Vbet is not the best known name over the Internet, but the bookmaker has solid foundations. It builds on the popularity of the retail bookmaker chain founded in 2003 by Vivaro Betting. These guys are important players in Eastern Europe and are the leading company for gambling in Armenia. With more than 100 outlets, they decided to expand online and made significant steps forward over the last decade.
The partnership with Bet Construct in 2008 helped them fulfill most of their goals. Those who reside in Eastern European countries can now bet here and even enjoy special terms and bonuses. They are trying to improve the betting interface and to make live betting better for those who choose them. In terms of security, the company has applied and was grantded a Maltese and UK Gambling Commission license
Key facts about Vbet
- Vbet used to be a niche bookmaker that sets important milestone since 2008.
- The website is simplistic, with few features but easy to navigate.
- Vbet has more than 100 of betting stores in Armenia and overall a strong land-based presence.
- Their promotions are lacking and the company doesn’t offer a welcome bonus.
- Vbet has significantly improved its in-play format, even though live streaming isn’t offered yet.
Vbet Sports and Odds
Vbet sports are diverse and include soccer, tennis, golf, rugby, cricket, snooker, darts, F1, basketball, baseball and American sports. A closer look at their offer will highlight the fact that Armenians and Eastern European leagues are well covered. Even compared to bigger sports betting companies such as McBookie, Redbet, Spreadex, Novibet and Football Pool, they are better suited for local players.
The house edge is on par with the industry average, but that’s the standard value for all sports combined. Players can improve their chances to win by focusing on a couple of sports that are more lucrative. For instance, ice hockey odds are better if you bet on the NHL than if you focus on European competitions. Furthermore, this league is blessed with more markets than any of its counterparts and players have on average 80 bats to make on every game. These include match results, goals in each period, correct score and match handicap.
Spread betting is also very popular among those who bet on American football and basketball. The return on investment here is slightly lower than if you were to bet on ice hockey. The same goes for soccer, or football and it is called on the other side of the Atlantic. On the bright side, this sport benefits from the most and best markets, providing real alternatives to savvy punters. The bookmaker has an eclectic mix of Eastern European leagues and markets focused on UK and continental football.
Vbet is working on expanding the number of markets on obscure sports and leagues from all over the world. Boxing is among the fastest growing sports, with middleweight and super-middleweight being the stars of the show. Players can bet on winners, as well as the total number of rounds and winning method.
Live Betting and Streaming at Vbet
Vbet live betting is surprisingly good, for an Eastern European bookmaker. They cover all sports and touch all bases with their numerous betting markets. The one thing they don’t do that well is to provide players with a live streaming feature. This could all change as a result of their partnership with BetConstruct, which has the technology and the needed licenses. However, it’s been a while since this partnership was signed and there was no clear indicator that live streaming was to be added.
The Vbet mobile site loads quickly and players also have the option of downloading a dedicated app. This makes it even easier to navigate the website, while also making sports betting more convenient. Very functional and running smoothly on all devices, this app could use some visual improvements. It can be downloaded for free and doesn’t even require players to have an account.
Vbet promotions and bonuses
Vbet would’ve benefited greatly from the introduction of a welcome bonus. As they made the transition from land-based sports betting to the online arena, their customer base grew incrementally. Most of those who bet here are actually players who got the chance to place a bet or two in their land-based locations. Surprisingly enough, they don’t have any welcome bonus more than a decade after setting shop online.
The bookmaker promises that the experience itself and the bigger than average odds will make up for this lack of introductory offers. However, the promotions available are a far cry from what other bookies offer, particularly the industry leaders. One of the bright spots in their rotation is the Vbet quiz, which is actually a tipster competition. Participants are supposed to predict the results of various football matches and if they are successful, they receive money.
The number of events that players need to predict ranges from 6 to 10 and the winners will walk away with up to €40. Vbet promotions are not much more generous, so these amounts are probably the best deal. Players can attain VIP status or at least improve their position in the loyalty scheme leaderboard. As they move up the ladder, they can win cash prizes or tickets to Premier League matches.
Vbet casino and poker fans are twice as lucky because they also enjoy a welcome bonus. It’s downright puzzling why the bookmaker chose not to implement the same system for sports betting. All those who make a deposit of up to €300 will have it doubled, which is significantly more than average bonuses. There are of course wagering requirements that players need to meet but all of them are in line with the industry standard and what players expect.
How do you register at Vbet?
The registration process begins with players choosing a username and email address, before moving on to the next stage. In order to finalize registration, players need to answer a couple of security questions and add a promotional code if needed. Given the lack of active campaigns, the use of such a promo code is probably not necessary. After checking all the boxes, players can press the Register button and start playing any of the games available.
Is Vbet safe and reliable?
Players at Vbet don’t have too many reasons to be concerned about security. The casino games are verified in-house by the software developers and then again by independent auditors. The SSL encryption technology protects the entire website as well as the information exchanged by players. Newcomers however might have second thoughts about a bookmaker that is based in Armenia. That’s exactly why they chose to apply for two licenses both in Malta and United Kingdom, to put those concerns to rest.
Payment options and cash out times at Vbet
MasterCard, Neteller, WireCard, Visa, EcoPayz, Moneta.ru, Skrill, AstroPay Card and WebMoney are the Vbet payment methods accepted. Bank transfers are not offered and the same goes for checks, but average withdrawals take less than five days. You can further decrease the waiting time to less than 24 hours by switching to electronic wallets. There is no withdrawal limit stated and you can make as many cash outs per month as you like.
The only thing that players should keep in mind is that the bookmaker has a standard pending period that applies to all cash outs. It is also forbidden for players to use different payment methods for deposits and withdrawals. Obviously, when players load their account using prepaid cards, they will have no option but to use a different cash out method.
Vbet service and support
Vbet customer support is available 24/7, but not all their specialists are English native speakers. They still do a fine job at helping players and are always friendly and professional. Members from Eastern Europe have a good chance to interact with experts in their native tongue, which is a plus. The live chat service is the latest addition to customer support, next to email and telephone.
What are others saying about Vbet?
Many Vbet reviews highlight the fact that players were pleasantly surprised by how professional this Armenian based bookmaker is. Those who had any misconceptions or second thoughts were proven wrong and most were not ashamed to admit it. On the flipside, virtually all new players were disappointed and some utterly frustrated by the absence of a welcome bonus. The quiz is nothing more than a consolation and definitely not enough to convince players to join.
My experience and rating of Vbet
I’ve had my fair share of experience with bookmakers from Eastern Europe and Vbet is one of the best operators. This is what makes it even more frustrating that they fail precisely where they were expected to shine. It’s beyond me why they don’t offer a traditional sign up bonus and why their promotions are so shallow. Their main concern should be to expand their customer base and are unlikely to succeed if they are so cheap. Everything else is pretty good and the absence of a live streaming service is excusable for a new company. All things considered, a review score of 7.5/10 should be fair.