Loot.bet Overview 2023
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With some of the best odds available and regular enticing bonus offers, we had to ensure we created a Loot.Bet review. Their offers and odds are some of the bests in the esports betting industry. Some of the biggest questions are Loot.Bet legit, and how does the platform operate? In this Loot.Bet review, we will cover everything you need to know about the bookmaker from an informative and unbiased point of view.
As a relatively new entry to the esports betting market, there are plenty of questions being asked about Loot.Bet to try and see where they fit in? They focus purely on offering esports bets to users; this helps to guarantee you will have more detailed markets, and it isn’t playing second fiddle to a traditional sports market or casino games.
The Loot.bet betting service, which launched in 2016 in Cyprus, attracted a big audience of esports enthusiasts, professionals, and fanbases. The interface, design, banking system, and, of course, the betting section are all focused on esports. Loot.bet was created specifically for esports betting, so you can expect a more tailored experience.
Users are encouraged to use caution at all times on the ‘Responsible Gaming’ page. More than just delivering engaging esports coverage and help for responsible betting, this platform prioritizes your security and complete betting satisfaction. The esports betting service is famous among Filipino punters and players because of its active involvement in the eSports sector through ESIC. Its website is also PCI-DSS certified, ensuring secure and transparent transactions.
The bookmaker is managed by a company called Livestream Ltd, which is based in Cyprus. Below you can find a snippet from their website where they provided information about the gambling licenses they operate from.
“The Service is owned by Livestream Gaming Ltd, a limited liability company registered in Belize with company registration number 162,082, with a registered address at 9 Barrack Road, Belize City, Belize (“Livestream”), licensed in Curaçao under the Licence #365/JAZ issued by Gaming Services Provider N.V. for the provision of sports betting and casino.”
This can be found in the Terms and Conditions on the website, along with a plethora of other information.
How Does It Work?
The majority of betting websites have a similar website and operate in a similar fashion. When it comes to Loot.Bet, it is no different. Their website offers an eye-catching layout with an array of pleasant colors and uses the traditional format that you will find elsewhere. Let’s dive into what exactly the platform entails.
Loot.Bet Welcome Bonus
You always want to have an attractive welcome bonus; it’s the icing on the cake when signing up to a betting site. Loot.Bet has followed a fairly regular welcome bonus scheme, but it is still one you can take great advantage of.
When you open an account with Loot.Bet you will receive a deposit bonus. This bonus will give you a 100% bonus on whatever you choose to deposit, with a maximum of $100. You must deposit at least $20 into your account to be eligible for this first deposit bonus. When you apply the coupon ‘LOOT’ at Loot.bet, you’ll get 35 free spins. You can utilize these spins when playing the Cash Tank game. Furthermore, the rollover requirement for the bonus is ten times the bonus + deposit amount.
Only bets with odds of 1.59 or above count towards the rollover requirement. To achieve the wagering requirement, you can put single and combo bets. Finally, the deposit bonus is only good for 15 days before it expires.
Welcome Bonus Conditions In Detail:
- 100% Bonus
- Maximum Bonus: €100 / $110 / 7,000 RUB / 6,000 PHP / 3.74 mBTC / 0.061 ETH / 3,200 UAH / 550 BRL / 0.61 BCH / 1.73 LTC / 3.74 mBTC / 0.061 ETH / 3,200 UAH / 550 BRL
- €100 / $110 / 7,000 RUB / 6,000 PHP / 3.74 mBTC / 0.061 ETH / 3,200 UAH / 550 BRL / 0.61 BCH / 1.73 LTC / 3.74 mBTC / 0.061 ETH / 3.74 mBTC / 0.0
- Applies to: First deposit onlly
- Currencies: EUR, USD, RUB, PHP, UAH, BRL, BTC, ETH, BCH, LTC, BCH, LTC
- €20 or equivalent as a minimum activation deposit
- Types of rollovers: real and bonus
Please note that only bonus monies can be used to gamble. This bonus allows you to wager both real and bonus money. The bonus balance will not be selectable independently.
Also, note that the rollover of bonuses with both real and bonus money is currently unavailable in the Sports area.
When you request a withdrawal, the bonus is canceled and your bonus sum is reset to zero.
If LOOT.BET believes the promotion has been exploited or if unusual betting patterns are identified, it reserves the right to withdraw any bonus or winnings.
Restrictions That Apply
You aren’t always guaranteed that each and every betting platform will be available in your country or region. You will need to be at least 18 years old to use the services. To help streamline the process, we have highlighted all of the restricted countries below when it comes to the Loot.Bet site. You will be able to find the full Loot.Bet rules on the terms and conditions section of the website.
- The United States of America and its territories
- France and its territories
- The Netherlands and its territories
- Countries that form the Kingdom of Netherlands, including, Bonaire, Sint Eustatius, Aruba, Curacao, and Sint Maarten
- Australia: Belize
- Belarus: United Kingdom of Great Britain and Northern Ireland
- Cyprus: Malta
Esports Betting Options
We were stunned when completing the Loot.Bet reviews after we looked at the games being covered. We couldn’t think of another esports betting site offering quite this level of the range. Below is a list of each and every game available to place wagers on.
- Dota 2
- League of Legends
- Rocket League
- Call of Duty
- Rainbow Six Siege
- Arena of Valor
- StarCraft 2
- King of Glory
- Heroes of the Storm
- Dota Underlords
- Street Fighter V
- Pro Evolution Soccer (PES)
- Mobile Legends
As I said, we were blown away to find out that all of these games were being covered. This very much added to the brand statement that they are dedicated solely to esports betting. To make things even better, the betting market options didn’t disappoint. It is clear the Loot.Bet betting site has been designed for hardcore gamers who have a keen interest in esports.
In-depth Market Dive
The platform is an esports betting service where punters may participate in a variety of betting markets. You’ll probably only be able to place a simple match-winner bet if you go to a traditional sports bookmaker that occasionally supports esports. However, Loot.bet understands that all serious esports bettors want a wider range of betting possibilities.
Following the strength of games being offered, we had high expectations for the market ranges, and they lived up to those expectations. I don’t think anyone could complain about the markets missing anything.
You have your regular options like map and series handicaps, individual map winners, outright winners, first kill, and overall map score. However, there are also some unique betting options. For example, in a game of CS:GO, you can bet on whether or not a Molotov Kill is going to happen.
In some cases, there are well over 30 different market options for just one match. When we consider that we have come to expect around 10 market options, this is truly amazing. It opens up a diverse experience and allows users to tailor the best to what suits them best.
When landing on the homepage of the website, in the top right corner, you will find the Login and Loot.Bet Registration options. When registering, you will be asked to provide the following information:
- Your Email
- Create a password
- Verify you are at least 18 years of age
You will also have the option to subscribe to bonus notifications, which we recommend is you’re constantly hunting for a good deal.
Please note you are only allowed to register one account with the bookmaker. Accounts will be closed immediately if it is found you have multiple accounts.
When you register, you will receive the option to use all currencies available on the website. Some payment methods will not process in all currencies; in these cases, a processing currency will be displayed alongside a conversion calculator.
Promotions & Bonuses
We love finding a good promotion that we can use to increase our profit return or make betting more intriguing. Loot.Bet understands this and has created a Promo section on its website, which showcases all of the current promotions and bonuses that are available to users.
At the time of writing, there are three different Loot.Bet bonuses that you could take advantage of. They range from getting free bets to cashback and free spins on casino games. You will find promotions similar to that of the welcome bonus, right now you can get a 50% bonus that runs up to $100 when depositing and using a specific code.
More so, you can get a 50% match bonus up to $50, as well as 10 free spins. Make a minimum deposit of $10 and use the promo code HOME to get the bonus. It is also subject to certain restrictions, such as a deposit and bonus rollover.
Furthermore, this bonus can only be used on sports or matches with odds of 1.9 or higher. Bets on lower-odds games, on the other hand, do not contribute to the bonus rollover.
There isn’t anything that would technically fall under as a special feature, but we need to highlight the top quality of the esports markets they have on the show. We haven’t found another esports betting site yet that offers such an extensive range, and this can count as a special feature and party trick in this case. Many reviews detail the shock when they discover how many games and markets are available.
The Deposit and Withdrawal Options
Loot.Bet really made an effort to tailor its service to an international audience. All users on the service will be able to make both deposits and withdrawals through well-known methods. You can deposit using the following:
- Diners Club credit & debit cards
When it comes to withdrawing, you are required to withdraw back to the same method that was used for depositing. All withdrawals need to be verified by the Loot.Bet team, which can take up to 72 hours, but typically processes on the same day the request was made.
You will need to take into account that Mastercard isn’t available for withdrawals, so an alternative method will need to be used. Thankfully, there are no fees applied to withdrawals, so you will get the full amount that you choose to withdraw.
Privacy & Security
As we covered in the About section of the review, Loot.Bet operates under and is fully licensed and regulated by the Government of Curacao. This offers a considerable amount of customer protection but, as noted earlier in the review, leads to some restricted countries.
Additionally, their website is completely PCI DSS compliant. This means that your deposits are well protected. A nice touch from Loot.Bet that needs to be mentioned is their responsible gambling page, which you can use if you feel that your gambling habits are getting out of control.
As if things couldn’t get any better, Loot.Bet also offers three different support options, that all operate on a 24/7 basis. You can get in contact with them through their live chat on-site, a telephone hotline, or their dedicated support email address.
It is reassuring to know you will be in good hands if any issues arise. In addition, they are often active on their social media channels so you can get help and advice there if needed.
Pros & Cons
- Fantastic range of esports titles
- User-friendly website
- Good choice of deposit methods
- Availability of Loot.Bet app both in App Store and Google Play
- Lacks some withdrawal methods
The Overall Conclusion
It’s the end of the review, and it’s still stunning quite how much Loot.Bet is managing to offer. Whilst some esports betting companies have started to expand into traditional sports and casinos to increase their user base, Loot.Bet has just continued to improve the esports betting market.
With an extensive range of titles, in-depth markets, exceptional customer service, and plenty of payment methods available, it is hard to fault the bookmakers’ service.
Is Loot.Bet Good For Esports Betting?
Yes, they are exceptional—the Loot.Bet odds are great across a wide range of games and markets.
Is Loot.Bet Safe And Legal?
The company operates under a Curacao Gambling License, so it is a fully legitimate company, you have nothing to worry about.
Can I Get A Bonus?
There are various different types of bonuses available that are regularly changing. You will get an attractive bonus when signing up for the site.
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