Optibet Sportsbook Overview

Optibet is a prominent Latvian sportsbook that has been up and running since 1999. The company's website showcases a betting line to clinch sports wagers, along with online slots from leading developers, table and card games, an exclusive poker room, unique video draws, and mini-games.

The bookie entices punters with swift payouts and a welcome bonus in the form of a risk-free bet up to €20.

Registration at the sportsbook is open to players from the CIS region, Baltic states, Scandinavia, and Western Europe. Since 2022, the bookmaker has stopped opening accounts for users from Nigeria.

"Optibet" kicked-off in Riga, establishing five betting shops in 1999. Two years later, the bookmaker advanced into the digital world, launching an official website to facilitate online wagering. In 2004, Optibet moved from brick-and-mortar to fully online operation by closing down its terrestrial clubs. Originally restricted exclusively to the Latvian market, 2007 marked a major strategic expansion for the company. It secured licenses to operate in neighbouring Estonia and Lithuania. The geographical reach amplified further in 2012, setting its sights on Sweden and Finland, rapidly growing the customer base. 2015 witnessed even further expansion, with the bookmaker welcoming users from Ukraine, Belarus, Nigeria, Poland, and Romania.

2012 saw an exciting addition to the website – online casino games. A major development in 2016 was introducing a proprietary poker room, further broadening the product offering. In 2020, Optibet demonstrated its adaptiveness and resilience by reintroducing offline betting. As of 2024, the company operates over 30 gaming clubs in Latvia and Estonia, solidifying its strong physical presence.

The official Optibet website is translated into three languages: Latvian, Nigerian, and English.

For real-money gaming at the betting shop, users undergo registration by filling out a short questionnaire. The bookmaker asks for an email address and a password to access the account. Latvian users register with the betting shop using automatic identification with an ID-SMART number. Once registered, players gain access to balance replenishment, betting, and gambling for real money. To make payment withdrawal requests, identification is required. To confirm their identity, the betting shop customers upload photos of their passport, foreign passport, or ID card in their account. Document verification takes no more than 48 hours. The bookmaker reserves the right to request video link verification or photographs of other documents at any time. Registration with the betting shop is only available to adults. To register at the Optibet betting shop, click [here](/go/optibet/wiki-rating/).

"The 'Optibet' line showcases over 20 different sports. Optibet primarily focuses on football, hockey, basketball, volleyball, tennis, and esports."

In setting up the 'Optibet' line, European face-offs, international championships, and Estonian, Lithuanian, and Latvian tournaments are considered.

The line also includes events from Asia, Africa, Latin America, and the US.

For most sporting face-offs, it is possible to place a bet up to €5000. The minimum coupon cost at Opti bet is €1.

Live

In the LIVE mode, the bookmaker doesn't accept bets on unpopular matches and significantly reduces the quality of the listing. The line for in-play betting mainly consists of table tennis and esports competitions, enabling players to bet almost clockwise.

The bookmaker's unique feature is many events for sporting simulators: esports football, basketball, and hockey.

Football

The football betting selection includes betting options on European national championships, UEFA international tournaments, and local Baltic country tournaments. The quality of the listing depends on the chosen match's popularity. The bookmaker offers up to 500 betting markets for top-tier European league events. Optibet clients choose from basic markets, combined positions, statistical indicators, and individual player scoring in the listing.

Matches from the Lithuanian, Latvian, and Estonian championships are accompanied by high-quality live broadcasts by the bookmaker.

Hockey

The hockey line primarily consists of NHL match-ups and significant European tournaments. The bookmaker ignores local championships and women's competitions.

About 200 markets are available for bets, including positions for betting on periods.

Basketball

The basketball line includes NBA games, EuroCup match-ups, second-basketball league face-offs, international championships, and youth tournaments. The company's special feature includes semi-professional 3x3 format matches in the line.

The pre-match listing includes 100-200 betting markets, providing positions for betting on individual quarters and halves scoring.

Volleyball

The bookmaker usually accepts bets on significant matchups within the top European championships and club tournaments.

The pre-match listing is often limited to markets on outcomes, spreads and totals. In LIVE mode, the bookmaker enriches the market assortment with positions for betting on individual sets' scoring.

Esports

The esports betting line in Optibet is highlighted in a separate 'E-Sport' section.

More than 10 esports disciplines are represented in the line. The bookmaker accepts bets on video games like Dota 2, Counter-Strike, Valorant, Rainbow 6, Unreal Tournament, and League of Legends. FIFA and NBA2K games are available for betting round the clock.

In the 'Virtual Sport' section, punters can place bets on simulated motor races, dog races, and horse races.

Tennis

The company only accepts bets on selected qualifying matches of ATP and WTA tournaments. The bookmaker compensates for the limited amount of tennis face-offs with numerous table tennis events.

The majority of matches in both table tennis and classic tennis are represented in real-time mode.

The pre-match listing for tennis matches includes up to 50 betting markets.

Boxing

The boxing betting line covers significant boxing fights in Europe and the US. The bookmaker considers fights within the scope of international boxing federations and ignores national championships. During the Olympic Games, punters can find extra positions for betting on Olympic contests.

Mixed Martial Arts (MMA)

In the line for MMA betting, only title fights under the aegis of renowned promotions are represented.

The pre-match listing is limited to positions for betting on the fight outcomes.

Optibet does not accept bets on POP-MMA.

The average commission for the pre-match primary markets is 6%, surging to 8% in LIVE gaming. For matches involving virtual simulators and emulators of various sports disciplines, the commission remains at a fixed rate of 10%.

Optibet does not boast a mobile betting app. To pay via phone, users are advised to utilize the mobile version of their website. Upon visiting the Optibet resource from a phone or tablet, users are automatically directed to their mobile site. In terms of capabilities, Optibet Mobile stands on equal footing with the full version of the site; it allows users to manage their gaming accounts, place bets, and indulge in gambling games. The mobile resource efficiently caters to the characteristics of devices with smaller screen sizes.

Opening an account in Optibet can only be done in euros. When depositing in other currencies, the system performs an automatic conversion.

For depositing and withdrawing funds, players use the payment systems popular in the Baltic and Scandinavian countries. The bookmaker determines the assortment of payment systems available for carrying out financial operations based on the user's location.

Convenience of topping up your account

You can top-up your account balance at Optibet using the EU bank cards, electronic wallets such as Web Money and ETL, and from accounts in payment systems such as Skrill, Neteller and ecoPayz. Customers from Sweden prefer to top-up their accounts using the online service SWEDBANK or the payment system Revolute. The minimum deposit size stands at €10. Payments are instantly credited to your account with no commission charged by Optibet.

Convenience in withdrawing funds

At Optibet, you can withdraw your winnings to your bank cards, or the balance in payment systems like Revolute, ETL and PaySave. The minimum payout sum stands at €20.

The bookmaker Optibet processes requests for fund withdrawal within 72 hours. Users have commented that payouts are credited to their bank cards on the same day the request is made. The bookmaker only retains a commission fee for the withdrawal of winnings in cases where the player did not utilize the resources from the deposit in full. The commission fee can reach up to 10% of the payout amount.

The betting shop is run by the LLC "OPTIBET", registered under number 40003462947. The company's legal address is 2b Satekles Street, Origo One Business Center, Riga, LV-1050, Office 504, 5th Floor.

Following enforcing mandatory licensing law in Latvia in 2005, the betting platform secured a license.

In addition, the bookmaker has procured licenses from regulatory bodies in Estonia and Lithuania.

For users from Europe, the company accepts wagers based on a license granted by the international regulator of Malta.

OPTIBET LTD holds a license from the Latvian Lottery and Gambling Supervision Inspection No TI-01 dated May 23, 2008.

The customer service desk is open from 8:00 to 20:00 local time. For communication, players can access the email [email protected], a toll-free helpline for clients from Latvia +356 27 76 1839, and the live chat on the official website.

Characteristics of Optibet:

• poker, online games, bookmaker's line, video draws, dealer games;
• an extensive line for betting on esports, virtual simulations of sports disciplines;
• absence of applications;
• fast payouts - the average time for processing a request to receive a win does not exceed 24 hours;
• lack of 24/7 technical support;
• the ability to play gambling games without registration for virtual money;
• generous bonus policy.

Users express a high level of trust towards Optibet. The players point out the company's merits, such as fast payouts, simplified identification, and an extensive range of games.

As per the clients' opinion, a downside of the bookmaker is the not-so-great odds and the absence of many live broadcasts.

On the official website of the bookmaker, there are no details provided about the existence of any rewards or prizes.

In 2024, the bookmaker is offering customers more than 30 promotions.

New users can access a welcome bonus for sports betting of €175 for the first deposit. The company regularly offers free bets and bonus options to increase the betting odds.

For fans of gambling or the poker room, there are individual bonus offers in the form of rakebacks or free spins.

Active users within the “Cashback” promotion get up to 15% of the funds lost over the week.