General Terms and Conditions for OlympiaBet

OlympiaBet reserves the right to at any moment alter, amend, revise, or supplement the OlympiaBet Rules. Any significant changes to the OlympiaBet Rules must get your consent and be communicated by OlympiaBet to the Account Holder prior to implementation. You won’t be able to use the Services if you do not accept the amendment(s) to the OlympiaBet regulations. The singular includes the plural in all references to that word in the OlympiaBet Rules, and vice versa. “A/an” and “the” are always included when “the” is mentioned.

1. An Overview, Definitions, and Conditions

1.1 A person who establishes an OlympiaBet Account on the website and enters into a legal contract with OlympiaBet is referred to as an “Account Holder.”

1.2 An “OlympiaBet Account” is an account owned by an Account Holder for legitimate business purposes, with the sole intent of establishing a regular business connection with OlympiaBet, and with the sole intent of engaging in betting and other forms of gaming and gambling.

1.3 The “Contract” is the legal agreement that exists between OlympiaBet and an Account Holder and is governed by the “Terms and Conditions” as well as the OlympiaBet Rules.

1.4 The gaming and betting offers that OlympiaBet makes available to the Account Holder through the Website are referred to as “Services.”

1.5 The term “Card” refers to all cards with a “payment,” “charge,” “debit,” “credit,” “virtual,” and/or equivalent function.

1.6 A “Payment Solution Provider” is a middleman who serves as an agent for payments for various payment methods.

1.7 A “Financial Institution” is a bank and/or other institution that is subject to a domestic financial services act that is relevant or one that is comparable.

1.8. For the purposes of the OlympiaBet Rules, “Force Majeure” refers to any event or circumstance beyond a party’s reasonable control that results in a delay or default in the performance of the affected party’s contractual obligation and shall, among other things, include Acts of God, governmental restrictions (including the denial or cancellation of any necessary license where such denial or cancellation is made without the affected party’s fault), wars, the start of hostilities, riots, and civil unrest.

1.9 By “Client Application,” we mean the web browser that the Account Holder has opened in order to access the Services.

1.10 The term “Software” refers to all programs that OlympiaBet employs to provide and/or manage the Services and/or run the Client Application.

1.11 A “Prize” is a sum of money, a bonus, or a prize that the account holder can win.

1.12 An “Inactive Account” is an OlympiaBet Account that has gone more than 12 months without recording a log-in or log-out.

1.13 OlympiaBet and/or OlympiaBet’s suppliers and partners are the sole owners of all trademarks, service marks, trade names, pictures, graphics, text, concepts, and techniques (collectively, the “Intellectual Assets”) found on the Website, the Client Application, and the content therein. Except as permitted by law, the Account Holder has no right to exploit or otherwise make use of any Intellectual Asset.

2. Account Rules

2.1 Creation of a OlympiaBet Bet Account

2.1.1 A person must be an Account Holder in order to take part in a game that costs money. An individual must register individually and submit an application for registration in order to be enrolled as a player. The following details need to be given:

  • the player’s birthdate and proper identity demonstrating that they are at least eighteen (18) years old or the applicable legal age of majority as determined by the jurisdiction in which they reside;
  • first and last names of the player;
  • entire residential address of the player;
  • genuine email address of the player;
  • a password and a username.

2.1.2 Anyone submitting an application to become an account holder guarantees that they are at least eighteen (18) years old. Both player registration and account ownership are prohibited for minors at OlympiaBet. OlympiaBet retains the right to ask for additional identification or to carry out extra checks to confirm the submitted information. Until acceptable evidence of age is shown, an OlympiaBet account may be suspended.

2.1.3 A person requesting an OlympiaBet Account understands and consents to:

  • all terms and conditions outlined in the OlympiaBet Rules;
  • the OlympiaBet Rules as they are currently displayed on the Website and any potential alterations that may be made in the future;
  • that the Governing Law of the Contract’s Location, the OlympiaBet Rules as published in English, and any other rules or decisions issued from time to time by the Governing Authorities will all apply to the Contract.

Regulations for accepting bets on sporting activities

2.2 If the organizer believes the player has committed system usage fraud, the organizer has the right to revoke any bonus, jackpot, and/or award. In this scenario, the Organizer locks the Player’s unique gaming account and, if any money remains, issues a refund to the payment system the Player used to top up the gaming account.

2.3. Set up a game

The prize payments can be stopped and the previously made payments to the player’s special gaming accounts can be made again if the organizer has enough evidence to believe that the game was staged. The data related to sums and characteristics, as well as quantities of all entry payments made using all feasible ways, may be included in the aforementioned suspicions.

3. Rules for betting

3.1 The betting company accepts wagers on the results of athletic events and other events with purposefully unknowable outcomes, including wagers made through the use of telecommunication networks.

3.2 The client confirms his agreement with the most recent version of the Rules and the duty to act in accordance with these Rules each time he downloads the client’s application, regardless of whether he uses the media resource (via Internet or mobile services), opens an account or uses one that already exists, places a wager or plays a game, or claims a prize.

Any time a user installs the client, creates an account, logs into an existing account, places a bet on a game, withdraws winnings, etc., this signifies their acceptance and commitment to follow the rules as they are now written.

3.3 OlympiaBet has the right to modify and add to the terms and payment methods described in this document without giving any specific person prior written notice. This is communicated to users via the necessary notices. The terms of previously staked (placed) wagers remain the same, while accepted bets are subject to the rules in effect at the time of acceptance.

3.4 OlympiaBet has the discretion to deny service to anyone without providing a reason (s).

4. Site use guidelines

4.1 OlympiaBet disclaims all liability for any losses or damages allegedly caused by using this website or by anything contained therein. This clause also covers any unauthorized use or misuse of the website’s material, difficulty accessing or using the website, delays in the functioning or delivery of data, communication line failures, and any typographical or other errors or omissions in the website’s content.

4.2 Only personal use is allowed when downloading images or video from the website or any of its sub-sites. It is expressly forbidden to publish, transmit, or reproduce this data for any other reason.

4.3 OlympiaBet actively analyzes website traffic and maintains the right to restrict access in instances where automated betting is detected (bots).

5. Policy of Bets

5.1 Except in instances of technical and evident errors in the line, the values of the parameters (including handicaps, totals, and coefficients) of the events indicated in the line of the current day may vary after any bet.

5.2. Only the amount confirmed and registered by the company is considered as a bet amount.

5.3 The only person accountable for the wager is the User. A bet cannot be modified or canceled by the User after it is placed and accepted. Regarding the “loss” or “double” bets placed by consumers, OlympiaBet makes no assurances. Please double-check each wager you placed.

5.4 You cannot revoke your request for payment of prizes or request for withdrawal rates due to password loss.

5.5 As soon as the company confirms a wager, it is accepted. The “Bet History” lists every accepted wager. There can occasionally be a delay before a bet appears in your history. The time the wager was entered into the company’s system is taken into account as the wager’s actual submission time in the event of a dispute. If the rate is shown in the “Bet History,” even if the User didn’t receive any information that the wager had been accepted, it is still regarded as having been accepted.

5.6 If a bet has already been registered on the server, communication breakdowns or other technical issues in client communications are not grounds for canceling the bet.

6. Data Display

6.1 The proposed information services, including statistics on the Live events and mailing services, are not guaranteed to be accurate, complete, or timely by the Company.

6.2 OlympiaBet takes every effort to ensure that the information on Live events is accurate, including game results, start times, and team and player statistics. Nevertheless, this data is solely shown for informational purposes. Should there be any inaccuracies in this data, OlympiaBet disclaims all liability.

6.3 OlympiaBet disclaims all liability and will not assume any responsibility for the accuracy of player and team names that have been translated from languages other than English.

6.4 All bets are refundable if there are multiple participants in the specified event or match with the same surname and no indication of the athlete’s full name or other distinctive characteristics was made when accepting the wager.

6.5 All wagers on that event are deemed invalid and a refund is given if one or more participants are incorrectly listed in the name of the match or the position (with the exception of translation errors). This occurs when the other team or participant from the represented tournament is listed instead of the required one. Only OlympiaBet has the authority to choose the events that fall under this heading.

6.6 All bets on this game are refundable in situations where the specifics of the team, such as a specific age group (for example, 18 to 21 years old/youth teams), gender (women), or status of the team (reserve), are not indicated in the line and the other team is marked in the line instead of the one that was declared. All wagers are still valid in other situations where the line indicates an incomplete name or potential grammatical problem. It is assumed that teams are male if the gender of the teams is not stated in the line. If women’s teams are competing in a match, there must be a clear statement of this on the line; otherwise, bets on this match may be returned.

6.7 Except for Live events, the date and time on the line represent the point at which bets will no longer be accepted on the event. These times may not correspond to the actual start of the event. The start time of the event is taken into consideration as the time when the bets are actually placed, and this time is established using both OlympiaBet’s statistics and the official paperwork from the company running the competition.

6.8 Aside from competitions in American-style sports, the host of the field is listed first in the list of events if the location of the meeting is not specified in the line. Each piece of information in the “cap” for a specific sport has a supporting role. Possible inaccuracies in the information provided are not a justification for the return of bets.

6.9 In regards to accepting wagers on live events For security and protection from following bets, there is a predetermined delay whose value may change based on the sport, market, and other variables, and which is exclusively chosen by OlympiaBet.

6.10 For the convenience of clients, taking into consideration the uniqueness of Live Events, in which coefficients change frequently, a client may select one of the following options: “Accept all changes in the coefficients,” “Accept only marked-up bets,” or “Do not accept bets if the coefficients change.” These options determine, respectively, whether the bet is accepted if the coefficient changed during the time of its arrangement, at any changes of it, or just in the case when the change occurs.

6.11 An incorrectly stated date for the game being played is not a reason to cancel the wager.

6.12 The bets are refundable if the game started from the point at which it was previously halted and in the unspecified line.

7.1 OlympiaBet makes it clear that placing bets and organizing wagers, as well as taking part in sports betting, multiplayer poker, casino games, and games like lotteries, may be subject to legal restrictions or even outright bans in some jurisdictions. Even if a corporation has the required authorization (a license for operating a betting operation or organizing games) to operate betting organizations, such limitations or prohibitions may still be put in place.

The User should be aware that if placing bets or participating in games like lotteries, multiplayer poker, or sports betting is prohibited or only permitted under specific conditions that are not met, the User is solely responsible for any harm produced as a result.

The customer must also be aware that the business is not compelled to give customers information, instructions, or cautions outside of what is stated in the preceding sentence. In particular, the company disclaims responsibility for any losses incurred by the User as a result of a breach of applicable laws in that country.

7.2 In accordance with your country of residency, you should register on one of the OlympiaBet company websites. By rating or taking part in the games, the User attests to having attained the legal minimum age of consent in his/her country and to having the legal capacity to enter into an agreement with the company. The User’s account will be canceled and the relevant actions taken if these prerequisites are not met.

7.3 The User acknowledges and agrees that the automated storage and use of his personal information submitted to the Company during pool betting, games of multiplayer poker, casino games, and other games such as lotteries.

7.4 You have more than one account or have registered more than once on websites run by the OlympiaBet group of companies. In this situation, the Company is free to decide to block all of the accounts and leave only the account associated with the nation of residency.

7.5 The Company retains the right to contact Users by phone and email to let them know about specific promotions and new items.

7.6 With the exception of the relevant legal provisions of international private law, the User’s and the Company’s legal relationships are subject to and governed by Curacao law. Curacao is the location where all wagering and gaming-related obligations, as well as the right bets, must be fulfilled. If it does not violate the law, the Curaçao court with the appropriate geographical and subject matter jurisdiction will settle any disputes involving or relating to bets placed by clients.

7.7 The Company explicitly declares that it does not offer users any legal or tax advice (consulting).

7.8 If the company abides by the terms of arbitration, no disagreements over the bets may give rise to a lawsuit, legal action, or claims on bookmaker licenses.

7.9 The company’s liability is regulated by the size of bets or potential wins in the event of claims or disputes from Users’ side and individuals representing their parties.

7.10 The OlympiaBet database takes precedence over all other data in the event of any disputes or claims.

7.11 The English version of these rules must be deemed authoritative in the event of a conflict between it and any translation into another language.

7.12 The bookmaker office accepts disputes, including claims regarding the outcome of the event, for assessment within five days of the conclusion of the sports event.

7.13 OlympiaBet does not keep the money belonging to its customers in separate or segregated bank accounts. The User should be aware that OlympiaBet’s deposits are not held in banks and that no interest is earned on them.

8. Rate restrictions

8.1 Bookmaker firm reserves the right to close or temporarily block the accounts of certain Users without prior notice and the right to refuse to take bets from anybody without providing a reason.

8.2 The bookmaker office establishes the minimum and maximum bet sizes for all sporting events, and these limits are subject to change without previous written notice. Additionally, OlympiaBet retains the right to place unique limitations on each User’s account.

8.3 To avoid any suspicion of collusion, OlympiaBet does not advise two or more Users to place wagers from the same IP address (from the same computer or local area network) (cheating). In these situations, it is vital to describe the circumstances in order to make OlympiaBet accept the feasibility of the game. Such a User’s account may be blocked by OlympiaBet, who may also request that they send the identification documents listed on their registration.

8.4 Only winnings that fall within the maximum restrictions of the company are paid out. The company will not pay any amount that is greater than the maximum limit if the User has placed a wager and wins more than the maximum.

8.5 Results for sports statistics are posted on OlympiaBet’s official website three days after a sporting event concludes.

9. Late wagers

9.1 All bets placed after the event has begun, with the exception of those for Live Events, are void, returnable, and not eligible for “express” or “system” bets. Any wager placed on an event whose outcome was previously known at the time of betting is deemed invalid and will be refunded, including wagers placed on Live Events.

9.2 If a user disputes the start time of an event, he or she must present an official document (or a URL to the website of the organization in charge of regulating the event in question) attesting to the match’s true start time, on which the user’s wager was placed.

9.3 In the event of a dispute regarding the start time of the event, OlympiaBet’s information about the start time of the event is taken into account as the only correct one when calculating bets if the official regulatory bodies of the relevant tournament or event do not provide (or lack) such information.