The long-term agreement is the largest in the club’s history, and is signed ahead of a second successive Premier League campaign and first appearance in European competition for 40 years.
As principal sponsors, ManBetX will front all adult home shirts, covering the first-team, under-23 and adult disability teams.
One of the world’s leading betting websites, ManBetX offer odds and streams on an array of sports including football, basketball and ice hockey to a wide audience across Asia.
Wolves managing director Laurie Dalrymple: “We are delighted to welcome ManBetX as our new shirt sponsors as we enter another hugely exciting period for the football club.
“We had the opportunity to work with a new principal partner for the 2019/20 season and we felt that the scale and ambition of ManBetX was closely aligned to ours - I’m confident we can achieve great things in what is Wolves’ largest ever sponsorship deal.
“As the team moves at an exciting pace on the pitch, guiding us into Europe for the first time in 40 years, it’s essential development off it continues at a similar rate, and this deal represents huge progression.
“A large focus has been placed on developing our global audience, with the team heading to Nanjing and Shanghai for the Premier League Asia Trophy in July, and this deal will only expand our global reach, given the impressive reputation ManBetX has in Asia.”
Like last season, Wolves Academy shirts will be sponsored by the University of Wolverhampton, while a fresh sponsor to front junior shirts will be announced in the coming weeks.
Xavi Wong, ManBetX sponsorship director, said: “We are extremely proud to be able to partner with Wolves as we believe that, being together, we are able to make a huge impact in our respective fields.
“We are certain that our partnership will blossom and benefit both parties. We believe that Wolves are able to move us to greater heights and set us apart from our competitors.
“We are looking forward for this partnership and are excited for what the future holds for the both. Good luck to Wolves in the upcoming 2019/20 Premier League season.”