Review
Sign up with FavBet
FavBet Betting Offers
The sports betting at FavBet is spread across three categories: Sports, Live, and Virtual (powered by Betradar, Vermantia, and Inspired). There are quite a few virtual events to choose from, and the members can bet on Football, Tennis, Basketball, Horse Racing, Dog Racing, Speedway, Cycling, Table Tennis, Speedway, and Formula 1.
If you would rather take your chances with real-life events, FavBet provides markets across more than 30 sports, including Chess, NASCAR, Hurling, Australian Football, MMA, Golf, Politics, and Specials (Nobel Prize, Eurovision, showbiz events, etc). For more efficient wagering process, the players can also enable the One-Click Betting feature and set automatic warnings if the odds change.
FavBet Live Stream
The privilege of watching live streams is reserved for FavBet members who have already placed their first deposit. Thanks to the FavBet TV, players with a balance higher than €10 (or those who placed bets of at least €1 in the last 48 hours) can watch video broadcasts of Soccer, Basketball, Tennis, Ice Hockey, Volleyball, Handball, Baseball, Futsal, Rugby League, Cyber Sports, and Table Tennis.
The streams are delayed around 3-5 seconds and the broadcasts will not be interrupted with adds. The upcoming events are displayed on the Live Event Calendar, which can be sorted by date or sport.
FavBet Bonus & Sign up Offers
New FavBet members will be eligible to claim the bookie’s risk-free bet (reimbursement of a losing bet) on any sports event – to unlock the offer, the players should select the option from the bet slip or tick “Make a Risk-Free Bet” in the FavBet mobile app.
How to get FavBet €10 Free Bet?
- Go to FavBet website.
- Sign up the account.
- Make your first deposit.
- Place a bet of maximum €10.
Before the bet is approved, the players must meet the following requirements:
- Bets should be placed on events with 1.5 or higher odds.
- Multiple (accumulator) bet must have at least 2.5 overall odds.
- The betting amount should not exceed €10.
- The bet must be placed within 10 days, otherwise, the offer will expire.
The risk-free bet covers virtual events as well, and the reimbursement will be loaded on the players’ account within one business day. A video tutorial of how to place the risk-free bet is also available on the FavBet promo page.
Players who decide to take part in FavBet Club can claim loyalty points on every bet with odds higher than 1.05. The points can then be exchanged in FavBet Shop for electronics, luxury items, clothing, or trips abroad, etc.
Finally, bettors can also claim a daily 10% bonus when their accumulator bet wins, as a part of FavBet ongoing promotion. The offer is limited to events selected by the operator and featured under Multiple of the Day.
Odds Comparison for FavBet
No surprises here, and if you would take a few minutes to compare FavBet with other online bookmakers, you wouldn’t notice any major discrepancies between the odds. In fact, FavBet comes with an advantage of imposing lower wagering requirements – while some bookies request the promotional bets to be placed on markets with at least 2.0 – 1.8 odds, FavBet drops the limit to 1.5.
FavBet Mobile Application
FavBet is optimized for mobile devices, but the players who like betting on-the-go can also download and install FavBet App directly from the site. Some of the advantages of the app are fast deposit/withdrawal processes, instant access to all live streams and schedules of upcoming events, and hassle-free betting.
Payment Methods with FavBet
FavBet accepts a wide range of payment methods, with 0% commission deducted on the deposit transactions (Russian Post deposits are an exception as 2% commission fee will be applied). In addition to Visa, Maestro, and MasterCard, FavBet members can fund their cashiers via Skrill, Neteller, Yandex.Money, EcoPayz, BPay, AstroPay, Sofort, Qiwi, Boku, Poli, iDeal, Itau, bank transfer, etc.
Withdrawal & Deposit from FavBet
The deposits can be submitted in cryptocurrency (Bitcoin), GBP, EUR, RUB, and USD. The minimum amount is €10, and the processing time is instant.
As for withdrawals, the pending and settlement time depends on the selected method – in most cases, the funds will be released in 24 hours, with no transaction fees. The withdrawals are capped at €3,000 and the maximum winning amount (per slip) is limited to €100,000.
Customer Service at FavBet
FavBet's FAQ page contains all the vital information about the sports betting rules, types of bets, live streams, loyalty program, Virtual Sports, etc. Anything that’s not covered in the Help section can be discussed in English, Russian, or Ukrainian with the customer support representatives over the phone (+ 35722008675), email, and live chat. The complaints should be submitted via the same channels or reported to [email protected]
Is FavBet Legal?
The betting services at FavBet are provided under a sublicence granted by Antillephone N.V, and licence number 8048/JAZ issued by the Government of Curacao. Although the site is owned by Favorit United N.V, the payments are handled by BINTPASH Ltd, a company registered in Cyprus.
With regards to the players’ sensitive information, FavBet operator handles the data in accordance with the Personal Data Protection Act of Curacao and European personal data protection laws. It should also be mentioned that Favorit United N.V is associated with Federbet organization of casino owners and bookmakers, formed to protect the integrity of sports betting.
FavBet Review – Final Verdict
Any bookmaker that stays on the market for 20 years must be doing something right, especially nowadays, when the competition is quick to push aside those who are incapable of “getting with the program”. The selection of markets, live broadcasts, and Virtual Sports is exceptional, and it is highly unlikely that one will leave the site feeling disappointed with the offer. There is, however, one drawback that can be a bit frustrating to some players, and you've probably guessed that I am talking about the welcome offer. Risk-free bets are great, but bonus cash is even better, right? With that said, FavBet does not shy away from short-term promotions, which will compensate for the lack of the more generous sign-up deal.
