Velobet Review

Velobet are one of the new kids on the betting block, but they have created a competitive product in what is a crowded industry.

The bookie ticks a lot of boxes, including their top-notch football coverage, vast array of promotions, excellent customer service and a 150% welcome bonus. On top of that, they are a crypto-friendly platform – perfect for modern-day punters who dabble in digital coins.

Of course, it’s not all sunshine and rainbows. The bookie doesn’t have a dedicated app, live streaming is limited, wagering requirements on promotions are beefy, and there are few FIAT withdraw options.

Below, we run through the ups and downs as we embark on a detailed Velobet review. Let’s dive in!

What We Like About Velobet

What We Don’t Like About Velobet

Let’s begin this Velobet review by looking at the security and licensing features. When punters look for new bookmakers, one of the first things they want to know is whether the platform is legit, secure and safe. In this section, we take a deep dive into Velobet and find out whether it really is a legit online casino and sportsbook.

Before we dive into the details, here’s a quick list of tools, governing bodies, licenses and programs that Velobet are linked with…

A quick look at the terms and conditions page allowed us to find several bits of key information about the bookmaker and its parent company.

Firstly, Velobet is operated by Santeda International B.V. The firm has a license from the Curacao Gaming Control Board, and the license number is OGL/2024/1798/1048.

The platform also has valid SSL encryption, which adds an extra level of security for punters and customers using the site.

When it comes to responsible gambling, there is a dedicated page, but it’s tucked away in the footer. Once you find it, you will discover bog standard information, with problem gamblers being pointed to Gambling Anonymous, GamCare and Gambling Therapy.

Customers are also encouraged to use Cyberpatrol, Net Nanny and CYBERsitter to block gambling platforms from children.

Self-exclusion information is also available on the site, with punters advised to contact the customer support team if they are looking for help.

It’s time to talk about the registration and Velobet login process. Creating an account is really easy and it should not take you more than a couple of minutes.

For our Velobet review, we signed up with the website, making a note of each step.

Velobet's homepage

Open Velobet

Go to Velobet’s website and hit the ‘Sign Up’ button to start the registration process.

Velobet's registration form

Fill in the details and finish

You will be asked to provide a few bits of information, including your chosen username and a few contact details. Once you’re done, hit finish.

Two steps! That’s it! Having opened hundreds of betting accounts, we can confidently say that this was an easy and trouble-free process.

There are a couple of things to mention. Firstly, you have the option to select your location and chosen currency during the registration process.

You also have a field for if you have a Velobet promo code, so if you are serious about signing up, make sure you come prepared.

In terms of concerns, there was no requirement to verify the account using text or email. That does raise questions about safety on the site.

KYC Account Verification

Velobet is a crypto-friendly bookmaker, meaning that customers who are planning to use cryptocurrencies don’t have to worry about KYC (Know Your Customer) verification.

That’s not the case if you are using FIAT payment methods. Players hoping to wager using Visa, Mastercard or other traditional methods will need to complete the KYC process.

During the depositing process, you may notice that you must provide proof of the following:

Velobet Sign-Up Offer

We have arrived at a crucial point in our Velobet review – the all-important bonus and promotions section!

We all love a good welcome bonus, and this operator delivers without the need for a Velobet bonus code. They certainly have plenty of promotions to keep us busy, starting with their 150% sport welcome bonus + 10 free bets.

How does it work? Simple. Make your first deposit and you will receive a 150% bonus up to $1000. On top of that, you will receive 10 free bets when you place your first sports bet with a minimum stake of $10.

There are a few details you need to remember. Firstly, the minimum deposit is $20 to make yourself eligible for the offer. Secondly, the wagering requirement is 15x (deposit and bonus) on at least three events with odds exceeding 1.3.

Lastly, betting must be completed within 30 days, while bets on outright markets, horses and greyhounds are not allowed.

Read the small print

Seb Sternik: When I first looked at the offer and saw a 150% bonus up to $1000, it did make my ears prick up. However, once I dug down and saw the 15x wagering requirement, it did dampen my mood a little bit. It’s a decent bonus but it does remind me to always read the small print.

Velobet Other Promotions

If you’re not satisfied by the sports offer, there are several other promotions available on the platform. Below, we run through some of the best options, and all the important details.

Crypto Deposit Offer – 160% Bonus Up To $1000

We told you earlier in this Velobet review about the bookmaker’s crypto-friendly nature. The following promotion underlines their welcoming attitude to cryptocurrencies.

Customers can get a 160% bonus up to the equivalent of $1000. This offer cannot be combined with any other promotions, and it is valid for Velobet casino slots only.

The promotion is subject to 35x wagering requirements, and the wagers must be completed within 30 days.

On top of that, there is a long list of games that are excluded. These are: Golden Beauty, Bronco Spirit, Reel Heist, Arcade Bomb, Hot 777 Deluxe, Gods of Troy, 1942: Sky Warrior, WBC Ring of Riches, Treasure Mine Power Reels, Classic Joker 6000.

Casino Welcome Offer – 330% Bonus & 300 Free Spins

Who doesn’t enjoy online casino bonuses? With Velobet casino, the promotion is split into three deposits, with the first offering customers 150% bonus on deposits between $10 and $500, or 100% bonus for deposits between $500 and $1000.

Punters get a further 100% bonus up to $500 during the second deposit, and 80% bonus up to $500 on the third.

When it comes to free spins, customers get 30 after the first deposit. The remaining 270 free spins are unlocked over the next nine days. That’s 30 spins each day when you log in.

Get 10 Free Spins On Social Media

Free spins for social media? Seriously? Yes! You can bag yourself 10 free spins by joining Velobet casino on Discord or Telegram. Follow the channels to claim your spins and reach out to customer service if they haven’t arrived.

Bet On English Leagues, Get 20% Cashback

Do you like your Premier League and EFL? Then you’ve come to the right place. Bet on a match in one of the top four English divisions and get 20% cashback as a free bet if your bet loses.

To qualify, the minimum bet must be $20, and the maximum $200. Minimum number of selections in a bet must be three, while the minimum odds must be 1.3.

Velobet VIP and Loyalty Programme

We spoke a lot about online casino bonuses and free spin offers, but it’s now time to look at the VIP programme in this Velobet review.

The bookmaker does have a loyalty programme, with several perks and benefits. Personalised bonuses, improved limits and cashback are all part of the experience.

You might be asking yourself, how can I join? The answer is simple, you’ve got to become a consistent player, with serious wagering volume. Loyalty is rare, so the perks are not for everyone.

Velobet eyeing up high rollers

Seb Sternik: For serious bettors, it’s always a positive when a bookmaker has a VIP or a loyalty programme available on their platform. Having additional perks for high rollers is a great way to entice big players, and Velobet appear to be on the right track when it comes to that side of the business.

Deposit Withdrawals

Method	Min	Max	Processing Time	Fee
	£10	£2000	Instant	None
	£10	£2000	Instant	None
	£10	£5000	Up to 24 hours	None
	No strict minimum	No strict maximum	Instant	Blockchain fees
	No strict minimum	No strict maximum	Instant	Blockchain fees
	No strict minimum	No strict maximum	Instant	Blockchain fees
	No strict minimum	No strict maximum	Instant	Blockchain fees
	No strict minimum	No strict maximum	Instant	Blockchain fees

Method	Min	Max	Processing Time	Fee
	£20	£7000	1-5 Business Days	Minimal fees
	£20	£7500	30 minutes to 3 hours	Blockchain fees
	£20	£7500	30 minutes to 3 hours	Blockchain fees
	£20	£7500	30 minutes to 3 hours	Blockchain fees
	£20	£7500	30 minutes to 3 hours	Blockchain fees
	£20	£7500	30 minutes to 3 hours	Blockchain fees

It’s time to tackle deposits and withdrawals in our Velobet review, and we can start off by praising the platform for mixing their crypto-friendly nature with traditional FIAT payment methods.

Customers have the option to fund their accounts using Visa/Mastercard and bank transfers, as well as their long list of crypto options.

There is a £10 minimum deposit limit when using FIAT payment methods, while the maximum amount is £2000 for Visa/Mastercard and £5000 for bank transfers.

Unlike FIAT, cryptocurrencies have no strict limits on the platform but be aware of blockchain fees when considering funding your account with crypto.

Withdrawal options are a little more limited, with SEPA being the only FIAT method. The SEPA zone isn’t just for EU nations, as it also encompasses the likes of the UK, Switzerland, Monaco, Norway and a smattering of other territories.

Withdrawal limits for cryptocurrencies are listed in the table above, with the coin values converted into British Pounds to make it easier.

The one clear advantage cryptocurrencies have over FIAT are the rapid transaction times, with most coins making their way back into the customer’s hands in around 30 minutes.

How to Deposit Funds to Velobet – My Experience

Velobet's homepage

Visit Velobet and Press Deposit

Start by heading over to the Velobet homepage and hitting the deposit button in the top right corner.

Velobet's deposit methods

Choose a Payment Method

You will be greeted with a long list of payment methods. Choose the one that works for you.

Velobet's deposit details page

Enter Bank Info and Deposit

Enter you bank details before confirming the transaction.

How to Withdraw Funds to Velobet – My Experience

Velobet's homepage

Visit Velobet and Open the Menu

Head over to Velobet and open the menu by hitting the green icon on the top right of your screen.

Velobet account page

Choose Withdraw

Once your menu is open, make sure to hit ‘Withdraw’.

Velobet's withdrawal methods

Choose a Payment Method

Next step is to choose a payment method to continue with your withdrawal.

Velobet's withdrawal details page

Enter Details and Finalise

Enter the requested details, including the amount. Then finalise the transaction.

Security and licences? Done! Registration process? Done! Promotions? Done! We’ve covered all the important bits, but now it’s time to delve into the meat of the action in our Velobet review – sports coverage.

There are over 30 sports available on the platform, including the big hitters like football, tennis, basketball and racing.

Some of the most popular sports competitions are listed on the top left corner of the platform, including the Champions League, Premier League, NBA, NHL and even MLB. Each competition comes with thousands of markets across their wide range of matches and events.

If you are looking to place small stakes, you will be glad to hear that minimum bets start from £0.08. The only way to get a better deal would be to visit bookies like Ladbrokes or Coral who offer £0.01 bets.

Keep in mind that if you win more than £15,000, Velobet has the right to divide the payout into monthly instalments. What’s more, the maximum possible win on the platform (also equivalent in crypto) is £200,000.

Velobet Football Betting Coverage

You probably won’t be shocked to learn that football is one of the biggest sports at Velobet. Realistically speaking, it would be hard to find a bookmaker that doesn’t put football front and centre.

The volume of markets on most individual matches is impressive, with customers able to bet on outrights, player bets, first half, second half, totals, handicaps, stats bets and much more. The more obscure the competition, the fewer the markets, but even games from the Guatemalan Liga National come with a wide array of options (and yes, we did check).

Football betting fans reading this Velobet review will be glad to know they can bet on the major competitions (such as Champions League, Premier League and La Liga) as well as the minor ones.

Velobet Horse Racing Betting Coverage

Don’t waste your time looking for horse racing markets on the sportsbook. Racing is so big, it has its own section on the platform, with hundreds of horse racing and greyhound markets available.

It’s great to see all the biggest races from the UK and Ireland. There are also markets for races in Australia, United States, South Africa and more.

For each race, there are several columns with different bits of information, such as form, age and weight. There are other bookmakers who offer more information and even comments, but this is not a bad effort from Velobet.

Velobet Tennis Betting Coverage

Velobet offers customers decent tennis coverage, with the bookmaker providing odds on ATP, WTA, Challenger, ITF, UTR and even simulated events.

Market coverage is also solid, with the platform giving punters a wide range of betting options, including sets, games, handicap and stats betting.

One negative is the lack of outright odds for all the Grand Slams. There are other bookies that allow bettors to back Grand Slam winners months in advance. Instead, Velobet have player markets, allowing punters to back specific players to win a specific number of Slams in a season.

Velobet eSports Betting Coverage

Just like horse racing, eSports has its own section on the platform, which consists of a variety of events and hundreds of betting markets.

From Counter Strike and League of Legends, to Dota 2 and Valorant, eSports coverage on Velobet is good. However, we have seen a wider variety of eSports on other crypto-friendly bookies, including BC.GAME and VAVE.

There is room for improvement, but eSports are well catered for on Velobet.

Velobet Specials & Novelty Betting Coverage

The Specials section is pretty standard on Velobet. Customers have access to a couple of UK political markets, though it is disappointing to see a lack of odds concerning American politics.

When it comes to entertainment, there are odds available for the BBC Sports Personality of the Year and Eurovision. That’s a pretty limited list of events, which again, is a little disappointing.

When looking for a bookmaker, one of the most important things to take into consideration are the odds. Punters rightfully look for platforms that offer the most value for their money, and in this Velobet review we’ve put together a little test to see how the bookie compares with some of their industry rivals.

Below is an overround table, which compares three random bets across three bookmakers. We have used MyStake and BC.GAME as the two competitors.

Wow, looking at that table, Velobet deserve a lot of credit for their football odds. The bookie is right up there with MyStake, when comparing the numbers for a huge Europa League game. They are also posting better numbers than their crypto rivals BC.GAME.

The story does change once we take a closer look at other sports. Velobet came up short when it came to basketball, offering an overround that was fractionally higher than BC.GAME.

It was a similar story with darts as Velobet found themselves on par with MyStake but an entire percentage point behind BC.GAME.

Just like most bookmakers, Velobet provide their customers with several features to enhance their overall wagering experience. Below, we take the time in our Velobet review to look at some of those features in more detail and provide information on how they work.

Velobet Live Betting

Live betting is a huge part of the business, and it’s good to see a thriving in-play section on Velobet. There is a wide selection of sports available in the ‘Live’ section, including football, basketball, tennis, and eSports.

Live streaming tends to be limited for eSports, but the platform does offer a handy match tracker for other sports and events. The tracker comes with a plethora of statistics and information, designed to help customers bet.

There is a lot to like about the huge choice of in-play betting markets. Even a women’s match in Turkey played on an average Wednesday afternoon came with around 20 markets.

Any areas for improvement? The design and layout of the ‘Live’ page can be somewhat overwhelming, especially for newbies. A lot of numbers, text and options. It can be a bit much at times.

Velobet Cash Out

Bettors reading this Velobet review will be pleased to learn that the platform does offer cash outs.

The feature is available for both pre-match and in-play markets. If your bet is eligible, you should navigate to your bet slip in order to take advantage. Just remember that cashed out bets typically don’t count towards fulfilling wagering requirements.

The only negative we can mention is the lack of partial and auto cash outs. Many online bookmakers offer those features to customers, but that isn’t the case for Velobet.

Velobet Bet Builder

Following a thorough examination of the platform for our Velobet review, we can confirm there is a solid bet builder feature available.

To access the feature, simply select the match (or event) and locate the bet builder option. You will then have a wide selection of eligible markets on screen.

Some selections cannot be combined, but that information is clearly presented, allowing customers to build a bet that works.

Customer support is another big part of our Velobet review and generally speaking we don’t have any major negatives to note. We have compiled a table to better illustrate the options available to customers using Velobet.

We found the live chat feature particularly helpful during our Velobet review. From the time you open that chat, you could be speaking to an agent within a matter of minutes. The live chat option is available 24/7, meaning punters can access help at any point of the day.

Another way to contact the support team is via email. Just like the live chat feature, customers can send emails at any point of the day. Response time is longer compared to the live chat, but it’s good to know that there is more than just one way of getting in touch.

There is no direct phone number to Velobet towers, but the platform does have a social media presence on X, Discord and Telegram.

For those who enjoy betting on apps, there’s bad news – Velobet doesn’t have a dedicated application. Instead, the bookie has optimized their website for mobile devices, making it easier to bet using an iPhone or Android.