LV Bet started out in 2015. It’s a casino and sportsbook that we’ve found to be pretty good in parts, and pretty average in other parts. It’s a similar feeling online with some players raving about them and others saying how bad they are.
But where will you land? Read our LV Bet review below for all the important parts so you can make your mind up.
1. Is LV Bet legit?
LV bet was launched in 2015 at the same time as its parent company, Fairload Ltd. They are a Malta-based organisation and LV Bet is their only casino.
LV Bet currently has a gambling license from the UK Gambling Commission. This is pretty hard to obtain but is needed to operate legally in Great Britain. The Gambling Commission’s rules are very strict and outline how to keep players safe. It’s a very good indication that LV Bet is legit and not a scam.
The company has not been floated on the stock market, so people cannot currently buy shares in them. This is quite normal in the online gambling world and isn’t anything suspicious.
2. LV Bet no deposit bonus (and promo code 2021)
Most casinos offer pretty big bonuses to new players to attract them. LV Bet does the complete opposite.
They do have an LV Bet no deposit bonus for UK players. This is an exclusive offer on Gamblermeister so make sure to take note of the details below:
- 10 Spins
- No deposit bonus code: BFCAVE
They started offering free spins on registration no deposit UK at the start of 2021. While it’s not the biggest offer, the wagering is relatively low – so that’s at least quite good. Here are the main terms:
18+. 10 LV SPINS (0.30 each) on Cave of Fortune™. Enter BFCAVE promo code under the Balance and Bonuses->Promo Code page. Wagering req. 25x which must be fulfilled on BF games. Max transferable *or withdrawable of €/£50 upon completion of the wagering req. Valid until 31/05/2021 23:59 CEST. Country limitations and other *T&Cs Apply. Gamble Responsibly. Begambleaware.org. Gamblingtherapy.org
After that, there’s… nothing.
Seriously, if you make a first deposit then there is no bonus currently available. Pretty much all other casinos do give you something. So we would totally understand selecting a best first deposit bonus casino UK instead.
You might be able to get a deposit bonus if you become a loyal player. They have promotions running throughout the year on their Promotions page, for example. But overall, it’s very weird not to offer a first deposit bonus.
3. LV Bet Customer Support
LV Bet has several ways to contact them if you need support:
- Live chat
- Contact form
The live chat and phone features are real-time and immediate, so if you need help ASAP then these are your best bet. But they don’t operate 24/7…
Not operating 24/7 via phone we can understand. But live chat should be. It’s pretty much a staple feature of top online casinos UK. But for now, you can contact live chat between 7am – 10pm, and the phone operates between 9am – 7pm.
The contact form and email are helpful if your issue isn’t pressing, or if you need to send files.
LV Bet also have an FAQ section which is semi-decent. A lot of common questions are answered there but a few obvious ones are missing.
4. Banking methods (do LV Bet actually pay out?)
There’s a long list of ways to pay and get paid at LV Bet.
Since January 2021, they finally offered PayPal for UK players. They were pretty slow at adding this but we’re happy they got there in the end.
Other common payment methods like Neteller, Skrill, Visa, Mastercard, Paysafecard, and others are supported. They’ve also got MuchBetter which is a relatively new e-wallet.
All withdrawals need to be approved before they are processed. This can cause a delay which is annoying. But all UK casinos must do this because of their Gambling Commission license. What is good is that LV Bet are an instant withdrawal casino UK. This means they have methods that can payout instantly.
What’s bad is that you can only make one free withdrawal a week. Any other payouts will cost £5. We could charging players who make small withdrawals every other day. But what if you win big a couple of times in the same week and want to take that money out? Being charged a fiver for that does not seem good.
5. What do players say about LV Bet online?
If we look at the LV Bet Trustpilot page, we can see that they currently have a rating of poor:
This is not a good score for a casino site, particularly one that has been open since 2015, and, has, therefore had plenty of time to make sure they’re keeping their customers happy.
As we can see, the reason for the LV Bet ‘poor’ rating is because they have just as many ‘bad’ ratings as all of their other rating combined. And, if you consider ‘average’, ‘poor’, and ‘bad’ to review that a casino wouldn’t want, then these together total just short of 2/3rds of their reviews:
If we look further at how their bad reviews have accumulated over time, we can see that the majority of them have occurred within the last 7 months (at the time of writing). In other words, over the last half-year customers have had bad things to say about LV Bet, but 12 months ago customers had better things to say about them:
It’s possible that this is, therefore, simply a bad streak for them, and that in the near future, they’ll return to better form.
With all of that said, we can see one prominent theme throughout the negative reviews/complaints: the verification process. Many customers complain that their verification has taken a long time and that LV Bet has hindered their withdrawals by asking for more verification documents.
This is a common complaint with casino reviewers, and in most instances, the casinos’ hands are tied. They must – as a legal requirement – have sufficient quality evidence to authenticate a person’s identity, as we mentioned above.
LV Bet Review Summary
Overall, LV Bet has positives and negatives.
They offer PayPal payments and other good banking methods – but then charge people for making more than one withdrawal in a week.
They have a lot of customer support options – but they aren’t available 24/7.
They do have bonuses – but not for a first deposit.
However, with a UK Gambling Commission license, there’s no doubt that they are credible.
If you like the sound of LV Bet, come back and leave a review once you’ve played a bit. It’s always good to hear directly from our readers about what they think.