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SPorts Betting Developments in South Africa
Monday, June 27, 2016 : ONLINE SPORTS BETTING DEVELOPING WELL IN SOUTH AFRICA.
Whilst the lawmakers have nixed general online gambling activity, the sports betting vertical continues to prosper.
South African lawmakers may have nixed the legalisation of online gambling in general, but the sports betting variant, which has restricted legality, continues to prosper.
The market is dominated by four major operators following the departure of Ladbrokes some time ago - Sportingbet, SunBet, Bet.co.za and the most recent arrival, Craig Venters Clickabet
A 2014 review of the sector prepared by the independent professional business services provider PwC predicted that the vertical will generate increased revenues at a growth rate of around 7.7 percent compounded annually to Rands 5 billion by 2019 from Rands 3.5 billion in 2014.
The overall sports betting market is presently delivering growth figures of almost 20 percent per annum, PwC reports.
Most South African sports betting goes to horse racing, but general sports betting is developing rapidly and should overtake horse racing and comprise 57 percent of wagering by 2017, according to PwC. That compares with the 46 percent of overall sports wagering recorded in 2014
In an interview with the local publication IT Web this week, Venter revealed that his newly-launched Clickabet is recording new registrations up by 40 percent, with a surge of 100 percent in betting volumes since the start of the Euro 2016 football championship. And with the championship now in the last 16 knockout phase, volumes are increasing even further.
"More and more people are getting comfortable placing bets in SA on an online basis," Venter said. "As broadband penetration increases in SA, this will grow even further."
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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