FAVBET Bookmaker Review: Trust Rating and Player Feedback Evaluation

Favbet, also known as Favorit, is originally a Ukrainian, and now an international bookmaker and casino in one cross-platform solution. The company offers a range of products for betting on sports and esports, politics, show business, TV lottery, gambling, and virtual disciplines. It was founded by Ukrainian entrepreneur and philanthropist Andrey Matyukha in 1999. Two years later, the official website for accepting interactive bets was launched. Shortly thereafter, mobile applications for iOS and Android were released. In addition to the online mode, the operator serves clients in land-based betting points and gaming establishments, of which more than 500 were open as of February 2024. The history of the bookmaker has seen both dark periods with loss of reputation and significant rises. Currently, it is confidently moving towards leadership.

Despite the brand's presence in Eastern Europe and CIS countries, its main customer base and physical retail are concentrated in Ukraine. That is why this review will specifically discuss FAVBET.UA, as the holding is most active in marketing and social activities in the domestic market.

We will determine how well the betting company meets the expectations of players. We will thoroughly examine all aspects of its operation: from the betting line and odds to event coverage, from the convenience of the website and app to reviews from real people and the generosity of bonuses.

License and Reliability

As the check showed, the Favbet UA bookmaker operates completely legally on the territory of Ukraine. The activity

Brief information about the legal authorization:

1. 1. Document number and issue date — No. 433 from 13.12.2022.
   2. Expiration period until renewal — 5 years.
   3. Basis for licensing — conclusion of the Commission for the Regulation of Gambling and Lotteries from 28.12.2022.

Additionally, the FAVBET group of companies has the legal right to operate a network of stationary betting points, as well as to install gaming tables, machines, and roulettes in the MERCURE KYIV CONGRESS hotel. Meanwhile, the technological division of the organization, Favbet Tech, is part of the legal and tax space for IT companies in Ukraine "Diia City", collaborates with the NGO "CyberPolk" in the fields of cybersecurity and training digital security specialists, and is among the top employers in the country.

BK Favbet holds the status of title partner for FC "Shakhtar", "Polissya", "Rukh", and "Podillya", and in the past has supported football teams such as: "Dynamo Kyiv", "Karpaty", "Obolon", "Volyn", "Kryvbas", and many others. The iGaming company sponsors the Ukrainian Premier League and the Hockey Federation, and at various times, the brand's official ambassadors have included:

● Football stars Andriy Shevchenko, Artem Milevskyi, and Andriy Yarmolenko; ● Football official, journalist, and TV commentator Viktor Vatsko; ● Sports journalist and TV host Oleksandr Denisov; ● Rap artist Potap and showman Ihor Lastochkin; ● Boxers Filip Hrgović, Denys Berinchyk, Oleksandr Usyk. Clearly, the KRAIL license No. 433 and sponsorship from well-known media personalities suggest that FAVBET is building a recognizable brand within the legal framework. However, this does not automatically make the company unequivocally reliable. According to player reviews, the entertainment platform has several issues that clearly indicate the need for effective solutions and further service improvements. Bettors and gamblers frequently complain that the club's security service complicates verification, unjustifiably delays payments, and cuts limits when bets start generating significant income. In these situations, support operators respond with polite but generic messages that seem more like formalities than actual help. At best, they might suggest undergoing identification again, but with additional documents. At worst, they might block the account until the conflict is resolved, citing rule violations that you likely haven't read. However, such incidents don't occur often enough to irreversibly tarnish the platform's reputation, although they do... leaves an unpleasant aftertaste for users.

On average, Favbet players rate it 3.0-4.3 stars out of 5.0 in reviews. To be honest, the result is not terrible, but it doesn't place them among the leaders in customer satisfaction. With such a rating, there is still room for improvement.

Official Website

In terms of design, the official Favbet website turned out to be modest but modern, and most importantly, functional. Throughout the testing, there were no difficulties with navigation, finding the necessary categories, or page loading speed.

The design uses a signature magenta shade with bright green accents to highlight key usability elements, while the overall color theme can be switched from dark to light or set to automatic. The header conveniently features the brand logo, which leads to the main page of the resource, login and registration buttons, as well as links to the main gaming sections of the bookmaker:

1. 1. Sports.
   2. Live.
   3. Casino.
   4. Live Casino.
   5. Quick Games.
   6. Esports.
   7. Promotions.

Below is a banner advertising bonuses and other offers from the betting company. Right below it are categories of entertainment and covers of the most popular gambling games. At the very bottom Recommendations for downloading the app and features of sports betting at the FAVBET bookmaker are provided.

In the footer, users will find useful informational blocks and extended thematic sections. Here you can familiarize yourself with the club's license and rules, delve into the offer agreement, find resources on sports types, get help, study payment methods, and view support contacts. The Privacy Policy, Responsible Gaming, and Loyalty Program are outlined separately. The Tab in the lower left corner of the screen allows you to adjust the background and switch the language from Ukrainian to English — the official site favbet.ua does not support other localizations.

As for the Fav Bet betting line, the section does not spoil with a variety of options. It is as simple as possible, offering a selection of TOP events, familiar segmentation by sports types, and quick search for matches/tournaments/leagues without customizable filters. Conciseness is even a plus, as beginners won't have to puzzle over complex interfaces and wander through the maze of tables with odds.

FAVBET App and Mobile Version

In FAVBET, the mobile version of the official site does not differ in functionality from the regular one, still allowing you to manage your account, place bets, receive bonuses, deposit, and withdraw money. However, playing from a smartphone is still more convenient in the app.

Mobile the client is better optimized for touch devices and works more stably than the website under slow internet conditions, also saving traffic. Push notifications will ensure you don't miss interesting matches and profitable promotions, crucial changes in quotes, and other important events.

Additionally, the Favbet app provides click-access to:

● Quick account login;

● Convenient deposit operations;

● Online sports betting in live and pre-match;

● Live broadcasts of games on air and schematically;

● Analytical materials, including statistics and results;

● Consultative support 24/7.

Downloading the Favbet app on an Android phone or iPhone is offered for free. You can download the program for the appropriate operating system from the official betting company website, the App Store online store (only for iOS), or a partner service. Keep in mind to trust only verified sources to avoid phishing and downloading malicious software.

Account Registration and Verification

In Favbet, registration is a straightforward process. provides access to depositing and withdrawing funds, and therefore to placing online sports bets. Without an identified account, the client is deprived of the right to perform any actions on the site, except for viewing the list of matches and open information about the bookmaker. The process of creating a gaming profile is simple and won't take much time, involving standard actions.

Registration at FAV BET is done in only one way. It's easy to complete by following the step-by-step instructions:

1. 1. Visit the bookmaker's official website.
   2. Click on the "Register" button.
   3. In the first line of the form, enter a valid phone number.
   4. Then enter your email address.
   5. Create a strong password between 8 to 14 characters long.
   6. Enter a promo code if available.
   7. Provide mandatory confirmations of age, acknowledgment of the terms of the offer agreement, and consent to the processing of personal data.

Once registered, it's better not to postpone the verification process, closing this gestalt while it's fresh. To complete the account holder's verification, both an analog passport of a Ukrainian citizen and an ID card are suitable. But before uploading photocopies of the document, first open your personal account and go to the "Personal Data" tab. Carefully fill in all the missing fields.

Then proceed to the "Documents" page and enter the requested information: citizenship, type, number, date, and place of issue of the identity document. It is important to enter the information exactly as it is stated in the passport, as changes will not be allowed later. Now, just a few steps remain:

● Upload a photo of the document by clicking the "Choose Files" button;

● Click "Save" to send the passport image to the bookmaker;

● Wait for verification approval.

You will see a message stating that the documents have been sent for review. Typically, verification at Favbet takes no more than 72 hours. Once the account is identified, an email with congratulations will be sent. The new status will also be displayed in the profile.

Betting Options and Odds at the Bookmaker

Favbet belongs to hybrid operators in terms of line formation. This means that part of the forecasts is prepared by its own analytical department, while other data feeds are purchased from national and international sports federations, as well as external providers like Betradar or Genius Sports. Compared to local competitors, the line is slightly delayed, but it is much more extensive.

In terms of content, the betting line of the FAVBET company is one of the best, which cannot be said about the quality of the "menu" of odds. There are minimal complaints about the list of outcomes for top competitions; the majority of bettors will find enough options to entertain themselves. However, in the case of secondary or not prestigious games, the assortment of bets becomes less stable. For example, a less popular hockey match might only have 10-15 betting options, which is not very serious.

The selection of live matches is small — 100-200 events per day. The number of ways to place bets is below average. There are few broadcasts.

The odds at FAVBET are also not record-breaking. The odds fluctuate from average to high. The margin is moderate — 3-5% commission is set for rated games and 6-10% for sports events with a limited fan base.

Payment Methods

Playing on money at Favbet can only be handled by individuals who are 21 years or older, have completed registration, and verified their identity. Ukrainian hryvnias are accepted for payment. We did not find information about the support of other currencies and/or automatic conversion.

Account Replenishment

As payment methods for depositing, FAVBET clients can use:

● Bank cards — Visa and Mastercard;

● Electronic cashless transfer systems — Apple Pay, Google Pay;

● Physical self-service terminals — EasyPay, City24.

The minimum deposit amount is 100 UAH — on the bookmaker's website and app, and from 2 ₴ — through partner's land-based input-output devices. To replenish the account remotely, log in to the bookmaker's platform, enter your personal account, go to the "Balance" tab, and select the financial instrument for further transactions.

Payment transactions are processed without commissions and in the shortest possible time. Usually, the crediting occurs instantly.

Withdrawal of Funds

Technically, cashing out winnings is done similarly on replenishment, but only to bank cards and only in a cashless manner. When ordering a withdrawal from Favbet, take into account a number of points:

1. 1. You must use your own bank card, which was previously used for deposit, otherwise the request will be rejected.
   2. The minimum withdrawal amount is 100 ₴.
   3. The limit for one transaction is 29,900 ₴.
   4. The maximum daily limit is 150,000 ₴.

They guarantee that payment processing on the company's side takes no more than 1 hour. However, they warn that payments to MonoBank and PUMB cards may take from 3 to 5 business days. UKRSIBBANK outright rejects transfers without specifying reasons.

All transactions with users are made in the national currency, i.e., UAH. It is not possible to link a card with euros or dollars to the account in the bookmaker's office.

Taxation of Winnings

When winnings are credited, according to the Tax Code of Ukraine, the bettor is obliged to pay an income tax of 19.5% of the payout amount. This fee is withheld and transferred to the appropriate budget by the organizer of gambling, that is, it is deducted by FAVBET as the tax agent.

Promotions and Bonuses FAVBET UA

The review showed that the bookmaker Favbet Ukraine does not skimp on for bonuses. Newcomers can receive up to 10,000 ₴ for their first deposit of 100 UAH on sports and casino. To redeem the welcome package, you must wager its amount 25 times on sports bets with odds of 1.50 or higher or spin in the gambling section within 10 days. Additionally, there are offers for VIP bets and top events with increased odds. Daily express prediction contests are held, and thematic promotions and seasonal events are regularly organized.

Bookmaker's Support Contacts

You can communicate with a representative of Favbet's casino and bookmaker technical support through the following channels:

● Live online chat on the website and in the app;

● Hotline 0 (800) 213 283 (free within Ukraine);

● Email address — [email protected].

The betting company also has official channels on YouTube, Instagram, Facebook, Viber, and Telegram. Recently, the bot @FavbetUAbot was launched, which operates as promptly as the live chat or Call Center.

FAQ

● How to log in to Favbet ua?

○ To log in to Favbet in Ukraine, go to the company's official website (favbet.ua) and use your credentials for authorization . If you don't have an account yet, you can register by following our instructions.

● Can I download FAVBET on my phone for free?

○ Of course. To do this, simply visit the bookmaker's website, select the app for iOS or Android, and install it.

● Where can I find today's Favbet promo codes?

○ You can enter the relevant query in the search bar, browse thematic groups in messengers and forums on rating aggregators. Also, keep an eye on the company's newsletter and its social media posts.

TEXT UNIQUENESS CHECK: 100%

Ratings

1. Reliability — 4.
2. Bonuses and promotions — 4.8.
3. Payment convenience — 4.2.
4. Live line — 4.
5. Prematch line — 4.5.
6. Support service — 4.
7. Odds — 4.3.