OlyBet Bookmaker Summary and Review
OlyBet, which previously operated as Olympic-Online, is an Estonian licensed online gambling website owned by Olympic Casino Esti Ltd. Casinos. Established in 2010, they are an established and respected online gaming website offering a variety of game types to players including a casino, sportsbook and poker room. OlyBet is most known as an online sportsbook but also features a full selection of casino games and poker room on the Microgaming network. Despite being based in Estonia, OlyBet has website translation for English, Finnish, Lithuanian and Russian (and support available in English and Russian).
Players who register through the OlyBet poker room can receive up to 30% rakeback from the VIP Program and a poker sign-up bonus up to €500. OlyBet players can also receive deposit bonuses of €300 in the OlyBet casino and a €25 “First Bet” bonus in the OlyBet sports book.
OlyBet is available in nearly 200 countries. However, players located in the following countries are not eligible to sign-up for and play real money games at OlyBet: Bulgaria, France, Hong Kong, Israel, Italy, Netherlands, Philippines, Poland, South Africa, Spain, Turkey, United States, Vietnam
OlyBet offers introductory and ongoing bonuses with each of their main game types – poker, sports book and casino.
OlyBet Casino Bonus
When depositing in the casino for the first time, OlyBet will double your money up to €300 with a minimum deposit of €10 is required to take advantage of this bonus. Poker players and those playing in the sports book or poker room are not eligible to participate in this bonus (other bonuses are available for the sports book and poker room). The OlyBet casino bonus will be deposited into your real money account once 50 times the casino bonus has been wagered within 30 days.
After completing the sign-up bonus, be sure to also check out OlyBet’s Crazy Wednesday with 1000 free spins every week.
OlyBet Sportsbook Bonus
OlyBet sports bettors can take advantage of a bonus of a €25 First Bet Bonus on a first deposit to the Olybet bookmaker. The Olybet bonus must be activated through an opt-in via the “Active Campaigns” page in your account. After depositing and activating the bonus, you must place a single €25 bet with odds 1.8 or higher.
To withdraw this bonus, you must wager the bonus 6x the bonus amount within 30 days on bets where the odds are equal or greater than 1.6. Contact support for status on your bonus progress. Note that if you are depositing with Skrill, you will not be eligible for this bonus.
OlyBet Poker Bonus
New OlyBet poker players can receive a new sign-up bonus of €500 when playing in the poker room. Any size deposit is ok to get the bonus – players just need to make a deposit and start playing. The bonus is released as real money in increments as Loyalty Points are accumulated.
The first €10 is released in €1 increments for each 187.5 Loyalty Points that have been earned. The next €90 is released in €5 increments for every 934.5 Loyalty Points. The last phase of the bonus – €400 – is released in €10 increments for every 1869 Loyalty Points.
Loyalty Points are earned at a rate of 37-48 for each €1 in rake that has been earned, with the rate dependent upon the VIP level that has earned. All unreleased bonus will expire 60 days from the time the bonus has been added to a players account.
OlyBet Poker Rakeback
In addition to earning an initial sign-up bonus, poker players that continue to play at OlyBet can receive OlyBet rakeback up to 30% through the VIP program. The more points, you earn during the month, the higher the VIP status level that you will qualify for.
Once you earn your VIP status level, OlyBet will generously allow you to keep your VIP status level by only requiring you to earn 50% half the normal number of points. Make sure to keep playing – those players that don’t meet the criteria will have their VIP level downgraded after a period of 30 days and have to climb the VIP status ladder again.
Frequent players will also be able to earn more points when reaching the higher levels.
OlyBet Quarterly Bonuses
As you move up in VIP levels, you will also be able to qualify for larger quarterly bonuses, which can be redeemed at a rate of up to an additional 10% in Olybet rakeback. bonuses start at 30 and move up to 300 for the highest VIP levels. For additional details on quarterly bonuses and the OlyBet VIP program, see below.
|OlyBet Poker VIP Levels|
|Points Needed||0||1,000||3,000||10,000||40,000||Team Elite|
|Points needed to Maintain||0||500||1,500||5,000||20,000||Team Elite|
|Extra value %||0%||12.50%||15%||20%||25%||25%|
|Points earned for $1 raked||30||33.8||34.5||36||37.5||37.5|
|Quarterly Bonus awarded||€ 30||€ 50||€ 100||€ 200||€ 300||€ 300|
|Quarterly Bonus Increments||€ 3||€ 5||€ 10||€ 20||€ 30||€ 30|
|Quarterly Bonus Rake Needed to Release||€ 25||€ 50||€ 100||€ 200||€ 300||€ 300|
OlyBet uses the Microgaming software and platform for its online poker room. Microgaming, which is an established online poker network, is home of many top online poker sites making it one of the top 15 online poker networks in the world.
Cash games offered on OlyBet include popular favorites such as Texas Hold’em, Omaha and Stud (and their variations). The OlyBet poker room also offers more obscure games including Razz, 5 Card Stud and 5 Card Draw. Popular on OlyBet are Bad Beat Progressive jackpot tables and Blaze cash games.
Progressive Bad Beat Jackpot tables, which often feature jackpots in the tens of thousands of dollars, are available at €0.10/€0.20 and above. To qualify for a Bad Beat Jackpot at these tables, a player must lose with Quad Fours or higher and both the winning and losing hands use both hole cards. An extra bad beat rake is taken to fund the jackpot. Players can monitor the size of the Bad Beat Jackpot from the OlyBet Poker lobby.
Blaze Poker is OlyBet’s fast-faced cash game tables, which move a player immediately to a new table — against new opponents — once their hand has been folded. These tables minimize the downtime in poker and allow a player to play many more hands per hour.
Tournament players can find almost any type of tournament at OlyBet including guaranteed tournaments, freerolls, satellites — including to live events — and a large selection of Sit N Go tournaments.
OlyBet Sports Book
The featured offering of the OlyBet website is the OlyBet Sports book, where players can bet on up to 60 different games including popular favorites such as football, American football, basketball, cricket, boxing and rugby. More obscure offerings include betting on beach volleyball, table tennis and speed skating. In addition to sport betting events, the OlyBet bookmaker also offers betting lines on special events in the areas of chess, entertainment, novelties, and politics. If you want to bet on it, chances are you will be able to find what you want at OlyBet.
Live betting is also offered on many major sports via the LiveBet tab on the OlyBet website.
To find the action you are looking for on the OlyBet sportsbook, you can sort from the navigation on the left-hand side of the webpage, search for your favorite team or filter the action within a certain time frame. You can also “favorite” your preferred sports for easier access later.
Like the poker room, the OlyBet Casino is supported using the Playtech software, one of the largest and most reliable providers of online casino software in the world. They also have casino software from Microgaming, NetEnt and “best picks” from Rabcat Leander as well as a select group of smaller providers.
There is no download required for play in the OlyBet Casino. The software is available for play instantly via an internet browser. OlyBet Mobile games can be accessed from the OlyBet Casino, where a selection of games such as blackjack, scratch games, slots, roulette and video poker action is available.
Join the OlyBet Casino games here. No Bonus Code required for €300 first deposit bonus
The regular OlyBet casino offers a huge selection of over 300 casino games, many of which are a diverse selection of slots, each nicely sorted in the casino section by line payouts. Table games feature at OlyBet include many of the games you would expect (blackjack, roulette, pai gow, craps) as well as some games you may not have heard of (sic-bo, extravaganza). Multiple variations of roulette and blackjack are offered among the selection of games. Playtech games are listed under the “Casino” tab of the Olybet Casino website.
If video poker is more your thing, you will be able to make a choice from over a dozen games including Tens or Better, Deuces Wild, or the MegaJacks progressive game. OlyBet even offers over 25 arcade games including some interesting Iron Man and Pink Panther games.
A featured Marvel Jackpot is available on Marvel-branded games through OlyBet and frequently offers reaches into the hundreds of thousands of dollars. Smaller progressive jackpots are also offered for Desert Treasure and Pink Panther.
Separate from the regular casino is the OlyBet live casino with live dealers available at roulette and blackjack common draw. A selection of nearly a dozen tables will be available with minimum bets starting at €1 up to €1,000 for the Higher Roller tables. Players can also access additional casino action from the “Games” tab from the OlyBet website, which includes a selection of Playtech’s “best picks” along with non-Playtech games.
OlyBet Payment Processing
Payment options are available in Skrill and Neteller, Visa, Mastercard as well as direct bank transfers for Estonian customers from Swedbank, Seb, Danske Bank, LHVpank, and Kredridipank. A Fast Bank Transfer option is supported overWorldpay and allows you to deposit from your bank from many countries. A minimum deposit of €10 is required Although the default currency is in euro, players can also have their accounts in the Estonian Krooni, US dollars and Latvian Lati.
After signing up at OlyBet, you must verify your account before you are allowed to deposit or withdraw funds. To begin this process you can upload a picture of valid identification or you may contact customer support for alternative forms of verification.
OlyBet can be reached at support@OlyBet.com or via an online chat each day from 08:00-02:00 GMT +3:00). Support is available in English, Russian, Estonian and Latvian. Customer support is available 24/7.