Palacebet is a dynamic and innovative bookmaker in South Africa that provides one of the best betting sites in the betting scene. Boasting with almost a decade of experience in being a sports bookie, Palacebet offers an excellent betting experience to their customers.
The first thing you have to understand before developing an interest in betting with Palacebet is how you can create an account with them, so in this short guide we will show you how you can create your betting account and what to expect after that.
How To Create A Palacebet Account
Step 1: On your mobile phone or PC visit the Palacebet official site.
Step 2: Tap on the green ‘Join Now’ button which is found on the top right corner of the site.
Step 3: On the first registration page enter your First name, last name, date of birth and email address.
Step 4: Tap on ‘Next’ below to continue.
Step 5: On the second registration page enter your province, mobile number ID or Passport number, city, address, postal code and bonus code.
Step 6: Tap on ‘Next’ below to continue.
Step 7: On the third registration page enter your username, password and source of income.
Step 8: Complete the Captcha requirements to confirm that you are not a robot.
Step 9: Tick on the box below to confirm that you accept the terms and conditions offered by Palacebet.
Step 10: Tap on the ‘Create my account’ button to finally complete your registration.
In order for your account to be fully active you will need to pass FICA verification. This means that without FICA verification you won’t be able to access sign up offers and you won’t be able to perform withdrawals on your account.
What Is FICA?
Short for the Financial Intelligence Act is in relation to online sports betting is process whereby a punter has to send his personal documents to a bookmaker they want to register with.
This act was implemented in order to combat financial related crimes such as money laundering and tax evasion.
This process was also made by the South African government in order to verify if the account holder is a legal South African citizen and if the account holder is of legal gambling age (gambling is restricted for people less than 18 years of age).
What Documents Are Needed To FICA?
Personal Identification, which can be;
Green Barcoded South African Identity Document
Smart Identity Card
Proof Of Residence, which can be;
Exquisite Signup Bonuses & Free Spins
Palacebet Signup Offers
Palacebet R50 Free Bet
You will receive a R50 free bet without a deposit needed first as welcome gesture from Palacebet to kick start your betting experience. You will be able to use the free bet on the thrilling sports betting which boasts with a vast range of betting markets and boosted odds.
Palacebet R6 000 First Deposit Match Bonus
As a new customer you will receive a package that will kick start your betting experiene where Palacebet will match your first 3 deposits up to an amount of R2 000 each to use on both sports and casino betting.
On your first deposit Palacebet will match it by 100% up to an maximum amount of R2 000. On your second deposit Palacebet will match it by 50% up to an maximum amount of R2 000.
On your third deposit Palacebet will match it by 75% up to an maximum amount of R2 000.
How To Claim The Palacebet Signup Offers
In order to get the R50 free bet you simple need to successfully create a Palacebet account then after that you will receive a pop up notification which you can tap on and accept the free bet.
Note that you will need to wager the free bet bonus within 7 days upon account activation otherwise it will be forfeited and you will need to turn over the free bet once at minimum single in order to make a withdrawal.
In order to qualify for the first deposit match bonuses you will firstly need to successfully create a Palacebet account and pass FICA verification.
After that you can go ahead and make your first deposit of a minimum amount of R50 and Palacebet will match your deposit by 100% up to an maximum amount of R2 000.
After depleting the first bonus you can then make your second deposit of a minimum amount of R50 and Palacebet will match your deposit by 50% up to an maximum amount of R2 000.
After depleting the second bonus you can then make your third deposit of a minimum amount of R50 and Palacebet will match your deposit by 100% up to an maximum amount of R2 000.
You will need to play through the bonus amount by 5x in order to qualify for a withdrawal and you will only have 3 days to meet the rollover requirements on each of the bonuses.
FICA is a process that was put in place by the South African government to be exercised by bookmakers when a new player registers an account. You need to complete this process so that bookmakers can know that you are a SA citizen and that you are of gambling age.
Yes you can trust Palacebet as they are a bookmaker that has been operating in South Africa for almost a decade plus they are a legal bookmaker that is licensed and regulated by the Western Cape Gambling and Racing Board.
It usually takes 1 to 3 working days for your funds to reflect on your bank balance at Palacebet.