The Complete LV BET Review: Bonuses, Odds & More

*Important Notice: Unfortunately, LV BET is no longer available, we will update this space with the latest developments regarding this operator. Check out the UK’s best betting sites for alternatives.

LV BET is a new online casino and sportsbook brand operated by Fairload LTD in Malta.

The website is available in English and Polish, with LV BET boasting a remote licence from the UK Gambling Commission, as well as being licensed by the Malta Gaming Authority.

LV BET was co-founded by Polish entrepreneur (and current CEO) Adrian Sidowski, who previously worked for BetSafe, Betsson and Betway.com. The company currently has over 40 members of staff in its Maltese headquarters.

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In order to see whether this new online sportsbook is any good, this LV BET review will take a look at the site in more detail, including its product offering, its bonuses and promotions, as well as payment methods, security and the mobile experience.

Betting Markets and Range of Options

Navigating the sportsbook of LV BET isn’t easy. You have to click several times to find any markets and then figure out which events you actually want to bet on.

For example, to find your way to Premier League betting, you have to click three times from the sportsbook to find the markets on offer – and this is a problem that runs through the entire sports product.

Although it doesn’t initially seem like it, LV BET does have thousands of sports markets available to bet on, they’re just difficult to find – with the site very much geared to live betting.

When you do find your way to an event, there is a vast range of markets on offer, with typically around 150 markets available on major football matches, including all the popular ones like both teams to score, results, handicaps, goals, player markets and more.

LV BET Bonus – In Detail

When it comes to the sports welcome bonus for new players, LV BET provides a reasobable 50% bonus on your first deposit up to £50. This is okay but doesn’t stand up to most other sportsbooks who tend to offer at least a 100% deposit bonus.

Unfortunately there’s lots of terms and conditions attached to the welcome bonus, the free bet can only be used on a single multiple bet with at least three selections – each of which must have odds of at least 1/4. On the plus side, if you do manage to win your bet, you’ll receive boosted odds of 50%

The terms and conditions of the LV BET welcome bonus are extremely wordy and difficult to figure out, with no less than 34 terms attached to their sports bonus alone.

There are also some other sports promotions available on the site including an ACCA Boost, which will top up your winnings by up to 25% when you place an accumulator.

The other major sports promotion on the site is the ‘Spicy Week Starter’ which will give you a free £10 or £20 bet on a Tuesday, if you lose £50 or £100 on the Monday.

Odds and Pricing of Bets

In terms of the pricing of markets, LV BET is reasonable, offering the standard industry odds on both larger and smaller sports events. Once you find them, LV BET does display its markets well, with the price being very clear on each.

Mobile Betting

The mobile experience on LV Bet is very fast, although it unfortunately has the same downfalls as the desktop site – with numerous clicks always needed to find your way around the site. Unlike most sportsbooks, the live betting section is found under a separate tab rather than on the main sports page.

Many sportsbooks have their own apps now and LV BET is no different. Again, though, while fast, it follows a similar design to their main site – meaning user experience and the intuitiveness of the site is poor. The app is free to download on iOS and Android.

LV BET Live Betting and Streaming

The latest live sports events are available to bet on with LV BET under the ‘Live Betting’ tab in the header. One of the best features it has are little green and red arrows that indicate the changing prices on live markets which is a nice touch. You can also see three markets at a time on any given event, which makes for an efficient live betting experience.

There’s no doubt that the live betting experience is the highlight of the LV BET betting site, as while you can’t live stream events, the site does offer a very good animated live tracker showing what’s going on in the match.

Betting on live events is very straightforward, while players are also able to cash out bets in-play, which is always a hugely popular feature – giving players the opportunity to claim winnings early if they don’t want to wait until the end of the event.

Payment Methods

There are a vast range of payment methods available at LV BET, none of which incur added fees. Unfortunately, while players can deposit a minimum of £20, and only up to a maximum of £5,000. In contrast, you won’t find any withdrawals limits at all.

Despite this, there are numerous ways to deposit funds, including debit cards (Visa or MasterCard), as well as instant banking methods like Sofort, Ideal, Euteller and Trustly, E-Wallet services like MuchBetter, Moneta, Skrill, Neteller, plus paysafecard and Zimpler.

Withdrawal methods aren’t quite so plentiful, but players can still take money out using debit cards (Visa or MasterCard), or using Trustly, Moneta, Bank Transfer, Skrill or Neteller.

Safety and Security

LV BET has a remote gambling licences from the UKGC and Maltese Gaming Authority – which ensure a certain level of trustworthiness with regards to the company. In order to obtain these licences, the company has had to demonstrate that it fit for purpose, handles player funds separately from operational costs in order to protect them in the case of going into administration, as well as showing that it keeps player data secure and has no criminal links.

Further to this, LV BET is audited by eCOGRA to ensure a certain level of transparency in the way that company is run and also to handle any player complaints fairly. The site also uses SSL encryption in order to protect player data from hackers.

Information About the Company

Having been formed in just 2016, information on the background of LV BET is quite thin. It’s co-founder and current CEO is Adrian Sidowski, who has worked for various other betting firms, with the company operating out of Malta.

In April 2018, LV BET announced that it was sponsoring London-based Polish football team, PFC Victoria London, who play in the Middlesex County League Premier Division. The company also sponsors the German Ice Hockey Federation eV (DEB)

Conclusion

While it offers a decent casino product, the sports side on LV BET is poor. The site is fast (especially on mobile) but its user experience is complicated and finding markets is time-consuming.

The sports welcome bonus is quite reasonable, with a 50% deposit bonus up to £50 – but has complicated terms attached to it, meaning it’s not great all-round. There are a couple of decent promotions on offer, especially the ACCA Boost bonus which can add up to 25% winnings on top of accumulator wins on sport.

The live betting product is considerably better and undoubtedly the highlight in the LV BET sports betting part of the site. Lots of current markets are easy to access from the Live Betting tab.

One of the best things about withdrawals in the UK is that there are no minimum or maximum limits by law. It seems that LV BET isn’t completely committed to giving players a fun and transparent gaming experience, instead cutting corners where they can with complicated terms and so on.

There’s a lot of room for improvement for the LV BETS sports to make, but the Live Betting experience is a start. If they could create a more generous welcome bonus with simple terms and make it easier for players to find sports markets, the site would be dramatically improved. As it is though, in comparison to other new betting sites, the site only scores 2/5 in our LV BET Review.