Palacebet

Palacebet South African Review (2023)

Launched in 2020, Palacebet is a quality betting platform with state-of-art features. The bookmaker is licensed by the ‘Western Cape Gambling and Racing Board,’ and it uses the latest tools to safeguard users’ details and banking info. Unlike most gambling platforms, it has a section for a sportsbook and Betgames. Players enjoy numerous deals, including the 100% welcome package and the ‘R100 Evo Games’ bonus.

Sports available

Palacebet offers a vast selection of local and international sporting activities. However, most punters bet on football matches since the sport has the highest viewership rate in South Africa. If you are not a football fan, you can explore other betting options such as golf, MMA, rugby, boxing, basketball, cricket, volleyball, handball, Darts, Futsal, Aussie Rules, and ice hockey. Key features that can help you make informed betting decisions and keep track of ongoing events include the Match Tracker, Live Score, Results Page, and Stats tool.

Betting markets

The sportsbook provides varied markets in different sports categories. Football fans can explore a vast selection of betting markets such as goalscorer, 3-way handicap, Over/Under, correct score, half-time result, and other options. While wagering, the bookie allows you to place a single ticket bet or build multi-bets with a mix of sporting activities.

Betting margins

Betting margins refer to the difference between the actual odds of a particular market and what the bookmaker offers. Betting experts believe that sites with percentages higher than 10% extort punters by displaying lower odds than the industry’s standards. Palacebet provides competitive odds since its average betting margin is around 5.6%, but the coefficients may vary from one event to another.

Promotions

The sportsbook welcomes you with a 100% first deposit package of up to1000 Rand. You need to be a South African citizen older than 18 years old to be eligible for the promo. If you meet the promotion’s requirements, you can redeem the reward by topping up your account with at least R50 using “TBA” as the bonus code.

Loyal players can explore numerous promos such as the R100 Evo Games promo, Shoot n’ Score, Lucky Leg, and multi-bets bonus up to 50% extra. You can also earn free deals such as the Grand Slam Tennis, Alley-Oop, and Boundary Beater.

Unique markets

Apart from sports, the sportsbook provides other bizarre markets such as politics. The category contains political activities in the US, Europe, Ireland, France, and United Kingdom. Therefore, you can bet on the US presidential election, gubernatorial seats, UK general elections, and other political events.

The “Specials” category lists several awards with additional betting opportunities. For instance, you can wager on the Eurovision song contest winner or BBC sports personality of the year. Lastly, the e-sports section has numerous regional and international tournaments. Esports provide in-play betting options and pre-match selections with good odds. Top competitions include Counter-Strike: GO ESEA, League of Legends PCS, King of Glory KPL, and Counter-Strike: GO ESL Spain.

Virtual sports

Unfortunately, Palacebet does not have a section for virtuals. However, you can wager on lucky numbers and win big. Popular ones include Lotto Maxima, Gosloto Russia, Vincicasa, and Roma Lottery.

Mobile compatibility

Palacebet is fully mobile compatible since it features a simple design with minimal graphics. As a player, you can load the site on your Tablet or Smartphone browser and bet without hassle. Its modern design and simplistic menu make navigation easy, especially while selecting a multi-bet ticket. Therefore, punters without PCs do not need to visit internet cafes to stake on upcoming or live events.

Betgames

Betgames refer to live dealer titles like spinning wheels and lottery balls. The games are fast-paced, and each gameplay lasts between three and five minutes. Besides, they have regular fixed odds with average payouts. Unlike most casino games, Betgames are lightweight and can run on any gadget, including PCs, Smartphones, and Tablets. Popular titles include Dice Duel, Speedy 7, War of Bets, Bet on Poker, Lucky 5, Wheel of Fortune, 6+ Poker, Lucky 7, Bet on Baccarat, and Lucky 6.

How to join Palacebet

Registration is free, but you need to be of the right age with valid FICA documents. The three-part signup process includes the following steps:

Step 1 - Visit the Palacebet website using a hand-held device or a computer.

Step 2 - Hit the yellow “Join Now” button on the top-right section of the page.

Step 3 - Enter personal details like your email, name, and date of birth.

Step 4 - Type your ID number and your residential info. Note that you should provide details as they appear on your FICA documents.

Step 5 - Enter username and password.

Step 6 - Tick the check box to accept the terms & conditions.

Step 7 - Submit the details to create your profile.

Step 8 - Verify your email and start the FICA verification process.

How to deposit money

The minimum top-up amount for EFT or debit/credit cards is R50. However, those using OTT and 1ForYou vouchers can deposit as low as R25. Follow these steps to fund your Palacebet account.

Step 1 - Visit Palacebet’s login page and sign in.

Step 2 - Hit the ‘Account Profile’ button.

Step 3 - Tap the green Deposit button.

Step 4 - Select your favorite payment gateway.

Step 5 - Enter your deposit amount.

Step 6 - Hit the “Deposit” button.

Step 7 - Go through the on-screen instructions to initiate payment.

Step 8 - The amount will reflect on your PlaceBet account instantly.

How to verify your account

Palacebet requires punters to undergo FICA verification to eliminate money laundering. The process involves uploading documents to confirm your identity and residential details. Failure to provide info on time can lead to account termination and loss of funds. Below are the steps to verify your profile via the online upload form and email.

Verification using the website’s FICA upload tool

Step 1 - Log in to your unverified account.

Step 2 - Navigate to the “Documents Upload” section.

Step 3 - For identity verification, go to the ‘document type’ drop-down menu and select any government-issued document that you possess. Available options include national ID, driver’s license, and passport.

Step 4 - Hit the “Upload Files” button and choose the relevant document.

Step 5 - Click the upload button.

Step 6 - If you want to prove your address, go to the drop-down menu and select any document that you can easily access. It can be a utility bill, mortgage, or other files with your residential details.

Step 7 - Click “Upload Files” and upload the document with residential details.

Step 8 - Submit the FICA documents.

Step 9 - Wait for the agents to verify the details. If you don’t get a response within one working day, you can send a follow-up email.

PalaceBet verification via Email

Step 1 - Scan your ID/Passport and recent utility bills.

Step 2 - Log in to your email.

Step 3 - Compose a new email and attach your FICA documents.

Step 4 - Send the documents to support@palacebet.co.za.

Step 5 - Wait for the verification confirmation message from support.

How to withdraw money

If you are using an unverified Palacebet account, the sportsbook states that it can withhold your winnings until you provide relevant FICA documents. Therefore, ensure that you verify your account before submitting a withdrawal request. Below are the steps to process a withdrawal via EFT.

Step 1 - Log in to your profile.

Step 2 - Go to the “Account Profile” button.

Step 3 - Click the “Withdraw” button.

Step 4 - Enter your withdrawal amount. It is advisable not to withdraw everything if you plan to continue using the site.

Step 5 - Confirm the banking info and click continue.

Step 6 - Follow the instructions to authorize the transaction.

Step 7 - You’ll receive your cash within five banking days.