Loot.bet review for Esports betting – Is Loot.bet legit?
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The Loot.bet CSGO betting service is known to be top-class, but how good is this esports betting site at LoL betting? That’s the key question in our Loot.bet review, and we’re going to tell you how good their League of Legends odds are, and what you get for using a Loot.bet bonus code.
Is Loot.bet legit? Our Loot.bet review will answer this important question by looking at the brand’s licensing, payment methods and customer support. The Loot.bet site is owned by Livestream Limited who are a Cyprus-based company.
They’ve been running Loot.bet since 2016, and the betting site has already sponsored renowned Dota 2 tournaments and the Loot.bet CSGO Cup is also a key fixture in the esports scene. But it’s time to see how good this site is for League of Legends betting, so keep reading our Loot.bet review to find out more.
- Good Esports odds
- Free live streaming
- Huge welcome bonus
- Live chat customer support
Loot.bet Bonus Code
Like all decent esports betting sites, Loot.bet have a great bonus offer for new customers. This comes in the form of a matched deposit deal that can boost your first deposit by 100% up to €1000.
So how do you get the Loot.bet welcome bonus? First, you’ll have to register your account with the site, and then make a qualifying deposit. This needs to be at least €10 and you can use any payment method except for a cryptocurrency. This is also the point where you have to enter the Loot.bet bonus code LOOT to activate the special offer.
The Loot.bet bonus will then be added to your account, but you can’t withdraw any of the bonus funds until you meet the wagering conditions. This demands that you have to bet the full value of your bonus and deposit at least 20 times. Only bets made on odds of 1.69 or higher will go towards clearing your bonus. You get 14 days to complete this task, otherwise your Loot.bet bonus will be declared void.
After spinning your first deposit bonus, you’ll automatically receive an additional €100 Free Bet to use up in 10 days.
Terms and conditions apply, 18+.
Loot.bet Welcome Bonus
| Online Esportsbook | Loot.bet Esportsbook |
|---|---|
| Loot.bet Promo Code | LOOT |
| Bonus Offer | Get 100% matched bonus on your first deposit, up to €1000 |
| Min Deposit | €10 or higher |
| Wagering Conditions | Wager the bonus value 20 times over odds of 1.69 or higher |
| Valid Days | 14 |
| Extras | €100 free bet |
Esports Betting Markets
Enjoy lots of options for your esports bets
As Loot.bet is a dedicated esports betting site, then it shouldn’t come as too much of a surprise to find that they serve up lots of odds for the world’s most popular esports – Counter-Strike, Dota 2, League of Legends and Valorant – and a nice selection of lesser-known titles. In the course of our Loot.bet review, we found that they covered a good cross-section of esports tournaments at different levels.
In terms of betting markets, Loot.bet allow you to take bets on many different aspects of each match. You will find bets for things like match winner, correct score, handicap betting too and prop bets.
Loot.bet also provide betting markets for each map too. In the case of League of Legends for example we found betting on the winner of each map, we found wagering on things like team to draw first blood, team to slay the first dragon or baron, and team to destroy the first tower or inhibitor. There are also bets for the race to five, 10, 15 and 20 kills, as well as total barons slain and so on.
Awesome live streaming for in-play betting
We also found free live streaming at Loot.bet. The brand includes a Twitch stream for each of their LoL in-play bets which means that it’s so much easier to land a winning live bet.
Loot.bet don’t offer too many statistics regarding each team’s past form. But they gave you an excellent amount of live betting markets for each clash. All of this shows that Loot.bet can give you a live betting service that is fun and capable of helping you land some decent profits with your LoL bets.
Esports Odds
Does Loot.bet have good LoL betting odds?
Our Betway review found that this brand serve up excellent LoL odds, and we were keen to see if Loot.bet could do the same. We carried out an odds comparison test between Betway and Loot.bet for the LEC League of Legends match between Splyce and Fnatic.
For a Fnatic win, Loot.bet had LoL betting odds of 1.14 which were nearly as good as Betway’s odds of 1.15. For a Splyce victory, Loot.bet gave you odds of 5.20 that were way better than Betway’s price of 4.75.
How much can you win with you LoL bets at Loot.bet?
Loot.bet don’t include any information about betting limits in their terms and conditions. We found some information that stated that they reserve the right to set the minimum and maximum bets for each esports match according to the event.
However, it’s worth mentioning that Loot.bet only allow you to withdraw up to €10,000 each month. This should give you a good idea of how much you can win with a single League of Legends bet here.
Interface and Design
Making esports betting easy
Loot.bet’s site is easy to use and quick to load. There’s a useful navigation bar showing you all of the Loot.bet CSGO, LoL, Overwatch odds so that you can easily browse to find your preferred League of Legends match. The esports betting site also had handy tabs for logging in, contacting live chat and so on.
There’s no mobile app for Loot.bet yet, but the site proved to be straightforward to use from the browser of a smartphone or tablet.
Payment Options
Real money payment options plus cryptos
Loot.bet put on a good amount of payment options for funding your LoL bets. These include credit and debit cards such as Visa and MasterCard, as well as e-wallets like Skrill and Neteller. If you are a fan of cryptocurrencies, then Loot.bet also facilitates these. Check out the local payment options available for the following countries:
- Canada – Crypto (BTC, ETH, BCH, LTC)
- Philippines – GCash, GrabPay, PayMaya
- Brazil – PIX, Boleto, EcoPayz, Skrill
- India – EcoPayz, Skrill, Neteller
- Indonesia – Virtual account, Banking, DANA
- Malaysia – Banking, Skrill, CoinsPaid
Loot.bet won’t charge you any money for making withdrawals at their site.
Customer Support
Easy ways to get in touch with Loot.bet
What is the best way to talk to Loot.bet? You’ll find a great live chat channel at the bottom-right of the Loot.bet website. This brings up a live chat box, and then you just have to type in your query, and Loot.bet say that one of their team will get back to you in a few minutes.
The footer of the Loot.bet website also contains a couple of other contact methods. There’s a dedicated email support address, as well as a customer service telephone number. Bear in mind that this telephone number is for the Loot.bet HQ in Cyprus.
Loot.bet have also included a fairly basic FAQ section. This is good place to take a look if you want to know any answers to standard questions about creating an account, making a deposit and so on.
Licensing & Security
Is Loot.bet legit in its licensing?
The fact that Loot.bet are licensed by the Government of Curacao means that customers in the UK, the USA, the Netherlands and France might not be able to use their LoL betting service. But if you are in one of the permitted countries, then the license should be able to give you plenty of customer protection.
The Loot.bet site is also PCI DSS compliant which means that your deposits will stay in good hands. The esports betting site also have a few responsible gambling tools to help you keep your League of Legends betting under control. So is Loot.bet legit? It certainly seems so.
Extra Features
Lots of Loot.bet CSGO bets and much more
There’s no casino games or sports betting options at Loot.bet. However, the brand serve up great odds for over a dozen esports.
So if you ever want to bet on Counter Strike Global Offensive, Valorant, Overwatch, Dota 2, StarCraft 2, Rainbow 6, Call of Duty, Hearthstone, Heroes of the Storm, FIFA, NBA2K, Dota Underlords, Rocket League, King of Glory or Playerunknown’s Battlegrounds, then give Loot.bet a try.
Key findings in our Loot.bet review
Loot.bet are an excellent League of Legends betting site. Although their licensing means that customers from places like the UK can’t access their LoL bets, we hope that Loot.bet work on this in the future.
If you are lucky enough to access Loot.bet, you’ll find a massive amount of competitive LoL odds with free live streaming. Plus the Loot.bet welcome bonus is excellent value, so be sure to give them a try.
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