LVbet Review – Welcome to the New Boy in Town!
There is no getting away from the fact that the online sportsbook industry is hugely competitive, but this does not stop new sportsbooks being set up all of the time because the industry can also be extremely profitable.
One look at the annual reports from a bookie like bet365 will give you an idea of the mind-boggling amounts we are talking about here; their 2018 report showed a total of £52.56 billion wagered on their sportsbook with a profit to bet365 of £660.3 million.
* Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. #AD
- New sports welcome offer
- ACCA Boost
- Safe Net
- Superduper Bet
- Minimum deposit: £10
- 24/7 Customer Support
- Regulation: UKGC
Admittedly, bet365 are one of the biggest players in the industry, but it gives an indication that even the smaller online bookies can generate vast amounts of revenue.
One of the newest online bookies in the business, LVbet, are a case in point and since their inception in 2016, they have started to make a name for themselves and are now regarded as a sportsbook that is definably worth opening an account with.
As soon as you visit the LVbet website, the first impression is that it all looks a little different to the usual sportsbooks.
It’s hard to actually put your finger on the reason why, it could be the striking black and yellow colour scheme, or it could be the way that the graphics on the website are presented.
One thing is for sure though; this bookie is definitely heading in the right direction, which is obviously great news for online punters.
Are LVbet UK Fully Compliant in Terms of Licensing Regulations?
Operating out of Malta, they are fully regulated by the UK Gambling Commission so they can definitely be regarded as a safe and secure bookie to do business with.
It also looks like they take the welfare of their customers seriously as can be seen by their stance on responsible gambling.
Responsible gambling has become the buzz word over the last year or so, mainly because of the negative press around punters who are experiencing problems with their gambling.
Pressure has been put on online sportsbooks and casinos to offer their customers help if they are experiencing problems with their gambling and the lengths which they are prepared to go to is a good indication of how a bookie treats their customers in general.
Some bookies will just provide links to gambling charities whilst others will offer a wide range of options such as enabling punters to take a break from their bookie account and to limit the length of time they stay logged into their account and limiting the amount of funds they are allowed to deposit.
LVbet UK falls into this latter category, which just goes to show what kind of bookie you will be dealing with, which is a further indication that this is an account which you should seriously consider opening.
Is There a LVbet Bonus for Opening an Account?
There is an LVbet bonus for opening an account and whilst on the face of it; it looks like an extremely attractive bonus, there are certain terms and conditions relating to this business which you should be aware of before you decide to take advantage of it.
The LVbet bonus for opening an account comprises of a 50% matched bonus up to £50 so if you wish to claim the full amount which is on offer you will need to make your first deposit of £100.
The first term which you should be aware of is that any deposits which are made by Skrill and NETELLER do not qualify for this welcome bonus.
This term is, in fact, common across most online bookies, so it would be advisable to use a debit card to make your first deposit.
The term which could be described as a little out of the ordinary is related to the wagering requirements of the bonus.
The wagering requirement is 15x the bonus, so if you have received the full £50 there will be a total wagering requirement of £750, but this wagering has to be completed within twenty-one days of receiving the bonus.
That is all well and good if you have plenty of time on your hands or if you are a matched bettor, but if you are someone who just likes to place the odd recreational bet, it could be a struggle to get through the wagering requirement within that period of time.
There is also a minimum odds requirement of 1.80, so it is not as though you could just work your way through the wagering by betting on extremely short odds.
There is not a LVbet bonus code or a LVbet promo code because all bonuses are credited automatically.
Are There a Wide Range of Betting Markets Available?
The selection of betting markets which are available at LVbet is superb, but there is one sport which is missing which we will talk about shortly.
It is as if they have taken on board the requirements of their customers because the list of betting markets which are available is not only extensive, they are clearly laid out, and something which is extremely helpful is that it states how many markets are available in any given sport.
OK, even though the selection of betting markets is superb, there is one glaring omission, and that is LVbet do not offer any horse racing markets.
In fairness to LVbet though, the football betting market on offer is one of the best that you will see and the egaming betting opportunities cannot be rivalled by any other top sportsbook.
Placing a bet is relatively straightforward in that you simply click on your selection and it is instantly added to the bet slip which can be found in the top right-hand corner of the website.
What is slightly confusing though is the way that the bet slip is laid out.
There are three tabs at the top of the best slip, ‘single’, ‘combi’ and ‘system’ so you will have to click on the ‘combi’ or ‘system’ tabs if you want to place an accumulator bet such a treble or a yankee but be aware that these bet types are not stated so you will have to work the bets out yourself.
This is only a minor niggle, but it may be something that LVbet should consider changing as a large number of their customers will be from the UK and will be used to yankees, patents and heinz bets for example.
How Competitive Are the Odds?
The LVbet odds are par for the course, to be honest.
You won’t often see them at the top of the tables on the odds comparison sites, but due to the fact that they cover some of the more relatively unknown sports betting markets, there are opportunities out there for those punters who do have an interest in these sports to take advantage.
As an example, LVbet offer markets on games such as Starcraft!
Most people won’t even know what this is (a form of esports), but those who do might be able to find an edge and take advantage of betting odds which might be out of line.
Do LVbet Offer Live Betting?
LVbet have recently added a live betting option to their website and the live betting events which are taking place at the time when you log into you LVbet account are displayed automatically.
The main sport which is covered live is obviously the football betting markets and to say that LVbet cover a wide range of leagues from around the world would have to be regarded as something of an understatement!
If you are one of those punters who like to place a small stakes accumulator across a number of football matches throughout the day, LVbet will suit you down to the ground.
Is There Live Streaming on LVbet?
It seems to be the trend with some of these newer online sportsbooks in that they do not offer live streaming to their customers.
It could be that they are trying to keep their overheads down, but it is more likely the case that they know that their customers are not too bothered about live streaming.
If you are someone who puts live streaming at the top of your requirements when it comes to opening an online sportsbook account, the advice as always would be to open an account with bookies like Coral or Ladbrokes who offer a wide range of live streaming services.
What about a Cash-Out Option
LVbet do offer a cash-out option, and it is very good.
This has only been recently added so they are using the very latest technology and it works in exactly the same way with other sportsbooks in that you can cash out bets from the open bet in your bet slip.
One thing to bear in mind is that the LVbet cash out option will sometimes disappear, which means that the LVbet cash out is not available at that particular time.
This will be because something has happened in the event which you are betting on, a penalty or a goal in a football match, for example.
If this happens, simply try a minute again or so later and you will probably find that the cash out option will be available again.
Is There an LVbet App?
- LVbet Android app
- Ease of access
- Live bets
- Live match tracker
- Withdrawal requests
This is quite a strange one because LVbet do offer an LVbet Android app but not an iOS app.
You sometimes find that a bookie won’t offer any kind of app, but it is unusual just to offer an LVbet app which is compatible with only one type of mobile device.
That is not to say that you can’t use an Apple device to place mobile bets with LVbet because the mobile version of the website will automatically load when you enter the LVbet URL into your mobile browser.
If you have an LVbet Android device, the app is very good and you can see that an awful lot of thought has gone into it, especially with the live match tracker but again, it is a shame that they don’t have an iOS version.
The media team at LVbet have said that there is an iOS version of the app in the pipeline, but at the time of writing, they can’t give a definite date on its release.
Deposit and Withdrawal Methods
It is sometimes the case that when it comes to making a deposit into an online bookie, you have to spend time searching to discover which payment methods are accepted.
With LVbet though, all of the deposit methods are clearly laid out so you will be able to see at an instant that all of the usual methods such as Visa/Mastercard, bank transfer and web wallets are all accepted.
|LVbet Banking Options|
|Football, Tennis, Ice Hockey, etc.||£10||3-5 Working Days|
Not so common methods such as Zimpler, Euteller and MuchBetter are also accepted with each one having a £10 minimum deposit limit in place.
The same £10 limit also applies when it comes to making withdrawals.
We have already mentioned this but don’t forget that if you are making a deposit in order to claim a LVbet bonus, deposits by web wallets such as Skrill and NETELLER will mean that the deposit does not qualify for a bonus.
Maximum Bet Limits
LVbet have a handy feature on the betting slip which shows you how much you will be allowed to place on any given wager.
When you have added your selection or selections to the betting slip, you will see a tab at the bottom of the betting slip entitled ‘show limits.’
Click on this tab, and you will be able to see how much you will be allowed to place on this bet.
Every bookie will put restrictions on the size of the bets which you are allowed to place but the method used by LVbet means that you know exactly where you stand at any given time and you can plan the size of your bets accordingly.
Registering an Account
You will have probably come to a conclusion from reading this LVbet review that it would be a good idea to open an account with LVbet so you will be pleased to know that opening an account is extremely straight forward.
Simply click on the yellow ‘Register’ button at the top right-hand corner of the website and enter your personal details, address, date of birth etc.
You will then be invited to log into your new LVbet account and make your first deposit in order to receive the LVbet bonus.
Placing That First Bet
Even though there is an LVbet bonus on offer when you open your account, you don’t have to accept this bonus if it is not something that you are interested in.
If you do want the bonus, look for a bet with minimum odds of 1.8, click on the selection and it will automatically be placed in the bet slip.
Don’t forget that this is a 50% matched bonus, so make sure that you place a bet of £100 if you want to take advantage of the full bonus.
All you then need to do is submit the bet and wait for the outcome of the event before you move on and work your way through the wagering requirements of the bonus.
It goes without saying that if your bets lose, there will be no wagering requirements to complete and this will obviously be the aim of those punters who are interested in matched betting.
Do LVbet Offer Ongoing Promotions
They do offer various ongoing promotions, so keep an eye on the ‘Promotions’ tab at the top of the website as they are being constantly updated.
The acca promotion is one that seems to be constant though, and this is where a percentage bonus is awarded if every selection in an accumulator is correct.
They also offer an LV Points system which is where you are awarded points for every bet which you make, and these points can be transferred into cash but it is not exactly generous as you will receive one LV Point for every £5 you bet and it takes 100 LV Points to receive £1 and to add insult to injury, the minimum number of points that can be converted is two hundred.
As with the welcome bonus, there is no need for an LVbet bonus code or a LVbet promo code because all bonuses are added automatically.
What about the Customer Care?
The customer care agents are very good and have a very high standard of knowledge about the betting process as well as the promotions on offer.
Live chat is the preferred contact method, but telephone and email options are also available.
Is the Website Safe and Secure
Yes, it is.
Full SSL encryption is in place, and this LVbet review meets all of the stringent requirements which have been set out by the UK Gambling Commission, whether your deposited funds and personal details are safe is not something that you will need to worry about.
Even though LVbet falls short in a couple of areas, no horse racing and no live streaming being examples, this is still a bookie that you should have an account with.
They are definitely heading in the right direction, and it is easy to forget that they have only been in existence since 2016.
You get the feeling that they will be at the forefront when it comes to the exciting developments which are taking place within the online gambling industry, so there has never been a better time to have an account with these guys as it is now.
If you claim the LVbet bonus, don’t forget that the wagering requirement is quite high and it has to be completed within twenty-one days, but apart from that, you shouldn’t think twice about opening an account with LVbet if you don’t already have one.