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Betting Shops in Cyprus.... Help Please.

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Betting Shops in Cyprus.... Help Please.

Postby betting guru » Thu Aug 24, 2006 6:59 pm

Would any of you kind forum users please tell me what kind of TAX is paid on Football bets or any bets in Betting Shops in Cyprus and can you pay the tax in advance on your bet at a lower rate when you place it. Any other useful information would be helpful too.

Thanks.
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Postby betting guru » Sat Aug 26, 2006 7:55 pm

Somebody must know. This place is usually a mine of information !
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Postby Bananiot » Sat Aug 26, 2006 9:46 pm

25% tax on fixed odds paid in advance, win or lose. Daylight robbery. 10% for horseracing, paid in advance, win or lose. This pushes many people to use illegal betting shops.
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Postby betting guru » Sun Aug 27, 2006 3:11 pm

CRIKEY !!! How the hell is anybody in these places. Last time I was in Cyprus they were full up. WHY ??
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