Last Updated on September 28, 2023
In this article, we’ll cover the Velobet Casino sister sites first so that you have some history and context. Then, we’ll discuss who owns the sites and jump into an honest Velobet Casino review. And if you’ve seen some of our more dire reviews in the past, don’t worry: For once, this one will be happy through and through!
Sites Like Velobet Casino
Because we keep tabs on the big sister sites around the globe, the Sister Casinos team noticed that Santeda International released a new casino towards the end of Q3, 2023.
We’re excited, and many international gambling communities are enthusiastic because the Santeda International casinos tend to be some of the most transparent and well-run offshore casinos. The downside is, of course, they’re based in Curacao. But the upside is a track record on par with some of the best EU and UK casinos.
Velobet Casino Sister Sites
There are three Velobet Casino sister sites to consider. And they’re all powerhouses: MyStake, Rolletto, and GoldenBet.
It isn’t very safe for a new casino manager to live up to the reputations these three casinos have forged over the past few years. But it’s also an incredible opportunity.
Because as you’re about to see, these three sites are some of the best offshore casinos in the world. And we will start with one of the very best in rating and sheer international popularity.
But first, there are a few things that all of the Velobet sister casinos have in common, which we can briefly cover here.
The main deposit methods are credit, debit, bank transfer, Skrill, Neteller, Ecopayz, PaySafeCard, and Crypto. Some casinos have more options, and some are only available to certain countries or localities.
Note that there are maximum monthly withdrawal limits for non-VIPs. These limits will depend on your deposit and withdrawal methods. So, if you want to avoid those as a high roller, or if you hit the jackpot, contact support about details on their VIP program.
MyStake – Velobet Casino Sister Sites
MyStake is a mixed online casino experience with equal impetus on slots, table games, a live casino, and a sportsbook. To give you some idea of how massive their game selection is, the site says there are over 4,700 games in the casino section alone (as of September 2023). And though they don’t have multiplayer bingo, they do have single-player table games with bingo themes.
They work with dozens of game creators, including Evoplay, Elk, BGaming, Realtime, Yggdrasil, Microgaming, One Touch… heck, have a look.
Dozens. We weren’t kidding.
Lots of selection means an incredible slot and table game experience, sure. But also live casino games from XPG, SA Gaming, Lucky Streak, and Bet Games.
Even the sportsbook has plenty of variety. Esports, racing, and virtual sports are all available, besides the core sports and racing wagers you know and love.
Finally, because the site has a crypto subtheme, there are plenty of high-stakes opportunities in addition to low-stakes favorites ranging from penny-ante slots to inexpensive table games.
MyStake RTP – Velobet Sister Sites
The typical RTP range at MyStake is between 95% and 97% for slots. There are exceptions in either direction, of course.
Voodoo Gold from Elk Studios is a prime example of a slot right in the heart of this range. It’s a megaway with a 96.1% RTP and 4,096 paylines that expand to 262,114 during bonus rounds. Max payout is 5,000x, potentially turning a $100 spin into half a million dollars.
A bit higher in the range, Reactoonz from Play’n GO is a 7×7 reel slot with a 96.51% RTP. It’s a high volatility, seven-payline affair with a max win 4,570x. This is an excellent, quite different slot format that can take a little getting used to but becomes quite enjoyable once you get the hang of it!
MyStake Bonuses – Velobet Sister Sites
You’ll rapidly discover that many of the Velobet sister sites could have better bonuses. But at least MyStake’s bonus offers have a lot of variety. As of late September 2023, they have nineteen available bonus offers. Some are no-risk ‘freerolls’, while others have rollover or other play requirements.
The Minigame Deposit Match Up to $500 offer is a 100% first deposit bonus strictly for minigames, though not Dice, BlackJack, Plinko, or Limbo. The catch? It’s a 30x rollover requirement of deposit plus bonus. So, on a 97% RTP minigame, you’ll lose $30 out of your $1,000 balance on average for each rollover. Do that 30 times… the average player will have $100 left.
But wait, didn’t you read somewhere that the MyStake minigames are all 99% RTP? Well, one of their blog posts mentions that. But the minigame page back in the day said 98% RTP on at least one game. What are the real RTPs? We won’t guess, but if you know that one of them is 98% RTP or higher, this bonus becomes worth a shot.
All of the 30x deposit plus bonus rollover requirements are suspect here. Try the pure freerolls. One example of this is the 10 Free Dino Minigame Runs bonus offer. There’s a 20x rollover requirement on any winnings, but it’s free and only requires a $20 deposit.
MyStake Ranking – Velobet Sister Sites
Unshockingly, MyStake reviews rate the site quite well, with a Trustpilot score of 4.7 out of 5 stars in Q4 of 2023. That’s simply incredible. Only the highest-rated UK casinos come close to that level of trust. And it’s not just a few reviews. It’s over 13,000.
We don’t say this lightly, but MyStake has earned one of our highest trust levels due to the transparent ownership and licensing. It’s the kind of site that you expect to be run out of the UK under the tightest regulations with very generous owners. But when you discover that it’s just an offshore site everyone loves, that makes the surprise all the more pleasant.
Rolletto – Velobet Casino Sister Sites
Rolletto is a MyStake clone with a slightly better live casino and a little worse bonus offers. Of course, it carries the exact suit of slots, table games, and minigames as the other Velobet sister sites.
But for some reason, they have nearly 30 live blackjack tables, 20 live baccarat tables, and dozens of other games to pick from. Their live game selection includes Pragmatic, Lucky Streak, 7Mojos, BetGames, XProGaming, and AsiaGaming. This variety of providers might explain the site’s broad selection.
Rolletto RTP – Velobet Casino Sister Sites
Typical slot Return To Player percentages are in the 95% to 97% RTP range. But if you want to have fun with RTP statistics, the site lists hot and cold games.
Monitoring a machine for 24 hours is statistically meaningless, of course. RTP must be established over hundreds of thousands of spins if not millions.
But it’s a lot of fun. If there’s a ‘hot’ or ‘cold’ game that you like and you want to jump in and play, that’s great as long as you understand that the past performance on such a short scale has no bearing over future results.
Rolletto Bonuses – Velobet Casino Sister Sites
The long and short of it is that all of the welcome bonuses at Rolletto with cash bonuses could be better.
It’s because they all involve a 40x rollover of deposit plus bonus. This makes just about any clearance of the bonus virtually impossible. For example, look at the seasonal 100% Deposit Welcome Bonus of up to $1,500. If you deposit $1,500, you get $1,500 for $3,000.
On a 97% RTP slot, you’ll lose $90 on the average rollover. Do that 40 times, and you’ve lost $3,600 before clearing your bonus. In other words, the average player will zero out entirely before clearing their bonus. It’s not even close. We suggest you use the freeroll offers instead.
There’s also a 3+1 Sportsbook Freebet offer that takes the average of your last three consecutive sports wagers and awards a free bet of that amount. It’s a nice perk to opt into.
Rolletto Ranking – Velobet Casino Sister Sites
Public reviews are generally excellent, as you might expect from a Velobet Casino sister site. In this case, they have a 4.0 out of 5 possible stars on Trustpilot (as of late September 2023).
However, some negative reviews are about failures in the self-exclusion system. That’s an important issue to address. They claim that e-mail support is good enough, but most systems these days have automated web forms, so everything runs smoothly. They may need to invest in a better plan.
Still, overall, we consider Rolletto a trusted site. Most customers enjoy them, have a lot of license and ownership transparency, and track their RTPs carefully.
GoldenBet – Velobet Sister Sites
Founded in 2021, Goldenbet is just a couple of years old. And yet, it already has a loyal following and a solid reputation among the pros. It’s essentially a Rolletto variant site with a (seemingly) separate support structure.
What makes MyStake and Rolletto great applies here, as does the questionable bonus offer situation.
GoldenBet RTP – Velobet Sister Sites
Using the same suite as the other Velobet Casino sister sites, GoldenBet has slots that average around 95% to 97% RTP.
But there are some gems out there, albeit volatile ones. A good example that even suits high rollers is Marching Legions from Relax Gaming. This is a high volatility slot with an impressive 98.12% RTP. And because it’s a $100 max bet with a 10,000 max win, the fabled ‘million dollar spin’ is possible. But this five-reel, 243 pay line wonder will test your patience.
For a more typical slot that appeals to the low-stakes gamers who want a shot at ridiculous wins, we have Bgaming’s Penny Pelican. This is an ultra-volatility slot, meaning massive droughts and huge wins. The overall 95.98% RTP is average. But it’s an excellent grinding choice for a penny slot with 20 paylines and a 3,525x payout.
Of course, the casino floor offers blackjack variants in and around 99.4% RTP with perfect play. It’s a similar story in the live casino as well.
GoldenBet Bonuses – Velobet Sister Sites
On the bonus side, all the casino stuff is 35x rollover of deposit and bonus. As you already know from the commentary above, these are all structured to make you lose all your money on average before the prize is cleared.
On the sports side, there’s a chance. The Sports and E-Sports 100% Welcome Bonus line is only a 10x deposit plus bonus rollover requirement. While this could be better, sportsbook folks know what they’re getting into, unlike the casino side, where the RTP becomes virtually law because of small max bet caps. Instead, it’s a 3-event wager minimum, each with at least 1.4 odds. You can use personal knowledge, bad house handicapping, and sheer variance to beat the system. This is particularly true of E-sports, where the house sometimes needs help understanding the subtle day-to-day differences in small-team dynamics.
GoldenBet Ranking – Velobet Sister Sites
It turns out that GoldenBet is the public’s golden boy, with a 4.2 out of 5 star Trustpilot rating as of late September 2023. The main complaint from the dissenters is that UK players can’t play certain games (NetEnt and others have strict license requirements) and haven’t opted into the GAMSTOP gambling self-exclusion scheme. They do have their exclusion scheme, and of course, they aren’t a UK-regulated casino, so none of this should be a shock.
Overall, we love Goldenbet’s transparency, and so far, we love their brief track record. It’s still early days for them, but they’re one of the best casinos like Velobet, without a doubt.
Who Owns the Velobet Sister Sites?
The Velobet sister sites used to be owned by a company called ‘OnyxioN B.V.‘ founded in 2019. If you look them up in the Cyprus business register, you’ll see that they changed the name during the company’s rapid growth in mid-2022.
Their name became Santeda International Limited. Santeda (Cyprus business registration number HE406761) holds the licenses for all Velobet sister sites. They use a 1668/JAZ license from Curaçao eGaming. It’s a weaker license, but at least it has online validation, which all four casinos passed as of late September 2023.
That company manages all of the financial transactions for the Velobet Casino sister sites. The company that operates the casinos is called Santeda International BV.
Rather than put a flashy CEO as the public figurehead of the casino side of the operation, they put a business development manager as the Director of record. A quick lookup at the Curacao Chamber of Commerce shows Theoklis Andreou as the person in charge. Theoklis is the Head of Secretarial and fiduciary operations at MariCorp Cyprus Consultancy.
Suppose that sounds boring to you, Good. Regarding real money online casinos, a boring leadership structure is excellent news. You want the people in charge to do all the due diligence and paperwork, not hopping on private jets and partying with rockstars.
Is Velobet Safe and Legit?
Although any Curacao-licensed casino has a negligible risk simply because the enforcement of legal standards is relatively weak there, Velobet Casino is about as straight-laced as they come.
In addition to all of the ownership information being public knowledge and the Directorship being traceable to a known consultancy company, every one of the Velobet Casino sister sites has a verifiable license with Curacao eGaming. You can do this by clicking on the icon on the bottom navigation bar of the site, which forwards you to the Curacao eGaming validation tool. Or you can go directly to the tool and type in the domain you want to look up.
The one safety issue that we have is their odd password length limit. They insist on mixed case, alphanumeric passwords with a unique character… but it can only be eight characters long.
Their password policy should be eight characters minimum, not eight maximum! If they have to cap the password length, it should be 16 characters. Otherwise, these accounts will have specific vulnerabilities that are not desirable.
We E-mailed Velobet support with these points and hope they’ll develop a much stricter password policy shortly. But other than that one concern, the site looks safe enough.
An Honest Velobet Review
The best way to introduce this new site to people who are ‘in the know’ is with this statement: Velobet is the BetVictor of offshore casinos.
However, that might mean little to people unfamiliar with the UK scene. And to be fair, there’s a significant difference between Curacao and UK regulations. But in a nutshell, Velobet offers transparency, a wide variety of games at a decent RTP, and a robust sportsbook under one roof.
Sites like Velobet come along only a few times a week. It’s great that this one has the pedigree of Santeda behind it. But first impressions mean a lot in this industry. So, let’s examine the foundations that the site is built on.
Velobet offers many games, including slots, live casinos, table games, sports betting, wagers on racing, and E-sports betting, all under one roof.
And we’re not talking about small quantities. They offer 5,860 slots and casino games, nearly a thousand more than MyStake. And they’re working with even more game makers than the other Velobet sister sites, a total of 52 different providers, and rising! They’ve added games from Genii, NoLimitCity, Push Gaming, Hacksaw, Slotmill, Spigo, Igrosoft, and Amatic, to name a few.
This is one of the boldest strategies for a significant real-money online casino chain. They’re building a new site that might overshadow the already impressive scope of their current locations.
But what does that mean in terms of Velobet’s games?
Typical Velobet Games
If you’re looking for Velobet slots in the higher range of the typical RTP (between 95% and 97%), Three Samurai from Slotmill is a good example. A high volatility 5×3 (expanding to 5×4) reel slot, Three Samurai boasts a solid 96.45% RTP. Its 40 paylines can yield a maximum payout of 10,000x.
Another slot from a relatively new provider to the Santeda casinos is Dollars Down Under from Genii. We’re highlighting this one because of its impressive 97.67% RTP. This is a good grind, with 30 paylines allowing bets ranging from a penny to a quarter per ‘coin’, and one to five coins per line. That’s a massive amount of flexibility that allows this medium volatility slot machine to serve low- and medium-stakes players.
And, of course, the Live Casino and Table Games selections offer high RTP games such as blackjack and baccarat, as well as classic games such as roulette and casino poker.
The sportsbook is a lot like MyStake, offering various classic sports, racing, and E-sports action.
Velobet Bonus Offers
Sadly, the Velobet promotional offers are primarily in the 35x rollover of deposit plus bonus range. That’s what we see for the New Deposit 150% Match up to £500 request, and the 160% Crypto Match up to £1,000 offer.
As you already know, these will likely erode your entire bonus and most (if not all) of your initial deposit. It’s the ultimate ‘Are you feeling lucky’ offer, though it’s better than what we saw on Rolletto.
But the 150% New Sportsbook Deposit Match up to £1,000 offer is the real lowlight here. With a terrible 15x rollover requirement on deposit plus bonus, requiring a minimum of 3 events wagered each with odds of at least 1.3… this one should be a hard pass. Take advantage of the 3+1 Sportsbook Freebet bonus, though, as it’s essentially a freeroll for regular bettors.
Velobet Deposit Methods and Withdrawal Methods
Velobet primarily takes credit cards, debit cards, bank transfers, Neteller, Skrill, PaySafeCard, Astropay, and Crypto. These will depend on your country since some payment services only operate in some places.
Withdrawal times vary based on the method and the verification process. Crypto is the fastest, of course, and has the highest limits. Three days is typical for most other digital strategies after the ID and anti-money laundering (AML) checks are done.
Note that the maximum withdrawal for non-VIPs is £15,000 a month. So it’s worthwhile to contact support, get VIP status, and request more considerable withdrawal limits as a high roller.
Velobet Reviews, Ratings, and Support
As a brand new casino, there need to be more Trustpilot scores to matter just yet (6 reviews as of late September 2023). The other Velobet sister sites are all 4 out of 5 stars or above, with hundreds or thousands of considerations, so seeing how this one shakes out will be interesting.
As far as the folks here at Sister Casinos, we’re convinced. The transparency is incredible, from the corporate structure and ownership to the licensing and support model.
Speaking of support, they have both E-mail and live chat options, and they might be adding extra VIP support options, though currently, that link needs to be fixed.
Do we have any regrets? Sure. For example, we’d love to see external RNG auditing and certification. Velobet has opted for in-house testing, which doesn’t provide the level of transparency that external accreditation does. That’s the policy of all the Santeda International BV casinos.
That aside, we recommend Velobet as a reasonable risk, particularly compared to most offshore casinos. We’ll continue monitoring things as the first hundred reviews pour in to see if the public agrees.
Velobet has made a promising start, though there are always teething issues with any new real-money online casino.
They must work on their bonus offers to separate themselves from the crowd. We’d suggest a maximum 25x deposit plus bonus and tweaking the bonus percentages to leave the average player’s initial deposit primarily intact at the end of a bonus clearance. They would make money more slowly but attract a much bigger crowd.
Even with their lackluster bonuses, the sheer potential of Velobet is enormous. They have so many games, with many RTPs and volatilities available. If they play their cards right, Velobet could be the BetVictor of the West.