Betting Website Review – Vulkanbet

Vulkanbet is an online sportsbook that launched in 2015. The site is operated by Cyprus-based Verbenaz Limited and it is licensed in Curacao. While Vulkanbet has become a preferred destination for eSports bettors in recent years, it also offers odds on a wide range of popular and niche sports.

Vulkanbet Our Rating 94/100
  • Generous welcome offer and ongoing sports promotions
  • Good selection of sports
  • Competitive odds
$500 on three deposits
Visit Vulkanbet 19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply
93 Odds
25 Betting Markets
Yes In-Play Betting
vulkanbet bonus side
Welcome Offer
  • This promotion offers three different bonuses
  • first bonus is 100% up to CA$50;
  • second bonus is 125% up to CA$150;
  • third bonus is 150% up to CA$300;
  • Min deposit C$ 10
  • Wagering at odds of 1,95
  • Many other promotions
Visit Vulkanbet 19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply

Vulkanbet at a glance

Founded
2022
Logo
Languages
english
portugese
german
polish
japanese
spanish
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Payments
Visa Logo
Mastercard Logo
Bank Transfer Logo
Neteller Logo
Skrill Logo
Interac Logo
webmoney Logo
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Service
E-Mail
FAQ
Chat
Mobile
HTML
Min. Deposit
$10

So, how does Vulkanbet stack up to other Canadian-friendly bookmakers? Well, keep reading to find out. This Vulkanbet review will guide you through the entire sportsbook to give insight into the special offers, odds, available sports, and features. After reading this, you will have enough information to figure out whether Vulkanbet is the best sports betting site for you.

They have all major sports, a good selection of niche sports, and cover a lot of leagues. We were also generally happy with the odds as they are absolutely competitive.


Pros & Cons For Using Vulkanbet (Our Experience)

Let’s start with a quick overview of some of the pros and cons of Vulkanbet.

Pros

  • Licensed in Curacao
  • Vast selection of secure payment options
  • Competitive odds
  • Plenty of sports and eSports to choose from
  • Generous welcome bonus and weekly sports promotions

Cons

  • Long pending periods for withdrawals over $300
  • No live streaming for sports
  • Cashout only available for single bets
$500 on three deposits Welcome Bonus Set
94/100 Rating
19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply

Which Markets Do Vulkanbet Cover?

Vulkanbet is definitely ahead of the curve in terms of its eSports betting. Few online bookmakers cover the variety of games as well as Vulkanbet does. The bookmaker offers odds on:

  • CS:GO
  • League of Legends
  • Valorant
  • Rainbow Six
  • StarCraft II
  • Dota 2
  • Overwatch
  • Fortnite
  • Call of Duty
  • PUBG
  • More

One of the things that attracts so many eSports fans to Vulkanbet is the huge selection of betting options that each eSport offers. In many cases, you can have over 100 different bets to choose from including map handicap, winning margin, round winner, and whether the match will go into extra rounds.

We need to point out that Vulkanbet’s selection of sports is not as extensive as it is at many competing sites. You will typically find about 20 sports listed. With that said, they do go well beyond the basics. The sportsbook covers popular sports like:

They also do a pretty good job of offering niche sports like:

  • Table Tennis
  • Bandy
  • Skiing
  • Darts
  • Handball

Like the eSports betting menus, the traditional sports betting menus are quite deep. However, they aren’t quite as deep as they are at some of the bigger sportsbooks. For example, EPL bettors can expect to have close to 200 betting options at their disposal. While this is a lot, it doesn’t stack up well against the 1,000 options you often have at other sites. Still, soccer bettors can choose a decent variety of wagers including:

  • 1X2
  • Double Chance
  • Draw No Bet (Moneyline)
  • Both Teams to Score
  • Spreads
  • Totals

Just don’t expect to see too many player props, game props, or team props. Don’t expect to bet teasers either although you can still bet singles, create parlays, and put together system bets. It’s also worth noting that you can bet on full-time results as well as periods/quarters/halves.

vulkanbet betmarkets
Some of the betting markets

The Vulkanbet review team was happy with the NBA section. We found that the average match gave us about 100 options like alternative spreads and totals, 1st, 2nd, 3rd, and 4th quarter betting, and winning margin.

Those who like betting on hockey should be satisfied with their options too. While the menu doesn’t include many props, you can choose alternative pucklines, alternative totals, and various period bets including whether the game will go into overtime.


Live/In-Play Betting

We were generally satisfied with Vulkanbet’s live betting options. If there is a game or eSports match in progress, Vulkanbet almost certainly has an offer for in-play betting. The live betting menus are very similar to their pre-match counterparts.

For instance, NBA games should provide bettors with dozens of options including most of the betting markets mentioned above. Again, you probably won’t find any player props or many game props, but they offer all of the basics. The same can be said of most other major sports like baseball, hockey, and football.

We were particularly impressed at the table tennis live betting of all things. We checked out a Setka Cup match that offered over 100 live betting opportunities including:

  • Set Handicap
  • Total Points
  • Total Sets
  • Point Handicap
  • Set Winner

We also think that in-play eSports bettors will be more than happy with what they find on the live eSports betting menus. Feature matches often serve up over 100 betting options. For instance, an NBA 2K23 match gave 110 bets to choose from including:

  • Moneyline
  • Spread and Alternative Spreads
  • Totals and Alternative Totals
  • Quarters

Perhaps the biggest disappointment related to the live betting section is the lack of live streaming. While the site does offer streaming for a few eSports, they do not offer it for traditional sports. With that said, it’s easy enough to find free live streaming services these days. Of course, you can’t completely trust that those streams are in real-time. They are often a little behind which doesn’t help a live bettor’s cause.

Vulkanbet in Test 94/100
  • Generous welcome offer and ongoing sports promotions
  • Good selection of sports
  • Competitive odds
$500 on three deposits Visit Vulkanbet
19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply

Offers/Bonuses/Promotions

We will now fill you in on the bonuses and promotions available to sports bettors at Vulkanbet.

First Deposit Bonus

Vukanbet has a pretty generous offer for those who open a new account. When you make your first minimum deposit of $10 within 5 days of registering, Vulkanbet will 100% match it up to $50. When you make your second deposit of $10 or more, Vulkanbet will 125% match it up to $150. Your third deposit will earn you 150% in bonus cash up to $300. That’s a total of $500 in bonus betting cash.

Each bonus installment is valid for 5 days and they must be wagered 10 times on single wagers with odds of 1.95 or greater. You can also satisfy the wagering requirements by betting parlays provided each selection has odds of at least 1.40.

vulkanbet bonus

Weekly Bonus

Vulkanbet offers sports bettors a weekly bonus. We can’t get into too much detail as these bonus offers change every month. However, we can give you an example of an offer that was active when this Vulkanbet review was being conducted. The bookie was giving away a no-deposit bonus of $30 when you bet $100 on wagers with odds of 1.75 or greater. This offer ran throughout the month and players could claim it once a week.

Vulkanbet also has other interesting promotions. Again, they change so often that we won’t get too specific. However, we did find a time-limited offer through which Vulkanbet would give you a 100% match bonus up to $1,000 plus a $10 free bet when you made a minimum $10 deposit.

While we can’t be certain about the particulars of a regular promotion at any given time, we can be certain that they will have something nice in store for you.

Vulkanbet Bonus
  • This promotion offers three different bonuses
  • first bonus is 100% up to CA$50;
  • second bonus is 125% up to CA$150;
  • third bonus is 150% up to CA$300;
  • Min deposit C$ 10
  • Wagering at odds of 1,95
  • Many other promotions
Visit Vulkanbet 19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply
1 JOIN
Open an account for free
2 DEPOSIT
Make your first deposit of min C$ 10
3 ENJOY Bonus
Enjoy your bonus up to C$ 500 on your 1st-3rd deposit

Odds

Online sportsbook operators make their money by charging a commission on each bet they accept. This commission is known as the “odds margin” or “betting margin”. A lower odds margin means you earn more money when your bets win. This is why it’s so important to always find the most competitive odds. An odds margin of 5% is generally considered fair. So, how fair are the odds at Vulkanbet?

If you wager on a mainstream soccer match like an EPL or Champions League game, you can expect an odds margin of just under 5% for 1X2 bets and a tad over 5% for spreads and totals. You can expect the same for bets on NBA, NHL, MLB, and other mainstream sports.

Those who bet on niche sports can expect to pay a higher betting margin. However, this is standard practice at most online sports betting sites. When you bet on darts, table tennis, billiards, and other small-market events, you’re looking at a betting margin of about 8%. It could be as low as 6% or as high as about 9% depending on the competition.

These margins are the very definition of fair and compare well to what you would find at other top sportsbooks.


Vulkanbet Website Design, Usability & Mobile Support

Being a modern sportsbook, it should come as no surprise that Vulkanbet is fully compatible with most mobile browsers. The site does not offer a dedicated app simply because it’s already optimized. All you need to do is launch your mobile device’s web browser and go to Vulkanbet. You can sign up, claim a bonus, and start betting from almost anywhere as long as you have a reliable connection to the internet.

If you have ever been to other online sports betting sites, then you will already be familiar with the layout and design of Vulkanbet. Mobile users will be greeted with the most popular live and pre-match betting menus.

You can simply hit the sports menu icon at the bottom of the screen to bring up the full slate of sports. You will also see the “My Bets” tab there so that you can check out your pending and settled bets. Anything else you wish to do can be accessed by hitting the “Menu” icon.

Even the most inexperienced user will have no problem finding what they are looking for as the design is exceedingly intuitive and very responsive. We like that everything is just a tap or two away. The predominantly blue and white design makes the site easy on the eyes and there are no annoying distractions.


VIP Program

Unfortunately, Vulkanbet does not offer a VIP Program for sports bettors. Only those who play casino games can earn VIP rewards. With that said, sports bettors can take advantage of a variety of perks such as bonus cash and free bets by participating in the many weekly bonus offers.

vulkanbet casino
Casino Section at Vulkanbet

Operating License

Vulkanbet is licensed in Curacao. While a Curacao eGaming license might not be quite as esteemed as a license from the UKGC or MGA, it is definitely one of the more respected ones. Bookmakers that have a Curacao license are required to operate to very high standards.


Features

  • Cashout
  • Stats and handicapping tools
  • Live betting
  • Online casino and sportsbook

Payments At Vulkanbet

Vulkanbet is not lacking in terms of payment options. They support an impressive variety of Canadian-friendly methods including:

  • Visa Debit/Credit
  • Mastercard Debit/Credit
  • Neteller
  • Skrill
  • Interac
  • WebMoney
  • Flexepin
  • Online banking
  • Jeton
  • Perfect Money

Deposits

You can make instant deposits using any of the payment options listed above. Deposits are free although your payment provider might charge a small fee for providing this service. The minimum deposit amount is set at $10 while the maximum deposit amount is $100,000.

Withdrawals

Before we get into the withdrawals, you need to know that you must roll your deposit amount over twice before you can make a free withdrawal. If you don’t, you will be charged 20% of the withdrawal amount. Also, you have to complete the verification process before requesting a withdrawal. This process entails providing a couple of documents such as a government-issued photo ID and a utility bill.

One of the major drawbacks to Vulkanbet is the pending periods which vary depending on the amount of the withdrawal. Any withdrawal of $300 or under will be processed within 48 hours. If you withdraw between $301 and $1,500, you’re looking at a pending period of up to 5 days while withdrawals between $1,501 and $15,000 may take up to 14 days for approval. Finally, any withdrawal over $15,000 could take up to 30 for approval. This isn’t very good at all.

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Security

You can trust that all of your financial and personal details are safe and secure at Vulkanbet. Any information you provide is protected by SSL encryption while any stored information sits safely behind the latest firewalls. We suggest that you have a gander at the site’s privacy policy to learn more about how and when your information may be used.


Customer Support

Vulkanbet’s helpful support team is on hand 24/7 to answer any questions you may have. You can get in touch with a representative using email or the live chat feature. The site also maintains a presence on Instagram, Telegram, and Facebook. As great as the support is, we would like to have seen a better FAQ section.


Additional Services

In addition to offering eSports and sports betting, Vulkanbet also features a wonderful online casino. You can play over 3,600 games from multiple top providers including Play’n Go, Yggdrasil, NetEnt, and Evolution Gaming.

Our Experience With Vulkanbet

We were neither overwhelmed nor underwhelmed with Vulkanbet. Let’s just say we were whelmed. While we would have liked to have access to a few more sports, we cannot say that the site is badly lacking in that respect. They have all major sports, a good selection of niche sports, and cover a lot of leagues. We were also generally happy with the odds as they are absolutely competitive.

Our experience at Vulkanbet left us confident that the site is 100% legit. Even though the withdrawal times are seriously slow, we can guarantee you that you’ll get your money. Speaking of money, we were happy with the welcome bonus cash and the reasonable wagering requirements. We recommend taking advantage of this offer along with the other regular promotions.

After thoroughly examining Vulkanbet, we can confidently recommend this site to recreational punters who are looking for good value. It’s also nice to have access to such an abundance of casino games as they provide a fun diversion from sports betting.

$500 on three deposits Welcome Bonus Set
94/100 Rating
19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply