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

The bookmaker Olimp Bet RF — is a subsidiary of a Kazakhstani organizer of sports betting, known in the region as a leader and architect of the entertainment industry. The affiliated company has been legally operating 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 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 the odds, and the overall convenience of the service. We will be aided by impartiality, healthy skepticism, and, of course, reviews from real clients. 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 document 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 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 Olimp Bet is building a reputation as a solid bookmaker brand with a recognizable face in Russia. For example, the operator has repeatedly won 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 for broadcasting 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 task 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 VTB United 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 Hardcore Fighting Championship, 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, 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 non-payments and verification manipulations.

However, note that this does not make it a titan of betting and a mastodon of predictions! Whether this bookmaker is a leader in its field 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 Olimp Bet. Aesthetically, it looks better than its Kazakhstani "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 is perceived as friendlier and more modern.

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

1. 1. The header is dedicated to authorization buttons, personalization settings for displaying information, and the main navigation menu for key sections of the web portal. However, the Russian BK Olimp offers 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”. 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 tournaments. 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 account 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 remains quite ordinary for any legal bookmaker. It contains general corporate, regulatory, and legal information about the company, news, and contact details. Partners are also listed here, 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 the 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 clear even for novice bettors. All main sections — betting line, live, promotions, results — are in plain sight and easily accessible. Overall, the implementation of the project and its usability deserves praise, although the design is clearly not innovative.

Olimp.bet App and Mobile Version

In 2021, Olimp won a prestigious award from the Bookmaker Ratings 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.

Olimp Bet can be downloaded for 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 website Olimp.bet, including its optimized mobile version.

Account Registration and Verification

Becoming a full-fledged client of a licensed bookmaker means gaining access to a world of exciting bets and thrills. It opens the door to a vast selection of sports 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, while with one — you are in the center of the game and excitement!

To open an account in the Olimp Bet ecosystem, simply follow this instruction:

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 Olimp Bet, click the "I have a promo code" input area.
4. Confirm that you are over 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 Olimp Bet under your profile to top up your account and start placing bets on sports, cultural, and social events. However, to cash out funds without hindrance, you still need to navigate the bureaucracy.

Since the bookmaker under review serves clients legally within the legal framework of the Russian Federation, verification is a mandatory procedure here. To 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, 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, a single payment is allowed to transfer up to:

● 60,000 rubles — for bank cards;

● 15,000 rubles — Qiwi wallet;

● 15,000 rubles — YuMoney.

To eliminate all limits, you need to undergo full identity verification online through 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 ₽, at the latter — 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 offerings of BK Olimp Bet look commendable. Clients are given the opportunity to bet on an astonishing 95 sports, so enthusiasts of exotic betting 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 is filled with events at the level of international bookmakers that occupy the top spots in bookmaker ratings.

The service features 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 offerings is satisfactory — in some disciplines, there are noticeable delays compared to Russian competitors, while in others, Olimp surpasses them significantly. It can be said that parity is maintained.

However, while examining 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 hold their ground, low-rated matches show decent offerings, and the bookmaker's commission rarely exceeds 7-9%.

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

Payment Methods

The Olimp Bet 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 Top-Up

Registered and verified clients of Olimp Bet can deposit funds 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 are used for cashing out the balance as for depositing, except for SMS payments. The minimum withdrawal amount in BK Olimp is 100 rubles. The maximum depends on the chosen withdrawal method and the type of verification completed.

Players can submit withdrawal requests using the main website, its simplified mobile version, and the downloadable app for smartphones. The regulated waiting time for funds to arrive is not specified, but judging by reviews, waiting longer than 24 hours is not common.

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 in 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 in a year, the player is not subject to income tax.

In general cases, the PIT rate is 13%.

Promotions and Bonuses of Olimp Bet

Olimp BK has one of the most diverse and dynamic bonus campaigns. To attract new clients 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 platform, as they change periodically.

As of February 2024, the bonuses of Olimp Bet are presented in 7 different categories, each of which offers 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 a live online chat directly on the site, as well as contact details for feedback: email — [email protected] and a hotline number — 8 (800) 234-87-44. Based on reviews, the company's support does not operate perfectly, showing a tendency for long response times. To avoid this, it is recommended to reach out via chat, where the waiting time for assistance does not exceed 15 minutes.

FAQ

● What is the minimum and maximum bet in Olimp Bet?

○ 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 for download is available 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. Prematch Line — 5.
6. Support Service — 5.
7. Odds — 4.9.