Managed by Livestream Ltd and based in Cyprus, Loot.bet are a new online bookmaker offering punters the chance to wager on a number of eSports markets. The platform has certainly been designed with electronic gaming fans in mind, with professional eSports events taking centre stage. During this Loot.bet review we found the company offer a smooth betting experience, coupled with plenty of details on the tournaments featured and good value odds. They have a wide range of eSports to choose from, with new games appearing all the time and a good selection of markets. Unlike many other bookmakers, they offer bettors the chance to top up their accounts using gaming skins and bitcoin payments.
On the Loot.bet interface you will find a good selection of competitive games; up to sixteen in total, although new titles are added regularly.
We looked into the odds quality for this Loot.bet review and were pleasantly surprised. Considering they are new to the industry and still a relatively low-volume bookmaker, Loot.bet work to a margin of 5.6%. Although, you can search the site for markets that offer even better value odds. Classic Sports aren’t pushed in the same way as eSports on Loot.bet, but somewhat surprisingly you can still find matches with respectable odds, though the choice of events is limited.
A glance at the markets offered for eSports events reveals a comprehensive list which includes all the titles you’d expect, and most of the world’s tournaments. At any one time there are around 60 matches to place your bets on, and test your specialist knowledge of the game. While researching this Loot.bet review we saw battles with ten differing betting possibilities.
The most popular with beginners are match winners and map winners, which are a straight forward win/lose wager, but you can also progress on to more complex bets when you’re ready. These include whether there will be an even or odd number of bouts, the number of kills, first blood, winner of a shootout round and the first team to reach ten kills.
You have the opportunity to place bets on Counter Strike: Global Offensive, Starcraft, League of Legends, Dota 2 and many other games which have not yet become so established. Check out Smite, Hearthstone and Overwatch if you feel like a break from the bigger titles
Using the LOOT.BET website
Loot.bet has a contemporary feel and the website is certainly geared toward a gaming vibe. The background of muted black gives way to large, colourful, edgy graphics. Games are signposted with small badges and through the centre of the screen is a navigation bar, this shows all the various eSports that you can bet on here. At the very end of the list there’s also a link to Classic Sports. It looks like it’s been added on as an afterthought, but that’s to be expected from a platform which is all about eSports.
CS:GO Tournaments at LOOT.BET
You can click on a game to view any current or upcoming live events, along with a full list of pre-match wagers. If you see something you like, click the plus symbol to the right to view each bet available on that tournament. Make a selection and if you’re already logged in you’ll see the details on a ticket to the right. Here you can type in the stake you want to place and see what your profit could be, if you make an accurate prediction. You can also use a search bar in the middle of the page, to find individual teams, or hit Tournaments to look for events featuring a particular game, or all games.
Dota Match at LOOT.BET
The user dashboard may not be the most intuitive, as most allow punters to simply click on a stake rather than typing one in, and the central ribbon cannot show the complete list of games due to space restrictions. However, as part of this Loot.bet review we were able to find what we needed and overall the experience was good.
Betting Coverage, Live betting and Live Streaming
Loot.bet provides its members with pre-match and live betting on eSports, but also traditional sports like volleyball, handball, ice hockey, basketball, tennis and football. However, after just a few moments on the site, you’ll see that the interface is far more geared toward eSports betting.
Live betting is arguably the most exciting development to hit the online gaming industry over the last few years. Very quickly it has become commonplace, as the technology to make it happen is more widely available. Also known as in play betting, live betting is a service that provides punters with odds on eSports competitions from across the globe.
LOOT.BET In-Play Betting
Until recently, live betting was mainly confined to the biggest markets, on traditional sports like football and rugby. But an in-play option is now more common on eSports. Using the information and statistics provided by Loot.bet, people can place stakes during the action, depending on how they feel a particular team, or player, is performing. The live betting system adds dynamism to the process of betting and streaming makes any event feel far more immersive.
To watch a stream of an event you are betting on at Loot.bet, there’s an embedded link to the Twitch platform. Just look for the games marked ‘Live’ then click on the play icon. You can watch even when you aren’t logged in to an account, or as a non-member. Twitch broadcast a huge range of gaming tournaments and other content for the eSports community, like behind the scenes chats with the players.
Bonuses offered at LOOT.BET
To get hold of their generous welcome bonus, just enter the code LOOT when you make a deposit for the first time. Your deposit will then be doubled, up to a value of €100. To qualify for the promotion, you’ll have to top up your account by at least €5, or the equivalent in GBP. You can use any payment method other than bitcoin to complete the transaction. Once you accept the 100% bonus, there are requirements which will have to be met. Primarily, you have to place bets totalling ten times the full amount of the bonus and your cash deposit, within 180 days of making the payment into your account.
Bets with odds of 9/10 or more count toward the total, so long as they have been fully settled with either a loss or a win. If you’ll be placing combination bets, they also count, but only if each individual selection has odds of 9/10 or more. You’ll only be able to withdraw funds from your account when these requirements are met in full. It’s worth bearing this in mind before you sign up for the bonus, because although 100% extra is a considerable boost to any deposit, if you don’t meet the requirements within the allotted time, your bonus, your winnings, and your cash deposit are lost.
Each week Loot.bet rewards its most active players with sought-after Dota 2 inventory items and CS: GO skins. To be in with a chance of winning, you’ll have to place real money bets and be a regular winner over a seven-day period. This will earn you a place on the Weekly Winners’ Ladder. If you have had more wins than other members by the end of the week you’ll be given their top prize, but you can also be awarded for coming in second or third place. To see if you are a winner, look out for updates on a Monday. These are found in a table on the right side of the page. The winners are also sent an email congratulating them and advising them of the prizes on offer. Once you have picked a reward, it is transferred to your Steam account within three days. You only have one week to claim the prize, so keep an eye on your inbox for a message from [email protected] each Monday.
Stay in the Loop
Like the vast majority of online bookmakers, Loot.bet communicate with their customers using email. You’ll need to provide them with an active account as part of the setup process and keep them informed of any changes to your email address. This ensures you can maintain your own personal security, by resetting your password regularly for example, and hear about any offers from Loot.bet as they are announced. Also, if there are ever any problems with a payment or a withdrawal, the bookie will use your email address to let you know what’s going on. Loot.bet send out a regular newsletter with updates on their forthcoming promotions and information about betting, so don’t treat their mail as spam or you could be missing out.
To make a deposit into your Loot.bet account, start by logging in and navigating to the deposit page. Use the drop-down list of payment options to select one which suits you and follow the instructions to top up your account. You can use credit and debit cards, including Diners Club, Visa and MasterCard. Or you can go for an online service like iDeal, Neteller, or Skrill.
Alternatively, you can pay for bets using a service called Skinspay. This enables you to add funds by selling virtual items from your Dota 2 inventory, or skins from CS: GO. To begin, choose Skinspay from your payment options and type in your Steam trade link, if you can’t remember your link, click ‘Get it’. Once that stage is complete, Loot.bet will transfer you to a partner site. You select the items to sell, confirm you are happy with the price and accept the trade. The money will then be transferred to your Loot.bet balance and you can use it to place bets. To use this this service, you need a Steam account at Level 1 or more and your inventory must be made public.
Loot.bet also accept Bitcoin as a method of deposit, and this option enables bettors to use the site anonymously. Bitcoin is a virtual currency used on the internet, it has been around for a number of years and is traded between online wallets to pay for services and goods. You can purchase Bitcoins online and they are completely legal in the UK, despite being considered a foreign currency by the government.
If you are willing to top up your balance and also withdraw any profit you make into a Bitcoin wallet, Loot.bet will not usually require you to go through the normal ID verification process. Furthermore, unless they have any reason to suspect there’s something unlawful happening, they won’t even ask for details like your country of residence or address. You can use Bitcoin by selecting it as your currency when you open a Loot.bet account, then you can bet as you would using any other type of currency.
Withdrawing your Winnings
To comply with international laws on money laundering, Loot.bet encourage their customers to withdraw cash using the method they use to make deposits. So if you’d prefer to make a withdrawal using a method which isn’t available to you, you’ll need to first make a deposit using that method.
Once you have logged into your account to request a withdrawal, the Loot.bet team take a look at the details and assuming everything is in order, verify it. This process is usually completed within a 24-hour period, but at busy times, or during public holidays, it can take up to 72 hours. When an issue arises and they are unable to agree to the withdrawal, you’ll be notified as soon as possible.
One of the most common reasons for a withdrawal request being denied or delayed, is members failing to provide proof of their identity. In accordance with international law, if you open an account and wish to withdraw money, you’ll need to present Loot.bet with a copy of your passport and proof of your address, this can be any official document that shows your personal details. Utility bills and bank statements that are under six months old are usually considered best.
Customer Service and Further Support
If you are unsure about any aspect of the site, or if you have a question relating to your account, you can contact the Loot.bet customer support team for help. As part of this Loot.bet review we found that emails to their designated address; [email protected], were responded to within 24 hours and their live chat option was answered swiftly, assuming you call within their opening times.
Staff are available from Monday to Friday, eight hours per day, from 9am to 5pm. During these times you can also call them on +44-20-3322-7299 for an immediate response. The help section is presented in the form of an FAQ, but unfortunately it is not hugely informative on the more general issues. Instead it looks at a seemingly random set of problems – the first being ‘Why do the odds on new maps in a multi-round tournament not automatically appear?’ – which don’t provide coverage of the full site.
Security and Reliability
Loot.bet complies with all payment card industry standards when it comes to security, meaning it’s a safe place to carry out financial transactions. They display a seal of approval confirming that they have met the Payment Card Industry Data Security Standard (PCI DSS). This means their payment options and credit card data storage have been deemed secure. The sportsbook operates from Cyprus and has a gaming license from the Caribbean island of Curacao, so they are fully regulated and authorised as a bookmaker.
Responsible gambling is promoted with a section dedicated to gambling in moderation
Plenty of options when it comes to making a deposit.
A rising star in the eSports industry, Loot.bet are an excellent choice for fans of this relatively new online gambling option. However, the experience of using their site could be developed in future by scaling up the service. Including a mobile application would probably be the most popular improvement. Also, the token inclusion of a few classic sports does feel slightly jarring, and the FAQ section could certainly do with a little more attention. Nevertheless, the platform has adopted a user-friendly approach to both pre-game bets and live bets, and there are a fair range of markets. Also, the addition of skins and bitcoins as payment methods, would suggest that this sportsbook is taking an innovative approach to eSports gambling. Loot.bet may not have reached their full potential as yet, but the early signs are promising.