Seabet.io

Seabet is a rather new online casino and sportsbook, with a huge focus on crypto. This is the only way players can cash in or out of the house. We cannot help but see this as a disadvantage, because there are lots of people who might not want to deposit via crypto. They  might find the payment method too complex to deal with, or might just want to cash in with a payment service they prefer. These players will have to look for another place to play. We do acknowledge the casino has the right to accept or deny any payment method it wants to, but we don't like such exclusionary policies.

Aside from that, if you are a crypto enthusiast, we believe you would be disappointed with Seabet as well. That is firstly because the house simply does not accept that many tokens at all, just the five or so most popular cryptocurrencies. Secondly, the payment policies of the casino are just incredibly vague. It does not provide any information about what its minimum deposits are, for instance.

There is also an issue with the bonuses of the house, where there's not enough information about them. Once again, the minimum deposits to qualify for the majority of promotions are missing, as well as the maximum bonus values you can get.

We are also not fans of the lack of games to play. There are just over ten Game suppliers listed on the website of this casino, and this means there is just barely anything to play. Finally, Seabet is not licensed whatsoever, meaning there are important protections it cannot guarantee to its players.

Overall, it seems there's a lot to say about this house, so let's jump right into it. Here is a full breakdown of the issues we mentioned so far, as well as everything else you need to know about the casino:

Bonuses

We mentioned the bonuses Seabet offers being underwhelming and lacking a lot of crucial information about how each of them works. Here's a table which outlines all of them in order to prove just that:

There is a Welcome bonus, followed by several Recurring promotions. Overall, the number of bonuses is actually fair enough, and there are both promotions for Sports Betting and Casino games. Let's go over each of the available offerings in as much detail as the casino has shared with the player:

• The First Deposit Bonus is a generous offering which allows players to get a 100% multiplier for their first deposit. Of course, the minimum deposit requirement is nowhere to be seen, but the maximum bonus you can get is 200 USDT. There are 30 Free Spins on top of that. Even though other houses tend to offer higher maximums for their welcome bonuses, the one here is fair enough in our view. That is because the wagering requirement for it is relatively low – just 30x, and there is no cash out limit. Wagering requirements for similar promotions tend to be between 30x and 40x. If you are wondering what they mean, the wagering requirement signifies the amount of times you need to wager a bonus before you can cash it out. That is an integral part of pretty much any bonus nowadays. Cash out limits represent a certain amount of winnings possible with a single bonus, and even though every house can freely set such restrictions, it is obviously  great that Seabet has not opted in to do so.
• Every time you cash in, you could benefit from the Slot Deposit Bonus, which will give you between 10% and 15% of your deposit. However, we have no way to know if any deposit qualifies for that, or just ones over a certain amount. The percentage of your money counting towards the bonus also scales with your account level. We will explain how the account tier system works in our overview of the VIP Bonuses, so Let's get back to the Slots Deposit Bonus. According to the casino, its wagering requirement is just 17x which is exceptionally low. We expected it to be in the 30x to 40x range we pointed out above.
• The casino also offers a unique Cashback bonus, called the Slots Loss Rebate. This is a Cashback Bonus in the full sense of the word, but it applies only to Slot games, and can be claimedi independently of the other such promotions Seabet offers. The promotion allows you to recover up to 10% of losses from Slot games, up to a maximum of 2000 USDT. These numbers make it comparatively high, but there is also a comparatively high wagering requirement of 20x which you need to keep in mind. Such promotions tend to have way lower requirements than deposit bonuses. Usually, you can cash out the funds from cashback bonuses by wagering them no more than 3x.
• Next, there are two bonuses which are exclusive to the Sportsbook of the casino. The fist of them is the Parlay Bonus. It awards you for placing mupltiple bets with the bet builder. The more of these bets you place, and the more of them come true, the higher the percentage of the bonus will be. The maximum you can get is 80%, up to 150 000 USDT, added on top of your winnings from the bets. Of course, that does require you to hit 14 winning bets, and only ones on games with odds over 1.5 count towards that. There is no mention of the wagering requirement of this bonus, which is unfortunate.
• The other Sports bonus is the Winning Streak Bonus. It is similar to the previous promotion, but awards you for winning bets one after the other, regardless if they are placed in a single multibet slip. Only bets with odds over 1.5 or more count towards that. If you lose a bet, or the game is cancelled, that will cancel your streak. As for what you can get from the bonus, the rewards are between 200 USDT and 1500 USDT and scale with your streak. The lowest amount becomes available when you win five games in a row.
• There is a seasonal bonus called Chirstmas Crash Carnival. If you cash in 50 USDT or more, the casino will start awarding you with bundles of 20 Free Spins for each day leading up to Christmas. What's interesting about the bonus is that there is also a Tournament component to it, and the casino will rank players based on their total winnings from Slots, handing out massive prizes on the 24th of December to the biggest winner. The promotion is seasonal, but we hope to see the house implement a similar permanent bonus, too!

Finally, we would like to give special attention to the VIP Program of the casino, because it comes with several unique perks. Seabet ranks the accounts of its players in six tiers, based on how much they have deposited and played, rewarding the ones who've been more loyal to the casino with higher bonuses. We already mentioned that some of its regular promotions are also scaled with these VIP rewards, but there are also the following promotions, exclusive to VIP players:

• Level Up bonuses are awarded every time you reach a new tier. These can be up to 20 000 USDT for the tenth account tier, which is quite the spectacular reward. According to the house, you can get a total of 100 000 that way. Unfortunately, the casino is pretty vague about them, and we don't know much other than their maximum values. We do hope the wagering requirement is reasonable, though!
• There are also VIP Deposit Bonuses. Once again, the highest bonuses are reserved for the most loyal players of the casino. The maximum bonus you can get from this VIP program is no less than 10 000 USDT. According to the casino, these promotions can only be claimed once per account. There's no information about whether any wagering requirements or cash out limits apply.
• Finally, the house awards you with exclusive VIP Cashback Bonuses. There are two of these, allowing you to recover certain amounts of your weekly and of your monthly losses. However, as with the rest of the promotions of Seabet, the terms are pretty vague.

License

There is no information who owns the casino and where they operate from. The only mention of a license on its website is the following selection of logos at the bottom of its landing page:

Interestingly enough, Seabet has included the logo of the PAGCOR – a regulatory body, which issues licensed to egaming companies in the Philippines. However, without any information on who runs the house, or a license number we cannot verify that it actually is regulated by the PAGCOR. The rest of the logos belong to several RNG certification laboratories. Yet, simply featuring their logos is absolutely no proof that the casino is in any way certified by any of them, as you might imagine.

The lack of license does not automatically mean Seabet cannot be a good casino, or that it is up to anything shady. What it does mean, however, is that it cannot prove that you will have access to certain protections and guarantees you would be entitled to with licensed houses. These protections are different across the different regulators around the world, but they all broadly work to secure the following benefits for players:

• The safety of your personal data is very important to regulators. There is a lot of that data, which is collected by casinos, which need to comply with various KYC policies. And so, if that info is leaked, you could suffer serious harm. Licensed houses are to keep it safe from hackers and leaks by using some of the toughest encryption protocols they have access to.
• Secondly, you can expect that the games you play with licensed casinos are safe, because they have actually been tested by laboratories like the ones Seabet has featured on its website. The professionals within the laboratories go over the random number generators used within each of the games. That way, if there is any bias within them, this can easily be found and corrected. The games with licensed houses are certain to pay out exactly how much they are supposed to!
• Finally, there is also a lot of focus on responsible gambling with licensed houses. To ensure that, casinos need to offer their players a lot of information on what problematic gambling behaviors look like, and where to seek help if one suspects they are developing them. Furthermore, you are given certain self-exclusion options at your disposal, which you can use at any time to limit your exposure to casinos. For instance, you can set custom deposit limits, enable time outs or even close down your account. All of these reliable measures have made online gambling safer for everyone!

We generally prefer licensed casinos to their unregulated counterparts, and hope that we've convinced you to seek out the same! Let's get back to our review of Seabet, though – here is a list of the languages its website has been translated to:

Languages: Japanese, English, Spanish, Portuguese, Turkish, German, Vietnamese, French, Korean, Chinese

And here is a list of the countries from which players are not allowed to sign up for the casino:

Restricted countries: Australia, Germany, Netherlands, United Kingdom, Show All, Afghanistan, American Samoa, Belarus, Belgium, Congo (Brazzaville), Cuba, Curaçao, Czech Republic, Côte d'Ivoire, Denmark, France, Greece, Iran, Iraq, Italy, Korea, North, Liberia, Libya, Lithuania, Portugal, Serbia, Slovakia, South Sudan, Spain, Sudan, Switzerland, Syria, United States, United States Minor Outlying Islands, Virgin Islands, U.S., Zimbabwe

Deposit and Withdrawal

As we said at the start, the casino only accepts a small number of cryptocurrencies as payment. We still believe this is needlessly restrictive. Even houses with a focus on digital asset deposits tend to accept a FIAT payment method or two.

Nevertheless, here is an outline of the deposit conditions and the currencies you can use to cash in:

Currencies: Ethereum (ETH), Tether (USDT), Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE)

There's no mention of a minimum deposit, which we are not actually fans of. On the other hand, cashing in is instant, and Seabet does not charge you anything for it. Since the transactions to the casino are on various blockchains, there will be third party charges, though. And these charges will need to be covered by the players. We don't think this is a point against Seabet, as most casinos require you to cover such extra expenses. Still, the fees should be kept in mind.

Now, let's take a look at the withdrawal:

In the Terms and Conditions of the casino, it mentions that FIAT withdrawals are possible after the player has turned over their deposit at least once. However, no such restriction seems to be present for crypto withdrawals, which are the only way of cashing out. Such clauses are common AML requirements, and most casinos do not allow crypto transactions to bypass them.

We know the minimum withdrawal requirement is 20 USDT, which is decent enough. We do find the lack of information about the maximum withdrawal to be a bit off-putting, though, and would have liked for Seabet to provide it. The processing times for withdrawal requests are also completely unknown. We should mention, though, that the majority of houses nowadays are able to process them within three days of the request at most. Hopefully, that is the case here too.

There is no fee for cashing out, but what we said about miners' fees applies here too. What's more, it does not seem that Seabet has chosen to charge inactive accounts anything. Even though dormant account fees are common, this casino makes no mention of them in its Terms and Conditions. Obviously, that's beneficial to the player!

Games and Game Suppliers

One of the most severe issues with the house has to do with its limited games library. Here is a list of the Suppliers we saw mentioned on its website:

Game providers: PGSoft, PragmaticPlay, Play'n GO, NetEnt, Microgaming, Evolution, Ezugi, Other

We counted around 10 of them in total, which is totally unacceptable. The majority of casinos nowadays are able to offer the titles of at least 50 Suppliers, if not more. There is barely anything to play with Seabet. Still, there are a couple of major Suppliers within the extremely short list above, so let's take a look at the games which are available:

• Slots: Since Seabet partners with some top-tier Slots developers like Pragmatic Play, you will find many recognizable slots like Big Bass Bonanza, Gates of Olympus, Wolf's Gold, among others. However, the total amount of these games is too low, and the casino cannot be said to be competitive when other houses offer thousands of these kinds of games.
• Table Games: There are a couple of live dealer versions of Baccarat, Poker, Blackjack and Roulettes, which you can find in their own dedicated section in the games library of the casino. This is not nearly enough, of course, and we expected to see at least virtual dealer versions of the same games as well.
• Game Shows:  Since Seabet features Evolution Gaming, you can tune in to exclusive Game shows like Crazy Time, Gonzo's Treasure Hunt and Crazy Coin Flip, among others. These can be found within the Evolution Gaming tab of the casino.

As far as sports betting is concerned, the house features a rather limited sportsbook. You can wager on a couple of major sports like Football, but more niche markets are not available. There are no esports and the casino features barely any options for live betting. The sports betting with Seabet is just not good enough!

Conclusion

We cannot really recommend this casino. In fact, we found it to be incredibly lackluster at every turn, from its lack of regulation, through its lack of games, to its restrictive and vague deposits policies. Instead of trying out Seabet, find a house which will respect your time and money!