A family-owned Bulgarian betting giant since 1990, now spanning Bulgaria, Romania and Greece, with a polarized withdrawal record
Visit Efbet →Efbet welcome bonus in Romania
Here is the current Efbet welcome offer for players in Romania, where Efbet is licensed to operate. Bonus terms change and are set by Efbet for each market — always confirm the live offer on its own site. See every licensed betting site in Romania →
Pros
- One of Bulgaria's largest, longest-running local betting operators (since 1990)
- Genuine local licences in Bulgaria (NRA) and Romania (ONJN)
- Sizeable, clearly-structured welcome packages across all three markets
- Some players report very fast (under 1 hour) withdrawals
Cons
- Real, recurring pattern of complaints about escalating document demands specifically once a player wins
- At least one unresolved Greek account-access dispute reported after a win
- Some reports of no response from live chat or email during disputes
- No top-tier (UKGC/MGA) licence — local Balkan/SE European licensing only
Our verdict
Efbet is one of Bulgaria's largest and longest-running betting operators, tracing back to a family business founded in 1990 and formalized as today's efbet by Tzvetomir Naydenov in Malta during 2003-2004. It holds genuine local licences in Bulgaria (NRA) and Romania (ONJN, since 2023), and is also active in Greece, offering sizeable, clearly-structured welcome packages across all three markets. The trust picture is genuinely polarized: some players report withdrawals processed within an hour, while there's a real, recurring pattern of complaints describing escalating document demands specifically once a player starts winning, plus at least one unresolved Greek account-access dispute following a win. If you're in Bulgaria, Romania or Greece, Efbet is a long-established, locally-licensed operator — just be prepared for potential friction if you win a meaningful amount, and keep documentation ready from the start.
How we rated it
Sportsbook & odds (25%)7.3
One of Bulgaria's largest, longest-running sportsbooks (since 1990), with a substantial local market presence and expansion into Romania and Greece.
Bonuses & value (15%)7.3
Sizeable, clearly-structured welcome offers across all three markets, including a large combined casino+sports package up to EUR 1,500 in Bulgaria and up to RON 4,000 casino in Romania.
Mobile & UX (10%)6.8
Established regional platform with a long operating history across its core Balkan/SE European markets.
Trust & licensing (20%)6.5
Genuine local licences in Bulgaria (NRA) and Romania (ONJN, since 2023), backed by a 30+ year family operating history — real local regulation, though the withdrawal-complaint pattern is a documented concern.
Customer support (10%)5
Mixed — some reviewers praise fast resolution, but a real subset describe no response from live chat or email during withdrawal disputes.
Payments & payouts (20%)4.5
Genuinely polarized: some players report withdrawals processed within an hour, but there's a real, recurring pattern of complaints about escalating document demands (selfies, videos) specifically once a player starts winning, and at least one unresolved Greek account-access dispute after a win.
Quick facts
| Founded | 1990 as 'Eurofootball' family business; formalized as efbet in Malta, 2003-2004 |
| Owner | Naydenov family (Tzvetomir Naydenov, founder/CEO) |
| Licensing | Bulgaria NRA + Romania ONJN (L1233067W001529, since 2023) |
| Safety rating | Casino.guru Above Average Safety Index 7.8/10 (Bulgaria site) |
| Known issue | Polarized reviews: fast withdrawals reported by some, escalating document demands once winning reported by others |
| Sports & Casino | Full sportsbook and casino across Bulgaria, Romania and Greece |
| Markets | Bulgaria, Romania, Greece; Finland excluded (state monopoly) |
Where Efbet is licensed
Efbet appears on the official register in 5 countries. Highlighted countries have a full local review — pick yours for its welcome bonus and licence details.
About Efbet
Efbet is one of Bulgaria's largest betting operators, tracing back to a family business founded in 1990 as 'Eurofootball' by the Naydenov family, later formalized as today's efbet by Tzvetomir Naydenov, who established the company in Malta during 2003-2004 after recognizing Malta as Europe's emerging sports-betting hub. Efbet holds genuine local licences in Bulgaria (NRA, the sole gambling regulator since August 2020) and Romania (ONJN, since 2023), and is also active in Greece. It offers a full sportsbook and casino with sizeable welcome packages in each market. Independent reviewer Casino.guru rates its Bulgaria site 7.8/10 (Above Average Safety). Player reviews are genuinely polarized: some describe very fast withdrawals within an hour, while others report a recurring pattern of escalating document demands (selfies, videos) once a player starts winning, and at least one Greek player reported an unresolved account-access dispute following a win.
Efbet FAQ
Is Efbet safe and legit?
Efbet holds genuine local licences in Bulgaria (NRA) and Romania (ONJN), with a 30+ year family operating history. Casino.guru rates its Bulgaria site 7.8/10 (Above Average). However, reviews are genuinely polarized on withdrawals — proceed with realistic expectations and keep documentation ready.
Does Efbet have withdrawal problems?
Reviews are polarized. Some players report withdrawals processed within an hour, but there's a real, recurring pattern of complaints describing escalating document demands (selfies, videos) specifically once a player starts winning, and at least one unresolved Greek dispute after a win.
What is the Efbet welcome bonus?
In Bulgaria, Efbet offers a combined sports+casino package up to EUR 1,500 (100% sports up to EUR 200 as freebets, 100% casino up to 200 lv). In Romania, the sports offer is 100% up to RON 500 freebet on the first deposit, and the casino offer is 100% up to RON 4,000. In Greece, it's 100% up to EUR 1,000 casino.
Who owns Efbet?
Efbet is owned by the Naydenov family, founded by Tzvetomir Naydenov, who formalized the company in Malta during 2003-2004 after starting as a family business ('Eurofootball') in 1990.
Which countries is Efbet licensed in?
Efbet holds genuine local licences in Bulgaria (NRA) and Romania (ONJN, licence L1233067W001529 since 2023), and is also active in Greece.