Favbet is a Ukrainian betting company founded in 1999. It operates under the sub-license Favorit United N. V., office center – Curacao. Registered in the register of the Ministry of Justice of Ukraine as “lotteries-Toto”. The founder is Valery Kovalenko, the owner previously was listed as his assistant Sergei Pendics. The company deals with online betting through the main site and several mirror sites in case of blocking. Besides, there is a network of offline betting points owned by the Matyukh family. The trademark is registered to Andrey Matyukha who is a sponsor of the Premier League of Ukraine, four Ukrainian football clubs, and also a boxer Alexander Usyk.
Favbet bookmaker accepts casino and sports betting under an offshore license, focuses on the Eastern Europe markets, and offers a bonus loyalty program, various betting options, video broadcasts of matches, a mobile version, and average coefficients. At the same time, the website is also aimed at English, German, and other European players.
Previously sports betting company was called “Favorit”. The bookmaker provides players with a wide line (both pre-match and live streaming), customer support, live casino, and quickly pays out the money. Every day there are hundreds of live broadcasts of FavBet sports events. There is also a FavBet casino with a special bonus system. Let’s take a detailed look at the activities of this company with our FavBet review.
Legality of FavBet
The company operates under a sublicense issued by Favorit United N. V. “Favorit United N. V.” is a limited liability company registered for financial betting in the office center Curacao. Under this license, Favorit United N. V. is allowed to provide services and products for online casino games of all types. This sublicense is valid and not revoked. Since 1999 license has been obtained and has ensured the legality of the company’s activity.
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, the USA.
Official website of Favbet
Recently the official website of Favbet has been upgraded and the logo has been created. The design has changed and the speed of activity has increased. The Favbet games line remained on the left, and the filter was moved to the top of the site – right under the main menu. You can use it to sort events by time. The rotation block with announcements of the main matches and promotions held by the FavBet is located in the central part of the website.
Live part has become more convenient, sports games are divided into blocks on the principle of a mobile site — multi-colored bookmarks hide unnecessary matches so that the shell loads faster. You may find a small logo by each sports game as a reminder. Clicking on this logo you read the necessary information about coming games you want to play. The casino part has become easier to navigate.
Website is available in many languages such as Russian, English, German, Spanish, and many more.
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, cricket. Even though 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 events related to coronavirus, and even on whether Lionel Messi will become a Favbet Ambassador. Football, 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 can also be attributed to the strengths of this sportsbook. Most of the competitors ‘ bets usually have a sagging list during the match and not the largest number of outcomes are available. With Favbet, the situation is not like this: you can bet a lot on any game. Live broadcasts are available for many matches and you can follow their progress live. Those fights that can’t be viewed are also not ignored: they are provided with a convenient infographic and a tracker with statistical data. Bets are calculated without delay immediately after the end of a particular outcome, and not after the entire match, as is the case with some other bookmakers. Bonus system gives more options to bet live. The only drawback of this segment is the long reception of live bets, which sometimes means that you may not have time to bet on the desired coefficient before it changes.
Let us review FavBet coefficients and odds. FavBet bookmaker has average odds compared to its competitors. To calculate the margin of a football , you use the following formula: (1/Team 1) × 100% + (1/draw) × 100% + (1/Team 2) × 100% = 100% + margin. In football for the most popular championships, the Favbet margin is 5%, and this indicator leaves much to be desired. Profit margin differs from games , here are several indicators: football -7%, table tennis – 9%, American football / rugby union – 5%, virtual sports – 8%.
A list of all available bonuses of the FavBet bookmaker can be found in the “Special offers” section. Favbet offers an interesting bonus system, as well as various promotions to attract customers to the game on the site. Most bookmakers offer players a welcome bonus for registration and a first deposit. Favbet went its own way. As a reward for newcomers, the company introduced a bonus when registering with Favbet, called “risk-free Bet“. The others are “Express bonus»; «Event of the day»; “Express of the day»; “Instant top-up”. You can find out all the details of each of these bonus offers on the official website of the company. A pleasant surprise from the betting sites like FavBet is a call from the operator with a risk-free bet offer which is a welcome bonus. This is how the company takes care of customers with a large minus on the account who have not placed bets for a long time. You can also get a promo code for a free bet. For beginners, this bonus is the perfect solution – you can add up to 10 euros to your account, play placing a bet on this amount, and if it doesn’t play, the players get the money back. Favbet also has a club of loyal customers who get the opportunity to buy various promotional products in a special store for points that can be collected by placing bets. The “Express of the day” bonus is also interesting, during which the bookmaker offers to express with a 10% bonus to the total coefficient. During the new year period, Favbet conducts a traditional quest bonus consisting of a chain of promotions. In general, the bonus and promo code program of the FavBet is implemented at a decent level and can compete with other bookmakers.
One of the disadvantages of the FavBet betting company was that the mobile version did not differ from the stationary site. The mobile app “Favbet mobile” has not been available to many countries. The technical department partially solved the problem by introducing a mobile website and an Android app. The structure of mobile products is traditional: the left menu with a list of sports, the line filter, and live streaming on the main page of the site. FavBet bookmaker offers its users a convenient mobile version, which automatically opens when you visit the site from your phone. It is easy to make live betting while watching live streaming. It has a more simplified functionality, but it has everything you need. If necessary, you can switch to the desktop version at the bottom of the portal. The mobile version is available both from your computer or from your phone, but if you do it often, we recommend downloading and installing the FavBet mobile app. Thus, you will enjoy all the betting options for FavBet. You can do this by clicking on the corresponding link with the icon of your operating system (iOS or Android). However, you can only perform this procedure via the desktop version. On the page that opens, you can read the advantages of using the app: full-screen broadcasts of matches; quick bid; ability to make a deposit and withdraw funds; a bonus system; a quick search of events; live streaming; schedule and results of all sporting events to play.
Favbet bookmaker’s website is a classic example of a good betting resource. It is bright, convenient, and clear even for new users. Very functional for live betting. In its upper part, in the center, there is a menu consisting of 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 offer.
Also at the top of the site, but on the right side, there are log in and registration buttons. Under them, you can change the language to English and set the time zone. Available sports disciplines are traditionally presented on the left, under them there is a section “Services” with all the necessary reference information. The central part of the portal is dedicated to the main matches that are currently taking place. On the right are ad blocks, a betting coupon, links to the mobile app for iOS and Android, and support contacts. At the bottom – a link to the mobile version, as well as a slider that changes the site version to a simpler one.
The number of FavBet casino slot machines is almost 1000. It is available on the FavBet mobile app. There are also other types of games, which include many varieties of roulette, blackjack, poker, baccarat. The total number of options is 18. The “live casino” section contains such types of games with a live dealer as roulette, hold ’em, baccarat, blackjack, poker, dice, wheel of fortune, game shows, and allows you to play casino 24 hours. The welcome bonus can be used by a special promo code. Even though the gambling establishment is only part of the bookmaker’s office, it has many advantages. First of all, this is a good withdrawal limit. There are also a huge number of connected payment systems, deposit methods, a high-quality Android app, and an intuitive interface. And among the disadvantages, only the meager bonus system for a gambling club stands out clearly. For many, this may be a key factor, but in general, the Favbet casino review shows that the site is perfect for both spinners and bettors. Well, if the player likes both, then this resource is a real find!
The only drawback is unlike other online casinos the live chat at casino FavBet service is not available for 24 hours per day.
Favbet casino bonus system is different from others. This is since the gambling establishment is part of a bookmaker’s office. The choice of bonuses is wide in the bookmaker. Among the permanent types of bonuses, there is only one — bonus on different days of the week which you can not find with other online casinos.
Also, several times a year short casino promotions are lasting a week. These are a kind of FavBet casino tournaments: users place bets in the slots that participate in the promotion, and when a certain amount of bets is reached, they receive bonuses. Usually, this is 10-12% cashback and free spins. Most often, bonuses in such promotions are issued without a wagering requirement.
The only bonus motivation to play at Favbet casino for real money is the bonus calendar of casino FavBet. These are bonus offers that depend on the day of the week. Each bonus can only be used once a week.
Favbet bookmaker has its loyalty program along with other online bookmakers. This type of promotion may have different conditions, depending on the requirements of the bookmaker. You can find the loyalty program FavBet club under a special logo on the website favbet com. Favbet Club allows you to earn status points, improve your status, and increase the number of betting opportunities. Win up to 5% more on betting with a type of “Express”. Increase your status monthly and receive compensation for losses of up to 10%.
Favbet offers a wide range of payment methods familiar to most users that allow you to enter and withdraw money without any difficulties. Favbet min deposit is 1 USD or more. This min deposit can be added to your account in the following ways:
- Visa/Master Card
- Online payment systems MuchBetter, Skrill, Astropay Payment, Neteller, AdvCach, QIWI, Yandex. Money, Unified wallet
- Bitcoin Payment
- Russian post
- Moneta ru
Moneta ru is a popular payment system in Russia that is used to pay for various goods and services on the Internet. Sports betting is not an exception, and Moneta is actively used by many bettors as one of the withdrawal/ deposit methods. First of all, many players are attracted by the lack of commissions when depositing funds. By default, the system suggests using the Russian ruble, but you can choose the dollar or Euro if you want.
To add funds to your Favbet account you need to click the “make a Deposit” button on the main page.
These deposit methods are available on the FavBet mobile app, too.
Withdrawal methods and minimum withdrawal
Favbet the minimum withdrawal amount is 1 USD. The commission is not charged by the bookie, the tax is paid by the player himself. How much time does it take for the bookmaker to withdraw? Usually no more than 3 banking days, most often the terms proceeded within 24 hours. The minimum withdrawal amount is quite small which allows you to withdraw both small and medium amounts. You need to open your account, go to the “Balance” and “Payment methods” tabs, then click the “Withdrawal” button. Here are the possible withdrawal methods:
- Visa/Master Card
- EcoPayz and BPAY online payment systems
- RunPay, MuchBetter, Astropay Payment, Skrill, Skrill 1-Tap, Bradesco, Webpay, QIWI, Yandex. Money, Neteller, AdvCach, Unified wallet
- Russian post
It is possible to contact the customer support of the Favbet sports betting website using the standard 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 to 22;
- 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.
How to delete an account?
It is not possible to delete an account in a bookmaker’s office, nor in a casino (any account, not just Favbet) if at least one financial transaction was performed on it or bets were placed – all this data is stored in the bookmaker’s archive. However, you can block your account under the self-monitoring program if you realize that you no longer have control over your bets and want to take a break. To do this, just send a request to the Favbet support service.
Bookmaker overall review 7.6 / 10
- attractive website design with logo
- a lot of video broadcasts
- good starting bonus
- live casino
- various payment options, the good minimum withdrawal amount
- UK, American, and Hong Kong odds formats.
- support service does not work 24/7
- Low odds for top matches
After studying the reviews about the work of Favbet, we can conclude that FavBet offers good working conditions for financial betting. FavBet is a choice for those who prefer to play responsibly. As for professional bettors who consistently win, it is better to look for another bookie, because in Favbet they may have problems with cutting maximum amounts and withdrawing funds. But such players are a small percentage, and the average user is likely to never encounter such a thing. For him, Favbet offers a good line and painting, good promotions, and quick withdrawal of funds. Reviews may sometimes include complaints about cutting highs for successful players and closing accounts, as well as problems with identification. There are complaints about technical problems with the site: from time to time it slows down or closes for technical work.
Favbet is an average bookmaker, suitable both for casino and sports betting. It does not have unique and unusual offers. Odds, action line, casino bonuses, mobile bets, payment options for deposit and withdrawal of funds in Favbet are average, and this makes the bookie attractive to its clients This bookmaker will certainly find its players, and they will most likely not be disappointed, thus, it is worth choosing Favbet.