Online sports betting in South Africa has undergone a tremendous rise over the last few years. The majority of people, mainly the youths, are so gripped into sports betting, especially football. In South Africa, online sports betting has become a channel for making money and entertainment.
Various studies conducted by the South African government show that over 50% of adults in the country place sports stakes on the internet often. Read on to find out why online sports betting in South Africa is popular.
Most People are into Sports
Most South Africans are into sports. Compared to other sports. Such as hockey, basketball, rugby and cricket, football is the most loved in the country. Most of the citizens here love the European football leagues most. It is easy to find punters discussing how to use multiple strategies to win games.
Moreover, a group of South African gamblers loves placing stakes on other sports, such as boxing, tennis, horse racing, motorcycling races, and basketball. As a player, you will have to place bets based on various outcomes like the number of goals scored, the match results, or the players’ score. Well, it is this liking for these sports that have made sports betting in the country famous.
An Increase in Mobile Sports Betting
The increased number of mobile sports betting has led to the rise of online sports betting. According to Statista, more than 23 million South Africans have access to a smartphone. Probably, the reason for this is that mobile manufacturers worldwide have started to produce affordable smartphones.
Also, research shows that most gamblers prefer to place wagers while on the go. Thus, more and more sports betting companies have invaded South Africa to get a good share of this high number of prospective bettors. As of now, the trick is working wonders because there is an increase in mobile sports betting.
Soft Sports Betting Regulations
When it comes to controlling the online sports betting platform, South Africa tops the list compared to other African countries. The government has enacted gambling laws aimed at controlling the market. What’s more, the enacted rules are friendly to both betting companies and gamblers.
So, these lenient laws have played a considerable role in luring renowned international online sports betting platforms to set up their platforms throughout the country. The presence of global players and local betting platforms has led to stiff competition in the betting industry.
Due to this, more and more South Africans have been attracted to online sports betting through aggressive marketing advertisements. In the end, this trend leads to unmatched growth of the betting industry.
Youth Population and Unemployment
According to the United Nations, South Africa has close to 60 million people around a median age of 27. In general, this data shows that South Africa is primarily a growing and young nation.
It is worth noting that the youths are easily swayed into technological innovations. Thus, they easily accept the concept of online sports betting over the outdated modes of betting. Also, the country’s unemployment rate has risen to 32.5%, as denoted by Trading Economics.
According to this statistic, many youths in the country lack a stable source of income. So, these youths simply turn into online sports betting in search of an income. Remember that online sports betting is easy to get started as gamblers only need a user account. Also, you can use less than a dollar to place the stakes. Most of these youths then hope to turn their love for these sports into profits.
All online sports betting fanatics recognise that good bonuses come in handy in boosting the overall betting profits. Recently, there has been a new 1xBet Bonus, and it is aimed at giving players a significant advantage on their sports bets. Still, it’s worth noting that some bonuses offered on the web may be less straightforward than they initially seem.
When it comes to the 1xBet bonus, it seems like the company will be giving a sign-up bonus that matches an initial deposit bonus by 100% up to €100. Well, this bonus seems not only incredible but also more extensive than what most sportsbooks offer.
By receiving a 100% deposit bonus on your initial deposit, it means you will get a chance to double the amount you will stake at 1xBet. Generally, you can win two times your bet with your initial stake on the platform, thanks to this bonus. Nonetheless, you have to adhere to the wagering rules accompanying these bonuses before withdrawing your winnings.
The Final Take
The rise of online sports betting in South Africa is not expected to stop any time soon. This is because there are new sports inventions, such as eSports and virtual sports, and they are luring substantial attention from online betting companies and gamblers. What’s more, the love for various sports, such as rugby and soccer, never tops growing. Therefore, it is anticipated that more and more players will join the online sports betting community.