Fourteen teams participated in the 1997–98 Cypriot First Division. All teams played against each other twice, once at their home and once away. The team with the most points at the end of the season crowned champions. The last three teams were relegated to the
1998–99 Cypriot Second Division. The champions ensured their participation in the
1998–99 UEFA Champions League and the runners-up in the
1998–99 UEFA Cup. The teams had to declare their interest to participate in the
1998 UEFA Intertoto Cup before the end of the championship. At the end of the championship, the higher placed team among the interested ones participated in the Intertoto Cup (if they had not secured their participation in any other UEFA competition).
Point system Teams received three points for a win, one point for a draw and zero points for a loss. ==Changes from previous season==