Horse Racing

South African Online Betting

South African Racing

Betting in South Africa is a popular pastime and there are some legal ways in which you can place wagers and generate payouts. Gambling as a whole has been restricted in South Africa since 1673 and in 1965, the South Africa Gambling Act banned all forms of gaming with the exception of horse racing.

Even with the ban on gambling, some casinos started operating in the 1970s in areas populated by natives. Common citizens normally did not have access to these areas. It was believed that by 1995, more than 2000 illegal casinos were operating in the country. Residents enjoyed a great change in 1994, when the democratic government legalized all forms of gambling and in 1996, casinos and a national lottery were licensed.

Here, we take a better look at the available betting options in South Africa and learn about online betting opportunities.

South Africa Online Gaming Laws

Even though forms of gambling are allowed at retail and land locations in South Africa, online gambling is a different story. The National Gambling Act of 2004 restricted any interactive gaming and gambling services from being offered. Interactive gambling only refers to games like poker, bingo, and casino, so there are options for betting online.

Online sports wagering and online horse racing are legal in South Africa and you will find some amazing betting sites that offer incredible odds and bet types. At this time, this is the only form of gambling that is legal within the country. You will not find any operating online casinos, poker rooms or bingo halls in the country. If you are looking to engage in these forms of betting, you will have to visit offshore sites.

Licensed Bookmakers and Betting Sites

South Africa is made up of nine provinces and each has its own gambling and racing board. In order for any operator to offer online betting, they must be licensed by one of the boards. The largest provider of online bookmaker licenses right now is the Western Cape Gambling and Racing Board.

With the licensed sites in the country. Residents are free to engage in sports wagering and can place monetary bets on horse races. Any bets that are placed on horse racing events are subject to a 6% fee that is deducted from the winnings. This is used to cover VAT. No additional taxes or fees are charged for casual bettors and no income earned from betting will be considered as part of income for tax purposes.

Available South African Sportsbooks

If you are a fan of sports betting, you will enjoy placing wagers at some sites that are licensed and operating in the country. Since this is one of the only forms of betting, sportsbooks attract many bettors on a regular basis. In addition to being able to place bets at land venues, you can enjoy the services of trusted online betting sites.

The sports betting sites available are fully licensed and regulated and they operate legally, providing you with a secure way to place wagers and start earning payouts. South Africa takes gambling laws very seriously and any operator that is found to be operating without a license will be subject to fines. Players who access unlicensed sites will also run the risk of being fined and may also receive jail time.

There are currently five sports betting sites that are licensed in South Africa. These include:

  • BetWay
  • Bet.co.za
  • BetVictor
  • SportingBet
  • BettingWorld

When you create an account at any of these sites, you will be able to process transactions using South African Rand and will also be able to choose from trusted banking options. You will find these sites to offer credit and debit cards, EasyEFT, ewallet services, prepaid cards, cryptocurrencies, and bank transfers. With any of these, you will enjoy fast and secure deposits and withdrawals.

Horse Race Betting Online

In addition to being able to place real money wagers on traditional sports at SA sportsbooks, you will also find sites that offer bets and great odds for horse racing. You will find 11 different racetracks in South Africa and these all offer hundreds of races and some top payouts. With three major racing events per year, betting enthusiasts enjoy land and online wagering.

Many of the courses that are operating will provide an online platform. With this, you can securely place your bets on races without having to visit the physical track. This form of gambling online is completely legal in SA and you will have the ability to bet on races from all over the world. This means you can take part in wagering on the most popular racing events like the Kentucky Derby and Belmont Stakes.

Future of Online Betting

At this time, South Africa has no plans to legalize any other form of online betting. For now, you will have to rely on the profits that can be made from licensed sportsbooks and racecourses. If you prefer to play casino games online, you will have to resort to playing games at offshore casino sites.

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