LeoVegas cycling betting: markets, each-way terms and the £30 offer

LeoVegas offers cycling betting; the races it prices at a given time and the each-way terms show in its cycling section and on the bet slip, so look at both before you bet. Terms are set per race and commonly run to a quarter or a fifth of the odds.

Say a rider is 14/1, an implied 6.7 per cent, and you bet £5 each-way at a fifth: £10 in total. A place without the win settles at 14/5, so £19 comes back on the place half. The each-way calculator shows the same sum for any price.

The UK licence is UK Gambling Commission account 39198 (LeoVegas Gaming PLC), listed on the register as Active. It covers the complaints route, the rules on promotions and GamStop in the same way as for the older names listed here.

As at any licensed online bookmaker since 7 May 2019, LeoVegas must verify your age before the first deposit and your name, address and date of birth before the first bet. The welcome offer also runs on a clock from sign-up, so finish the checks early.

A finished check matters at the other end too: the regulator has said that delaying a withdrawal because ID was never verified may breach the licence condition.

The offer is Bet £10, Get £30 In Free Bets. You deposit £10 or more within seven days and place a sports bet; three £10 free bets follow, valid for 7 days, stakes not returned. The minimum odds reported elsewhere are 1/1, from a comparison site, not from LeoVegas itself, so confirm them on the promotion page.

The exclusions are virtual sports, esports and horse racing. Cycling is not on that list, so on the terms as written a bet on a race could carry the qualifying stake; the terms on the day are still the final word.

Say the qualifying £10 bet at evens wins: £20 comes back. Say one of the three free bets wins at 7/2: £35 is paid, the profit only. Betting stays paid entertainment, with the bookmaker's margin in every price; three free bets take a little of that cost away for a week.

LeoVegas states a withdrawal time of 1–3 days from approval. Its cashier includes Trustly and TrueLayer, which move money straight from a bank account, as well as cards, PayPal and phone wallets. Credit cards cannot be used, a ban in force since 14 April 2020.

Trustly and TrueLayer are open-banking payments: you approve them in your own banking app, and no card number is typed in.

Licensed bookmakers have to state how customer balances are protected: not protected, medium protection or high protection. LeoVegas gives its level in its terms.

LeoVegas has apps for iOS · Android.

Deposit limits, time-outs and self-exclusion sit in the account settings. Sign up to GamStop and you are shut out of all licensed British betting sites for six months, a year or five years, your choice. For a conversation with someone, call the National Gambling Helpline 0808 8020 133.

LeoVegas suits a reader who wants an offer that does not exclude cycling, and who likes paying from a bank account through Trustly or TrueLayer. A reader who wants long-published cycling rules may prefer an older bookmaker whose terms can be read in full.