PalaceBet Review

Payment options
Betting variety
Live betting
Jimmy E
Founded in 2020, PalaceBet is an excellent betting platform with ultra-modern features. The PalaceBet sportsbook is licensed and equipped with the latest technological tools to protect the players’ personal and financial details.

Unlike the average gambling platform, this site only has a section for Betgames and a sportsbook. South African players enjoy plenty of deals, promotions, bonuses, payment options and responsive customer service on this platform.

So, explore this detailed PalaceBet review to get a proper insight into the steps to create an account and get started. Also, learn about the site’s banking options, betting options, bonuses, and more.

PalaceBet Website & Account Info

To make one of the most revised PalaceBet reviews, it was essential to scrutinize their website design. And the interface is impressive too.

PalaceBet Review

The design of the site and the navigation option are user-friendly and easily understandable. The website is entirely professional and attractive, and players can efficiently place bets and spend time on this site.

Legality & Player Security

PalaceBet is a legal and fully licensed gambling site operated and controlled by the Western Cape Gambling & Racing Board.

It means the website is safe and legit for South Africans. This gambling site is a legitimate platform with expertise in land-based casinos.

How to Sign Up with PalaceBet

Log in at PalaceBet is free, but you must qualify for the minimum age criteria with valid FICA documents. The PalaceBet sign-up process involves these steps:

  • Step 1: Visit the official website of PalaceBet through your computer or hand-held device.
  • Step 2: On the top right corner of the page, you’ll find a yellow “Join Now” button. Click on it.
  • Step 3: Fill in your details, including your name, date of birth, email ID, etc.
  • Step 4: Fill up your residential info and ID number. Remember to fill in the details as mentioned on the FICA documents.
  • Step 5: Fill in your username along with your password.
  • Step 6: Go below the page and accept the terms and conditions by ticking a checkbox.
  • Step 7: Create your profile by submitting the details.
  • Step 8: Complete email verification and start with the FICA verification procedure.

Verifying Your PalaceBet Account

This site requires players to undergo the FICA verification process to alleviate any chances of money laundering.

You’ll have to upload documents to verify and confirm your residential and identity details during this process. Here are a few steps to verify your account via an online upload form and email.

  • Step 1: Click pictures or scan your recent utility bills and ID/passport.
  • Step 2: Login and go to your email.
  • Step 3: Compose a new mail and ensure to attach the FICA documents.
  • Step 4: Send these documents to
  • Step 5: Wait until you receive the verification confirmation message from the sportsbooks’ customer support team.

PalaceBet Quick Facts

📅 Year Established 2020
🤑 Welcome bonus 100% up to R2000
📱 Mobile application
💵 Minimum Bet R2
🔝 Maximum Profit Unlimited
↩️ Payout Percentage 96%
🖱️ Live (In-Play Mode)
📺 Live streaming
💸 Cash Out
🎰 Other Products Casino, lucky numbers

Banking Options

The PalaceBet sportsbook offers a wide range of safe and reliable banking options for South African players.

Min. deposit R25
Deposit Charge Free of charge
Min. Withdrawal R100
Withdrawal time Up to 5 working days
Payout 96%

The gambling site ensures optimal safety and security by protecting the players’ financial data with advanced encryption technology. Here is the breakdown of these sportsbooks’ banking methods.

Deposit Methods

The current minimum deposit amount of this site is 20 ZAR. The PalaceBet bookie hasn’t mentioned any specific maximum deposit limit yet.

Every deposit is instant, and processing fees depend on the method and situation.

Banking Methods Min-Max Deposit Processing Time Processing Fee
EFT 20 ZAR – NA 3-5 business days Not Known
Credit Card 20 ZAR – NA Instant Not Known
Zapper 20 ZAR – NA Instant Not Known
Ozow Instant EFT 20 ZAR – NA Instant Not Known
1ForYou Vouchers 20 ZAR – NA Instant Not Known
OTT Vouchers 20 ZAR – NA Instant Not Known

Withdrawal Methods

Once you’ve got a FICA-verified PalaceBet account, you can choose the EFT banking option to withdraw your winnings.

PalaceBet withdrawal via EFT or debit cards can take up to five business days to process. The site hasn’t specified any minimum withdrawal amount and maximum withdrawal limit for the players.

Banking Methods Min-Max Deposit Withdrawal Time Processing Fee
EFT Not Specified 3-5 business days Not Known
Debit Cards Not Specified Instant Not Known

PalaceBet Bonuses

The PalaceBet bookmaker welcomes the new players with a 100% match up to 1000 ZAR on the first deposit. To qualify for the promo, you must be a citizen of the Republic of South Africa older than 18.

By meeting these requirements, you can claim the reward by depositing your account with a minimum of 50 ZAR using the PalaceBet bonus code: TBA. Loyal punters at the site can enjoy a range of promos like the Shoot n’ Score, R100 Evo Games, Lucky Leg, and more.

PalaceBet Welcome Bonus

The PalaceBet welcome bonus at this site is a 50% match up to 2000 ZAR on the first deposit. The total amount must be wagered five times before claiming a bonus withdrawal.


The minimum betting odds for single bets are 1.70 or 1/70. For multiple bets, the minimum odds are 2.80 or 28/10, with each leg 1.4 or more extensive. Live betting on casino games will not be considered wagering.

What to Bet on

PalaceBet offers an extensive range of local and offshore sporting activities.

Number of Sport Games 29
Number of Sport Events 373
Live Events Daily 189
Live Events Monthly 5670
Pre-match Events per Month 13760

Sports Betting

However, most players tend to bet on football matches as this sport is the most popular and has high viewership in South Africa.

Available Sports

However, punters who aren’t football fans can place bets on MMA, golf, boxing, rugby, cricket, basketball, volleyball, cricket, ice hockey, and more.

Sports Competitions, Leagues, and Events

PalaceBet offers a variety of sports competitions, leagues and events for a punter to bet on.

Whether for Premier or Champions League, NBA or UFC betting, PalaceBet has prepared favourable odds.

Special Events

PalaceBet offers different betting options, among which a punter may discover various special events. Some of the special events betting options include:

Esports Games

Like most modern bookies, PalaceBet provides Esports betting market options.

Click on the Esports tab in the Sports section and you will find:

  • Daily match list;
  • TOP and all Esports leagues;
  • Live Esports.

Live Betting

In-play or live betting is getting more widespread nowadays. The most popular sportsbooks have live betting options on their websites.

PalaceBet Live Betting

On PalaceBet you may find the in-play betting option in just one click from the homepage, which is indisputably convenient and user-friendly.

Live Streaming

It has become commonplace for online bookmakers to offer live-streaming service on their platforms. Using this feature, a punter can place a bet on one of the in-play events and follow it online. At the moment, PalaceBet does not provide live streaming services. Nevertheless, one may find such options as live betting and track live scoring statistics.

Mobile Betting

PalaceBet mobile betting version is fully-optimized and features a simple design with a minimalistic graphic interface. This site can be loaded on your Smartphone or Tablet (Android and iOS) browser to let you bet without trouble.

PalaceBet App

After getting in touch with the site’s customer representatives, it got revealed that the PalaceBet betting app will be launched soon.

PalaceBet Pros & Cons

  • Legal and legitimate operator with a long-lasting reputation
  • A wide range of promotional offers for major sports events
  • Welcome bonus up to 1000 ZAR for new customers
  • In-play and pre-match betting on 27+ sports
  • A limited number of withdrawal methods
  • Pre-verification is essential before making a deposit

PalaceBet Odds

The vast selection of sports available on this gambling site is more than enough.

Sports Historical Odds
⚽ Football 93.87 %
🏀 Basketball 92.53 %
🎾 Tennis 92.94 %
🏏 Cricket 94.12 %
👍 Overall 93.01 %

You can enjoy playing a range of popular soccer leagues like cricket, rugby, golf, and tennis.

Other Products

PalaceBet offers a range of exceptional BetGames titles to its players. Play it any time, any day, and try its newly launched Rock Paper Scissors.

PalaceBet Casino

Some of its fast-rewarding games include casino classics like Baccarat and Poker. Also, enjoy playing lottery-style draws like Lucky 5.

Contacts & Support

If you’ve any queries or complaints about your PalaceBet account, you must contact their customer service via telephone, email, or live chat.

Support email
Support Phone Number 0860 PALACE
Live chat Yes
  • Phone: 0860 725 223
  • Email:
  • Live Chat: Go to the homepage and click on the orange speech bubble
  • Hours: Mon – Fri (10:00 am – 10:00 pm), Sat-Sun and public holidays (10:00 am to 05:00 pm)
  • Social Media: Facebook and Twitter

PalaceBet Verdict

Despite being relatively new to the South African online gambling industry, PalaceBet has developed a comprehensive product.

It has everything from excellent bonuses and safe banking options to helpful customer service and a wide range of sports options.

So, to conclude this PalaceBet review, the final words would be that it’s a perfect site for the ultimate betting experience on different sports.

Open Acc at PalaceBet

Frequently Asked Questions

  • Is PalaceBet legit?
    PalaceBet is a legitimate gambling site in South Africa that holds licensing from the Western Cape Gambling & Racing Board.
  • How good is PalaceBet for Esports betting?
    PalaceBet is an excellent site for the ultimate Esports betting experience. You can bet on Esports tournaments like DOTA 2 and CS: GO.
  • How does PalaceBet payout?
    PalaceBet offers its payout via EFT or MasterCard and Visa debit cards.
  • Is PalaceBet a good sportsbook?
    PalaceBet is an excellent sportsbook as it offers many bonuses and promotions, safe and reliable banking methods, responsive customer service, multiple sports bet options, and more.
  • Still have questions?
    Ask our experts

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Jimmy E
Writer & Tipster

Jimmy is our on-duty tipster and writer. His favorite sports are cricket, tennis, and basketball. If you’re looking for the best betting tips in the business, Jimmy’s your guy. His tips and events previews are among the most read at BetZillion.

PalaceBet Reviews
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