Overview

Betway was first founded in 2006 as part of the Betway Group enterprise. The company was registered in the South African market in 2017, licenced and regulated through the Western Cape Gambling Board.

Betway is an international recognised bookmaker as it widely seen on T.V adds, and is the principal sponsor of West Ham which plays in English Premier League.

Betway distinguish itself from other bookmakers by providing a user friendly website without clattered or confusing elements for punters, especially beginners. The bookmaker covers all popular markets which include Football, Cricket. Tennis, Rugby, Basketball.

Sign up offer

The bookmaker company offers a bonus to new customers – R25 free bet. To receive freebet you need to go through the standard registration process on the site including FICA verification, after which the free bet will be credited to the account.

Payment systems and account currencies

Payment

Betway offers a wide range of deposit methods; Ozo IPay, Visa Mastercard, 1 Voucher, OTT Voucher, FNB, ABSA Bank, Standard Bank, Nedbank & SID

Minimum deposit amount is R10 when using ETF methods, R50 using bank.  All deposits made through EFT are credited instantly.  Deposits made via Bank may take up to 3 days.

A complete list of payment methods available for deposit and withdrawal can be found below in this review.

Withdrawal

Funds can be withdrawn through the Debit / Credit cards and Bank transfer payment systems. Pls note EFT payment are for deposits only. The name registered on the Betway account must correspond to the name registered on the financial account/card Visa, Mastercard

Withdrawals may take up to 3 working days.

Minimum withdrawal amount is R50. Maximum winnings limit (per betslip):Single Bet: R500,000.00 _ Multi Bet: R1,000,000.00

Tax on winnings

  1. 0% (zero percent) tax on all sports bets, including multiples made up solely of sports bets;
  2. 6% (six percent) tax on winnings of any horseracing bets (including multiples of horseracing bets). Please note that this 6% (six percent) tax is made up of 3% (three percent) betting tax and a 3% (three percent) horse racing levy; and
  3. 6% (six percent) tax on winnings of any multiple which includes a horseracing bet as part of the multiple.

Account Currencies

Only supports South African Rand (ZAR)

Platform and mobile bets

Betway provides both the web version and the mobile application for betting services with the possibility of registering, depositing and withdrawing funds.

Support

The support service responds around the clock by live chat, email and telephone. Detailed contact details of the bookmaker can be found below on the overview page.

Verification

To bet online at Betway, the user must register on the bookmaker’s website. After that, the user must pass a personal identification with a National ID or Passport

In order to perform a withdrawal for the first time, you must provide a copy of proof of identity and proof of address.  An example would be a copy of a bank statement or credit card statement.

Licenses

Betway is registered and regulated by the Western Cape Gambling and Racing Board.

Resolution of complaints

Customer support is available if you experience any difficulties, it can be via email, chat or telephone.

If you feel that the Bookmaker has not satisfactorily resolved your complaint, you should refer the matter to the Western Cape Gambling and Racing Board.