Loot.bet is one of the veterans in the esports betting scene. They launched back in 2016 and are managed by Livestream Ltd. that is based in Cyprus. Loot.bet is a really popular esports betting site that focuses on esports only and has clearly been designed with esports fans in mind as they offer betting options on more than twenty games that include streaming for live events of course, and have a big markets coverage with competitive odds. No traditional sports are available for users to bet on, but they do offer a small online casino in addition to its impressive esports product.
LOOT.BET offer the following Bonus:
100% up to €100 Deposit Welcome Bonus
Bonus code: "MALTA". The 100% match up to €100 must be wagered 10x times on odds of at least 1.79 within 15 days and in addition, offers 10 Free Spins on the Counter Punch Pro slot machine by using the bonus code “MALTA.” The bonus is a hybrid bonus, where players can use the deposit bonus for both betting on esports and the 100 spins to users can try out Loot.bet’s casino site.
Sport / Game Coverage
The margin is around 7% for a 2-way Winner market and more than 10% for 3-way, which is not very competitive, but close to the industry standard. Need to keep in mind that Esports margins might be slightly higher when compared to traditional sports
Due to the license that LOOT.BET is currently holding and operating under, there are fewer requirements related to Responsible Gambling, which means that self-imposed account limits are not available, but there are a number of organizations which are mentioned in the Responsible Gambling section of the website.
Deposit & Withdrawal
Loot.bet allows multiple different currencies on the same account. This differs from normal online sportsbooks, where an account is usually restricted to only one type of currency. The site recommends that the user keep a paper copy of the transaction record and a copy of Loot.bet’s Terms and Conditions.
Users won’t have to pay a withdrawal commission if they roll over (wager) their deposit at least one time. If the deposit isn’t wagered, Loot.bet reserves the right to deduct an 8% fee with a minimum sum of 4 euros (or the equivalent in different currency). Loot.bet says that they have this in place in order to combat money laundering.
All withdrawals from Loot.bet must be made to the original debit, credit card, bank account, method of payment used to make the payment to the users account. The site may allow a user to withdraw to a different payment method, but Loot.bet decides when and where that can happen.
When a user’s balance is more than ten times the size of the total sum of a user’s deposits, players may only withdraw up to €5,000 per month. In other cases where the above does not apply, the maximum withdrawal amount per month is €10,000.
After users initiate a withdrawal request, Loot.net will take anywhere from one hour to three days to check the request. Once approved, the withdrawal is processed within 12 hours.
Registering with Loot.bet is an easy process. It requires only an email and password and afterward the account information can be completed.
- Verification is not required when a user registers, but documents may/will be requested when a player attempts any deposits or withdrawals
- Users will need to provide proof of identity, like a valid ID card or passport.
- If a users decides to deposit with a credit or debit card, they will also need to provide a photo of the card with the first 6 and the last 4 digits visible while covering the middle 6 digits.
- Loot.bet will most likely require proof of address This serves as the site’s account verification process.
- This verification is usually done on the same day, but sometimes can take up to 72 hours.
Loot.bet’s live chat customer service was exceptional. They offered easy answers to the questions asked. Unfortunately, any emails sent to Loot.bet weren’t returned within 24 hours.
- Cashout (for single bets only)
Get your winnings before the event you bet on ends
- Live streaming for Esports events
Enjoy watching the events live while you bet on them
- Launcher for macOS
Get easier access to your favorite application