Sports Betting Online in Cyprus 2024

If you are in Cyprus, and you need a bookmaker you can trust your money with, then you are in the right place. In this complete guide, you’ll discover everything you need to know about online betting in Cyprus. You’ll also get to know what top Cyprus betting sites have to offer for their customers.

Cyprus, an island in Europe, has a ton of bettors. Ever since the government regulated gambling in 2012, betting has been very prosperous for the government, operators, and punters.

List of Best Bookmakers in Cyprus

Rank Bookmaker Rating Bonus Get bonus
1
4.5/5
Bonus: 100% welcome bonus up to €100
PlayRead review
2
4.5/5
Bonus: 100% welcome bonus up to €122
PlayRead review
3
4.5/5
Bonus: Welcome Bonus up to 100 EUR
PlayRead review
4
4.5/5
Bonus: 100% WELCOME BONUS UP TO 100 EUR
PlayRead review
5
4.3/5
Bonus: 100% welcome bonus up to €1,000
PlayRead review

Sports Betting in Cyprus: The Ultimate Guide 

Before going further on the top sports betting sites in Cyprus, you will learn about the history of betting in Cyprus. Therefore, we’ve compiled a list of legit bookmakers worth your money and time. You will also discover the most popular sports Cyprus punters do bet on, the promotional offers by these bookies, and the payment options available.

 

History of online betting in Cyprus

Let’s throw it back to when Cyprus gained Independence from Great Britain in 1960, when the first national lottery was established in the country. However, the first time sports betting started was in 2012. The Cyprus authorities introduced a Betting Law in 2012, which led to the creation of the National Betting Authority (NBA).

The National Betting Authority's purpose is to oversee the operation of gambling activities in Cyprus. Nevertheless, traditional betting agencies are more supervised than online betting brands.

In 2019, the Betting Law of 2012 went through an amendment in Cyprus, initiating additional details to the legislation and incorporating minor changes. Under this law, Cyprus offers two primary licenses to sports betting companies: Class A and Class B. The Class A license is meant for land-based platforms, while the Class B license is for various online betting brands.

How is online betting regulated in Cyprus?

Until 2012, Cypriot players engaged with various international bookmakers in an unregulated market. The government introduced the Betting Law of 2012, establishing rules and regulating the domestic online betting market. The National Betting Authority (NBA), founded later on, issues licenses to new Cyprus betting sites, monitors operators, and maintains a blacklist of over 2,500 unlicensed domains.

The licenses, Class A for land-based and Class B for online services, come with some requirements. Operators must be registered under a company with shares in Cyprus's financial market or be physically registered abroad while partnering with a Cypriot company, especially for football and sports-related betting.

License renewal, occurring yearly or biennially, involves fees of €30,000 or €45,000, respectively. The 2019 amendment prohibits Class B licensees from offering certain betting products, such as exchange betting, greyhound and horse racing betting.

Violations lead to penalties, including imprisonment and fines, but the government faces challenges in enforcing these on offshore bookmakers. Consequently, many players prefer offshore bookies due to broader betting markets, and a perceived absence of fines or prosecutions for opening accounts with them.

🌍 Country

Cyprus

👌 Language

Greek and Turkish

💲 Currency

Euro (EUR)

⚽ Popular Sports

Baseball, American football, soccer, boxing

⚖️ Is Betting Legal

Yes, gambling is legal in Cyprus but it is highly regulated to filter out illegal operators.

🏢 Regulator

The National Betting Authority (NBA)

🧾 Gambling Taxes

Bookmakers have to pay 13%

💳 Most Popular Payment Methods

Bank Transfer, Bitcoin, Mastercard, and PaySafeCard.

What do we take into account when picking the best bookmaker in Cyprus?

Before including any platform in our review, we carefully inspect each one to help users choose the best betting sites in Cyprus. Every website inevitably has pros and cons, thus even though we focus on the positive aspects, we never neglect to evaluate each platform fairly.

  • Odds

    We prioritize odds and bookmakers' margins, crucial aspects of any sports betting site. Seeking the most profitable numbers is paramount, especially for live matches and major tournaments. We focus on bookmakers in Cyprus offering strong odds compared to competitors.

    Odds icon
  • Mobile Compatibility

    Most top betting sites in Cyprus provide official mobile applications for iPhones and Android devices, reflecting the trend of mobile betting. We assess the mobile compatibility of each sportsbook to ensure accessibility for users on the go.

    Mobile User Interface icon
  • Available Payment Options

    While virtual currencies like bitcoin are restricted, there are various payment methods for online betting in Cyprus. Bookmakers should offer legit payment options, including credit/debit cards and e-wallets, catering to the diverse preferences of bettors.

    payment methods icon
  • Bonuses and Promotions

    Our review includes an evaluation of the scope of bonuses and promotions offered by bookmakers. From welcome gifts to deposit bonuses, free bets, cashback, and VIP memberships, we examine the conditions and wagering requirements associated with each bonus.

    Bonuses
  • Bet Types

    A wide selection of betting markets and bet types enhance the betting experience. We look for bookmakers in Cyprus that offer a diverse range of bet types for both popular and niche sports, catering to different preferences.

    Sport betting icon
  • Support Work Quality

    Effective communication channels are vital for addressing user issues. A reputable sportsbook must provide 24/7 live chat, email support, and a phone number. Additional points are given to bookmakers with active social media pages for regular updates.

    support icon
  • Trustworthiness

    Legitimacy is crucial, requiring a valid sportsbook to hold relevant licenses. Having multiple licenses adds credibility. User reviews are also considered to ensure the bookmaker's reliability, contributing to our assessment of trustworthiness.

     

    license icon

How to bet online in Cyprus

Once you've chosen the sportsbook you fancy, the next step is creating your account – a quick and hassle-free process. It'll only take a few minutes and involves just a handful of steps, getting you ready to place your very first bet in no time:

  • Choose Your Sportsbook
    step 1

    Visit the sportsbook of your choice and locate the "Sign Up" or "Register" button.

  • Initiate the Registration Process
    step 2

    Begin the registration by providing the necessary details, such as your username, password, email address, date of birth, and residence.

  • Complete Registration and Verification
    step 3

    Finish the registration process and verify your account by clicking the link to your email.

  • Deposit Funds
    step 4

    Go to the banking section, choose your preferred payment method, and make your initial deposit. Check for any available deposit bonuses for new users and claim them before completing the deposit.

  • Check out the Available Betting Markets
    step 5

    Once your account is funded, navigate the sportsbook's available betting markets. Check the odds and select the match or event you want to bet on.

  • Place Your Bet
    step 6

    Decide the amount you want to bet, add the selection to your bet slip, and confirm the bet. Be aware of live betting or in-play options if you want to place bets during the game.

  • KYC Verification
    step 7

    Complete the Know Your Customer (KYC) verification as soon as possible to avoid withdrawal delays. KYC verification may take up to a week, so initiating it early is advisable.

  • Withdraw Winnings
    step 8

    Once your bet is settled and you have winnings, scroll to the withdrawal section. Choose your preferred withdrawal method and follow the instructions to cash your winnings.

Top 5 best online betting sites in Cyprus

Ready to start an online betting in Cyprus? Check out our review of the best and most trusted sportsbooks in the country. Take a look at each platform's brief description and website layout to find the perfect bookie for your betting experience. It's time to make your move and place that first wager on a sports match!

#1 PariMatch

PariMatch Sport Betting Cyprus, allbets.tv

Whether you're just starting out or already know your way around, Parimatch has a bunch of cool extras for you. Get welcome bonuses and jump into a loyalty program once you've signed up and started playing. Just like any other betting site, Parimatch gives odds for each market, showing how likely a specific outcome is.

Bonus

Requirements

Minimum Deposit

Method of Deposit

Processing Time

€30 Free Bet + 100% Bonus First Deposit

You need to be verified before accessing the free bet bonus

€10

eWallets, Bitcoin, Bank Transfer, and credit/debit cards

Instant

Pluses
  • You can cash out on live matches.
  • There's a live betting feature.
  • PariMatch also offers mobile app betting.
  • You can stream live matches.
  • Mouthwatering promotional offers.
Minuses
  • Access to the bonus page requires registration.
  • The selection of parlays is relatively limited.

 

#2 Bet365

bet365 live betting

If you're after a top-notch betting site with a solid record, a legit gaming license, and a wide range of markets and betting options, Bet365 is a smart pick. As one of the major players in the global betting industry, it proudly flaunts its reputation. With 24/7 support and an extensive Help section on the website, they've got you covered whether you prefer a chat or self-help.

Bonus

Requirements

Minimum Deposit

Method of Deposit

Processing Time

Up to €50 in Bet Credits

You must turn it over five times

€5

Bank Transfer, eWallets, and credit/debit cards

Instant

Pluses
  • Extensive league betting options
  • Enjoy live streaming with this reliable sportsbook
  • Take advantage of Bet365 user-friendly mobile app, available on both iOS and Android
  • They offer both partial and automatic in-play cash-out options
  • Automatic in-play cash-out options
Minuses
  • The odds are just average
  • The desktop platform can be a bit inconvenient

 

#3 MeridianBet

Meridianbet stepped onto the industry back in 2008, making them experienced players in the online bookie game. They've got the experience to earn your trust. Impressively, new players are welcomed with a 100% bonus. The odds offered to members are quite appealing, especially for English Premier League football betting, where Meridianbet excel the most.

Bonus

Requirements

Minimum Deposit

Method of Deposit

Processing Time

100% Welcome Bonus

You must bet on a sportsbook market with odds of over 2.0

€2

eWallets, and credit/debit cards

Instant

Pluses
  • For existing customers, there are ongoing promotions.
  • Instantly fund your betting account with various cards and e-wallet choices.
  • Huge football betting markets.
  • Enjoy a no-stress mobile app that stands among the industry leaders.
  • New customers registering today get a generous welcome bonus.
Minuses
  • No Cons

 

#4 N1Bet

 

N1Bet Sport Betting Cyprus, allbets.tv

N1Bet.com have over 40 sports, covering everything from football and basketball to winter sports and badminton, boasting an impressive overall payout of 94%. N1Bet doesn't just focus on betting; its user-friendly website adapts seamlessly to smartphones, although a mobile app is not available yet. And for any inquiries, their 24/7 Customer Support is just a message away.

Bonus

Requirements

Minimum Deposit

Deposit Methods

Processing Time

300% N1Bet Bonus in Free Bets up to €5,000

You must place a bet worth over €10 on over 1.50 odds before receiving the bonus.

€20

Bitcoin, eWallets, and credit/debit cards

Instant

Pluses
  • Explore various eSports options.
  • Benefit from high odds on secondary bets.
  • Access to 24/7 customer support for assistance around the clock.
  • Transact with both crypto and fiat currencies.
  • Enjoy full cash-out flexibility.
Minuses
  • Requires a minimum deposit of €20.
  • There is no mobile app available.
  • Bet acceptance can be slow.
  • Withdrawal limit is very low.

 

#5 CampeonBet

CampeonBet Sport Betting Cyprus, allbets.tv

Since its establishment in 2017, Campeon has become popular in Cyprus. It's quite uncommon for a relatively new betting site to provide a variety of betting markets and events regularly. While Cash Out is available in major sports until late minutes, it's limited to Full Cash Out, lacking Auto and Partial options. Live Streaming is offered, but mainly for minor sports such as eSports and Table Tennis.

Bonus

Requirements

Minimum Deposit

Method of Deposit

Processing Time

150% Bonus up to €150

You must place a bet worth over €10 on over 2.50 odds before receiving the bonus.

€10

Bank Transfer, Bitcoin, eWallets, and credit/debit cards

Instant

Pluses
  • You can use the website using different languages.
  • Discover various handicap options in Tennis.
  • There's an option for cryptocurrency payment.
  • Enjoy numerous promotional offers.
  • Use different payment methods like Trustly, Boleto, and Interac.
  • You can also choose from many local currencies.
Minuses
  • Withdrawals above €/$1,000 incur charges.
  • Customer Support isn't accessible 24/7.
  • Winning limit is very low.

New Betting Sites in Cyprus February 2024

Ever since the Cyprus government give online betting platforms a go-ahead, there has been an influx of new betting brands in the country. Many world class betting agencies want to tap from this fresh market.

After an in-depth research, we've come up with a list of new betting sites that are making waves in Cyprus. Here they are:

  • PariMatch: PariMatch, in operation since 1996 and online since 2000, offers punters a diverse selection of over 25 sports for betting, ensures swift withdrawals within one business day, and provides some of the most competitive odds in the market.
  • Bet365: Choosing Bet365 as your bookmaker in Cyprus comes with excellent features: swift withdrawals, a wide range of over 45 sports, numerous additional bets on top leagues, and generous payouts, especially on popular sports like tennis, favored by Cypriot punters.
  • MeridianBet: The third entry on our list is MeridianBet, an established bookmaker that joined the sports betting scene in 2008. This bookie provides favorable odds for both popular and secondary events, enhanced odds on selected live matches, and a feature-rich interface with live schedules and regularly updated scoreboards.
  • N1BET: Until recently, the SoftSwiss platform, also the owner of N1 brands, primarily concentrated on the casino and payment sectors. Despite the newness of the sportsbook, it comes with specific advantages and disadvantages that you should be aware of.
  • CampeonBet: It's very rare for a recently established betting site to offer a wide range of betting markets and events. The localization is impressive, featuring multiple languages and offering local payment methods and currencies for Cypriot punters to bet conveniently.

How popular is mobile betting in Cyprus?

Mobile betting has gained solid ground in the Cyprus betting industry without beating around the bush. Most punters who use smartphones prefer betting on mobile apps due to the ease and comfort that comes with it.

Many popular online betting brands have launched mobile apps to serve their customers better. This is not only about offering user-friendly services, but also meeting up with modern standards.

 

Best sports betting apps in Cyprus

We've highlighted the popularity of mobile betting, and guess what? In Cyprus, you can easily place your bets using just your phone! Check out our list below for the top betting apps catering to Cypriot sports enthusiasts.

#1 PariMatch

No fancy intros needed for Parimatch. PariMatch, around since 1996 and officially online since 2000, is both widespread and widely trusted. With its impressive record in the sports betting scene, it's no surprise that Parimatch has released its official mobile apps for both Android and iOS devices.

#2 Bet365

Adding to our list of bookmakers with the best mobile apps is Bet365. Their official Android and iOS applications offer a vast selection of over 45 sports to bet on, along with features like partial and auto cashout options, and Bet Builder & Edit Bet.

#3 MeridianBet

MeridianBet offers official apps for Android and iOS platforms, available for download on the 'Mobile Applications' page. Once installed, you can now place a across the full variety of sports while also keeping you in line with live match schedules and scoreboards through the MeridianBet Fixture.

How to Deposit at Cyprus Betting Sites

When you need to deposit in Cyprus sports betting sites, you have a choice with a variety of payment methods. Do your transactions to your preferences for fast and hassle-free deposits and withdrawals with your preferred bookie. Below, we list the most popular payment options among Cypriot punters.

  • https://apostasdesportivas.tv/casas-de-apostas/us-open-2023/
    Skrill
  • paypal
    PayPal
  • Betting sites with bitcoin
    Bitcoin
  • visa and mastercard logo
    Visa or Mastercard

Skrill: Skrill, previously known as Moneybookers, was established in June 2001. Operating in 131 countries and supporting 40 currencies, it provides fast and secure mobile phone payments.

PayPal: PayPal still remain the world's most popular digital wallets, and fortunately, it's allowed for sports betting in Cyprus. Once you set up your personal PayPal account, linking it to your bank account or credit/debit card allows you to easily deposit funds on sportsbooks using your email and password only.

Bitcoin: Unfortunately, virtual currencies, including bitcoin, are prohibited for both gambling and online sports betting in Cyprus. Consequently, topping up your sportsbook account with any cryptocurrencies is not an option.

Visa or Mastercard: Betting with your Visa or Mastercard remains a top choice in Cyprus, preferred by many punters for its tight security. The payment process involves no third parties; it's a simple transfer of funds from your bank account to your bet account.

Payment Options

Deposit Time

Withdrawal Time

Deposit Limits

Withdrawal Limits

Cryptocurrency

Instant

Up to 1 hour

€10,000

€20,000

PayPal

Instant

Instant

€8,000

€8,000

Skrill

Instant

Instant

€35,000

€35,000

Bank Transfer

Up to 2-10 days

Within 24 hours

€150,000

N/A

Visa

Instant

Up to 1-3 days

€40,000

€30,000

Mastercard

Instant

Up to 1-3 days

€40,000

€30,000

Maestro

Instant

Up to 1-3 days

€40,000

€30,000

The Future of Online Betting in Cyprus

The Cypriot government made some changes to the Betting Law of 2012, but the 13% tax rate for licensed betting sites remains unchanged. This might discourage well-known brands from seeking a local license, especially given the small population on the island.

With restricted betting options and a ban on local online casinos, Cypriot bettors are pushed towards unlicensed bookies. It seems the government's stance on online gambling is unlikely to shift anytime soon.

 

Responsible Play in Sports Betting in Cyprus

As you are about to place a bet, always keep in mind that betting is not 100% guaranteed. We advise you to bet responsibly for your own good. Mind how you stake with your hard-earned money.

When engaging in online financial transactions, especially on betting sites in Cyprus, it's crucial to prioritize safety. Regardless of how appealing a site may seem, ensuring it's safe, secure, and licensed is paramount.

Protecting your financial information and ensuring a trustworthy platform should always be a top priority when participating in online betting.

Betting in Cyprus: Conclusion

Betting in Cyprus offers a diverse and enjoyable experience with numerous top-quality bookmakers. If you need a specific feature or betting convenience, the variety of reputable options ensures there's something for everyone.

Our foolproof list of the best sportsbooks in Cyprus simplifies the decision-making process, highlighting the strengths of each, making it easier for every punter to find a site that meets their needs.

  • Parimatch: Home of the Best Live Betting odds 🏆
  • Bet365: Top-ranked Mobile Betting Site 📱
  • MeridianBet: Impressive live-streaming services
  • N1Bet: Thrilling Esports betting features 🎮
  • Campeonbet: Juicy Exclusive sports bonuses 🎁

Team Members

  • CEO Martins Lasmanis
    Martins Lasmanis
    CEO
    With more than 10 years of experience in online marketing, and special focus on the gambling affiliation sector over 5 years, Martin Lasmanis is a true expert in his niche. Today, Martin's vision is to build the largest lead generator company in the world. Fortunately, we have the perfect team to make his dream come true!
  • SEO Vitalii Shkura
    Vitalii Shkura
    Head of SEO
    He has more than 7 years of experience in promoting sites in the gambling niche. His main specialization is SEO - getting leads from search engines. He likes to bet on European and World Football Championships.
  • Head of Affiliates - Arturs Korolkovs
    Arturs Korolkovs
    Head of Affiliates
    Marketing specialist with 3 years of experience in affiliate and social media marketing in the iGaming industry. His deep understanding of the industry and a proven track record of driving growth make him an important "player" on the team.
  • CM Joy Castillo
    Joy Castillo
    Head of Content
    With more than five years of experience in content and on-page SEO, Joy Castillo is passionate about sports, games, and reading. He's constantly looking for straight and creative ways to deliver users the information they need.
  • CM Ana Reyes
    Ana Reyes
    Content Manager
    Web content manager with 2 years of experience in the gambling niche. Her knowledge in the field ensures all necessary content is included on our sites and is laid out in a way that meets our readers needs.
FAQ. Frequently Asked Questions
Author
Jarin Ahmed
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
Article rating
4/5
1 vote
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