OddsMatrix Ltd is one of the most active gambling groups in Malta and the company that currently owns Favourit. This is just one of their brands and also a recent addition to their collection, but as a bookie it is also one of the most successful. The company is licensed and regulated by the Lotteries and Gaming Authority of Malta, which allows it to operate Favourit all over Europe and also beyond borders.
You should also check our Favourit sports review to find out more about Favourit's sportsbook and promotions.
Welcome bonuses and free bets at Favourit
Favourit is obviously trying to attract more customers to its online betting ring, but so far they failed to include the most important incentive on the list. The fact that new customers are not provided with a welcome bonus is weird, because these initial packages are the ones that sway prospective players to choose one online bookmaker over the other.
Once players set up a real money account and make their first deposit, they can start using mobile devices for wagering purposes. There is of course no bonus offered to those who rely on smartphones and tablets and play using sports betting apps. You won't get a bonus either for referring a friend as Favourit does not have a bookmaker refer a friend bonus promotion.
Favourit goes to great lengths to make sure that punters are not going to get bored with their sports betting offer and runs some of the aforementioned competitions. Truth be told, they are pretty successful at keeping players entertained and very few of them will end up looking for a different type of excitement. The problem is that those who seek online casino games or poker will find none of them here and the only obvious solution would be to set up a real money account with another operator. Fortunately, GamblingJudge offer plenty of alternatives when it comes to finding a suitable poker room or choosing the best internet casino bonus.
Special features and competitions
The bookmaker strives to build a strong and lucrative community and in order to achieve its goal, it tries to make members interact with each others. To start with, each time they wager on any sports event, they accumulate loyalty points which go by the name of BetIQ points. This is an interesting scheme that has a two-pronged effect, on one hand providing customers with the impetus to stay active, on the other it strengthens the bond between players.
It is possible to watch what other people are betting and follow their teams, thanks to the recently introduced feed feature. Furthermore, punters will get fully immersed in the gaming experience by signing up for one of the numerous betting competitions. These are usually focusing on selected sports and they have straightforward rules, as players only need to back the winners to score the necessary points. The most active ones will claw their way to the top of the leaderboard and by doing so they collect additional prizes on top of the inherent winnings.
Under normal circumstances, punters are pretty much on their own, because the bookmaker has no interest in providing them with access to quality information. Favourit has a different approach and employs a team of skillful writers that will provide members with real money account with some great betting strategies. One can follow their tips and bet on the best games of the day, to maximize the chances to win in the early stages of his betting career.
In addition to competing against the house for significant profits, players can also challenge their peers to various competitions. The opponents can accept the challenge or politely decline them but in most cases, Favourit members go at each other’s throats. The healthy competition will provide more than the adrenaline rush and will keep players at the edge of their seats, while also honing their skills.
In these tournaments, the winner takes it all and the runner-up gets nothing, which is yet another incentive to do your best to vanquish your opponents. There are not many bookmakers out there who run similar competitions and these challenges can also be issued on virtual currency. Normally, punters will find no satisfaction in betting play money on sports, because unlike casino games and poker, it is very difficult to monitor success in this way.
Even those who participate in these events can hope to collect cash prizes and then use the newfound wealth to bet on a nice assortment of sports. The name of the free virtual currency goes by the name of Caps and it is one of the most innovative features at Favourit. This is a great way to start the online gambling adventure for beginners who want to learn the ropes and still get fully immersed into the excitement of Internet betting.
Pros and Cons for playing at Favourit
Favourit is a great place to wager on sports especially if you are a beginner, because the odds are pretty high, the markets satisfying and numerous competitions run live. The fact that those who wager on virtual currency are treated fairly and provided with the same opportunities as real money players is a strong argument in favor of opening an account.
There is no welcome bonus and reloads are not matched by any percentage so players have no choice but to commit more money out of pocket. Favourit doesn’t have the customer base or reputation that would allow them to enforce such policies and the bookie is obviously taking a leap of faith with this strategy.
Another disadvantage is that online casino games and poker are not offered whatsoever, so you will have to settle for sports betting. Wagering in real-time is possible and the dedicated app runs smoothly on mobile devices, but it is not possible to watch games in real-time, as no live streaming feature is available.
Players are allowed to wager in Euros, US dollars and GBP but also a couple of exotic currencies, while the website is translated in English, Chinese, Swedish and Spanish. Customer support is only available in English over email, with Favourit being yet to introduce a live chat feature.
They don’t even have a phone number where customers can voice their concerns or ask for assistance, but instead are active on Facebook, Twitter and Google + accounts.
Favourit withdrawal and deposit options
Favourit is far more flexible when it comes to payment methods and all the major credit cards are offered, next to electronic wallets and the ever reliable bank transfer. The limits for deposits and withdrawals consist of €10 regardless of what payment method you prefer, but bank transfers will incur a commission of €10. They also have the shortcoming of taking several days to complete the transaction, as opposed to less than 24 hours for electronic wallets.