Although a small island with just over a million inhabitants, Cypriots love sports. The close proximity of Turkey and Greece influences the love for football and basketball, but also other sports. In addition, the citizens love to bet on such sports and they can do it in a variety of ways.
Nowadays, sports betting sites are becoming more popular than ever, and luckily, Cypriots can place sports bets online. In this article, you will be able to find the best sports betting sites in Cyprus for 2024, how to use them, what to look for, and much more.
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Is Online Sports Betting Legal in Cyprus?
Sports betting is legal in Cyprus and there are many bookmakers that offer online services which Cypriots can access with ease.
National Betting Authority (Licenses) – following the changes in the legislation, poker and the provision of games conducted with a Gaming Generator (Slots, casino games, etc.) are completely banned. The National Betting Authority provides two types of licenses:
Platforms that do not have a Class B license, but are not on the Blacklist, are also considered illegal, even if they are licensed in a European Union country. The National Betting Authority is constantly reviewing new applications from platforms wishing to obtain the relevant license and in accordance with articles 25 and 46 of the Betting Law of 2012 106 (I) 2012, is obliged to immediately update the list of licensed platforms.
The security of the players’ money is one of the points that were given extra attention. According to Article 61, betting platforms are required to maintain in a credit institution based in Cyprus a special bank account for the amounts of each player separately, This account should be equal to the balance that the player has in the betting account. Also, the platforms must complete the payouts of the winnings within 5 days, while in case the player has not bet for more than 24 months and has a balance in his account, the bookmaker is obliged to transfer the money to the Authority. Certainly, all the above changes have brought great upset to the Cypriot market, but the landscape is now clear and players can bet knowing when their money is safe.
Do not forget that Greek betting platforms such as OPAP or Stoiximan and some of the biggest names in the global sports betting markets, such as Bet365 and Betfair, currently offer their services in Cyprus. Thus, a very competitive environment has been created, which enables players to bet on high odds and enjoy rich bonuses, always with the security offered by the Betting Law.
Choosing your online betting site in Cyprus is not something to be taken lightly. There are now a dozen sites to bet on, all different from each other. Registering on the one or ones that suit you best will allow you to have a good time and put a maximum of chances on your side to win the bet. Bettors should pay attention to several criteria, such as the quality of the odds offered, the bonus offered, the quality of customer service, etc.
Once you have a good first idea of all the different online betting sites in Cyprus, go back to see which ones appeal to you the most. Look more precisely if the sports on which you want to bet are well supplied in bets but do not neglect the other sports. If they don’t appeal to you right now, you may need to diversify your bets with experience.
The quality of the odds that you find on the sites is obviously very important in your choice since it is on these odds that your future earnings will depend. On the surface, these odds are very close to each other, but on closer inspection, there are significant differences that can help you win more on good bets.
The bonuses offered by each online betting site in Cyprus when you register is one of the first criteria to take into account before making your choice. It is with it that you will be able to bet without risk at the start of your career as a sports bettor! Be well aware of the conditions of this bonus.
Let’s take an example, you deposit €100 following your registration, you bet them on odds of 2 on a football match of your choice. If your bet wins, you win €200. If your bet loses, you are immediately credited with €100 and you can withdraw this refund to your bank account.
As in any business, the quality of customer service is essential. Online betting sites in Cyprus generally offer contact by email, telephone, or live chat. For more responsiveness, it is preferred to look for sites providing “Live Chat” open 7 days a week, where someone answers you immediately.
To start, register on a site and familiarize yourself with sports betting, the use of bonuses, the choice of odds, etc. But then, remember that by registering on several online betting sites, you will have access to a larger panel of odds and bets. You can then choose to bet on the bookmaker who offers the highest odds and thus have the chance to win more money.
One of the main advantages of betting online is that it is a great way to win some extra money if you are a good bettor. This is especially true if you have the time or knowledge of sports that others may not have. But beware, the majority of bettors lose money! You must quickly have a real strategy to become a winning bettor.
There are many more advantages as well. For example, with online betting sites in Cyprus, you don’t have to go anywhere – you can make your bets from home, or anywhere else. Plus, you don’t have to worry about wearing a suit and tie! And best of all, of course, you don’t have to queue for hours at the betting center on race days.
A number of things make online sports betting sites an attractive option, but there’s only one thing to remember: bet if you know what’s going on. Otherwise, don’t bet at all or risk losing money in the long run.
Before everything else, it is important to find a sports betting site in Cyprus that will provide everything you need. Not to spend much time on it, the list of important criteria is provided above, as well as the best sports betting sites in Cyprus for 2024. You can use either in your search for your favorite bookmaker.
One of the main risks is depositing money on an unidentified site. There are many fraudulent betting sites that try to steal your credit card information or charge you for a service they never provide. You can avoid this by only signing up with brands that have been tested, reviewed, and approved, and are obviously legal. This is why it is important to take a little time before registering on a sports betting site.
When an online bookmaker has been found ((or several), it is time to register and create an account. When you register on the website, an identification process is required. You need to provide your Iban and a copy of an ID, then the bookmaker sends your home a code. This is done to verify your address.
It is of utmost importance to use your real personal information as it will be necessary when withdrawing funds from winnings. The whole process takes a few minutes and once your account is created, you will not have to go through the same process again. Simply use the username and password to login and that’s it. Also, make sure to read terms and conditions carefully before accepting them, in order to be aware of the bookmaker’s dealings in the future.
Once the process has been validated, deposit your first deposit on the online betting site in Cyprus. Several payment methods are possible, such as credit card, Paypal, e-wallets, or bank transfers, depending on the betting site of choice.
Simply go to the banking section on your account, select the payment method, choose the amount that you wish to deposit, and confirm the transaction. Once the money is available, you can place sports bets.
Should you register on several sites or stick to a single bookmaker?
Some punters like to spread their bets between several bookmakers. Others prefer a single site, especially if they only want to place small bets. The big advantage of having several accounts on sports betting sites is that you can compare the odds each time and select the best one.
With deep roots in sports, Cyprus, although a small island in terms of population on the geographical map, nevertheless a large percentage of the island is involved in sports. There is in the culture of the people, parents sending children from an early age to a sport, especially boys in football, and girls to some kind of dance.
The most popular sport on the island is football but there are certainly other sports such as tennis, which after the success of Markos Pagdati, acquired another dimension, the track where there are several athletes who were distinguished worldwide, as well as basketball, volleyball, and motorsport, with the Cyprus Rally gaining a large number of fans in recent years.
Beginners who want to get involved in sports betting fun should be familiar with the online bookmaker mode in advance. Those who do not understand the importance of odds will never be able to make a sensible bet.
The following guide carefully examines the different types of bets that can be found in Cyprus.
A bet placed on a single outcome in a sports event. It is the simplest and most straightforward type of bet.
Also known as accumulator bets, these involve betting on a series of selections. To win, all selections must be correct.
A type of bet that allows you to make multiple selections and covers all possible combinations within those selections to increase the chances of winning.
A wager on whether the total number of points or goals scored by both teams will be over or under a specified number set by the bookmaker.
A bet focused on the number of goals scored in a match, it can pertain to total goals scored, or goals scored by a specific team.
A straightforward bet where you pick the team or individual you think will win a particular event or match. It is one of the most common types of bets.
Today, there are many online betting operators on the market, and each sports betting offer has something for everyone. To motivate new bettors, operators do not hesitate to offer what we call “bookmaker bonuses”. Each offer in sports betting brings you game credits to bet for free and bet with more inflated possibilities. The 3 main categories of sports betting bonuses in Cyprus are:
Today, to the delight of Cypriot bettors, there is a wide variety of promotional offers on sports betting sites. But it is more than important to know the ins and outs of it to take full advantage of it and not make mistakes. Registration bonus, losing bet refunded, free bet, referral bonus, no deposit bonus… The names and methods are multiplying, but in the end, the sports betting offer is divided into three main categories to know in order to fully understand what bonus you are dealing with. So here they are below:
A bonus provided to new bettors when they first register with a betting site. Typically includes free bets or a matched bet based on their first deposit.
A bonus that offers a certain number of free bets based on various criteria like deposit amount, betting patterns, or promotional offers.
A bonus that rewards bettors for their consistent betting activity. It can come in the form of free bets, enhanced odds, or exclusive promotions.
A bonus tailored for VIP bettors with unique perks and benefits. Perks might include personal account managers, exclusive betting offers, and faster withdrawal options.
What Is the Best Payment Option for Cypriot Players?
When gambling nationally, credit cards are the best option for they are fast and present. When choosing foreign bookmakers, the use of e-wallets is preferred due to their safety and widespread options.
Before you win any winnings from your sports bets, you will first have to deposit money on the site of an online bookmaker in Cyprus. Bettors will have to choose from a whole range of deposit methods that bookmakers offer on their platform. However, faced with this wide choice, it can be difficult to know how to find the method that will suit you best. Here is a quick guide on how to make the right choice by presenting the main means of transactions offered by online bookmakers in the country.
Gambling in general is legal in Cyprus but under many regulations and bans. For example, online casinos, and horse and dog races are illegal, while land-based casinos and bookmakers, as well as online bookmakers, are legal. Some casino games can be legal but under special circumstances.
Gambling is well regulated in Cyprus and gambling online is quite safe, if legal. Gambling at foreign gaming houses is possible as well, but players must choose safe, legal, and licensed houses.
Sports betting is legal in Cyprus, both online and on land, and regulations make it incredibly safe.
Different bookmakers will set different deposit limits and it is recommended to check out that aspect before joining a sports betting site. Be that as it may, all limits are usually within everyone’s possibilities.
Online gambling houses will pay the tax directly therefore players will not have to pay any gambling tax at all (except for lottery winnings).
Depending on a bookmaker and the withdrawal method, it can take from one day to several. With cryptocurrencies and e-wallets, the money should be available 24 hours after the withdrawal has been issued. Credit cards take around 2-3 days while bank transfers take almost a week.
In an ocean of betting sites, declaring a single site as the best one is impossible. Instead, as bettors will have specific tastes, they should go for safe and legal sites that offer services according to such tastes.
Many sports are available, depending on a betting site, most commonly football, basketball, tennis, moto races, volleyball, handball, eSports, etc.
Football is by far the most popular among Cypriots, closely followed by basketball and tennis.
Odds are basically the chances of an outcome represented in decimal numbers. The higher the number, the more unlikely the event will happen. For example, if the odds of APOEL winning at home are 1.2 and the visiting team’s odds are 4.0, APOEL will obviously be the favorite.
Certain bookmakers will offer free bets. These are sometimes hard to find and come with higher betting requirements but always good to claim as they offer free betting.
To claim the welcome bonus, it is necessary to create a betting account with the bookmaker. Upon registration, all the bonuses will be present. Some can be claimed without deposits while others require them. If a promo code must be entered, a quick call to customer support will fix the situation immediately.
The government is placing much emphasis on responsible and safe gambling, therefore there will be many helplines and institutions offering help for those who experience gambling addiction. Players can, for example, visit Safer Gambling, Pharos Gambling Addiction Center, or call helplines such as 1402 or 1422.
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