First Deposit Bonus
Olybet offers one first deposit bonus. You are automatically enrolled for the bonus when you create your poker alias.
|€500||165 LPs / bonus €||20%||60 days||€1 / €5 / €10||-|
The Olybet Poker bonus system is based on Loyalty points (LPs). You receive 33 LPs per €1 rake. If you climb in VIP levels, you can earn up to 41 LPs per €1 rake.
You can create your poker alias when you download and open the poker client.
Olybet bonus details
Bonus clearing – The Olybet bonus is cleared by generating 165 LPs for every €1 the bonus is worth. You can track the bonus releasing progress in the Olybet poker client.
20% rakeback – The Olybet bonus is equivalent to receiving 20% rakeback: You receive €1 for every 165 LPs. When you collect 165 LPs, you have generated 5€ rake. On top of the bonus, 30% extra rakeback can be earned in the Olybet VIP club.
Chunks – The bonus is released in chunks: first 10 chunks are €1 (=€10), next 18 chunks are €5 (=€90) and the remaining 40 chunks are €10 (=€400). As soon as you generate enough Loyalty Points for one chunk you will receive the bonus money on your account. To receive the full bonus amount, you need to generate the required rake within 60 days after creating your poker alias.
Olybet has a VIP club where you can earn up to 30% cashback. The Olybet cashback program is based on Loyalty Points (LPs).
You receive 33 LPs for every euro payed in rake or entry fee.
|Level||Requirement LP||Requirement Rake||Cashback||Extra's|
|Standard||0 LP||0 € / month||0%||€30 quarterly bonus|
|Bronze||1000 LP||30,3 € /month||10%||12.5% extra LPs + €50 quarterly bonus|
|Silver||3000 LP||90,9 € / month||15%||15% extra LPs + €100 quarterly bonus|
|Gold||10000 LP||303 € / month||20%||20% extra LPs + €200 quarterly bonus|
|Platinum||40000 LP||1212 € / month||30%||25% extra LPs + €300 quarterly bonus|
You only need half the LPs to maintain your level. For example, if you are on the Platinum level, you only need 20000 LPs to stay on that level.
You can combine a bonus with Olybet cashback.
When you open an account at Olybet, you are automatically enrolled for cashback. You do not need to sign up for the program.
Olybet cashback details
You can convert 100 LPs into €1 cash. The amount of LPs that can be converted depends on your current VIP Level, so that it matches the cashback percentage. Loyalty points that can’t be exchanged for cash can be used to buy certain multi-table tournament tickets or in the Olybet VIP shop.
For example, If you have payed 500€ rake during first month, you will achieve Gold level and get receive 20% rakeback. You can turn 10000 LPs into €100 cash.
The exchange can be made directly in the Olybet poker client. You can choose when you convert your loyalty points (e.g. you can wait to move up a level). Note that your Loyalty Points will expire after 365 days from the date earned.
Extra LPs – Depending on your VIP level, you will receive extra loyalty points on top of your normal points. For example, when you reach the platinum loyalty level, you receive 41.3 LPs per €1 rake. The extra Loyalty Points also count towards clearing your bonus for even more rakeback.
Quarterly Bonus – Depending on your VIP level, you will receive an extra bonus once in every 3 months. The bonus clears with a 10% rakeback rate and is released in 10 chunks. You have 60 days to clear the quarterly bonus.