Afrirent Holdings sets its sights on West African gaming, lottery and betting market expansion

betting in africa

With the rise of MMA’s popularity, betting on these events has become a significant source of entertainment for many. Whether you’re a seasoned punter or new to the betting scene, knowing which platforms offer the best experience for UFC betting is crucial. It’s also worth remembering that we live in an increasingly globalised world and that there are millions of South Africans living abroad. Those South Africans will have shared their sports betting experiences with family and friends back home, further nudging them towards it as a worthwhile activity. Sportingbet accepts more than one million unique bets per day, and on some days even more than two million.

The rise of online betting platforms

The evolution of sports betting in South Africa has broader social and cultural implications, reflecting changing attitudes towards gambling. While sports betting has become increasingly normalised, concerns persist regarding its potential negative consequences, such as problem gambling and addiction. As technological advances continue to be made, online betting companies will consider new ways to prevent fraud and abuse but are inherently limited by the cost versus benefit considerations of this technology. If online gambling ever gets the green light to operate in South Africa, online operators would be wise to implement strong controls to prevent and detect fraud. In Mark Tipping’s experience, most online betting frauds can only be realised once payment is made to the fraudster. At this point, additional documents may be needed to be submitted by the patron before payment is made, including proof of residence and proof of bank account details.

Gambling in internet cafe

I’ve compared the top sites based on event coverage, odds, and in-play features to give you a clear picture of where each stands. Betting on the go, whenever and wherever we are, is getting increasingly popular. Therefore, a mobile-friendly fast loading site is mandatory for accessibility and a great betting experience. More and more sportsbook operators now offer betting apps to really cater for their customers. While in the past spinning the reels of fun and exciting slots was only possible in unregulated online casinos this has changed in 2021. Hollywood Bets started with its Spina Zonke games, Supabets followed by adding Pragmatic Play, Yggdrasil slots and moreover quite recently NetEnt and Red Tiger.

  • In conclusion, the betting industry in South Africa has come a long way since its legalisation in 1965.
  • While each of these options sounds rewarding, and they definitely are, it’s important to understand how they work and what to look for so you can get the most out of each one.
  • Traditional Payment OptionsMost betting sites accept bank cards, e-wallets, and bank transfers.
  • The National Gambling Board is responsible for the oversight of the regulation in the gambling industry throughout the country and to preserve the integrity of South Africa as a responsible global citizen.

SABA wins SARGF Award

Additionally, take the time to learn about odds and probabilities to help you make more informed betting decisions instead of relying purely on luck. Ultimately, the more you know, the better your chances of placing smarter and more strategic bets. Availability Of course, another key factor is ensuring that the sports betting platform is available in your jurisdiction. That said, it needs to be licensed, regulated, and accept players based in your location. Customer support and user experienceResponsive customer support is another non-negotiable factor when looking to play at the best online sportsbooks.

  • Not only will you see a great welcome bonus upon signing up, but you’ll also have access to deposit match bonuses, free bets, multi-bet bonus boosts, and cashback offers.
  • All this greatly expands the possibilities of participating in international online sports betting, as well as allows you to place bets on your favourite African teams.
  • An increasing number of people now enjoy sports betting online so it looks set to be an industry that will grow from strength to strength.
  • Keep an eye on the latest UEFA Champions League standings and use that insight to back your favourite teams.
  • Resolving any problems bettors could run across on the site depends on good customer service.
  • For more trusted bookmakers please also see our full bookmaker listing on Best Betting Sites.
  • Sports betting in South Africa has deep historical roots, dating back to the early 19th century, when informal wagering on horse racing was prevalent.

Myth 2: Online Betting Sites Are All the Same

We can also note that a poor saving culture is among some of the attributes leading to indulgence in sport betting (14). We recommend that more study on sports betting and digital credit to be done so that more evidence of this thesis is uncovered. This ideally can be led by the regulatory authorities from the East African countries and hopefully this betting will encourage good credit lending practices and better consumer education.

“Technology will keep driving advancements and will keep changing the way people think about and engage with the sector. It’s critical, therefore, that operators in the sector keep up with these trends and advancements. “While South Africa has always been a sporty nation, its international sporting profile has probably never been higher and this is especially true for women’s sports,” says Chelin. US legislators are now mulling how to regulate the sector at a national/federal level given the increased uptake in what is now estimated to be a $10bn industry.

Live Games

According to 2022 statistics data, Nigeria has the largest population and gross domestic product in all of Africa. Hence, it should come as no surprise that the country is currently the most profitable gambling market in sub-Saharan Africa, which translates to an average of 7% of the continent total. And since increasingly more Africans are being facilitated access to a stable internet connection, the number of 3G and 4G networks available on the continent have doubled over the last five years. The progressive growth of economic prosperity in numerous African countries has become undeniably visible over the last quarter-century. In addition, using special deals for South Africans can increase the value of your bets. Betting on fighters like Kamaru Usman, Valentina Shevchenko, and Israel Adesanya, each with unique styles, can make your bets more thrilling.

Free Bets

By contrast, just 27% of South Africans have access to a desktop in the house. Small wonder then that 60.5% of households access the internet primarily through cellphones. Get the best South African technology news and analysis delivered to your e-mail inbox every morning. 36% of gamblers use their winnings to gamble again, while 37% claim that they are gambling with excess funds that they have. The possibility of winning much needed funds is the main reason for gambling. There is also a recreational element with some saying that it is fun and a good way to socialise.

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Casino gross gambling revenues declined for the first time since 1997 reflecting the tough economic conditions and the impact of illegal gambling. This report covers casino gambling, limited payout machines (LPMs), betting (horse racing, sports and fixed odds), bingo and the National Lottery. It provides a diverse selection of betting markets including moneyline bets, over/under rounds, and method of victory. This encourages more South Africans to bet safely, securely and ultimately responsibly. Of particular importance for South Africa has been the rise of mobile sports betting apps.

betting in africa

Regulatory compliance, including addressing illegal and unlicensed operators, remains a significant concern for stakeholders. Moreover, technological disruptions, such as the emergence of blockchain and cryptocurrency-based betting platforms, present both challenges and opportunities for traditional operators. In recent years, the betting industry in South Africa has evolved greatly, with the introduction of online betting and gaming. This has allowed people to place bets and play casino style games from the comfort of their own homes, without the need to visit a physical racetrack or casino.

betting in africa

There needs to be a consideration for the local audience, what they want to bet on and how they will make use of our platform” concludes Chelin. “The online betting space has changed dramatically over the years, but its evolution is far from over,” says Chelin. “American sports have seen a steady rise in interest in South Africa with events like the Basketball African League and the NFL Experience bringing fans closer to these sports.

Top SA Online Betting Sites​ For Each Sport

The game, created by Spribe, now has more than 5-million monthly active players worldwide and is growing in popularity locally. Betting on UFC fights in South Africa is exciting and offers plenty of options. Betway, Hollywoodbets, and 1xbet are top choices because they provide user-friendly experiences, good bonuses, and many ways to bet on fights. Leading to a wider range of betting markets like the method of victory, round betting, and whether or not the fight will go the distance. While they offer competitive odds, especially for popular UFC events, they don’t focus heavily on virtual UFC betting or enhanced odds promotions. Hollywoodbets stands out as a reliable choice for UFC betting in South Africa, offering a range of betting options from the standard bout winner to more nuanced bets like over/under total rounds.

Top Sportsbooks in South Africa

You can find all the information you need about the most reliable online bookmakers by clicking on the bookie’s logo or ‘Read Review’. For more trusted bookmakers please also see our full bookmaker listing on Best Betting Sites. South Africans place more than  R1 trillion in bets annually, with R700 billion spent on sports betting alone.

Gambling

  • Hollywood Bets started with its Spina Zonke games, Supabets followed by adding Pragmatic Play, Yggdrasil slots and moreover quite recently NetEnt and Red Tiger.
  • Playing the lottery is the most popular form of gambling in South Africa, with three in four gamblers taking part in this activity.
  • Please ensure you play at a betting site with a South African gaming license and not in one of the many online casinos.
  • Policymakers on the African continent are also expected to start contemplating the same issue as more people take up betting, driven by the internet on the continent.
  • Fast withdrawal sites—especially those using e-wallets and cryptocurrencies—make the betting experience far more fulfilling.
  • Whether you’re a seasoned bettor or a curious newbie, the full potential of 1Win can only be reached with an in-depth understanding and planning.
  • Africa is considered a technology-limited continent, which means it is cut off from the rest of the online world.
  • When it comes to bet types, you’ll have access to pre-match, live betting, and virtual sports as well.

Reviewers meticulously go over the initial write-up, correcting errors and clarifying. Safe South African sportsbooks should display what South African Deposit and withdrawal methods they accept, like cards or eWallets. While Tic Tac Bets’ odds are competitive, I love that I can see all the boosted odds in one place by clicking the Price Boost tab. 1X2 bets, double chance, handicaps and more are accessible for thousands of events. Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.

SA20: Sunrisers Eastern Cape vs Paarl Royals: Odds, Tips, and Prediction

Below, you’ll find a comparison table of the best options, along with a detailed look at what each bookmaker does well. In a bold move to expand its influence and footprint in Africa, Afrirent Holdings, a renowned investment company led by Senzo Tsabedze, is venturing into the vibrant gaming, lottery, and betting market of West Africa. With a history of success and a strong presence in South Africa, Afrirent Holdings is now setting its sights on the exciting opportunities offered by the dynamic entertainment sector in the West African region.

To understand more about the dynamics of gambling, infoQuest, a South African online research company recently conducted a survey amongst 300 gamblers. Meanwhile, Goldrush’s land-based operations, including Bingo, Limited Payout Machines, and Retail Sports Betting, faced challenges during the same period. However, the overall operating environment showed some improvement, aided by reduced load-shedding compared to previous years. We don’t tolerate half-measures at SunBet, so you can rest assured that your personal information and funds are completely secure.

  • The content contained within is subject to change at any time without notice.
  • If you’re after the best sports betting promotions, you’ll find a wealth of them available here at EasyBet.
  • Aside from single-game bets and parlays, you can place live in-play wagers, handicap bets, totals, and futures, as well as make use of the early cash-out option, provided the sportsbook offers it.
  • Gambling and betting companies therefore hold operating licences with provincial gambling boards.
  • Predominant online betting platforms such as the Betway app emerged as a convenient and accessible alternative to traditional brick-and-mortar establishments.
  • Many African countries still have low levels of financial inclusion, with a significant proportion of the population lacking access to traditional banking services.
  • The development of sophisticated betting platforms and mobile betting apps in league with the Betway app has revolutionised how bettors engage with sports events.
  • Betway is recognized as one of the premier online betting platforms for UFC enthusiasts in South Africa.

They might look similar at first, but they differ in performance, features, and reputation. Bookmakers with the best odds, generous bonuses, customer service, live streaming, and quick withdrawals receive high ratings. Most people don’t like some South African betting websites due to the lack of sports and surprise fees, confusing bonus rules, and slow websites. If you like betting on the ponies, make sure there are South African Horse racing betting markets.

betting in africa

When testing, I use the live chat and ask questions like “Do you have a maximum winning limit?”. Then I make a note of how long it takes them to respond and the quality of the answer. Verify the wagering or turnover requirements and any limits, such as minimum odds or maximum deposits or cash-outs. Make sure there are no betting restrictions like no South African rugby betting. South Africans are passionate about sports wagering, especially betting on rugby, soccer, MMA, and cricket.

Policymakers on the African continent are also expected to start contemplating the same issue as more people take up betting, driven by the internet on the continent. In the US, the industry has seen a major boost as the market has become more liberalised. Betting on sport is now legal in 38 states, with Missouri set to become the 39th state in 2025, as well as the District of Columbia. In June 2021, the group paid $281.5m to increase its stake in BetKing, a digital and sports entertainment platform that focuses on Africa, to 49%. Blue Lake Ventures, which traded as BetKing, subsequently changed its name to KingMakers.

How we review the best online betting sites in South Africa

Although this abuse is not always regarded as fraudulent activity, bookmakers hope to identify and block bonus abusers as soon as possible. In South Africa, gambling is heavily regulated by the National Gambling Act, No. 7 of 2004 and the National Gambling Board, as well as provincial gambling regulations. Gambling and betting companies therefore hold operating licences with provincial gambling boards. However, the rapid growth of online betting and gaming has also raised concerns about the potential for problem gambling and the need for effective regulation. The government has taken steps to address these concerns, by introducing measures to prevent underage gambling and to ensure that online betting and gaming operators are operating in a fair and responsible manner.

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“Gambling is not a reliable source of income, and without careful management, it can lead to serious financial setbacks. By increasing financial awareness and promoting responsible gambling, we can help people make informed decisions and avoid unnecessary financial risks,” Manyike concluded. Resolving any problems bettors could run across on the site depends on good customer service. Depending on live chat, email, or phone, reliable help enables quick resolution of any questions or issues. For users who place bets across live events in various time zones, 24-hour customer assistance is very helpful.