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Keen writer and esports enthusiast
Keen writer and esports enthusiast
Online eSports bookmaker Loot Bet grew 67% as a business in 2020, which means they must be doing something right. Of course, we had to try it out to find out if it was worth the hype or not.
To do this, our Loot Bet ratings had to cover all aspects of the site with a view to answering the overall question ‘is Loot Bet eSports legit?’. So, get relaxed and read on as we aim to answer that question in our ultimate guide to Loot Bet eSports betting.
You might have noticed that one of our highlights touched on the Loot Bet welcome bonus, so let’s go ahead and unpack that a little further. Here, players can get a 100% matched deposit up to the value of €100 just for signing up! You’ll just need to play 10x in wagering requirements at odds of 1.7 or greater in order to be able to withdraw your winnings.
Bear in mind you’ll need to enter a bonus code when you place the deposit, so check out the Loot Bet promo codes to find out what that is and how to use it.
The Loot Bet website is a very good-looking one. Thanks to awesome attention to detail in the design of the site, it looks fantastic and is easy to navigate. The color scheme is beautiful, too! A lot more so than some of Loot Bet’s competitors (our EGB reviews will confirm this).
The same can be said of the mobile app which can be downloaded in both the App Store and the Play Store. If you like to take your eSports betting and casino games on the go with you, we fully recommend downloading this app as it makes the mobile betting experience a lot more enjoyable.
An area in which a lot of online sportsbooks and casino sites fall down often is by not offering enough options of ways to place deposits and make withdrawals. Fortunately, this is not the case with Loot Bet as the choice of payment methods here is good. Here’s a few of the options at your disposal, depending on where you’re located:
Loot Bet is often praised for offering very fast withdrawal times as well. Most withdrawals are almost instant, and you shouldn’t have to wait more than a couple of days in any case. Overall, any Loot Bet reviews will be satisfied with the payment side of things.
Have you ever found yourself in a spot of bother on an online betting site and needed instant support? What about in the middle of the night? At these times, you’re going to want 24/7 customer support, but does Loot Bet offer it? Oh, yes.
You can reach out to Loot Bet’s support team at any time of day, 7 days a week! That’s more than can be said for some of their competitors, and another green light for our Loot Bet ratings.
If you’re based in the US or the UK and excited to get stuck into Loot Bet eSports betting then we are afraid to say that you may have to wait a little while. At this stage in time, Loot Bet doesn’t have the required licenses to be able to operate in those countries, with a few further exceptions including the Netherlands.
If you’re looking for a site to place bets on eSports in the UK, you might want to check out our words on ‘is Betway legit?’. Otherwise, you’ll need to relocate to somewhere like Canada to be able to play with Loot Bet.
Loot Bet is based out of Curacao and it has required all of the correct security licensing to be able to operate. This means that you can be confident that your data and money will be safe there.
The final overview of our Loot Bet reviews is a consideration of which other bonuses are available to players after they have played through their initial welcome bonus. A lot of sites don’t offer anything in this department, but how does Loot Bet get on?
Right now, there’s just one bonus for current customers, and it’s very similar to the welcome bonus. You’ll be able to get another 100% matched deposit up to €100 here, with slightly higher minimum odds: 1.8 instead of the 1.7 of the welcome bonus. Again, you’ll need to enter a promo code to be able to claim it.
If you’re looking for a site that offers multiple bonuses for its loyal customers then you may wish to check out ‘is Thunderpick eSports legit?’.
We love how many Loot Bet eSports markets there are available. They claim to specialize in eSports, and we can see why this is the case. Here are just a few of the several amazing eSports games you can choose to bet on at Loot Bet:
All of the major tournaments for each of the games at Loot Bet are covered, but that’s not all. There are also lower league tournaments to bet on, such as individual nation’s leagues and tournaments that you might not see at other eSports betting sites.
Loot Bet’s eSports odds have always been fairly good but one thing that has happened recently has the potential to set them apart as one of the best in the business for odds. That is the announcement of their partnership with PandaScore, one of the leading providers of eSports game data in the world.
What this means is that Loot Bet’s data will be substantially more accurate, and therefore their odds can be a lot more accurate. Instead of leaning on the side of caution, Loot Bet will be able to push the boat out with their odds, which means us players will make more money if we win our bets. This information will undoubtedly be a booster for any Loot Bet reviews, ours included.
When we say that live betting is available at Loot Bet, we really do mean it. It’s possible to stream the majority of the games, and it’s one of our favorite things about Loot Bet as a whole. This function rounds off what is already an exceptional eSports betting experience, and when combined with the in-play bets and cash out functions… well, we couldn’t really ask for more.
So, what do we think? Is Loot Bet eSports legit overall? Absolutely. They’ve gotten pretty much everything right across the board in terms of the eSports betting here, and we could not really recommend them enough. Great work, Loot Bet! Keep it up.
Perhaps the only disappointing facts about the whole of Loot Bet is the fact that they don’t have contracts with the big names in online casino development. You won’t see the likes of NetEnt or Microgaming here, as most of Loot Bet’s casino games come from smaller outfits.
Even though Loot Bet doesn’t have a wealth of casino choices, there are over 500 casino games to play on (mostly slots). This should be enough to keep us players entertained between eSports bets at least. Here are a few of our favorite casino games to play at Loot Bet:
Within those 500 casino games, there don’t appear to be any live casino games at this time. So, if you’re looking to play blackjack with a live dealer or roulette with a live chat, you’re going to want to look elsewhere. Take a look at our Arcanebet ratings.
Once again, the max withdrawal here is €10,000. The only exception to this is if you land a jackpot win, although there aren’t too many jackpot slots to play.
The Loot Bet casino isn’t the most serious in the world and should probably be looked at as a way to keep yourself entertained during eSports bets at most. If this is all you’re using it for, then it is a fine option.
Loot Bet isn’t exactly known for its sports betting as it certainly considers itself an eSports betting website above everything else, but it does have a decent range of markets available. While there aren’t quite as many sports available to bet on as some of its more sports-minded competitors, there are plenty of markets within the major sports.
Again, Loot Bet isn’t a sports specialist so its odds aren’t quite as top-tier as some other sites, but considering this, it does a pretty good job overall. If you check out Loot Bet on an odds checking site, you’ll notice that it is pretty much up to par in most cases.
Something that a lot of players will find exciting, and therefore a very promising part of Loot Bet reviews, is the fact that they offer live streaming for a fair amount of their games. The Loot Bet sports live streaming isn’t as solid as that of its eSports section, but it is certainly better than nothing.
Further to this, it is possible to bet on Loot Bet sports markets in-game and cash out on them, which helps to make sports betting more immersive.
The max withdrawal here is €10,000 per month. That’s not a huge amount. While this probably won’t affect most players out there, it could be something to bear in mind for some of the bigger fish sports bettors. Our Loot Bet ratings are fairly unscathed with this fact.
If you can ignore the withdrawal limit, you’ll be in pretty good stead with Loot Bet sports betting. Sure, they’re not specialists, but they do a pretty solid job overall.
Paying with the likes of Bitcoin and Ethereum might seem a little alien to some of us as it is so new, but it does have a lot of benefits! We’re not seeing too many eSports betting sites incorporate them as a payment option yet (read our article on ‘is Betway legit?’ for an example), which is why it is a pleasant surprise to see Bitcoin as an option at Loot Bet.
Right now, the wagering requirement for both the new and existing customer offers is 10x, with min odds of 1.7 for the welcome bonus and 1.8 for the existing customer offer. Don’t forget that you’ll need to enter a different promo code for each of these offers, so check out the Loot Bet promo codes.
If you get stuck with anything at Loot Bet, be it technical issues with banking or just not being able to figure out how to do something on the site, you’ll be able to get help 24/7 thanks to an excellent live chat service. For any eSports betting site reviewed to get the best score, it needs to have this.
Loot Bet, our latest eSports betting site reviewed, has impressed us very much. Not only does it look great, but it’s super well run thanks to some quality bonuses, excellent customer support and a solid banking section, with great payment methods and quick processing times.
We just hope that they can start to operate in the US soon so that we can get involved!