New Betting Exchange Sites

Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet. Over £2,000 in free bets and bonuses available to new customers! Learn how to trade on the betting exchanges with Pro Trader, Caan Berry. Or greater on the BoyleSports mobile site or app and receive a £10 free bet. Free bets will be credited within 1 hour of settlement and will be valid for 7 days. Home of the Spread Betting, another form of Exchange Betting where punters can buy or sell (known as Lay and Back on the classic Exchange sites) an outcome of a specific match. They also offer a Fixed Odds service which is the classic betting service offered by all Betting Sites, plus they allow users to test out their Spread Betting.

Looking to test just how lucky your stars are? Why not try your hand in a bet? Place a bet on your favourite sports team and cross your fingers. But the big question is, what are the best betting sites in South Africa? The last thing you want is to risk it on an unreliable site that probably will not exist two minutes after you place your bet. Continue reading and find out the top online betting sites in South Africa.

Online sports betting South Africa has evolved over the years. No, not only in South Africa, but on a global scale too. From trying your odds on horse races to placing bets from the comfort of your house, watching events unfold on your flat screen or at your favourite chill spot with your crew is always fun. But the thought of giving your money to some strangers on the internet without a reassurance of where it is going or how it has been used or even how you can get it back is rather unnerving. That is exactly why we have a list of the top South Africa betting sites for you.

You can also try out your luck by checking out:

1XBet

BetWay

BetWinner

22 Bet

It is true what they say: you can’t win without trying. Why not to try it out today? Now that you know all there is to know about betting, it should be easier for you to play and even win. Why don’t you start by looking for a bet that works for you? It is easy to apply, play, and win. All you need is your smartphone or laptop, and you are good to go.

The best betting websites in South Africa

The top sites for sports betting South Africa are easy to find as reviews are all over the internet and not too hard to find if you are a lover of sports. South African betting sites are founded on the Gambling Act of 1966. This act legalized sport betting South Africa on the condition that the online betting South Africa sites are issued with a license from the National Gambling Board.

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The National Gambling Board is mandated with awarding licenses to sites focused on sports betting andgambling in South Africa. Only 40 gambling and betting licenses can be issued to these online sites as a symbol of credibility. The National Gambling Board is responsible for deciding how the limited licenses will be distributed in the various regions within their gambling authority. Betting requires a license, which are spread across the following nine regions:

• Eastern Cape
• KwaZulu-Natal
• Northern Cape
• North West
• Free State
• Gauteng
• Mpumalanga
• Western Cape
• Limpopo

Betting Site Web

Top betting sites in South Africa

You may be probably wondering what is the most popular betting site in the country at the moment? Well, based on reviews, SunBet bookmaker is at the top of the list in the country. The online bookmaker is managed and run by Sun International. The top international online betting site in South Africa is 1xBet, offering high odds and fantastic opportunities for citizens of the country.

Other popular sites in the country are:

• William Hill
• Marathon Bet
• Mr X bet
• World Sports betting
• Pinnacle
• BetOlimp
• Morris Vee

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• Supa Bets
• Playabets
• Interbet
• Betsson
• BetVictor
• Roy Richie
• Intertops
• GTBets

Take a look at the sites above and check which one of the above suits your needs sufficiently. Some of you have been asking yourselves, 'Is betway legal in South Africa?' or ' Is Gtbets legit?' Well, we assure you that Betway and GTBets are both very legal and both licensed to operate as sport betting SA sites.

Bet away!

Once you have emerged from the rabbit hole of numerous online bookies, it is time to set up your account and test your luck and wit. Creating your account on these sites is such an easy task and requires little to no effort. In most cases, you may need to provide an email address, give a username, and create a strong password (that is not your middle name) and you are almost there.

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After registration, you will be required to choose your payment method. Most sites utilize e-wallets that are much easier than trying to cash out through a bank. The e-wallet allows you to place bets at any time and any place you have your phone with you.

When your lucky stars come through for you, it is now time to withdraw and enjoy the fruits of your labour. The cash-out process is just as easy as any other step in the whole process. You receive the cash as fast as possible with no fees applied for South African players

Betting continues to become popular across the globe and also in South Africa among urban youth. If you wish to partake in betting activities, there is only one way to do it...and that is the right way. Do not fall of online scams and give your money to unlicensed betting platforms. What is the best list of betting companies in South Africa? You have to ask yourself this question and confirm the legitimacy and legality of the site in South Africa.

When exchange betting was first introduced, at around the
turn of the century, many believed it would revolutionize sports
betting and lead to the demise of the bookmaker. It has
certainly had a major impact on the sports betting industry, and
it’s proved to be very popular with bettors, but it hasn’t yet
replaced betting with bookmakers.

Exchange betting is also known as peer to peer betting, which
is actually a more accurate description of what it is. It’s
basically about betting against other individuals, rather than a
bookmaker, which is why so many thought it would kill off
traditional bookmaking. While it hasn’t done that, and probably
never will, it’s a form of betting you should definitely be
familiar with, because it offers several benefits.

On this page we have explained the basics of exchange betting
and how to use a betting exchange. We’ve also looked at the
advantages and disadvantages of exchange betting when compared
to traditional sports betting.

The Basics of Exchange Betting

The basic principle of exchange betting is relatively
straightforward. A betting exchange essentially matches up
people who wish to take opposite sides of a wager. For every
wager agreed they are acting as the middleman between someone
betting on a selection to win (the backer) and someone betting
on that selection to lose (the layer). The layer is effectively
acting as a bookmaker, taking the backer’s stake and agreeing to
pay out at the relevant odds if the selection wins.

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The exchange handles all the money involved. At the point of
a wager being agreed, they take the stake from the backer and
the potential payout from the layer. If the selection wins, they
return the stake to the backer along with the payout that has
been taken from the layer. If the selection loses, the layer is
refunded the potential payout, and it receives the backer’s stake.
The exchange makes their money by taking a small commission from
whichever party wins a wager.

Using a Betting Exchange

Betting exchanges are run on websites which work in a similar
way to most sports betting sites. Before you can start betting,
you have to open an account and deposit funds. You’ll then be
able to login to your account and see all the various sports
that are covered, and the available betting markets. You have to
navigate to the market you wish to bet on, and then locate the
selection you wish to back or lay.

List Of Betting Exchanges

Backing a selection works in pretty much the same way as it
does with a bookmaker, in that you simply choose your selection
and place your stake at the agreed odds. The main difference is
that it’s another bettor that will be taking your wager and not
a bookmaker. There’s also a difference in the way the odds are
agreed.

When betting with a bookmaker you have to take the odds
currently being offered, but with an exchange you have the
opportunity to choose the odds. You can submit a proposed wager
with the stake and odds that you want, and if a layer chooses to
accept your terms, then the wager is agreed and your stake will
be deducted from your account. You can also choose to
accept an existing wager which has already been proposed by a
layer if you like the terms.

You have the same options when laying a selection. If someone
has proposed a wager and you like the terms, then you can
accept. The exchange will then deduct your potential liability,
which is the amount you will have to pay the backer if the
selection wins, and the wager is agreed. You can also choose to
set your own odds for a selection and the stake you are
prepared to lay. If a backer accepts that proposal, the wager
will be agreed.

There’s technically no limit to the stakes or odds that can
be proposed. There’s never any guarantee that your terms will be
accepted though, because it depends on if anyone else finds them
attractive. In the event that you propose a wager and no one
accepts it, it will simply be cancelled. Any funds that have
been deducted from your account will be refunded, with no
commission payable.

Advantages of Exchange Betting

There are two major advantages which exchange betting has
over traditional sports betting. The biggest of these is the
simple fact that you can lay selections i.e. bet on them to
lose. This isn’t something that you can do with a bookmaker,
and it opens up lots of new opportunities for making money.

Let’s say you want to bet on an upcoming tennis tournament,
for example, and have picked three players likely to win it but
can’t decide which one is the most likely. You could back all
three players, but the best case scenario is that you win one
wager and lose two. With exchange betting, you could lay a few
other players instead. This way if one of your three picks does
win, you’ll win all of your wagers.

There’s obviously some risk involved, as one of the players
you lay could go on to win the tournament, but you should be
happy enough with this risk if you are confident enough in your
picks. You also have the added benefit of potentially making
money even if one of your picks doesn’t win. You’ll still win
all of your wagers providing the tournament is won by any player
that you haven’t laid.

This is just one example of many scenarios where laying can
be useful. It’s often the case that picking a selection which
is unlikely to win is a lot easier than picking one that’s likely
to win. You can be exposed to high losses relative to your
potential wins, particularly if laying big outsiders, but you
should be able to win a good percentage of the time.

New Betting Exchange Sites

Laying also gives you the opportunity to use certain
strategies that help you to manage your risk. Let’s say you
backed the Seattle Seahawks, at odds of 15.00, to win the Super
Bowl at the start of the season, and they make it to the
playoffs. The odds on them winning the Super Bowl will be much
lower by that point, so you could then lay them.

Online Betting Exchange

As you can see from this example, you’ve managed to guarantee
a profit regardless of the outcome. This comes at the expense of
some potential profit, but the point is you’ve completely
eliminated the risk of your original wager. You could always lay
a smaller amount if you were still reasonably confident the
Seahawks were going to win and didn’t want to sacrifice so much
potential profit.

The other main advantage that exchange betting has to offer
is the odds for backing selections. You’ll frequently find
better odds on exchanges than you’ll find at the bookmakers.
They may only be a little higher in some cases, but even a small
improvement in the odds you get can make a big difference to
your overall returns in the long run.

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Disadvantages of Exchange Betting

There are a couple of disadvantages of exchange betting too.
They are fairly minor, but you should be aware of them before
deciding whether or not this form of betting is for you.

The main drawback is that you may not always be able to get
your bets matched. Although this is unlikely to be a major
problem if you are betting on the most popular markets, it’s
something you could run into fairly often if you bet on less
mainstream sports or smaller events. The other
disadvantage is the bonuses and rewards available. Although some
exchanges do still offer these, they aren’t as generous or
valuable as what most sports betting sites have to offer.