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Olybet bookmakers are offering a welcome bonus of up to €100 to all of their new customers. Open an account with Olybet, enter the promo code “SPORT1” during registration, make a deposit of at least €20, and automatically receive 100% of your deposit (up to up to €100) as a welcome bonus, which is subject to a 10-times wagering requirement with odds of 1.60 or higher, on valid sporting events within 14 days. 

What do I need to do to get this bonus?

  1. Register on Olybet
  2. Fill in the necessary fields with your personal information (name, country, email, etc).
  3. While registering, enter the bonus code “SPORT1” and make a deposit of up to €100 into your betting account.
  4. Get 100% of your deposit (up to €100) extra as a welcome bonus from the bookmakers, which you can use within 14 days on pre-match or live football, ice-hockey and basketball events, with minimum odds of 1.60 for each selection in your betslip. You must fulfill a 10-times wagering requirement in order to withdraw your prize money. 

Pros and Cons:

+ The welcome bonus is quite  generous – up to €100,
+ You automatically receive the bonus after making the deposit,
– The bonus is only valid on football, basketball, and ice hockey matches,
– There is a 10-times rollover requirement for the welcome bonus.

Terms and Conditions:

Who can take part?

All 18+ years old newly registered OlyBet customers who use during the first step of the registration process bonus code SPORT1 are qualified to use this offer.

When and how can I qualify?

  • The Welcome offer is valid till 31.12.2021 23:59 CET+2.
  • The minimum deposit to activate the welcome offer is 20€
  • To activate the offer a player needs to use in registration the first step promo code SPORT1. After a successful account creation phase, the player needs to make their first deposit after which automatically the bonus money will be transferred to the player’s OlyBet account.

What can I get?

  • Only players first deposit (min 20€) up to 100€ will apply for the bonus of 100%. Maximum bonus amount is 100€. In case players first deposit exceeds 100€, for instance is 125€, the bonus money calculation goes like this: 100€ x 100% = 100€ as the bonus money. Deposited amount of 100€ will be converted into bonus money balance and the player has now in his balance: 100€ deposited money + 100€ bonus money = 200€ total bonus money. This part from the first deposit which exceedes 100€, in current example 25€, will be converted to player’s real money account balance.
  • Total Bonus Money = deposited money up to 100€ + bonus money.
  • With Total Bonus Money the max bet amount is 50€. If player still bets more that 50€ per one bet, then the player’s bonus program will be canceled, added bonus and all winnings from bonus money will be deducted from bonus balance.

When will I get my bonus?

The bonus money will be transferred automatically to the players bonus balance after the first deposit. Total Bonus Money is valid and needs to be played through within the first 14 days after the account verification process has been completed.

Other boring but essential stuff

  • Total Bonus Money has only 10x wagering requirements, with the minimum odds 1.6 for each selection on all football, basketball and ice hockey pre-match and live, single and multi bets.
  • An example of the usage: the wagering requirement is 10, and you receive a Total Bonus Money in amount of 40€. You should make a bet or bets in amount of 400€ in order to withdraw the sum.
  • Wagering requirements for the total bonus money needs to be fulfilled 14 days after the account verification process has been completed. Otherwise, added bonus and all winnings from bonus money will be deducted from bonus balance.
  • Only bets on football, basketball and ice hockey qualify for the wagering requirement.
  • Only the following 3-way betting markets will qualify for the wagering: Match Result (1X2), Match Result (Regular Time), 1st/2nd Half Result, 1st/2nd/3rd Period Result, 1st/2nd/3rd/4th Quarter Result (3Way).
  • OlyBet reserves the right to change and/or cancel the offer at any time.
  • This offer may not be combined with any other offer and is not available for cashout.
  • OlyBet reserves the right acting reasonably to withhold, restrict or cancel this offer from individual account holders in breach of these terms and conditions or in breach of our general terms and conditions.
  • OlyBet reserves the right to change or end any promotion if required for legal and/or regulatory reasons.
  • Current offer can only be received and wagered ONCE per person/account, family, household, address, e-mail address, credit card number, device, IP addresses and environments where computers are shared (university, fraternity, school, public library, workplace, etc.). OlyBet reserves the right to close Your account and confiscate any existing funds if evidence of abuse/fraud is found.

General OlyBet terms and conditions apply.

– In case of dispute the English version of Terms and Conditions will prevail.

Attention! This is a gambling advertisement. Gambling does not solve financial problems. Please read the Terms and Conditions and play responsibly.

Bookmaker Rating’s Conclusion

Olybet bookmakers are offering a very generous welcome bonus for you to try out the world of betting. Create an account with Olybet, make a valid deposit, and receive a bonus of up to €100 from the bookmakers.  Have a look at our review of Olybet for more information.

If you have any questions, the Bookmaker Rating Support Service will be happy to help: [email protected].


  1. How do I claim the welcome bonus from Olybet bookmakers?
    You will get your welcome bonus automatically after you enter the promo code “SPORT1” and make a valid deposit. Note the welcome bonuses expire and change from time to time.
  2. Does the bookmakers offer any mobile apps?
    Unfortunately, the bookmakers do not offer apps on any platforms.
  3. How long does it take to deposit money from Olybet?
    Deposits with Olybet are processed within a maximum of 1 business day, without any commission being taken by the bookmakers. 
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