LoonieBet Review – Bonus, Features, Good Or Bad?

LoonieBet is billed as one of the top sportsbooks and casinos in Canada, which is a rather bold claim. Well, sort of. We have to admit, there aren't that many online sportsbooks in Canada (it isn't a major gambling location) but, still, there is a lot of competition. We have checked out a few sites, and we reckon that LoonieBet.com is our favorite of them. We'll tell you why as we go through this LoonieBet review.

Right now, we do want to point out that while this is a site developed for Canadians, it isn't only for Canadians. So, if you aren't from the land of maple syrup and Tim Hortons, there is no need to run away quite yet. LoonieBet.com is still worth checking out. You'll see why shortly.

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LoonieBet Overview

You already know that LoonieBet is a Canadian online sportsbook and casino. It is a massively popular one too, You also know that it isn't just focused on the Canadian market, so, let's tell you a bit more about the site.

LoonieBet is owned by Media Entertainment N.V., which is based in Curacao.

They are licensed in Curacao, plus a few other gambling regions. Their licenses are all ‘proper' licenses. This means that LoonieBet has had to go to huge lengths to prove that they are a legit gambling operation.

They have to constantly prove that they are treating their customer's property.

Most online sportsbooks will be licensed in Curacao, especially when they are crypto sportsbooks.

LoonieBet offers both an online sportsbook and a casino. We'll cover a bit more about each of those in this Looniebet review.

We just want to point out that the main focus of the site will be the online sportsbook.

Their casino is great, but it isn't really something that LoonieBet pushes heavily, which makes sense really. They are trying to carve out a space for themselves in the highly competitive sports betting industry.

They don't have too much time to focus on their casino.

Sign-Up Offer

LoonieBet.com specializes in weekly bonuses. So, if you head on over to the site (which we highly recommend) check that promotions tab each week. You never know what you will uncover. There are a couple of regular offers that don't disappear, though.

Sportsbook Welcome Bonus

The sportsbook welcome bonus is simple. All first deposits between C$20 and C$300 will be matched 100%. So, you could earn up to C$300 in bonus cash.

There is a 6x rollover requirement, which isn't that high. One of the lowest in the sports betting industry, we think.

The best part is that you don't have to make sure that you request that bonus as soon as you sign up.

You have 7 days to make a claim after your first deposit, which is kind of cool. We don't think we have seen many other online sportsbooks do that.

Most demand you request right away and, if you don't, you lose out.

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Casino Welcome Bonus

The casino welcome bonus is a bit different. You can claim up to $1,100, but you have to make it over three deposits:

• The first bonus will match 100% of up to C$400
• The second is 100% up to C$300
• Third is 100% up to C$400

Because this is an online casino, wagering requirements are much higher.

You need to wager your deposited cash and bonus cash a minimum of 40x, or you lose the bonus cash.

You lose the bonus cash automatically in 30 days if you don't meet the requirements.

It isn't the greatest casino welcome bonus in the world, but it is alright. It gives you something. 

Key Features

While this Looniebet review is taking a deep dive into the platform, there are a few key parts of the website that we feel are worth pointing out.

Licensed Platform

We covered this a little bit. LoonieBet, while focused on the Canadian market, is licensed in Curacao.

This is a good thing. Curacao is one of the best locations for global sportsbooks to be licensed, same with Malta.

In fact, look at any of the major gambling sites and we can guarantee most of them will be licensed in Curacao.

Since Looniebet is a licensed sportsbook, gamblers there have a few protections. Being licensed means that the site has to conform to special legislation related to security, how it deals with customer complaints, etc.

You should never be gambling at a sportsbook that isn't licensed.

Live Sports Betting

Most major events are covered by the Looniebet live sports system.

There are plenty of open markets too, although the number of open markets can depend heavily on the game. Some may only have moneylines available.

The interesting thing about the Loonie bet live system is that (we think) this is one of the only smaller online sportsbooks that allow you to bet on horse racing live.

Most other platforms don't, presumably because races end so quickly. However, if there is a lengthy race being run, then it will almost certainly appear on the Looniebet live betting system.

Extensive Casino Gambling Options

As we said, the online casino isn't the main focus of Looniebet, but this doesn't mean the casino is terrible.

Oh no. You see, Looniebet has partnered with some of the major casino game developers.

This means that the site offers big-name slot machines, table games, instant win games, and more. There is even a live dealer casino.

While we probably wouldn't recommend that you sign up for Looniebet purely for the online casino, it is a nice little incentive.

Just in case you get a bit bored with sports betting!

Competitive Betting Odds

Looking for great betting odds? Tremendous! Looniebet has a ton of them. Since they are a smaller online sportsbook, their overheads are quite minimal.

This means 95% of the time, they will have better betting odds than even the largest sportsbooks in the world.

This is actually one of the reasons why we advise people to always gamble on smaller sportsbooks instead. You can win a lot more.

How to Get Started and Login

Click the link on this website and head on over to LoonieBet.com.

In the top right-hand corner, you'll see a ‘Join' button.

After a short form, you'll have an account. If you ever get logged out, log in from the same page.

Once you have an account, head to the ‘Cashier' section and make your deposit.

If you are claiming a bonus, make sure that you reach the minimum (normally C$30).

If you are claiming a bonus, then you can claim any bonus cash from the ‘promotions' section of the account. You have 7 days to claim if this is a welcome bonus.

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Betting App

There is no betting app for Looniebet. You can access every feature of the site through your mobile browser, though.

This includes the online casino. The website works incredibly well, and if you are familiar with the desktop

Sports markets

These are the current sports covered at Looniebet:

• Football (soccer)
• Tennis
• Basketball
• Ice Hockey
• Volleyball
• American Football
• Darts
• Rugby League
• UFC/MMA
• Boxing
• Rugby Union
• E-Sports
• Motor Sports
• Baseball
• Aussie Rules
• Cricket
• Cycling
• Futsal
• Golf

Markets are extensive. While Looniebet has received a small amount of criticism for not covering smaller sports leagues, we get why.

A lot of people don't really gamble on smaller leagues. They want the big games.

If Looniebet started to offer betting odds on unpopular markets, they would have to make their odds elsewhere ‘worse'.

So, we like the limited selection. Would we like more leagues? Who wouldn't?

But, it is fine if they never get added.

Open betting markets are extensive too. You have your typical money lines, but there are also point spreads, props, futures, and more. Major leagues and games will have more markets open.

Payment Methods

Bitcoin is the main deposit/withdrawal method at Looniebet. However, other options are available if you don't use crypto.

Visa and Mastercard are your main deposit options, with bank withdrawals for the withdrawals. If you live in Canada, you can use Interac.

There are no fees associated with deposits/withdrawals on the platform.

Deposits are always instant (unless they need to go through a security check), and withdrawals take a few days to process. Withdrawing to Bitcoin will be the fastest.

User Experience

Media Entertainment N.V.,  actually runs a few online sportsbooks and casinos.

We have used several of them, and they all look great. It is incredibly easy to navigate the website, and you will never have any difficulty finding and placing bets.

We do have a couple of criticisms, though. Firstly, we aren't a fan of the dark color scheme, mostly because some of the other Media Entertainment N.V., are brightly colored.

Although, we admit that not everybody will have the same opinion as us here.

You should also note that betting odds are fixed as ‘US odds', which is a bit annoying if you prefer fractional or decimal. Although, it is not a deal-breaker.

Customer Support

The contact system is run by the team at Media Entertainment N.V. They are available 24/7 and can communicate in a whopping 9 languages.

You can reach them through live chat (the fastest way), or email if your problem is a bit more extensive.

Pros and Cons

Pros of LoonieBet:

• Legit online casino and sportsbook (fully licensed)
• Competitive odds
• Lots of events to choose from
• Lots of deposit and withdrawal options
• Live gambling system is smooth

Cons of LoonieBet:

• No mobile app (just a mobile site)
• Not a fan of the dark color scheme.

Verdict and Summary

LoonieBet is a new sportsbook and casino. It launched in 2022, but it is already causing massive waves in Canada.

It has managed to pick up tons of players, and we have seen a huge improvement to the site over the last few months. This is a platform that is only going to get better. Because of this, we are recommending Looniebet in this Looniebet review.

If you are a regular gambler, or perhaps a new gambler that knows they need great betting odds, then Looniebet is one of the best sites around.

Hit the link on this page to check it out.

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Reference Sources

• https://www.looniebet77.com/sportsbook
• https://www.looniebet77.com/
• https://www.looniebet77.com/promotions