Velobet Esports Review 2026
Velobet is a casino and sportsbook launched in 2023, with an esports section, crypto and fiat banking, and a monthly crypto cashback. It’s not Russian-owned — the network behind it is run from Georgia. But that network (MyStake / Santeda) is the subject of a major investigative exposé into a large black-market gambling operation, with non-payment complaints attached. This review covers what Velobet offers and the trust caveats you should weigh before depositing.
| Launched | 2023 |
| Operator | Santeda International B.V. (Curaçao) |
| Licence | Curaçao |
| Type | Casino & sportsbook with esports |
| Crypto | Yes (BTC, ETH, LTC, USDT and more) plus fiat |
| Best for | Crypto cashback — but see the trust section |
| Not available | USA, Netherlands and others (bans Russian/Belarusian players) |
Short verdict: Velobet has a decent multi-method sportsbook with crypto cashback and a real esports section, and it’s not Russian-linked. But its parent network (MyStake/Santeda) carries a serious black-market reputation and non-payment complaints — so treat it as higher-risk: small deposits, early verification, prompt withdrawals.
Esports coverage
A general sportsbook with esports as a sub-section — not esports-first.
- Titles: CS2, Dota 2 and League of Legends are the confirmed esports markets; the wider book runs 20–40 sports.
- Live / in-play: yes, with real-time updates and event trackers.
Odds & markets
Decimal/fractional/American odds, accumulators, Asian handicaps, BTTS and cash-out. No Velobet-specific esports margin data exists, so line quality for the niche is untested.
Bonuses & promotions
The sports welcome is around 150% up to £/€1,000 at 15× turnover; there are separate casino and crypto offers, plus a 10% monthly crypto cashback (no wagering, capped around €500) — the cashback is the most genuinely useful perk. Read the wagering and max-cashout terms before opting in.
Payments
- Crypto: BTC, ETH, LTC, DOGE, XRP, BCH, USDT (and others).
- Fiat: Visa, Mastercard, Skrill, Neteller, AstroPay, Paysafecard, Jeton, bank transfer — 15+ methods.
- Speed: crypto fastest (often within hours after an internal review of up to ~3 business days); e-wallets 12–48h; bank transfer 3–5 days. KYC is required and is a common source of delays.
Trust & safety
The part that matters most:
- Network exposé. Velobet is a brand of the MyStake / Santeda network (sister brands include MyStake, Rolletto, Cosmobet and the now-defunct Goldenbet). A 2025 GAMRS report and an April 2026 Guardian investigation allege a ~£3.5bn black-market gambling network targeting players outside regulatory oversight — including a fake, AI-generated “CEO” and a deepfaked celebrity endorsement.
- Payout complaints. Velobet itself draws complaints about lengthy/repeat KYC, withdrawals delayed for months, and occasional account blocks on winnings, alongside positive payout reports — Trustpilot sits around 3.5/5.
- One point in its favour: Velobet actively bans and refuses Russian and Belarusian players — so it’s not a Russian-market operator.
If you use Velobet, treat it as higher-risk: small deposits, complete KYC up front, and withdraw promptly rather than building a balance.
Pros & cons
Pros
- Crypto and fiat (15+ methods); 10% monthly crypto cashback
- Real esports section with live betting
- Not Russian-linked (bans RU/BY players)
Cons
- Parent network (MyStake/Santeda) under a major black-market investigation
- Non-payment / long-KYC complaints
- Curaçao-only licence; esports depth untested
Who it’s for
For bettors who want the crypto cashback and multi-method banking and accept the elevated risk of a complaint-heavy network — with small stakes and prompt withdrawals. For a reliable payout experience, choose an established book.
FAQ
Is Velobet safe?
It’s operating and not Russian-linked, but its parent network (MyStake/Santeda) is the subject of a major black-market investigation with non-payment complaints. Treat it as higher-risk and withdraw promptly.
Does Velobet accept crypto?
Yes — BTC, ETH, LTC, USDT and others, plus 15+ fiat methods, and a 10% monthly crypto cashback.
What esports can I bet on at Velobet?
CS2, Dota 2 and League of Legends are the confirmed markets, with live betting.
Bet responsibly
Only bet what you can afford to lose, set a budget, and stop if it stops being fun. If gambling is becoming a problem, BeGambleAware offers free, confidential help. Compare options on our list of esports betting sites, or see our guides to betting on CS2 and Dota 2.