PlanetOfBets sports betting experience – test & review

Bonus & VIP Offer

Welcome bonus

As a new customer at PlanetOfBets you can claim a 100% bonus up to $50, which is granted on your first deposit. If you want to secure the highest possible PlanetOfBets bonus, you have to deposit 50 dollars or the corresponding amount in euros. The bookie does not specify a minimum deposit amount.

As usual in online casinos, you cannot simply withdraw the bonus balance with this offer. Unfortunately, the bonus conditions are very strict. You have to wager the bonus and the deposit 10 times within 14 days.

For example, if you want to claim the maximum sports betting bonus of $50 and deposit the converted amount in Euros, you will have $100 available for betting. Consequently, the turnover requirement is $1,000 ($100 x 10).

When you are trying to clear the PlanetOfBets bonus, be sure to observe the minimum odds of 1.5. In addition to single bets, you can also use combination and system bets. Here, the total odds are decisive.

VIP & Loyalty Programme

Unfortunately, PlanetOfBets does not have a VIP program that provides loyal customers with additional rewards. There is also no loyalty points system.

However, existing customers benefit from a cashback system, through which 1% of the lost stakes are refunded. In addition, the bookie also distributes free bets from time to time.

Betting offer

In the PlanetOfBets test, the bookmaker’s betting offer is not completely convincing. You can only bet on 11 sports, which I have listed below:

Soccer
Tennis
Basketball
Ice hockey
Handball
Volleyball
Baseball
Rugby
Mixed Martial Arts
Snooker
eSports
PlanetOfBets is most comprehensive when it comes to soccer. The betting provider quotes international tournaments such as the Champions League as well as numerous European leagues. Often, the betting offer reaches down to the third division. In addition, you can also bet on matches in several other countries – including Australia, Tunisia and Bolivia.

Low number of betting options
As far as the number of betting markets is concerned, PlanetOfBets cannot even begin to keep up with the top representatives of the industry. Even for soccer, there are a maximum of 100 betting options per match.

For other sports, you can usually only choose between 10 to 30 betting options, according to my PlanetOfBets experience. The following overview shows which types of bets are offered, among others:

Three-way bets
Handicap and Asian Handicap bets
Double Chance
Over/Under bets
Overall winner bets
Correct result
Number of goals/points
eSports & other special bets
The portfolio of PlanetOfBets also includes eSports betting. Among others, League of Legends (LoL), Counterstrike:GO and StarCraft II are offered. However, betting on politics and entertainment shows is not possible at this bookie.

On the main page, you will be shown a section for virtual betting. However, as soon as you log in from Germany, the website only lists the section for traditional sports betting.

Live bets

Considering the rather meager betting offer, I was really positively surprised by the live betting section. Admittedly, I looked at the portfolio on a Sunday afternoon. Nevertheless, I consider it positive that live betting was offered for 8 out of 11 disciplines:

Soccer
Tennis
Basketball
Table tennis
Volleyball
eSports
Ice hockey
Handball
King soccer may clearly dominate here as well. Nevertheless, PlanetOfBets customers are provided with quite a wide selection of live bets.

Another positive thing to mention is that a graphical indication in the form of arrows appears when odds change. While green arrows indicate increasing odds, red arrows indicate decreasing odds.

I could not find any live streams at PlanetOfBets. However, even without streams, real-time information about the game is provided via an animated playing field – but not always.

Quotes & Betting Features

Quotes

The average payout ratio for this bookie is 93.15%. In a betting odds comparison, PlanetOfBets thus only lands in the midfield. However, with 93 to 95%, the odds for soccer matches of well-known teams are comparatively high.

I arrived at this value by randomly selecting and analyzing 10 betting markets. In addition to soccer, numerous other popular sports such as tennis were also included in the sample. Below I have listed the individual values for you:

93,23 / 95,29 / 94,42 / 95,11 / 92,01 / 91,79 / 91,85 / 92,32 / 92,01 / 93,47

Odds calculation at Sportwettenvergleich.net: This is how it works
In the following I would like to illustrate how you can calculate the odds on your own. Soon the 1st FC Cologne and Borussia Dortmund will meet in the Bundesliga. PlanetOfBets provides the following betting odds for the match:

Odds win Cologne: 6,05
Odds draw: 4,42
Dortmund win odds: 1,50
odds of the match = 1 / (1 / 6.05 + 1 / 4.42 + 1 / 1.50) = 0.9450 = 94.50 percent

Betting Features

Since there was no indication of the cashout option on the website, I contacted support about this. They replied that only full cashouts are possible and that these are only provided for live soccer bets. There is also no bet configurator that allows users to create their own bets.

Deposits & Withdrawals

Deposits

In principle, you can choose between numerous payment methods at PlanetOfBets. However, the picture here is also mixed. One criticism is that various well-known options such as NETELLER, Skrill and paysafecard are missing. The provider receives plus points for the fact that payments with cryptocurrencies are possible. You can use the following options for deposits:

Credit card ($1 – $1,000), Visa and Mastercard payment cards are allowed.
ecoPayz ($1 – $1,000), relatively widely used e-wallet (virtual wallet)
Webmoney ($0.01 – $2,000), online payment system originally from Russia
AdvCash ($0.01 – $1,000), e-wallet with credit card function
Payeer ($0.01 – $500), another e-wallet
Perfect Money (0.01 $ – 2,000 $), online payment service
Bitcoin (0.00000001 BTC – 5 BTC), the most popular cryptocurrency
Ethereum (0.00000001 ETH – 100 ETH), second most popular cryptocurrency
TRON (0.000001 TRX – 1,000,000 TRX), another cryptocurrency
Litecoin (0.00000001 LTC – 1,000 LTC), another cryptocurrency
Bitcoin Cash (0.00000001 BCH – 10 BCH), other cryptocurrency
Dogecoin (0.01 DOGE – 1,000,000 DOGE), other cryptocurrency
Dash (0.00000001 DASH – 100 DASH), other cryptocurrency
Ripple (0.000001 XRP – 100,000 XRP), another cryptocurrency
If you deposit with conventional transaction means, the money is available immediately. However, with cryptocurrencies, you will have to wait 10 to 30 minutes for the deposit amount to land as funds in your betting account.

PlanetOfBets has only partially waived deposit fees. A fee of 0.8% is charged for payments with WebMoney, 0.5% for transactions via Perfect Money, and you also have to expect additional costs for cryptocurrencies.

Withdrawals

Withdrawals at this bookmaker are always carried out with the payment method that you have previously used for the deposit. Strangely enough, the website also shows QIWI and Yandex Money as options.

The minimum amount for withdrawals is between 1 and 3 euros, depending on the transaction method. The maximum amount you can withdraw per transaction is displayed when you select the payment method.

Keep in mind, however, that depending on the transaction method, fees may apply here as well. As you can read in the company’s terms and conditions, the processing time is up to 3 business days. However, usually your winnings will be transferred within a few hours.

Identity verification via KYC process
According to the T&Cs, PlanetOfBets can require its customers to prove their identity. The bookie does not specify when the KYC process is carried out. However, you can assume that the verification is due before the first payout. You will need to provide the following documents to the betting provider:

Identity document (proof of identity)
Utility bill or bank statement (proof of address)
Photo with ID in hand (upon request)
Verification can take up to 14 days. In most cases, however, the received documents are already verified after 24 hours.

No betting tax at PlanetOfBets
The bookmaker does not pass on the betting tax incurred in this country to its customers, as the support explained to me on request.

My experience with the first deposit and withdrawal
My deposit of 30 euros was implemented quickly and without any problems. My money was immediately available in my player account. I could have selected the bonus before making the deposit.

So in the test, I was able to start my next check: placing bets. This went off without a hitch so far. However, the joy was to be short-lived. Because my bet was simply canceled again without explanation. After the cancellation of the bet, I had to place a second one for testing.

This second bet was not canceled, but was still lost. 5 euros I had to say goodbye to my balance.

Usually there are at least two steps before the payout: Uploading verification documents and converting the deposit at least once (keyword anti-money laundering law). However, to my amazement, I was neither asked to submit documents nor to convert the deposit amount.

My remaining balance was paid out the same day via ecoPayz.

So, the provider leaves me with mixed feelings: on the one hand, a bet cancelled for no reason and non-compliance with anti-money laundering regulations, but on the other hand, extremely fast deposits and withdrawals.

Reputation & Security

The provider’s Curaçao license (license number: 8048/JAZ) is not an overly high-quality gambling license. However, even this document entitles the bookmaker to officially offer sports betting in Germany and the EU. Therefore, I have no fundamental doubts about the seriousness of the bookie.

Unfortunately, there are some quite negative reviews about PlanetOfBets. However, the users do not accuse the bookmaker of fraud or rip-off. As a rule, the complaints primarily revolve around the weaknesses pointed out in this review.

The betting provider is backed by Planet of Bets Entertainment B.V. – a company registered in Curaçao. Currently, the operator focuses solely on PlanetOfBets.

Data is always transmitted in encrypted form, but there is definitely room for improvement when it comes to player protection. Corresponding options are completely missing. This means that you can neither set limits nor make use of self-exclusion.

Service & Support

The support of the betting provider did not leave me with a positive PlanetOfBets experience for 3 reasons:

1-The customer service is not staffed around the clock.
2-Sports bettors from Germany are only provided with English-language support.
3-You can only reach the customer service via e-mail and contact form.
So there is no possibility to contact the support directly. If you write an email to PlanetOfBets, you will usually receive an answer after 2 to 4 hours. Some questions can already be answered via the FAQ menu (under “Terms and Conditions”). However, this section is not really comprehensive.

Functions & Design

In my opinion, the PlanetOfBets website is not quite up to date, especially in terms of design. This is due in particular to the fact that the individual elements are not optimally coordinated in terms of color. Numerous competitors have managed this better.

Another criticism is that there is no German-language version of the website. You will have to make do with English. However, there are other language options:

Russian
Spanish
Ukrainian
I consider the usability of the website to be quite high. This is especially due to the simple page structure of the platform. Accordingly, even users without weather experience should be able to navigate intuitively here. Another point of criticism concerns the betting slip. It does not scroll with the user.

Other Offers

In addition to sports betting, VBET’s portfolio also includes a virtual arcade where you can play slots and scratch games. Table games and a live casino are not provided – at least in Germany – which is due to the new regulatory requirements. In the online casino, only games from 11 providers are available to you, but among them are some of the best-known gaming companies, for example:

NetEnt
Pragmatic Play
Wazdan
Elk Studios

FAQ – VBET

❓ Is VBET reputable?
Yes, without a doubt. After all, the bookie holds a Maltese license, which is considered to be of very high quality in industry circles.

〽️ Does VBET offer a welcome bonus for new customers?
Yes, you can secure a 100% bonus up to 20 euros in the form of a free bet.

⭕️ Is it worth creating an account at VBET Sportwetten?
Yes, absolutely. According to my VBET sports betting experiences, there are many arguments in favor of the provider, for example the varied betting offer, the lucrative bonus offers, the above-average soccer odds and the round-the-clock support.

How can VBET support be reached?
You can contact customer support via live chat and email as well as via hotline.

➕ Does VBET also have live streams?
Yes, some events are broadcast live. However, compared to the top representatives of the industry, the offer is much narrower.