Royal Panda was launched in 2018. It operates under the LeoVegas Gaming group. It was licensed by the Malta Gaming Authority.
We found Royal Panda to be an amazing site to play at. The promotions may not seem like much, but after a few days, the small bonuses started to build up.
In our review of Royal Panda, we will cover each of the main aspects that make it such a good option. We will explore what kind of bets you can place and the odds you can expect. Then we will check out the bonuses and what kind of overall experience you’re going to get.
By the end, you will be ready to decide if to start playing at Royal Panda or not.
Pros & Cons of Royal Panda (Our Experience)
- Odds are accurate and rewarding
- Shows how many people wagered on each event
- Malta Gaming Authority License
- Huge number of casino games
- Lots of promotions and bonuses
- Support is relatively slow
- Some sports have few betting markets
Which Markets does Royal Panda cover?
Royal Panda offers about 60 different betting markets across over 31 different types of sports. That said, we are actually counting similar markets for different games here. The actual number of markets for each sport is a little more limited. It ranges from 1 to 15 for each sport.
Some sports, like Football, have a lot of markets. This game is extremely popular in India, so a lot of people bet on different aspects of it. Meanwhile, sports like Table Tennis are not as popular, so they will have only 1-2 markets.
The biggest markets are Football, Basketball and Ice Hockey. Each of these sports has over 10 different types of bets. They also have thousands of upcoming events listed with odds. Since Indians enjoy sports, having such a variety of sports is a good thing.
While it offers a lot of markets for the sports mentioned above, there are some markets it is missing. For instance, there are only 4 markets for Cricket. That is very disappointing, as Indians love Cricket more than any other sport.
For most games, punters can bet on the following. Regardless of what sport you are betting on, the types of bets are:
The 1×2 betting market is the most popular one at Royal Panda. After all, it is the simplest type of sports bet there is. Most of the sports offer this market.
For example, in Cricket Betting there are ‘Most 4s’ and ‘Most 6s’ markets. Here, punters can choose which of the two teams will win the wager. Or they can wager on a draw.
Over / Under
The Over / Under bet is less common at Royal Panda. In this bet, punters simply choose if the total score or goals will be over or under a value. Most of the popular sports like Football and Basketball have this bet.
Combination bets are a natural must-have at any sportsbook. A combination bet basically combines several individual bets together. In order to win the combination, every single individual wager must be correct.
In short, it’s a high-risk high-reward option for Indian punters.
A system bet is similar to a combination bet. You can wager on a combo of individual bets. However, in a system bet you can also win even if every single bet is not correct. How?
Well, in a system, bet, each of the bets are combined in different ways like pairs or trios. It is possible to win the bet from 2/3 correct predictions.
- Deposit bonus with every single deposit
- Flexible display for wagering odds
- Huge range of upcoming sports events
Live / In Play Betting
Live, or In-Play Betting is very popular among Indian punters. We live busy lives nowadays, so it’s not always feasible to do a ton of research and pick pre-match bets in advance. That’s why live betting has been growing in popularity.
Live Bets are wagers that you place during the match. Because of this, it is a lot more volatile and riskier. During the match, anything can happen. The betting odds can also swing wildly, so it is hard to predict.
That said, there are lots of advantages to live betting as well. One benefit is that it is a lot more exciting and dynamic. Normally, with a typical pre-match bet, you can’t actually do anything during the game. There’s no way for you to change the outcome of your wagers.
But in a live bet, you can make new wagers as the game state changes. If you make a bad wager at the start of a game, you can cover the loss with a couple of good wagers towards the end.
Live Betting is a big part of Royal Panda. Live matches are supported for nearly every sport. You can also browse through live matches that are upcoming in up to 24 hours.
There are a lot of markets for live betting here. Let’s take Football as an example. Any live football game will have Next Goal, Total Goals per team, Total Goals odd / even, Correct Score and Full-Time bets.
If you want to keep track of the live match, then Royal Panda is the perfect site. The page for each match will show the current position of the ball and the team strategy on the right. This display is in real time.
Events so far, like goal attempts, penalties, yellow cards, etc are shown right below it. Punters can actually get more information this way than if you were watching the match live. Unfortunately, there is no live streaming feature at Royal Panda.
Overall, Royal Panda has a lot of in-play betting markets. It is a good option for any Indian punter who wants the dynamic action of live betting.
Offers / Bonus / Promotions at Royal Panda
Every online casino or sportsbook offers bonuses and promotional events. Royal Panda isn’t left behind in this case either.
Royal Panda has a small but generous range of bonuses for sportsbook players. The welcome bonus gives out the equivalent of €50. This is a pretty valuable bonus for an Indian punter. To get this bonus, a player just has to make an account at Royal Panda.
After making a deposit of €20 equivalent or more, if they wager on an event, 50% of that wager will be given as a bonus free bet. This free bet can be used on any other event.
The main condition is that the qualifying bet must have odds of 1.80 or higher. Punters have to take a little risk to win this, rather than betting on a safe event.
After the welcome bonus, there are more rewards to come. Indian punters will be glad to know that they can get a bonus on every single deposit! This is a really unique and spectacular bonus offer.
When a player makes a deposit, a 5% bonus deposit will be added to that amount as a bonus. Suppose you deposit ₹100. 5% extra will be added, so there is actually ₹105 in the account.
The bonus has a wagering requirement of 3x, so you will have to wager ₹15 in order to fully claim the bonus.
These two are sportsbook bonuses. There are some more bonuses for casino players, such as a different welcome bonus, tournaments and some special events.
While the variety of bonuses is a little limited, Royal Panda’s bonuses are still a good choice for Indian punters. Rather than big, one-off rewards, Royal Panda gives out a constant stream of small rewards.
Odds at Royal Panda
The odds display at Royal Panda is very flexible. The format of the display can be changed between Decimal, Fractional and American.
We expect most Indian punters will leave it at Decimal since that is what they are used to. Those who are used to a different system can change it as needed.
At other sportsbooks where you cannot change odds, punters who are not used to it will feel uncomfortable. Hence, flexibility is one of the big advantages of Royal Panda.
Decimal Odds are simple to understand. To calculate your winnings, just multiply your stake amount by the odds value. If a match has odds of 1.20, wagering ₹100 and winning will give you ₹120 – a profit of ₹20.
Fractional odds are slightly different. For the same match, the fractional odd will be 1/5. That means the profit will be 1/5 of your original bet, which is ₹20.
American Odds can be a bit more confusing. They only display the profit for wagering 100. For example, in American Odds, the value of -500. That means the profit will be ₹100 divided by 500 (which is ₹20).
If it shows +500, then the profit will be equal to the odds value (which would be ₹600).
Since Royal Panda gives you the flexibility to choose their odds format, Indian punters will probably stick to Decimal. There is no need to risk an unfamiliar odds format.
Unfortunately, there aren’t any odds-related bonuses. The odds are in line with what most other operators offer, as well. The flexibility is the main advantage here.