Elbet is a Serbian gaming software developer specializing in virtual sports. It was founded in Belgrade, operating out of the city’s Savski Venac municipality.
It initially began as a company that focused on land-based solutions for the gambling sector but has since moved into the interactive sphere as well. Its product line still includes physical equipment, but it also covers lottery, casino, and sports betting solutions.
Elbet is not a name that many online gamblers will recognize, but it is a sphere entity that has been growing substantially over the past four years and has partnered with more than two hundred and fifty operators around the globe, licensed in multiple jurisdictions, and working with famed European and South American gambling companies.
We are only familiar with Elbet’s Fast Balls, Rocketman, and Fast Coin, concerning this company’s additions to the provably fair-style genre, and none of these have provably fair mechanics. So, we assume this is not a major focus of this studio.
Elbet operates under different licenses in multiple jurisdictions. Some of the organizations and government bodies that have vetted it and approved its games are – The Romanian National Gambling Office, Ministry of Finance Gaming Authority (Serbia), Estonian Tax and Customs Board, Kansspelautoriteit (Netherlands), Spillemyndigheden’s Certification Programme (Denmark), Directorate General for the Regulation of Gambling (DGOJ – Spain), State Gambling Commission (Bulgaria), Ministry of Finance (North Macedonia), Malta Gaming Authority, Agenzia delle Dogane e dei Monopoli (Italy), Lotteries and Gambling Supervisory Inspection (Latvia), EZU – Elektrotechnický zkušební ústav (Czech), National Regulator for Compulsory Specifications (South Africa), Critical Gaming Supply Licence, Ministarstvo Financija – Porezna Уprava (Croatia), and the Republic of Srpska Ministry of Finance.
Elbet’s bread and butter are its virtual sports products, its dog and horse racing simulators. Nonetheless, this Serbian developer also has slots, roulette games, lottery ones, and what it calls fast products, which are straightforward, provably fair-type options.
Elbet’s games are not known for their immersive visual quality. They usually rely on simple cartoony illustrations but have smooth and quick gameplay. Their virtual sports products feature actual video footage of races and boast user-friendly interfaces. Thus, fans of that category may find those appealing.
In our eyes, the key feature of Elbet’s products is that they have customizable options for operators, and their virtual sports titles mimic real-world betting pretty well.
Outside of this, we can add the in-game promo features from Elbet’s catalog which give away free bets and promotional credits. Choices like Rocketman – one of the more interesting crash games we’ve seen – fall into that category.
Not counting this developer’s standout virtual sports series, the games it has created that have gotten the most traction in the interactive gaming arena worldwide seem to be:
The RTPs of Elbet’s games can vary widely, as we have seen them as low as 89% and as high as 97.5%. Their variance/volatility is adjustable.
Elbet has no live dealer offerings.
Many of this company’s creations include progressive jackpot options. Fast Balls and Rocketman have progressive systems, where 1% of each stake contributes to a jackpot fund, which operates across three levels: GrandPot (medium prize), FastPot (low prize, frequent wins), and a top-level jackpot. These jackpots use mystery or must-hit-by mechanics.
Elbet collaborates with leading online casinos in multiple countries, most of these are ones readers will have never heard of, because they are ones operating only in distinct nations, and are platforms that do not accept cryptos. That said, Elbet has integrated its products at hubs globally through partnerships with platforms like EveryMatrix and other aggregation services. It has also worked with Games Global and notable European land-based players like Senator and Winner.
From what we know, Elbet hasn’t explicitly integrated any special blockchain technology into its offerings, but it accepts cryptocurrencies.
In the Balkans, Elbet has garnered positive reviews and is one of the top product suppliers in this part of the Old Continent. It is also present in many African markets, where it is known as a reliable gaming solution supplier with an immersive virtual sports catalog.
We do not know much about the security tech Elbet implements, but we assume it is the standard encryption and data protection protocols other studios utilize to safeguard player data.
We have tested Rocketman, Fast Balls, and Fast Coin on our two Android phones, and they work perfectly fine. That is what we expected, given their simple nature. We assume all of Elbet’s games have been optimized for mobile devices, ensuring seamless experiences across iOS and Android smartphones.
While Elbet has not won any significant industry awards, to our knowledge, at least, we do know that it has gotten nominated for various awards over the years at shows like the EGR B2B Awards, SiGMA Europe Awards, and the Baltic and Scandinavian Gaming Awards. Our research showed that this company received an Excellence honor in 2020 at the Entertainment Arena Expo in Bucharest, Romania.
Elbet continually enhances its offerings, sometimes quite dramatically so. The company entered the online gambling arena in 2020, and it has since branched off into different genres to please this evolving market. We expect it to expand on its provably fair-style ventures and make more of these, as they have done well for Elbet.
Founded in 2002 in Belgrade, Serbia, Elbet is a land-based and online solutions supplier in the gambling industry, renowned for its portfolio of virtual sports games with UltraHD 4K videos that many fans of this genre have called super immersive. These creations have easy API integration, extensive bonusing features, and simple UXs. With over two decades worth of experience, Elbet has been present at virtually all the top sector expos in recent years; they have offices in Ireland and Malta, outside of their Belgrade home base, and employ people from all over the globe who work remotely with its management. It works with entities from many ex-YU countries and African ones, and its products are available in top online gambling territories like Denmark, Italy, the Netherlands, and so on.
As explained, Elbet specializes in virtual sports but also explores other game genres. Its competitors are similarly positioned studios that prioritize virtual sports, and here we give you three that do just that:
Golden Race: If you are a fan of virtual sports, then you have surely heard of Golden Race, a leader in this sector. In fact, they may be the most recognized provider of virtuals worldwide due to their highly realistic games. Founded in 2006, this company has been a massive virtual sports trailblazer, with products that have life-like animations, dynamic odds, and customizable betting markets for operators. The latter makes them flexible solutions and highly desirable ones, which is why Golden Race has a strong foothold in Europe.
BetConstruct Virtual Sports: BetConstruct is a famous industry entity. It is a global award-winning technology and service provider known for its robust lineup of customizable games. The company makes titles that can get rebranded from market to market, allowing for tailored solutions. It has a global reach and has more than a few virtual sports options, which also target operators who want versatility paired with high quality. Both BetConstruct, which is an Armenian company, and Elbet provide customizable features and advanced RNG systems, competing for the same portion of the global online gambling market.
Kiron Interactive: Here is another virtual sports juggernaut, one established in 2001. Thus, Kiron Interactive has long been a leading innovator in virtual sports. Yet, the company also provides a broader range of products, including lottery-style games. Kiron has a particularly strong presence in Africa, Asia, and Eastern Europe, and it too emphasizes realistic graphics. Nonetheless, their creations have gotten sector traction chiefly because they integrate seamlessly into operator platforms. They also are highly dynamic and immersive. Platinum Hounds and Dashing Derby are this provider’s top virtual sports picks, and their titles, Spin and Win, IGoal Instant Football, and Lucky Loot, also enjoy a decent degree of popularity.
If you are into virtual sports, then yes. Elbet creations from this category have high-quality videos, are mobile-friendly, and supply operator-customizable solutions. This provider’s simple games and lottery ones are good, but are nothing out of the ordinary, and we expect to see it explore the slotverse more deeply next. For now, this is a primarily virtual sports supplier backed by reliable technology. That said, we do like the jackpot and free bet features Elbet’s games like Rocketman, and Fast Balls offer.