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Keen writer and esports enthusiast
Keen writer and esports enthusiast
If you checked in for our Loot Bet reviews, you would have found out that this is a seriously exciting site for eSports bettors, and one that comes with an awesome bonus for new players.
There are a couple of things you’ll need to do to be able to claim that Loot Bet welcome bonus, including playing through the bonus fund a certain number of times plus having to enter a Loot Bet promo code as you place your first deposit. Don’t worry, though. We’ve got the ultimate guide to the Loot Bet eSports bonus coming right up.
The world of online casino and sportsbook bonus offers has been around for a little while now, but they seem to just get better and better all the time. What actually are they, though?
Online betting bonuses were invented by online casinos as an advertising technique. It’s an incredibly competitive market to be in, so some sites felt like they needed to do more and go the extra mile to bring in new players.
They settled on offering potential customers all kinds of elaborate rewards (free spins, free cash to play with and more), and it worked. Nowadays, the vast majority of online casinos and sportsbooks have some kind of welcome bonus for new players, Loot Bet included.
So, let’s find out what we can get our hands on when we sign up for a new account with Loot Bet. With your first deposit up to €100, you’ll be able to claim 100% back in the form of bonus funds!
There aren’t multiple Loot Bet sign-up offers for one key reason: the Loot Bet welcome bonus encompasses all the sections of the site: casino, sports betting and eSports betting. So, no matter what your preference is, you’ll be able to get some bonus funds to get started with.
It’s important to know that Loot Bet isn’t currently taking on customers from the US or the UK. This is because they have not yet obtained the correct licenses to be able to do so. For now, you’ll need to be based in one of the current Loot Bet territories, such as Canada.
On top of this, here are a couple of rules here that you’ll need to understand, otherwise you might fall short of being able to claim your bonus winnings, so make sure you pay close attention to this next section!
If you think the Loot Bet eSports bonus sounds exciting, you’re absolutely right. It’s a great opportunity for us eSports punters (as well as those who prefer to bet on regular sports or casino games) to get some cash to play with as we warm up to the site.
So how do we make the most out of it? Check out our hot tips on how to use the Loot Bet welcome bonus.
One of the most important things to know about Loot Bet new customer offers is that you will need to play through your initial deposit and bonus funds combined 10 times before you are able to withdraw any funds. For this particular welcome bonus, the odds that will need to be met are 1.7 at a minimum.
Any bets that do not meet these criteria won’t qualify towards the wagering requirements. This also means that the casino is out of bounds for wagering requirements playthroughs. If the 10x wagering requirements seem too intense to you, you might wish to take a look at an offer with lower requirements. Read our article on the Arcanebet sign up offers, which tend to be less intense.
For sure, it looks super tempting to get €100 in free bets to play with, but that also means putting down €100 of your own cash right off the bat, which some of us just cannot afford to do. The minimum bet for the Loot Bet welcome bonus is just €10, so start as low as that if you need to.
You’ll need to enter Loot Bet promo codes to claim the welcome bonus. Right now, the code for the new customer offer is “LOOT”, although this could change, so check out the Loot Bet website to find out.
You’ll be prompted to enter the promo code as you go to place your first deposit, so keep an eye out for the field as you do so.
The beauty of the Loot Bet welcome bonus is the flexibility that you have to play whatever you want with it. So, if you consider yourself to be an expert of eSports betting, get stuck into that. Or, if you are a connoisseur of the slots, the casino section of the site might be more well-suited to you.
One of our favorite things about Loot Bet as a site is that the new customer offer seems to be fairly relaxed as to how you use it and how you meet the wagering requirements. However, the terms and conditions could be due to change at any time, so we fully recommend keeping an eye on them in case something pops up that we haven’t covered!
Whether it’s eSports betting you’re looking to carry out, sports betting or online casino games to play, the Loot Bet welcome bonus has you covered. It’s possible to enjoy your bonus in any one of those departments! Just be aware that there are some exclusions around the wagering requirements, so check out the terms and conditions for more on that. Read our Loot Bet reviews if you’re interested in the site!
The rules state that your initial deposit and bonus funds need to be played through 10 times before you can withdraw with them. If you max out the whole €100, that’s €2000 in betting you’ll need to do, which might look a little intense. If that doesn’t sound doable to you, maybe consider putting down a lower amount for a deposit. At least you get the choice, unlike with the Betway welcome bonus!
If you’re in the US, we have some bad news for you. Loot Bet isn’t licensed to do business there just yet. We’re hoping that will change any day now, as we’d love to be able to play it out here, but for the time being we’ll need an alternative place to bet on eSports. If you read about the Thunderpick eSports bonus, you may well find one.
So, what happens when you have played through your welcome bonus? You’re going to be wanting more bonus cash, right? Luckily, Loot Bet has you covered here too. You can actually get another 100% matched deposit up to €100 as an existing player, except this time the Loot Bet promo codes are different and the wagering requirements require bets at odds of 1.8 or greater instead of 1.7.
This is the only Loot Bet additional reward for the time being, but Loot Bet does seem to incorporate a reasonable amount of ongoing bonuses for players, so you can always check out the promotions section of the site. Although, if you’re looking for more ongoing additional rewards, check out the EGB promo codes, where new ones arise every month, allowing you to claim loads of free cash to play with!
When you sign up for a new account at Loot Bet, you can get a 100% matched deposit worth up to €100 with your first deposit. This welcome bonus might not seem as lucrative as some of its competitors, but we can tell you for the fact that it also blows some of them out of the water. Read about the Thunderpick eSports bonus if you don’t believe us!
Before you can walk away with any real cash, you’ll need to play through the initial deposit and the bonus funds 10 times. Let’s break that down. Say you put down a deposit of €100, the maximum amount for the bonus. This means you’d have €100 in cash to play with, plus €100 in bonus cash.
This means you’d need to play through €2000. This is, of course, possible. You’d just need to put down some big bets, otherwise it will take ages! Although it might be a little challenging to some players, so proceed with caution if you’re intimidated by this.
By the way, any bets you place will need to be at odds of 1.7 for the Loot Bet new customer offer.
After you’ve played through the wagering requirements, you’ll be good to go for requesting a withdrawal. Congratulations! And the best part about the withdrawal process is the fact that it’s super quick. You shouldn’t have to wait any longer than a couple of days to see the funds arrive in your bank account (or other form of payment method), and in most cases, the withdrawal should be almost instant. We couldn’t ask for more on that front.
Other than the fact that you’ll need to play through your winnings 10 times, we don’t really have any suggestions as to things to avoid when you claim the bonus. We feel that it’s pretty legit and fair! Just remember that you cannot play casino games to get yourself through the wagering requirements at this stage at time. We’re not sure why that’s the case, but you’ll need to stick to sports and eSports betting at odds of 1.7 or better.
It’s also worth noting that the €100 you receive on top of your original deposit is in bonus funds, which means that it is subject to terms and conditions and any winning bets that you make from it won’t have the original stake returned to you in the winnings. This is common, and you’ll see it in pretty much all eSports betting offers online.
Finally, remember that if you do not enter the correct Loot Bet promo codes, you won’t be able to claim the bonus at all!
The 10x wagering requirement for this Loot Bet offer is a little on the high side, but we’ve seen a lot worse. It’s important to remember that some casinos online will make you play through the bonus amount as many as 100 times, which as you can probably tell already will be quite the task.
With that by comparison, the 10x wagering requirement here begins to appear like a drop in the ocean. And that €100 isn’t a half-bad sum of cash either. The best part about it all though? The fact that you can use it on any part of the site you want to: the sports or eSports betting sections or the casino (except no wagering requirements for the latter).
As long as you can remember to enter the promo codes when required, play through the bonus in the correct ways and not spend any more money than you can afford to lose, you could do a lot worse than to claim the Loot Bet welcome bonus.
The fact that there is another similar bonus waiting for you after makes things even better.