100% up to €100
3 – 10 Days
Welcome to our Loot.Bet review.
Below you’ll find all information we managed to dig up on them. This includes details about their banking methods, betting options, promos and company background.
We didn’t find much, but what we did find is important to know before you sign up (or not!).
The review starts below.
They’re owned and operated by Livestream Ltd. You can see their license on their website.
They’ve been in business since late 2016.
Loot.Bet is brand new – they don’t have a reputation. There are few reviews online, but pretty much no reviews I’d trust. There’s nothing about Loot.Bet on Reddit, either.
Players from the following countries are not allowed:
That said, they don’t go out of the way to stop you from joining like GG.Bet does. While I didn’t try to make a deposit, I was able to create a basic account. This is unlike GG.Bet, who knew my location and wouldn’t even let me create an account.
That said, when I tried to complete my details, Loot.Bet didn’t have United States as an option. So, it looks like a basic account is as far as I’d get.
You can contact them using the following channels:
I sent them an email and they responded quickly (less than 24 hours). My only concern is that I get the impression that English isn’t their first language, which could make communicating with them difficult.
The banking options you can use include:
|Credit Cards (Visa, Mastercard, Maestro)||Free||Instant||10 EUR*||6,000 EUR*|
|Neteller||Free||Instant||10 EUR*||6,000 EUR*|
|Skrill||Free||Instant||10 EUR*||No limit|
|Bitcoin (Worldwide)||Free||Instant||10 EUR*||No limit|
|Sofort (9 countries)||Free||Instant||10 EUR*||No limit|
|Paysafecard||Free||Instant||10 EUR*||No limit|
|inPay (35 countries)||Free||Instant||10 EUR*||No limit|
|QIWI Wallet||Free||Instant||10 EUR*||No limit|
|Yandex||Free||Instant||10 EUR*||No limit|
|Moneta.ru||Free||Instant||10 EUR*||No limit|
They also accept Skinpay. All you need to do is give them your Steam trade URL. You’ll then choose which skins you want to sell, and if you’re okay with the price they offer, you accept the trade.
The currencies you can use include: USD, EUR, RUB and mBTC.
They don’t let you see their cash out options unless you send them the documents they require to verify that you are you.
So, I had to look at their HTML (website code) to figure this out.
It looks like the cash out options they accept include:
It sounds like you can get one free cash out per month. But if you cash out more often, or if you don’t play your deposit at least 2x through before you request a cashout, then they say they “reserve the right to withhold 8%, with a minimum of €4 (or equivalent in other currency) per transaction.”
This is pretty steep.
So, unless it’s real important that you can cash out, or your winnings can easily cover their fees, I’d stick to one cashout per month.
You’re able to withdraw both the bonus money and any winnings you receive. Before you can do that, though, you’ll need to wager the total amount (deposit + bonus) 10x within 6 months of your initial deposit. Bets will need to be on odds of 1.90 or higher.
The only other offer they have is something called the Weekly Winners Ladder.
Everyone who places real money bets will be included in this ladder. If you win more money than other Loot.Bet players during the week, you’ll be rewarded.
They have prizes for the top 3 winners. Here’s what they were giving away when I reviewed them:
They’ll send you an email if you’re a winner. They’ll need your Steam trade offer link so they can transfer the prize to your Steam account (which they’ll do within 3 days of account confirmation).
Other than that …it doesn’t look like they have any additional offers. Here’s one they had that ended in May 2017 to give you an idea of the types of offers they may have in the future.
This offer was called the Kiev Major 2017 Bonus.
Deposit at least €5 using any deposit method other than bitcoin. Your deposit will be matched 100% up to a max bonus of €50.
The play through on this offer is 10x the deposit and bonus on bets with odds of 1.80 or higher. You’ll have 60 days to fulfill the terms. Only once you complete the terms you’ll be able to cash out the bonus and any winnings you’ve earned.
Nothing too special – just your standard reload bonus.
It sounds like you need to spend money consistently with them. Once you spend enough, you’ll become a VIP automatically.
As for esports, you can bet on the following games:
Now, this struck me as a little odd – as I expected this to be 100% esports – but they also cover a few mainstream sports markets.
For example, you can also bet on:
We’re not going to focus on those in this review, though. Just know the options are there if you want to mix these in with your esports betting.
Now back to our regularly scheduled esports programming…
The tournaments you could bet on at Loot.Bet included:
Then you have your different markets or betting types. Some of the options I found include:
I’m sure they have plenty more, too, depending on what tournaments are going on when you’re there.
While I reviewed them, there were two matches going. Loot.Bet offered live betting on both of them, as well as live streaming of both matches via Twitch. This makes them a little unique and gives them an edge over many other bookmakers – even the more popular, traditional sportsbook brands.
Last thing – you can choose to bet in American, Decimal, Fractional and Hong Kong odds.
The min bet (in most cases) is €0.50.
You can bet from your browser. You can also bet from your phone. I checked them out using an iPhone, and it looks like their mobile site is much better than GG.Bet.
The biggest issue is that they’re brand-new. We know very little about them. There’s always that risk that comes with gambling with unknown operators.
They don’t have many offers, either. That’s sure to turn some punters off – especially those used to betting at regular online sportsbooks, like Bet365, 888 and William Hill.
That said, I think Loot.Bet is better than GG.Bet – the last esports sportsbook I reviewed. Loot.Bet has more offers than GG.Bet does. They cover a few regular sports, too, and their mobile platform is much better.
They don’t have the complaints that GG.Bet does, either, despite being almost the same age.
The Bottom Line
I think they’re okay. I’m not sure they’d be my first choice since it feels like they have a partial sportsbook and an okay esports sportsbook. It’s hard for me to figure out why I should bet here, when I could go to a regular sportsbook.
(Unless I really, REALLY wanted to make a deposit with Skinpay.)
Anyway, feel free to check them out if you want.
But, if it were me, I’d put them on the backburner until they get a few more months, or maybe a year under their belt. That’d give them some time to improve.
Bet365 has a good esports section. I’d start there if you don’t already have an account.