Velobet

Velobet is a brand new casino, launched in the summer of 2023, which offers access to sports betting as well. If you are one of the many players who are on the lookout for fresh places to play, this seems like a pretty good choice. That is because it is licensed and has a great variety of games to play. In fact, the casino has partnered with a sizeable amount of game suppliers to deliver them. The payment policies with the casino are fair and there is a decent amount of variety in its means of payment. We also appreciate the fact that signing up for an account is exceptionally fast and straightforward.

Yet there is a lot more that could, and should, be said about this casino. Join us in the full review of it we have prepared below. In it, we will go over everything significant about the house, from its bonuses, through its regulation and payment policies, to the games themselves:

Bonuses

Starting off with the bonuses Velobet has, here is a table which outlines what is available.

What immediately stood out to us was the fact that the casino has no less than three different bonuses which you can claim on your first deposit! That is not common in the industry at all. So let's take a look at each of these three alternatives new players can pick from:

• The Welcome Bonus with is the most standard promotion out of the three. If you deposit between $20 and $500, you will be able to claim a 150% bonus on your funds. As far as multipliers go, this is a pretty significant one! Furthermore, there is a bonus for deposits between $500 and $1000. They can get a smaller, though still sizeable 100% bonus. The wagering requirement for both of these deposits is the same – 30x. What does that mean? The casino requires you to turn the money you have received over a certain amount of times as a prerequisite of withdrawing it. How does this requirement stack up with the rest of the industry? Well, casinos normally set theirs in the range of 30x to 40x, so Velobet is on the low side for sure.
• Another option you have in terms of initial bonuses is the Sports Welcome Bonus. This promotion requires you to cash in $20 at least, and grants you 150% of the money you have deposited as a bonus. The maximum amount you can receive is $1000. This is a very similar bonus to the previous one, but it comes with a different wagering requirement. Since you are expected to wager this on sports event, the casino requires a lower turnover of just 15x. On the other hand, you need to wager that money on at least three games. Moreover, the games you bet it on need to have odds of 1.3 or greater to qualify. On average, sports bonuses have turnovers of 5x to 10x, but need to be bet on games with odds of around 1.5 or greater. Either way, this is a great way to get into sports betting with Velobet.
• The last of the initial deposit bonuses with this casino is the Crypto Welcome Bonus. This promotion is available if you decide to deposit with Velobet via digital currency. An equivallent of $20 is required to claim the bonus. The money you receive will be 160% of what you have cashed in, up to $1000. A wagering requirement of 35x will apply, which is higher than the 30x with the first bonus we examined, but still within the range of what we'd consider to be acceptable.

After you have used up whatever initial deposit bonus you picked, you can get the Second and Third Deposit Bonuses. Here is some more information on those:

• The Second Deposit Bonus is a 100% of the money you cash in, up to $500. The money needs to be wagered 30x to withdraw it, and can be used for casino games or sports betting, as you see fit.
• The Third Casino Bonus is slightly less generous. Once again, it is up to $500, but the way it is calculated is as 80% of the deposited funds. The same wagering requirement applies.

One criticism we have of the casino is the fact that it has a wide range of welcome bonuses, which is great, but once they are played through, the player will not really have access to a lot of other promotions. The recurring bonuses with Velobet are just two:

• The 10% Cashback on Crypto Deposit program is a way for players to recover some of their losses throughout the month. However, you need to have used cryptocurrency to deposit with the casino, as the name of  the bonus implies. We don't see why players who have used more traditional means of deposit have to be excluded from the bonus. Especially since cashback initiatives are so common these days. The way they work is that the casino restores a certain amount of your losses at the end of a certain period of time. With Velobet, you can claim 10% of the bets you lost throughout the month. There is no upper limit on how much money you can recover that way, nor is there any sort of wagering requirement on it. By itself, the promotion is actually fairly generous, but we would like to see it extended to all of the players of the casino, regardless of their preferred payment method.
• An exclusive sports bonus is available any time you place three bets on Football games. This is called the 3+1 Freebet. The fourth bet you place will be a Freebet, which means the casino will let you wager without actually needing to put your own money on the line. The maximum wager is $100. However, we are not sure what the requirements to cash out the winnings of the bonus are, because these are not mentioned in the Terms and conditions of the casino.

Another criticism we would like to make about the bonus program of Velobet is that it does not offer Free Spins with any of its promotions. In general, we believe the fact that it has not given more attention to the bonuses offered is a huge missed opportunity for the casino to stand out among its peers.

License

Regulation is one of the most important things to look for in a casino. We know for sure that Velobet is licensed, because we verified that. Here is what the house says on the topic, at the bottom of its website:

But how did verify that? Well, the casino claims that it is regulated by EGaming Curacao – one of the four master license holders in the small Caribbean nation. This can be verified very easily, because any licensed casino needs to display a digital seal on its website. The seal looks like the logo of the regulatory body, and can be found on the website of Velobet too – here is the seal:

Clicking it leads you to the website of the regulatory body, where you can see the following entry in its register:

It all checked out, and Velobet definitely is licensed, just as it stated. But what does it matter if a casino is regulated? Well, here are some of the protections that it can guarantee for its players by virtue of its regulation:

• There are rules about the random number generating algorithms that are used to provide the outcome for the players' bets. These algorithms need to be audited by independent experts, which certifies that the outcome of any bet is actually up to chance, that there is no bias in the games towards the house.
• Safe gambling is a huge aspect of the regulatory regime of all four Curacao license issuers. To ensure it, there are many self-exclusion options which are all available to the player. At the same time, though, there are also other features casinos often implement like time out warnings and so on.
• There is also a focus on the safety of your data. While the casino's business model requires it to collect lots of valuable and personal information, that information leaking or being hacked is not likely at all. That is because of the way EGaming requires casinos to store and encrypt this sensitive information!

As you can see, there are many advantages to licensed casinos. Velobet being one is great!

On another note, we would like to mention two other aspects of the service of this casino – the languages you can view its website in, and the list of jurisdictions where its services are not available:

Languages: English, Spanish, French, Finnish, German, Swedish (Svenska)

Restricted countries: Netherlands, United Kingdom, Show All, Albania, Aruba, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Congo (Kinshasa), Cuba, Curaçao, Côte d'Ivoire, France, French Guiana, French Polynesia, Guadeloupe, Iran, Iraq, Israel, Korea, North, Liberia, Macedonia, Martinique, Mayotte, Montenegro, New Caledonia, Reunion, Saint Martin (French part), Serbia, Sint Maarten (Dutch part), Spain, Sudan, Syria, United States, United States Minor Outlying Islands, Wallis and Futuna Islands, Zimbabwe

Deposit and Withdrawal

The payment methods which Velobet accepts are pretty varied. Here is a list of all of them, as well as what currencies you can use to open an account in:

Currencies: Australian Dollar (AUD), Brazilian Real (BRL), Canadian Dollar (CAD), Euro (EUR), British Pound Sterling (GBP), US Dollar (USD)

Deposits can be made via credit cards and bank transfers, an e-wallet and AstroPay. Deposits can also be made via cryptocurrency. The minimum deposit is said to be $20, which is a pretty decent amount. There is no information on the maximum deposit, though. Furthermore, there are no fees for cashing in, and most of the payment methods are instant. However, fees might be charged by the payment providers. That is especially noticeable with wire transfers, which can incur high fees of up to $30. These transfers can also take more time to clear than the rest of the methods.

Here are the means of withdrawal from Velobet, as well as the conditions for them:

The minimum withdrawal requirement is the same as the minimum deposit. The maximum withdrawal amount of $7500 is what you can cash out at most each week. This is a pretty generous maximum. There are no fees either, which is great, but third party charges need to be covered by the player.

The only restriction on withdrawals from the casino is the requirement to have wagered the deposited funds at least once to cash them out. That is a common way for casinos to combat money laundering, and is not anything we did not expect to find in its legal documents. Similarly, there is an inactivity fee too, which is outlined below:

This kind of clause is not extraordinary either, nor is the size of the fee itself!

Games and Game Suppliers

Below is a list of all of the Game suppliers the casino partners with:

Game providers: Red Tiger Gaming, Microgaming, CT Interactive, Slingshot, Betsoft, Fugaso, WorldMatch, Gamomat, TrueLab, Other, Green Jade Games, Nolimit City, Play'n GO, EGT Interactiv, Oryx, Skillzz Gaming, Triple Edge Solution, Booming Games, Thunderspin, Givme, OneTouch, PGSoft, Mancala, Blue Guru Games, Yggdrasil, Endorphina, Playson, Rabat, PariPlay, Spigo, Leander, Real Time Gaming, Slotmill, Blueprint, 7Mojos, Atomic Slot Lab, PragmaticPlay, GameArt, Wazdan, Switch Studios, Amatic, ELK, Revolver Gaming, Hacksaw, Ggames, Booongo, NetEnt, Red Rake, Just For The Win, Foxium, Mr Slotty, Igrosoft, Spinomenal, Gamefish Global, Evoplay, Push Gaming, Gamzix, Big Time Gaming, Belatra, Platipus, Smartsoft Gaming, Kalamba, 1x2gaming, Stakelogic, Relax Gaming, Thunderkick, BGaming, Gamevy, Habanero, Tom Horn, Golden Hero, Iron Dog Studio, Apollo Games, Spearhead, High 5 Games, Onlyplay

Bigger houses have been noted to feature up to a hundred suppliers and sometimes even more. Velobet comes pretty close to that amount too, and we are genuinely impressed by its long list of partners. Here are the games that you can play from them:

• There are many Slots, with player beloved series like Big Bass, Book of (…) and popular individual slots like Gonzo's Quest and Starburst. We would have liked to see the games ordered by whatever their theme is. For instance, the ability to sort out the games and leave only Fruits slots, or Fishing slots would have been nice, especially with how many games there are in total with the casino.
• The second category on the website is the Table Games: Baccarat, Poker, Blackjack and Roulettes are all available here. There are also live versions of all of these available too, in the Live Casino section of the website.
• This also includes several Game Shows. Among them are fan favorites like Crazy Time, Sweet Bonanza and Mega Wheel.
• A special series of Crash games like Plinko and Dino are available in the Mini games section of the casino's website. We are pleased to report that many new and popular Provably fair games are available with Velobet.

And here is what the Sportsbook of Velobet contains:

• There are many vastly popular sports like Football, Basketball and Cricket. Less popular sports like Biathlon can also be wagered on. Some of these can be live bet on too.
• There is a special section of the website dedicated to betting on various hound and horse races.
• Virtual sports are available too, but there is only virtual football to wager on.
• Last but not least, there is an extensive esports section, with major League of Legends, Valorant and StarCraft matches to wager on.

Conclusion

To sum everything up, we are pleased with the casino. Its only downside is the lack of interesting recurring bonuses. But with tight regulation and good payment policies, as well as a ton of games to play and sports to bet on, we can say that this is nevertheless a great casino. Not to mention that it is also a fresh house which has just opened its virtual doors. Really, there are tons of reasons to check Velobet out!