A proper welcome offer, state-of-the art website, professional customer service – these are just some of the hallmarks of the online betting site LOOT.BET.
Yes, the name is obscure and unfamiliar, which were our first thoughts when writing our LOOT.BET review. We had many unanswered questions about this site and its operation, such as: what makes LOOT.BET safe in an internet environment beset by deceitful practices? What’s the gaming experience like? Is there a LOOT.BET bonus and is it easy to claim? And, of course, the inevitable questions about LOOT.BET scam.
We dived into deep research and tried to leave no stone unturned to find the correct answer to these, and more questions, and we admit, we were mostly satisfied with the answers.
Read on to see what makes LOOT.BET secure for both your personal information and deposits and why we believe it should be one of your top options for eSports betting in an ocean of online eSports betting websites.
A Brief Outline
LOOT.BET is an online betting site established in 2016 and owned by Livestream Gaming Ltd.
| Website | www.loot.bet |
|---|---|
| Founded | 2016 |
| Owner | Livestream Gaming Ltd |
| License | Government of Curacao |
| Min. deposit | N/A |
| Min. bet | $0.5 |
| Restricted countries | U.S., U.K., the Netherlands, Belarus, France, Belize, Malta, Cyprus |
| Welcome bonus | 100% matched deposit on up to $100 |
| Available eSports | CS:GO, Dota 2, League of Legends, Overwatch, Starcraft 2, Call of Duty, King of Glory, Rainbow 6 Siege, Valorant, Starcraft, FFIFA, NBA 2K, Rocket League, HearthStone, Heroes of the Storm, Dota Underlords, PlayerUnknown’s Battlegrounds (PUBG), Smite, Arena of Valor, Street Fighter, Quake, PES2020, NHL, Tennis, Mobile Legend |
| Support | email, live chat, phone, FAQ |
| [email protected] | |
| Phone | +357-22-008790 |
| Currencies | CAD Dollar, USD Dollar, Euro, Bitcoin, Chinese Yuan, Danish Krone, Etherum, Japanese Yen, Litecoin, Norwegian Krone, Russian Ruble, Sweden Krona, Turkish Lira |
| Languages | English, Russian, Polish, Spanish, German, Filipino, Turkish, Portuguese, and Chinese |
| Payment options | Visa, Master Card, Trustly, Skrill, Neteller, ecoPayz, Yandex Money, WebMoney, SkinPay, Bitcoin, Litecoin, Ethereum |
While not the newest of sites, they are a relative newcomer in the online gambling community, considering online betting has existed for around three decades. However, an adherence to high legal standards for security and devotion to customer satisfaction have quickly made LOOT.BET a favorite for thousands of punters.
The global pandemic only further played a role in its rise in popularity. As major sports leagues like the NBA, NFL, and the Premier League temporarily shut down, traffic at both online and land-based bookies took a freefall. On the other hand, eSports-dedicated sites such as LOOT.BET saw massive growth.
In 2020 alone, LOOT.BET experienced a 67% expansion compared to the year before, and its clientele jumped 58%, even though the number of major eSports tournaments had also dropped.
Licensed by the Government of Curacao and in compliance with the highest gambling standards, all new users will find LOOT.BET secure from the get-go.
The registration is quick and easy regardless of whether you sign up from a desktop computer or using the LOOT.BET app. You only need to enter an email and a strong and unique password, confirm you are 18 or older and you are done. When you click on “Register,” the window that pops up has a box that you can check to be able to receive the LOOT.BET bonus offers and frequent updates about their promotions. The LOOT.BET bonus for new players is quite juicy, but we will get to that in a minute.
LOOT.BET is also available on Discord and social media, and it allows new users to sign up on their site using an existing Facebook, Google, Twitch, or Steam account.
The number of available support languages could use some work. We counted only nine, including English, Russian, Polish, Spanish, German, Filipino, Turkish, Portuguese, and Chinese.
We were somewhat disappointed to see that LOOT.BET is restricted in a number of major jurisdictions, including:
- The U.S. and its territories
- France and its territories
- The Netherlands and its territories
- Australia
- Belize
- Belarus
- The U.K. and Northern Ireland,
- Cyprus
- Malta
LOOT.BET is still a relatively young operator and obtaining licenses by strict regulatory organizations such as the U.K. Gambling Commission is a long and difficult process, made harder by a global public health crisis. After things return to normal, whenever that may be, we expect that LOOT.BET will gain access to these markets to make their grade-A eSports betting services available to a wider audience.
LOOT.BET Casino and Sportsbook
LOOT.BET betting centers on eSports, but the site’s sportsbook and casino section were good enough that we thought they were worth the mention. The casino games are mostly limited to slots, but there are also options like roulette, keno, and dice, among others The choice of slots is pretty decent, so for a site whose focus is on eSports, we can say the casino variety is up to scratch. The games are provably fair and come from reliable and extensively vetted providers. The slots can be of particular use for newcomers who can use the ‘demo’ version to get the feel of the game before creating an account and start wagering with real money.
The sportsbook is also passable, covering all major categories from football, basketball and tennis, to baseball, boxing, and cricket, there are over a dozen sports and more than a thousand markets to choose from. Live betting is also an option, and the LOOT.BET app makes in-play betting a seamless activity.
LOOT.BET eSports Betting – an In-Depth Look
If you were not impressed by the casino and sportsbook, we promise that the LOOT.BET eSports betting section won’t disappoint.
The choice for LOOT.BET betting on eSports is immense. Let’s start with the games themselves.
The list of eSports games is hands-down one of the most extensive we’ve seen, and even though most betting takes place at the few most popular eSports games such as CS: GO and Dota 2, you are offered more than two dozen titles, including:
- CS: GO
- Dota 2
- League of Legends
- Overwatch
- Starcraft 2
- Call of Duty
- King of Glory
- Rainbow 6 Siege
- Valorant
- Starcraft
- FIFA
- NBA 2K
- Rocket League
- HearthStone
- Heroes of the Storm
- Dota Underlords
- PlayerUnknown’s Battlegrounds (PUBG)
- Smite
- Arena of Valor
- Street Fighter
- Quake
- PES2020
- NHL
- Tennis
- Mobile Legend
It is arguably one of the longest lists, although, as we mentioned earlier, only a handful of the mega-popular games are the betting hotspots. Outright tournament winners, map winners, first kill or first blood, and more generic bet options are available for games like CS: GO, Call of Duty (CoD), Dota 2, and League of Legends (LoL).
There are also the more specific markets where players can wager on the first and second pistol round winner, best of three correct score, and the total number of rounds. Additionally, they can bet on more game-specific markets such as which team will first kill Roshan for Dota 2 games, which team will first reach 10 kills, and over/under kills or total kills on a match and map.
eSports is a young man’s game and so is eSports betting – and the numbers are there to prove it. In an in-depth analysis LOOT.BET conducted last year, it found 78% of its eSports clients are aged 18-25 and just 22% are 26 or older.
LOOT.BET’s research also shed light on which games are most popular with its young users.
Unsurprisingly, CS: GO, came in first place with 53% and, also unsurprisingly, Dota 2 and LoL followed as second and third with 35% and 7%, respectively.
Fourth on the list was FIFA21 – whose ratings have taken a nosedive – managing to outperform established games like Valorant, Overwatch, and Rocket League. It was good to see an eSports game based on an actual sport drawing in more punters.
When it comes to placing bets, LOOT.BET gives its users plenty of flexibility, and the minimum amount you can bet is just 0.5$, but it can reach sums between $100 and $20,000, depending on the level of the tournament and the number of stakes already placed on a match, which could significantly limit the bet.
Just to give you an idea about what you should expect in terms of winnings, the highest return on a single LOOT.BET stake was $7,917 (€6,520, £5,808) with just under £18 (€20).
Despite the minimum bet being just $0.5, LOOT.BET’s statistics are indicative of a somewhat bolder audience. LoL, despite finishing as the third most popular game for betting, did hold the highest average bet with an average stake on a given selection of £28.81.
Meanwhile, CS: GO and Dota 2 – the two most in-demand games – came in 10th and 11th, with an average stake of £19.07 and £18.38, respectively.
When you enter the ‘Tournaments’ section on the LOOT.BET website, a list of dozens upon dozens of ongoing and upcoming tournaments this year, with the list of matches – which number in the hundreds – updating and changing every month.
Of all those tournaments, the three players favored belonged to the top three games and they include: ESL One Road to Rio for CS: GO, Epic League for Dota 2, and Legends Pro League (LPL) Summer for LoL.
Is LOOT.BET Scam?
“Scam website” – read one comment from a user who said LOOT.BET ‘stole’ his money after a failed deposit.
LOOT.BET personally responded to the user saying they were sorry he felt that way and provided a clear-cut explanation that completely disabused the user. It said the user likely made a deposit of ‘less than the minimum recommended amount’ and that the money got ‘stuck’ in the system. They recommended the user add to the sum to match the required minimum deposit and his deposit will be accepted. The user, however, refused.
The point being, if you encounter a similarly absurd claim of LOOT.BET scam, particularly when it concerns minor issues, you should take it with a pinch of salt.
In fact, the baseless claim the user made was an exception, and LOOT.BET mainly received praise for its customer support team, fast withdrawal methods, market range, favorable odds, and other aspects of its business.
The LOOT.BET Bonus for New Players
At the time of writing this LOOT.BET review, the site offered a bountiful welcome bonus of 100% match on your first deposit up to €100.
To activate this LOOT.BET bonus offer, first and foremost, remember to check the ‘I want to subscribe to bonus notifications’ box when creating your account. Place a minimum deposit of €20 (or an equivalent amount using a different currency) to claim the bonus.
Once activated, the site will give you a 100% matched bonus on the deposit. So, if you deposit €40, you get €40 as a bonus, and so on up to €100. The catch – there’s always a catch – is that in order to receive the bonus, you must wager your deposit amount 10 times. A 15-day expiration period and minimum odds of 1.59 also apply.
The upside is that if you ultimately meet the requirements, on top of a matching deposit you will also be rewarded with 35 Loot Luck free spins.
There also appeared to be another similar deposit-match bonus of 100% on up to €200, with a minimum deposit of €10 to activate the offer. The bets must be placed on odds of 1.49 or greater, with only 4x rollover requirements.
Payment Methods
The LOOT.BET app lets you use several credible payment service providers to make fast and secure deposits using on the go, including:
- Visa
- MasterCard
- Trustly
- Skrill
- Neteller
- ecoPayz
- Yandex Money
- WebMoney
- SkinPay
- Bitcoin
- Litecoin
- Ethereum
LOOT.BET also accepts CS: GO skins instead of real money, which is a real rarity among eSports betting operators.
Why Do We Consider LOOT.BET Safe?
The Curacao license, while enough, is not the only thing that makes LOOT.BET safe.
The top-grade software and technology, 24/7 active customer service that offers instant means of contact using email, phone, or live chat, and a robust security system ensuring delay-free and secure money transfers that follow Payment Card Industry (PCI) Data Security Standard (DSS) protocols are just a few other reasons that deem LOOT.BET secure.
LOOT.BET is also working together with the eSports Integrity Commission (ESIC) – a group that focuses on fostering integrity in eSports and which specializes in preventing deceitful activity. The LOOT.BET-ESIC partnership is yet another argument against the LOOT.BET scam myth.
FAQ
Can I Use LOOT.BET in the U.K.?
LOOT.BET is not available for U.K.-based players.
Where is LOOT.BET Available?
Except for the U.S., U.K., France, Belize, Belarus, the Netherlands, Malta, and Cyprus, LOOT.BET is available in pretty much every other country that allows online eSports betting.
Why Did LOOT.BET Cancel My Withdrawal?
Users usually get their withdrawals canceled after they place a bet for a sum exceeding their account balance right after they request a withdrawal. The funds will still be available for a withdrawal at a later time.
Can I Convert Skins Into Real Money?
Yes. LOOT.BET accepts skins as an alternative currency and players may use the site’s quick sell option for CS: GO and Dota 2 to sell their skins for real money, which would be converted into the equivalent amount in fiat money and credited to a player’s account.