Gizbo Latvia Bookmaker Review

Gizbo is one of the newest additions to the Latvia market. The online sportsbook was founded in 2024 and offers over 50 sports markets, including football, basketball, and many more. Besides sports variety, the bookie also offers some of the best odds in Riga. Curious about what made Gizbo one of the fastest-growing sportsbooks in the country? This review will walk you through all you need to know, including signing up and how to claim the welcome bonus, among other promotions.

Credentials

Founded in 2024, Gizbo sportsbook is owned by GALAKTIKA N.V. The sportsbook offers bets on over 50 sports and is licensed by the Curacao Gaming Control Board.

Is Gizbo legal?

Gazebo is a legal sportsbook operated by GALAKTIKA N.V., a Curacao-based company that operates multiple sportsbooks and casinos. This sportsbook is licensed by the Curacao Gaming Control Board with a licensing number of OGL/2024/169/0146, further proving that it operates legally and is approved for operation by regulatory authorities. Furthermore, the company is located at Agias Fylaxeos & Zinonos Rossidi 2, 1.º piso, 3082 Limassol, Chipre.

Is Gizbo safe?

Gizbo Sportsbook is safe to place bets. For one, the site is secured with 128-bit SSL protocol and other data encryption technologies to secure user’s data and financial information. Bettors can rest easily, knowing their data is secure in this sportsbook.

Bonuses and Promotions at Gizbo

There are multiple ways to boost your bankroll at Gizbo. Below is a table showing the available promotional deals.

Welcome bonus

Gizbo Sportsbook offers new users a generous welcome bonus of up to €550 over the first 3 deposits. For the first deposit, bettors get a 150% deposit match up to 300 €, 100% up to 100 € on the second deposit and a whopping 50% up to 150 € on the third deposit.
The minimum deposit for this bonus is €10, and it comes with a 10x wagering requirement. This bonus can only be wagered on accumulator bets of 3 or more events with odds of at least 1.5. Also, the maximum cashout from this bonus is 1x the bonus amount.

Other existing user offers & promotions

Below are other promotions current account holders can claim at Gizbo.

• Reload Free Bet: This weekly reload bonus gives you up to €15 worth of free bets. The best part about this bonus is that there is no limit to the amount of winnings you can get from it. The bonus can be used on accumulator bets of 3+ events and minimum odds of 1.5. To qualify for this bonus, you must have placed at least €30 in real money bets in the current week.
• Accumulator Bonus: The Accumulator bonus boosts your potential cashout by up to 100% when you place accumulator bets. This bonus gets triggered when you place bets on at least 3 events, and the number of events you bet on determines how high the bonus percentage you receive.
• Accumulator Cashback: This bonus type gives you up to 50% back from your accumulated bets. The percentage you get in cashback is determined by the number of events you have in a single accumulator bet.

Loyalty program

Gizbo’s loyalty program is a 4-tier program through which the sportsbook rewards loyal customers with incentives like birthday gifts, unlimited withdrawal, faster withdrawal and weekly cashout boost, among others. The reward you get is determined by your level on the tier, and this is, in turn, determined by how much you’ve deposited. The 4 tiers are Starter, Explorer, Master, and Legend.

Registration at Gizbo

Signing up as a new bettor at Gizbo is easy. There are about three options. You can sign up with your Google account, which simply requires a few seconds. You can also sign up with Telegram. Lastly, you can create an account by manually inputting your email address and preferred password. After inputting these details, Latvian players can select their country, which will automatically adjust the currency to Euro. The next step is to confirm that you are, in fact, 18 years or older, after which you click the “Sign Up” button.

Deposits & withdrawals

Bettors are spoilt for choice of payment methods at Gizbo as they offer a wide range of options. The bookie supports options such as the classic bank transfer and credit & debit cards like Visa and Mastercard. Other options include eWallets like Paypal and Skrill and cryptocurrencies like Bitcoin, Ethereum and Litecoin. Each of these banking methods has its advantages and disadvantages. For instance, eWallets are fast, but cryptocurrencies provide anonymity, while bank transfers can be slower. You should choose your preferred payment option based on your needs and preferences.

It is important to note that you can only place withdrawals using the same payment option you used for depositing.

Payment Method	Min-Max Deposit	Transaction Time	Min-Max Withdrawal	Transaction Time	Withdrawal Fee
Credit/Debit Card	€10 – €4,000	Instant	€20 – €4,000	1-3 business days	N/A
	€10 – €4,000	Instant	€20 – €4,000	2-24 hours	N/A
Cryptocurrency	€5 – €100,000	Instant	€20 – €100,000	Up to 48 hours	N/A
	€10 – €4,000	1-2 days	€20 – €4,000	1-3 business days	N/A

Limits

Aside from the limits in the table above, there are other limits that bettors should be aware of. For one, if you attempt to withdraw €1,250 or more, Gizbo will perform a verification process that requires you to submit your ID and other documents. A similar process is performed if you’ve made a total deposit of €2000.

While the maximum monthly withdrawal limit is €125 000, your position on the VIP program can also influence your withdrawal limit. For instance, Legend offers an unlimited withdrawal, Master has a withdrawal limit of €10,000, while Explorer and Started have a daily withdrawal limit of €4,000 limit.

The minimum deposit at Gizbo bookie is €10 and the maximum is usually €4,000 unless you use cryptocurrency, which could go as high as €100,000. At Gizbo, you can bet as low as €0.10. The highest you can bet depends on th market and event, but you bet as high as €1,000,000 in most cases.

Sports betting at Gizbo

Gizbo Bookmaker offers Latvia bettors a wide range of over 50 sports to bet on, from popular sports like Football and Basketball to more niche ones like eSports and Darts. On the sportsbook page, there is a top match section and an upcoming matches one detailing future Matches. Similarly, there is a live section and another for multi bets of the day.

Below are some of the sports offered:

Gizbo also offers local and international leagues, such as the NBA, NHL, EuroLeague, EPL, LaLiga, and Seria A.

Live betting

Gizbo offers the Live betting feature, which not only lets you place bets while the game is ongoing, but also allows you to make changes to your bets as the game progresses. Bettors can take advantage of this live betting feature and others, like the early cashout, to maximize their potential cashout so they can exit the game while it is still favorable. Some of the sports that are popular for live betting are Football, tennis, basketball and virtual ports.

Gizbo has over 250 live bets and real-time statistics on ongoing matches.

Gizbo: Casino Section

Gizbo also has a casino section which you can easily navigate to at the top center of the website. Just like the sportsbook, the casino section has a lucrative welcome bonus of 150% up to €600. The casino carries different types of gamEs; from online slots to Instant games, Table games, jackpots and live casino. Their over 4,000 casino games are from popular software providers like Play n Go, Pragmatic Play, Novomatic, and Hacksaw.

Gizbo Mobile App

Mobile betting has become more mainstream over the past few decades and Gizbo sportsbook is committed to giving their bettors a flawless mobile betting experience. From their website which is fully optimized for mobile device to the Gizbo mobile app which is available to Latvian players on both iOS and Android devices. This mobile app has all the functionalities and features of the desktop version of this sportsbook.

The mobile app can be downloaded via Apple Store and PlayStore or you can simply navigate to the bottom part of the website where you can download the app.

Gizbo Odds & Margins

Gizbo’s odds are some of the most competitive in the Latvian market. It doesn’t matter the match’s popularity; you can always count on the bookie to have a very low margin. This means you get to enjoy better rewards on all your winning bets.

Customer Support and Available languages

It is important that bettors receive prompt and helpful support when they run into issues while betting or even when they have inquiries. Gizbo excels in this aspect as they not only offer 3 channels for bettors to contact support, but they also respond in a timely manner.

Awards and Recognitions

Gizbo is a relatively new sportsbook and, as such, hasn’t earned any awards. However, we are confident that with the quality of their service, it is only a matter of time before they clinch a few.

Usability, design and user experience

Main Page

VIP Club

Main Menu

The Gizbo sportsbook website has a neat layout, making navigation easy even for new bettors. Similarly, the graphics are crisp and clear. The mobile app has an intuitive layout, with bold and clear titles for each so that bettors can find their way around the app easily.

Both the mobile app and the website have a fast loading time, making the betting process seamless for users. The sign up process for new players is also convenient and straoghtforward and can be completed within just a few minutes.

Responsible Gambling

Gizbo is committed to promoting responsible gambling practices in more ways than one. They offer the self-exclusion tool so that players can set limits to depositing and betting so they dont slip into an unhealthy betting habit.

Gizbo is also affiliated with organizations that are committed to responsible gaming, like Gambling Therapy, Gamblers Anonymous, and GamCare.