Rizk is mainly a casino operator that also offers a sportsbook. Owned by Betsson from Zecure Gaming Limited, just like Guts, Rizk is a trusted player in the market. If you are looking for a very good Casino experience with the potential to also place some bets on sports every now and then, Rizk is a good choice although there are quite limited payment methods so it can be worth looking up whether there is an option that suits your needs before signing up on Rizk.
There is no bonus whatsoever for the sports betting platform, and that’s just the start of Rizk’s problems. The vast majority of legit online sports bookies offer at least some kind of bonus for new players, even if it’s just a $5 free bet. But Rizk has obviously focused all its efforts on the gambling side of the platform, with a bonus in the casino section. If you want to get a big bonus in a sports bookie of your choice, then Rizk is definitely not the right option for you.
Either way, we hope that the promotions section of the platform will live up to its potential when it comes to online sportsbooks and that Rizk will start introducing generous welcome bonuses for new players in the near future.
The second big problem that the Rizk sports betting platform suffers from is the high betting margin. It’s set at little more than 10% for the live betting section, which makes it dramatically worse than the industry average at 7%. Pre-game odds are set at 7%, while the average is 5%. What this means is that Rizk will take a big portion of the players’ winnings and that it may be worth your while to find another bookie with a commensurately lower betting margin.
The first good thing about Rizk is that there are many different sports to bet on. Not only that, but there are also several popular esports as well. The full list of available sports and esports is available to see further down below in this review. Even though we’re not exactly impressed with the sports offering at Rizk, we still have to commend the platform for offering a variety of different sports that will suit most players' needs and preferences just fine.
Responsible gaming is fine, too. This means that you can use one or more of a variety of different measures to prevent yourself from going downhill if you feel that you may be having a problem.
The self-exclusion list is always available to players that wish to be barred from entering the sports bookie or gambling platforms. Your account will be suspended for a time of at least 6 months, up to however long you want. There are measures for smaller periods of time, as well as deposit limits and wagering limits that you can easily impose on yourself if you have problems with discipline. You can get in touch with Gamblers Anonymous and NetNanny, professional organizations that specialize in problem gambling and solving this potentially serious problem that many players will undoubtedly have at some point in their lives.
The most popular payment methods are readily available to use at Rizk, though we would like it even better if there was a bigger variety of payment options for players. On the flip side, the process is quick and straightforward and you can get it done quickly. Just visit the cashier’s page and select the deposit/withdrawal method of your choice, and you will make instant deposits and quick withdrawals. Best of all, your personal and financial data will be completely safe as the Rizk website has encryption technology installed which will keep things safe from prying eyes.
One good thing about Rizk that sets it apart from other sports bookies is that you won’t have to go through the identity verification process for your withdrawals. That is, you won’t need to verify your identity for the first $2,000 that you withdraw from the platform. This is rather unique and very convenient, as the vast majority of online sportsbooks will require the player to verify their identity first by providing verification documents before they are allowed to make the first withdrawal.
Of course, sooner or later, you will get to the point where you will have to verify your identity. This is fine, as all you’ll need to do is provide a few documents and the Rizk staff will take care of the rest. The process will be finished in less than 72 hours, in most cases.
The customer service at Rizk is another solid aspect of how the platform runs. The customer service team is said to be available 24/7, which is not unusual among online sports bookies, but it’s rare to see that the customer service team is indeed always available as advertised. Such is the case with Rizk as the customer service team will reply to your inquiry almost immediately and you will get all the answers you need regardless of the nature of your question.
There are two ways in which you can contact customer service, through email or live chat. We recommend the latter, as it’s very convenient and you will get all the answers you need.
The only utility feature that’s available at Rizk is the cash-out feature. What this gives you is a chance to withdraw your bet and your wins before the event that you wagered on ends. This is very useful and gives players a lot of leeway for both cutting losses and securing winnings.
Either way, we would like there to be a live streaming option as well, as this one is the most popular one and it’s still unavailable at Rizk. There is additional room for introducing some other utility features, as well.
In the end, we would have to say that Rizk has a lot of flaws. The absence of a welcome bonus as well as the very high margins make for a lackluster offering for newcomers. There are far better options in terms of welcome bonuses and betting margins than Rizk.
But the platform has its strengths too, namely the availability of different sports and esports, the on-point customer service, and the fact that you won’t need to verify your identity when withdrawing your money up to $2,000. In all cases, if you want to learn more details about what Rizk offers, you’re advised to read the rest of our review below.
Although Rizk seems to be like a great and quite a different take on online sports betting, right now there is no welcome offer users can benefit from, although there used to be a €/$10 Rizk Free Bet bonus not that long ago and Norwegian players can also claim a 100% up to KR1000 Welcome bonus. The bonus must be wagered five (5x) times on odds of at least 1.80 and within 30 days.
Sport / Game Coverage
Margins on Rizk sportsbook is quite high. Live odds seem to sit a slightly over 10% which is high compared to the average industry margin, and pre-game isn’t much better at 7% compared to the industry average of around 5%. Again, it would be highly advisable for Rizk to significantly lower the betting margins on the platform. This would definitely attract a lot more players to visit the sportsbook section.
As we’ve mentioned in the overview section, the sports and esports coverage at Rizk is one of the best aspects of the platform. There are a lot of choices for events that you can bet on both in sports and esports. Feel free to browse down below and read the full list of available sports and esports at Rizk.
There are many resources for players that exhibit traits of problematic gambling. This is always a good thing to note as it’s not necessarily in the best financial interest of online sportsbooks to battle problem gambling. So it shows that a bookie cares about the players when it does its best to promote responsible gaming. The measures that you can use are to be found below.
The following limits can be imposed on an account:
- Self-Assessment Test
- Deposit limits
- Wager limits
- Time-based limits
- Reality Check
- Self-Exclusion (a user can permanently prevent themselves from betting on the site)
Deposit & Withdrawal
There are a few payment options at Rizk. Less than what could be expected though. Still, most major payment solutions are still in place. You can pay with credit cards, Skrill and Neteller and also bank transfers as well as Paysafe cards, with that in mind there should be something that suits most people.
As long as your account is verified, withdrawals on Rizk are smooth. There is a minimum withdrawal amount of $20 (or similar in other currencies).
Withdrawals are approved very fast, and the time, until you receive your money entirely, depends on your chosen withdrawal method. E-wallets are instant while bank transfers or credit card withdrawals may take up to 3 business days.
The onboarding process does not represent anything special here. A standard form with three steps should be filled out in order to have an account registered and ready to go.
Account Verification is not required for initial registration, but may happen if the total deposits of an account reaches €2,000 or more. A valid ID, proof of payment method and proof of address are mandatory for account verification and can also be asked for in combination with any deposits or withdrawals at Rizk’s sole discretion.
Although there is no phone support available here, we were extremely impressed with the quality of the customer support offered by Rizk via Live Chat. Extremely polite, kind, knowledgeable and the customers are treated with respect. Live Chat is non-stop while the emails are being answered within 24 working hours.
Rizk did offer a call-back service though, but that seems to be unavailable at the moment of the review.
There is room for improvement here in terms of adding new and useful utility features. For now, only the early cashout feature is available and we hope that this will change in the near future, particularly with the additions of live streaming, bet builders, and other popular and useful utility features.
Option to get a part of your winnings before the event has ended
- Wheel of Rizk
Get rewards for your activity on Rizk
- Rizk Insider
Check out the latest news from Captain Rizk
- Rizk Race
Win Free Spins or other rewards by participating in the races