LVBet Review 2026: a Sportsbook First, with a Casino Alongside

Fairload, Malta and a Latvian licence since 2022

LVBet in Latvia is run by SIA LVBet, owned by Fairload Limited of Malta. The brand itself dates back to 2012 internationally, but it only entered the Latvian market in 2022, making it one of the more recent arrivals among local licensees. In August 2025 it joined the Latvian licensed gambling association (LLAB), a sign that it intends to stay.

The company holds Latvian licences A-69 and TI-14. This is what players usually call an IAUI licence — since April 2026 supervised by VID, which merged the inspectorate into itself and now issues licences, keeps the licensed list, the self-exclusion register and the blocked-domain list. You will find LVBet on the licensed casino list on latvijas-kazino.eu, next to the other operators approved for the Latvian market.

The Maltese parent does not change anything for the player: the Latvian entity is the one you contract with, and Latvian rules apply. Our guide to casino licensing in Latvia explains what that means in a dispute.

25+ sports and 500+ live events a day

LVBet describes itself as sportsbook-first, and the numbers back that up: 25+ sports and 500+ live events every day. For a Latvian bettor that means the usual football, hockey and basketball, plus plenty of in-play action at almost any hour.

The sports welcome offer is where LVBet really looks good. It is a 100% match up to €100 at 5x. On the full €100 that means just €500 of turnover, which is a very light requirement by any standard. If you mainly bet on sport, I would argue this is the bonus to take, and the casino offer is secondary.

For me, this is the clearest reason to open an account here. Plenty of Latvian brands add a sportsbook to a casino; LVBet does it the other way round, and it shows in the depth of the live schedule.

The casino welcome: €200 and 50 spins at 40x

Casino players get a 100% match up to €200 plus 50 free spins, with a minimum deposit of €10. The wagering requirement is 40x.

The arithmetic: a €200 deposit unlocks a €200 bonus, and 40 × €200 gives €8,000 of turnover. On a €50 deposit that becomes a €50 bonus and €2,000 to wager. The terms specify whether the requirement applies to the bonus only or to deposit plus bonus, which is worth checking before you accept. Set that against the sports offer — €500 of turnover on €100 — and the difference is stark.

Compared with Betsafe's casino welcome bonus, which offers the same €200 at 30x (€6,000), LVBet's casino bonus is the harder of the two. If you want to understand why the multiplier matters more than the headline sum, our guide to bonus wagering goes through it step by step. As always, check the max bet rule and game contributions in the terms.

Casino lobby: 800+ slots and 100+ live tables

The casino lists 1,000+ games in total, made up of 800+ slots, 100+ live casino tables, 60+ table games and 30+ jackpots. The slot count is the smallest among the Latvian licensees we cover — most report 1,500+, and Optibet 2,800+.

The live casino is the exception: 100+ tables is more than OlyBet's or Betsafe's 80+, and enough for anyone who prefers dealer games to slots. That fits the profile of a betting brand — players who enjoy live sport often like live roulette and blackjack too.

In short, the casino is a solid companion to the sportsbook, but a pure slot player has more choice elsewhere.

The 30+ jackpot games and 60+ table games are in line with the market average, so nothing is missing outright — the gap is purely in the depth of the slot catalogue. For someone who plays a handful of favourite titles, 800+ is more than enough. For someone who likes to browse new releases every week, Optibet or Tonybet will feel considerably richer.

Two iOS apps: LV Sports and LV Kazino

LVBet is one of the few Latvian operators with separate iOS apps for its two products: LV Sports for betting and LV Kazino for the casino. For in-play betting in particular, a native app is a real advantage — following live odds is where apps beat a browser tab.

Splitting the products into two apps is a matter of taste. I like it for bettors, who get a clean app without casino clutter; players who switch constantly between sport and slots may find one combined app more convenient. Android users and anyone who prefers not to install anything can play in the mobile browser.

Trustly payouts within 24 hours

Deposits start at €10, and LVBet supports the familiar Latvian methods: Trustly, bank link payments with Swedbank, SEB, Citadele and Luminor, Visa and Mastercard, and e-wallets such as Skrill and Neteller.

Withdrawals are stated within 24 hours via Trustly. That is acceptable, but slower than the leaders: X3000 quotes under four hours, Tonybet and Optibet under six. As at every licensed casino, identity verification is mandatory before you can withdraw, and I would complete it immediately after registration to avoid delays on the first payout.

For a betting-led brand, payout speed matters more than usual: a winning accumulator on a Sunday evening is something you want in your bank account quickly. Twenty-four hours is not slow in absolute terms, but it is the one area where I would most like LVBet to catch up with the Trustly times its bigger rivals quote. Our overview of fast-paying Latvian casinos shows how the market compares.

LVBet versus Tonybet and Optibet for sports fans

For a bettor, the natural rivals are Tonybet, sponsor of the Virslīga, and Optibet with its Baltic leagues. Both offer a sportsbook plus a much larger casino, iOS apps and faster stated payouts. Their casino bonuses are also more attractive: €500 at 35x and €300 at 35x respectively.

LVBet's case rests on its sportsbook focus, the 500+ daily live events and the light 5x sports bonus. If you bet first and play casino occasionally, it deserves a place on your shortlist; if casino is your main interest, the two rivals are better choices.