The OPAP sportsbook in Cyprus — locally licensed, cash out, Bet Builder and live streaming
Visit allwynbet →allwynbet welcome bonus in Cyprus
Here is the current allwynbet welcome offer for players in Cyprus, where allwynbet is licensed to operate. Bonus terms change and are set by allwynbet for each market — always confirm the live offer on its own site. See every licensed betting site in Cyprus →
Pros
- Verified on the Cyprus National Betting Authority Class B register, licence valid to 31/12/2026
- Run by OPAP Sports Ltd, a wholly owned subsidiary of the listed incumbent OPAP S.A.
- Full modern toolkit: cash out, Bet Builder, Bet Builder Live, live streaming, enhanced odds
- Low €5 minimum deposit and a €10 free bet just for verifying your account
- Dedicated mobile app rather than a wrapped website
Cons
- Cyprus only — no use to you anywhere else
- Neteller and Skrill deposits are excluded from the welcome offer
- No published withdrawal timeframes
- Market breadth is good for a domestic book but below the global giants
- No cryptocurrency payments
Our verdict
allwynbet is the online sportsbook of OPAP in Cyprus, and that is the whole case for it. The licensee, OPAP Sports Ltd, sits on the National Betting Authority's Class B register with a licence valid to the end of 2026, and it is a wholly owned subsidiary of OPAP S.A. — the incumbent, listed operator across Greece and Cyprus. For a Cypriot punter that means local regulation, a local company and somewhere real to complain, which matters more than an extra tenth on the odds. The product backs it up: cash out, Bet Builder, live streaming, enhanced odds and a proper iOS app rather than a wrapped website. The welcome offer is accessible — 100% up to €150 on a €5 minimum, plus a €10 free bet simply for verifying your account — though note that Neteller and Skrill deposits are excluded from it. The limits are what you would expect from a domestic book: market breadth is good rather than world-class, and the operator is vague about withdrawal times. If you are in Cyprus and want a locally licensed book with a real product, this is a straightforward pick. It serves Cyprus only.
How we rated it
Trust & licensing (20%)8.5
About as solid as a Cyprus licence gets: OPAP Sports Ltd appears on the National Betting Authority Class B online register with a licence running 01/01/2025 to 31/12/2026, and the licensee is a wholly owned subsidiary of OPAP S.A., the listed incumbent operator in Greece and Cyprus. Local regulator, local company, local recourse.
Sportsbook & odds (25%)8
A full modern book for a small market: football, basketball, tennis, cricket, Formula 1 and eSports, with cash out on pre-match and live, Bet Builder and Bet Builder Live, live streaming and enhanced odds. Deep enough for a Cypriot punter, though it is not trying to match the market breadth of a global giant.
Mobile & apps (10%)8
A dedicated iOS app published by OPAP Sports Ltd, carrying cash out, live streaming, Bet Builder and real-time statistics rather than being a thin wrapper around the website.
Bonuses & value (15%)7
The 100% up to €150 opener with only a €5 minimum deposit is accessible, and the €10 free bet for verifying your account is a fair nudge to complete KYC early. Ongoing value is decent — 0-0 Moneyback, accumulator boosts, reload and loyalty bonuses — but Neteller and Skrill deposits are excluded from the welcome offer.
Payments & payouts (20%)7
Local Cypriot banking with cards and Revolut, and a low €5 minimum deposit. Marked down because e-wallets are excluded from the welcome offer and the operator does not publish clear headline withdrawal timeframes.
Support (10%)7
Local Cyprus-facing support in Greek and English, backed by a retail network. Competent, without the 24/7 multi-channel depth of the largest international books.
Quick facts
| Licensee | OPAP Sports Ltd, trading as ALLWYNBET |
| Licence | Cyprus National Betting Authority, Class B (online), valid 01/01/2025–31/12/2026 |
| Owner | 100% subsidiary of OPAP S.A. (Allwyn group) |
| Market | Cyprus only |
| Type | Sportsbook (the group also holds a Class A land-based licence) |
| Welcome offer | 100% first deposit up to €150 + €10 free bet on account verification |
How we verified this
Licence class, licensee name and validity dates come from the Cyprus National Betting Authority public register, not from the operator. Group ownership is taken from Allwyn's own corporate site. App features are read from the App Store listing.
Where allwynbet is licensed
allwynbet appears on the official register in 1 countries. Highlighted countries have a full local review — pick yours for its welcome bonus and licence details.
Europe (1)
About allwynbet
OPAP is the incumbent gambling operator of Greece and Cyprus, founded in 1958 and now part of the Allwyn group, one of the largest lottery and betting operators in Europe. In Cyprus the group holds an exclusive licence for numerical lotteries and a market-leading position in sports betting, both in shops and online. allwynbet is the trading name of that online sportsbook: it is run by OPAP Sports Ltd, a Cypriot company wholly owned by OPAP S.A., which holds both a Class A land-based and a Class B online licence from the National Betting Authority of the Republic of Cyprus.
allwynbet FAQ
Is allwynbet legal and safe in Cyprus?
Yes. The licensee, OPAP Sports Ltd trading as ALLWYNBET, appears on the National Betting Authority's Class B (online) public register with a licence valid from 01/01/2025 to 31/12/2026. It is a wholly owned Cypriot subsidiary of OPAP S.A., the listed incumbent operator, so you are dealing with a locally regulated, locally incorporated company.
What is the allwynbet welcome bonus?
A 100% match on your first deposit up to €150, with a minimum deposit of €5, plus a €10 free bet once you verify your account. Deposits made with Neteller or Skrill do not qualify for the offer.
Is allwynbet the same as OPAP?
It is OPAP's online sportsbook in Cyprus. The site is run by OPAP Sports Ltd, a 100% subsidiary of OPAP S.A., which is part of the Allwyn group — hence the allwynbet name. The same group also holds the Class A land-based betting licence in Cyprus.
Does allwynbet have an app?
Yes, there is a dedicated allwynbet app published by OPAP Sports Ltd, including cash out on pre-game and live events, live streaming, Bet Builder and real-time statistics.
Can I use allwynbet outside Cyprus?
No. The licence is issued by the Cyprus National Betting Authority and the site serves the Cypriot market only.