Is Loot.bet legit across the world?
Welcome to our Loot.bet reviews here at Strafe.com, where we guarantee to give you fair and honest information. Loot.bet is an awesome esports betting site that now also offers regular sports betting and online casino games along with it.
On top of all that, Loot.bet also boasts an excellent welcome bonus that boosts your first bets on esports and regular sports markets, as well as free spins to use on a selected casino game. This means you can test out the whole site as part of your bonus without having to choose - not bad!
- Quality selection of esports betting markets
- Regular sports betting now also available
- Good amount of deposit options
- Anonymous betting available
- No mobile app - optimised webpage only
- Not available in the UK
The Loot.bet welcome deposit bonus gets you a matched deposit bonus worth up to the value of €100 plus 35 free spins to be used exclusively on the game Loot Luck. In order to claim this bonus, you simply have to use the bonus code LOOT when making your first deposit after signing up and creating your account. The minimum deposit amount is €10 and the maximum is €100, or the equivalent in your currency of choice.
Bonus Terms and Conditions - They’re Pretty Fair
Is Loot.bet esports legit when it comes to this bonus? Absolutely, but there are a few terms and conditions that you need to look out for. Your funds from this offer are automatically credit into the bonus balance in your account. In order to transfer them into your real cash balance, you need to meet the roll over requirement by making single or combo bets at odds of 1.79 or greater that equate to 10x your bonus and deposit amount. The time limit in which you have to do this is 15 days.
Your 35 free spins will be credited to your account once your wagering requirement has been met and don’t have any bonus conditions of their own. If you’re interested in checking out some other bonus, then take a look at our Arcanbet Reviews here.
Overall, the Loot.bet website is easy and user-intuitive when it comes layout and navigation. If you’re making the jump from regular sportsbook betting to esports, you should feel right at home here. Those of you who are completely new to betting might need to take a bit of time to get used to how the site works, but it’s not overly-complex. The setbacks are only minor and come in the form of minute details - we’re very strict with our Loot.bet reviews. For example, the online casino section of the website is called “Games” rather than simply being called “Casino”. It’s not something that’s going to put you off using the site, but just a somewhat irksome detail.
In terms of design, you’re looking at a black background, peppered with splashes of green here and there. Overall, this is a design that’s very much befitting of an esports betting website, and sportsbooks in general. The odds and betting markets are generally well displayed, however, the list can be a bit lengthy. If you’ve never placed any form of sports or esports bet, you may find it a little bit confusing at first.
Unfortunately, there isn’t a dedicated esports mobile betting app available at the minute, which isn’t too much of a setback actually. The mobile optimised website works almost flawlessly on both tablets and mobile phones, without the need to take up precious memory space. The website works just as well on the small screen as it does on the desktop without any real problems with loading times or lagging.
For sites with dedicated apps, check out our Unibet reviews and William Hill reviews.
There are a fair number of payment methods that you can use to make deposits and withdrawals on Loot.bet. In addition, you can choose between a number of global and crypto currencies. As well as Euro and USD, you can also make deposits using the Russian Ruble, Brasilian Real and a handful of other currencies. When it comes to cryptos, at the time of writing you have the choice between BTC, ETH, BCH and LTC.
In terms of the payment methods available, you can choose between everything from your regular credit/debit card payments, to crypto wallets and e-payment solutions including EcoPayz, Skrill and WebMoney, to name but a few. Unlike some other betting sites, deposits made using Skrill don’t exempt you from claiming the welcome bonus - always a box ticker!
The withdrawal options are more limited than the deposit options, which according to the terms and conditions, is due to their anti-money laundering policy. This is a fairly common practice so we will give Loot.bet the benefit of the doubt here. In order to avoid withdrawal fees, you need to turn over your deposit amount at least once. For your first withdrawal, you may be required to provide documents for verification. Is Loot.bet esports legit? Yes, all of the aforementioned is fairly common practice.
The customer service was never going to be on a par with that found in our 888 Reviews, but it isn’t half bad. The customer service team are contactable 24/7 via either live chat, phone and email. This isn’t a bad selection for a modern esports betting site that uses crypto - often, such similar sites limit you to live chat only.
All in all, the live chat service is good and can be used by non members without the need to provide details. Additionally, you can attach files to the chat, meaning for more complex enquires you don’t necessarily have to go through the more length process of email communication. The phone line is a regular Cyprus number and put us through to a helpful team member fairly quickly.
Help Center and FAQs
Any setbacks here? With the customer service itself, absolutely not, however Loot.bet could make life easier for their customer service team if they improved their FAQs or added a help center. Compared to some of their competitors (see our NetBet review), the FAQs on Loot.bet are a little disjointed and lack a lot of key information. For example, to find out details about specific payment methods, we had to contact customer service via the live chat as the site itself lacks clear information. Thankfully, the excellent customer service makes up for their shortfall here.
In terms of regulation, Loot.bet is run out of Cyprus and holds a Curacao license, which means their operation is legit and safe. They do however, have some exempt jurisdictions, most notably the USA, UK and the Netherlands. When it comes to payment security, Loot.bet is 100% compliant with global payment industry standards and encrypt transactions so you know that your payments can be done safely. They also have a seal of approval on the the site certifying their data protection standards.
Loot.bet is also a member of ESIC, an organisation who are committed to the prevention of cheating in esports, including in the games themselves and when it comes to betting from both the side of the operator and you the customers. If you have any issues related to data protect, Loot.bet do have a Dat Protection Officer (DPO) who can be emailed directly.
Loot.bet has a loyalty programme in the for of the Ladder, which you can take part in by placing single or combo bets and earning XP points. The amount of XP points you have is equal to the sum of your total winnings from all of the bets you’ve placed with Loot.bet. There are 100 winners every Monday, with bigger and better prizes given out on weeks when there are more high profile esports competitions globally. The top prizes come in the form of cold hard cash, while there are free bet prizes for those lower down the league table.
At first, you’ll be able to enter the regular Prize Pool, with the more frequent bettors, and those with higher XP points able to enter the Ultimate Prize Pool. The top cash prizes can reach as high as €3,000 Euros! In addition to the weekly prizes on Monday thanks to the Ladder, you’ll find out deposit promotions rolled out for special esports events. You can find these promotions in the “Promo” tab.
Overall, it’s fair to say that Loot.bet is a getting a rubber stamp of approval from us here at Strafe.com. We would definitely recommend using this site, so long as you’re from within the site’s jurisdiction - which is global, just lacks a few key areas. Not only is the esports betting service excellent, you also have the side opportunity to bet on sports and play casino games. However, unlike the big betting brands like 888 and Bet365, Loot.bet is an esports betting site first and foremost, making it a better option for esports fans who also like a flutter elsewhere.
Not available in your state yet? Stick with us for the latest LOOT.Bet expansion news here at Strafe!
Loot.bet Reviews FAQ
⚖️ Is Loot.bet legit?
Esports betting is fairly new when compared to other betting sites such as online casinos, sportsbooks and poker rooms. However now a great many gambling licenses have brought esports betting under their remit, meaning there are more legit operating websites. Find out more about Loot.bet’s license and esports betting licensing in general here at Strafe.com.
🏧 How do I withdraw from Loot.bet?
There are less options for withdrawal than deposit with Loot.bet, but the good news is that the withdrawal process is as simple as it is with most regular betting sites. You may, however have to submit your documents for verification which is normal but might delay your first withdrawal. You can find out more about how esports betting payment work here.
🎮 What esports are available with Loot.bet?
Loot.bet is aan esports betting site first and foremost, however the recently also introduced other things including sports betting and online casino gaming. If you want to find a full list of esports and sports betting markets with Loot.bet, as well as the types of casino games available, we’ve got a solution for you. Simply head to this Loot.bet Esports Betting Review here at Strafe.com to find out more.