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BetOlimp Sports Betting Review 2020

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100% bonus up to R3000
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100% bonus up to R3000
T&C APPLY, 18+ ONLY
T&C APPLY, 18+ ONLY

POSITIVE
  • Simple registration
  • Quality odds
  • Vast sportsbook
  • Fantastic mobile app
  • Detailed match statistics
  • High welcome bonus
NEGATIVE
  • Limited customer service hours
  • No live streaming
  • Customer service not 24/7
  • No responsible gambling
  • Simple registration
  • Quality odds
  • Vast sportsbook
  • Fantastic mobile app
  • Detailed match statistics
  • High welcome bonus
  • Limited customer service hours
  • No live streaming
  • Customer service not 24/7
  • No responsible gambling

BetOlimp is one the latest entrants in the South African betting market, having only been launched in 2015. Forming part of the European-based Olimp group, there is a lot of hype surrounding BetOlimp in South Africa. But what exactly does BetOlimp deliver to its South African users? Read on as we explore every aspect of this betting site in this BetOlimp review.

Registration Process


betolimp registration

BetOlimp does a great job of simplifying the registration process on their site with all the required information found on just one page.  To create an account, you will need to enter your name and surname, date of birth, province and address, a +27-telephone number, ID or passport number, email address, and choose an email, password, and four-digit security number. As a final step, you have to confirm that you are at least 18 years old and whether you want to claim a deposit bonus. When creating an account, you are not required to deposit any funds into your account which gives you the opportunity to explore the full features of the site first.

Deposits and Withdrawals Options


When betting with BetOlimp, you can choose from a variety of payment options including VISA, MasterCard, SID (Instant EFT), Bank Transfer (Standard Bank, FNB, or ABSA), i-PAY, or in person via one of the many BetOlimp shops. At the time of writing, there is no information on the BetOlimp’s website regarding minimum or maximum deposits requirements or processing times, however the company does state that it will charge a 5% administrative fee on deposits made using a credit card. When making a withdrawal, you must withdraw a minimum of R50.

Welcome Bonus


100% match up to R3000

BetOlimp’s welcome bonus is a first deposit match bonus where all new customers can get a 100% bonus of up to R3000 on their first deposit. To claim this bonus you will need to deposit R100 or more via SID, Credit/Debit card or 1voucher, and then contact customer support via live chat. This seems like quite an unnecessary step in our opinion especially since it can take up to 24 hours for the bonus to be credited. You will need to claim the bonus within 14 days of opening your account and once the bonus is activated, you will need to use in 7 days or less. The bonus must be used on single line bets with odds of 1.8 or higher and applies to both desktop and mobile players.

Sportsbook Promotions


betolimp money back promotion

At BetOlimp, you can find several exciting money back bonus offers to take advantage of in a wide range of sports including football, golf and rugby.

The EPL Goals Galore promotion is a money back bonus where you can get your stake refunded if 3 or more goals are scored in the match. To benefit from this offer, you will need to place a single pre-match bet with odds of 1.80 or more on Correct Score or Goalscorer markets in an English Premier League match. If you are eligible for this bonus, you must contact Live Chat with your bet slip number within 72 hours of your bet being settled. One you receive the bonus it will be valid for 7 days.

The Six Nations Money Back Special will match your winnings up to R500 if your team is leading at half time but then fails to win the match. Similar to the previous promotion, this offer is valid on pre-match 2020 Six Nations bets on Match winner markets with odds of at least 1.80. To claim the bonus, you will need to contact Live Chat once your bet is settled and you will have 7 days to use your bonus. The minimum stake required to claim this bonus is R50.

The Golf Money Back Special applies to wagers on all pre-tournament markets in the PGA, LPGA, and European Tour tournaments and will give you your money back if your outright winner does not make the cut. To benefit from this offer you will need to bet a minimum of R50 on odds of 1.80 or higher. To claim the bonus, you must send an email to promotions@betolimp.co.za with the name of the promotion.

VIP/Loyalty Programme

At the time of writing there is no VIP or loyalty programme at BetOlimp.

Pre-Match Offer


sportsbook

At the time of writing, players can bet on no less than 30 different sports at BetOlimp. What is important to note however is that the very popular sport of Horse Racing is not available to bet on at BetOlimp. Within each sport is an abundance of different leagues from all around the world choose to from. In the case of soccer for example, you can bet on matches in more than 60 countries – and does figure does not even include international matches! The number of markets and submarkets is equally as impressive with hundreds of different markets to choose from for each fixture. Overall BetOlimp’s sportsbooks ticks a lot of the right boxes.

In order to assess the quality of BetOlimp’s odds, we used the odds overround calculation. This tool measures the probability of each selection in a bet coming true. Whilst naturally this should come to 100%, this figure does not take the bookie’s margins into consideration. For this reason, a figure of 110% or less it widely considered to be acceptable. We looked at three random matches in the English Premier League, South African Premier League and French Ligue 1. The results came to 103.9%, 108.1% and 105.1% which indicates that BetOlimp has got very favourable margins.

For most of the sports offered on the site, BetOlimp provides its players with lots of very detailed match statistics including team news, head to head information, fixtures, league tables, and even over/under betting statistics. Information like this is vital when making the most informed bet possible and we think it is great that BetOlimp have chosen to provide these statistics.

Esports

You can bet on many different leagues in several games at BetOlimp including in Dota2, CS:GO, League of Legends, and Rocket League. Compared to a lot of other betting sites who only offer one or two outright markets to bet on, BetOlimp actually provides several different esports betting markets including exact score and betting on the outcome of different maps.

Other Specials

At the time of writing, BetOlimp does not offer any specials betting markets.

Live Offer


betolimp in-play

When it comes to the live offering, at BetOlimp you can bet in-play on a wide variety of markets in lots of different matches across many different sports. We have to say, however, that we are not too impressed with the live betting interface at BetOlimp. There is no live streaming option and whilst there is a live animated updates section on few select matches, we found it to be a bit lagging which is not ideal when live betting. Crucially, there is also no cash out option when betting on OlimpBet.

On the site, there is a live score tab which shows the scores of some live sports matches, however we noticed that some of the matches which were shown here, were not even able to be wagered on at BetOlimp.

Security


BetOlimp is licensed and regulated the Western Cape Gambling and Racing Board and is bound by the rules and regulations of the National Gambling Board and the Financial Intelligence Centre Act for added security. BetOlimp makes it clear that information on bets placed by customers are kept confidential and that they have employed a Data Protection Officer to assist in this. There is a very detailed Privacy Policy on the website which explains how player data is collected and used by the company. Unfortunately, there does not seem to be any information regarding Responsible Gambling at BetOlimp which is a shame given how much importance this subject is being given in the industry around the world.

Service and Customer Support


You can contact the BetOlimp customer service team through a number of different channels. These include a live chat function on the site, through telephone, through WhatsaApp messaging, and via email. The live chat, telephone, and Whatsapp services are available from 7am-1am, 7 days a week. The email service is available 7 days a week and the company aims to respond to all emails within 24 hours. If you prefer speaking to a representative in person, you can visit one of the many BetOlimp branches situated around Cape Town. When we contacted the company through the live chat, the customer service agent answered relatively quickly and was polite, friendly, and gave detailed information.

Design and Usability


match statistics

BetOlimp’s design is very simple and clean. The red and yellow colour scheme looks great but making the sportsbook a dull grey colour is a very questionable choice. In terms of the usability, everything on the site is easy to find with all the tabs, promotions, and banners laid out nicely. The betting process from start to finish is very straightforward. As previously mentioned, the statistics section on the site is very comprehensive and helpful. The site also has a Betting Previews blog section, but this has not been updated since 2017 and the articles are now very outdated.

Mobile


betolimp mobile app

BetOlimp has a mobile app which is available to download for free on both Apple and Android devices. The app has a great layout and is very responsive to the touch. The app has all the features available on the desktop site but with other exclusive features such as Force Touch Autobets which allow you to place a bet in 3 seconds, the ability to set notifications about upcoming matches, and very quick logins using Touch-ID. All these are perfect for making fast in-play bets while on the go. Overall, we are very impressed with the level of quality which BetOlimp has put into its mobile app. If you do not own an Apple or Android smartphone however, do not worry as all of BetOlimp’s services have been optimised for mobile on their dedicated mobile site. This site also works very well and provides a great mobile betting experience.

Other Products


bet games lucky numbers

Although the betting site is primarily focused on sports, BetOlimp also offers Lucky Numbers lotto betting as well as a series Betgames. Lucky Numbers lets you bet on UK, Irish, New York, German, Spanish, Canadian, and Greek lotteries where you can choose from many different markets including if the first ball will be odd or even, which balls will not be drawn, the total value of the main six balls, the bonus ball colour, and many more.

On the Betgames area of the site you can bet on a series of live-streamed game including Wheel, Lucky 7, Lucky 6, Lucky 5, Dice Duel. At the time of writing there no promotions or offers on the Lucky Numbers or Betgames products.

Summary


Overall, BetOlimp is a good betting site, but there are many areas where the site could be improved. If you are looking for a many betting options, with quality odds, where you can bet on mobile and take advantage of some great sportsbook offers, then BetOlimp might be the place for you. That being said however, the in-play betting experience left us a bit disappointed, as did a lot of the outdated (or lack of) information that is found on the website. Having no responsible gambling section, no cashout, no live streaming, and no 24/7 customer service are also very big issues. The sportsbook offers also have a lot fine print which could make withdrawing your winnings somewhat challenging. If BetOlimp can improve on these aspects, then the future will surely be bright for this betting site.

Hello, I’m Adam! I’m a massive Arsenal F.C fan and sports lover in general. When not bitterly disappointed by the results of my team, I enjoy writing, eating, and planning holidays I’ll never be able to afford.

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