsbook?
Signing up with Tipico Sportsbook starts by clicking the “Sign Up” button at the top of the page and choosing your state. You can sign up from anywhere but must be located in the state when placing any bets with the sportsbook.
After selecting your state and your choice of sign-up bonus, you will need to fill in a couple of online forms. These require your full name, phone number, date of birth, physical address, email address, and social security number.
Once the site has confirmed your identity, you can enter a username and password before setting up your deposit options. The Tipico app accepts the following payment methods:
- ACH bank transfer,
- Apple Pay,
- PayPal,
- Visa,
- Mastercard, and
- Cash deposit through Ocean Resort Casino in Atlantic City.
Tipico is currently negotiating deals to add several more payment options, including Venmo, American Express, and Discover Card.
You may have to provide additional documents before withdrawing your funds, as with most sportsbooks. These will usually be either photo I.D., proof of address, or proof of funds.
How Do I Know That I Can Trust Tipico Sportsbook?
Who regulates Tipico Sportsbook?
The Malta Gaming Authority licensed the Tipico Group in 2004. Also, Tipico has to comply with local gaming regulations.
In Colorado, that means oversight by the Colorado Gaming Division, part of the Department of Revenue. In New Jersey, the State of New Jersey Division of Gaming Enforcement regulates Tipico.
These two regulators enforce the local gambling laws and issue licenses to sportsbooks, online and retail, that operate in those respective states.
Why should I trust Tipico Sportsbook?
Tipico has been operating for eighteen years in multiple markets and, as such, has a great deal to lose from the market losing confidence in the company. All online gambling businesses are motivated to be trustworthy because their entire business model depends on the public feeling that their funds are safe and their bets are fair.
To add to the internal pressure of reputational risk, Tipico operates in regulated markets. This means their license to take bets in countries like Germany and states like New Jersey are dependent on regulatory inspections and compliance with local laws.
Tipico did run afoul of Dutch laws recently when they were issued a fine for taking illegal bets from Netherlanders.
How do I get paid if I win?
Tipico has a range of cash-out options that include most of the usual suspects:
- E-check,
- ACH bank transfer,
- Apple Pay,
- online wallets like Skrill and PayPal,
- debit or credit cards,
- and the cashier’s desk at Ocean’s Casino in Atlantic City
Who Is The Company Behind Tipico Sportsbook?
Company facts
Tipico Company Limited is a privately owned company founded in 2004 in Malta, where it earned a gambling license from the Malta Gaming Authority. The company provided online casinos and sports betting to the international market on that license starting in 2005.
In 2011, the site launched its first app, and in 2014 began to offer franchises in Germany. In 2016, Joachim Baca came on board as CEO. At that time, CVC Capital Partners, a private equity firm with around $130 billion under management, purchased most of the company shares.
Under Baca’s helm, Tipico entered the U.S. market in 2019, launching its first online sportsbook serving New Jersey in December 2020. The Colorado online sportsbook launched in July of the following year, and Iowa, Indiana, and Ohio will follow later this year.
Tipico is a very small player in the market right now. In October 2021, a year after launching in the state, Ocean Casino in New Jersey (Tipico’s partner in N.J.) was responsible for just $284,834 of the month’s online sports betting revenue. That represents a market share of about 0.4%. The actual number for Tipico is even lower, as it is only one of Ocean Casino’s two online sportsbook partners.
Management profiles
CVC Capital Partners holds most of the company shares.
The sportsbook is run on the ground by an experienced set of key executives.
Joachim Baca, the company’s CEO, has been in charge since 2016 and comes from working at international online gambling firms.
The CCO, Marlon Van Der Goes, has twenty years of experience in the industry.
Karin Klein, the CRO in charge of regulation and compliance, and Stefan Eck, the CFO back Van Der Goes up.
Tipico Sportsbook Online Sports Betting — Legal States
Tipico only launched its product in the U.S. market in December 2020, so it is only available in two states at the moment:
- New Jersey
- Colorado
- Ohio
- Iowa
Tipico FAQ
Can I bet on college sports on Tipico Sportsbook?
Yes. College sports are available on Tipico Sportsbook in principle. However, whether you can place a bet on a specific event will depend on whether the site opts to create a market.
Can I bet on esports at Tipico Sportsbook?
Yes. As with college sports, Tipico does offer odds on esports, but may not cover every esports event on the calendar.
Is there a mobile Tipico Sportsbook app?
Yes. The app is the recommended way to interact with Tipico Sportsbook in the U.S. This is because of the importance of being able to confirm players’ locations for regulatory reasons.
Does Tipico Sportsbook offer online casino games?
Depends on your location. Tipico does have a sister site, Tipico Casino. However, at the moment, it is only accessible in the U.S. by players located in New Jersey
Can I bet anonymously at Tipico Sportsbook?
No. You will have to provide your full name and social security number when signing up and must be prepared to show further proof of identity if requested before you can cash out. However, though you are not anonymous to the site, your information is held privately and third parties will not, in general, be able to view your name or activity on the site.