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Traditionally LeoVegas was a casino operator but agreed a deal with the Kambi Group in 2016 to introduce sports betting. The platform for the sportsbook is supplied by Kambi who have also been involved in the sports betting product offered by some other leading operators. Leo Vegas provides odds on 36 sports, including horse racing. The operator currently offers ante-post betting for the 2020 Cheltenham Festival and will offer a range of markets and promotions during the meeting in March. LeoVegas has a welcome bonus and ongoing promotions for existing customers which complement the site’s betting on the Cheltenham Festival.
The Cheltenham Festival is the biggest betting meeting of the year. Over four days andין 28 races the best horses in Britain and Ireland compete in championship contests over fences and hurdles. Bookmakers such as LeoVegas increase marketing activity to attract new customers during the meeting. However, LeoVegas do not neglect current players by offering a range of Cheltenham Festival related bonuses and concessions during the week and before the racing takes place. The operator has a mobile app which means mobile customers can take advantage of LeoVegas’s package of promotions related to the Cheltenham Festival 2020.
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New Customer Offer
LeoVegas is licensed and regulated by the Malta Gaming Authority and UK Gambling Commission. These are two of the most trusted regulatory bodies in the industry. Bookmakers increase promotional activity during the Cheltenham Festival so the licensing authorities are vigilant in identifying unfair practice. Customers with Leo Vegas can claim a sports welcome bonus during the Cheltenham Festival and at other times of the year. The welcome bonus comes in the form of up £100 in extra winnings. This Cheltenham Festival and general offer is subject to the following Terms & Conditions:
- New customers only and current players are not eligible.
- Initial deposit of £10 or more.
- Customers must claim the bonus in ‘My Offer’.
- Qualifying bet of £10 or less on mobile devices.
- 100% matched profit boost.
- The maximum winnings is £100.
- The bonus is valid for 30 days.
- Profit boost paid in the form of betting funds.
- Leo Vegas general Terms & Conditions apply.
Even though the profit boost appears to be generous the maximum stake is £10 so in order to earn the maximum bonus the first bet must win at odds of 11.0 (10/1) or bigger. The rules are clear and transparent but a limited number of new customers will claim the maximum bonus. However, it is a genuine 100% matched profit boost because the offer has the potential to produce a profit boost that is for the same value of the regular win. The maximum bet stipulation negates some of the benefits of the LeoVegas welcome offer. Similar offers with other bookmakers are more attractive and easy to achieve. The LeoVegas welcome bonus does not provide a good incentive to open an account, deposit funds and bet on the Cheltenham Festival 2020.
Cheltenham 2020 Offers
The Cheltenham Festival takes place in 2020 in the third week of March. In July 2019 there are only betting markets for the major championship races. It is difficult for bookmakers to offer any concrete ante-post betting or improved terms. LeoVegas have not issued any Cheltenham 2020 offers but we can anticipate the operator will promote these and other offers during the 2020 Cheltenham Festival:
Ante-post betting can be fraught with danger because if a backed horse is withdrawn before the day of the race all stakes are lost. In the lead up to the 2020 Cheltenham Festival bookmakers offer non-runner/no bet if a horse is withdrawn. LeoVegas may offer this concession for the 2020 Cheltenham Festival. Some bookmakers announce NR/NB about one month before the Cheltenham Festival and others follow suit as the meeting gets closer. The concession is initially announced for the major championship races but is extended to all 28 races as the Festival approaches. Leo Vegas could offer NR/NB early in 2020.
Best Odds Guaranteed (BOG)
LeoVegas could be following other bookmakers by offering Best Odds Guaranteed during the Cheltenham Festival 2020. The promise means bets will be settled at the best odds available when the Starting Price varies from the board price. Some bookmakers offer this guarantee on the night before a race and others only introduce it once the betting markets have settled down on the day of the race.
LeoVegas settle Cheltenham Festival bets in line with industry standards. The place terms depend on the number of runners and type of race. The most common terms are one fifth the odds for three places but for some major handicaps this restriction does not seem fair. Bookmakers offer five or six places for a race in which four places is the standard. LeoVegas can promote the sportsbook by offering extra places on some of the major races at the next Cheltenham Festival. This concession for specific races provides a good incentive to open an account and bet with LeoVegas during Cheltenham.
Bookmakers offer enhanced odds for championship races at the Cheltenham Festival and LeoVegas may follow suit. For example, a favourite might be offered at 50/1 for a limited period of time. Customers can take advantage of this offer for a small stake. LeoVegas settle bets at the normal price and any returns from the price boost are credited in the form of free bets.
LeoVegas may enhance the return from a winning Cheltenham Festival acca, depending on the number of selections in the bet. The profit boost is based on the number of legs in the accumulator, usually from 10 to 100% and for multiples with four to 16 selections. Leo Vegas could introduce this promotion for the four days of the 2020 Cheltenham Festival in line with some competitors.
How To Bet on Cheltenham Festival 2020 with LeoVegas
Customers must open an account with LeoVegas to place bets on the 2020 Cheltenham Festival. The registration process involves creating a unique Username and Password. New players can opt-in to the welcome bonus and make an initial deposit. Once the deposit has been confirmed new customers can place bets on football, many other sports and horse racing. The first mobile bet activates a profit boost and this could be on the Cheltenham Festival. LeoVegas already offer some ante-post betting for the major championship races at the next meeting.
Once a horse has been selected customers enter the stake on the Bet Slip and confirm the bet. As more selections are added there is a wider choice of bets, including multiples and system bets. Big priced multiples combining horses in a number of races are popular during the Cheltenham Festival. System bets involve a number of selections in permutations. Cheltenham combination bets provide the potential for a big win for a small stake. Best Odds Guaranteed and non-runner/no bet enhance betting on the Cheltenham Festival 2020 with LeoVegas.
The LeoVegas app cannot be found any the Google Store because betting relaxed apps are nor permitted. However, the mobile version for Android users is available from the website. Security settings must be set to ‘Unknown Sources’ and the download file is available. Once the app has been installed customers can place bets on the Cheltenham Festival 2020. There is a downloadable app for iOS devices. Once this has been installed customers with LeoVegas using an iPhone or iPad have access to a full range of Cheltenham markets. The app is fully functional which means mobile users can claim the welcome bonus and enjoy ongoing promotions for existing customers. The package of offers available to mobile users includes promotions that are specific to the Cheltenham Festival 2020.
Leo Vegas is a traditional online bookmaker so customers have access to the following betting services and features:
‘Sports’ is the third option on the Leo Vegas Homepage main menu after Casino and Live Casino. These products existed before Leo Vegas launched a sportsbook. The main sports page has a browse facility which allows players to select a sport, league or match. The three popular sports covered below appear independently and there is an A-Z list of all the betting sports of which there are about 40.
The Top Football events are also displayed on the sports page. Customers have access to the current and upcoming live events which can be added to a personalised list of Favourites. In addition to the regular betting sports customers can also place wagers on Chess, Esports, Politics and TV & Novelty. Betting is available in pre-match, live and ante-post markets across the full range of sports.
At the time of writing customers with Leo Vegas could place live bets over several sports, including football and tennis. There is no live streaming but live bettors can view a visual representation of the position of the ball and match data which is updated during the event. Betting with Leo Vegas is suspended after a significant incident such as a goal in football or break of serve in tennis.
Cash out betting is available for selected sports and markets. This option could be taken during the Cheltenham Festival 2020 if a selection in a multiple over a number of days wins the relevant race. It is more often applied during live events to guarantee a profit or limit the loss regardless of the final outcome. The cash out value depends on the original stake unit and odds and latest odds at the time of the cash out request.
The range of markets for the three most popular betting sports with Leo Vegas are described below:
Football is the most popular betting sport with Leo Vegas and the most bet on competitions are the Premier League in England and the Champions League. Leo Vegas displays the Home Win, Draw, Away Win market but there is no to additional markets. Customers must enter the match to gain access to the related betting options which are displayed under a number of headings including match result, handicaps and totals. Bet Builder allows customers to create their own accumulator from match events which are not usually combined in a multiple bet. Leo Vegas also offers ante-post betting on the major leagues and competitions across all the sports.
Tennis appears in the independent menu of the most popular betting sports with football and horse racing to illustrate the growth in betting. There are more live tennis bets than pre-match bets for a typical match. The most popular betting options are the match winner, handicaps and totals. Cash out betting is available for live tennis matches. Customers can place bets on matches in the ATP and WTA tours and some minor ones. Ante-post betting has been published for the outright winner of upcoming Grand Slams, including the next Australian Open in January, two months before the Cheltenham Festival 2020.
Horse racing is the third most prominent sport with LeoVegas and a major part of the betting turnover is on the Cheltenham Festival 2020. Customers can place bets on meetings in the UK and Ireland, races at the major international meetings and some of the most important overseas fixtures. The biggest meeting for bets and turnover is the Cheltenham Festival and LeoVegas are already offering ante-post betting on the four major championship races from Tuesday to Friday. As the meeting approaches customers with Leo Vegas will be able to select their favourite race for betting.