Velobet Sportsbook Review
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Velobet betting bonus
New players at Velobet sportsbook enjoy a welcome bonus of 150% up to $1,000 after signing up. This offer is available on your first-time deposit of $10 or more.
You don't need a code to trigger the offer but must manually activate it.
| Deposit | Bonus amount |
|---|---|
| First deposit bonus | 150% bonus up to $1,000 |
This is a generous offer to start your betting journey at Velobet. It’s double the average offer at most online Canadian sports books and gives you a fair head start.
Bonus terms
You must play through your deposit and bonus to complete your bonus requirements at Velobet. While playing through your bonuses alone is easier, the low-risk minimum qualifying odds are favourable. As a starter, it's excellent for you as you can anticipate frequent but small wins.
| Wagering requirement (WR) | 15x deposit + bonus |
| Minimum qualifying deposit | $10 |
| Minimum qualifying odds | 1,3 |
| Time to complete WR | 30 days |
| Bonus code | No |
Before cashing out your bonus winnings, you must comply with the bonus terms and conditions. This includes playing only eligible markets and bets to play through your winnings. Some ineligible bets on the Velobet welcome offer include outright bets and wagers on horse and dog races.
Betting promotions for registered customers
The betting site offers regular promotional bonuses and offers to registered players. These include general bonus offers and competition-specific bonuses. Some popular promos you can benefit from include free bets, cashback offers and prize pool marathons.
| Bonus offer | Bonus amount |
|---|---|
| Sports marathon | up to $500,000 in prize pool |
| UEFA freebet | up to $10 |
| 3 + 1 freebet | make 3 bets to get 1 free bet |
| Grand Express progressive betting | up to 100% bonus |
| Crypto deposit cashback | 10% cashback |
| Loyalty program | yes |
The operator's five promos are spread across different sports categories. Football enthusiasts have the UEFA free bet and there's a general sports marathon with a hefty prize pool. However, there's room for more promotions, and Velobet can include even more bonuses to compete with other top brands. For instance, SG Casino sportsbook offers up to eight promos to reward its returning players.
Loyalty program
Velobet's VIP program rewards players who make large deposits. It's a cashback program, and you must deposit at least $200 to qualify for it. The cashback is calculated from deposits made after your last bonus or withdrawal. This program mainly targets casino players, but sports enthusiasts can receive cashback offers on deposits and free bets.
Banking at Velobet sports betting
The online betting site offers reliable banking methods for placing bets and cashing out your winnings. Available options include eVouchers, e-wallets and cryptocurrencies. You can also select regular card payment methods.
Your deposits are processed quickly and your account balance is updated instantly. However, withdrawals require a little more processing and usually last one to three days.
Depositing with CashtoCode
CashtoCode eVoucher is one of the safest deposit methods at Velobet sportsbook. You only need to provide your e-voucher code when funding your account with this option. Here's a detailed guide on how it works:
- Click the green deposit icon.
- Select the CashtoCode eVoucher option.
- Confirm your deposit amount.
- -Min. deposit: $10
- -Max deposit: $1,000
- Enter your 20-digit code. Accept the terms and conditions and pay.
Other deposit methods
The betting site offers other payment methods you can use if you are okay with providing your banking information online. These include card payments and e-wallets. It also features up to 9 cryptocurrency coins like Bitcoin and Ethereum.
| Deposit method | Limits |
|---|---|
| Interac | $10 – $2,000 |
| VISA, MasterCard | $15 – $3,000 |
| Astropay | $10 – $2,000 |
| Deposit with Alternative methods | $35 – $1,600 |
| Jeton | $10 – $5,000 |
| MiFinity | $10 – $2,000 |
| Neteller | $10 – $2,000 |
| Paysafecard | $10 – $2,500 |
| Bitcoin | $20 – $7,500 |
| Ethereum | $20 – $7,500 |
| Litecoin | $20 – $7,500 |
| Tether USDT ERC20 | $20 – $7,500 |
| Bitcoin Cash | $20 – $7,500 |
| Ripple | $20 – $7,500 |
| Dash | $20 – $7,500 |
| DogeCoin | $20 – $7,500 |
| USD Coin ERC20 | $20 – $7,500 |
The payment limits at Velobet sportsbook vary, with options like eVoucher and Interac allowing players to make deposits as low as $10. However, the site doesn't charge extra transaction fees regardless of your selected option.
Withdrawal methods
Requesting cashouts at the online betting site is just as easy as depositing. The site features similar options to the deposit types, including bank transfers, e-wallets and cryptocurrencies.
| Withdrawal method | Limits |
|---|---|
| Interac e-transfer | $20 – $5,000 |
| eCashout | $20 – $5,000 |
| Jeton | $10 – $5,000 |
| MiFinity | $10 – $2,000 |
| Neteller | $20 – $2,000 |
| Bitcoin | $20 – $7,500 |
| Ethereum | $20 – $7,500 |
| Litecoin | $20 – $7,500 |
| Tether USDT ERC20 | $20 – $7,500 |
| BitcoinCash | $20 – $7,500 |
| Ripple | $50 – $7,500 |
| Dash | $20 – $7,500 |
| DogeCoin | $20 – $7,500 |
| USDCoin ERC20 | $20 – $7,500 |
| *All payments are subject to a waiting period. Payments are released once they are approved and all required documents have been provided. | |
After making a cashout request at Velobet, the site processes the request first. This is usually concluded in three days but may take longer with bank transfers, which sometimes extend to four days or more. You can avoid additional waiting periods by verifying your account before requesting to be paid your winnings.
Keep in mind that the betting site restricts withdrawals to $7,500 weekly and $15,000 monthly. This is low and can be discouraging for high rollers. A more suitable option in this regard is the SG Casino sportsbook, which offers a higher monthly withdrawal limit of up to $30,000.
Customer support
You can send complaints and inquiries about the sportsbook to Velobet’s live support team or by emailing support@Velobet.com. Live chat is accessible via the floating message icon at the lower right corner of the homepage. The email support is equally accessible.
Professional agents handle both support channels and effectively resolve any queries you have. For instance, you can make important inquiries about bonus acquisition or how to verify your account. This verification process is an important requirement you have to complete before the site pays out your winnings.
| Live chat | Available – 2 minutes |
| Phone support | Not available |
| Email support | support@Velobet.com |
| FAQs | Limited |
The FAQ section is rather limited, providing information only on how to contact support and register an account. We recommend initiating a live chat with support for quick resolutions to any issues arising when using the site.
Is Velobet legit?
Santeda International B. V. manages Velobet sportsbook. The site was launched in 2023 with a Curaçao licence and offers players competitive betting odds and standard betting markets.
All betting markets are also frequently updated to include some of the best odds. The site also implements security measures like SSL encryption to ensure all player information is safe.
| Launch date | 2023 |
| License | Curaçao license |
| Parent company | Santeda International B.V. |
| Trustpilot rating | 3.4/5 |
| AskGamblers | 8.2/10 |
| Casino Guru | 8.0/10 |
This is a legitimate site with fair odds and a recognized parent company. It's also been rated as having a high safety index by other expert review sites and there's no news flagging the site as fraudulent or scandalous.
We further looked up the user reviews to see the comments or feedback from users. Most comments were positive, but we noted some common feedback from players. For instance, some users complained about the low cashout limit and lengthy verification process.
Betting with Velobet
You can explore up to 40+ sports categories at Velobet. The site's most popular sports include soccer, basketball, volleyball, American football, and table tennis. The homepage lists the day's top events and upcoming and live matches. The site is neatly arranged, with your bet slip to the right of the page, where you can change your odds type to decimal, fractional or American. You can also change the view of the sportsbook from European to Asian.
The operator also features some of the most popular events across the sports world. Basketball enthusiasts can pick from over 250 events, including the NBA and WNBA Outright. There are less prominent ones, such as Liga ACB and Zweite Liga. Moreover, it's a suitable site if you're a big football fan, as it features up to 930 football betting events.
Betting features
Each match comes with a vast collection of betting markets. A sample of a football game between Liverpool and Manchester City featured standard markets such as match results, double chance, which team to score, handicaps and away team goals.
The site also has a bet builder feature that allows you to place multiple bets on a slip. This allows you to combine bets, like match results, both teams to score, total (over/under), hometeam total goals and multi goals, among others. This increases your total odds and potential cashout amount. Upon placing bets, they reflect on your bet slip. There's also an option above your slip to place single, multiple or system bets.
Live betting
You can access and wager on ongoing games from the live section in the Sports tab. Clicking a live match displays all the events at the game on your screen. A sampled game between Chelsea and Aston Villa in the English Premier League displayed markets like match results, both teams to score, odd/even goals, when the next goal will be scored and exact goals.
There's an option to follow the games via a match tracker or a live-streamed broadcast. The match tracker displays an animated form of all events in the game in real-time. The live stream option also allows you to watch the game live, with the option of streaming in HD. This is available for soccer, table tennis, basketball, and eSports.
Odds
To check the fairness of Velobet’s odd offering, we compared it with other notable sportsbooks for Canadian players. Here's the comparison of the odds provided on a game between Shakhtar Donetsk and Bayern Munich.
| Southampton vs Liverpool | Velobet | BetRiot | LibraBet |
|---|---|---|---|
| Home | +652 | +700 | +700 |
| Away | -384 | -334 | -334 |
| Margin | 7.27% | 10.58% | 10.58% |
In our comparison, Velobet stood out, offering the best odds. It's a fair operator if you're excited for frequent bets.
Velobet app and user-interface
Velobet doesn't have a dedicated app, but you can access the bookmaker via its optimized website on mobile. All important site functions are located at the lower part of your screen. This includes the menu button to see the available events, live button, betting slip, bets and drafts.
All available games are listed under the menu function. You can also make deposits and withdrawals by clicking on the profile icon on the right side of your screen.
Conclusion
Velobet’s numerous betting markets and up-to-date betting features, such as live broadcasts and regular promotions, make it suitable for casual bettors. Its competitive odds are also great for you as a consistent bettor looking toward significant cashouts, but that’s if you don’t mind the low cashout limit. The site must work on this and speed up its customer support response speed to improve its ratings.
Alternatives of Velobet
- Quick Bet feature
- Early Cash Out
- VIP program
- Best bonus terms on the market
- Licensed in Curacao
- No live streaming
- Confusing user interface and navigation
- No American odds, decimal only provided
BetOnRed sportsbook has a detailed VIP program and a quick bet feature. However, there's no icon differentiating live broadcasts from those simply being live-streamed.
- Live streaming
- Early cashout
- Bet Builder
- Ongoing betting promotions
- Licensed in Curacao
- No “streaming” toggle
- Odd color design
BetRiot sportsbook has many odd types and offers live-streamed content. However, it is licensed in Curaçao.
- Live streaming
- Early Cashout
- BetBuilder
- Decent selection of ongoing promotions
- Easy navigation
- Licensed in Curacao
- Average odds
- Focus on European leagues
SG Casino sportsbook has a reasonably high cashout limit and a bet builder feature. However, the site features average odds.
FAQs
Yes, Velobet is a safe betting site run by Santeda International B.V and licensed in Curacao. The site offers some of the best odds in the market, with fair terms and conditions. Furthermore, there's no news indicting the operator as a fraudulent site.
Yes, you can cash out bets early on popular sports like soccer, American football and basketball. However, Velobet allows only full cashouts and had no provisions for partial cashouts.
No, you don't need a code to activate the bonus. Deposit at least $10 on your first deposit and activate the bonus from your profile. You can also contact support to learn how to activate the offer before making your deposit.
Yes, Velobet offers a match tracker that shows in-game events for most games on its site. It also broadcasts some games live. You can find these broadcast games live via the stream icon.
You can contact Velobet support via live chat or email support@Velobet.com. The site also has an FAQ section, which provides information on registering your account or contacting support. If you need help, it's best to initiate a chat with live support.
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