FavBet Sportsbook Review
FavBet Sportsbook are an established online bookmaker from Eastern Europe. Founded in 1999, they serve clients from around the world both in an online and physical capacity (with over 1000 betting shops in operation). Licenced in the Curacao, FavBet offer an extensive number of betting opportunities, including a sportsbook, live betting, virtual sports, Forex+, TV lotto and more.
There is no landing page and the website is far from flashy – but it serves its purpose. A blue, red and green theme is used and a conventional layout is followed. On the left hand side of the page are the list of sports with markets priced up. There is a small logo by each discipline giving users a little reminder of what the sport is about. Above the list of sports are two useful features – a dropdown menu where customers can view the upcoming events over different time periods and a search bar where individuals can hone in directly onto the bet/market they wish to view. When selecting a market, it will appear in the centre of the page. With many bookmakers, navigating to another discipline will remove the market that has just been viewed and replace it with the new sport, but instead FavBet keep up all of the markets that have been viewed until the customer deletes them by clicking the x at the top of each box. This is useful as it allows individuals who want to place bets over several markets to peruse their options without having to go back and forth.
The ‘Multiple Of The Day’ is listed in the centre of the page, and the ‘Top Bets’ and events starting soon are also displayed. The bet slip is on the right hand side of the page and customers are able to flick between the sportsbook and the other betting offering by using the tabs at the top of the page.
FavBet Sportsbook hosts an extensive statistics section which is powered by market leaders BetRadar. A wide range of sports are covered and customers have access to a solid amount of data from which they can make an informed decision.
FavBet do have a mobile web app that is automatically displayed when visiting the site from a mobile device. It is fairly basic but serves a purpose, offering access to sports betting, live betting, results and a sporting calendar.
The website can be viewed in English, German, Greek, Spanish, French, Italian, Romanian, Russian, Ukrainian and Croatian.
The number of different disciplines covered is just reasonable. In total there are 17 different sports/markets on the FavBet Sportsbook website, with a definite emphasis on European sports. In addition to football, basketball, tennis, and American football, customers can also have a financial interest in both rugby union and league, handball, chess, table tennis and alpine skiing. There are also odds for the up and coming e-sports, with odds available for games such as League Of Legends.
The football coverage is just okay. At the time of review, there were odds for games from 15 different countries around the world. In England, the betting goes as far as League 2, with some non-league action such as the FA Trophy also priced up. The market depth for the football lags behind some of the top online firms, with just 43-46 additional bet types offered for each English Premier League games, five days before the matches were to be played. UK giant William Hill typically have around 130 additional bets at this time, whilst BetVictor provide around 80, so FavBet have a little way to go to match the market leaders in this respect. It is however worth noting that on match day, the number of markets gets much closer to 100, so for those punters who like to bet on the day, there is plenty of choice.
The basketball depth is reasonable. There are odds for several European leagues, in addition to Brazilian and Argentinean action and of course the NBA is covered. There are around 50 additional bet types for the NBA which is only marginally behind William Hill (51-61) and well ahead of BetVictor (16). Basketball can be considered a relatively strong area for FavBet.
The football odds are not wildly competitive. The English Premier League attracts the most betting interest from around the world and gains the most attention and therefore it is no surprise to see FavBet Sportsbook offer their most competitive books for games from this league. However, they still don’t match up to the industry elite. The matches are typically compiled to produce a 106-107% book (if the firm had no inbuilt profit margin then the odds when expressed as percentages, would equate 100%). The top firms compile their Premier League 1X2 markets to 102.5-104%, with the majority falling in the 105.5-106.5% bracket.
The odds on matches from other top European leagues are less competitive. Fayre from La Liga in Spain and Serie A in Italy are compiled to an average of 108.5%, whilst the lower competitions in England are even bigger, with League One working to 111% books.
Taking a look at the NBA, the 1X2 markets are compiled to around 109.5-110%, with the moneyline odds working to a more generous 105%. To compare, William Hill’s moneyline is again very competitive (103.5%), whilst BetVictor’s is less so (106.6%), so the FavBet odds can be considered reasonable here.
The customer services department are available 24/7 and can be reached via email, live chat or Skype. Although they are advertised to be contactable around the clock, it does depend on what language customers are trying to converse with the employees in, as at certain times they do not have English speaking representatives available. In these instances, customers are advised to email and wait for a response.
There is no sign up bonus available for new customers to FavBet Sportsbook, but they do have a number of other concessions available to players, new and old.
FavBet offer a ‘multiple of the day’, where they choose a bet containing 3-5 selections, and boost the returns by 10%. Customers are able to see the ‘multiple of the day’ by clicking on the promotions tab at the top of the screen.
There is also a FavBet loyalty club that customers are able to opt in to when signing up for an account. When betting, customers accumulate points that can contribute towards bonuses on accumulators, cashback on losses and they can also gain access to the FavBet shop where points can buy products.
There is a good spread of payment solutions, offering several different methods for customers from different countries to deposit funds into their FavBet account.
There is no fee for depositing with any method, but to withdraw using a Visa or Mastercard, customers must pay 1.5%, and to withdraw using QIWI, the customers must pay 2.5%. All of the other payment solutions are free and this suggests that FavBet Sportsbook have a preference for their customers using e-wallets.
FavBet are clearly an experienced bookmaker and it shows on their site. They have a solid customer service, reasonable number of markets and some nice concessions that aim to build customer loyalty. The odds could be a little more competitive for football, but basketball and other sports match up reasonably well against similar firms in the industry. The website could do with a bit of a makeover but overall punters can’t go wrong having a FavBet account at their disposal.
pros & cons
- No fees for deposits
- Mobile website
- Innovative loyalty bonus
- No English-speaking staff at certain times
- No sign up bonus