Favbet (former Favorit) is a Ukrainian betting company founded in 1999. It operates under the Curacao E-Gaming license and focuses on the Eastern Europe market. It offers a wide bonus program, various betting options, video broadcasts, and pretty competitive betting odds for selected events.
Let’s take a detailed look at the activities of this company we described in this FavBet review.
Pros and Cons
Attractive website design;
Many video broadcasts;
Good welcome bonus.
Low odds for top matches.
Legality of FavBet
Favorit United N. V., the FavBet owner, is a limited liability company registered for financial betting in Curacao. Under this license, Favorit United N. V. is allowed to provide sports betting services and products for online casino games of all types. This sublicense is valid and not revoked.
The website www.favorit.com.ua, “Favorit Sports” mobile and other apps, is controlled by Favorit United N. V.
FavBet bookmaker is prohibited from operating in Russia and USA.
Official website of Favbet
Recently, the official website of Favbet has been upgraded and a new logo has been created. The design has changed and the speed of activity has increased.
Sports betting sectionThe live betting section became more convenient: sports are divided into blocks like at a mobile site, and multi-colored bookmarks hide matches you are not interested in. You may find a small logo for each sports game as a reminder. Clicking on this logo you can read the necessary information about upcoming games.
Website is available in many languages including Russian, English, German, Spanish, and many more.
Favbet bookmaker’s website is a classic example of a good betting resource. It is bright, convenient, and clear even for new users. The website’s header involves the following sections:
- Sports (subsections “Results” and ” News»);
- Live betting (subsections “Live calendar” and “Live broadcasts“);
- Games “Betgames. tv” (subsections “Home” and ” betting History»);
- Payments (subsections “Deposit of funds” and ” Withdrawal of funds»);
- Special offers.
FavBet line offers a large number of sports and eSports disciplines along with virtual sports and table games. Players can bet not only on popular sports games like table tennis, ice hockey, basketball, tennis, and water polo but also on such rare sports as rugby union and league, or cricket.
Although FavBet does not accept players from the United States, FavBet provides great betting options and spends a lot of attention on coverage of American sports such as American football.
Besides, you can bet on non-sporting events: for instance, there are bets on novelties related to coronavirus, and even on whether Lionel Messi will become a Favbet Ambassador. Soccer, ice hockey, basketball, tennis are traditionally popular among bettors.
All these options are provided with a special logo. Special attention should be paid to eSports betting as well as online live casino, which is presented at a high level.
FavBet supports different odds formats such as EU, Hong Kong, UK, US.
As for live bets, they are also superior at this sportsbook. Many competitors do not involve a large number of live markets; with Favbet, the situation is not like this: you have a generous choice of in-play markets. Live broadcasts are available for many matches and you can follow their progress in a real-time mode.
Live bets are updated without delays immediately after a particular outcome, and not after the entire match, as is the case with some other bookmakers. The only drawback of this segment is a comparatively long acceptance of live bets, which sometimes means that you do not have time to bet at desired odds before they change.
FavBet bookmaker has average odds compared to its competitors. How did we know it? First of all, it is essential to look at a bookie’s margin. To calculate the margin, you can use the following formula: (1/Team 1) × 100% + (1/draw) × 100% + (1/Team 2) × 100% = 100% + margin.
We applied this formula to review Favbet’s margin and it comes out that the average value is 5%: not the worst one, but still leaves more to be desired.
The actual margin varies depending on a game and even a selected betting market. The most popular sports include the following average margins:
- Table tennis – 9%;
- American football / rugby union – 5%;
- Virtual sports – 8%.
|Average commission||Commission in the prematch||Live commission|
A list of all available bonuses of the FavBet bookmaker can be found in the Promotions section. Favbet offers a nice first deposit bonus of €20 in the form of a free bet, and up to €150 in free cash. Besides, there are regular and seasonal promotions for regular customers, for instance:
- “Parlay bonus»;
- «Event of the day»;
- “Parlay of the day»;
- “Instant top-up”.
You can find out all the details in the Promotions section.
Besides, Favbet bookmaker has its loyalty program called FavBet Club allowing you to earn status points and exchange them for cash prizes, and other unique bonuses.
One of Favbet’a disadvantages is that they do not have an iOS app. Still, in some countries, you can use the Android app, a pretty decent, but overall standard product without anything extraordinary in terms of extra tools or bonuses.
Mobile applications sectionBesides, FavBet bookmaker offers its users a convenient mobile version, which automatically opens when you visit the site from your phone. It allows you to watch live streams and have access to all sports, bonuses, deposits, withdrawals, and customer support.
The number of FavBet casino slot machines reaches almost a thousand. It is available on the FavBet mobile app and desktop website, too. Besides, there are other types of games, that include many varieties of roulette, blackjack, poker, and baccarat. The total number of options is eighteen. There is also a Live Casino section that contains the same table games hosted by professional dealers; the live casino is available 24/7.
All games do not require downloading. Besides, you can find Lottery and Keno games at the dedicated sections, and make bets on Virtual sports. The casino is powered by several respectable gaming providers and contains enough titles to satisfy an average player.
Withdrawal methods and minimum withdrawal
Favbet’s minimum withdrawal amount is $1. A commission is not charged by the bookie, but the gambling tax is paid by the player if it is obligatory in their jurisdiction. How much time does it take for a bookmaker to withdraw? Usually, no more than three business days, but in most cases, you can get your money within 24 hours. A minimum withdrawal amount is small compared to many bookies which is a significant advantage for recreational bettors who do not usually deal with large sums at sports betting sites.
Here is the list of available withdrawal methods:
- Visa/Master Card;
- EcoPayz and BPAY online payment systems;
- RunPay, MuchBetter, Astropay Payment, Skrill, Skrill 1-Tap, Bradesco, Webpay, Neteller, AdvCach, Unified wallet;
It is possible to contact customer support of the Favbet sports betting website using the following methods:
- by calling the hotline +375-29-683-88-12; +375-25-783-88-12 and +375-29-538-88-12;
- Via live chat; live chat is not available 24 / 7, but only from 10 a.m. to 10 p.m.;
- Instagram, Facebook;
- By email info@favbet com. You will get a reply within 24 hours.
As for the work of customer support, the reviews about it are mostly positive.
After studying the reviews about the work of Favbet, we can conclude that FavBet offers good conditions for sports betting and casino gaming. The place welcomes recreational bettors and tends to block professional punters or limit them in terms of maximum winning amounts. Overall, there are sometimes competitive odds, a good choice of betting markets for top-tier events, and good casino games, but there is nothing extraordinary in the whole offering.
Yes, FavBet works under the Curacao E-Gaming Commission license as a fully-remote gambling company.
Yes, FavBet is a trusted place, that safely keeps your deposits, provides users with timely payouts, and takes care of your personal data thanks to modern encryption systems.
FavBet offers relatively competitive odds. Its average margin is 5% for major events in pre-game markets, and live bets include a commission from 7% to 9%.
Last updated on 04 May 2022 - 14:06