Loot.bet Esports Review — Is Loot.bet Legit?
Loot.bet is an online betting operator specializing in esports betting. It’s a pretty well-known name in esports circles and often sponsors top-level Dota 2 and CS:GO tournaments. The Loot.bet’s online and mobile-friendly platform allows you to wager on over 25 esports, including Dota 2, CS:GO, Valorant, League of Legends, Overwatch, PUBG, StarCraft II, and many more.
New customers on Loot.bet can take advantage of a 100% welcome bonus after depositing for the first time. The bonus also includes 35 Loot Luck free spins after wagering the bonus amount.
If you wish to learn more about this operator, such as its range of markets, quality of odds, details surrounding bonuses and promotions, accepted payment methods and currencies, and more, you’ve landed on the right page. Our esports betting experts took a deep look at Loot.bet and its offers and wrote a comprehensive review that will hopefully help you decide whether this esports betting site is the right choice for you.
Pros and Cons
- Solid welcome promotion
- Below average odds
- 25+ esports & great user interface
- No mobile app
- Cryptocurrency-friendly & live streaming
Loot.bet Esports Bonuses and Promotions
Loot.bet has several interesting promotions prepared for its new and regular customers. However, note that the promotions you read about here are the ones we found when writing this review and that they are prone to change.
Loot.bet Esports Welcome Bonus
As a new customer of Loot.bet, you’ll be eligible to receive a 100% bonus up to $100 (or currency equivalent) after completing the first deposit of at least $20 and using the bonus code LOOT. In addition, you’ll get 35 Loot Luck free spins.
The bonus comes with 10x wagering requirements (deposit + bonus). You must wager the bonus and the deposit sum within 15 days after claiming the offer. Only those bets with the odds of 1.59 (-170) will count toward wagering, including all combo bets.
You cannot wager the bonus funds only, as the deposit and the bonus sum represent a single balance. A withdrawal request made prior to clearing the wagering requirements will delete the bonus. Once you complete the rollover, you’ll receive 35 Loot Luck free spins.
This welcome bonus is specifically designed for esports, meaning that you cannot use it in the regular sports section.
Loot.Bet Ongoing Promotions
Apart from a generous welcome bonus, Loot.bet has several other promotions that appear periodically. Again, these promotions are usually short-term or relate to specific tournaments that ran at the time of writing this review, so make sure to check the promotions page on Loot.bet to see whether these promos are still valid.
A promotion called Summoner’s Gift allows players to grab a 100% bonus of up to $120 after using the bonus code LOL. The deposit sum and the bonus come with a rollover of 22x. After completing the rollover, you’ll receive a $25 free bet. The bonus must be used and wagered within 15 days, and the wagering is only valid on odds of 1.59 (-170) or longer. Just like the welcome bonus, this promotion is only available for esports betting.
Another promotion we came across is a 15% cashback that players can activate with the promo code SPORTS. Once the promotion is activated, you will receive 15% of the cumulative losses over the following week, up to a maximum of $120. The minimum odds for the cashback bonus are 1.3 (-333) or greater. Unfortunately, this promotion is only available in the sports section, not esports betting.
Loot.bet features daily quests to win free bets and free spins. There are also ladder prize pools that reward top depositors with cash prizes and free bets.
Loot.bet Important Bonus T&C
All bonuses on Loot.bet come with a set of terms and conditions that you should know to use the promotions correctly.
Here are some of the key T&Cs relating to the operator’s welcome bonus:
- The minimum deposit is $20.
- The maximum bonus funds are $100.
- You must use the promo code LOOT to unlock the offer.
- The wagering requirements are 10x, counting both the deposit and the bonus.
- Only odds of -170 or longer count toward the rollover.
- Upon completing the wagering, 35 Loot Luck free spins are credited to your account.
- The bonus is only available for esports betting, not regular sports.
- The validity period of the bonus is 15 days.
- This welcome bonus is exclusive to new members of Loot.bet that haven’t made a prior deposit.
Just like the bonuses themselves, the terms and conditions are prone to change. Make sure to always read the T&C of every bonus on Loot.bet before using it.
Loot.bet Esports Betting Markets
Loot.bet is a dedicated esports betting site featuring more than 25 esports with up to dozens of competitions for each. The website provides easy and intuitive navigation that will help you pinpoint the competitions and teams of your interest.
At the top of the homepage, you’ll find a bar displaying the most popular games, and by clicking on More Games, you’ll see a grid showing every esport currently available on the site. By scrolling down, you’ll see a list of all live and upcoming matches. You can choose the Tournaments tab to find all matches of a given competition, as well as the Outrights tab that will provide you with all available futures bets. There’s also a search bar that helps filter out specific teams, which is a rather useful feature we haven’t noticed on many other esports betting sites.
Here’s a list of all available esports on Loot.bet:
- AOG
- CS:GO
- Call of Duty
- Dota 2
- Dota Underlords
- FIFA
- HALO
- Hearthstone
- Heroes of the Storm
- King of Glory
- League of Legends
- League of Legends WR
- Mobile Legends
- NBA 2K
- NHL
- Overwatch
- PES
- PUBG
- Quake
- Rainbow 6 Siege
- Rocket League
- Smite
- StarCraft
- StarCraft II
- Street Fighter V
- Tennis
- Valorant
Loot.bet Types of Esports Bets
Loot.bet features a wide range of bets, although the choices heavily depend on the match and tournament in question. Sometimes, there are hundreds of betting options for the most popular CS:GO, Dota 2, and League of Legends matches, from match and map winners, to prop bets relating to specifics like kills odds/even, total towers destroyed, most kills handicap, and many more.
However, you will find only a couple of standard bets, and some niche esports only come with the match winner bet. The option to bet on outright winners is available in several competitions.
Live Betting on Esports with Loot.bet
Most competitions featured on Loot.bet are available for live betting. You just need to select the Matches tab on the homepage to see all ongoing matches at the top of the list. Each match can have dozens of betting options, from match winner, map winner, to various esport-specific wagers.
Live Streaming of Esports Events with Loot.bet
You won’t have to go to another site if you wish to stream the most popular esports events while betting. Loot.bet features free Twitch streams for almost all events, and there are no requirements for watching. You can even watch live streams before creating an account. All you need to do is click the LIVE button next to the live match, and the embedded Twitch stream will load up.
Loot.bet Esports Odds
The odds on Loot.bet are slightly below average compared to other major esports betting sites. We found that most 50/50 markets come with the odds of -115 (1.87) on either side, although you will surely run into some exceptions.
How to Register and Claim Loot.bet Intro Offer
You don’t have to run through hoops to claim the welcome bonus on Loot.bet. The registration process is incredibly easy and it will only take a few minutes. Here’s what to do:
- Follow the link in this review to go to Loot.bet and click the Register button.
- Enter your email and password, tick the box claiming that you agree with the website’s terms and conditions, and continue. You can also register using your social media accounts, namely VK, Facebook, Google, Twitch, or Steam.
- Follow instructions on how to verify your account.
- Go to the Deposit Funds tab, choose a preferred currency, a payment method, and type in a sum you wish to deposit. Make sure to also enter the bonus code in the appointed field.
- Once the deposit goes through, the bonus credits should immediately appear on your account.
Loot.bet Banking
Loot.bet allows making deposits and request withdrawals using various methods and currencies. Fiat methods that work with USD include Visa, Mastercard, Skrill, Neteller, EcoPayz, Trustly, SkinPay, WebMoney, and many other country-specific options. As for cryptocurrencies, you can use mBTC, ETH, BCH, and LTC.
Minimum deposit and withdrawal limits depend on the selected method and currency, but they are around $10 for most options. The monthly withdrawal limit is the USD equivalent of €10,000. You can request withdrawals using the same method used for the previous deposit.
There are no fees as long as you wager your deposit amount at least once. Otherwise, all withdrawals will come with an 8% service charge. Withdrawals are usually processed quickly but can sometimes take a few business days.
Note that you will have to verify your account to extend your limits. Otherwise, the single withdrawal limit will be just €0.10. The account verification follows standard KYC procedures. You’ll need to provide a scan of your national ID card, passport, or driver’s license along with the scan or a photo of your credit/debit card with the first six and the last four digits visible, and only if you plan on using that card for making deposits. Verification can take up to 24 hours.
Licensing and Security
Loot.bet is owned by Livestream Gaming Ltd, a company registered in Belize, while it’s operated by a Cyprus company Livestream Ltd. It holds a Curacao license (365/JAZ) issued by Gaming Services Provider N.V.
All information you share with Loot.bet is secure and safe. The operator uses the latest online security protocols that will put your sensitive data out of harm’s way.
Loot.bet Customer Support
Loot.bet has a 24/7 available customer support, accessible via multiple channels. If any issues should arise, you can activate the live chat by clicking on the icon in the bottom right corner. Just type in the message, and you will typically get a reply within a few minutes. You can also send an email to support@loot.bet or call +357-22-008790.
Final Verdict on Loot.bet
Overall, Loot.bet is a solid esports betting platform. Its main advantages are the wide range of markets, valuable bonuses and promotions, and a neat-looking website with plenty of useful features. There are plenty of matches to bet on, with some of the most popular ones featuring hundreds of different ways to construct your wager. The operator also accepts a variety of currencies and payment options, including cryptos.
Despite all these words of praise, Loot.bet still has some room for improvement, especially when it comes to odds that seem less than ideal on most markets. There’s also the fact that there’s no dedicated mobile app, although the mobile-browser site works just fine. Nevertheless, if you disregard these minor downsides, you’ll find that Loot.bet is an above-average esports betting site with plenty to offer.
FAQ
Is Loot.bet safe?
Yes, Loot.bet is a completely safe website that promises to protect your personal information using all the standard security protocols. The website has a Curacao license.
Does Loot.bet have any esports bonuses?
As a new player on Loot.bet, you can take advantage of a match deposit bonus that also comes with free spins for the exclusive Loot Luck game. Several other promotions are available later on.
How old must I be to create an account on Loot.bet?
All account holders must be at least 18 years old.
Does Loot.bet have a mobile app?
Regrettably, Loot.bet doesn’t have an app, but you can still access your account through a mobile browser.