Review of the bookmaker Olimp Bet: trust rating and honesty assessment

The bookmaker Olimp Bet RF — is a subsidiary of the Kazakh organizer of sports betting, known in the region as a leader and architect of the entertainment industry. The affiliated company has been operating legally in Russia since 2012, while the holding itself was established back in the early 2000s. Legally, these structures are not connected in any way. They are regulated by the legal norms of different jurisdictions in their domain zones and are even managed by separate states of appointed CEOs, programmers, marketers, and analysts. Therefore, it is doubly interesting for us to check the technological capabilities of the platform, the level of customer service, and the quality of local products.

Let’s see what the Russian bookmaker Olimp Bet has to offer by evaluating the breadth of its line, the content of its betting options, the size of its odds, and the convenience of its service overall. We will rely on impartiality, healthy skepticism, and, of course, the reviews of real customers. Make yourself comfortable, as we have prepared not just a review, but a real detective investigation. So brew some tea and put on your Sherlock Holmes cap!

License and Reliability

In accordance with the established legislation and regulations aimed at regulating the activities of bookmakers in the territory of the Russian Federation, LLC "BK Olimp" is officially licensed. The corresponding permit was issued by the Federal Tax Service of the Russian Federation under number №Л027-00108-77/00395492. This is a perpetual license, valid from December 25, 2012. The betting company is also a member of the ERAI and the Unified TSUPIS, which indicates its commitment to ensuring high standards of honesty and transparency in the field of interactive betting, i.e., online betting.

There are also other unambiguous signs that OlimpBet is building a reputation as a solid bookmaker brand with a recognizable face in Russia. For example, the operator has repeatedly won awards at the RB Awards in prestigious nominations, including:

● "Best Bookmaker According to Runet";

● "Best Customer Service";

● "Most Reliable Bookmaker";

● "Best Sponsorship Activation" — for the partnership contract to broadcast the English Premier League, which became record-breaking in terms of the deal amount.

Moreover, the organization enthusiastically finances a platform to support national sports and domestic athletes. As corporate representatives of the company state, its goal is not just to accept bets in comfortable and safe conditions, but to ignite the hearts of fans and those they cheer for. Therefore, as of the beginning of 2024, the bookmaker sponsors the Unified VTB League, VHL, HC "Amur", "Fakel", "KAMAZ", "Dynamo", and "Spartak". The Olimp Bet brand acts as the title partner of the Youth Hockey League, the Handball Federation of Russia, the Championship of Hardcore Fights, the Wrestling Federation, and many other associations.

With such a background, there are no objective reasons to doubt the reliability of Olimp Bet. With many years of successful operation behind it, popular ambassadors, and direct obligations to the state licensor, the bookmaker will certainly not disappear from the radar, taking your hard-earned money with it. It cannot afford to descend into disgraceful stories of unpaid winnings and verification manipulations.

However, note that this does not yet make it a titan of betting and a mastodon of predictions! Whether this bookmaker is a leader in its industry or a mid-tier player will become clear by the end of this material.

Official Website

Visual appeal, ease of navigation, and an intuitive structure — this is how one can briefly characterize the official website of OlimpBet. Aesthetically, it looks better than its Kazakh "namesake". The version for the Russian market has received a fresher design with smooth lines and a bright color palette. The corporate style is still recognizable, but due to the rounded shapes, it has become perceived as friendlier and more modern.

As for the functional component, it has not undergone significant changes:

1. 1. The header is reserved for authorization buttons, personalization settings for displaying information, and the main navigation menu for key sections of the web portal. However, the Russian BK Olimp has more customization options — you can separately adjust the appearance of the official website, the conditions for accepting bets with modified odds/totals/handicaps, as well as the parameters of the amount wagered through the cart.
   2. The left sidebar is traditionally occupied by a list of available events for prediction, divided into "Live" and "Line". A quick search for competitions/leagues/tournaments/championships by request is supported. There is a Favorites section and Top Matches for quick access to the most interesting and important championships. Game cards are supplemented with statistics of opponents and the history of their confrontations, which somewhat simplifies the analysis of prospects and the choice of optimal betting strategies. Live broadcasts are available, but only registered users with a positive balance can watch them.
   3. The right sidebar contains a help block with answers to the most frequently asked questions from bettors, a banner with current bonuses, a cart, which is also a coupon for placing bets, and a history section where active and settled bets of the player can be viewed.

The footer of the Olimp Bet website, which is quite ordinary for any legal bookmaker, has been left without attention. The footer contains general corporate, regulatory, and legal information about the company, news, and contacts. Here, partners are listed, and the license is indicated, along with links to download the mobile application for Android and iPhone. Nothing superfluous, but at the same time, all necessary information for the user is at hand, without overloading the interface and distracting from betting.

In summary, navigation on the bookmaker's website is simple and understandable even for novice bettors. All main sections — betting line, live, promotions, results — are in sight and easily accessible. Overall, the implementation of the project and its usability deserve praise, although the design is clearly not innovative.

Olimp.bet App and Mobile Version

In 2021, Olimp won a prestigious award from the Bookmaker Rating for the best mobile application on the market. Since then, three years have passed, but the Russian operator still maintains leadership in this sector, applying a strategy that would make even Zeus put down his lightning bolts and pick up a smartphone.

The downloadable BK client is indeed extremely practical, and most importantly — it has the same set of options as the desktop version of the main site. Among the advantages of the mobile app, one can note:

● Special bonus upon registration;

● Traffic savings;

● Instant payouts;

● Free video broadcasts;

● 24/7 support.

OlimpBet is available for download on Android phones and tablets with OS version 5.0 or higher. For "Apple" devices, the application is compatible with iOS 7.0 and later versions of the operating system on iPhone, iPad, and iPod touch.

The download can be done for free from online stores such as App Store, RuStore, Samsung Galaxy Store, etc. The APK file is also distributed directly on the official Olimp.bet website, including its optimized mobile version.

Registration and Account Verification

Becoming a full-fledged client of a licensed bookmaker means gaining access to a world of exciting bets and thrills. It opens up access to a vast selection of sporting events and top odds for betting, as well as guarantees unique bonuses and promotions. Without an account in the online BK, you remain in the stands, but with one — you are in the center of the game and excitement!

To open an account in the Olimp Bet ecosystem, simply follow these instructions:

1. On the official website or in the app, click the "Registration" button.
2. Fill out the pop-up form, providing your phone number, date of birth, and email, as well as creating a secure password.
3. If you have a bonus code for free bets or other privileges from OlimpBet, click the "I have a promo code" field.
4. Confirm that you are at least 18 years old and agree to the rules of LLC "BK Olimp" by checking the box.
5. Click "Continue", then complete the account creation by following the link in the email sent to the provided email address. Also, upon first authorization, a one-time SMS code will be sent, which needs to be entered in the special field.

That's it. You can log in to OlimpBet under your profile to top up your account and start placing bets on sports, cultural, and social events. However, for hassle-free withdrawal of funds, you still need to navigate the bureaucracy.

Since the reviewed bookmaker operates legally within the legal framework of the Russian Federation, verification is a mandatory procedure here. To significantly simplify identification, when registering with the BK, you need to provide the same number that is linked to the TSUPIS account. Personal data will be pulled directly to the gaming account, and you will be able to immediately deposit money into your balance, start placing bets, and withdraw winnings.

Please note that in the Olimp bookmaker, verification is presented in two forms: simplified and full. They differ in the allowable amount of a single withdrawal request, as well as the monthly limit on financial transactions between the player and the BK. The verification through TSUPIS and scans of identity documents allows unlocking the simplified account level with restrictions. With such an account, one payment is allowed to transfer up to:

● 60,000 rubles — for bank cards;

● 15,000 rubles — Qiwi wallet;

● 15,000 rubles — YuMoney.

To cancel all limits, complete the full identity verification online via Tinkoff ID or offline by visiting partner offices. In the latter case, you will need to present your passport at one of the Euroset or Contact salons. The service fee at the former is 300 ₽, while at the latter it is 150 ₽.

Betting Options and Odds of the Bookmaker

Even against the backdrop of the largest online betting operators, the veterans of the Russian betting market and its undisputed leaders, the offering of BK OlimpBet looks respectable. Clients can place bets on an astounding 95 types of sports, so enthusiasts of exotic sports will not be bored. Football, tennis, basketball, hockey, esports, boxing, MMA, and volleyball are traditionally covered most widely, encompassing both TOP matches and less popular leagues from lower and even amateur divisions. On average, from 250 to 1000 markets are offered for them. During peak seasons, the line fills with events at the level of international bookmakers that occupy the top spots in the rankings.

The service stands out with a rich selection of betting options not only on big markets but also on game statistics, including scores, red cards, corners, penalties, shootouts, aces, half comparisons, etc. Overall, the breadth of the betting options is satisfactory — in some disciplines, there are noticeable gaps compared to Russian competitors, while in others, Olimp surpasses them by far. It can be said that parity is maintained.

However, while studying the bookmaker's odds, we made a pleasant discovery — the pre-match quotes are above the market average. This is due to a low margin of 3-5%. The live odds are standard — the giants are in place, low-rated matches show, the betting options are decent, and the bookmaker's commission rarely exceeds 7-9%.

For those wishing to re-bet, there is a Cash Out option. Tickets are issued in the format of singles, accumulators, and systems. There are no special features for VIP clients.

Payment Methods

The OlimpBet bookmaker is integrated with many popular financial transaction services in Russia. Their list is periodically supplemented with new payment gateways and acquirers, but the basic payment options remain unchanged.

Account Funding

Registered and verified clients of Olimp Bet can make deposits using the following methods:

● Bank cards — VISA, Mastercard, MIR, SBP.

● E-wallets — Qiwi, TSUPIS, etc.

● NFC contactless payment services — Mir Pay, Tinkoff Pay, SberPay.

● Mobile commerce — MTS, Tele2, Beeline, Megafon.

The minimum deposit is 100 rubles. There is no commission on the deposit amount. Funds are credited to the gaming account instantly.

Withdrawal of Funds

The same financial instruments that are used for making deposits apply to withdrawals, except for SMS payments. The minimum withdrawal amount at BK Olimp is 100 rubles. The maximum depends on the chosen withdrawal method and the verification option completed.

To submit withdrawal requests, players can use the main website, its simplified mobile version, and the downloadable app for smartphones. The regulated waiting time for the arrival of funds is not specified, but judging by reviews, it is usually less than 24 hours.

Taxation of Winnings

The Olimp bookmaker does not withhold any commissions from winnings, but there is personal income tax (PIT), which works as follows:

● If a bettor wins less than 15,000 rubles in a year, they will be required to pay the tax themselves;

● If a user earns more than 15,000 rubles in a year at the BK, the company takes on the obligation to pay the money to the Federal Tax Service;

● If the income from bets does not exceed 4,000 rubles per year, the player is not subject to income tax.

In general cases, the PIT rate is 13%.

OlimpBet Promotions and Bonuses

BK Olimp has one of the most diverse and dynamic bonus campaigns. To attract new customers and retain existing ones, free bets for first deposits, bet insurance, and increased cashback are regularly credited. Details of the programs and participation conditions should be checked directly on the bookmaker's site, as they are periodically changed.

As of February 2024, the OlimpBet bonuses are presented in 7 different categories, each of which features exclusive rewards.

Contacting the Bookmaker's Support Service

You can contact the support consultants of BK Olimp through their Telegram channel and VK community. There is also a live online chat on the website, as well as contact information for feedback: email — [email protected] and a hotline phone number — 8 (800) 234-87-44. Based on reviews, the company's support does not work perfectly, showing a tendency for long response times. To avoid this, it is recommended to use the chat, where the waiting time for assistance does not exceed 15 minutes.

FAQ

● What is the minimum and maximum bet at OlimpBet?

○ The minimum bet size is limited to 10 rubles. The upper limit depends on the specific event.

● How to download Olimp for free?

○ The bookmaker's application is available for download on the official website, as well as in online stores such as App Store, RuStore, Xiaomi Market, Samsung Galaxy Store, etc.

● Where can I read real reviews about the Olimp bookmaker?

○ For this purpose, visit thematic forums, gaming communities on social networks, as well as verified rating aggregators like ours.

TEXT CHECK FOR UNIQUENESS: 97.53%

Ratings

1. Reliability — 5.
2. Bonuses and Promotions — 5.
3. Payment Convenience — 5.
4. Live Line — 4.
5. Pre-Match Line — 5.
6. Support Service — 5.
7. Odds — 4.9.