TOP Betting Sites in Greece

Created by potrace 1.10, written by Peter Selinger 2001-2011
Last update by Nostrabet.com on : 18 September 2019

Where can we bet securely and which are the leading bookmakers in Greece?

Bet365, Novibet and 22Bet are the top betting sites in Greece. From our table below you will learn more about their welcome bonus amount, percentage of sign up promotion, minimum deposit and odds.

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Amount
Percent
Min. Deposit
Min. Odd
Review
£25
100%
£10
1.70
Get this bonus
18+ T&C apply | begambleaware.org | Play Responsibly
€122
100%
€1
1.40
Get your bonus
18+ T&C apply | begambleaware.org | Play Responsibly

Introduction

Betting has a long tradition in Greece, originating in Greek mythology when the gods drew lots as they split the universe. Since then the pastime has seen peaks and troughs in popularity, corresponding to shifts in the law, and economic crises. Today, gambling is very popular, and punters are increasingly turning to online betting sites to enjoy their time.

Interesting Facts about Betting in Greece

  • Greek mythology is full of gambling references. For example, Zeus, Poseidon, and Hades gambled to see who would receive which part of the universe
  • There are seven legal casinos throughout Greece
  • It is Greek tradition to gamble on New Year’s Eve because otherwise it is believed you will have a bad year
  • Lotteries are the most common form of gambling in Greece
  • In Greece, online gambling is more popular than offline gambling
  • In total, the Greek gambling market is worth over €11 billion
  • The illegal gambling scene in Greece is estimated to be worth over €5 billion annually
  • To gamble in Greece, you must be at least 23, one of the oldest age minimums in the world

Gambling Legislation and Laws

Gambling legislation in Greece all comes under Law 4002/2011. This states that supervision, regulation, and monitoring of gambling is under the jurisdiction of the Hellenic Gaming Commission (HGC).

Gambling is legal in Greece, both online and offline. For offline gambling, punters can only bet inside licensed venues, which is currently limited to the eight casinos in the country. The Greek government treats lotteries and sports betting differently, and this can be done in any OPAP venue. Online gambling is also regulated by Law 4002/2011, which provides licenses to both local and international betting companies.

Top online betting websites in Greece

Since the Greek government opened up their online betting to license international companies, several different sites have grown in the Greek market. Here are some of the best:

The brand Bet365 is predominantly known as an online sports bookmaker. However, they also offer punters many different casino games to bet on as well. They offer a wide range of sports to bet on daily, as well as some of the best-ranked bonuses online. Another one of the benefits of Bet365 is that they offer their services in Greek, making it so much more convenient for punters.

You may be surprised to learn that Novibet is actually a Greek company. Although they offer their services to international punters from a number of different places, there are still some bonuses and promotions specific to their home crowd. They offer both sports betting and casino games, however, their power lies within their casino sector. Because it is a Greek site, they offer a more extensive range of local sports bets compared to other international sites.

The company 22bet markets itself a sports betting site, but it does also have casino games to play and bet on. They have really good odds compared to some other sites, especially when it comes to larger games. This site is offered in a range of languages including Greek, for ease of use by Greek players.

Competition between Operators

The majority of the betting scene in Greece is under the control of a government monopoly. All offline sports betting and lotteries are under the jurisdiction of OPAP, a government organization that has a monopoly over the market. This monopoly was found to be legal in Greek court, due to the fact that this helps to protect Greeks against problem gambling and unsafe companies.

Like many European countries, Greece held a government monopoly over the online gambling market as well. And like so many of these countries, these laws were contested by the European Union, who found it unlawful to limit international companies. As a result of this, the Greek government opened its online market to international betting sites. These sites can apply for licenses to offer their services to the Greek market. However, they are taxed 30%, which many companies believe is too high. As a result, several companies have chosen to leave the Greek market to avoid taxes, strengthening the monopoly as a result.

Bonuses from Greek Bookmakers

Bookmakers provide many different bonuses and promotions to their customers, to encourage new people to sign up and to continue to use the site. Most sites will offer a relatively similar signup bonus, which provides customers with bet credits or deposit matches, valuing anywhere from €30 to €100. Customers can then use these bonus funds to get started with betting on the site.

Bonuses and promotions for existing customers are a lot more varied between different sites, so if customers are interested in bonuses, they should look around to find a site that offers the best promotions for their style of betting. These promotions can be related to a sport or even a specific match, they might provide increased odds on a specific game, or it might give the user free spins on a casino game. These bonuses tend to change semi-regularly, so there is always something new to look for.

As already mentioned, there are also bonuses specific to Greek customers from certain sites such as Novibet. The flipside to this is that there are other sites that slightly restrict their bonuses and promotions, so that Greek residents may not get all of the same opportunities as other international customers.

Betting Features and Options in the Greek Bookmakers

Greek bookmakers are constantly looking to integrate new features into their sites, in order to provide the best betting experience for punters. Some of these features that can be accessed include:

Cash Out
Punters can choose to exit a bet before it has finished. If they choose, bettors can leave the bet based on the odds at that moment, regardless of the final outcome of the event. This allows punters to have greater opportunities to win and not necessarily lose if they can see that their chances are about to shift. Many sites will offer a partial cash-out option, so punters can choose to retain a little bit of the bet, and other sites offer an automatic cash-out option when odds hit a certain, specified point.

Live Betting
Live betting allows punters to continue to place bets even after an event has started. This means that bettors can place bets on constantly-changing odds, and they only need to rely on their knowledge and understanding of the current game, as opposed to game-based statistics from previous events.

Live Casino
Some (but not all) sites offer a live casino service as well. This allows punters to play against other people in real-time as if they were all sitting in a real brick and mortar casino. This is a great way to make online gambling social, and with the broader international sites, there are always other people to play against.

Live Streaming
Live streaming is when a betting site will allow punters to watch the event that they have bet on. This is especially useful for certain games or events that are not televised, and the bettor would not be able to see it otherwise. Most sites require that punters make a minimum bet before they can access live streaming services, but this is often only €1.

Bet Builders
There are a number of different names for this service, but they all essentially mean the same thing. A bet builder allows punters to combine different bets together, and receive better odds for all of the bets. If all of the bets are successful, the punter gets higher winnings than if they had several successful independent bets. Sometimes a site will have pre-made bet builders, other times the punter gets a variety of bets that they can choose to add together, and how many they wish to combine.

Available Payment Methods

 

Greek bookmakers offer a number of different payment methods to punters so that there is a convenient option for everyone. Most sites offer at least a dozen free, immediate ways to deposit and withdraw money, but the most popular include all major bank cards (Visa, Mastercard, Maestro), e-wallets or digital wallets (PayPal, Neteller, Skrill). Some sites also enable users to deposit money using cryptocurrencies, and many sites will also accept bank transfers, although this is often not an instantaneous option. It should be noted that most sites will only accept withdrawals using the same method that money was deposited with.

The deposit and withdrawal minimum is generally €1 for most sites, but punters should research the specific sites that they are interested in, to see if there are different regulations that they should adhere to.

Greece has used the euro (EUR) since it replaced the drachma in 2002. Due to the fact that almost all betting sites accept EUR as a form of currency to bet in, there is no need for punters to exchange their currency when they upload it, they can play immediately, at their convenience.


Mobile Betting in the Greece

Mobile betting is becoming increasingly popular around the globe, and Greece is no exception. Punters love to download betting apps so that they can conveniently bet from wherever they wish, whenever. They are no longer confined to a desktop.

Most reputable betting sites in Greece offer punters a free app to download on either Apple or Android devices. These apps offer all of the benefits of the desktop website but have been redesigned to be used on a smaller, touch screen.

Alternatively, most sites will also offer a mobile version of their desktop site. This does not require downloading and can be accessed from a mobile device. Sites will tailor their content so that it is still functional, but does not require as much data, and is easier to navigate.

Online Casinos

Online casinos are legal in Greece, and punters have a number of different choices when it comes to finding the site that is right for them. Punters can access live casino games, casino games such as poker, and online slots.

Leading sports for betting in Greece

Sports betting is very popular in Greece, and here are the most common sports to bet on:

  • Football
    Football is the most popular sport in the world to play, and as a result of that, one of the most popular to bet on. Greece has its own Super League that most reputable sites will offer betting for, but Greeks can also take part in betting on bigger international games and tournaments.
  • Basketball
    Greece has its own burgeoning basketball league (GBL). Although not as popular or as large as some other countries, it is a source of pride for the Greeks who follow the sport. A number of international sites provide coverage of the GBL, as well as other championships such as the NBA.
  • Tennis
    Tennis is a very popular sport in Greece, and the third most popular sport to bet on in the world. There are a number of successful Greek tennis players on the international circuit, giving punters a patriotic reason to gamble on the sport. As Greek sports stars climb through the ranks, betting on the sport becomes more popular within the country’s betting community.



The Profile of a Greek Bettor

Although Greek punters are still more likely to bet offline than online, the online sector is growing rapidly. Greek bettors are also spending more and more on the pastime, as the country pulls itself out of its economic depression, and people have more disposable income. Due to the limited number of official casinos in the country, bettors are more likely to engage in sports betting offline, because the regulations are less strict, and more venues can offer these services.




FAQ

Is online gambling legal in Greece?

Are there any taxes for Greek players on their winnings?

Can I open an account and play in EUR?

Where can I gamble offline?

How to choose the best betting websites in Greece?

Are there any betting restrictions for players in Greece?

Are bet exchanges legal in Greece?




Our Verdict

Now that Greece is recovering from their financial crisis, people have more disposable income at hand, and gambling is increasing in popularity again. The government has legalized all forms of betting, yet it is heavily regulated compared to other countries. Although this can be seen as beneficial in terms of safety of punters, it can also mean that bettors are limited in terms of where they can physically bet, and what sites they can turn to online.

As it stands, Greeks have a decent online betting market to play through. All forms of gambling are legalized, and they can choose from Greek sites to larger international ones.

The 30% tax that the government imposes on international sites is part of this problem. Although Greece is willingly providing licenses to overseas bookmakers, many are refusing to enter the Greek market, due to these high costs. This is limiting options for customers, but it is also causing many people to turn to sites that are not licensed, betting illegally. This is a billion-dollar problem for the government and only continues to grow. Although there is no current indication, one might hope that they will reduce their levies, to recoup some of these lost earnings, and to widen the market opportunities for punters.

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