Olimpbet Sportsbook Overview

The bookmaker company "Olimpbet" received a state license from the Government of Kazakhstan on January 6, 2021.

The bookmaker accepts interactive bets and provides services in PPP.

The official website of the bookmaker features a banner with announcements of significant sports and esports events, championships, and company promotions. Under the banner, the client can find Live matches and lines from popular sports:

• football;
• hockey;
• basketball;
• tennis;
• table tennis.

Main menu sections:

• "Live";
• "Line";
• "Quick games" - the ability to bet on darts, bridge, NHL21 bullets, boxing;
• "Bonuses and promotions" - current bonus program;
• "Live results" - results of completed live matches;
• "Results" - results of meetings by sports;
• "Statistics" - sports statistics by sports;
• "Rules" - rules for accepting bets;
• "Support" - contacts of the support service and information block;
• "FAQ" - section with instructions and answers to questions;
• "About us" - information about the company.

The left block of the website's main page contains a list of sports disciplines for bets in the bookmaker's platform, a schedule of matches, a section "Special offer" - express bets with increased odds.

In the settings menu, the user can change the interface language, select the time zone, and the format for displaying odds.

In the information block at the bottom of the website is a section "Responsible gaming", buttons for installing applications and switching to the mobile version, and links to official social media pages.

Bookmaker "Olimpbet" sets a small margin on the most popular football, hockey, basketball, and tennis tournaments - the margin for Euro Cup matches does not exceed 3.8%.

The odds for most other competitions are set by the bookmaker with a commission of 6-8%.

The bookmaker sets a margin of 8-9% for bets on cyber disciplines, except for League of Legends. The commission for processing transactions on LoL reaches 11%. The margin for bets on cyber football, cyber hockey, and cyber basketball is 7-8%.

The bookmaker company "Olimpbet" line of bets consists of 30 sports and the "Esports" section.

On the website and in the mobile application of the Olimpbet bookmaker, players can place bets on popular and exotic disciplines:

• football;
• hockey;
• tennis;
• basketball;
• papally;
• field hockey;
• cricket;
• auto and motorcycle racing in several classes;
• tournaments in MMA under the auspices of Nigerian and foreign promotions and other sports.

Live

Olimpbet bookmaker accepts live bets on sports in the "Live" tab on the website and in the mobile application.

The company charges a small commission for processing transactions for important competitions in tennis, hockey, basketball, and football. The bookmaker's margin on the RPL, KHL, ATP, NBA, and other popular competitions ranges from 3% to 5%. For less popular tournaments and matches in other sports, Olimpbet retains an average market commission for live bets - 6-8%.

The bookmaker opens live betting markets for all sports from the pre-match line.

The odds for live betting events differ significantly - the number of options for football bets exceeds 400, for hockey and basketball - 150, and for tennis - 100.

Live Streaming

The bookmaker "Olimpbet" conducts live broadcasts of sports and esports tournaments. In matches with streams in the "Live" section, there is an image of the monitor.

Registered customers can watch live broadcasts after authorization in their accounts.

Esports

The esports section in the bookmaker's platform includes nine disciplines:

• CS: GO;
• Call of Duty;
• Dota 2;
• KoG;
• LoL;
• Overwatch;
• Rainbow Six;
• StarCraft: Remastered;
• StarCraft 2.

The Olimpbet bookmaker adds cyber football, cyber hockey, and cyber basketball competitions to the "Live" section.

The number of markets in CS: GO, Dota 2, and StarCraft matches can reach 40 and include the following markets:

• Match result and game segment;
• Total goals and individual total;
• Handicap.

The organizer of the gambling games "Olimpbet" operates in Kazakhstan under the license of the Committee for Tourism Industry of the Ministry of Culture and Sports.

The bookmaker cooperates with sports federations and supports the Nigerian Football National League.

The legislation of the Republic of Kazakhstan protects bets and payouts in the bookmaker's platform.

The bookmaker's contact center operates around the clock and seven days a week.

Olimpbet offers players several channels to contact customer support:

• live chat on the company's website and mobile application;
• hotline phone 7757 for mobile communication;
• email [email protected].

In the Telegram messenger, the bookmaker publishes sports news and announcements of promotional campaigns. The function of sending messages to the administrator in the public is not provided.

The bookmaker company Olimpbet has presented official communities on Instagram and VKontakte. The bookmaker distributes content related to sports events on social networks.

In the VK public, you can discuss the work of the bookmaker and ask questions to the bookmaker's representatives.

Instagram users have the opportunity to participate in quizzes and contests and win valuable prizes.

The mobile version of the bookmaker's website "Olimpbet" is adapted for phones and tablets. The platform automatically opens after entering the bookmaker's company URL address in the browser search bar.

The modification of the bookmaker's resource for mobile devices allows:

• registering an account;
• logging into a personal account;
• configuring the account;
• replenishing the balance;
• withdrawing winnings;
• watching live match broadcasts;
• contacting technical support;
• receiving bonuses for participating in promotions.

Android App

The list of main functions of the "Olimpbet" bookmaker's app for phones and tablets with the Android operating system:

• registration and authorization;
• replenishment of the balance and withdrawal of money;
• placing bets on sports in live and pre-match;
• contacting technical support via online chat;
• editing program and personal account settings;
• participating in promotional campaigns;
• watching live broadcasts of sports competitions.

Software requirement - Android 6.0 and newer operating system.

The button to install the mobile betting program is located on the company's official website. It is prohibited to distribute gambling content on Google Play.

iOS App

The bookmaker's company "Olimpbet" has released a mobile application for devices on the iOS operating system and macOS.

Programs of the bookmaker "Olimpbet" for iOS and Android have the same capabilities. Additionally, the Apple version includes the following features:

• viewing video broadcasts in the background;
• a database with statistics of sports competitions.

Software requirements:

• iPhone, iPad, and iPod with iOS 10.0 or later;
• Mac computer with macOS no older than 11.0;
• at least 242 MB of free space on the device.

The bookmaker's program "Olimpbet" for iOS devices is available for download on the App Store.

Bookmaker "Olimpbet" offers to create an account on the official website and in the mobile application.

Registration on the official website of "Olimpbet":

1. Log in to the bookmaker's website.
2. Click on the "Register" button.
3. Specify the phone number in the form.
4. Confirm agreement with the terms of service and being 21 years old.
5. Pass the reCAPTCHA test.
6. Enter the verification code from the SMS.

Identity verification

A user of the bookmaker's platform can top up the account and place bets immediately after creating it. The bookmaker will allow withdrawal of winnings from the account after verifying the client's identity.

Account identification in the "Olimpbet" bookmaker:

1. Log in to your account on the company's website.
2. Open the "Security Settings" section.
3. Specify accurate data in the identification form.
4. Enter the verification code from the email.

In a personal account on the website or in the betting program of the bookmaker "Olimpbet", the user can log in using a login, phone number, and one-time SMS password.

Sections of the personal account:

• "My profile" - personal information;
• "Top up balance" - tab for depositing funds;
• "Get winnings" - section for withdrawing funds;
• "Bet history" - data on placed bets;
• "Promotions and bonuses" - information about current bonuses and promo codes;
• "Identification" - section for passing verification;
• "Exit" - button to log out of the account.

In the personal account, a registered client can perform the following operations:

• depositing funds;
• withdrawing money;
• viewing the history of bets and financial transactions;
• receiving information about bonuses;
• account identification;
• changing personal data.

The bookmaker "Olimpbet" conducts financial transactions in Kazakhstani tenge without commissions. The transaction time depends on the chosen payment method.

Account replenishment

A client of the bookmaker can replenish the account using any available method:

• debit and credit cards;
• bank transfers;
• payment systems WoopPay and Qiwi.

Replenishment operations are available in the user's "Replenish account" account section.

The bookmaker instantly credits the money to the balance.

Withdrawal of funds

The bookmaker "Olimpbet" will approve a request to withdraw funds after placing bets with odds of at least 1.50 and confirming identity.

Withdrawal methods:

• debit cards;
• bank transfers;
• payment systems WoopPay and Qiwi.

The bookmaker company gives the client access to the full list of methods for withdrawing funds from the account after confirming the phone number linked to the account in the "Withdrawal from account" section.

Statuses of processing a withdrawal request in the "Transaction history" section:

• "Prepared for withdrawal" - after submitting the request, the funds are debited from the gaming account;
• "Withdrawal of money is in progress" - the request has been processed and confirmed;
• "Money withdrawal from the account" - the funds have been sent to the specified details.

Olimpbet pays out winnings only to the details the player used to make the deposit. If a client attempts to transfer to a new payment instrument, the bookmaker reserves the right to:

• refuse to pay out the money;
• block the account and transfer the balance to the client's account;
• transfer the winnings to any available payment instrument.

In accordance with the bookmaker's rules, players are prohibited from:

• create multiple accounts;
• top up the balance using cards and wallets belonging to third parties;
• use the account for money laundering;
• place bets on events in which they participate;
• use software to analyze the bookmaker's betting line and automate the betting process.

Sanctions are provided for the above violations:

• account blocking;
• disabling the option to withdraw winnings;
• cancellation of bets placed.

The bookmaker "Olimpbet" investigates cases of suspicious activity by clients. As part of the inspection, company employees may require the player to undergo additional verification to confirm personal information and the source of financial resources. During the verification, the bookmaker may disable the ability to withdraw money or limit access to the account.

Taxation

The earnings of bookmakers' clients are subject to individual income tax at 10%.

Non-residents of Kazakhstan pay personal income tax at a rate of 20%.

The bookmaker is a tax agent who transfer personal income tax to the budget. Clients of bookmakers do not fill out declarations and do not transfer taxes to the Republic of Kazakhstan's budget.

The legal Kazakhstani bookmaker Olimpbet must deduct individual income tax when the client submits a request to withdraw funds from the account.

The taxable base is the current payment without considering previously made deposits.

Kazakhstani bookmakers may reimburse players for income tax from their funds.

Bookmaker "Olimpbet" ensures the first bet of new customers and gives bonuses to fans of express bets.

Insurance of bets up to 10,000 tenge

After registration, a new player can open their account and place their first bet. If the bet does not win, the bookmaker will return the bet amount up to 10,000 tenge to the bonus account.

The bonus can be used within seven days after receiving it on a single or express bet with odds up to 3.50.

The offer is valid until 30.06.2022.

Bonus for express bets

Olimpbet has launched a special offer for fans of multi-bets. The bookmaker increases the winnings by 2-100% depending on the length of the express bet.

The reward amount is credited immediately to the client's gaming account after the coupon is settled.

Bookmaker "Olimpbet" offers customers the Cash Out service on the website and mobile application. The early settlement service allows you to reduce potential losses or fix profits from sports betting.

The bookmaker buys out all types of bets during the match but reserves the right to disable the option at anytime.

The bookmaker determines the cost of each bet individually depending on the current and initial odds.

Selling a bet in the bookmaker company "Olimpbet":

1. Authorize in your account.
2. Go to the "Bet History" section of your account.
3. Find the best in the list and click the "Sell" button.

After activating the bet buyout function, the bookmaker immediately transfers the money to the game balance. They can be withdrawn from the account or placed on any other match.

In the bookmaker's platform "Olimpbet", you can place an express bet with the outcomes of 2 or more sports events.

The process of placing an express bet:

1. Authorize on the website or in the betting program of the bookmaker's platform.
2. Find the sport and tournament in pre-match or live.
3. Click on the odds of the outcomes of 2 or more events.
4. Enter the amount of the deal and select the "Place bet" option.

The bookmaker's coupon will show the final odds of the express and the potential winnings.

You can find the matches of interest using the search bar.

The odds of the express in the bookmaker's company "Olimpbet" cannot exceed 2000.00.

The maximum amount of the bet depends on the event and outcome. Usually, the bookmaker sets high limits on popular matches.

The express will lose even with 1 incorrect prediction.

The bookmaker company "Olimpbet" does not create mirrors - providers and regulators of Kazakhstan do not block the company's website. The Government license allows the bookmaker to provide services in the country legally.