The official currency of South Africa is the rand (ZAR). While this nation is considered to have a high GDP in comparison to other African countries, South Africa suffers from high unemployment and poverty.
Nonetheless, many locals manage to participate in all kinds of gambling activities which are limited to land-based casinos, lotteries, sports betting and horse racing.
Online gambling is forbidden with the exception of lotteries, horse racing, and sports betting. These online operators must be licensed in in the same country.
Punters that choose to take their business to foreign bookmakers risk hefty fines and imprisonment but, generally speaking, this rarely occurs.
Daring punters that wish to use foreign online bookies have quite a few choices.
Gamblingjudge.com recommends 118 bookmakers for South African sports bettors and 12 of these offer customers the option of betting with rand.
Best South Africa Rand (ZAR) Bookmakers in 22 February 2024 – Updated List
Who can use ZAR when Making Sports Bets?
Anyone can place bets using rand as long as the sportsbook offers it as a wagering currency. Punters can deposit funds into their ZAR betting site using a major credit/debit/prepaid card or an eWallet. They can also use bank wires to deposit into their ZAR sportsbook accounts.
Those with cash on hand may elect to make a ZAR bookmaker deposit using a wire transfer service. Where there is a will there’s a way.
Once the ZAR bookmaker account is funded the player may begin to place their bets using rand as a wagering currency. Not all African countries accept locals currency, for example, according to Egypt gambling sites and law regulations, you can use only American Dollars.
What Bookmakers allow Betting with Rand?
Options are quite limited compared to bettors that use euros or American money but there are still some very good ZAR sportsbooks to choose from. Bet Victor and Intertops are among the most highly-rated rand bookmakers. JetBull, Winner, Red Kings, and McBookie are also popular ZAR betting sites as are Noxwin and 1Bet2Bet.
There are also many bookies that accept deposits using rand but don’t offer it as a betting currency. Punters that make rand deposits into these online bookmakers will have their funds converted into one of the sportsbook’s supported wagering currencies, like Czech Koruna – CZK.
Are there any Betting Bonuses in ZAR?
Gamblingjudge.com does not currently list any betting bonuses in ZAR. However, quite a few South Africa betting sites advertise bonuses in other currencies and punters are eligible to claim them. The bookmaker will normally credit these bonuses in ZAR currency equivalent.
This bonus money can then be used to make ZAR sports bets. So, South African bettors will get the rand equivalent of up to €100 worth of bonuses at Exclusive Bet or Real Deal and they can cash in on the equivalent of €200 at SBObet. There are plenty of other valuable bonuses and they are found by visiting Gambling Judge. Get yours today!!
What are the Minimum Deposit and Withdrawal Amounts when Using Rand?
There is no clear-cut answer to this question. Limits on deposits and withdrawals depend on the sportsbook and the payment method being used. For example, a Skrill user will find a certain set of limits at one bookmaker and an entirely different set of limits at another bookie.
Punters should check with their bookmaker to find out what limits apply to them. You can get an idea of what these limits are by using the sortable sportsbook database at Gambling Judge. Simply select your country, choose the currency and payment method and then set the “By Minimum Deposit” and “By Minimum Withdrawals” parameters.