Established in 2020 and headquartered in Cape Town, South Africa, PalaceBet has rapidly made a name for itself in the sports betting industry. The bookmaker entices new users with no deposit and first three deposit bonuses, complemented by regular promotions for its existing bettors. With a variety of sports offerings, bettors can choose from over 25 sports, as well as enjoy competitive odds and the convenience of specialised Android and iOS apps. Additionally, the betting site offers the Cash Out feature. However, some of its shortcomings include the absence of live streaming, no horse racing options, and a restricted range of payment methods. Despite some limitations, PalaceBet stands out as one of the strongest bookmakers in the South African market.
PalaceBet Online Betting: Rating
|A range of markets||7||Over 25 sports, 900+ markets on top football, 3-4% margin on top events|
|Bonus offers||9||No deposit bonus+bonuses on first three deposits|
|Payment methods||3||Ozow, Instant EFT, 1ForYou Voucher, OTT, Credit Card, Zappa for deposits. Bank transfer for withdrawals.|
|Streaming||1||Only graphical representation of events|
|Apps||10||Apps for Android and iOS|
|Sign-up and support||8||Full registration form, live chat with support|
|Ease of Navigation||7||The site may freeze, but in general everything is convenient and clear|
|Website||www.palacebet.co.za||Game Types||Sports betting, Casino, Lucky Numbers, Bet Games|
|Deposit Methods||Ozow, Instant EFT, 1ForYou Voucher, OTT, Credit Card, Zappa||Withdrawal Methods||Bank Transfer|
|Apps||iOS and Android apps||Betting features||Live betting, Cash Out|
|Owner||Peermont Global (Pty) Ltd||Support||Email, Live chat, Phone|
|Headquarters||Cape Town, South Africa||Founded Year||2020|
|Licence||The Western Cape Gambling & Racing Board||Welcome Bonus||R50 Sports Free bet and Bonuses on first three deposits|
PalaceBet Pros & Cons
- No deposit and first three deposit bonuses
- Regular promotions for existing customers
- More than 25 sports
- Apps for Android and iOS
- Cash Out feature
- No live streaming
- No horse racing
- Limited payment methods
PalaceBet Website, Mobile Version & App Screenshots
PalaceBet offers a wide range of sports to bet on, from the popular ones to the less mainstream. And if that’s not enough, they even have Specials like who’s gonna be the next James Bond or what’s happening in politics. Here’s a list of sports you can place bets on:
- Rugby Union
- American Football
- Aussie Rules
- Gaelic Football
- Gaelic Hurling
- Ice Hockey
- Motor Racing
- Rugby League
- Table Tennis
The PalaceBet betting site offers football bets on more than 220 championships and cups, including over 900 sports betting markets for top matches. You can even bet on local South African tournaments like the National, Premier, and Reserve Soccer League. Plus, they’ve got a special offer: bet R1000 on football in a week and get a R250 Free Bet. Cash Out is also available for soccer bets.
PalaceBet has got schedules, stats, and long-term bets. From Grand Slam, ATP and WTA to Challengers and ITF, all tournaments are covered. You can even add events to your favourites. For ATP matches, they offer around 70 betting options. And there’s a tennis bonus: place a pre-match multiple of at least 3 selections, stake a minimum of R25, and get a Free bet for any live in-play tennis match.
For rugby, PalaceBet provides more than 200 betting options for top matches, whether it’s Rugby Union or Rugby League. The betting site even offers rugby long-term bets and stats. And there is a bonus: bet R1000 on any rugby in a week and get a R250 Bonus.
New customers get a R50 Sports Sign Up Free bet, no deposit needed. This Free bet must be wagered over once at minimum single odds of 1.90, before a withdrawal can be made. The Free bet must be wagered within 7 days from the date of issue.
You can also get bonuses on your first three deposits at PalaceBet:
- Deposit 1: 100% Bonus up to R2000 (Code: WelcomeDeposit)
- Deposit 2: 50% Bonus up to R2000 (Code: WelcomeDeposit2)
- Deposit 3: 100% Bonus up to R2000 (Code: WelcomeDeposit3)
A minimum deposit of R50 is required to activate these bonuses. The bonus amount must be wagered 5 times within 3 days before you can withdraw it. Single bet minimum odds are 1.70, and Combo minimum odds are 2.35. There must be a minimum of three selections in a combo bet.
To sign up on PalaceBet, follow these simple steps:
- Visit the PalaceBet betting site and click the yellow “Join Now” button at the top of the page.
- Select your gender, and enter your first and last name.
- Fill in your date of birth and email address.
- Provide your contact information, including country, state, mobile number, nationality, ID type, and ID number.
- Enter your physical address, including city and postcode. Optionally, you can also provide a secondary email address.
- Create your account information: username, password, preferred currency, source of funds, and bonus code if applicable.
- Agree to the terms and conditions and click “Create your account.”
For a more detailed guide, visit our dedicated Registration webpage.
PalaceBet offers various deposit methods, including Ozow, Instant EFT, 1ForYou Voucher, OTT, Credit Card, and Zappa. For withdrawals, only bank transfers are available.
How to Make a Deposit to PalaceBet
In order to deposit on the PalaceBet betting site, proceed as follows:
- Log in to your account and select the “Deposit” option.
- Choose your preferred deposit method.
- Enter the deposit amount.
- Follow the on-screen instructions to complete the deposit.
|Payment Method||Minimum Deposit||Maximum Deposit||Time for Deposit|
|Instant EFT||R50||R1 000 000||Instant|
|1ForYou Voucher||R50||R1 000 000||Instant|
|Credit Card||R50||R1 000 000||Instant|
How to Withdraw from PalaceBet
You can withdraw from PalaceBet by following these steps:
- Submit your FICA documents by clicking on your name and selecting “Documents Upload” or send them via email to [email protected].
- To initiate a withdrawal, click on your name and select ‘Withdraw’ under transactions.
- In the box provided, enter the withdrawal amount.
- Verify your bank details.
- Follow the instructions on the screen to complete your withdrawal.
|Payment Method||Minimum Withdrawal||Maximum Withdrawal||Time for Withdrawal|
|Bank Transfer||R5||R1 000 000||24-48 hours|
For those who prefer betting on the go, PalaceBet offers dedicated apps for both Android and iOS devices. To learn more about the features, compatibility, and how to download the app, please refer to our in-depth article on the PalaceBet Mobile App page.
|Developer||PEERMONT GLOBAL PTY LTD|
|App size||Android 13.7 Mb/iOS 8.2 Mb|
|OS||Android 5.0 or higher/iOS 11.0 or later|
|Availability in the official app store||App Store|
PalaceBet South Africa excels in providing a comprehensive live betting section, especially for football fans. While the betting site doesn’t offer live streaming, it does feature live statistics and graphical representation of events to keep you updated during the game. This allows punters to adapt their betting strategies in real-time.
PalaceBet offers competitive odds, particularly for top-tier events. For popular football events such as the English Premier League, the margin is as low as 3%. Here’s an overview of the margins for various sports:
|Sport||League||Date||Match||Margin on 1×2||Margin on O/U|
|Football||English Premier League||23/09/2023||Manchester City – Nottingham Forest||3.09%||4.16%|
|Football||Premier Soccer League, SA||27/09/2023||Kaizer Chiefs – Sekhukhune United||13.08%||10.39%|
|Tennis||ATP Zhuhai||22/09/2023||Karen Khachanov – Alex Bolt||4.90%||6.40%|
|Tennis||Parma Ladies Open||22/09/2023||Anna Bondar – Ana Bogdan||3.77%||5.26%|
|Basketball||NBA||25/10/2023||Los Angeles Lakers – Denver Nuggets||4.40%||4.00%|
|Rugby Union||World Cup||23/09/2023||Georgia – Portugal||8.12%||8.27%|
PalaceBet is a legally registered betting site in South Africa. Operated by Peermont Global (Pty) Ltd and licensed by the Western Cape Gambling and Racing Board (Licence number 10189453-001), the platform adheres to all the local laws and regulations. The terms and conditions are transparent and available on their betting site, ensuring that customers are well-informed. In case of any disputes, customers can rely on the jurisdiction of the Magistrates Court, as per South African law.
PalaceBet Contact & Customer Service
The PalaceBet customer support team is not available 24/7, their daily working hours are from 06:00 to 22:00. Whether you have a quick question or need detailed assistance, the team is ready to help. PalaceBet offers multiple channels for customer support:
- Live chat
- Email: [email protected]
- Phone Support: 0860 PALACE / 0860 725223
When selecting a betting site in South Africa, it’s crucial to weigh various factors to find the one that best suits your needs. In the table below, we’ve compared PalaceBet with other popular South African bookmakers like Betway, BetOlimp, and Gbets based on several key features. In the domain of market variety, PalaceBet offers a commendable range with a score of 7, surpassing Betway’s 6, closely following BetOlimp’s 8, but still trailing Gbets, which tops the chart with a score of 10. When it comes to bonus offers, PalaceBet stands out with an impressive score of 9, outperforming all the other bookmakers: BetOlimp, Betway, and Gbets, which scored 7, 7, and 8 respectively. However, in the realm of payment methods, PalaceBet has room for improvement with a score of 3, falling significantly behind BetOlimp’s 7, Gbets’ 6, and notably Betway’s high score of 10. Streaming seems to be a weak point for PalaceBet, matching the low scores of BetOlimp and Gbets at 1, and being vastly outstripped by Betway’s standout score of 8. In contrast, PalaceBet shines in the app offering, scoring a perfect 10, on par with Betway, and considerably ahead of Gbets’ 5 and BetOlimp’s absence of apps. Sign-up and support for PalaceBet is robust with a score of 8, tying with BetOlimp and Gbets, and only slightly below Betway’s 9. In the ease of navigation category, PalaceBet competes strongly with a score of 7, comparable to Gbets and just behind BetOlimp’s and Betway’s scores of 8 and 9 respectively. In summary, PalaceBet showcases strengths in several areas, particularly bonus offers and app availability, but also highlights areas needing enhancement like payment methods and streaming.
|A range of markets||7||8||6||10|
|Sign-up and support||8||8||9||8|
|Ease of Navigation||7||8||9||7|
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