Allbets.tv Greece: everything about sports betting

History of online betting in Greece

The country's experience with convoluted regulations and a sluggish sector influenced online betting history in Greece.

The primary state-run betting monopoly in Greece before the development of the Internet was the Greek Organisation of Football Prognostics or OPAP. 1958 saw its establishment. Sports betting was one of the primary forms of gambling that OPAP controlled until the early 2000s.

With the advent of the internet, Greece's betting landscape began to change. Initially, the Greek government hesitated to embrace online betting, leading to a restrictive regime. In 2002, the government attempted to liberalize the market but faced challenges balancing state control with EU directives advocating for free market competition.

The fundamental shift came in 2011 when Greece passed a law to regulate online gambling. However, this law imposed high tax rates and stringent regulations, which led to criticism and legal challenges from operators and the EU.

Today, Greece has a more open online betting market, though it still operates under tight regulations. The state monopoly has loosened, allowing licensed domestic and foreign operators to offer sports betting services.

The online betting scene now includes a variety of sportsbooks, catering to the growing demand among Greek bettors for diverse and accessible online betting options.

The Future of Online Betting in Greece

Greece's internet gambling market is following EU standards and is growing more competitive and liberalized. This is attracting more international operators and offering more options for betting.

By providing players with more convenience and faster involvement, technological advancements, especially in live streaming and mobile betting, have the potential to change the betting experience.

Stricter regulations for player safety likely arise from an increased focus on ethical gaming. Betting markets are diversifying beyond traditional sports to include virtual and esports competitions.

E-wallets and other cutting-edge payment methods like cryptocurrencies will accelerate transactions while improving efficiency and security. This shift reflects enhanced safety, technical sophistication, and user-centeredness in Greece's betting landscape.

Responsible Play in Sports Betting in Greece

Online sports bettors in Greece are highly advised to keep their online betting safe and play at a site that the government regulates. Bettors are also advised to make online betting a playground for them and avoid making betting a do-or-die affair, thus getting addicted and thereby harming themselves. Online sports bettors must practice responsible gaming practices at all times.

A multitude of Greek regulations and organizations support the idea of responsible gaming. Essential strategies include establishing betting limits, providing self-exclusion programs, and disseminating information to assist individuals in understanding the risks associated with gambling.

The Greek government and regulatory bodies also impose strict regulations on bookies, mandating that they include responsible gambling principles in their operations.

Several prominent institutions, such as the Therapy Centre for Dependent Individuals (KETHEA), provide support and therapy for gambling addiction. KETHEA includes counseling, therapy, and rehabilitation services to help individuals overcome their addiction to gambling in addition to promoting recovery and overall well-being.

Furthermore, Greek online betting companies are often required to give links to organizations and services so that those in need of aid with a gambling addiction may readily acquire it.