BetOlimp has been in the game since 2015, steadily building its reputation in the betting world. The platform welcomes users with a 100% First deposit bonus up to R3000 bonus and is especially known for its great odds. With more than 30 sports to bet on, there’s plenty of choice for everyone. But while there’s a lot going for it, there are some drawbacks. There’s no BetOlimp app, so sports betting on the go can be a challenge. Also, live streaming isn’t available, and features like Cash Out, Bet Builder, and Bet Boosts are missing. Plus, they don’t offer bets on horse or greyhound racing. Despite these points, if you’re after good odds and variety in sports, BetOlimp, with its years of experience, is worth considering.
BetOlimp Pros & Cons
- Generous Welcome bonus
- Great odds
- Over 30 sports
- Many deposit methods
- Statistics, Live Score, Betting Previews
- No mobile apps
- No live streaming
- No Cash Out, Bet Builder or Bet Boosts
- No greyhound and horse racing
BetOlimp: Editorial rating
BetOlimp Welcome Bonus & Offers
100% First deposit bonus up to R3000
BetOlimp Security
OLIMP (Pty) Ltd, which trades as BetOlimp, holds a registration number of 2007/024997/07 and is fully licensed and regulated by the Western Cape Gambling & Racing Board. This means that when you’re placing a bet on BetOlimp, you’re doing so on a platform that adheres to stringent standards set out not only by the Western Cape Gambling & Racing Board but also the National Gambling Board and the Financial Intelligence Centre Act.
However, it’s essential to approach gambling with caution and awareness. Betting always carries risks, including the potential loss of money. BetOlimp strongly advises its users to gamble responsibly. It’s imperative to remember that no one under 18 is allowed to place bets. And for those who might find themselves struggling with gambling, BetOlimp offers assistance. If you or someone you know needs guidance, the National Responsible Gambling Programme offers a toll-free counselling line at 0800 006 008. Additionally, support is available through WhatsApp or SMS at 076 675 0710.
BetOlimp Sports Betting Markets
More than 30 sports are available at BetOlimp, including soccer (football), tennis, basketball, cricket, and rugby. There are betting on politics, music and entertainment available as well.
Football. BetOlimp offers football betting in over 80 countries, as well as international events like Champions League, Conference League, EURO 2024, Friendlies, and etc. South Africans have access to the Premier League and the 1st Division. For top matches, there are more than 800 betting markets available. The markets include Main ones, Halves betting, Asian Totals and Asian Handicaps, First Goal and Victory and many other options.
Tennis. Among the tennis tournaments BetOlimp offers Grand Slams, ATP, WTA, Challengers, and ITF events. US Open matches feature 90+ pre-match betting options, including Main bets, Exact Score, Handicap, Additional Total, Individual Number of Winning Games, Bets by Sets and others.
Basketball. Currently, basketball fans can place a bet on tournaments in the USA, Brazil, Vietnam, and international events. Top games offer around 200 betting markets. There are Main bets, different Totals and Handicaps, Quarters, and Halves betting and some combinations.
BetOlimp Payment Methods
South Africans can make deposits and withdrawals on BetOlimp using several methods. The following deposit methods are available: Credit card, Bank Transfer, SID Instant EFT, Ozow, 1 Voucher, Peach Payment, Betting Shop. Withdrawals can only be made via Bank Transfer and Betting Shop.
How to Make a Deposit on BetOlimp
The following steps will guide you through the process of making a deposit at BetOlimp in South Africa:
- On the top of the page, click ‘Deposit’.
- Select your preferred deposit method.
- Specify your deposit amount and click ‘Continue’.
- Tap on Confirm Deposit.
- Enter your payment details after being redirected. Follow the instructions on the screen to complete the transaction.
- You will automatically receive your funds in your BetOlimp account.
Note: Do not deposit via cheque as no cheque payments are accepted.
| Payment method | Deposit time | Minimum Deposit, R | Maximum Deposit, R |
|---|---|---|---|
| Credit card | Instant | 10 | 1 000 000 |
| Bank Transfer | Up to 2-3 working days | 50 | 1 000 000 |
| SID Instant EFT | Instant | 10 | 1 000 000 |
| Ozow | Instant | 10 | 100 000 |
| 1 Voucher | Instant | 1 | 1 000 000 |
| Peach Payment | Instant | 10 | 1 000 000 |
How to Withdraw from BetOlimp
To withdraw money from BetOlimp, follow these steps:
- Click on the button with your balance
- Select “Withdraw”.
- Pick your preferred withdrawal method: Bank Transfer or Betting Shop
- In case of Bank Transfer, add a new bank account, by entering Bank Name, Account Name, Account Number and Branch.
- In case of Betting Shop, select the betting shop from the list available.
- Enter the Withdrawal amount and your Password.
- Confirm your withdrawal.
Within 1-2 business days after preparing money for withdrawal, you should be able to withdraw it. Cash withdrawals must be collected within 10 days, otherwise they will be refunded. You can cancel your withdrawal request by selecting it from the list of operations and clicking “Cancel”.
EFT requests will only be processed during normal business hours and can only be made to a South African bank account held in your name.
| Payment method | Withdrawal time | Minimum Withdrawal, R | Maximum Withdrawal, R |
|---|---|---|---|
| Bank Transfer | Up 1-2 business days | 50 | 1 000 000 |
| Betting Shop | Up 1-2 business days | 10 | 1 000 000 |
BetOlimp Odds
We reviewed BetOlimp’s margins on several major sports at different levels. This bookmaker offers some of the best odds compared to other South African bookmakers. Top football margins are around 3% for both Winner and Over/Under markets, which is very good. NBA ones are at about 4% and 5%, respectively, which is also a top score. Tennis To Win and Totals margins are a bit higher at 5-6% level, while rugby, cricket and tier-2 football ones are around 6 to 7% for the 1×2 market.
Let’s calculate Betolimp’s margin for the Spanish La Liga match between RC Celta de Vigo and Real Madrid on August 25, 2023. With the 1×2 formula: Margin = (1 – (Odds1 * Odds2 * Odds3) / ((Odds2 * Odds3) + (Odds1 * Odds3) + (Odds1 * Odds2))) * 100%—we get the result of 3.26%. The Over/Under margin here will be 3.26%.
BetOlimp Live Betting & Live Streaming
BetOlimp in South Africa offers live betting for a wide range of sports. From popular ones like soccer, tennis, and basketball to others such as Esports, volleyball, snooker, and badminton, there’s a lot to choose from. If you’re looking to bet on a live game, this platform might have what you’re searching for.
To help bettors make decisions, BetOlimp provides live scores, live statistics and a timeline that shows what’s happening in the game. It’s a convenient way to stay updated on the events you’re betting on.
However, BetOlimp doesn’t offer live streaming. So, if you want to watch the game during live betting, you’ll need to find another way to view it. There are only graphical representations of events available.
BetOlimp Mobile App
Playabets has a mobile app for Android devices. Users of iOS mobile devices can access the bookmaker via mobile site.
Conclusion
BetOlimp is a bookmaker that gets the basics right but finds it tough to stand out in a competitive market. The sportsbook has great strengths, including high odds, a wide range of sports, and plenty of deposit options. Football fans will love the extensive markets and low margins for top events.
However, the need for a mobile app, live streaming, and key features like Cash Out and Bet Builder makes it less appealing to modern bettors. BetOlimp is the best option for those seeking the best odds, but it falls short in other areas.
FAQ
How can I claim the 100% first deposit bonus on BetOlimp?
To claim your welcome offer, register an account on BelOlimp and choose the option to receive the bonus on the registration page. Then deposit a minimum of R50 and contact live chat support. The bonus may take up to 24 hours to be credited.
What are the deposit and withdrawal methods on BetOlimp?
You may top-up your BetOlimp account via Credit card, Bank Transfer, SID Instant EFT, Ozow, 1 Voucher, Peach Payment, or Betting Shop. To withdraw money from BetOlimp use only Bank Transfer and Betting Shop.
Does BetOlimp sportsbook have a mobile app?
There’s no mobile app for Android or iOS. Players who prefer betting on their phones can only use the mobile version of the website.
