Loot.bet Review for Esports Betting
Bonus: 100% up to €1000 Total Bonus Offer
Anybody with an interest in esports betting will need to read our Lootbet review. This esports betting site have quickly become one of the best places to bet on Counter-Strike Global Offensive and we are going to tell you why.
Loot.bet was started by Livestream Limited in 2016. The betting site are based in Cyprus and their esports betting service is available in many European countries. You will probably know the Loot.bet brand name thanks to hugely popular Loot.bet Cup that sees 22 top CSGO teams going head-to-head.
But how safe is Loot.bet? Scam websites are unfortunately a common feature in the esports betting scene. But our Loot.bet review will tell you all about the brand’s licensing so that you know exactly where you stand when you bet on esports at this site.
€1000 welcome bonus found in our Lootbet review
If you are a brand new customer who signs up to Loot.bet, then you could be in line for getting a bonus worth up to €1000. This welcome esports bonus offer can be claimed simply by registering your account and entering the Loot.bet bonus code LOOT while you make your qualifying deposit. This means having to deposit at least €10 with any payment method, including cryptocurrencies.
By doing this, you could see your first deposit matched by 100% up to €1000. This is one of the biggest esports betting bonuses that we’ve come across, but we all know how it’s a bonus’ wagering requirements that reveal its true worth.
The Loot.bet bonus wagering requirements state that you have to bet the value of your deposit and bonus twenty times by making bets on odds of 1.69 or more within 14 days. Not the easiest of tasks, but still a decent way to get more from your CSGO bets.
As well, you will get a €100 free bet once you complete your x20 times Bonus + Deposit rollover.
Terms and conditions apply, 18+.
Massive amount of esports tournaments featured here
So what kinds of Counter-Strike bets does this website offer? Our Loot.bet review found that the brand will give you odds for CSGO tournaments like the BLAST Pro Series, ESL and DreamHack Masters.
It’s also worth mentioning that Loot.bet serve up an outrageous amount of betting markets for each CSGO clash. Alongside match winner bets, you can bet on markets like molotov kills, killed by knife, grenade kills, method of winning, round winner, first kill, and much more. All of which shows that Loot.bet definitely take Counter-Strike betting very seriously. If you’re an avid CSGO bettor, you’ll also be pleased to know that Loot.bet offers Valorant tournaments as well.
Get live chat help with your esports bets
Our Loot.bet review has found that the brand’s esports betting site is pretty intuitive to use. But if you need any help with things like putting down your CSGO bets or even making your withdrawals, then it’s easy to get in touch with the Loot.bet customer service team.
The easiest way to do this is to click on the live chat tab that’s found at the bottom right of the Loot.bet site. This brings up a live chat box where you can type in your queries and Loot.bet state that one of their team will get back to you in a matter of minutes.
Loot.bet also include an email support address, as well as a Cyprus-based telephone hotline number. The betting site has a small FAQ section that addresses common questions regarding things like deposits and withdrawals.
Loot.bet features a range of real money payment methods that include popular payment brands like Visa, MasterCard, Skrill and Neteller. You should also know that Loot.bet allows you to use some cryptocurrencies. Depending on where you reside you’ll also be able to deposit with a number of local payment options including the following:
- Brazil – PIX, Boleto, EcoPayz and Skrill
- Japan – Bank transfer and crypto (BTC, ETH, BCH, LTC)
- Canada – Crypto (BTC, ETH, BCH, LTC)
- Philippines – Gcash, GrabPay and PayMaya
- India – EcoPayz, Skrill and Neteller
- Indonesia – Virtual account, Bank Transfers and DANA
- Malaysia – Bank transfer, Skrill and CoinsPaid
Loot.bet say that all withdrawals will be transferred within 72 hours, and you won’t have to endure any fees. The maximum withdrawal amount has been set at €10,000 each month.
SECURITY AND SAFETY
Is this a Loot.bet scam site?
There are unfortunately a few shady sites out there in the esports betting world. So we were keen to see if Loot.bet scams their customers, or whether they offer a safe and fair betting service.
We found that the brand were licensed by the Government of Curacao. This means that Loot.bet have to deliver a provably fair and safe service, otherwise they could get their online gambling license revoked. Sadly this license means that customers based in countries like the UK, France, the USA and the Netherlands can’t bet here.
As Loot.bet is PCI DSS compliant it means that it has a set of security standards necessary to handle payments with reputable brands like MasterCard and Visa. All in all, it seems that Loot.bet is a legitimate business who want to give you all of the online security necessary to enjoy your CSGO bets.
Who has the best esports odds?
We put the Loot.bet esports odds up against those of STSBet for a Blast Pro Series match between Natus Vincere and MIBR. Unsurprisingly, Natus Vincere were the favourites at both sites. Our odds comparison test found that STSBet had odds of 1.53 for a Natus Vincere win, which were marginally better than Loot.bet’s odds of 1.44.
If you fancied MIBR to cause an upset, then Loot.bet’s odds of 2.85 were also narrowly beaten by STSBet’s odds of 3.01. This is obviously just one odds comparison test, but it shows why it’s essential to shop around to make sure that you are getting the best Counter-Strike odds possible. Plus you have to remember that Loot.bet have one of the best esports bonuses on the market.
INTERFACE AND DESIGN
Good looking site makes esports betting simple
The Loot.bet site features a dark and atmospheric style that’s perfectly suited to some CSGO betting. It includes a navigation bar that allows you to focus on the upcoming Counter Strike matches and then you can place your bets in just a couple of clicks.
There’s no Loot.bet mobile app currently available. But we found that the Loot.bet site was easy to use on a smartphone, and you could log in, make deposits, place CSGO bets and withdraw your winnings from the convenience of a mobile.
Free live streaming to supercharge your live esports bets
Live betting is a central part of Loot.bet’s appeal, and they have made sure that each CSGO match gets free live streaming courtesy of Twitch. This live streaming channel is embedded into the page so that you can watch the action while you check out the in-play odds.
In terms of the live betting markets, Loot.bet look like they allow you to take a live bet on options like match winner, map winner and pistol round winner. All of which shows that Loot.bet’s live betting platform more than matches those of the best CSGO betting sites.
Will Loot.bet put a cap on your winnings?
Nearly all esports betting sites have betting limits in place to stop them going bust if you manage to win big. Loot.bet state that they reserve the right to change the maximum and minimum bets for each esports market on offer.
There’s nothing in their terms and conditions about maximum winnings, but the fact that you can only withdraw €10,000 from Loot.bet each month should give you a good idea of what to expect.
OTHER SPECIAL FEATURES
Only esports bets and bonuses available at Loot.bet
As Loot.bet is purely an esports betting site, it means that they just have odds for games like LoL, Overwatch and CSGO. Casino gamers and sports betting fans should probably look elsewhere for their online gambling entertainment.
The other esports that you can bet on include League of Legends, Dota 2, StarCraft 2, Rainbow 6, Call of Duty, FIFA, NBA2K, Hearthstone, Heroes of the Storm, Overwatch, King of Glory, Dota Underlords, Rocket League and Playerunknown’s Battlegrounds.
Strong showing in our Loot.bet review
Loot.bet clearly love CSGO and they offer a massive amount of betting markets for all top Counter Strike tournaments. Their odds might have suffered in our comparison test, but the Loot.bet bonus more than makes up for it.
Hopefully Loot.bet will work on their licensing in the future so that more gamers get to use their CSGO betting service. But until then, it’s a positive start for Loot.bet.