While it may confusing at first, Olebitcoin.com is not a sportsbook – it is actually a sportsbook service provider. Owned and operated by OLE Group International, an Asian company specializing in online sportsbooks, OleBitcoin offers access to three top sportsbook sites and allows for you to bet with Bitcoins – something that these sites don’t normally permit.
OLEBitcoin.com Quick Facts
Sportsbooks: Pinnacle Sports, SBOBET, IBCBET
Currencies Accepted: Bitcoin
US Accepted: No
In addition to allowing users to access these top sportsbooks and bet with bitcoins, OleBitcoin can also convert Bitcoins into credits to be used at sportsbook sites that still do not yet accept the cryptocurrency. And if that wasn’t enough, OleBitcoin even offers a deposit bonus to its players.
As mentioned, OleBitcoin offers access to three main sportsbooks. Two of which are Asia-based (as are OleBitcoin and the company behind it) while the other has a North American focus.
To start with the Asian sites, the first is SBOBET – a sports handicapping site that also includes a live casino and poker room. The site is one of the leading gaming sites in the world, seeing more than 2 million visits per month. Its sportsbook section covers all of the main sports, including a focus on major Asian sports leagues, with pretty decent odds overall.
The next site is IBCBET – another Asia-based sportsbook, but without the casino and poker. What IBCBET does have over SBOBET is what’s known as “IBC TV” – where you can watch and bet on live sports. Both of these sites together offer a rather broad spectrum of online gaming for sports and casino fans and should be very exciting with the addition of Bitcoins.
Finally we have Pinnacle Sports one of the most popular online sportsbooks. Like SBOBET, Pinnacle provides a sportsbook covering all of the sports you could handle, as well as an online casino. The latter features live dealers and promotions that include rebates – whether you win or lose!
Payments and Processing
OleBitcoin only accepts Bitcoins as payment. For deposits up to 5 BTC, 3 confirmations are required to credit the player’s account, while 6 confirmations are required for deposits about that amount. Withdrawals can be made at any time without any fees or charges and should take less than 24 hours to process, or up to 24 hours for larger sums.
OleBitcoin even allows you to transfer credits from one sportsbook to another.
Bonuses and Promotions
It is unclear whether players can double up on promotions – meaning earning promotions from both OleBitcoin itself and the sportsbooks it offers. In any event, users at OleBitcoin will receive a 0.5% or 0.005 BTC first deposit bonus with a maximum of HKD 5,000 and which must be wagered 4 times before withdrawal.
Overall, OleBitcoin.com is a really great tool – it provides an excellent service for Bitcoin gaming and betting, as well as the option for player with fiat credits at other sportsbooks. The one drawback is that the site does not accept players from the US. It would be great to see OleBitcoin expand into other sportsbooks, permitting Bitcoin owners a wider array of places to play.