Favbet Sports Overview
Favbet was launched in 1999, and since then, it has become one of the leading sportsbooks in Eastern Europe. Although they started with their focus on Ukraine, it has expanded its business to serve Romania and the U.K. population.
Favbet was among the first bookies to offer bets on special events, such as e-sports, movie awards, and elections. It has attracted over 500,000 customers worldwide, and besides their online operations, they also have 1,000 brick-and-mortar houses. Favbet is licensed in Curacao.
Punters can enjoy betting on the available 31 markets on their favourite sports. Favbet betting processes deposits and withdrawals through an adequate number of payment options. They process withdrawals promptly and complete payouts within 24 hours. You can also rely on their undisputed 24/7 customer support.
So, how do you register?
Simply follow these simple steps.
- Visit their official page and click on the green “Join” button at the top right corner
- A drop-down screen will appear. Enter your email address and password and click the “Next” button.
- Enter your country of residence, full name, gender, and date of birth and submit. Add your mobile number, choose a secret question and provide the answer, opt-in to take part in the FavBetClub loyalty program, enter any promo code you might have, and click on the “Open Account and Start Winning” button.
Quality of the Platform and Website Usability
One of the most overlooked things when it comes to bookmakers is the design. Some providers believe that as long as they are offering enough sports to their players, they don’t have to invest in good-looking websites. The assumption is inaccurate, and Favbet understands that.
Their layout and platform design is classic with white and blue colour and a touch of green. Their font complements the elegance and simplicity of this site correctly.
Favbet website is easy to navigate and numerous browsing tools such as search button and filter buttons. New users as well as regular website visitors are guaranteed to find the site easy to maneuver. They have listed all the available sports and leagues on the side left bar, and you’ll also find their FAQ section on the right side. You can access the bet slip on top of the page, while the “Register” and “Sign In” buttons are on the upper right corner.
The central area is reserved for the most exciting events. Here, you’ll find a list of accumulator bets. After that, there is a block of the popular bets and a list of upcoming events below it.
If you choose to play from your mobile device, you’ll love the intuitive navigation. It makes mobile gaming a first-class experience. Favbet betting supports the following languages Ukrainian, English, Russian, Croatian and German to mention a few.
Available Games and Betting Options
Favbet betting covers a reasonable number of betting sports. They offer 31 individual markets, including football and boxing, and niche sports such as Biathlon and badminton. Players are also treated to a great variety of Asian Handicaps and Special Bets.
They play an emphasis on European sports, but you’ll also find other games, including tennis, American football, basketball, handball, rugby union and league, table tennis, chess, Auto Sports, Crossfit Games, and alpine skiing among many others. They also feature odds for e-sports such as League of Legends.
Their football coverage is okay as they offer games from all over the world. In England, they take betting as far as League 2, and also price up some non-league action, including F.A. Trophy their football market lags behind when compared to betting giants such as William Hill. However on match day, they increase their markets to almost 100, and thus, if you like betting on match day, you’ll have plenty of markets.
They offer a reasonable basketball depth with odds for various European leagues. You’ll also find NBA, Argentinian and Brazilian action on the platform. Favbet offers almost 50 additional NBA bet types.
Odds
Favbet offers punters four odds formats, namely Decimal, American, Fractional, and Hong Kong. Their football odds are a bit competitive, with the English Premier League attracting the most interest worldwide.
The matches produce a 106-107% book. Their odds on top European leagues and games are also less competitive. For example, Italy’s Serie A and La Liga in Spain are compiled an average of 108.5%.
They compile NBA markets to around 109.5-110% while the money line odds offer a more generous 105%.
In-Play Betting
The bookie features over 10,000 live betting events each month and offers players a huge choice of betting options and markets. However, despite their impressive number, most live betting options are football games, although you can also place live bets o hockey, volleyball, and tennis.
A great asset is the several numbers of handicap bets you are allowed to place on live games and their cutting-edge Speedbet option. The tool lets players determine their wager and automatically set their bets on prearranged fixtures.
During in-play betting, you can view events’ statistics and the game’s time. There are different markets to bet on, and the odds keep changing dynamically as the game’s time and result change.
Live Streaming
Favbet sports betting offer an attractive and well-developed live streaming section. Punters can watch over 200,000 events annually through Favbet TV. To access these events, you’ll need to have a minimum of €10. If you have a positive balance, you’ll need to have a minimum bet of €1.
The downside to this feature is that it’s only available in some countries. The platform compensates for this by displaying an innovative calendar that notifies punters whenever there is an exciting upcoming event.
Cash Out
Although Favbet is among the leading bookies in Eastern Europe, it’s yet to develop the cash-out feature. The feature gives punters better control of their bets, and it would be great to include it.
Favbet Bonuses and Promotions
Bonuses are a great way bookies use to attract customers. It’s, therefore, a mystery why Favbet doesn’t offer any welcome bonus to new players. However, they compensate for this shortcoming with other promotions.
For example, they offer a ‘multiple of the day,’ where they select a bet with 3-5 selections and boost the profits by 10%. Players can view the ‘multiple of the day’ by clicking on the promotions tab.
Risk-free Promo
You can also place risk-free bets on the website. The rule applies to all system, single, and express bets that you place on any event at odds of at least 2.5. The maximum amount you can win is €10 or your currency equivalent.
How does it work?
You place a wager on a game, and if you are successful, you win the amount resulting from the agreed odds and size of the stake. However, if you lose, the bookmaker refunds you up to €10 based on the stake size. T&Cs apply.
Mobile Bets Earn You Rewards
The bookie has sweet rewards for mobile players. For every tenth bet they make from their mobile devices, they get a sports mobile risk-free bet bonus. You have to place a stake of at least €1.5 at odds of at least 2.1. The maximum bet you can get is €10. The bonus works for both pre-match and in-play wagers.
Favbet Loyalty Program
When signing up, you can opt-in into their loyalty program. Whenever you place bets at odds of 1.05 or more, you accumulate points that can be converted into bonuses, free bets or real cash.
With each wager you make, your status increases. If you wish to be part of the program, visit the promo page.
Mobile Gaming
A great way to enjoy placing wagers at your favourite sportsbook is on your mobile device. It offers the freedom of betting while on the move without being restricted to your desktop. Favbet understands this and has come up with a solution by creating a mobile version.
You can access the bookie from your mobile device in two ways. The first one is via their downloadable app. However, they are yet to release an app for iOS devices as the one available only works on Android devices.
You can install the .apk file straight from their official site. Since the app is independent of the Google play store, you’ll have to deactivate your security settings to allow you to install from unknown sources.
The other option is faster and convenient for iOS users. It involves you accessing the bookie through their mobile version. To play, use the correct URL on your mobile browser. You’ll get the same services as you would on the desktop version.
To access the sportsbook from your mobile device, you’ll have to log in using your existing credentials (username and password).
Payment Options
This Favbet betting review would not be complete without mentioning the available withdrawal and deposit options. Some of their deposit methods include Skrill, Qiwi, Wallet One, Skrill 1-tap (available on mobile), Credit/Debit Card, Boku, Neteller, iDeal, Russian Post, PaysafeCard and Girpay among other local-based ones.
To withdraw, you can use any of these methods: ecoPayz, Skrill, Visa/MasterCard, Qiwi, Wallet One, Moneta.ru, Maestro and Yandex.Money.
There are limits imposed on withdrawals and deposits. There are no commissions charged on deposits, except for Russian Post where you’ll incur a 2% commission. Deposits are also instant. The minimum amount you can deposit is €10 for most options. Most withdrawals are processed within 24 hours. They accept these currencies Euro, U.S. Dollar, Russian Ruble, and Ukrainian Hryvnia.
Here is a table with different withdrawal and deposit options.
Customer Support
If you encounter any issues or you need clarification, you can reach Favbet team in various ways. They include:
- Live chat
- Phone
- Skype
Favbet sports, Canada is known for its exceptional customer support. Their live chat is available 24/7 to answer their players’ questions. You can always start by visiting their FAQ section. If you don’t get what you are looking for, don’t hesitate to get in touch with them.
Their phone option doesn’t work the old-fashioned way. You have to call them through the site and not via a number. The system will ask for permission to use your microphone, and if you don’t agree, you cannot make the call.
To accommodate everyone, they use various languages. However, sometimes they don’t have English speaking representatives. In such cases, players are advised to email them and wait for a response.
Safety and Reliability
Favbet is a fully legalized gaming house. It holds a Favorit United N.V. sublicense. It’s licensed in Curacao. Favorit adheres to every laid down rules and requirements by Curacao’s Personal Data Protection Act and those required by the European General Data Protection Regulation act.
As per the regulations, players can rest assured that their information is well-secured and will not be shared with third parties.
Affiliate Program
Favbet has become so popular that many people want to partner with it. With its extensive sports options, this Ukrainian bookmaker has a lot to offer those who wish to work with them as an affiliate.
Partners reach over 600,000 players, get prompt payments, and can generate high conversions from the available promotional materials.
Verdict
To conclude this Favbet sports review, it’s right to say that this sportsbook is worth your time and money. It has a wide selection of games to bet on, their customer service is top-notch, and they also have an affiliate program.
However, there are some things that Favbet needs to improve on, including introducing a welcome bonus and developing an app for iOS devices.
If you are looking for a sportsbook to start your betting experience, Favbet is a great starting point for both new and experienced bettors. Sign up today and enjoy all they have to offer you.
FAQ
- How long does it take for deposits to reflect on my Melbet account?Almost all deposits are processed instantly except for Cheque and bank transfers.
- Is there a sign up bonus on Melbet?Yes. Melbet offers a matched welcome bonus of 100% up to 100€ for the new players who register and make the first deposit.
- How long does it take to process a withdrawal request on Melbet?The processing period on Melbet depends on the payment method used. For Cryptocurrency, AstroPay card, Internet Banking, Payment Systems, and e-Wallets it takes up to 1 hour to process the withdrawal request. Credit/debit cards take up to 7 banking days.
- Does Melbet support live betting?Yes. Melbet allows live betting.