What is the Librabet bonus all about?
On this page, we focus on the exclusive new-customer bonus from Librabet. This bookmaker grants its customers 100% on the initial buy-in up to a maximum of €150. At this point, you might smirk believing that this doubling of the first payment is just a standard offer, and you wouldn’t be far wrong. However, thanks to Bettingformat, if you enter the bonus code WF150, you will receive €150 on top of your own buy-in, insofar as you bear in mind and meet a number of conditions. Further below, we will go into greater detail about Librabet’s various betting requirements. However, please note that this offer is only available to new customers from Germany, Austria, Sweden and Switzerland. Furthermore, in Librabet we are looking at a bookmaker that is licensed in Curaçao and only went online at the beginning of December 2018. This betting provider is operated by 7Starspartners, which already has many years of experience in the gambling industry.
These few steps will earn you the Librabet bonus
- 1. Click on our own Bettingformat link, which will redirect you to this bookmaker’s website
- 2. Then go ahead and complete your first-time registration
- 3. Make your initial deposit of at least €20
- 4. In the live chat, provide bonus code WF150. At the same time as you make your first deposit, place a sports bet quoted odds of at least 1.50
- 5. Once your first bet has been resolved, the bonus amount will be credited to your betting account
- 6. Now meet the bonus conditions within 30 days
How does the Librabet bonus function?
This is an offer for new customers featuring a 100% bonus up to a maximum of €150 additional credit, exclusively in cooperation with Bettingformat. This means, after you have wagered the full amount of your initial deposit on a qualifying bet, you might potentially be able to draw on as much as €300, which then has to be wagered 6 times within 30 days on qualifying sports bets. In total, to scoop up the maximum bonus you will have to bet €1800 before you can request a payout of the bonus.
Amount of the betting bonus in %
Librabet doubles your initial buy-in, giving you 100% on top of the initial deposit to your betting account. However, you will have to request the bonus by providing the aforementioned code in the live chat, and also place a first sports bet as described above.
The bonus conditions in detail
As we said at the beginning, only brand-new registered customers from Germany, Austria, Switzerland and Sweden are allowed to apply for this offer. Before you can receive the offer, you must bet the full amount of your first deposit one time, then go to the live chat and provide them with bonus code WF150. With that complete, you will have to wager the sum of your first payment plus the bonus credit a total of 6 times on qualifying bets, before being able to request a payout in real money. In the following sections, we will address a number of details you need to pay close attention to.
Minimum buy-in
Librabet requires a minimum first-time deposit of €20 in order to take advantage of their new-customer offer.
Minimum wager
In this regard, you need to be aware of two things. On the one hand, you will have to bet the amount of your initial deposit one time. On the other, you will then have to bet the sum of the bonus plus your own deposit 6 additional times.
Required minimum odds
Here, you need to pay attention to two different minimum odds. When betting the amount of your initial deposit, the odds have to be at least 1.50. If you unlock the additional bonus credit and make a combo bet, each line of that bet must also have been quoted odds of 1.50 or above. However, if you only place individual bets, the required odds are 2.0 or higher.
Time limit
When you consider how much you are expected to bet, the timeframe is rather tight. Once you receive the bonus, you only have 30 days in order to place all of your qualifying bets.
Restrictions in payment methods
In the course of our research, we were unable to establish whether specific payment methods were required in order to receive the bonus. Though all in all, the bookmaker offers a wide spectrum of payment options. Many of these can also be used later to receive payouts. Our previous experience has shown that many bookmakers only allow you to use the same payment option originally used for your buy-in in order to receive payouts. This is why we strongly suggest carefully considering in advance which payment method you prefer to use. Finally, we were unable to establish any fees, which definitely speaks in Librabet’s favor.
Betting restrictions
Fundamentally all sports bets are allowed. That said, handicap bets, over/under bets, both teams score, total goals, even/odd goals or points, live casino and bets in the virtual sector are excluded.
What were the key factors in our evaluation of the Librabet bonus?
In our opinion, this new-customer offer tends to be more suitable for experienced tipsters. On the one hand, the odds are rather high, while the 30-day time requirement is likewise very demanding. While the odds of 1.50 for combo bets do perhaps sound acceptable, this would actually equate, let’s say we are considering a 3-line combo bet, to total odds of 3.375. That amount is nothing to sneeze at! Also bear in mind that, when looking at combo bets, only one event needs to go the wrong way and the entire betting slip goes up in smoke. The fact that you first have to bet the entire amount of your initial deposit isn’t the norm either, though we do tend to encounter that requirement more and more often. The minimum buy-in of €20 isn’t exactly small either, especially if you consider you would ultimately have to come up with €240 in order to receive your €20 bonus. We don’t feel this new-customer offer is a true quid pro quo and can only recommend it to ambitious tipsters.
