What is a betting site?

2024-11-22
8:28 PM

A betting site is an online service that gives people with Internet access the ability to wager money on the outcome. People use third party payment methods like e-wallets, credit cards, prepaid cards and bank transfers in order to transact with betting sites.

Why are these considered to be highly trusted betting sites for South African customers?

Trust plays a huge role in the relationship between you and your betting sites of choice. You need to know your information is safe, that your funds are segregated for your use in your betting account and that the company will continue to be in business long into the future so your money will never disappear as part of a bankruptcy or administration proceeding.

There are hundreds, if not thousands of sports betting sites in operation today. Many are very small businesses, unregulated or regulated from jurisdictions that provide little oversight and little if any consumer-side support in a dispute.

Smaller companies are very susceptible to the financial swings that can occur in running a betting site. There have been many stories of smaller sites that fail to payout on bets due to liquidity issues, or worse, they simply go out of business and player account balances are gone with them.

Thus, it is best to play with companies that are large enough and have sufficient liquidity to deal with such swings, ensuring they will always pay out on the bets they have taken. Larger companies also tend to operate betting sites that are regulated from the highly respected gaming jurisdictions in the United Kingdom, Gibraltar, Malta, Curacao and Kahnawake.

All the betting sites found on Vpbet are large, well-established and regulated from these jurisdictions. Just like Vpbet, they also all use SSL certificates to secure your connection with their sites through encryption. Simply note the green padlock in your browser as well as the ‘https’ in the URL bar, as opposed to simply ‘http’.

Best new Online Bookmakers in South Africa

With more and more betting sites entering the sports betting market in South Africa, deciding where to open an account can seem to be overwhelming. However, our list of bookmakers in South Africa and the new betting sites opening up in the country makes it easy for punters to see all the options available to them before opening an account.

We don’t list every licensed betting site in South Africa, however the ones that are mentioned on this page are fully licenced and have been evaluated and tested by our team.

The majority of betting sites in South Africa listed on this page cover a similar range of sports, so new bookmakers trying to make a name for themselves often try and find a niche or a different angle compared to the competition. This could be in the form of a larger free bet offer than competitors are offering, or the launch of a special promotion code linked to a free bet.

New South African betting websites may also look to offer better odds than their competition, while some look to offer an increased number of markets when it comes to betting on things such as eSports and Virtual Sports, which are rising in popularity.

On this page, we only list new South African betting sites with a licence to operate in the country. If you’re not in South Africa and are looking for a new bookie, we also have plenty of information on new betting sites in your country.

Types of Welcome Bonuses in South Africa

As a bettor, you should know there are different types of welcome offers. You can learn more about the most popular types below:

Matched Deposit Bonus

To start with, matched deposit promotions are among the most common types of welcome bonuses. As you have seen, this list shows many matched deposit bonus examples.

If you are wondering how to claim bonus of this kind, you need to make a qualifying first deposit that the bookie usually matches by 100%. Sometimes, you also have to place a qualifying bet to unlock the offer. Finally, Vpbet is one of the top betting sites with welcome bonus offers of this description, offering a 100% match on your first deposit of up to R1,000.

Free Bets Bonus

Some betting sites with welcome bonus offers give Free Bets on your registration. If you are wondering how to claim a welcome bonus like that, you should know that you don’t have to make a deposit, only register.

Many bettors prefer this of the two types of sign up bonuses as they don’t have to add funds to their accounts. Finally, Vpbet is a good example of the top betting sites with welcome offers like this, although it requires you to deposit.