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PalaceBet Review

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Review by

Patrick Meyer
Patrick Meyer
clockReading time 6 minread

🎖 Check Out the Best Bookmakers in South Africa

Info Icon
General Info
Operating Since:2020
License: Western Cape Gambling and Racing Board (WCGRB)
Support Types: 24/7 Live Chat, Complaints Section
Accepted Currencies:South Africa Rand
Portrait Icon
Sportsbook Details
Live Games:Yes
Payment Methods:Zapper, OTT Voucher, Credit Cards, Ozow, Instant EFT

If you thought that life for gamblers couldn't possibly get any better, think again. PalaceBet sportsbook has now joined the group of online betting sites, and they have a lot to offer. The sportsbook is owned and operated by Peermont Hotels, which is an awesome hospitality firm that has a wide network of hotels, casinos, and resorts situated all over the globe. With the debut of its unique and new sportsbook, the company's most recent foray is into the world of online gambling.

PalaceBet sportsbook caters to both casual and serious online gamers by providing a variety of pre-game and live sports betting options. Continue reading to learn about the great deals that are now being made available at this online sportsbook.

PalaceBet Login and Registration

Account registration with PalaceBet is fast and simple. Only a solid internet connection and your personal information are required.

  1. Head to the PalaceBet sportsbook website.

  2. Click the Join Now button in the upper-right hand corner of the screen.

  3. Enter your first and last name, birth date, and email address.

  4. Enter your province, mobile phone number, ID or passport number, city, and postal code.

  5. Provide your login, password, and funding source.

  6. You can choose if you want to get promotional information and agree to the website's terms and conditions.

  7. To finish the sign-up procedure, click "Create My Account."

  8. Click the web link in the email to begin account verification.

🎁 Types of Bonuses Available

Palacebet Welcome Bonus

To properly welcome you as a new player to the PalaceBet casino, the establishment will match your first deposit up to a maximum of R2000. It is required that the complete amount of your bonus balance be gambled five times before you are allowed to withdraw any of it. Both amounts must be bet five times in order to meet the requirements for betting.

  • The minimum wagering odds for single bets are 1.70.

  • The minimum odds for multiple bets with each leg being 1.4 or larger are 2.8.

  • Any single bets put on the Over/Under, Handicap, or Odd/Even markets will not count toward finishing the wagering.

  • Any market may be included in multiple bets as long as they satisfy the rules for odds that were presented before.

  • Bets that are made on live games, as well as tricast wagers on horse racing, will not contribute to the total amount wagered.

How to Get a PalaceBet Sportsbook No Deposit Bonus

Find the greatest deals that are presently available at PalaceBet sportsbook as the first step to claiming your no-deposit offers. With a no deposit bonus, it's often much simpler to participate in the game since the registration procedure is typically uncomplicated and only consists of a few steps:

Currently, the sportsbook does not have a no-deposit bonus in place for players.

How to Get a Palacebet Sportsbook Sign-up Bonus

Every new client creating an account is awarded a bonus of an R50 free bet. To obtain your R50 free bet, just join and log in to PalaceBet. On the final page of the online registration form, apply the promo code WelcomeFreeBet if you want to activate the bonus.

If your welcome bonus has not been credited, contact customer service through live chat by clicking the bubble in the lower-right corner of the PalaceBet site.

How to Get a Match-up Bonus With PalaceBet

The first deposit required to qualify for the PalaceBet match-up bonus is R200. You will get R200 in bonus funds after the whole value of your deposit has been wagered at least once, and you must first bet the entire amount of your deposit. To qualify for this promotion, you will need to use the bonus code "ROYAL1" when making a deposit of at least R500.

How to Get a FICA Bonus With PalaceBet

PalaceBet's player verification procedure consists of two phases, which are fairly uncommon and a bit of a nuisance for new players. After registering, you must first validate your email and wait for your account to be authorized for payments (takes at least 24 hours). Before you may request a withdrawal, you must submit FICA documentation (copy of your ID, proof of domicile, and proof of bank account) for verification.

Other Bonuses

Currently, PalaceBet provides weekly odds improvements and exclusive promotions for all major sports.

  • Shoot + Score is a shooting and scoring game. Alley-Oop Free Soccer Bet Promotion Basketball Free Bet Bonus Offer

  • Cricket Free Bet Bonus Offer for Champion of Boundaries

  • There are many other active sports promotions.

VIP & Loyalty Programme

Customers of the PalaceBet sportsbook who are linked with Peermont's resort chains, such as participants of the esteemed Peermont Winners Circle, will soon be eligible for extra perks. This is thanks to the fact that PalaceBet is a member of the Peermont family of companies. They are able to make use of these benefits to further improve the quality of their time spent at PalaceBet.

How to Claim a Bonus Step by Step

Claim Your Bonus
Step 1

Create a unique username and password for your account with the sportsbook. These will provide you with secure login information.

Step 2

Proceed to the section labelled "cashier."

Step 3

In the cashier area, you must choose your chosen deposit method.

Step 4

Before you complete your deposit, you may be required to provide a code to claim your welcome bonus.

Step 5

Some sportsbooks will automatically insert this code. Some will not. Ensure that you read the bonus's terms and conditions.

Step 6

After verifying with your sportsbook that you have the appropriate code to approve your first deposit!

Step  7

Now, all you must do is wait for PalaceBet to process your deposit and provide you with the bonus.

💲 How Can You Use PalaceBet Bonuses

PalaceBet has found that offering incentives to new players is an effective component of their plan to get in more customers. On the other hand, they do not like players that misuse the features that they are given access to. PalaceBet has established restrictions in order to strike an appropriate balance between these two factors. 

The fact that players are restricted from betting more than the maximum allowed amount when using bonus funds is among the most crucial of these conditions. In the event that someone really achieves it, they will be seen as a player trying to gain an unfair edge, and the max stake will be decreased as soon as possible.

📱 PalaceBet Sportsbook Mobile

Palacebet Live Betting for South African Players

The PalaceBet sportsbook website is totally mobile-friendly, enabling you to make wagers on your mobile device without difficulty. The mobile site has an easy-to-use interface that is very similar to the design and navigation of the desktop site.

The website is organized into three primary sections: Sports, In-Play, and Games. Under the Games category, you will discover all non-sports betting options, including lucky numbers, betgames, and live games. To contact customer care through Live Chat, pick the hamburger menu in the upper-left corner and then click the speech bubble.

PalaceBet App

There is no PalaceBet sportsbook app available for download, but the mobile site offers the same betting options and is easy to use.

⬇ PalaceBet Download

Unfortunately, there is no PalaceBet sportsbook app to download.

PalaceBet's Sportsbook Pros & Cons

Like IconPros
  • Check IconA legal business with a sterling reputation
  • Check IconNew clients get a 50% deposit bonus up to R2000 plus an R50 free bet.
  • Check IconCurrent marketing for several major sports.
  • Check IconPre-game and live wagering on 27 different sports
  • Check IconFixed-odds wagering on international lotteries
  • Check IconMobile interface optimized for on-the-go betting
  • Check IconLive Schedule to see upcoming in-play contests
DisLike IconCons
  • Close IconAlthough the sportsbook has its merits, pre-verification of players is necessary prior to making a deposit, which limits player confidentiality.
  • Close IconAlso, withdrawal options are restricted to EFT at present.

Sports Offered

The variety of sports betting options provided by PalaceBet is comprehensive without being excessive. You may place bets on a wide number of sports, including:

PalaceBet is in a unique position to provide wagering options on American sports like the National Football League that are not available anywhere else because of their collaboration with DraftKings in the United States. These wagering options include yardage for passing and receiving.

Palacebet Sports

🎲 PalaceBet Betting Odds

Through a collaboration with DraftKings, PalaceBet offers a variety of U.S. sports on their website. This is the site's crowning achievement. Even unique prop wagers on American sports are offered, which are unavailable elsewhere. PalaceBet allows wagering on all major horse racing events in South Africa, the United Kingdom, and Ireland. 

Bet on horse racing markets, including Race Winner, Forecast, Betting Without Favorite, Place Only, and Match Betting.

📞 Customer Service

If you have any questions about your account, you can contact customer service at PalaceBet by live chat, phone, or email.

  • To join the live chat, please click on the speech bubble in the bottom right corner of the page.

  • Phone number: 0860 725 223

  • Email: support@palacebet.co.za

Support is available from 10:00 to 22:00 (GMT) Monday through Friday, 10:00 to 17:00 (GMT) Saturday and Sunday, and 10:00 to 17:00 (GMT) on public holidays (10h00-17h00).

🔐 PalaceBet Security

PalaceBet is licensed under registration number 10189453-001 and controlled by the esteemed Western Cape Gambling & Racing Board. Therefore, South Africans are permitted to play on their site. As they are a reputable operator with a lengthy history in traditional casinos, you can rest assured that your funds are secure at PalaceBet and that any valid concerns you may have will be investigated by the appropriate authorities.

💳 Banking Methods

Currently, there are three methods to finance your PalaceBet account. Using Zapper, you may make deposits using credit/debit cards or EFTs from any large bank. OTT is a viable choice for those seeking voucher top-ups. Prior to requesting funds, you must upload a copy of your identification, proof of residency, and proof of bank account via the Document Upload tool in your account profile. Withdrawals may take up to five business days to post to your account.

Players are advised to go through the terms and conditions of PalaceBet sportsbook to know what their banking options are.

How to Deposit

Below are PalaceBet's deposit options:

  • Zapper

  • 1Foryou Vouchers

  • Credit Card

  • Ozow Instant EFT

  • EFT

  • OTT Vouchers

How to Withdraw

PalaceBet exclusively processes withdrawals using EFT. Withdrawals from PalaceBet take three to five business days to reach your bank account.

Compare PalaceBet to Similar Sportsbooks

As one of the newest online sportsbooks, PalaceBet has very cautious odds on specialized and less-played or less-popular sports like darts, Esports, floorball, futsal, Gaelic football, etc. 

If, on the other hand, you are interested in wagering on events that belong to the more popular sporting markets, such as football, cricket, rugby, horse racing, MMA, basketball, etc., you will find that the odds are significantly higher than the average odds you will find at any land-based sports betting parlor, or even other well-known online sportsbooks.

Also, since PalaceBet is a fairly new sportsbook, we should see how they settle into their odds, so take the views above with a grain of salt for now.

PalaceBet Casino

PalaceBet Casino









Bonus100% Match Bonus up to R1000R30,000 Welcome Bonus100% up to R1000 Free Welcome BonusR25 sign up bonusR50 Free Signup Bonus - Bonus up to R5000 over 1st, 2nd and 3rd Deposits
Cupon Code
Payment Methods

5 methods

ZapperOTT VoucherCredit CardsOzowInstant EFT

9 methods

Bank TransferApple PayCashtoCodeGiroPayLuxon

3 methods

MasterCardVisaSid Instant Eft

7 methods

Credit CardsVisaMasterCardSkrillNeteller

6 methods


Min Deposit: 0

Min Deposit: 5

Min Deposit: R50

Min Deposit: R5

Min Deposit: R1

LicensesWestern Cape Gambling and Racing Board (WCGRB)United Kingdom (UKGC)Gibraltar (GRA)Western Cape Gambling and Racing Board (WCGRB)Gauteng Gambling Board (GGB)Western Cape Gambling and Racing Board (WCGRB)
Coming soon
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Author Opinion: Why Choose PalaceBet

PalaceBet has provided a pretty comprehensive offering for a new online betting business. You can bet on sports before and during the game, and their lottery and live casino games are a nice addition. Although there are still some holes to be addressed in terms of supplying customers with more banking options and incentives, our overall opinion of PalaceBet has been positive. 

So far, the online sportsbook seems to be gaining traction in the sportsbook community. Peermont has so much experience in hospitality and entertainment, so it is only a matter of time before it explodes into the international waters. We are sure that PalaceBet will be built to the same high standards as its land-based operations.

What Users Think About PalaceBet Sportsbook

PalaceBet has received glowing reviews from its players on its social media sites.

Palacebet's mobile play works like a charm. I love it. No glitches or any other disruption. 

The live customer support is one of the best I've come across! I've encountered some issues, and the employees were friendly and helped me resolve it in no-time. Highly recommend this site.

A fine sportsbook. Easy to bet, good bonuses. 


Question Icon

Is PalaceBet sportsbook legal?

Yes. This sportsbook is indeed licensed to operate in South Africa.

Question Icon

Can I win real cash while betting at PalaceBet?

It is possible to win real cash if you bet with a strategy. Also, players are advised to have betting limits to regulate their gambling.

Author Patrick Meyer portrait
Patrick Meyer

Product Owner and Editor

Patrick is the face of Onlinegamblingsa.co.za - he joined us years ago as a freelance writer and came up through the ranks to become an indispensable part of ...continue reading

Clock Icon 6 min read

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