LV Bet has temporarily suspended all welcome bonuses for UK punters. Thankfully, the experts at My Betting Bonus have reviewed all of the best online sportsbooks in the UK, so we can recommend three top bookies as alternatives.
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LV Bet Review – A Rising Star On The Sports Betting Scene!
LV Bet was founded in 2016 and is a relative newcomer to the UK betting scene. Based and licenced in Malta, they are also licenced by the UK Gambling Commission. LV Bet offers betting across a good selection of sports, though horse racing is off the menu. In this LV Bet review, you will find out all there is to know about this new betting site.
We look closely at their welcome offer, a deposit bonus worth up to £50. Other things we take into consideration are market depth, odds quality and we also put their customer service and approach to responsible gambling under the microscope. If you are looking for a new bookie and are thinking about taking the plunge with LV Bet, this review makes for essential reading.
LV Bet Review – Top Five Features
- Excellent range of sports
- A huge amount of markets for football
- Live Betting on desktop and mobile
- Cash Out available
- Licensed in the UK and Malta
LV Bet Welcome Offer: 50% Deposit Bonus Up To £50
New LV Bet customers can avail of a very nice welcome offer. Claiming the LVBet welcome bonus couldn’t be easier. All you need to do is open an account and select the sports welcome offer option when prompted. Then make a deposit and they will match 50% of it with a bonus up to a maximum of £50.
Certain deposit methods are excluded from this offer, including Neteller and Skrill. The minimum amount you can deposit to qualify is £10 and this would earn a £5 bonus. To get the maximum bonus a £100 deposit is required. However, the bonus is subject to strict turnover requirements and you can find out more about those in the next section…
How To Get The LV Bet Sign Up Offer
- Register with LV Bet.
- Choose the ‘Sports Bonus’ when asked before making your deposit.
- You will receive a 50% real cash bonus on your first deposit.
- Do not use Neteller or Skrill for your first deposit or this offer will not stand.
- Minimum deposit/bonus £10/£5; Maximum deposit/bonus £100/£50.
- Value of bonus must be turned over 15x within 21 Days.
- Only 2+leg combo bets (minimum odds 1.25 (1/4) per leg) with combined odds of 1.80 (4/5) count. towards turnover requirements.
- See below for key terms and conditions of the LV Bet welcome offer.
LV Bet Welcome Bonus Significant T&Cs
- 18+
- New UK customers only.
- Skrill and Neteller deposits excluded.
- Bets on virtual sports do not count towards turnover requirements.
- Bonus must be turned over 15x before withdrawals can be made.
- Only combo bets count for turnover purposes (2 legs, minimum odds per leg 1/4, minimum total odds 4/5).
- Bonus forfeited if turnover target not met within 21 days.
- Full T&Cs apply.
LV Bet Promotions – Quality Rather Than Quantity
Apart from the LV Bet welcome offer, LV Bet promotions are pretty thin on the ground. At the time of writing, they only had a couple of promotions for existing customers on their site. LV Bet has a ‘Superduper Bet’ offer, a daily enhanced odds offer. You can also take advantage of the acca boost promotion. If you want to know more about these specials, we look at them in detail below…
Up To 20% Odds Boost With Superduper Bet!
The LV Bet Superduper Bet offer is a daily special where LV Bet enhances the odds on a market by up to 20%. You cannot choose your own selections to boost, the Superduper Bet is chosen for you. More often than not it will be a football double.
The daily bonus on the day we wrote this review was a good example of what you can expect from this promotion. LV Bet was offering 17/10 on the Leicester to beat Burnley and Liverpool to beat Man Utd double, enhanced from just under 16/10. The minimum enhancement for this promotion is 5% and the maximum is 20%.
LV Bet Acca Boost – Get Up To £250 Extra!
The LV Bet acca boost offer is the only other promotion currently available. In order to qualify for this offer, you need to place a winning accumulator with a minimum of 4 legs. The size of the bonus applied to your winnings depends on the number of selections you include in your acca.
The minimum amount of legs required to get the bonus is 4 and that will earn a 5% boost. 5 selections gets 10%, 6 legs gets 15%, 7 selections gets 20% while an 8 leg winning acca will receive a very tasty 25% boost. The minimum qualifying stake is £5 and minimum total odds are 3/1. The max bonus is £250, check the site for full T&Cs.
Lots Of Sports But No Horse Racing
We were pretty impressed by the range of sports available at LV Bet. However, if you are primarily a horse racing punter you are not catered for at LV Bet. They do not have horse racing betting available and given that betting on the gee gees is extremely popular in Britain, this is a big negative.
On the plus side, LV Bet has markets available for almost every other sport you can think of. They are official betting partners of the Vanarama League so it is no surprise that a huge range of football betting markets are available from leagues and cups around the world. There are upwards of 350 markets available for Premier League matches.
There are lots of other sports to choose from if you sign up with LV Bet. In fact, there are over 30 sports available, including e-sports and other niche events like Sumo Wrestling, Chess and Table Tennis.
You can bet on all the more mainstream sports too, including cricket (The Ashes), rugby, boxing, MMA and American football. Our only gripe was that the sports are not listed in alphabetical order so it took longer than it should to find the sport we were looking for. Other than that, the LV Bet site works pretty well and we especially liked the Betslip and the multiple options for combi and system bets.
LV Bet VIP Scheme – Plenty Of Perks For Loyal Customers
LVBet is in the business of rewarding their customers’ loyalty and if you become a VIP you’ll soon be enjoying lots of extras that really do make you feel very important! Like all of the best exclusive clubs, you can’t just apply to join. It is strictly by invitation only. Below you can see some of the cool perks that LV Bet customers receive when they get invited to the LV Bet VIP Club.
- A personal account manager at your beck and call.
- Exclusive and personalised rewards and promotions.
- Faster withdrawals.
- Any issues you raise will be given top priority by your account manager.
- Get tickets to exclusive LV Bet VIP events like match tickets or a day out at the races.
Deposit and Withdrawal Methods
If you want to bet with LV Bet you will need to fund your account and if you win, you’ll need somewhere to withdraw your winnings to. So, if you are wondering about LV Bet deposit methods or withdrawals, you are most definitely in the right place.
LV Bet accepts deposits from Visa debit cards but unfortunately, you cannot use debit MasterCards. PayPal is unavailable too, though you can use Neteller, Skrill, and Paysafecard as well as a couple of other methods. Withdrawals must be made via the same method used to deposit the original funds, wherever possible.
LV Bet Deposit Limits and Withdrawal Times
| Payment Method | Min Deposit / Min Withdrawal | Withdrawal Time |
| Debit Cards | £10 / £20 | 3-5 Working Days |
| Trustly | £10 / £20 | 3-5 Working Days |
| Neteller | £10 / £20 | 3-5 Working Days |
| Paysafecard | £10 / N/A | N/A |
| Skrill | £10 / £20 | 3-5 Working Days |
| MuchBetter | £10 / £20 | 3-5 Working Days |
LV Bet and Neteller – A Match Made In Heaven
If you are looking for a safe, secure and convenient way to fund your LV Bet account, Neteller fits the bill perfectly. This e-wallet is ideal for making both deposits and withdrawals and they usually process payments pretty quickly. It can take up to 3 days to process withdrawals but that is the case for all payment methods. Deposits are instant with Neteller but don’t use it for your first deposit if you want to claim the welcome bonus.
LV Bet Cash Out – Get Out While The Going Is Good!
LV Bet has an early cash out facility available for certain multi and single bets. They don’t state what sports the cash out facility is available for but it is most likely that it is only available for sports they have live betting markets for. The way to find out if you can get out of a bet early is to look for the red ‘Cash Out’ icon underneath the ‘My Bets’ tab.
If you see this logo it means that early cash out is available on your wager. The size of the offer is completely dependent on the current odds of your remaining selections. All you need to do is click on ‘My Bets’, check the cash out offer and if you like the look of it click on the Cash Out button, take the money and run!
LV Bet Mobile Betting – Bet On Android and IOS Apps
Betting on the move with LV Bet is a pleasure thanks to their well designed mobile apps. The LV Bet mobile apps are easy to use and unlike the desktop site, the sports are listed alphabetically. It is simple to navigate and we were pretty impressed by the smoothness and fast page load times.
It takes two clicks to make a selection and bring up the betslip, then you have to enter your stake. There are autofill options for £10, £20, £50 and £100 but if you want to bet another amount you have to enter it yourself. This takes a bit of time and is not ideal for those partaking in live betting. Odds change very quickly and it is deeply frustrating missing a price because of an extra click or two.
Apart from that issue, the LV Mobile Apps were pretty good. The iOS version can be downloaded for free from the App Store, while the Android version is available from the Play Store. Those who use other devices can still bet on mobile via their mobile browser, just visit LV Bet and use their web app!
No Live Streaming Available
At the current time, LV Bet does not have live streaming of any sports. This is a real pity but it is early days for them and it would be no surprise if they launched a streaming service in the future if they continue to grow.
Lots Of Live Betting Opportunities
If Live Betting is your thing then you will love the LV Bet Live Betting suite. You can bet live on a very good selection of sports, including football, ice hockey, cricket, boxing, NFL, Basketball and lots more. LV Bet provides plenty of markets for punters to pick from too, with just under 70 different options for Premier League fixtures.
You can bet live on desktop and on your mobile device with LV Bet. As we briefly mentioned earlier, it takes too long to place a bet on mobile and this has a knock on effect on the LV Bet mobile live betting experience. You’ll need to have very fast fingers to ensure you get on at the price you want!
Is LV Bet Legit?
So, can LV Bet be trusted to keep your sensitive data and financial information safe? The fact that they hold licences issued by both the Malta and UK Gambling commissions is a good indication that LV Bet is a trustworthy betting site.
We had a close look at their privacy policy and it revealed that LV Bet is fully compliant with all relevant EU laws relating to data protection and GDPR. All transactions are encrypted using the very latest in SSL (Secure Socket Layer) encryption technology that is of the highest standard.
LV Bet Customer Service – Live Chat from 7am to 10pm
If you need a helping hand from a representative, the quickest way to get in touch is via the Live Chat facility. Operators are available from 7am to 10pm (BST) 7 days a week. There is also an option to send a query via the email form on the ‘Support’ page. The final option is to use the phone and you can call LV Bet between 9am and 7pm (GMT) daily. All the relevant contact details are listed below…
LV Bet Contact Details
- Live Chat – Available in English and Polish from 7am to 10pm (BST).
- Telephone: Phone +356 27 780 032.
- Via form on ‘Support’ Page.
LV Bet Provide A Safe Gambling Environment
It is crucial in our eyes that betting sites take the promotion of safe and responsible gambling seriously. We are happy to report that LV Bet is of the same mindset and they have added a number of features to help prevent your betting habits from spiralling out of control.
The responsible gambling tools that you can use include Deposit Limits; Stake/Loss Limits; Session Time Limits and Self Exclusion. There is also a Take a Break facility that enables you to block access to the site for 24 hours, a week or 30 Days. If you feel you need to talk to someone about your gambling, links are available on the LV Bet responsible gambling page.
LV Bet – Lots To Like But Room To Improve!
We take all the positives and negatives into account when writing our reviews and LV Bet has lots of both. We saw a number of areas where improvements could be made, including the speed of placing a bet on mobile and a number of other pretty minor issues. The biggest negative is the lack of horse racing betting.
However, the positives outweigh the negatives in our opinion. The LV Bet VIP program rewards loyalty, which is always nice. While they haven’t got a large number of promotions, the quality of the ones they do have compensates for that.
The LV Bet welcome offer is pretty good too. So, if you are on the lookout for a new, up and coming betting site, take a chance on these guys. We don’t think you’ll be disappointed.
LV Bet FAQs
Can UK customers open an account with LV Bet?
If you are a UK resident you can open an account with LV Bet. However, our Irish based readers will not be able to sign up due to geographical restrictions. If you do open an account make sure to take full advantage of the LV Bet £50 new customer deposit bonus.
Does LV Bet have a mobile app?
Yes, if you have an Android or Apple device you can download the LV Bet mobile app. The Android app is available from the Google Play Store. If you want to download the iOS LV Bet App, head to the App Store. Users of other mobile platforms can bet via the LV Bet web app using their mobile browsers.
What is the LV Bet Sign Up Offer?
If you sign up with LV Bet you can claim a £50 welcome bonus. The LV Bet sign up offer is a 50% deposit bonus, so to get the full £50 you’ll need to make a first deposit of £100 and opt in for the sportsbook offer. The bonus cash is subject to strict turnover and wagering requirements, scroll back up the page for more details.
