Velobet Sportsbook review

7.9
Expert ScoreRead review

Bonus:
150% up to €1,000

Wagering requirement:
15x deposit + bonus

Launch date:
2023

Payout time:
1-3 days

License:
Curacao

Categories: ,
7.9Expert Score
Velobet Sports offers a well-rounded betting experience with a good selection of sports and markets. The platform shines with its extensive coverage of football, tennis, and basketball, providing competitive odds and a wide range of betting options, from pre-match bets to dynamic live betting. However, one downside is the lack of live-streaming, which may be a drawback for Irish bettors who enjoy watching games in real-time while placing their bets.
Odds & betting features
7.3
Trust
7.4
Bonus
8.3
Support
8
Payments
8.4
PROS
  • Generous welcome bonus
  • Wide range of sports and markets
  • Competitive odds
  • User-friendly mobile site
  • Extensive live betting options
CONS
  • High wagering requirement
  • No live-streaming
  • Limited regular promotions for existing players

Velobet betting bonus

With your first deposit on your account, Velobet offers a generous sport welcome bonus of 150% up to €1,000. This is notably more generous compared to the standard offers available at most Irish betting sites.

To participate in this bonus offer, you must make a first deposit of at least €10. The bonus will be credited to your account immediately after your first deposit. 

However, to receive the bonus, you must manually activate it before placing any bets. If the bonus is not activated before placing your first bet, you will not be eligible to receive the bonus.

DepositBonus
First deposit150% bonus up to €1,000

This is a generous offer compared to other Irish sports betting sites, providing a substantial boost to your initial deposit. 

Bonus terms

To successfully convert the Velobet Sports Bonus into real money and withdraw it from your account, you must meet the wagering requirements of the promotion. 

Wagering requirement (WR)15x deposit + bonus
Minimum qualifying deposit€10
Minimum qualifying odds1.30
Time to complete WR30 days
Bonus codeNo
RestrictionsEarly cashout, System bets, Void bets and any Casino bets

The wagering requirement of having to roll over both the bonus and initial deposit 15 times within 30 days is quite steep and may be challenging for most players to meet.

Additionally, you must complete all the bonus requirements for the Velobet welcome bonus within 30 days. If you fail to do so within this timeframe, the bonus will be cancelled, and any winnings accumulated from the bonus will be forfeited and cannot be withdrawn from your account.

Betting promotions for registered customers

Velobet provides additional promotions for its existing Irish customers, with a notable offer being the chance to earn a free bet.

BonusBonus amount
3 + 1 Free Bet Calculated based on average of qualifying bets
€10 GiftFor special events

Velobet's 3 + 1 Free Bet promotion is a straightforward offer: if you place three qualifying bets, you'll receive a free bet as a reward. The amount of this free bet is calculated based on average of your three previous bets.

To participate, simply place three consecutive bets, each with a minimum stake of €10, featuring at least three selections, and odds of 1.3 or higher per selection. The free bet will then be 15% of the average value of these three bets, with a minimum of €4.5 and a maximum of €100.

Furthermore, you can claim a €10 free bet, simply deposit at least €20 during special events and using the correct promo code. This promotion is available on UEFA Champions League, Europa League, and Conference League match days.

For those seeking additional promotions for existing players, RTbet Sports Betting is a great option. They offer a €500 reload bonus and a cashback promotion, providing extra incentives to loyal players.

For more exciting betting bonuses, feel free to visit our dedicated page about the best Irish betting bonuses

VIP program

In addition to regular promotions, Velobet Casino offers a loyalty program that rewards you with additional free bets based on your monthly deposits.

Beyond free bets for the sportsbook, the program also provides opportunities to earn free spins for the online casino. For existing customers, it’s definitely worth checking out the loyalty program to take advantage of these extra offers and enjoy ongoing benefits. 

You can also explore the best VIP online casinos to find even more exclusive rewards and perks tailored to high rollers.

Banking at Velobet sports betting

Velobet offers a wide range of secure and reputable payment methods for both deposits and withdrawals. In the following sections, we’ll provide a detailed overview of the available payment providers for your transactions.

Depositing with CashtoCode at Velobet

CashtoCode offers a discreet way to deposit funds at Velobet, with options ranging from €10 to €400 in preset denominations of €10, €25, €50, €100, €200, and €400.

Here’s how to deposit at Velobet Casino using CashtoCode:

  1. Visit the Velobet Casino site and click the “Register” button.
  2. Create an account and verify your email.
  3. Navigate to the cashier section and generate a CashtoCode barcode.
  4. Locate a nearby CashtoCode outlet to complete your payment.
  5. Present the barcode to the cashier at the outlet and pay for the transaction.
  6. Once the barcode is scanned, the funds will be instantly credited to your Velobet Casino account, and you’re ready to start playing.

Other deposit methods

You can fund your Velobet account using various methods, including Visa and Mastercard credit cards. Additionally, several e-wallet providers and various cryptocurrencies are available. For a detailed overview of the available payment options and their respective limits, please refer to the table below.

Payment MethodLimits
Visa€10 – €2,000
Mastercard€10 – €2,000
Jeton€10 – €5,000
Skrill€10 – €2,000
Neteller€10 – €2,000
Paysafecard€10 – €2,000
BitcoinNo Limit
EthereumNo Limit
Bitcoin CashNo Limit
RippleNo Limit
DashNo Limit
LitecoinNo Limit
Tether USD ERC20No Limit
USD Coin ERC20No Limit
DogecoinNo Limit

You can make deposits for Velobet Sports Betting starting from just €10, which also qualifies you for the welcome bonus. Using traditional payment methods such as credit cards and e-wallets, you can deposit up to €2,500 to €5,000, depending on the method.

If these limits don’t meet your needs, you can opt for cryptocurrencies like Bitcoin and Ethereum. These virtual currencies have no set deposit limits, allowing you to make larger deposits without any issues. 

Additionally, it’s worth noting that Velobet does not charge any transaction fees, regardless of the deposit amount, making it a convenient option for all players.

Withdrawal methods

Depending on the selected payment method, withdrawals can be made with minimum amounts ranging from €10 to €20.

Withdrawal MethodLimits
Bank Transfer€20 – €7,500
Jeton€20 – €5,000
Neteller€10 – €2,000
Skrill€10 – €2,000
Bitcoin€20 – €7,500
Ethereum€20 – €7,500
Bitcoin Cash€20 – €7,500
Ripple€20 – €7,500
Dash€20 – €7,500
Litecoin€20 – €7,500
Tether USD ERC20€20 – €7,500
USD Coin ERC 20€20 – €7,500
Dogecoin€20 – €7,500
*All payments are subject to a processing delay. Payments will be released once approved and all necessary documentation has been provided.

The maximum withdrawal limit is set at €7,500 per week and €15,000 per month, unless specified otherwise in the terms of a particular promotion. Higher limits may be available for VIP players.

Before making your first withdrawal, you’ll need to verify your account by providing a valid photo ID (passport or national ID card) and a recent proof of address (no older than three months). A utility bill can be used for address verification. Please send these documents to Velobet Casino’s support team for approval.

Customer support

If you have any questions about sports betting, odds, or the various promotions, you can easily reach out to Velobet’s customer support team. Our VeloBet review found that support is available both via email and live chat. One of the key highlights is the 24/7 availability of their customer service, ensuring assistance at any time.

Live chatImmediate response within moments
Phone supportNot available
Email supportsupport@velobet.com
FAQsOnly 2 questions answered

However, the service is not available by phone, and a callback option is also not provided. Additionally, we found the FAQ section to be quite limited, with only two questions answered, which is less comprehensive compared to other betting providers.

Velobet could improve this area by expanding the FAQ section to address common questions and provide more transparency to users upfront.

Is Velobet safe?

Our experience with Velobet Sports Betting has shown that it is a secure betting provider with a valid license from Curaçao. The bookmaker is regulated and subjected to regular audits, ensuring that you, as a player, are always on the safe side.

OperatorSanteda International B.V.
LicenseCuraçao eGaming Authority
Launch Year2023
Reputation8/10 rating on Casino Guru

Additionally, Velobet employs modern SSL encryption on its platform to protect players' data. This ensures that unauthorized parties cannot access or manipulate your sensitive information.

The feedback from other sports betting customers also reinforces this positive impression. Overall, we can confirm that Velobet is a trustworthy and professional betting provider, offering a safe and enjoyable environment for placing your bets.

Betting with Velobet

Velobet offers a robust and versatile sports betting platform, ideal for Irish bettors seeking a wide array of sports and markets. From mainstream sports like football, tennis, and basketball to niche options such as darts, snooker, and winter sports, Velobet has something for everyone.

Football fans will find comprehensive coverage of top European leagues, including the Premier League, Bundesliga, Serie A, and La Liga, as well as lower-tier divisions and international tournaments. The platform also supports various betting markets beyond the standard options, allowing you to bet on everything from match outcomes to total goals, handicaps, and long-term bets like league winners.

Live Betting

For those who thrive on the excitement of in-play betting, Velobet’s live betting section offers a dynamic and engaging experience. You can place real-time bets on a diverse range of sports, including football, tennis, basketball, and many others.

The live betting interface is user-friendly and provides up-to-the-minute odds adjustments, enabling you to react quickly to the action as it unfolds. While the fast-paced nature of live betting requires quick decision-making, Velobet makes it easy to follow the games with their detailed stats and live updates.

Live Streaming

Currently, Velobet does not offer live-streaming of sports events, which might be a downside for some punters who enjoy watching the games they bet on. However, the platform compensates with a comprehensive live betting ticker. 

This feature keeps you updated with essential game statistics, such as possession, shots on goal, corners, and more. While it doesn’t replace the thrill of live-streaming, the ticker ensures you have the crucial information needed to make informed in-play bets.

Odds

Velobet’s odds are competitive, especially for major sports and events. Football bettors will find some of the best odds for top European leagues, international tournaments, and prestigious competitions like the UEFA Champions League and Europa League. 

The average payout rate ranges from 92% to 96%, positioning Velobet well against other bookmakers. Tennis, basketball, and ice hockey also feature strong odds, making Velobet a solid choice for a range of sports. Although odds for smaller or less popular sports might be slightly lower, they are still attractive and on par with industry standards.

Velobet app and user-interface

Velobet offers a flexible betting experience that extends beyond just the desktop version, allowing you to place bets from anywhere using your mobile devices. Although there isn’t a dedicated sports betting app for download, the mobile version of the Velobet website is fully optimized and accessible directly through your browser. This provides seamless access to all available sports, competitive odds, and ongoing promotions.

To use Velobet’s mobile platform, simply open the website in your browser and log into your account. You’ll have access to all pre-match bets and the ability to place live bets in real-time, just like on the desktop version. This ensures that you’re never tied to your home computer and can enjoy betting on the go without missing out on any exciting opportunities.

Conclusion

Our Velobet betting review left us with a very positive impression. Velobet stands out with its extensive range of betting options, covering a wide variety of sports. The odds are particularly competitive for football, tennis, and basketball, providing good value for bettors.

New customers can take advantage of a generous welcome bonus, and existing players have the opportunity to earn a free bet through regular promotions. 

However, there are a few downsides to consider: While the welcome bonus is attractive, Velobet could benefit from offering more frequent promotions and bonuses for loyal customers. Furthermore, the absence of live-streaming might be a drawback for bettors who prefer to watch the games they bet on in real-time.

Alternatives of Velobet

Unlike Velobet, RTbet provides a reload bonus and sports cashback, but their welcome bonus is relatively modest.

1 RTbet Logo
More details +
RTbet, a new betting service from Rabidi N.V., is still in the early stages of its market presence, which means user feedback is somewhat limited. As a result, we conducted a thorough review and discovered that RTbet stands out with its modern betting platform and an attractive bonus program. This combination offers a solid foundation for a promising betting experience for Irish bettors.
Odds & betting features
6.9
Trust
6.1
Bonus
6.4
Support
7.4
Payments
7.9
PROS:
  • Modern betting platform
  • Comprehensive range of betting options
  • Competitive odds
  • Solid bonus program
  • Mobile-friendly website
  • Multiple payment methods
CONS:
  • No dedicated mobile app
  • Limited user feedback
  • Low withdrawal limits

Platincasino Betting offers the convenience of a downloadable app, making it easier for bettors to place their wagers on the go. However, it has not yet included esports in its betting options.

1 Platin Casino
More details +
Platin Casino has a standard welcome bonus and a rich games library to complement it. You can also benefit from its detailed and easy-to-achieve VIP program with exciting perks. It offers a specialised app and a well-designed user interface. However, the low withdrawal limit, limited promotions and penalties for inactive players are easy turn-offs for many players.
Games
7.2
Trust
7.9
Bonus
7
Support
7.9
Payments
8.3
PROS:
  • Rich games library
  • Dedicated mobile app
  • Detailed VIP program
  • Responsive customer support
CONS:
  • Low withdrawal limit
  • Few promotional offers
  • Low wagering period
  • Curaçao license

1Bet, established in 2011, brings more experience to the online betting industry compared to the newer Velobet. Keep in mind, though, that 1Bet features slightly higher betting margins.

1 1Bet
More details +
1Bet is undoubtedly one of the top betting sites in Ireland, boasting the features and offerings of a world-class sportsbook. However, it's important to note a couple of limitations: 1Bet is one of the few platforms that imposes a maximum bonus conversion limit. It is one of the very few sportsbooks with partial cashout and market leading live streaming offerings.
Odds & betting features
8.8
Trust
8.3
Bonus
8
Support
7.8
Payments
8.1
PROS:
  • Top class live betting
  • Live streaming and broadcasts
  • Full and partial cashout
  • Bet Builder promotion
CONS:
  • Licenced in Curacao
  • Slightly higher betting margins

FAQs

What sports can I bet on at Velobet?

Velobet offers a wide range of sports to bet on, including popular options like football, tennis, basketball, and ice hockey, as well as niche sports such as darts, snooker, futsal, and more.

Does Velobet offer live betting?

Yes, Velobet has a comprehensive live betting section that allows you to place bets in real-time on various sports, including football, tennis, basketball, and more.

Is there a welcome bonus for new customers?

Yes, new customers can take advantage of a generous welcome bonus. Check the promotions page for the latest offers and terms and conditions.

Are there promotions for existing customers?

Velobet offers occasional promotions for existing customers, such as free bets offers. However, regular bonuses for loyal players are limited compared to some other betting sites.

What are the withdrawal limits at Velobet?

You can withdraw up to €7,500 per week and €15,000 per month. Higher limits may be available for VIP players.

Does Velobet offer live-streaming?

No, Velobet does not currently offer live-streaming for sports events. However, they provide a live betting ticker with real-time updates and statistics.

Specification: Velobet Sportsbook review

Bonus
Bonus

150% up to €1,000

Wagering requirement

15x deposit + bonus

Bezahlmethoden
Deposit methods
Payout

1-3 days

Specification
Licence

Curacao

Launch date

2023

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