Loot.bet is an esports online bookmaker and offers no traditional sports for users to bet on, but the platform has clearly been designed with esports fans in mind. Loot.bet also offers a small online casino in addition to its esports markets. Loot.bet is managed by Livestream Ltd. and based in Cyprus.
Loot.bet offers a nice bonus for new players. The best part about the bonus is that you can use it on the esports betting platform and the casino gambling platform as well. The bonus is not huge by any means, but it gives players a chance to test things out for free.
The welcome bonus is a deposit match of 100% up to $100. Again, punters are free to use this money however they’d like. Moreover, you will get an additional 100 free spins bonus for the slot games on the casino site. Loot.bet also gives players additional bonuses from time to time to spice things up and keep things fun. Info on how the bonus works and how to claim can be found in this review.
Unfortunately, you can’t find any traditional sports such as football and basketball at Loot.bet. This may or may not be an issue for you depending on your tastes. Offsetting that lack of classic sports is a vast market coverage for esports.
Some of the available esports on the platform are NHL, Call of Duty, Counter-Strike: Global Offensive, Dota 2, Rocket League, Quake, NBA 2K, StarCraft, StarCraft II, and many others. The full list of available sports is listed below. For now, suffice it to say that Loot.bet has great coverage for esports and players also have the chance to have fun in the casino gambling platform on the Loot.bet website.
As you know, there are certain people that may have problems with gambling and can get addicted to it. Well, Loot.bet is sympathetic to people that have these problems and the platform offers a variety of different resources that players can use to battle their addictions and habits.
For one, if you happen to believe that you may be having a problem, you can contact customer service and request that your username be put on a self-exclusion list. This will bar the player from entering the website and gambling for at least 6 months. You can also place betting and wagering limits, deposit limits, and enter your username in a cool-down list. Lastly, if you have a serious problem, you can get in touch with a number of professional organizations where you can seek help, such as GamCare, Gamblers Anonymous, Gambling Therapy, Net Nanny, and others. We commend Loot.bet for giving players resources to face their excessive gambling problems and get the problem resolved quickly and easily.
In terms of payments, there are several different payment options that you can use for making deposits and withdrawals at Loot.bet. The list includes Visa, MasterCard, Neteller, Skrill, WebMoney, and more. You can use these payment methods for deposits and withdrawals.
The best part is that there are several variants for classic credit and debit card payment methods, and also electronic wallets. The deposit and withdrawal times can vary depending on the particular payment method that you pick but, in most cases, you will make instant deposits and quick withdrawals.
Customer service is kind of a mixed bag. In our experience, the live chat service is stellar. Every time we tried getting in touch with a customer support agent through the live chat option, we were greeted quickly. The customer service agents were all friendly and they offered advice and solutions to our problems.
On the other hand, we weren’t quite as pleased with the email customer service experience. Emails with some simple questions ended up taking days to get a response. As such, you may have to wait for a while before your email inquiry gets answered, and this is never a pleasant experience. The good part is that live chat support is available 24/7.
There are a few utility features that are noteworthy. The first, and the most important, is the live streaming utility features. Watching the events that you’re wagering on live is half the fan for most fans. And most of the most popular events that players tend to place bets on in the esports industry are available to stream live.
You can also use the early cashout option, but you can use it only for making early cashouts on a single bet. If you have more than one bet on your betting ticket, then you won’t be able to use this feature. However, we also must note that there are no dedicated Android or iOS apps. This is a shame since most players tend to enjoy placing mobile bets and the apps tend to give a more streamlined esports betting experience. This doesn’t mean that Loot.bet won’t introduce any such apps in the near future.
There are many things to look forward to at Loot.bet, especially if you’re an avid fan of esports betting. There are many esports markets that are covered and many games that you can place bets on. The welcome deposit match bonus isn’t huge, but it’s generous enough to give players a chance to see what the platform has to offer. We were also satisfied with the customer service experience on the platform and the utility features.
While there is undoubtedly room for improvement, we still suggest that you visit Loot.bet, create an account, and deposit some money to start placing bets on your favorite esports events. You’ll likely have a good experience here.
LOOT.BET offer the following Bonus:
Sport / Game Coverage
The margin is around 7% for a 2-way Winner market and more than 10% for 3-way, which is not really good for the user, but close to the industry standard of 7% on average. Needs to keep in mind that Esports betting is young and the margins might be slightly higher when compared to traditional sports.
However, there are some other esports bookies that offer way better odds than those offered at Loot.bet. Though Loot.bet isn’t greedy in this regard, we also hope that Loot.bet will continue the trend of lowering margins in the future.
As mentioned before, the esports market coverage at Loot.bet is almost perfect. There are many different games that you can place bets on and the most popular events in esports around the world are always available for gaming. There is a slight room for improvement in terms of introducing a few more popular esports games but for now, we’re completely satisfied with the offer at Loot.bet.
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
Deposits can be initiated from the user’s “My Account” page inside the “Deposit Funds” section.
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 can initiate a withdrawal from the “Withdraw Funds” section of the “My Account” page.
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 a 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 questions asked. Unfortunately, any emails sent to Loot.bet weren’t returned within 24 hours. Either way, if you don’t want to use the email nor the live chat option, you can still use the phone contact method. This will get you instant results in most cases, as you will be immediately connected to a customer service agent to speak to.
There are some great utility features that players can use to enhance their experience at Loot.bet. Again, there is still room for improvement, as the lack of a bet builder or dedicated mobile apps is tough to ignore. The early cashout features and the effective live streaming features are more than enough to keep players entertained and improve the betting experience at Loot.bet.
- 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