Librabet review
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Librabet betting bonus
The Librabet bonus doubles your first deposit, which on paper should give you better chances of ending up with a profit. To get the bonus, you must bet the deposit amount on odds of 1.50 or -200 or higher.
You don’t have to use a bonus code to claim the offer, but make sure you opt-in for it when you register.
| Bonus | Offer |
|---|---|
| First deposit bonus | 100% up to $150 |
| Minimum odds to trigger offer is 1.50 | |
Bonus terms
The bonus terms are fine, but only because you have full 30 days to clear them. To complete the wagering requirement, you must place bets at odds of -200 or higher for parlay bets, or +100 for single bets. The promotions and all of the terms associated are displayed in decimal odds as below.
| Wagering requirement (WR) | 6x deposit + bonus |
| Minimum qualifying odds | 2.00 single bets, Parlay bets 1.50 each. |
| Minimum qualifying deposit | $30 |
| Sports restrictions | None |
| Time to complete WR | 30 days |
| Restrictions | Early cashout, System bets, Void bets and any Casino bets |
There are no restrictions that stand out. All of them make sense so you shouldn’t have any trouble figuring out what the best course is to successfully clear the WR and withdraw your winnings.
Betting promotions for registered customers
There’s an apparent emphasis on soccer betting, including two soccer exlusive promotions: the Bore Draw and the 2 Goals Ahead Early Payout. Other promotions which you can use on American sports are the Cashback Bonus, the Weekly Reload bonus and the Boosted Odds.
| 2 Goals Ahead | Early Payout |
| Accumulator Boost | Up to 100% |
| Bore Draw | 100% Refund |
| Cashback Bonus | 10% up to $750 |
| Weekly Reload Bonus | 50% up to $750 |
| Boosted Odds | Enhanced Winnings |
We believe the best promotion to look out for is the Boosted Odds. It directly impacts the Librabet betting margins, giving you better odds to profit in the medium to long term.
The Accumulator Boost of up to 100% starts with as little as 3% and goes up to 100% for 21 parlay bet.
VIP program
The Librabet VIP program focuses on providing additional cashback bonus up to 15%. However, it starts with 5% only at Deity, which is the 3rd VIP level. There’s also no mention of how much a customer must wager to progress up in levels.
| Level | Cashback | Exchange rate | Monthly withdrawal limit |
|---|---|---|---|
| Mortal | 0% | 100:1.5 | $10,500 |
| Demigod | 0% | 95:1.5 | $15,000 |
| Deity | 5% | 90:1.5 | $18,000 |
| Zeus | 10% | 80:1 | $23,000 |
| Uranus | 15% | 70:1.5 | $30,000 |
They also promise a personal account manager, some financial privileges like more promotions and better limits, which they display publicly. However, only three times the basic withdrawal limit for the highest VIP level is disappointing.
We can’t see how a bettor can benefit from these VIP perks, not even in the long term.
Banking at Librabet
You can deposit and withdraw using a variety of payment methods. The withdrawal options are expectedly more limited, but you still can choose between different types of methods, including e-wallets and online banking.
Depositing with CashtoCode at Librabet
CashtoCode is accepted and you can deposit between $20 and $1,500 in a single transaction at Librabet. Here are the steps you have to take if you want to deposit with CashtoCode at Librabet:
- Visit Librabet by clicking on the Play button.
- Register an account and verify your email.
- Select CashtoCode in the cashier as your deposit method.
- Provide the amount you wish to deposit.
- Provide the 20-character PIN code on your eVoucher.
- The transaction is complete, and you can place your first real money bet in a couple of minutes.
Other deposit methods
You’ve probably seen the other deposit methods before, such as Interac, Payz, MiFinity and MuchBetter. You might’ve missed FunID. It allows you to connect the accounts you have in other online gambling sites, and use the same balance. It’s creative, useful, but it ties your money to several gambling sites. It’s still novelty, so you better wait until there’s a new iteration released.
| Deposit method | Limits |
|---|---|
| FunID | $15 – $4,000 |
| Interac | $10 – $3,000 |
| MasterCard | $20 – $4,000 |
| Neosurf | $20 – $10,000 |
| Payz | $20 – $10,000 |
| Flexepin | $20 – $500 |
| eZeeWallet | $20 – $10,000 |
| Jeton | $20 – $10,000 |
| MiFinity | $15 – $3,750 |
| MuchBetter | $20 – $10,000 |
| Tether | $20 – $10,000 |
| Bitcoin | $45 – $10,000 |
| Litecoin | $20 – $10,000 |
| Ethereum | $20 – $10,000 |
| USD Coin | $20 – $10,000 |
| DAI | $20 – $10,000 |
| DOGE | $20 – $10,000 |
| TRON | $20 – $10,000 |
The deposit limits should be fine for all types of bettors, both casual and serious included. Librabet also accepts crypto deposits. They’re all bundles under one payment service provider and they come with a single unified deposti minimum and maximum limits. The exception is Bitcoin, which says you can deposit a minimum of $45 per transaction. This just shows how high the Bitcoin fees have become.
Withdrawal methods
Withdrawing is easy, especially if you’ve already set up Interac e-Transfer. Other withdrawal methods that you can also deposit with are Payz, MiFinity and MuchBetter. The maximum withdrawal limits are mostly the same, with Payz and MuchBetter leading the pack with $10,000 per transaction.
| Withdrawal method | Limits |
|---|---|
| FunID | $15 – $4,000 |
| Interac e-Transfer | $20 – $3,000 |
| Payz | $20 – $10,000 |
| eZeeWallet | $20 – $2,500 |
| Jeton | $20 – $10,000 |
| MiFinity | $15 – $3,750 |
| MuchBetter | $20 – $10,000 |
| Tether | $20 – $10,000 |
| Bitcoin | $60 – $10,000 |
| Litecoin | $20 – $10,000 |
| Ethereum | $20 – $10,000 |
| USD Coin | $20 – $10,000 |
| DAI | $20 – $10,000 |
| DOGE | $20 – $10,000 |
| TRON | $20 – $10,000 |
Note, make sure you verify your identity as soon as you deposit. Otherwise, you may get stuck waiting for your withdrawal to be processed. Librabet promises to process all withdrawal in one to three days maximum. However, if you have to verify your identity yet then it will take longer.
Customer support
To start a live chat, click on the Get Help button located in the top right corner on your desktop or by openning the main menu bar and the bottom. However, if you’re still not logged in, it will simply act as a contact form. Once logged in, the live chat starts immediately.
| Live chat | Less than a minute |
| Email support | support@librabet.com |
| Phone support | Not available |
| FAQs | Yes, basic |
The FAQs are basic, including nine questions only. This is very limited even for a Curacao licensed betting site. The queries covered are focused on payments, balance, account information and logging in. There are no questions answered around the company behind Librabet or the rules they impose on betting.
Is Librabet safe?
The Librabet sportsbook has been live since 2018, leaving us with a good track record to evaluate. The 1.9 Trustpilot rating is below average, but the user reviews indicate that customers were mostly in breach of procedure.
| Trustpilot rating | 1.9 |
| Launch date | 2018 |
| License | Curacao |
| Parent company | Rabidi N.V. |
| Affiliate program | 7Stars Partners |
The most peculiar case was where a customer had done some transactions with another of their customers. This is included in the Terms and Conditions, but then this leaves us questioning if this customer was aware that this other person already had an account with Librabet.
Rabidi N.V. runs a lot of other sites that are focused on casino games primarily. Yet, they too offer sports betting odds. All of their sites are in good standing with other gambling site review platforms.
Betting with Librabet
At first glance, it doesn’t look like a fully-fledged sportsbook as the emphasis on casino games is always there. However, not only it has all the capabilities of a top betting site, Librabet also allows customers to change site settings and view North American sports in main navigation. You can also change the odds format at the bottom of the sports filter bar. You can change between decimal, American and fractional odds.
Browsing the betting markets is also easy, but we couldn’t identify why we found it particularly easy. One of our team members suggested that it just could be the choice of colours they’ve used.
Betting features
Besides the Bet Builder and the Early Cashout for pre-match and live betting, Librabet also has Quick Single Betting, much like Amazon’s one tap puchase feature. However, it is what it says it is, the emphasis being SINGLE betting. You can’t create a quick parlay bet.
There’s no blog or additional access to match information, but you can find the basic stats in every event. This should be enough for most casual bettors.
The search bar is probably the feature you’re going to use the most. You can either search for a team name or a championship for easy navigation.
Live betting
You can access live betting from the main menu bar or if you’re betting on desktop, by following the Live Betting button at the top of the screen.
The live betting odds are admirable and neatly organized in their respective categories. We can’t see how any bettor could experience issues finding the odds they are looking for.
At the time of this Librabet review, there were live odds for soccer, tennis, basketball, baseball and cricket among more than a dozen other sports. eSports also takes an important place in Librabet’s offer.
Live streaming
Librabet offers live streaming and some matches or sports get live feed coverage too. However, this is subject to legal regulation and as such, it can be a hit and miss if there’s a particular game you want to follow.
The commentary and the video feed are of high quality and are relevant to any bettor who’s about to place an in-play bet. There is a “Streaming” toggle which filters events that have live streaming available. They also include matches that still haven’t started, but will be available for steraming at Librabet. This is very useful to any bettor who’s into live betting.
Odds comparison
Generally, anything up to 5% is great and Librabet’s odds are just under the limit. Even if the odds are slightly lower, and the margins slightly higher, it’s fine as long as the sportsbook can justify this with advanced features or more betting promotions.
| Chicago White Sox vs Atlanta Braves | Librabet | 1bet | BetRiot |
|---|---|---|---|
| Home | 185 | 179 | 185 |
| Away | -230 | -250 | -230 |
| Margins | 4.77% | 7.27% | 4.77% |
1Bet’s odds are twice as worse than those of Librabet. However, 1Bet offers much better betting features packed in a more user-friendly way.
Librabet app and user-interface
We were caught off-guard by how they’ve solved some big problems with navigation and the design they have. Looking at it from a bettor’s perspective, you might be annoyed by the casino banners that are always displayed when betting on desktop.
Librabet’s app is available directly from their site. They don’t have a native app for iPhone or iPad.
You can browse sports with the top horizontal bar on desktop, and the main menu is where you can change between sections on mobile. The registration is simple and depositing is just as easy.
What we didn’t like is the full width search bar. It’s hidden in plain sight. We’re sure other customers have missed it!
Conclusion
Librabet’s a decent brand with a better than average offer. The Boosted Odds promo alone will get most bettors’ heads turning. You get the standard suite of betting features that give you more options and more control over your bets. The live streaming is a neat feature that will surely be noticed and appreciated by those who prefer in-play bets.
Overall, we enjoyed reviewing Librabet to the point we stuck with an eSports live video feed for too long for our standards.
Alternatives of Librabet
- Top class live betting
- Live streaming and broadcasts
- Full and partial cashout
- Bet Builder promotion
- Licensed in Curacao
- Slightly higher betting margins
- Live streaming
- Early cashout
- Bet Builder
- Ongoing betting promotions
- Licensed in Curacao
- No “streaming” toggle
- Odd color design
- Live streaming
- Early Cashout
- BetBuilder
- Decent selection of ongoing promotions
- Easy navigation
- Licensed in Curacao
- Average odds
- Focus on European leagues
Librabet’s direct alternatives are 1Bet and BetRiot. Side with 1Bet if you want Partial Cashout and go with BetRiot if you want different betting promotions. The odds are the same so you can’t miss out in that department.
Another good choice for you is SG Casino Sportsbook. It has the same focus on casino games but in a different layout.
FAQs
Librabet is safe and reliable, licensed in Curacao and operated by Araxio Development N.V. The company was launched in 2018 and since then has maintaned good standing with all popular gambling site review platforms.
Librabet was launched in 2018 as one of the first brands in the group of Araxio Development. Besides betting odds, they also offer casino games. They are more popular among the betting audience.
Yes, you can cash out your bets early at Librabet. Librabet offers full cashout on all pre-match and live bets. Partial cashout is not available.
Yes, you can live stream selected matches at Librabet. There are games with live video feeds too. However, there’s no guarantee if the match you want will be streamed. Make sure you check before you place your bet if this is a dealbreaker for you.
The Librabet welcome bonus is exactly the median bonus amount in Canada. The minimum qualifying odds are fair and the bonus terms are acceptable. You have 30 days to find events that you think you can predict confidently.
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