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Posido Review 2024

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Veselin Ignatov
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Veselin Ignatov
Veselin Ignatov

Veselin's primary job is to create unique content, such as reviews and analyses of different bookmakers and other topics...

Rumen Morfov
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Rumen Morfov
Rumen Morfov

Rumen is a specialist in online bookmakers analysis, sports betting, and content management for Nostrabet. With a talent...

Last Updated
18.06.2024
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Hours of Testing
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Inspired by the Greek god of the sea, Poseidon, we have the dual sportsbook and casino site Posido. With the site design matching the name, my first impression was that Posido had a distinctive and appealing look to it. You should not judge a book by its cover, however, so I decided to sign up at Posido and get playing. This Posido review will tell you everything I discovered.


Pros and Cons

  • Pros:
  • 25+ Sports to bet on
  • Crypto and fiat currencies supported
  • Large selection of casino games
  • Rewards for loyal customers
  • Good customer support
  • Cons:
  • No mobile app
  • Limited Responsible Gambling measures

Who Is Posido Best For?

Due to the variety of loyalty-based rewards and challenges, Posido is best for players who like to gamble at just one website. The more you play here, the greater value you will get out of it.

It is less suited for players who prefer to shop around so they can place specific sports bets at the best price. Although the payout rates here are decent, and the selection of markets is reasonable, you can find other sites that are better in both areas.


Posido Sports Betting Coverage

posido sports

The range of sports offered by the Posido sportsbook is, in my opinion, satisfactory rather than amazing, though it covers all the most globally popular options. These frequently selected sports include the likes of football, basketball, ice hockey, tennis, rugby and American football. Within these, you will find a lot of fixtures, a total comparable to that available at most other sites. This does not always apply to less popular sports though. With these, Posidon tends to cover fewer fixtures or does not have any coverage at all in some cases.

  • American Football
  • Aussie Rules
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • eSports
  • Football
  • Formula 1
  • Futsal
  • Golf
  • Handball
  • Ice Hockey
  • MMA
  • Motor Sports
  • Politics
  • Rugby
  • Snooker
  • Table Tennis
  • Tennis
  • Volleyball

Betting Markets, Odds and Margins

For most sporting fixtures, Posido has a range of betting markets customers can choose from. The range varies from small (in the case of less popular events) to quite a lot (for something like a big football match).

Overall though, Posido probably offers slightly fewer markets than your standard online bookmaker. Although the numbers beside each sporting fixture often look impressive, this is the number of available bets, rather than betting markets.

The situation is better for the actual odds Posido provides. They only take a fairly typical house edge meaning payout rates for bigger events tend to be around 93% to 95%, reducing to 90% to 93% for smaller fixtures.


Posido Live Betting

posido live sports

At Posido, players can bet on thousands of live events spanning a range of sports. Many events come with a variety of markets too, rather than restricting you to just match winner/outcome. Although I would not say the number of markets was extremely high, there is a good degree of choice.

A minority of in-play sports come with a live stream, as indicated by the green play symbol. When this feature is not available, live events will usually come with some sort of live match tracker and/or key statistics. Additionally, you can easily filter through the betting options by market type.

I found navigating around the live betting page to be quite straightforward. It operates a basic system, divided into sports and separated by competition. The only feature it lacked was an in-built back button when you load a specific live match page.


Top Betting Features

Players at Posido have access to some extremely useful betting features, such as those outlined below. Although these are increasingly common at other sites, many still do not have them all so Posido compares well to many rivals.

  • Bet builder – Bet builder is a widely available feature at Posido. Through this feature, users can add several markets from within the same fixture to create a multi-leg bet. All you have to do is select a market that has the flame symbol next to it, which is often the case.
  • Cash out – You can cash out many bets at Posido. Any market with the green dollar symbol indicates it is cash out eligible. Through this feature, you can settle a bet for the offered amount while it is active. To cash out a bet, simply open the betslip and select the ‘cash out’ option from the menu.
  • Live streaming – Posido offers clear and smooth streams for some sports on the live betting page. Select any fixture with the green play icon and the stream will appear in the top right corner of the screen. You can maximise streams to view them in better detail.

How to place a bet at Posido

Posido bookmaker follows a very standard system when it comes to placing bets and one I found very easy to use.

  1. Use the category options or the search function to find the fixture you want to bet on.
  2. Select the fixture to reveal all the betting markets.
  3. Select the odds from your desired market to add your selection to your betslip.
  4. Repeat these steps if you want a multi-leg bet.
  5. Open the betslip and select the relevant tab (single, multibet, system).
  6. Enter your stake into the ‘amount’ box. This will calculate your potential winnings.
  7. Click the orange button below to confirm your bet.
posido place a bet

Posido Compared to Other Bookmakers

Posido offers a fairly typical modern-day sportsbook experience. It offers essential betting features, decent odds and a respectable variety of sports and markets. This perfectly solid but unspectacular offering also applies to the range of sportsbook promotions on offer. So, while Posido fails to truly stand out from its sportsbook competitors, it also lacks any major flaws in my opinion.

Compare Posido with more bookies
Welcome BonusLive BettingLive StreamingCashoutAppsBonus PercentageTurnover
€100
-
100%
5/6x
18+ T&C apply | gambleaware.org | gamstop.co.uk | Play Responsibly
$3,000
-
200%
40x
18+ T&C apply | gambleaware.org | gamstop.co.uk | Play Responsibly
$200
100%
x5
18+ T&C apply | gambleaware.org | gamstop.co.uk | Play Responsibly


Posido Casino – Top Games and Features

Posido Casino Games

Posido boasts a gigantic games library comprising titles from over 40 different developers including the likes of Play’n Go, NetEnt and Playtech. With thousands of games available, you are in zero danger of ever lacking something new to try. You will find many popular game types among the huge collection, including those listed below. For most games, you have the option to play them in both real money and demo mode.

Without further ado, here is a concise Posido casino review.

Slots

Slots is the game type with the greatest choice at Posido as there are thousands of options to choose from. It is a shame there is no way of filtering or ordering the collection as it is so large. If you could filter, you would easily see that slots at Posido come with varying volatilities and RTP percentages.

Posido Exclusives

Although the category suggests these games only feature at Posido, this is not the case. They are, however, not extremely common, so you may not find them at other casinos. As such, the exclusive section can include titles you have not played before.

Jackpot Games

Posido are so big on jackpot games that they have an entire page dedicated to them. On here you will find a variety of jackpot types such as those with a daily drop or those with a ‘dream drop’ featuring its five-tiered prize pool. With so much variety and jackpot sizes, there is something to fit every player.

Table Games

Posido offer players plenty of table games options, and not just many variations of roulette or blackjack either. As well as these classic casino games players can try the likes of baccarat, stud poker, video poker, sic bo, high card flush, craps, teen patti and more! Due to this excellent choice of often high RTP games, Posido is a great place for table game fans.

Bonus Buys

With a bonus buy feature players can simply pay to trigger a bonus round, rather than waiting for it to happen randomly. By bypassing the luck element, players stand a better chance of claiming some larger rewards on their spins. Many games at Posido offer this feature and you can find them all by selecting ‘Bonus Buys’ from the list of categories.

Megaways

For a unique way of playing slots, Megaways is the thing to try. Any Megaways branded slot will feature a unique reel mechanic. Forget your 30 payline games, with Megaways there are always between 243 and 117,649 ways to win. Many games at Posido offer this mechanic too so there are so many ways of trying it out.

Scratch Cards and Instant Games

For fast, easy-to-play games, scratch and instant games are what you should be looking for. Although they are not classic casino games, they allow players to mix up their betting experience. Within instant games, you will find some games with the popular ‘crash’ mechanics like Maverick and Jet X.

Posido Live Casino Games

For a truly immersive casino experience, you will want to experience the Posido live casino. Here you can try out a giant catalogue of games including the likes of baccarat, roulette, blackjack, poker and much more. Tables come with a range of bet sizes so there is always a place to sit if you want to bet big or small. Games are also powered by some of the top providers in the business such as Evolution, Pragmatic and Lucky Streak.

Particularly popular at the live casino is the selection of gameshow-style games, which come high in entertainment. If you have not tried them before, the likes of Crazy Time, Mega Wheel and Sweet Bonanza Candy Land are all worth exploring.

Posido Live Casino Games

Mobile Gambling Options – Is There a Posido App?

posido mobile version

Currently, there is no Posido mobile app for either Android or iOS. Players can, however, access a mobile-compatible version of the Posido website. This will load by default across mobile browsers and it facilitates easy play on your smartphone. The mobile site bears an extremely strong resemblance to the desktop site, both in design and content. There are only a few minor functional changes that make the mobile site friendlier for smaller screens.

I found the mobile site just as easy to use as the desktop site and experienced no issues across the two mobile devices I tested.


Registration Process and Account Verification

Posido Registration Form

To get started at Posido, click the Register button in the top right-hand corner. This will load the four-part registration form.

  1. For the first part, select which welcome bonus you would like, or enter a promo code.
  2. On the next step, enter your email address and an account password. Keep the box that says you accept the terms & conditions and privacy policy ticked.
  3. After this, you will need to input your name and birthday.
  4. Finally, select the country you live in, and enter your address, preferred currency, and phone number. Once added, select ‘Complete’ and you should receive a confirmation message on-screen a few seconds later.

At this stage, you should be able to deposit and start playing right away. Posido do not carry out verification checks upon registration. They reserve the right, however, to ask for verification documents, such as proof of identity and/or address at a later point. As they didn’t require verification from me, I cannot give an opinion on that part of the process.


Posido Sportsbook Welcome Bonus up to €100

posido sports welcome bonus

There are two new customer deposit bonuses at Posido, one for the casino and one for the sportsbook. The latter takes the form of a 100% deposit bonus, up to a maximum of €100. To qualify for the bonus, players must wager the amount of their deposit by placing bets with at least 1.50 odds. Once settled, Posido will release the bonus funds. Before players can withdraw the bonus, they need to wager it 5/6 (country dependent) times on single bets with 2.0+ odds or multi-bets with 1.5+ odds selections.

?? Welcome Offer100% up to €100
?? Bonus CodeNot Required
?? Minimum Deposit€20
? Wagering Requirements5/6x

As far as sportsbook welcome bonuses go, this is a solid and uncomplicated offer but nothing out of the ordinary compared to most of their rivals.


Payment Options – Deposits and Withdrawals

Posido supports a range of fiat and cryptocurrency methods each regardless of your location.

Withdrawal limits depend on your VIP level but start at €500 per day and €10,000 per month (or currency equivalent). Posido process withdrawal requests within three business days.

Before making a withdrawal, any deposit must be wagered in full at least once. If this condition is not met, Posido reserves the right to cancel all winnings and deduct a 10-15% commission charge of the deposit amount.

When playing here I preferred paying using MuchBetter as I could use it for withdrawals and it comes with added security.

Payment MethodDeposit MinimumDeposit MaximumTime for DepositMinimum WithdrawalWithdrawal MaximumTime for WithdrawalTaxes
Visa LogoVisa€10€2000Instant€10€20001-3 days0%
Neteller LogoNeteller€10€5000Instant€10€50001-3 days0%
Skrill LogoSkrill€10€5000Instant€10€50001-3 days0%
Trustly LogoTrustly€10€5000Instant€10€50001-3 days0%
Paysafe Card LogoPaysafe Card€10€1000Instant---0%
MasterCard LogoMasterCard€10€2000Instant€10€20001-3 days0%
Skrill 1-Tap LogoSkrill 1-Tap€10€5000Instant€10€50001-3 days0%
Rapid Transfer LogoRapid Transfer€10€5000Instant€10€50001-3 days0%
Jeton Wallet LogoJeton Wallet€10€5000Instant€10€50001-3 days0%
Siru Mobile LogoSiru Mobile€15€15Instant---0%
Aktia LogoAktia€10€5000Instant€10€50001-3 days0%
eZeeWallet LogoeZeeWallet€10€2250Instant€10€22501-3 days0%
Nordea LogoNordea€10€5000Instant€10€50001-3 days0%
MiFinity LogoMiFinity€10€2500Instant€10€25001-3 days0%
Zimpler LogoZimpler€10€5000Instant€10€50001-3 days0%

How Helpful is Posido Customer Support?

The FAQ section at Posido is extremely short with very few useful questions answered. Thankfully though, the quality I received via live chat was much better. Queues and wait times were regularly short and English-speaking customer support staff were consistently helpful. The best part is that live chat operates 24/7, so there was always help at hand whenever I needed it.

There is no telephone support but as an alternative to live chat, players can simply email [email protected]. Response times via email are quick but they do not compete with live chat.


Security and Licensing

Posido uses the license OGL/2023/158/0074 issued by the Curacao Gaming Control Board and is part of the group of gambling sites owned by Adonio N.V.

For security, the site uses a secure TLS 1.2 communication protocol which encrypts your data. Additionally, Posido uses encrypted hard drives for the storing of personal data. Posido do not mention anything more about security but they do allow customers to update their password at any time. We recommend doing this every few months.


Posido Responsible Gambling Features

All players at Posido have the option to self-exclude themselves from their account or to close it permanently. To do this, just email [email protected] with your username and reason for wanting to stop playing. For some customers, depending on their region, this is all the Responsible Gambling features available. Others have the ability to set up weekly or monthly limits when required by local regulations.


User Experience and Feedback

As Posido is a relatively new site and one of many Adonio N.V. brands, it has not built up a particularly large customer base. Due to this, user feedback is extremely limited. From the little that does exist, there are a handful of complaints about slow withdrawal times. It is hard to take anything from this though given these are such isolated cases.


History and Background of Posido

Posido does not have much of a history given that the site only went live in 2022. It is, however, not a small independent brand, but rather one of the collection of websites owned by Adonio N.V. This is a newly established company in name but one that acted as a replacement for the operator Rabidi N.V.

Posido serves players from across the globe which is why its website supports various languages such as Norwegian, Finnish, Estonian, Polish, French, Spanish and Portuguese.


Verdict and Rating – Why You Should Bet at Posido

My Posido review shows that the operator is what I would consider to be something of a solid all-rounder. It provides players with a decent sportsbook with all the key features and a large casino with a well-varied range of games. On top of this, there is a good mix of supported payment methods and a selection of reasonably attractive offers.

Most of what Posido provides, you can get elsewhere, but the exception is the wide range of loyalty incentives. Through VIP ranks, achievements, weekly challenges and the Posido shop, there are many ways of enjoying rewards for playing here. This makes Posido attractive for players who prefer to focus their playing time on just one site, because of all that I rate Posido with 4.2 out of 5 stars.


FAQ

Is Posido a legal and safe betting site?

Posido is a safe place to bet and is legal in many regions. If you try to access Posido from a region they do not operate in, they will block you from using the site.

Is there a Posido mobile app for Android and iOS?

No, there is no Posido app for Android or iOS. No details are available on when these apps may appear in future.

Are there any betting and withdrawal limits at Posido?

Withdrawal limits apply at Posido and depend on your VIP level. To begin, players cannot withdraw more than €500 a day or €10,000 a month. For sports betting, the maximum available win in one day is €100,000 (or currency equivalent).

Is live streaming available at Posido?

Yes, Posido supports live streaming for some in-play events.

Are there any fees for deposits or withdrawals at Posido?

Posido does not charge fees on payments as standard. An exception applies however when customers attempt to withdraw a deposit they have not wagered once through. This may incur a fee of 10-15%.

Author
Veselin Ignatov
Veselin IgnatovVeselin's primary job is to create unique content, such as reviews and analyses of different bookmakers and other topics from the iGaming industry.
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