Betting

Soccer betting in South Africa: A beginner’s guide

Online sports betting is not only a means of entertainment but is also an income-generating means for Governments and organizations around the world. Up until 1994 online sports betting in South Africa was illegal. With the legislation, the betting market has grown as well as South African betting sites, which have witnessed an increase in the number of players. In the article below, we will discuss soccer betting.

Defining Soccer Betting

Football betting, which is commonly referred to as soccer betting, involves individuals placing bets on the results of soccer matches or specific occurrences, within those matches. Let’s delve deeper into the elements of soccer betting:

  • Market Variety: The world of soccer betting offers a range of options with different leagues, tournaments and matches to choose from. You can find international events like the FIFA World Cup as well as domestic leagues and cup competitions providing numerous opportunities for placing bets.
  • Bookmakers: It’s important to select a bookmaker or sportsbook. These platforms provide odds for matches and events enabling you to place bets and potentially earn money based on the results.

Football Betting Markets

When it comes to soccer betting, there are a lot of aspects to place bets on. Here, we will explore some of them:

  1. Both Teams to Score (BTTS): Place a wager on whether both teams will score during the match.
  1. Handicap Betting: Provide one team with either an advantage or disadvantage to out the playing field.
  1. Correct Score Betting: Predict the score of the match.
  1. First Goalscorer: Bet on which player will score the goal in the match.
  1.  Half-Time/Full-Time Betting: Place bets on both half-time and full-time results of the match.

The Legislation And Regulatory Of Online Sport Betting

In SA, the National Gambling Act of 2004 was established to oversee all gambling acts within the country, which includes casinos, gambling, betting and wagering. This act ensures that all gambling organizations comply with prescribed norms and standards within the country.

Each and every bookmaker must register with one of the nine provinces(Gauteng, Western Cape, Eastern Cape, Kwazulu-Natal, North West, Free State, Limpopo, Mpumalanga, Northern Cape) gambling boards which are all under the direction of the National Gambling Board and need to follow strict rules. 

Conclusion

The sport betting industry in SA is a complex one that requires information and knowledge to be able to place a well-informed bet that will potentially result in a win for a punter. Individuals who place a bet and win will most probably place a second bet with ease, those who lose their first bet will either never place a bet again or become more intrigued. This will lead an individual to carry out more research and investigation to place a better bet the next time.  

Christopher Stern

Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, and the Federal Trade Commissions. He is a graduate of Middlebury College. Email:[email protected]

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