OlyBet review: the Olympic Casino group's online arm, rated

The Olympic Casino pedigree behind OlyBet

OlyBet belongs to the Olympic Entertainment Group, the company behind Olympic Casino. The Latvian online operation dates from 2010, and the OlyBet brand itself was launched in 2013. Its sister company, SIA Olympic Casino Latvia, runs the group's land-based casinos, so this is one of the few online brands in Latvia with a long-established physical casino business standing behind it.

Online, the operator is SIA Olybet Latvia, holding licence numbers E-06 and TI-16. In everyday language that is an IAUI licence; since April 2026 the IAUI has been merged into VID, the State Revenue Service, which now issues licences and keeps the register of permitted sites. Our guide to Latvian casino licences explains what the switch to VID means for players.

For a second, independent take on the same operator, see the OlyBet casino review at latvijas-kazino.eu.

Working through the €350 welcome bonus

The welcome offer is a 100% match up to €350 plus 100 free spins, with a minimum deposit of €10. That sits in the middle of the licensed market: above Optibet's €300, below the €400 and €500 offers elsewhere.

The wagering is 35x. On the full €350 bonus, that comes to €12,250 of turnover before the bonus can be cashed out. The terms say whether the multiple applies to the bonus alone or to deposit plus bonus, and the difference is a doubling of the target, so check it before claiming.

At ordinary stakes, the arithmetic is the same as anywhere else at 35x: a €50 bonus means €1,750 of bets, €100 means €3,500. I find the €350 ceiling quite sensible. It is large enough to matter for a regular player and small enough that clearing it in full is not a fantasy.

The usual conditions apply: slots generally count fully, table and live games less, and a max bet rule while the bonus is active. Our guide to bonus terms and wagering covers the details.

A tidy lobby with Ezugi live tables

OlyBet lists 1,500+ slots, 60+ table games, 80+ live dealer tables and 30+ jackpot games. That is a perfectly usable lobby, and for most players it is more than enough, but it is a step down from Optibet's 2,800+ slots and 140+ live tables or Tonybet's 2,500+ and 120+.

The live casino has one feature worth naming: since 2022 OlyBet has carried Ezugi tables alongside its other live content. Ezugi is a well-known live studio, and its presence broadens the choice of roulette, blackjack and baccarat formats beyond the standard set.

In my view the lobby is curated rather than vast. If you play a handful of favourite slots and some live blackjack, you will not miss anything. If you like to browse thousands of titles, the bigger lobbies elsewhere suit you better.

Poker and sports: where OlyBet stands out

OlyBet is one of only three Latvian-licensed operators that offer poker, together with Optibet and Tonybet. Given the Olympic Casino background, that fits: poker is a natural product for a group with real casino floors, and it is the clearest reason to choose OlyBet over a casino-only site.

The sportsbook completes the package. Casino, live casino, sports betting and poker all sit under one brand, which puts OlyBet in the small group of full-range operators in Latvia. For someone who bets on a match, plays a few hands and then spins some slots, that is exactly the right mix.

Trustly, bank links and the eight-hour payout

Deposits and withdrawals use the methods Latvian players know: Trustly, bank link payments with Swedbank, SEB, Citadele and Luminor, Visa and Mastercard cards, and e-wallets such as Skrill and Neteller. The minimum deposit is €10.

The stated Trustly withdrawal time is under 8 hours. That is good by any normal standard, though a little slower than the under-6-hour figures from Optibet and Tonybet, and the 4 hours quoted by X3000. Other payment methods can take longer than Trustly.

Before the first withdrawal your identity must be verified, as at every Latvian-licensed casino. I would get that done straight after registering, so the payout clock is the only thing you are waiting for. Our overview of fast casino withdrawals compares the market in more detail.

OlyBet's iOS apps

OlyBet offers iOS apps, and the site is also available through a mobile browser. For a brand that combines sport, casino and poker, that is the right setup: live betting and quick sessions both happen on a phone.

Mobile coverage matters more for a brand of this breadth than for a casino-only site. Poker players and sports bettors use a phone in very different ways, and an operator that serves both has to get the small screen right. Whatever you play, the cashier and verification steps are available on mobile too, so there is no need to switch to a laptop to deposit or withdraw.

I would rate the mobile side as one of OlyBet's solid points rather than a differentiator. It does what a full-range operator should do, and players coming from Optibet or Tonybet will find a similar level of coverage.

Who should pick OlyBet over Optibet, Tonybet or Fenikss

If game count is your priority, Optibet's casino is the stronger choice, with a much bigger lobby, its own live tables and poker as well. Tonybet also beats OlyBet on volume and on headline bonus, and our Tonybet review explains how its €500 offer compares.

The more interesting comparison is with the land-based brands. Fenikss, with its network of halls and the Club F loyalty scheme, is the other big name that combines physical venues with online play. Our Fenikss online casino review covers it; I would choose OlyBet over it for poker and for the faster stated payout, Fenikss for its hall network.

So OlyBet suits players who want poker and sport from a familiar casino name, with a fair bonus and quick Trustly payouts, and who don't need the biggest lobby on the market.