Librabet review

7.6
Expert ScoreRead review

Bonus:
100% up to $150 bonus

Wagering requirement:
6x deposit + bonus

Launch date:
2018

Payout time:
1-3 days

License:
Curacao

Categories: ,
7.6Expert Score
Editor's comment
Librabet is a great sportsbook for casual bettors, thanks to the live streaming they offer the selection of sports betting promotions. It comes with the standard suite of betting features and they also offer Quick Single Betting in case you’re trying to place a late pre-match bet.
Odds
8.2
Trust
8.1
Bonus
7
Support
7.3
Payments
7.5
PROS
  • Live streaming and broadcasts
  • Ongoing betting promotions
  • Early cashout
  • Bet Builder
CONS
  • Licensed in Curacao
  • Strong focus on casino games

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.

BonusOffer
First deposit bonus100% up to $150
Minimum odds to trigger offer is 1.50

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 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 odds2.00 single bets, Parlay bets 1.50 each.
Minimum qualifying deposit$30
Sports restrictionsNone
Time to complete WR30 days
RestrictionsEarly 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 AheadEarly Payout
Accumulator BoostUp to 100%
Bore Draw100% Refund
Cashback Bonus10% up to $750
Weekly Reload Bonus50% up to $750
Boosted OddsEnhanced 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.

LevelCashbackExchange rateMonthly withdrawal limit
Mortal0%100:1.5$10,500
Demigod0%95:1.5$15,000
Deity5%90:1.5$18,000
Zeus10%80:1$23,000
Uranus15%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:

  1. Visit Librabet by clicking on the Play button.
  2. Register an account and verify your email.
  3. Select CashtoCode in the cashier as your deposit method.
  4. Provide the amount you wish to deposit.
  5. Provide the 20-character PIN code on your eVoucher.
  6. 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 methodLimits
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 methodLimits
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 chatLess than a minute
Email supportsupport@librabet.com
Phone supportNot available
FAQsYes, 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 rating1.9
Launch date2018
LicenseCuracao
Parent companyAraxio Development N.V.
Affiliate program7Stars 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.

Araxio Development N.V. run 8 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 BravesLibrabet1betBetRiot
Home185179185
Away-230-250-230
Margins4.77%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

1 1Bet
More details +
Editor's comment
1Bet is confidently one of the best betting sites in Canada. It has the features and the offer of a world-class betting site. There’s ample supply of betting promotions that are available regularly. However, they are one of the few that have maximum bonus converion limit and most deposit methods don’t support CAD deposits, except for CashtoCode and Interac.
Odds
9
Trust
8.9
Bonus
7.6
Support
8.3
Payments
6.7
PROS:
  • Top class live betting
  • Live streaming and broadcasts
  • Full and partial cashout
  • Bet Builder promotion
CONS:
  • Licensed in Curacao
  • Slightly higher betting margins
2 BetRiot
More details +
Editor's comment
There’s nothing rebellious at BetRiot. However, it’s a decent online sportsbook offering the basic betting features and fair odds. Those who prove their loyalty to BetRiot can benefit from a VIP program that slightly improves the betting experience. Live streaming, Bet Builder, Early Cashout – BetRiot has them all.
Odds
8.3
Trust
7.6
Bonus
7.6
Support
8.3
Payments
7.9
PROS:
  • Live streaming
  • Early cashout
  • Bet Builder
  • Ongoing betting promotions
CONS:
  • Licensed in Curacao
  • No “streaming” toggle
  • Odd color design
3 sg casino logo
More details +
Editor's comment
The SG Casino Sportsbook is great for casual betting. Equipped with all the bells and whistles an average bettor needs, it paves the way for easy online betting. The live streaming is decent, and it can be great if your lucky to find your event featured. The promotions are something to consider, especially if you’re into soccer betting or table e-sports.
Odds
8.2
Trust
7.6
Bonus
7
Support
8.3
Payments
7.9
PROS:
  • Live streaming
  • Early Cashout
  • BetBuilder
  • Decent selection of ongoing promotions
  • Easy navigation
CONS:
  • 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

Is Librabet safe?

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.

When was Librabet launched?

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.

Is there Early Cashout at Librabet?

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.

Can I live stream sports matches at Librabet?

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.

Is the Librabet betting bonus worth it?

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.

Specification: Librabet review

Bonus
Bonus

100% up to $150 bonus

Wagering requirement

6x deposit + bonus

Bezahlmethoden
Deposit method
Payout time 1-3 days
Specification
License Curacao
Launch date

2018

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