BetOnBit Esports Review
BetOnBit is a new player in the gambling industry, but it’s already managed to set itself apart from other esports bookmakers. This site has all the moving parts of a solid esportsbook, and you can expect it to provide broad markets, wide gaming coverage, and competitive LoL betting odds. It also adds an RPG flair to your betting experience.
BetOnBit customers have a unique opportunity to create and level up their own on-site character. Every wager you make counts towards your progress, and the stronger your character gets, the bigger the bonuses you receive.
On top of that, BetOnBit is one of the few bookies that support cryptocurrency betting and allow you to remain completely anonymous! Making Bitcoin or Ethereum deposits is very much the norm here, and you will rarely—if ever—be asked to confirm your identity if you decide to partake in crypto gambling. Of course, this raises the question: Is anonymous betting safe, and is BetOnBit legit?
It certainly seems so at first glance. Despite being a very new provider, BetOnBit already has a gambling license from the Government of Costa Rica. The platform also subscribes to Responsible Gambling Council’s (RGC) principles, so you’re unlikely to run into any predatory tactics employed by some of the shadier betting sites in the industry. Still, first impressions can be misleading, so we’ve prepared a detailed BetOnBit review to help you decide whether this site deserves your trust and provides enough value for your LoL esports betting needs!
No deposit bonus, but a strong customer loyalty program
The first thing we found in our BetOnBit esports betting review is that the bonus offer is noticeably missing. A good gambling promotion is a great way of setting yourself up for success and extracting more value from your wagers, so its absence doesn’t exactly speak in BetOnBit’s favor. Don’t be quick to give up on this site, though, because it makes up for the lack of bonus offer with a rewarding (and creative) loyalty program.
We’ve mentioned this at the start of our BetOnBit review, but this bookie grants you the ability to create your own on-site character. At first, your character is a blank slate, but you can customize it by gambling on the platform and gaining items and experience. The former will give you flat bonuses to one of the six stats—Pay Out, Experience, Gold, Better Chance to Find Play Money, Better Chance to Find Items, and Critical Odds Chance. The latter will grant you skill points, which you can manually distribute between the same six stats.
So what does this mean in practice? Well, putting more points into Pay Out will straight-up increase the amount of money you get from your bets, critical odds chance will provide a small probability of doubling up your winnings, and the other four stats will make it easier to further strengthen your character. On top of that, BetOnBit sets its customers up with daily login bonuses, so even something as simple as signing into your account will earn you small on-site rewards. Of course, this loyalty program doesn’t grant the same instantaneous benefits as conventional promotions, but it does provide a lot of value in the long term.
Wide LoL coverage and a focused selection of betting markets
It’s no secret that betting markets are the cornerstone of a gambling platform. Our BetOnBit review discovered ample opportunities for League of Legends wagering. You should have no issues placing wagers on major LoL tournaments like Mid-Season Invitational, World Championship, and Rift Rivals. Moreover, BetOnBit covers large-scale leagues like the LCS, LEC, LCK, and LPL as well as smaller competitions like the LJL, VCS, and even Turkey Academy.
Most LoL esports betting odds are for match winner (BetOnBit labels it ‘full-time result’) and map winner markets, but you can also encounter handicap wagers and other betting options for some of the most anticipated games. This selection might not seem like much, but it does create a perfect environment for focusing your betting skills on a handful of dedicated markets. And considering the most straightforward markets are often the most profitable ones, BetOnBit provides good moneymaking opportunities to rookie bettors and veteran gamblers alike.
Comprehensive FAQ, detailed video tutorials, and customer support via email
Of course, even the most thoughtful betting experience can be undermined by horrid customer service. Whenever you’re talking about staking your hard-earned money on esports live odds, the last things you want to run into are technical issues and unresponsive support staff. Fortunately, BetOnBit doesn’t suffer from these problems.
The site does a good job of explaining the basics of esports gambling and breaking down some of its more intricate features in the FAQ section. There, you will be able to learn everything you need to know about esports Bitcoin betting, character creation, and account verification. BetOnBit also provides a number of quick video tutorials that walk you through every single aspect of the site.
If you need to resolve more pressing matters, you can get in touch with the supporting staff by shooting them a message through the on-site Contact Us form. The response times usually don’t take longer than 24 hours. It’s worth noting that BetOnBit has Twitter and Facebook accounts, so there’s a good chance you can get in touch with the site’s representatives there.
No credit card deposits, but good choice of e-wallets and cryptocurrencies
If you want to get in on the BetOnBit esports betting action, you need to know how to make a deposit. The first thing you’ll notice is that Visa/MasterCard deposits are noticeably absent. It appears that this is a recent change, and you can still request a withdrawal via your debit or credit card, but—for some reason—getting funds onto your gambling account with this payment method is no longer an option.
Luckily, you can use e-wallets like Skrill and Neteller as alternatives. On top of that, you can make a deposit via Bitcoin, Ethereum, and even Bitcoin Cash. Cryptocurrency betting at BetOnBit is completely anonymous, which can be a good way of circumventing country restrictions and protecting your personal information. Keep in mind, though, that you can only make one free withdrawal per month. Going over this limit will subject you to the following fees: 4% of the withdrawal amount for regular funds and a default network fee for cryptocurrencies.
SECURITY AND SAFETY
Government of Costa Rica license and anonymous gambling
It’s only natural to want to know more about the safety and security of your betting platform, so we decided to give a comprehensive answer to the “Is BetOnBit legit?” question. The first thing you need to learn is that this site is licensed and regulated by the Government of Costa Rica. While this isn’t the most common betting license, the fact that an entire country effectively vouched for this site still provides a certain degree of certainty in the BetOnBit platform.
Another thing to consider is privacy. As we’ve mentioned before, it’s entirely possible to take part in the BetOnBit esports betting action on the basis of complete anonymity. Granted, this option is only available to cryptocurrency users, but it’s still a great choice for anyone that wants to reveal as little personal information as possible.
Competitive odds for LoL esports matches
Odds are one of the most important tools in a bettor’s toolkit. Generous odds make it much easier to get in the green and earn money via esports betting, but bad odds set you up for failure before you even place your first LoL wager. Fortunately, our BetOnBit review found a very compelling offer in the department.
The vast majority of markets here can compete with the odds from the best esports gambling platforms. As a rule of thumb, BetOnBit is slightly more generous when you’re placing wagers on underdogs, but you should have no issues discovering value betting opportunities elsewhere. Unfortunately, we didn’t find any esports live odds, so in-play betting fans are unlikely to get much action on this platform.
INTERFACE AND DESIGN
Clean design and straightforward interface
The first thing we noticed during our BetOnBit esports betting review is how neat everything looks. Customers are greeted with a muted color scheme of black, gray, and blue that makes the site quite pleasant to work with. The homepage greets you with several highlights of BetOnBit’s most notable features as well as a list of upcoming matches for major esports titles. You can expand this list by navigating to the Betting tab at the top. There, you can sort all matches by game, tournaments, and other criteria through a handy filter menu.
BetOnBit also deserves credit for its transparency and customization options. Getting a comprehensive breakdown of your betting history is as easy as clicking on the My Bets category, and if you want to go even more in-depth, you can click on the Transactions tab is right next to it. You can also customize your odds (Decimal, Fractional, American) and tweak your currency format in My Account section.
It’s worth noting that BetOnBit has features that’s completely foreign to most betting sites. The best examples of this are the Character and Auction House tabs that provide you with character customization options. Despite their novelty, both sections are intuitive and easy to navigate, so you will have no issues managing items and distributing skill points.
Live betting section is noticeably absent
No bookmaker is perfect, and BetOnBit is no exception. Our BetOnBit esports betting review found the live betting section to be noticeably absent. That’s right, there are no in-play betting markets on this platform. One way of working around this is placing your wagers in advance and following the action in a separate Twitch or YouTube tab, but—admittedly—it’s a poor solution for anyone interested in betting on LoL matches live. There is a chance that BetOnBit will introduce this feature in the future, but for now, we’ll award this section an average mark of 6 as a placeholder.
What limits can you expect on BetOnBit esports wagers?
BetOnBit limits are perfect for recreational bettors and anyone that’s getting started in the exciting world of esports gambling. You can wager as little as €0.20 on a single bet, so you can learn the ins and outs of betting without putting too much money on the line. And if you’re gambling with Bitcoin, you don’t have to risk more than 0.00015 BTC per bet.
However, seasoned bettors might have some gripes against BetOnBit’s upper limits. For starters, you can’t win more than €1,000 within a 24-hour time frame, which might feel restrictive if you want to make high-stakes gambles on LoL esports matches. Moreover, the maximum bet amount hovers between €15 and €200, so there’s only so much you can win from a single League of Legends wager.
OTHER SPECIAL FEATURES
Monthly leaderboards and play money betting
We’ve already mentioned BetOnBit’s character creation, so we won’t be diving into this topic again in the other special features category. However, it’s worth noting that BetOnBit has leaderboards. There, you can see a list of the top-10 bettors with the most experience points on the site. The list isn’t just for show either, as bettors are rewarded with real money prizes for being fourth, third, second, and first in the leaderboards at the end of each month.
BetOnBit also grants you an option of gambling with play money. This might not seem like much on the surface, but it’s an absolute godsend to anyone that’s just getting into esports betting. After all, it’s much easier to learn the ropes in a comfortable, risk-free environment.
Why gamble at BetOnBit?
BetOnBit isn’t for everyone. The strict limits and the absence of live betting markets might put off high-stakes gamblers and veteran bettors. However, our BetOnBit review discovered a perfect environment for recreational gamblers. Whether it’s intuitive design, competitive odds, straightforward betting markets, or the unique character creation system, BetOnBit does a lot of things to make your gambling experience smooth and exciting. Finally, anyone that values their privacy will appreciate anonymous cryptocurrency betting, and if that sounds like something you want from a gambling platform, there’s no better place than BetOnBit!