Bollybet Sportsbook Review

India’s internet user count has reached an all-time high in 2021. More than 40% of all internet users are participating in online gambling with fantasy sports and online sports betting websites gaining the highest footfall.

Founded in 2020 by a company registered in Curacao, Bollybet has taken the online sports betting market by storm. In less than 1 year of its operation, the site has been successful in gaining the trust of its users. From the user experience to the user interface, every single aspect of the platform offers unmatched convenience to the visitor.

In this review, we’ll delve into aspects including but not limited to Bollybet sportsbook bonus offers, payment terms, customer support and frequently asked questions to give you an idea of what to expect.

Facts - BollyBet

General

  • Wager requirement:
    25x
  • Play in ₹:
    Yes
  • Support:
    Support open 24h, Chat support, Mail support
  • Loyalty:
    -
  • License:
    Yes, Tagus Media Americas N.V.

Games

  • Game assortment:
    Betting, Live betting, Bingo, Casino, Live casino, Poker, Scratch cards
  • Betting markets:
    • Cricket
    • Football
    • American Football
    • RugbyRugby
    • Ice hockey
    • Tennis
    • HandballHandball
    • Basketball
    • Table tennis
    • Volleyball
    • Badminton
    • Dart

Payments

  • Payment providers:
    • PayTM
    • UPI
    • PhonePe
  • Withdrawals processed within:
    48h
  • Minimum deposit:
    ₹500
Bonus: ₹50,000 Supports Paytm, UPI and IMPS Simple registration process Play here

Welcome Bonuses

Who doesn’t like bonuses? Bollybet makes sure you are pleasantly surprised at the time of joining the platform and here’s how:

Sports Welcome Bonus

When you make your first-time deposit, you get a bonus up to ₹ 50,000. That means if you deposit an amount of ₹50,000, Bollybet would deposit the matching amount of ₹50,000 in your account.

The role of turnover criteria

The bonus comes with a validity period of 15 days within which you should have used it, or you will lose it. It is important to understand that if you use the bonus amount, you will have to achieve the turnover criteria within 15 days to be able to access any winnings from the amount. Any active deposit bonus is removed from the account after 15 days.

This turnover criterion also depends on the deposit amount. Furthermore, the withdrawal from bonus winnings is capped at 1x times the bonus amount. As a player you would have to comply with the wagering requirement and turnover criteria to be eligible for it.

Wagering requirements

The wagering requirement depends on the amount of money you deposit. Here’s the breakdown below:

  • On a deposit up to ₹10,000, wager requirement is 15x
  • On a deposit up to ₹20,000, wager requirement is 20x
  • In the same way, up to ₹50,000, the requirement is 25x

The maximum amount of money you can withdraw from the bonus winnings is the same as the amount you deposit. For instance, if you deposit ₹15,000, your maximum withdrawable winning is ₹15,000.

Just keep in mind that if someone receives a ‘first deposit bonus’, they wouldn’t be eligible for any rebates or cashback until the wagering requirement has been finished. Bollybet has strict rules against fraudulent accounts, voided bets, refunded bets. So it’s better to keep these, and several other rules in mind.

Bonus - BollyBet

Betting bonus

  • Deposit 1
    100% up to ₹50,000

Casino bonus

  • Deposit 1
    100% up to ₹50,000
CricketFootballAmerican FootballRugbyRugbyIce hockeyTennisHandballHandballBasketballTable tennisVolleyballBadmintonDart Play here

Betting markets

A betting site thrives because of the myriad options in gaming it offers the users. Bollybet understands this and that is why you’ll find many well-known games on the website.

Thinking about Cricket, or Football or let’s say Baseball? Well, those are just 3 of the 15 games available on the platform with cricket leading the scoreboard as a popular sport among the Indian bettors. If that is not your cup of tea, there are other options like:

  • Football
  • American football
  • Badminton
  • Beach Volley
  • Futsal
  • Ice Hockey
  • Table Tennis
  • Handball
  • Tennis
  • Basketball
  • Rugby, and Volleyball

The games are segregated based on ‘Live Now’ & ‘Favourite’ so you can easily choose your next bet based on your interests. There are also options of seeing bet history, bet slip and cash out to enhance your gambling experience.

Betting options

There are several games you can bet on, though cricket is the most popular among all. Bollybet covers even the not-so-popular tournaments as well which makes sure cricket fans are engaged in betting whenever they like. For example, at the time of our review, a match of the Pakistan Super League was available for betting. You also get several betting options in cricket such as ‘who would be the winner’, ‘would there be a tie’, etc.

In the same way, in other games such as soccer, betting can be done on outcomes like ‘when would the next goal be scored’, ‘which team would win the match’ and so on.

Overall, the developers have paid special attention on the unique traits of the game to provide betting options to users. Though as per our observation, a beginner may find it difficult to navigate the betting section, so overhauling the user interface of this section might be a good idea for Bollybet. An option of pre-match bets is missing which might be a cause of disappointment for some users.

PayTMUPIPhonePe Play here

Supported Payment Methods

Bollybet makes sure its platform caters to a diversity of users with varying payment methods. As not everyone has a credit or debit card, it has provided multiple payment options such as Net Banking, Google Pay, and even PayTM. You can also use Unified Payment Interface, PhonePe, IMPS, Jio Money, and Astropay.

A fee is charged for deposits which users will be informed of at the time of making payment. And a 3% processing fee is applicable when a deposit is made to an account where no bets are made three times.

The user should always ensure that their Know Your Customer formalities are completed so they don’t face any issues with payments or withdrawals. The withdrawal process takes anywhere between 2-7 business days. Surcharges depend on the withdrawal method, for example no surcharge is applicable on online wallets, whereas a charge of ₹ 8800 is applicable on Wire transfer for withdrawal up to ₹44000.

Customer Service

No matter how good the services or products of a company are, the customer develops real loyalty towards the business only after interacting with the customer service at the time of distress. Bollybet understands this need and therefore provides support through 2 measures: Live Chat where the agents are available 24×7 and Email where the user can expect a reply from the agents within 48 hours.

Pros & Cons

Every company has some inherent unique selling point along with some aspects they need to work upon.

Pros

  • Huge signup bonus of up to ₹50,000
  • Easy registration process with Facebook or Google
  • Secure Payment as well as withdrawal options
  • Variety of payment methods suitable to Indian users

Cons

  • Lack of clarity on deposit fee specifications on website
  • Stringent rules on deposit bonus such as the 15 days rule
  • Need of more Indian games such as Kabaddi, Horse racing, and more
  • Need of Pre-match bet options

Summary

Bollybet is what was missing in the Indian sports betting scene. As the country is in love with its movie industry, the Bollywood themed sportsbook doesn’t need much help luring users to its website. The wide range of payment and withdrawal options are enticing as they offer unmatched convenience. And let us not forget about ‘First deposit bonus’ which is the icing on the cake!

While there’s a need for more Indian games and pre-match betting options. There is more to be excited about on Bollybet Sportsbook.

FAQs

What registration login options are available?

You can register for an account using your Facebook or Google details

When was Bollybet launched?

It was established in 2020, though in a short period it has gained a massive following in India.

Is Bollybet available on mobile phone?

Yes, their solid mobile platform is compatible with all devices. The developers have made it available on every major operating system such as Android & iOS.

Will Bollybet sell my account information to any third party?

No, all of your information is stored securely with the servers. It is not sold to anyone and is never used for any other reason than account management and promotional offers.

What is the minimum deposit amount required for first-deposit bonus?

The minimum amount required is ₹500 whereas the maximum amount one can claim bonus on is ₹50,000.

BollyBet

Our rating:


Last update:

Reviewed by:

Avatar for Daniel Tafvelin
Daniel Tafvelin
dan[email protected]