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New customers at Velobet can receive a 150% first deposit bonus of up to €1,000 when they deposit at least €10.
Velobet was founded in Cyprus and their website launched in 2023, with the business quickly growing to the almost 100 employees they have today. Owned and operated by Santeda International V.B., the Velobet website boasts a sportsbook, casino and live casino and can be accessed via a desktop or mobile web browser, but as yet there is no dedicated mobile app.
There are over 40 different sports available to bet on, including football, basketball, tennis, Formula 1, snooker, alpine skiing, floorball and a great range of different Esports such as Dota 2, Valorant and Call of Duty. There is also the ‘Sports Marathon’ where users can race each other to place bets and earn cash prizes and Free bets. While the sportsbook and casino are Velobet’s main focus, there are also virtual sports and mini games such as Plinko to enjoy. When it comes to reputation, as a relatively new bookmaker, the jury is still out, but there is plenty to enjoy at Velobet including live betting with video streaming options.
Velobet is owned by Santeda International B.V.,and is fully licensed in Curacao and regulated by Curacao Gaming Control Board (License Number OGL/2024/1798/1048). Therefore, you can be confident that Velobet will handle your data securely, provide a secure payment system and provide verified games. In Velobet’s Terms and Conditions, they state that the site “accepts players only from those countries and geographic regions where online gambling is allowed by law.” However, they got on to make it clear that it is the sole responsibility of the customer to ensure that they are following the gambling laws of their location. Santa International B.V. has been subject to a number of fines and sanctions from some countries in Europe, but this does not include Switzerland.
The Velobet website is clearly laid out and easy to find your way around, with the sports menu easy to locate. However, the menu and sub-menu are not arranged alphabetically, so it can be tricky to find exact events using them. That said, there is an effective search bar where users can type in their desired team or player to locate all related upcoming events. It is also possible to filter for events by time, so you can see what’s happening in the next 6, 12, 24 and 48 hours using the toggles in the left hand menu.
The site loads well and while its appearance is a little dark, the colours used provide good contrast to the black background making it easy to read. The sportsbook, live betting, virtual sports and Esports can all be accessed quickly via the main menu across the top of the screen, so while there is a lot going on, it is well laid out and easy to navigate. This extends to the account menu, which has features such as deposits, withdrawals, bonuses, transaction history (including bets) and bonuses in use, all easily accessible. The site is also optimised for mobile use, so you can comfortably access it via your smartphone’s web browser.
Click on the black ‘Sign Up’ button at the top of the Velobet homepage.
Enter your email address and create a username and password, then select your country and the currency with which you would like to operate your account.
Enter a promo code, if you have one, then tick the box to accept the Terms and Conditions and Privacy Policy, and opt in or out of marketing offers.
Click the green ‘Finish’ button to complete the account registration process.
The site is well designed and easy to use. They have handy links to “Top Leagues”, “Top Live” and “Top Esport” events so that users can navigate to them quickly. There is also a time filter so you can see upcoming sporting events and their available markets, at the click of a button. It is simple to change the display language should you need to from a drop down menu in the top right hand corner of the screen, and just below this is where you can change the odds display format, using the cog symbol on the green banner of the betslip.
The site is available in nine different languages, including English, French, German and Italian, making it accessible to users from Switzerland, in whichever language they prefer.
Supported languages at Velobet
Velobet allows their customers to choose from a wide selection of different payment methods, including cards, Ewallets and cryptocurrencies.
Velobet have a good range of payment methods available for deposits, including debit cards, Ewallets and cryptocurrencies, although the options for withdrawals are smaller. The minimum deposit and withdrawal amount is €10, and there are no fees for transactions, although it is written in the Velobet Terms and Conditions that they will take a 20% fee from any withdrawals if the account is terminated, or if a withdrawal is requested before any deposited funds have been wagered at least once.
Withdrawals generally take up to three working days, although if a customer requests to withdraw more than €15,000, Velobet may choose to pay the balance in monthly installments of €15,000, although the Terms and Conditions also state that the maximum withdrawal processed to a player is capped at €7,500 per week (and €15,000 per month).
Cryptocurrency payments are supported for Swiss users, and Velobet customers can choose to operate their account in a number of currencies, including EUR, GBP, USD, AUD, BRL or CAD. That said, once users have selected their currency, that is the currency their account will operate in; multi-currency accounts are not available.
Very little personal information is required for users to join Velobet; simply an email address, username and password is all it takes. However, before customers can make their first deposit, they must provide a contact telephone number and address details. In order to make a withdrawal, customers will need to follow KYC (Know Your Customer) anti-money laundering procedures and provide documents to verify their identity, address and proof of funds.
Velobet takes security seriously, and uses SSL encryption to keep users’ personal data safe. If a customer needs to reset their password, they can do so via the main account menu. It is also possible for customers to close their account completely by contacting Velobet customer support, who they can also contact if they are concerned that their account may have been hacked.
Range of sports and betting markets
There are over 40 different sports available to bet on at Velobet, as well as specials markets including politics, awards and reality television. Of course, all of the most popular sports are present, including soccer, basketball and ice hockey. In football, all of the main leagues are represented, as well as many others worldwide, including the Swiss Super League, which has both outright odds and league games available to bet on.
In addition to the most popular sports, there are also sports less commonly-found at online bookmakers, such as stock car racing, squash, floorball and even sumo. Virtual sports has its own dedicated section on the website, with virtual games of football, basketball, horse racing, dog racing, tennis, baseball and cricket available for bettors to wager on every few minutes. There is also plenty of Esports to bet on, with games such as League of Legends, Valorant, Dota 2, Call of Duty and many more available both at the bottom of the main sports menu and within their own dedicated page, which can be found via the Esports tab across the top of the webpage.
When it comes to types of bet, both single and multiple bets are permitted, with a Bet Builder feature available for events in some sports such as football and basketball. Popular sports such as basketball have over 200 bet selections available, while others sports such as lacrosse have more limited options. There are no sports-specific promotions at Velobet but there are some general sports promotions that can be applied to any sport that you desire.
It’s easy to check the odds for a particular event at Velobet, as you can use the search function to search a team or player name. Bonuses are fairly flexible, and can be used for any type of sport.
There are over 40 different sports available to bet on at Velobet:
When compared with other online sports betting sites available in Switzerland, unfortunately Velobet does not perform favourably, with pre-match football odds and In-Play odds providing particularly poor value.
With regard to payouts, the maximum payout for Free bets is 10x the Free bet value. The maximum win limit at Velobet, regardless of stake size is €200,000. As previously mentioned, the maximum monthly withdrawal is €15,000, so the maximum win amount would be paid out in monthly instalments of €15,000.
It’s easy to calculate the payout from your bet as it appears in the bet slip once you enter your proposed stake, so you can check that you are happy before confirming your bet. Velobet also allows its customers to save their selected bets as a draft, before placing them. Bettors can then click on the drafts icon to find all of their considered bets.
Odds are displayed in decimal format as default, but users can change the odds format to fractional or American odds via the cog icon on the green bar on the right hand side of the page.
Velobet has a number of different promotions for both new and existing customers:
New customers at Velobet can receive a 150% first deposit bonus of up to €1,000 when they deposit at least €10.
The bonus is credited to your account as soon as you make your deposit, but you must activate it before placing a bet in order to use it. While it’s a generous bonus, it requires 15x wagering of both the bonus and initial deposit at minimum odds of 1.3, across at least three events. The maximum amount per bet is €1,000 and the minimum is €5, and all wagering must be completed within 30 days of the bonus being issued. Bonus funds can be used on any sport except horse racing and dog racing, and any market except outright markets.
While most existing customer offers at Velobet are related to the casino, there are some available for the sportsbook, which we outline here:
Deposit at least €20 using promo code UEFA24/25 and get a €10 Free bet. You will need to make your deposit, then use the code within one hour to receive the Free bet, which will only be available for 24 hours. The Free bet must be used to place an accumulator bet with at least three selections, with minimum odds of 1.3 for each selection.
Place three accumulator bets with at least three selections at minimum odds of 1.3, and Velobet will give you a Free bet equal to the average value of your three bets, of up to €100. You won’t need a code for this promotion. Free bets range in value from a minimum of €4.50 to a maximum of €100.
Place an express bet with at least three selections at minimum odds of 1.3 on selected tournaments, and get your winnings boosted by up to 100%. The higher the number of selections, the greater the bonus. You won’t need a code for this promotion, but you will need to place a bet with at least three selections on specific football leagues, the NBA, NHL, MLB or NFL. The minimum stake is €1. Winning bets with three selections will only receive a 5% bonus, but the bonus increased by 5% with each selection up to a maximum of 100% for 12 combinations.
While all promotions at Velobet have their own individual set of Terms and Conditions which punters must ensure they read before they start to bet, there are a number of key terms that you should look out for. For example, at Velobet, most qualifying bets are required to have minimum odds of at least 1.3. Also, pay close attention to the type of qualifying bet required; at Velobet, this seems to be accumulator bets with at least three bet selections. Furthermore, it is important to pay attention to the sports that you are required to bet on, as many promotions relate to events within specific competitions, and bets on other sports or competitions will not be eligible for the promotion. Lastly, pay attention to whether a promotional code is needed, as for some promotions at Velobet, you will need to enter a promo code at the point of deposit.
There is no dedicated mobile app for the Velobet betting site. However, the site is fully optimised for mobile, and all of the same features of the desktop version can be enjoyed from the convenience of your smartphone.
Velobet has a live betting section which can be accessed via the main site menu across the top of the screen. There are a number of sports with In-Play betting available, including football, basketball, tennis, ice hockey, volleyball, badminton, table tennis, darts and more besides. Some sports have live video streams available, although they do not always seem to stream steadily. However, there are also live graphics available to allow punters to keep track of the action. Unfortunately, the value of In-Play odds available at Velobet is poor.
Sports that you can bet on In-play are:
There is a limited FAQ section, which can be accessed through a link in the footer of the Velobet homepage, but it only covers how to register with them and how to contact them. Velobet customer support can be contacted 24/7 via both Live Chat and Email (support@velobet.com). The Live Chat feature can be accessed via the chat symbol in the bottom right hand corner of the screen and is available in whatever language you have your account set to. We found there was quite a wait – around ten minutes – before we were connected with a customer service agent.
If you have an issue with your account or experience a problem with a payment at Velobet, you can contact Velobet customer service and they will aim to resolve your problem for you. There is a clear process for dispute resolution, which you can also find the link to in the footer of the homepage. It’s worth noting that if you want to bring court proceedings against Velobet, you will need to do so in Curacao.
Velobet has a Responsible Gaming page, which can be accessed via the link in the footer of the homepage. It starts by outlining the importance of only over 18s gambling via its website, and gives parents some guidance as to how they can avoid under 18s accessing their account.
In addition to this, there are also a number of questions that customers can ask themselves to determine whether or not gambling may have become a problem for them. They can then contact customer support (support@velobet.com or via Live Chat) at any time to activate either a a time out or a self-exclusion, should they feel they need to. A time out is a temporary closure of a customer’s account for a limited period of time, while self-exclusion is a longer self-imposed ban of between six months and five years, which can be decided upon by the customer.
Customer reviews of Velobet are mixed, with many customers satisfied with the promotions that Velobet offer, as well as their range of services. However, several reviews highlight issues with communication and KYC verification checks causing problems with withdrawals.
Anyone who would like to partner with Velobet as an affiliate can do so via Beastpartners.co. Affiliates can choose from a fixed fee, revshare up to 45%, or a hybrid model, and payments are made monthly via a choice of bank transfer or crypto payment. There are also dedicated affiliate managers so affiliates have a point of contact regarding their referrals.
In conclusion, Velobet has a lot to offer Swiss customers including a choice of currencies and languages to operate their account, so they can take full advantage of the wide range of sports available to bet on both pre match and In-Play. There are also several promotions to enjoy, including a generous welcome bonus of a 150% first deposit bonus up to €1,000.
