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Bovada

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VIP/Rewards Grade: 1/5
Summary: One of the longest running offshore sportsbooks

Updated: Oct 31, 2025
4 min read

Note: If you are located in Ontario, we are not able to display any available promotions.

Matched Betting

What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.

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What To Know

Bovada is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
Bovada is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
Bovada is CFTC-Regulated. CFTC-regulated platforms are federally regulated futures markets, which offer different protections than sportsbooks regulated by a state gaming commission.
Bovada follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
Bovada is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
Bovada is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
Bovada is a P2P/Marketplace. P2P/Marketplace betting platforms often operate like a Betting Exchange. There might be minor differences, such as commission and fee structure.
Bovada is an Prediction Market. Prediction markets work like a stock market, but instead of trading shares, you’re buying and selling contracts based on future events, from sports to weather to elections.
In some states Bovada operates as a betting exchange, and others they operate as a sportsbook. In both situations Bovada will not limit bettors.
Bovada is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
Bovada is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
Bovada is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
Bovada has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
Bovada has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
Bovada seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from Bovada as much as possible.
Incremental withdrawals of $2,500 or less once a week seem less likely to results in limits on Bovada.

Available Locations

Bovada is available in the following locations.
Offshore

Overview

Bovada is a long-running offshore gambling site that offers a sportsbook, online casino, racebook, and a large poker room that shares traffic with Ignition and Bodog on the PaiWangLuo network. The brand serving US players spun out of the old Bodog umbrella in the early 2010s and has been associated with operators in Kahnawake and later Curaçao.

Availability and legality in the US

Bovada is not a US-licensed sportsbook. It accepts US customers in many states but has been restricting service where regulators take action. However, enforcement of these restrictions may vary based on user reports. For example, Michigan issued a cease-and-desist on May 30, 2024, after which Bovada blocked access in the state. Arizona, Kansas, Louisiana, Pennsylvania, Massachusetts, West Virginia, and Tennessee have all seen similar actions or exits. Washington issued a second cease-and-desist in September 2025. As of August 2025, multiple trackers list Bovada as inaccessible in a growing list of states, including Connecticut, Delaware, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, and West Virginia. If you are in one of these states, expect a geoblock at the site level.

Unique Terminology

Signup Offers

$750 Deposit Match

75% Deposit Match in Site Credit up to $750 on a $1,000 deposit

Amount: $750
Type: Deposit Match in Site Credit
Bet Finder: Site Credit
Amount: $750
Type:
Bet Finder: Site Credit
Deposit: $1,000
Minimum Hedge: $563
Expected Value: $750
Available in: Offshore
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MLB House Rules

Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.

Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.

For MLB it is also important to understand what defines Action.

Money line

Will The Odds Change: Does Not Specify


Run / Total / Alt Lines

Action: Yes

Will The Odds Change: Does Not Specify


Player Props

Pitcher Prop action: Does Not Specify

Batter Prop action: Does Not Specify

Deposit & Withdraw Methods

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