MyStake is a relatively new sportsbook launched in 2020 with a Curacao license tapping into the pool of betting sites without GamStop. Punters from the United Kingdom can sign-up and play at MyStake, as Gambling Commission limitations or past GamStop exclusions do not bind it. The betting product offers 400+ football markets in the top clashes, high odds and a wide variety of cryptocurrencies. The offshore regulation also allows MyStake to accept deposits with UK credit cards from Visa and Mastercard. The Welcome Bonus is on the higher end as it can enhance your initial deposit by 100% up to €500.
Our MyStake review focused on aspects on which bettors are known to place great emphasis. So, we looked into the 30+ sports available and the available football, tennis, and basketball selections. MyStake provides prime competitions for each one like the EPL, La Liga and the Champions League. The Euroleague and the NBA are the first choices of bettors in basketball, while the same applies to Gran Slam and World Tour tournaments in tennis.
Is Mystake.com safe or scam
At first glance, the license from the Curacao Gaming Authority could make some players suspicious. However, we have found no legitimacy issues so far with MyStake. Shady sportsbooks made a bad name for this offshore regulator in the past, but this does not apply at MyStake. Furthermore, many betting sites not registered with GamStop are not licensed, so a Curacao one adds to the reliability. In terms of country restrictions, they are minimal. Punters from 100+ countries can join the bookie. Notable exceptions are the USA, Italy, France, Spain, Switzerland, Poland and Croatia.
British players are not the only ones to enjoy the loose restrictions at MyStake. Swedish, Danish, and Portuguese bettors also coming from strict backgrounds can register and play. That reflects in the world rank of the website, which has risen to 250.922nd place. That shows a gain of more than a quarter of a million places in the last few months. As to the security features, the 128-bit SSL encryption protocol is in place to guarantee that your data and activity remain private. MyStake also takes Responsible Gaming seriously. Players under 18 years old are strictly prohibited from signing up and playing. Moreover, if you feel that gambling is getting out of control, contact a customer support agent to help. Account limits, time-out periods and self-exclusion up to five years are on the menu.
MyStake Bonus & Promo Codes
New members at MyStake are eligible for a 100% Welcome Bonus up to €500. After registration, a minimum deposit of €20 is required, without any MyStake bonus code. The bonus amount will show up in your account right away. Deposits with wallets like Skrill/Neteller also qualify for the sign-up offer. It is clear from the number of bonus funds that general non-UK betting sites offer much more lucrative promotions than UKGC regulated sportsbooks.
Terms and conditions of the bonus tend to pass unnoticeable, but that is plain wrong. Always pay attention to them, as they can make a massive difference to your winning chances once you claim an offer. At Mystake, the most important are:
- The rollover requirement is 10x of the bonus money plus the deposit
- The minimum odds for each selection should be 1.40
- Bonus is active for 30 days
- No withdrawals until the wagering is complete
- Bets on Baseball, Tennis, Handicap or Draw no Bet, do not count towards the rollover
MyStake Promotions & Offers
Sports betting players, both new and existing, can benefit from a multitude of promotions at MyStake. Reload bonuses, free bets and cashback offers can boost your bankroll and multiply your winnings.
A 35% Reload Bonus of up to €125 is available for all your deposits. Yes, that is true; MyStake tops up all of your deposits by 35%. All you have to do is make a payment of at least €20, and the bonus will reflect in your balance. No bonus code is required; the rollover amount is 7x within 30 days, and the minimum odds for each selection is 1.40.
3+1 Freebet translates to one freebet for every three bets you place at MyStake. The amount of the freebet will be the arithmetic mean of the three last bets. The minimum wager is €10; each betslip should have at least three selections, with minimum odds of 1.40. Thus, the max amount of freebet is €100.
With the 15% Sports Cashback Bonus, you can get back 15% of your net losses for each bet. As long as your betslip has at least three selections of 1.30 minimum odds, you qualify for the offer. The upper limit for the cashback is €100.
If you fancy cryptocurrencies, you can be eligible for a bonus of 170% up to €1000. Once you deposit with Crypto a minimum of €20, your balance will get a nice boost. The 25x rollover is meant to take place only in slots and Live Casino games.
Why should I join MyStake
Since you decided to opt for sports betting not on GamStop, certain factors are noticed before making up your mind. The good thing is such sportsbooks have grown significantly and can compete with traditional powerhouses in betting. The most important advantages of MyStake include:
Non-GamStop bookie: Chances are you opted for non UK betting sites because you have excluded yourself on GamStop, and that’s okay. MyStake allows registrations from all UK punters, regardless of past exclusions.
Pay with your credit card: The most popular banking option was banned from the UKGC in April 2020. British players were left with a gap at payments, but MyStake has no limitations as it accepts credit cards from Visa and Mastercard.
100% Sign-up offer: With a minimum deposit of €20, you can claim a bonus of up to €500. Significantly higher than the Bet X – Get Y you come across at British bookies.
Standard and quick verification process: The documents that MyStake will require are proof of ID and address. And that only when you ask for a withdrawal. On the other hand, UK sportsbooks will ask for verification once you sign-up or deposit.
High winning limits: A maximum cap of €200.000 in winnings for a single bet is more than enough for most punters. Of course, another bet could yield even more winnings.
Many Crypto options available: While most UK betting sites not on GamStop allow for one or two different cryptocurrencies at MyStake, that number is an impressive eight. Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, Monero or Stellar are accepted.
24/7 Live Support: Whenever you want to contact an agent at MyStake, you will get a response. Live Chat and Email work 24/7 in English, German and Russian.
What are MyStake drawbacks
Even though non UK betting sites have gone a long way and challenge sports betting giants in certain areas, they suffer from setbacks. We firmly believe that punters should know as much as possible before picking a bookie. Hence, these are the weaknesses that MyStake needs to address:
Curacao license: While an offshore regulator allows bypassing GamStop restrictions, several punters had issues with sportsbooks licensed there. No such problems with MyStake so far, but keep your eyes open.
No GBP availability: The currencies you can choose from are Euro and US Dollar. No Pound Sterling, so you might be liable to conversion fees every time you make payment.
Low withdrawal limits: Capped at €15,000 per month, max winnings are relatively low, especially for high rollers. Also, they are low compared to other betting companies not on gamstop.
No safeguard for your bankroll: A financial institution protects your funds in the case of a UKGC bookie. In offshore sportsbooks, you only trust the word of the bookie. No problem with that on a legit one like MyStake, but always be careful.
Lack of authorities assistance: Because UK betting sites not on gamstop are not subject to Gambling Commission audits, you cannot count on third-party aid if you have a dispute with the bookie.
What betting options does MyStake offer
It is time to get into the heart of the matter for each punter, the betting services. Markets, odds and live betting can make or break your chances of winning and are of paramount importance. Fortunately, MyStake does not cut corners here, as it offers 30+ sports to choose from for your next wager.
Football bettors can choose from a vast selection of 400+ markets in major games. Leagues like the EPL, La Liga, the Bundesliga and the Champions League are at the forefront of punters’ preferences. Moreover, lower-flight divisions also have a strong representation at MyStake. Classic ones like 1X2 and Over/Under are complemented by Asian Handicaps and Card & Corner bets in terms of available markets.
For basketball, MyStake keeps the best of options in the Euroleague and the NBA. 100+ markets are ready to bet on match-winner and Over/Under in points to Player Specials and Alternative Handicaps. Tennis, very popular among bettors, has more than 50 markets to choose from. Set, game & match winners together with handicaps are responsible for the most betting volume. ATP, ITF tournaments are on the daily menu, with the US, French Open and Wimbledon once a year.
When you choose a match to bet on, you first take a look at the odds. That is pretty normal, as higher odds mean that your potential winnings will also be higher. While each league or, in some cases, has different payout rates, we can provide you with exact percentages after a careful evaluation.
For football, the payout stands at 94.5%. Not impressive, but kind of better than other betting sites without GamStop. Basketball also comes with a payout of 94.5%, somewhat lower than the rest of offshore bookies. Finally, in tennis, the payout is 93%, not considerably different than most competitors.
MyStake Live Betting & Features
A cutting-edge live betting platform is not a benefit but a prerequisite for most punters. The bulk of activity is an in-play matter; therefore, our MyStake review paid great attention to it. First, we checked the live payout, which mounted to 93%. While we would like to see something better, it is not inferior to the rest of non UK betting sites.
However, MyStake needs to improve the bet acceptance time, which is more than five seconds. Fortunately, Full Cash Out is available to grab some early winnings or make the most of a bet gone wrong.
How to Register at MyStake
The first impression in a bookmaker is how quick and straightforward is the registration process. MyStake does not fail to deliver, as you only have to fill in your details in a single window to join it. Let’s look at it in detail:
How to Deposit & Withdraw
Once you sign up, it is time for your first deposit. And the chances are that you were looking for betting sites not registered with GamStop to deposit with your credit card. Since the UKGC restricted that method (in April 2020), it severely limited the banking options for British punters. Still, MyStake is free from such restrictions and accepts deposits with credit and debit cards from Visa and Mastercard. However, if you want to withdraw, you have to use a SEPA transfer.
Popular wallets like Skrill, Neteller, ecoPayz and Paysafecard are also eligible for transactions. Another factor that makes MyStake stand out is the availability of cryptocurrencies. You can use eight different versions of Crypto (Bitcoin, Bitcoin Cash, Ethereum, Tether, Litecoin, Ripple, Dash, Monero or Stellar) to make a payment at the sportsbook.
Moving onto the deposit limits, we can see that they begin at €20, which is common among non UK betting sites. Maximum one reaches €2000 for credit/debit cards and €4000 for wallets. Since you can make more than one deposit, it is an acceptable limit. The currencies you can use are EUR and USD. In terms of withdrawals, they start from €20 and go as high as €15,000 per month. The total amount of processing time for payouts is 2-5 days. Crypto withdrawals are different since they have an almost instantaneous credit. The upper limit on winnings for a single bet reaches €200.000.
How to verify my MyStake account
So, you joined MyStake, placed your bets and made some nice winnings. Now, it is time to collect. But first, you need to verify your account. At betting sites without GamStop, you only need to do it when you withdraw, while on British bookies, when you sign up or deposit.
For starters, get a photo of your passport, ID or driving license to confirm your details. For proof of address, a utility bill, like water, power or phone, will suffice. A bank statement can also work, even there is no bill issued in your name. At last, your payment method also needs to be verified. A photo of the front side of your credit card or a screenshot of your wallet’s main page with your details visible will be enough.
How to get around Gamstop with MyStake
Offshore bookmakers give you an alternative if you have excluded yourself on GamStop. Since you cannot lift the restriction prematurely, it could be years before you can play again. Hence, unregulated sportsbooks showed up to tap on the market of punters looking on how to get around GamStop Self-Exclusion.
However, the perks at Mystake do not stop here. It also allows payments with credit cards and cryptocurrencies, which the UKGC also bans. Credit cards, specifically, were the most popular banking method until the prohibition, and punters still prefer to bet with them if possible.
Should I play at MyStake
Sportsbooks like MyStake compete against non UK betting sites and regulated bookmakers with a long history in the industry. So, it has to offer a top-of-the-notch product to stay on top. At MyStake, the relaxed restrictions, competitive odds, credit card acceptance and 24/7 support are the norms. Moreover, if you fancy Crypto, you can use it in eight different currencies. Nonetheless, the deposit limits could be higher and the withdrawal limits at €15,000 per month are plain low. Lack of GBP can also affect your bankroll in the form of conversion fees. So, where does this leave you? Test MyStake with a fraction of your budget for some time. Once a few months have passed, you will tell if it covers your needs and if you should stick with it.
We only list the highest-rated UK sports betting sites, not on GamStop, considering players’ feedback. If you have already tried MyStake and look for a similar bookie, feel free to choose it from our recommendations below.