Velobet Sportsbook Review

Santeda International B.V. is the operator of Velobet, and from what we know of this Curacao company, it also runs Cosmobet Casino, Roletto, and Goldenbet Casino. It founded Velobet in 2023 as a gaming and betting site whose interface is viewable in nine languages. The platform offers a range of crypto payment methods and a few fiat transaction picks. It implements the Upgaming wagering software and lists a decent number of promos for casino and sports gamblers. The Velobet brand boasts an Okay reputation, featuring designated racing, virtual sports, and eSports betting sections.

Velobet Bonus Offers

Velobet is not bonus-shy. It has a fancy welcome package for casino gamblers and multiple sports bonuses. There is no defined VIP scheme for bettors here, but the platform does pledge to reward frequent sportsbook users. Below, we analyze everything, promotional-wise, that this Internet bookie offers to its betting patrons.

Velobet Welcome Bonus

Sports gamblers at Velobet get treated to a 150% match up to $1,000 via a deal requiring a minimum deposit of $20. It comes with an x15 wagering requirement on deposit and bonus amounts on at least three events with minimum odds of 1.3. Note that this promo must be activated within 30 days, and no outright betting is allowed. The most you can win per wager through this promotion is $1,000, and the cancellation of the bonus results in deductions.

Velobet Free Bets

You can partake in a 3 + 1 free bet promotion that rewards you with an on-the-house wager after you place three consecutive bets here, with a free bet amount averaging those three wagers. To qualify for the offer, your made activating bets must have a minimum stake of $10, boasting at least three selections, and minimum odds of 1.3 apiece. Single and system-type bets are ineligible, as are outrights and cashed-out tickets. The maximum free bet amount is $100, and the minimum is $10.

Velobet VIP/Loyalty Program

Apparently, an account-auditing system is in play here for sportsbook users that rewards super-loyal ones.

VIP Program

The support staff told us that you must have a high level of activity on this crypto sportsbook to get considered and granted VIP status. As for the benefits awarded with this rank, a few include non-wagering bonuses and high withdrawal limits. We have no perk specifics because the staff would not divulge any. You must use this bookie for an extensive period to discover these.

Other Velobet Bonuses

If you are a crypto gambler, as we assume you are, you can enjoy a guaranteed 10% cashback on your cryptocurrency deposits here. Your Velobet rebate gets calculated as 10% of the total losses from combined crypto deposits in the same month. To claim this promo, you must manually request it by the 5th day of a new month, and if you do so, it will get credited by the 10th. The cashback funds come with no wagering requirements, maximum bet limits, and withdrawal restrictions. You get this bonus money on the 10th of the month and can withdraw it instantly.

You also get a chance to enhance your winnings with the same odds at Velobet. To participate in this promotion, you must choose bet slips with positions from pre-chosen tournaments for a wide range of sports and leagues. You must also ensure a minimum bet amount of $1, at least three positions, and minimum odds of 1.3. Only bet slips from listed tournaments qualify, and system and single-type bet ones are not eligible. The maximum bonus amount per slip possible is $5,000, calculated based on the number of ticket combinations with odds of 1.3 or more. Bonus percentages increase with combinations, ranging from 5% for three combinations to 100% for twelve. To receive the prize, only won express slips with three or more combinations are eligible. Please know that specific conditions will apply to this promo. These include the exclusion of events outside listed tournaments, canceled/postponed ones, cash-out use, and edited slips.

The Velobet affiliate system does not publicly disclose its fees, but it promises sub-affiliate ones and features different plans.

Velobet Design & UX

Velobet utilizes the Upgaming sportsbook solution, which advertises that it features over eighty thousand events per month and more than forty-five hundred markets overall. It emphasizes scalability, security, and speed, showcasing statistics and quality bet management.

The software comes with customizable features such as adjustable menus, multi-language support, currency options, and more. Naturally, Velobet has opted for the standard online sportsbook organizational pattern. It can appear a bit crowded at times. Yet, we found it manageable. What we liked about the setup here is that it has many neat features, such as the multi-view options, the stream and tracker icons, the time filters, etc.

That said, we did not like that the left-side panel did not allow scrolling. At least, we could not get it to work. We also did not like how when you click a sport/league, you add it to the main market selection area, which confused us at times. We also encountered some loading issues here, if we are honest. But, all in all, we always have a soft spot for Upgaming bookies.

Velobet Sports

You can bet on Badminton, Baseball, Basketball, Bowling, Call of Duty, Cricket, Cross Country Skiing, Cycling, Darts, Futsal, Football (American), Formula, Golf, Handball, Ice Hockey, Kabaddi, Lacrosse, League of Legends, MMA (Mixed Martial Arts), Olympic Games, Rugby, Snooker, Soccer, Speedway Racing, Squash, Stock Car Racing, Table Tennis, Tennis, Valorant, Volleyball, Warcraft 3, Water Polo, Aussie Rules, Motorcycle Racing, Counter-Strike, and Dota 2 here.

Velobet also has a distinct racing area where you can wager on horse and greyhound races from the US, Australia, Ireland, Italy, and South Africa.

Velobet Betting Markets

For football/soccer, you get almost three wagering choices for premium matches, like those from the Champions League. You can bet on virtually anything for soccer/football events, including player props, totals, handicaps, first/second half markets, fast ones, and everything else you can pretty much think of. For other sports, the betting possibilities are on par with what other top-end crypto bookmakers offer.

In-Play Betting & Live Betting

Live wagering is available here, with a robust selection of events and the tracker feature on hand for most. The cash-out function automatically gets added by the betting software for certain matches. Unfortunately, the Velobet team cannot manually add it, and the feature is not available for all events.

Velobet Odds

The odds formats featured here are decimal, American, and fractional, and the available view types are European and Asian. Overall, we would say that this crypto sportsbook has competitive odds, with above-average ones for the top European football/soccer leagues. We like that you can automatically accept higher odds changes at Velobet.

Velobet Live Streaming

Yes, streaming is on hand here and for premium events. That surprised us, but you can watch EPL games on this platform in real time. The number of video feeds you can enjoy at Velobet is staggering. Also, the streams run smoothly with no lag at all.

Velobet Mobile App

There is no Velobet app. Accordingly, you must be content with the Velobet mobile version. It greets you with an Add to Home Screen option for quick access, and the smartphone iteration of this platform is not at all shabby. Everything is readable on a smaller screen in the sportsbook section of the Velobet gambling hub. Navigation is intuitive overall, with a lower screen bar that gives you quick access to the live events and your bet slip panel. The betting markets are clearly presented here, and you can move through the available sports using a top bar, above which you get a search field and view choices. Above this are the main site categories, with another live button featured.

Velobet Customer Service

The Velobet live chat support is decent but not expectational, and this window first attempts to solve your issue or provide you with your desired info through a chatbot. Then, if unsuccessful, it links you to an agent. In our case, we got linked up with a Velobet representative within five minutes, and the person we spoke to was not super quick to respond, but he did supply accurate and detailed info. However, one massive gripe we had with this window was that if we did not respond in a minute or two after the site agent replied to our inquiry, he would close the window, requiring us to reactive it, which took a while before we got connected to the same or new agent.

The Velobet FAQ page is virtually worthless, and email help is available through [email protected]. We got Okay-rated answers to our questions using this method within two hours.

How to Register at Velobet

You can create your Velobet account by clicking the yellow Sign-Up button in the top homepage bar, which opens the platform’s registration form that demands that you input your first/last name, enter your email address, pick your country of residence and preferred currency, and add a username/password, before agreeing to this hub’s general conditions and its privacy policy.

Velobet Payment Methods

The cryptos you can utilize at Velobet for sports gambling fun are:

• Litecoin
• Tether
• USD Coin
• Dogecoin
• Binance USD
• DASH
• Bitcoin Cash
• Ripple
• Ethereum
• Bitcoin

According to the site staff, there is no minimum limit for deposits here other than those set by a payment provider. They answered this question in such a manner because this hub also accepts fiat payments through AstroPay, Skrill, and Neteller. For the latter two options, a minimum deposit limit of $10 is mandatory, and the maximum one stands at $2,000. All transfers here carry no fees.

The weekly withdrawal limit on this hub is $7,500, and the monthly cap is $15,000. As a general rule, you must wager your deposited funds one time over at Velobet, at events with minimum odds of 1.3, before you can get your withdrawal request approved by the site’s financial team. Also, before submitting a request to remove any sum from your Velobet balance, you must complete this platform’s KYC procedure. It will kindly ask you to submit a copy of an ID card or Passport (Driver’s licenses are not accepted). Additionally, for address verification, you must provide a Bank statement, utility bills, or other government-associated payment documents that are not older than three months in PDF format. Screenshots do not get accepted. So, please remember that.

Is Velobet Safe?

Velobet’s security certificate comes from Amazon, and it cites the implementation of RSA encryption. You cannot set up 2FA here, but you can view a detailed history of your past transactions. Unfortunately, checking login/session records is unavailable, and you cannot activate any responsible betting measures from inside your profile page.

The site’s privacy policy page is pretty generic, listing that it follows the General Data Protection Regulation. Self-exclusion is possible via contacting the support team, and the reputation of this brand, based on user reviews, can be classified as average to good.

Velobet Gaming License

Santeda International B.V. from Curacao has attained regulatory approval from this Caribbean nation’s best master license holder – eGaming Curacao, active in the online gambling sphere since 1996.

Velobet Review Conclusion

We quite like Velobet. We will go so far as saying that it has loads to provide to newbies and experienced sports gamblers. The stand-out aspects of this site for us are the market vastness and the quality of the live streams supplied. There are also loads of them. It focuses primarily on European bettors, offering them decent odds, acceptable limits, and advanced features like cash-out and more. The lack of a defined VIP scheme for sports users and the iffy customer support are drawbacks, but they are not enough to keep us away from suggesting this site to you. We say give it a go and see how you like it. The casino section is also above-average, and our total impression of this platform is pretty good. We only wished that verifying procedures were not quite as strict.

Frequently Asked Questions

• Does Velobet have a gambling license? +
  Yes, it has one from eGaming Curacao.
• Which payment methods are available at Velobet? +
  The fiat options are AstroPay, Skrill, and Neteller. The crypto ones are Bitcoin, Ethereum, Litecoin, Tether, USD Coin, Dogecoin, Binance USD, DASH, Bitcoin Cash, and Ripple.
• Does Velobet have a mobile app for Android and iOS? +
  No, it does not.
• What is the maximum payout at Velobet? +
  The staff told us they do not have a maximum winning limit for sports bets. But we read elsewhere that there is a $200,000 account winning limit at Velobet.
• Is live streaming available at Velobet? +
  Velobet does feature live streaming for loads of events from top-end competitions.