Cyprus Betting Sites πŸ†

5 Things to Know About Cyprus Betting

  • The legal gambling age for Cypriots is 18 years old;
  • 75 percent of all Cypriots aged 15 and above participate in one or more forms of gambling;
  • Players’ winnings are not taxed; the only exception is OPAP winnings exceeding € 5,000;
  •  Online gambling is fully regulated; since the establishment of the Betting Law in 2012;
  • Online bookies with a licence pay a 13 percent tax, of which 10 percent goes to the government, 2 percent to sporting bodies, and 1

Population: 1.189.265

Active players: 400.000

Currency: Euro (€)

Regulated gambling products: Fixed-odds sports betting, casino games, lottery

Operator types: Online betting sites, land-based betting shops & casinos, national lottery (operated by OPAP)

Designated authority: National Betting Authority (NBA)

Status: Regulated

Cyprus is an island country in the eastern Mediterranean. Cypriots are voracious gamblers, and the home industry has been quite lucrative since 2012, when the government chose to fully regulate gambling. Potential operators must obtain a licence, and online gambling is legal in Cyprus. It does, however, have some restrictions. Specifically, players who use licenced bookmakers can only bet on fixed-odds games. Exchange betting, horse racing, and greyhound racing are all prohibited within the legal framework. The same is true for online casinos and poker.

Furthermore, any player who wishes to gamble on a local match must do so in conjunction with three additional foreign game selections. All of the foregoing has resulted in an increase in the number of players flocking to offshore bookies. These bookmakers provide a diverse range of daily events in every sport, as well as tempting incentives and the opportunity to play online casino slots and games.

Top 10 Cyprus Betting Sites (2024)

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Sports Welcome Bonus will be credited to your account immediately after your first deposit. Then you should activate the bonus manually. (You should activate the bonus first and then place the bet, otherwise you will not get the bonus).

The minimum required deposit to get the Bonus is 20 €/$ max deposit is 1 500 €/$

You need to wager 15 times the capital and bonus amount On accumulators only with a minimum of 3 items

Each item must have a minimum of 1.3 odds

The max bet amount is 1 000 €/$

If the wagering requirements for the bonus have not been met within 30 days following the acceptance of the bonus, then the bonus amount and its derived winnings will be nullified.

This Bonus cannot be combined with any other promotions. Only one bonus can be active at any one time. This means that you may not have any funds on your bonus balance when claiming a new bonus.

Rolletto reserves the right to alter, terminate or withdraw the promotion at any time at its own discretion.

This promotion is valid in accordance with the Terms and Conditions of Rolletto.

If an unfair/fraudulent action on the part of the user is recorded, the user will automatically be suspended from the promotion without prior notice.

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What You Need To Know About Cyprus Bettingβœ…

Sports betting in the region is legal if you are over the age of 18 and gambling with licenced betting companies in Cyprus. There are plenty to select from, but how do you know which site will provide you with the quality you deserve? Simply follow our instructions and place your bets with any of the sportsbooks listed on this page. The country has a long history of sports betting, and there is no denying that sports including as football, horse racing, and tennis are a part of everyday life in Cyrpus.

  1. Betting through a licenced bookmaker is permitted in Cyprus.
  2. Horse racing and football are the most popular sports for wagering.
  3. The legal gambling age is 18 years old.
  4. Mobile apps are used to place more bets than websites and betting offices.

The method residents choose to gamble is changing, with betting shops in Cyprus, as in much of Europe, declining. Bettors are flocking to regulated and licenced online bookmakers, which allow customers to wager safely with the touch of a mouse. On this website, you can find out more about the betting sites that are legal in Cyprus.

🌍 CountryπŸ‡¨πŸ‡Ύ
πŸ‘Œ LanguageGreek
πŸ’Ά CurrencyEuro / €
⚽ Popular Sports⚽️ / πŸ‘Ÿ / πŸ€ / β›·
πŸ’» Is betting legal?βœ…
🏒 Gaming RegulatorCyprus gaming commission
🧾 Gambling Tax

3%

πŸ’³ Most popular payment methodsMasterCard, Bank Wire, paysafecard, Bitcoin

The Legal Framework for Online Betting in Cyprus ❗

Several international bookmakers welcomed Cypriot players until 2012, when the business was uncontrolled. In 2012, the government passed the first Betting Law, which established basic principles and regulated the domestic internet betting business. The National Betting Authority (NBA), which was established recently, has been awarding licences to new Cyprus betting sites. It has also imposed fines and has been monitoring all legitimate online operators. It also published a blacklist. This includes over 2.500 unlawful internet sportsbooks and casinos.

Licenses are classified into two sorts. Class A refers to land-based betting services, whereas Class B refers to online betting services. Any operator who offers football betting and other sports-related betting products in Cyprus must meet one of two basic conditions. Either to be registered as a corporation with shares in the country’s financial market, or to be physically registered outside of Cyprus and partner with a Cypriot firm. Any licensee can renew their domestic licence once a year or twice every two years. The price is € 30,000 for one year and € 45,000 for two years.

The most recent 2019 law modification restricts Class B licensees from selling exchange betting, greyhound and horse racing betting, and online casino items like as slots and poker. In most cases, violators of the aforementioned laws, as well as any unauthorised operator, risk up to 5 years in prison and a € 300,000 fine. However, the government cannot impose such penalties on offshore online bookies. As a result, an increasing number of players are turning to offshore bookmakers for two important reasons. For starters, they have no restrictions on the betting markets they provide in addition to online casino items. Second, no fines or charges have been levied on players who open an account there.

Cyprus bookies who are licenced βœ”οΈ

Currently, the National Betting Authority has given Class B licences to over ten online companies. Bet365, Parimatch, Stoiximan, Meridianbet, Fonbet, BetonAlfa, Ubet, MegaBet Plus, Winmasters, and OPAP are among them. The majority of them are well-known companies with years of experience. Furthermore, they provide a plethora of features to entice gamers. Nonetheless, they are constrained by present legislation in terms of markets and lack a casino offering. Because online betting is an important part of individuals’ daily lives in Cyprus, and because there are just a few nationally licenced companies, they have largely turned to international bookmakers.

International bookmakers who accept Cypriots 🌍

Aside from the aforementioned betting sites that Cyprus NBA has licenced, there are a plethora of worldwide companies that allow Cypriots. Despite the fact that there is an active blacklist comprising several domains of unregistered operators, no harsh penalties are taken against players who choose to wager on them. They provide a full sportsbook offering as well as a casino. Aside from that, they are exempt from the domestic 13 percent tax. As a result, when compared to local Cyprus bookmakers, they give infinite bonuses. Furthermore, participants are entitled to keep the entire sum of their winnings.

Important information for Cypriot bettors πŸ“’

From the perspective of the players, the Cyprus betting environment is simple. All Cypriots above the age of 18 are eligible to open an account. They can do so on either regulated internet bookies or international ones. In most cases, accessing illegal online betting sites is prohibited in Cyprus. Over 2.500 domains have been blacklisted by the NBA. There are, however, no significant risks for bettors who use these services.

Furthermore, due to a high number of recorded manipulated matches in various Cypriot events, the NBA implemented a new rule. The rule specifies that any wager on a local game must be paired with three other bets on foreign sports; this is known as the “3+1” rule. This development has displeased bettors. However, because the government does not tax their earnings from sports betting, this is not regarded a serious impediment. The same is true for online bookmakers.

How to Make a Deposit at a Cyprus Betting Site πŸ“₯

In Cyprus, betting companies provide a variety of payment ways for players to fund their accounts. Cypriots massively favour traditional bank transfer and debit card payment methods as the most widely utilised payment methods. E-wallets such as Skrill, Neteller, and Paysafe are popular options. They can guarantee prompt payment. Typically, all transactions are processed within 24 hours and with minimal expenses. Last but not least, regulated bookies accept a variety of local payments. Among these are the e-wallets OKTOpay and Blueberry.

BETTING ON THE GO πŸš€

Cyprus betting businesses provide their consumers with a mobile app or mobile website that allows them to wager at home or on the go. Turn ordinary events into opportunities to bet on your favourite sports, such as football and horse racing.

Choose one of the mobile betting applications listed below, and you’ll always have a chance to win.

The top applications on this list are safe, dependable, and easy to use. The most popular sporting events are displayed on the homepage, making them easily accessible. With a simple click, you may wager on football or horse racing. Cyprus online betting is quick, fun, and thrilling. You have total control over what you bet on, when you wager, and where you bet. You can bet from anywhere in the region if you have a good Wi-Fi connection.

Check out the mobile apps provided by the best online betting sites listed below.

Conclusion – Cyprus Betting Sites βš–οΈ

The Cypriot government has updated the 2012 Betting Law, with minor amendments taking effect. The 13 percent tax rate that all licenced betting sites in Cyprus must pay, on the other hand, remained unchanged. As a result, despite the island’s relatively tiny population, this remains a barrier factor for many respectable brands considering asking for a domestic licence. Furthermore, due to the limited betting markets and the restriction of internet casinos on local brands, Cypriot gamblers were obliged to turn to unlicensed bookmakers. Given the government’s stance on online gambling, things are unlikely to change very soon.

FAQ

Q: Is it legal to bet online in Cyprus?

Since 2012, online betting in Cyprus has been allowed and regulated. Players can select between licenced bookmakers and multinational firms that accept Cypriots. Online casinos, on the other hand, are illegal, and players can only access them through international operators.

Q: Do you pay taxes on your earnings from sports betting?

The online betting scene in Cyprus is welcoming to all players. There are no taxes on your gains whether you play on local or offshore bookmakers.

Q: What is the minimum age to gamble online?

In Cyprus, the legal gambling age for all players is 18 years old, both in licenced land-based shops and online sportsbooks.

Q: Can I place online bets on the Cypriot First Division?

The domestic First Division is simply accessible on the greatest betting sites Cyprus has to offer. If you’ve been betting at licenced bookmakers, keep in mind that any wager on a local game must be paired with three other bets on foreign sports (3+1). This restriction does not apply to offshore sportsbooks, where you can bet as much as you want.

Q: Who oversees online gambling in Cyprus?

The domestic regulator, the National Betting Authority (NBA), is in charge of supervising all businesses, issuing licences, administering fines, and blacklisting unregistered bookies.

Q: Can I access Bet365 from Cyprus?

Bet365 cy is one of the top betting sites in Cyprus, and it operates under a local licence. It has over 20 different sports to wager on. The odds are quite competitive, and there is a plethora of incentives available to both new and old players.

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Karina Peterson
More than 15 years in the gambling industry, working for the big players in the affiliation market. I won't name them, you know them. Also I enjoy seeing a new project taking life and expanding like this one.