Online and live betting at the bookmaker Palms Bet

Bet on Palms Bet

Palms Bet is a Bulgarian bookmaker and online casino owned by Telematic Interactive Bulgaria AD. The brand dates from around 2017–2018 and was originally regulated by the Bulgarian Gambling Commission. Since that body was replaced in 2020, the operator's licences have been issued and supervised by the Bulgarian National Revenue Agency (NRA). Palms Bet holds a dedicated licence for betting on sports competitions and horse and greyhound racing, which makes it a regulated platform within Bulgaria.

The sportsbook covers more than 20,000 events each month, from football, tennis and basketball to combat sports and major esports tournaments. Players can place single bets, accumulators (known on the site as "express" bets) and system bets, both pre-match and in-play. Features include cash out, early payout, boosted odds and live streaming of selected events. The bookmaker previously offered a 20 BGN no deposit bonus on the first bet, giving new customers a free prediction with the chance of a real-money win. Since the euro was adopted, sports offers have been in euros. Betting works on desktop, in a mobile browser and in the Android and iOS app.

Palms Bet is licensed in Bulgaria only and does not hold a UK Gambling Commission licence. The sections for UK readers explain what that means and how the platform differs from UK-facing bookmakers.

Palms Bet Sportsbook at a Glance

Feature	Details
Sports betting licence	No. 000030-4566/27.09.2021, issued by the Bulgarian NRA
UKGC licence	No
Events per month	20,000+
Main sports	Football, tennis, basketball, volleyball, ice hockey, boxing, rugby, cricket
Esports	Counter-Strike 2, Dota 2, League of Legends, Valorant, StarCraft II
Bet types	Single, accumulator, system, outright, in-play
Odds format	Decimal
Extra features	Full and partial cash out, early payout, boosted odds, accumulator bonus, live streaming
Sports welcome bonus	100% up to €100 (minimum deposit €5)
Currency	Euro (EUR)

Sports and Competitions Covered

The sports programme covers both major international tournaments and smaller competitions. Football has the widest choice, including the Premier League, Champions League, Europa League, La Liga, Serie A, the Bundesliga and dozens of other leagues, plus international fixtures. The Bulgarian First League and Bulgarian Cup are covered in depth. Tennis includes the Grand Slams and the ATP and WTA tours, and basketball covers the NBA, the EuroLeague and European domestic leagues.

Volleyball, ice hockey, handball, boxing and MMA, rugby, cricket, motorsport, snooker and darts are also available. The most popular fixtures offer hundreds of markets, from the match result to corners, cards and individual player performance.

Esports Betting

The esports section includes Counter-Strike 2 (the successor to CS:GO), Dota 2, League of Legends, Valorant and StarCraft II. Bets can be placed on match or map winners, map handicaps, total rounds and tournament outrights, and many esports matches are also available in-play.

How to Bet on Sports at Palms Bet

Placing a bet on a sporting or esports event takes a few minutes, provided the account is registered and funded. The process works as follows:

1. Register an account. The registration form asks for personal and contact details, a password and a Bulgarian identification number (EGN or foreigner's number), followed by SMS confirmation of the phone number.
2. Make a deposit. All bets on Palms Bet are placed with real money, so the account needs sufficient funds. The balance can be topped up with debit cards, Apple Pay, Google Pay, e-wallets or Bulgarian payment services.
3. Choose a sporting event. The Sports or Live section lists all available events, including football, tennis, basketball, boxing, rugby and esports.
4. Select a bet type. A market and price are chosen and added to the bet slip, where the bet can be set up as a single, accumulator or system bet. Totals (over/under) and handicaps are also available.
5. Enter the stake. Once the stake is entered, the bet slip shows the potential return based on the selected odds. The bet is then confirmed.
6. Collect winnings. If the prediction is correct, the winnings are credited to the balance automatically when the event is settled.

Until an event has finished, cash out can be used on many fixtures to close a bet early. It can lock in a profit or reduce a loss.

Types of Bets at Palms Bet

Palms Bet offers every main bet type. The key ones are:

• Single – the classic and most popular bet type, placed on one outcome before the event starts. It can be a bet on the winner, the exact score, the number of goals and so on.
• In-play (live) bet – placed during the match, allowing predictions in real time based on how the game is unfolding.
• Outright (long-term) bet – a bet on the final result of a tournament or championship, such as the league winner or the season's top scorer.
• Accumulator (express) – several singles combined into one bet. All selections must win for the accumulator to pay out. Because the odds are multiplied together, it offers higher potential returns, but the risk also rises with each added selection.
• System bet – a type of accumulator that can still pay out if one or more selections lose. For example, a 2/3 system needs two of the three selected events to win. The risk is lower than with a standard accumulator, but so is the potential return.
• Total (over/under) – a bet on the total number of goals, points, cards and so on. For example, a bettor can back more or fewer than 2.5 goals in a match.
• Handicap – a bet where one team is given a head start or deficit to even out the chances. For example, with a -1 handicap, the team must win by at least two goals for the bet to win.

Bet Types Compared

Bet type	Selections	How it wins	Risk level
Single	1	One correct prediction	Low to medium
Accumulator	2 or more	Every selection must win	High
System	3 or more	A set number must win (e.g. 2 of 3)	Medium
In-play	1 or more	Depends on the live market	Varies
Outright	1	Correct final tournament result	High

Popular Football Markets

• 1X2 (match result) – home win, draw or away win;
• double chance – covers two of the three possible results;
• both teams to score;
• correct score and half-time/full-time;
• corners and cards – totals and handicaps;
• goalscorer – first, last or anytime.

Cash Out at Palms Bet

Cash out is one of the most widely used features at Palms Bet. It lets a bet be settled before the event ends, for the amount currently offered by the bookmaker. A bettor can lock in a profit if things are going well, or limit the loss if the prediction is looking unlikely.

For example, a bet on a team that is leading can be cashed out for part of the potential winnings without waiting for the final whistle. The cash out value changes in real time with the score and the time remaining. It is available for both single bets and accumulators.

Cash out is used from the open bets section. As well as full cash out, Palms Bet offers partial cash out, where part of the stake is settled and the rest of the bet stays live until the end of the event.

Early Payout

Early payout is a separate feature that settles a bet as a winner before the match ends if the selection meets a set condition – for example, if the backed team goes ahead by a certain margin. It is available for football, tennis and basketball, applies only to pre-match bets, and eligible events are marked "РИ".

Other Betting Tools

Tool	How it works
Cash out	Settle a bet early at the current offered value
Partial cash out	Settle part of the stake while the rest stays live
Early payout ("РИ")	Automatic settlement when a set condition is met; football, tennis, basketball
Boosted odds	Higher-than-standard prices on selected markets
Accumulator bonus	Extra percentage on winning accumulators with many selections (min. odds 1.30 per selection)
Bet Buddy	Social feature for sharing and copying bets
Live streaming	Video of selected events for registered customers

In-Play Betting and Live Streaming

The Live section is available from the main menu. It shows current matches with constantly updated odds, statistics and match visualisations. Many football, tennis and basketball fixtures offer dozens of in-play markets, such as next goal, game winner or quarter totals.

For selected events, Palms Bet also provides live streaming. It is available to registered customers and allows matches to be watched directly on the site or in the app. Because in-play odds move quickly, the bet slip may ask for a new price to be accepted before the bet is placed.

How to Check Whether a Sports Bet Has Won

All bet information is stored in the player's account. To check the result of a bet at Palms Bet:

1. Log in to the Palms Bet account with a username and password.
2. Open the "My Bets" section in the account.
3. Find the relevant bet. All open and settled bets are listed, with event details, odds, stake and status.
4. Check the status. Winning bets are marked "Won", with the amount paid, which is credited automatically to the balance. Losing bets are marked "Lost", and void bets show the refunded stake.

Bets are settled once the official result is confirmed, usually within minutes of the final whistle. Some markets, such as player statistics, can take longer.

Bet Cancellations and Refunds at Palms Bet

Bet cancellations and refunds are governed by the bookmaker's terms and conditions. If a bet is cancelled, for example because an event has been postponed, the stake is returned to the balance. With an accumulator, the cancelled selection is removed from the bet slip and treated as odds of 1.00, while the bet stands on the remaining selections.

The most common reasons for a void bet are:

• an event postponed beyond the period set in the rules;
• a match abandoned before the market is settled;
• an obvious error in the odds or event details;
• a change of venue or competition conditions;
• a tennis player withdrawing before the match starts.

Exact rules and time limits for each sport are published in Palms Bet's general terms.

Winnings, Bonuses and Wagering Requirements

Winnings from successful predictions are credited to the balance and can be withdrawn by card, e-wallet, Bulgarian payment services or bank transfer. Withdrawals generally go back to the method used for depositing, once the account is fully verified.

If Palms Bet bonuses were used for betting, all wagering conditions must be met before withdrawal. The wagering requirement shows how many times the bonus amount must be staked before bonus funds can be withdrawn. For example, with a 20x requirement, the bonus must be wagered 20 times. The deadline depends on the specific bonus, and any bonus funds not wagered in time are forfeited.

Sports Welcome Bonus in 2026

The current sports welcome offer is a 100% bonus up to €100 for the Sports (including virtual sports) and Live sections:

• minimum deposit of €5;
• can be claimed once, within 30 days of registration;
• credited as bonus funds, not as a free bet;
• the qualifying deposit and bonus are locked for withdrawal until the conditions are met;
• the campaign runs from 20.07.2026 to 31.12.2026.

According to 2026 data, the sports bonus must be wagered 12 times within 7 days at minimum odds of 1.50. Cash-out bets and void or cancelled bets do not count.

Palms Bet and UK Bettors: Availability and Licensing

Palms Bet is not a UK-facing bookmaker. Any operator taking bets from customers in Great Britain must hold a licence from the UK Gambling Commission, wherever the company is based. Palms Bet is licensed only by the Bulgarian NRA, and its sign-up process requires a Bulgarian personal identification number.

For UK readers, the main differences from a UKGC-licensed bookmaker are:

Aspect	Palms Bet (Bulgarian licence)	UKGC-licensed bookmakers
Available to UK residents	No	Yes
Currency	Euro	Pounds sterling
Default odds format	Decimal	Usually fractional, with decimal as an option
National self-exclusion	NRA register (Bulgaria)	GamStop
Independent dispute resolution	Bulgarian procedures	UKGC-approved ADR providers
Credit card deposits	Card payments per Bulgarian rules	Banned for gambling since April 2020

Using a VPN or false details to open an account at a bookmaker not licensed for the player's country breaches its terms. It can result in account closure and forfeited winnings.

Decimal and Fractional Odds: A Quick Guide for UK Readers

Palms Bet, like most European bookmakers, displays decimal odds, while many UK bettors are used to fractional odds. Decimal odds show the total return per unit staked, including the stake. Fractional odds show the profit relative to the stake.

Decimal	Fractional	Return on a 10-unit stake
1.50	1/2	15
2.00	1/1 (evens)	20
2.50	6/4	25
3.00	2/1	30
5.00	4/1	50

Some terms also differ. What Palms Bet calls an "express" bet is known in the UK as an accumulator ("acca"), and an "ordinary" bet is a single. UK bettors looking for a regulated sportsbook can check the UK Gambling Commission's public register and look for GamStop participation and a displayed licence number.

Palms Bet for Bettors in Bulgaria

• Stakes and returns in euros since 1 January 2026, including minimum stakes and maximum payouts.
• In-depth coverage of Bulgarian football – First League, Second League, Bulgarian Cup and Bulgarian clubs in Europe.
• Local payment options – ePay.bg, EasyPay, FastPay, Cashterminal and A1 (deposit only), alongside cards, Apple Pay and Google Pay.
• NRA regulation – every bettor is identified by EGN, and under-18s and people on the NRA restricted register cannot bet.
• Support in Bulgarian – queries about settlement, voids and cash out are handled in Bulgarian and English.

Responsible Sports Betting

Sports betting carries a risk of losing money even with good knowledge of the sport. Bookmaker odds include a margin, and every outcome is uncertain. The Palms Bet account offers deposit, loss and time limits, cooling-off periods and self-exclusion. In Bulgaria, players can also apply to the NRA register of restricted persons. Betting is not a source of regular income and should never involve money needed for everyday expenses.

Bet on Palms Bet