The pioneers of fencing their markets were the major EU countries: Great Britain, France, Italy, and Spain. Since the end of the 2000s, these countries started to establish their own state bodies that regulate online gambling ac tivities and block access to the market for offshore operators.
Due to the niche position of the online gambling industry, the EU has left regulation at the national level. Therefore, outsiders appeared in the development of their own legislation. For example, the Netherlands adopted the relevant bill only in July 2016, and it is unlikely to enter into force earlier than 2017.
Cyprus is also one of the late adopters of this trend. This island state adopted a law on the regulation of gambling activities in 2012. But due to many factors, the country started to regulate online bookmaking only by the end of 2016. National Betting Authority, formed for this purpose, announced the acceptance of applications for the issuance of licenses to the best Cyprus betting sites from October 3, 2016.
Gambling is very popular among the island’s population. You can find several gambling establishments on almost any main street of the major cities: for example, betting points and halls for playing bingo and keno. Until recently, there was a ban on the casinos in the southern part of Cyprus, which was controlled by the authorities. Fans of this type of leisure had to cross the dividing line and go to one of the many casinos in the northern part of the island, controlled by the Turkish government. However, this ban was lifted in order to attract investors for building an integrated casino resort.
Cyprus is only interested in financially stable license applicants
It is obvious that the high popularity of gambling was one of the factors that made the legislators set a fairly high bar for entering the market. After all, the requirement to form an authorized capital of €500.000, backed by a bank guarantee of €550.000 is an impressive amount for a country with a population of fewer than 1.000.000 inhabitants.
This is also 5—7 times more than in the leading jurisdictions, such as the UK and Malta. The license fees of €30.000 for an annual license and €45.000 for a two—year license are also not low. In addition, it is necessary to take into account the gambling tax of 13% of the gross gaming revenue. 10% of the tax will go directly to the treasury, and the remaining 3% are divided between the funds supporting the sports federations and those preventing and treating the gambling addiction.
Having outlined such high requirements, the regulator sends a clear signal that Cyprus is only interested in the financially stable applicants for the license. It is logical to assume that these are large local operators of land—based bookmaking. Also, the stated requirements will not present any special difficulties for the global leaders in the Internet segment.
So, will Cyprus be able to attract leading operators to licensing in the country and locally repeat the successful experience of another Mediterranean island – Malta? We tend to be cautiously optimistic about this. On the one hand, in addition to the high cost, the license is also limited by the product line. Lawmakers preferred to exclude not only casino games, but also such types of bets as spread betting, horse and dog racing at Cyprus betting sites.
In contrast to the disadvantages, there are several important favorable factors. According to the information received, the Commission has sufficient resources to review correctly executed applications from qualified companies quickly. The most optimistic estimates are made a few weeks before pre—approval is granted, which is noticeably faster than other jurisdictions. Also, the NSC doesn’t require the deployment of full server infrastructure of the operator in Cyprus: only one server is enough to control the regulator.
But perhaps the most important advantage is the geographical and linguistic specificity of Cyprus. The Republic has three official languages— Greek, English, and Turkish. Thus, the Cyprus license can be the best choice for the operators focused on the markets of neighboring countries with the appropriate state languages. From a reputational point of view, Cyprus also has a recognizable position for the audience of the Eastern Mediterranean region.
Top Cyprus betting sites
Like any other type of gambling, betting is a popular entertainment. Bookmakers Cyprus are open all over the island. The most common direction among Cypriots is horse racing. Since 2006, they have been under control of the Nicosia Race Club — the only local horse racing company. And since then, horse racing, as well as sports betting, has become even more accessible.
Check out the list of online betting sites Cyprus that offer high—quality and safe games online. Place bets and choose the most suitable events and odds among the offers of online bookmakers in Cyprus.
Bet365 (Hillside (New Media Cyprus) Limited) would not become the largest online bookmaker, providing low-quality services. But complaints about the bookmaker are received. In some moments Bet365 doesn’t show its best. The main reason for dissatisfaction is the limitation of the maximum bid amount. The algorithms of the bookmaker quickly track down qualified players and immediately cut their limits.
Hillside Sports LP is headquartered in Stoke-on-Trent, England. The activities of the bookmaker are licensed by the gambling commissions of the United Kingdom, Ireland, Denmark, Gibraltar, Italy, Spain, Tasmania, and Malta. Bet365 is a member of the GBGA, GAMCARE, IBAS, Gambling Therapy, GambleAware, Gamblers Anonymous, ESSA, RGA, Australian Wagering Council betting associations.
Bet365 betting site is intuitive and simple. There are 18 languages to choose from. There is an excellent statistics section with a complete set of information from Betradar. There are poker, casino, slots, and bingo.
One of the main advantages of Bet365 is its good selection of video broadcasts. Videos are shown with minimal delay. You can watch matches from any device, and access to the section is open to all users with at least 1 cent on the account.
Lines and coefficients
The Bet365 line is represented by 30 sports – this is one of the best event choices among the best Cyprus betting sites. E-sports, virtual sports, finance, politics, and TV shows are also available.
The list is diverse, represented by a large number of additional bets. The choice of long-term bets with a full set of betting on the results of the competition will not disappoint.
Bet365 is one of the first to offer people a LIVE platform, and by now, has become a leader in real-time betting. The selection of events and action lines is at a high level. The delay in receiving bets is minimal. The odds of popular events are high. Margin ranges from 2% to 10%.
The office operates on its official website, as well as on racetracks. Owners of portable devices can use the mobile version of the main resource, as well as bookmaker applications for iOS and Android operating systems.
The main advantages of the bookmaker are:
- Wide and varied painting;
- High odds on most outcomes;
- Increased limits for betting.
At the moment, there is only one type of bonus at Bet365 – these are accruals of up to 50% for express bets on tennis, basketball, as well as American and Canadian competitions (NBA, NHL, MILB, NFL, CFL). As part of the promotion, it is necessary to bet on expresses consisting of at least two pre-match bets on the main outcomes.
The bonus is up to 50% of the winnings, its maximum value is $ 100,000. The bookmaker also holds promotions in the gambling category, but this rarely happens.
PARI – MATCH
PARI – MATCH is the most respected and largest bookmaker in Europe. It appeared back in 1996, at that time, there were no bets on the Internet, but there was a network of cash desks where people tried to make money on forecasting sporting events. Over time, this network has reached tremendous size.
The bookmaker PARI – MATCH takes a leading position, offering players favorable conditions, high odds, bonuses, promotions, applications. The proposed review will help you to appreciate the bookmaker, turning you into a successful player.
PARI – MATCH was launched in 2000 and allowed players to place bets directly at home. Much later, in 2011, a number of changes occurred on the PARI – MATCH website. Various ways of withdrawing and depositing money make the office one of the most convenient on the Internet on this indicator.
The legal site began its work in 2017. The old version of PARI – MATCH website caused a lot of complaints from users, both in terms of functionality and trustworthiness. The new website has been considerably modernized and refined.
A fully functional and high-quality statistical section has appeared on the website. It is possible to watch live video broadcasts online with a positive balance of the game account. Fans of an active lifestyle got the opportunity to bet with the help of their gadgets. The bookmaker has released its own mobile application for devices running Android and iOS. A mobile version of the site is also available to users.
All the most conventional methods of electronic payments are possible for money deposit/withdrawal methods, as well as numerous types of transfers, payment in terminals, and bank cards.
Line and Live Betting
The set of events and the magnitude of the coefficients in the line of PARI – MATCH is a kind of arithmetic average for the industry in the vastness of Europe.
Here you can find wide lines and exceptional offers on football, hockey championships, and other competitions.
Formally, the line provides the customers of PARI – MATCH bookmaker with the opportunity to set in three modes: regular line, express line, line with additional outcomes.
Recently, the Live Betting section has been redesigned, which is worth noting as a positive moment in the work of the bookmaker.
Betting company PARI – MATCH proposes its clients an exciting bonus program. There is a welcome bonus, the amount of which is 100% of the first deposit. The highest amount that a new gambler can get as a freebet is 100 Euro. The bookmaker arranges other promotions, which can be found on the website.
What Fonbet bookmaker immediately captures with is the line. The company is not in vain among the leaders in the field, as it has one of the most complete and varied lines, especially for popular events. The company has its own analytical department, so they write the line themselves, and also independently calculate the coefficients. They, however, are medium, and the margin is 6-8%. There are many kinds of sports and tournaments, and regional competitions also enter the line.
In the lines of famous football events, there will be not just totals, handicaps, and outcomes, but also the exact score, individual totals, and goals of the teams. Top matches will have original bets on statistics, crossbar hits, corners, score differences, and the like. Hockey and basketball games have lines on dozens of markets, but it all depends on the significance and priority of the event. You can watch popular events in online broadcasts in good quality, and the site also has a separate section with online statistics.
The bookmaker also regularly holds promotions. Some are time-limited and most often take place at betting points in specific cities. They give away cash prizes and valuable gifts.
The Live service of the bookmaker is perhaps one of the best in terms of line. There are many markets, and even in non-top events, there can be up to thirty of them. Odds are not the highest, but this is a conscious position of the office, caused by the reluctance to engage in price wars. The line is wide and varied, especially for popular matches.
Fonbet bookmaker understands the value of every minute, particularly when it comes to bets, especially live bets. The version for Android is better to download from the official site. The application’s functionality differs minimally from the main version – there isn’t just a tote and live chat, and everything works perfectly. Broadcasts, statistics, registration, and other amenities are available to users of smartphones and tablets. The app for iOs can be downloaded from the App Store, and it is compatible with operating systems 7.0 and higher. The interface is practically the same as for Android. However, totes will be available to the customers of Apple products. Separately, on the official website of the bookmaker, you can download the application for macOS.
Criterias to choose your betting site in Cyprus
It is easy to choose a perfect bookmaker for betting. All you need is to adhere to the correct bookmaker evaluation criteria.
Do not try to find the best betting sites in Cyprus, you do not need it — look for the most convenient for you and a universal and reliable bookmaker for them to become a beginner. Moreover, we recommend having several accounts with different bookmakers. Thus, you can choose the best odds, get access to all types of outcomes, have the opportunity to block the bet on another account, and finally, you can get two welcome bonuses (a list of the best bonus offers from bookmakers here) that will immediately help you significantly increase starting bank.
First of all, you need to find out which bookmakers are available on the Internet. The easiest way is to type «bookmakers online» in the search engine; it is also desirable to immediately add the word «best» or «rating.» Don’t limit yourself to one source. Compare the information found on different resources, and don’t forget that reviews can be a puff.
- It is best to start by studying the best bookmakers on reputable resources. In different sources, the ratings differ, but if some offices are in the TOP 10 for different versions, they are worthy of your attention.
- The reviews of the players who have dealt with bookmakers will help you choose the best one. To find the objective reviews, you should visit the thematic forums and look at the bettor communities in social networks. You can ask the experienced players: «What bookmaker would you recommend?» or «What can you say about this bookmaker; is it worth betting?»
- Pay attention to the year of the foundation of the bookmaker and the place of issue of the license. It is considered that licenses obtained in offshore areas are less trustworthy.
- An important point for the players is which bookmaker has the highest odds. You can get the relevant information from the reviews of bookmakers or go to the best Cyprus betting sites rating and compare the coefficients for the same outcomes. High odds are one of the criteria for choosing the best bookmaker.
- The line (a set of events on which bets are accepted) and the action line (the provided options of outcomes) are also important characteristics of the bookmaker. Some players are interested in the widest possible line, others— in a specific sport, so it is impossible to say which bookmaker is the best. There is a live line in almost all online offices, but the number of events covered by it varies.
- Bookmakers don’t advertise the size of the margin, but it is easy to calculate. This indicator should be adequate. Too low margin is shown either by inexperienced bookmakers (and such office can quickly burn out) or by scammers who aren’t going to pay out the winnings.
- Many players wonder which bookmaker gives money when registering. It is best to search for information about current bonuses, promotions, and loyalty programs on the website of the bookmaker itself.
- Evaluate the usability of the site, its interface, design, and availability of Multilanguage version and support, as well as available communication methods and responsiveness. The presence of mirrors and the availability of information about them is important.
- A set of currencies and available ways to deposit and withdraw money is an important aspect when choosing an online office. The speed of application processing is even more important. This information should be learned from the reviews in advance in order not to face the delay of payments.
- Fans of the fork strategy wonder whether the bookmaker doesn’t apply sanctions to forks in the form of cutting limits and delayed payment. Usually, the relevant warnings (if any) are published on the bookmaker’s website.
Sometimes, players ask which bookmakers don’t require a passport. Registering in a solid bookmaker, you need to understand that you will have to pass the verification procedure sooner or later. If not at the time of registration and opening of the deposit, then before the first withdrawal. The set of documents that need to be scanned and sent to the bookmaker varies between the bookmakers and residents of different countries.
As for the minor points, you should pay attention to the presence of online broadcasts, sports predictions, sweepstakes, poker rooms, and mobile versions of the best online betting sites Cyprus.
The appearance of officially licensed Turkish language websites in the EU country may become an attractive factor for the fans of gambling from the large Turkish diaspora in Western Europe. Of course, Cyprus will not be able to issue hundreds of licenses like Malta, but this wasn’t actually planned either. Most likely, the goal of the website is to attract a couple of dozen reliable operators with sufficient liquid capital for a successful launch in the country and region.