Velobet Terms and Conditions Explained
These terms, last updated on 07/03/2025, set the age limit at 18 and govern every deposit, bonus and withdrawal made with us. Weekly withdrawals are capped at £7,500, and deposit bonus winnings are capped at 10x the triggering deposit.
Terms and Conditions at Velobet
Our terms and conditions, last updated on 07/03/2025, are binding in English and apply to every account opened with Online Casino Velobet. The governing law is that of Curaçao, and any dispute must be brought before a competent court there. Registration is open only to players aged 18 and over, and this age limit is confirmed during verification before any withdrawal is released.
Opening an account takes three fields: an email address, a username that cannot be changed afterwards, and a password of at least 8 characters with one capital letter and one alphanumeric character. Crypto deposits can be made right after sign-up, while other payment methods require the profile to be completed first with full name, date of birth, mobile number, country, city and address; sign-in details can be managed afterwards through account login.
Prohibited Conduct and Account Closure
Third-party payments are not accepted, and shared wallets or accounts between players result in closure of the account plus a 20% settlement fee on the balance, as detailed under closing an account. Accounts linked to a politically exposed person may be closed with a 20% administration fee on any returned deposits. Players registering from Aruba, Bonaire, Curaçao, Lithuania, the Netherlands, Georgia, Saba, St Maarten, the USA and its dependencies, or an FATF-blacklisted country cannot open an account, and accounts from Russia and Belarus are closed with the balance retained.
Bonus Clauses and Withdrawal Caps
Every promotion described on our casino bonus page carries its own withdrawal ceiling, set out in the terms and conditions alongside the general payment limits.
| Bonus type | Maximum withdrawal |
|---|---|
| Deposit bonus winnings | 10x the deposit that activated the bonus |
| Cashback | 5x the cashback amount |
| Free money (no wagering) | 5x the amount credited |
| No-deposit or free spins winnings | £/$100 |
| Free bet winnings | 15x the free bet amount |
Only one of each bonus is granted per person, IP address, device, family, address, phone number, card, payment account and email, and a bonus that expires or is cancelled removes both the bonus and any winnings it generated.
Verification, Refunds and Responsible Play
Verification requires the name, email and date of birth on file, a valid ID or passport, and proof of residence no older than 3 months; documents must be in the Latin or Cyrillic alphabet, otherwise video verification is required. Checks are usually completed within 48 hours, and records are kept for 10 years.
No refund is issued once funds have been played, and any refund request must be made within 14 days, or within 30 days if the account was accessed by someone else; identification must follow within 5 days and an administration fee of up to 20% may apply. The same processing timelines sit alongside the methods listed on our deposits page.
For responsible play we offer account limits, a time-out arranged through support that reopens automatically once the period ends, and self-exclusion from 6 months to 5 years by email, with 6 months applied by default. Players can also reach Gamblers Anonymous, GamCare or Gambling Therapy, and parental control software such as Net Nanny, CyberPatrol or CYBERsitter can restrict access from a shared device.
Terms and Conditions Questions
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What is the minimum age to open an account at Velobet?
You must be at least 18 years old to register with us, and this age is confirmed during verification before any withdrawal is processed. Accounts found to belong to underage players are closed in line with our terms and conditions.
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What governing law applies to the Velobet terms and conditions?
Our terms and conditions, binding in English and last updated on 07/03/2025, are governed by the law of Curaçao. Any claim against us must be brought before a competent court in Curaçao.
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What documents do I need to verify my Velobet account?
We ask for the name, email and date of birth on file, plus a valid ID or passport and proof of residence no older than 3 months. Verification is usually completed within 48 hours, and the alphabet must be Latin or Cyrillic or video verification is required.
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Can I share my account or wallet with another player?
No, shared wallets or accounts between players lead to closure of the account together with a 20% settlement fee on the balance. Third-party payments into or out of an account are not accepted under any circumstances.
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What happens if a bonus expires before I finish the wagering requirement?
An expired or cancelled bonus is removed from the account along with any winnings it generated. Only one of each bonus is allowed per person, IP address, device, household and email, so expired bonuses cannot be reclaimed.
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How much can I withdraw from a deposit bonus?
Winnings from a deposit bonus can be withdrawn up to 10 times the deposit that activated it. Cashback is capped at 5 times the cashback amount, and no-deposit or free spins winnings are capped at £/$100.
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Which countries are restricted from registering at Velobet?
We do not accept registrations from Aruba, Bonaire, Curaçao, Lithuania, the Netherlands, Georgia, Saba, St Maarten, the USA and its dependencies, or any FATF-blacklisted country. Accounts opened from Russia or Belarus are closed with the balance retained, and Georgian accounts are refunded minus 20%.
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How long does a Velobet withdrawal take once my account is verified?
All withdrawals, including bank transfer, are processed within 3 banking days once verification is complete. Weekly withdrawals are capped at £/$7,500 and monthly withdrawals at £/$15,000, with wins over £15,000 paid in monthly instalments of up to £15,000.
7 min read · Updated Oct 9, 2026