Bonus Terms and Conditions
Free Bet Bonus
- Make a first deposit of minimum €10* and receive the same amount on top as a free bet bonus to bet with. Your qualifying deposit is your 1st deposit amount and must be made within fourteen (14) days of opening your Account.
- The maximum bonus that can be claimed is €100*. Your qualifying deposit can be larger than €100, but if for example, you deposit €150, you will receive a free bet bonus of €100.
- Your free bet bonus will be credited to your Bonus Balance as soon as you have done the following:
- Made a first deposit of at least €10*.
- Placed qualifying bets to the value of your first deposit and had them settled in the system.
- A bet is counted as a qualifying bet if it includes one selection with odds of 2.00 or higher. For the avoidance of doubt, only single bets are counted as qualifying bets towards the free bet bonus.
- Any single bet placed at odds of less than 2.00 is not counted as a qualifying bet.
- Olimp Ltd reserves the right to issue bonus funds to a Customer on the basis that the qualifying bet has been placed on a pre-match event only and that any qualifying bets have not been subjected to a Cash Out.
- Your free bet bonus can used on sports and markets of your choice, provided that the bet includes a minimum of two selections, each with odds of at least 1.60. For the avoidance of doubt, this means that any multi bet or system bet placed with bonus funds must only include selections which meet this minimum odds requirement.
- Any bet that is settled as void, push or non-runner is not counted as a qualifying bet towards the free bet bonus. In the event that a bet placed using bonus funds is settled as void, push or non-runner, the returns may not be withdrawn. You will need to place another bet which meets the free bet bonus requirements as described in these Terms and Conditions.
- Any unused bonus funds will expire seven days after being credited to the Bonus Balance.
- You must have settled bets to the value of your qualifying deposit (capped at €100*) and bonus balance before making a withdrawal request.
- The maximum return on any bet placed with bonus funds is €3,000.
- Your bonus stake is non-refundable and is not included in any returns or winnings.
- Residents of the following countries are not eligible for the free bet bonus offer: Albania, Armenia, Belarus, Belgium, Canada, China, Croatia, Denmark, Estonia, France, Georgia, Italy, Kazakhstan, Latvia, Lithuania, Macedonia, Malaysia, Moldova, Netherlands, Russia, Serbia, Slovenia, Spain, Taiwan, Ukraine, United Kingdom, United States and Vietnam.
- The free bet bonus offer cannot be used in conjunction with any other promotion.
- Where any term of the free bet bonus offer is breached or there is any evidence of a series of bets placed by a customer or group of customers, which due to a deposit bonus, enhanced payments, free bets, risk free bets or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, BetOlimp reserves the right to reclaim the bonus element of such offers and in their absolute discretion either settle bets at the correct odds, void the free and risk free bets or void any bet funded by the deposit bonus. In addition, BetOlimp reserves the right to levy an administration charge on the customer up to the value of the deposit bonus, free bet, risk-free bet or additional payment to cover administrative costs. BetOlimp further reserves the right to ask any customer to provide sufficient documentation for the company to be satisfied in its absolute discretion as to the customer's identity prior to the crediting of any bonus, free bet, risk-free bet or any other offer to their account.
- All BetOlimp offers are intended for recreational players and BetOlimp may in its sole discretion limit the eligibility of customers to participate in all or part of any promotion.
- All promotional offers are limited to one per person, family, household address, email address, telephone number, payment account number (e.g. debit or credit card number, Neteller account number etc.), and shared computer, (e.g. public library or workplace). BetOlimp reserves the right to withdraw the availability of any offer or all offers to any customer or group of customers at any time and at its sole and absolute discretion. Offers only apply to customers who have made a real money deposit with BetOlimp and have satisfied all qualifying requirements.
- BetOlimp reserves the right to amend, cancel, reclaim or refuse any promotion at its own discretion.
- Offer closes 23:59 (CET), 30/12/16.
* The value of the minimum qualifying deposit and maximum free bet bonus may vary depending on the currency used on a customer’s account. Minimum deposit values are listed in the Deposit section of the website.
- The Accumulator Bonus is added to pre-match sports bets, which include two or more selections, with minimum combined odds of at least 2.50. The bonus is applied to multi bets that are placed before the start of the first event and is not applied to live betting multi bets or bets on Virtual Sports.
- The value of the bonus is relative to the number of selections within the bet, up to a maximum of 10%, which is applied to bets with ten selections or more.
- For bets with two selections, a 2% bonus is applied;
- For bets with three selections, a 3% bonus is applied.
- If any selection(s) chosen within the multi bet is postponed, cancelled, made void or a non-runner, the value of the bonus is adjusted according to the revised number of events in the bet, provided that the combined odds continue to meet the minimum requirement of 2.50.
- The Accumulator Bonus is not applied to any selection(s) which are already part of a special offer, price boost or similar promotion.
5% Cash-back Bonus
- Customers are entitled to 5% cash-back on real money deposits, provided that the account balance is zero and all bets have been settled.
- The value of the cash-back is calculated as 5% of the cumulative value of deposits (since the last cash-back bonus was received), less the cumulative value of withdrawals during the same period, as per the example below:
A player deposits 100 Euros and later withdraws 50 Euros. His balance is zero and all bets have been settled. The player will receive 5% of 50 Euros as a cash-back bonus.
- Any cash-back bonus may be used as funds to place bets or withdrawn.
General Bonus Terms
- BetOlimp reserves the right to charge an administration fee on the Player up to the value of the Bonus in order to cover any administrative costs.
- BetOlimp may, at its sole discretion, ask any Player to provide documentation in order to satisfy the legal criteria on the verification of the Player’s identity prior to the Company awarding any Bonus amount to such Player Account.
- The Company reserves the right, at its sole discretion, to amend any offer and its terms at any time, including the cancellation of a promotion without any prior notice.
- BetOlimp may, at its sole discretion, limit the eligibility of Players participating in all or part of any Bonus or promotion and further reserves the right to amend, cancel, reclaim or refuse any Bonus or promotion at its sole discretion.
- The Company reserves the right, at its sole discretion, to withhold any withdrawals and/or confiscate all winnings for breach of its terms and conditions, and/or irregular betting patterns. The Company further reserves the right to reclaim any Bonus awarded from such offers and confiscate them.
Last Updated 09th September 2016