Betfred, owned by Betting World (Pty) Ltd and headquartered in Johannesburg, South Africa, was founded in 2021 and is licensed by The Mpumalanga Economic Regulator. Betfred offers over 30 sports, along with Vegas Games, Aviator, BetGames, and more. Several promotions for new and active clients are available. However, they do not provide live streaming and the Android app only can be accessed through the support request.
Betfred South Africa Pros & Cons
- Over 30 sports
- Many promotions
- Daily Price Boost
- Cash Out available
- No live streaming
- Link to Android app only via support
Betfred: Editorial Rating
Betfred Welcome Bonus
Welcome Bonus R50
Betfred Legal and Safe in South Africa?
Betfred.co.za (Betting World Ltd) operates under a betting licence issued by the Mpumalanga Economic Regulator, adhering to the associated gambling statutes and laws. Betfred ensures its operations align with these standards. All online and mobile wagers are governed by the rules set by the Mpumalanga Economic Regulator.
Betfred What Sports Are On Offer?
Betfred offers more than 40 sports, such as soccer (football), horse racing, greyhound racing, cricket, and rugby. There are betting on politics, music and entertainment available as well.
Football. Betting on football events is available in more than 80 countries. Championship, MTN 8, Motsepe Foundation Championship, and Premiership are covered in South Africa. Over 900 outcomes can be found for top football matches. Markets are divided into the following categories: Main, Handicap, Total, Goals, Correct Score, Goalscorer, Corners, Combo, Halves and Other.
Tennis. For tennis, there are Grand Slams, ATP, WTA tournaments and Challengers offered on Betfred. 50+ betting markets available for top matches. They include Main, Handicap, Total, Correct Score, and Other.
Basketball. Basketball fans can bet on tournaments in 12 countries and international events, such as Euroleague games, FIBA World Cup matches, international friendlies, etc. Around 200 betting markets are available for top selected games. The outcomes include Main, Handicap, Total, Quarters, Halves and Other categories.
South African Betfred Payment Methods
Betfred South Africa accepts a variety of payment methods from South Africans. Among the deposit options are Credit/debit cards, EFT bank transfer, Snapscan, Zapper, Ozow Instant EFT, 1ForYou Voucher, OTT Voucher, BluVoucher, Betting Shop. You can withdraw via EFT bank transfer, OTT (FNB eWallet or Standard bank Instant Money), Ozow, and Betting Shop.
How to Make a Deposit to Betfred
Payment methods to deposit funds into your Betfred account include Credit card, EFT, Snapscan, Zapper, Ozow, 1ForYou Voucher, OTT Voucher, and BluVoucher. Betting Shops are also an option for cash. The minimum top-up starts from R5 for all methods, and all deposits are immediate. Check out our step-by-step guide to the process:
- Log into your Betfred account.
- Tap the “Deposit” button at your screen’s top left-hand corner.
- Choose your preferred Deposit Method
- Enter Details
- Tap “Submit”.
How to Withdraw from Betfred
Follow these steps to withdraw money from Betfred:
- Log in to your Betfred account.
- Click on your profile in the upper right corner.
- Select “Withdraw”.
- Select the withdrawal method that suits you best.
- Type in the withdrawal amount.
- Confirm your withdrawal.
| Payment method | Withdrawal time | Minimum Withdrawal, R | Maximum Withdrawal, R |
|---|---|---|---|
| EFT | Up to 24 hours | 50 | 200 000 |
| OTT (FNB eWallet or Standard bank Instant Money) | Up to 24 hours | 200 | 3 000 |
| OZOW | Up to 24 hours | 200 | 2 500 000 |
| Betting Shop | Instant | 50 | 3 000 |
Betfred Odds
To evaluate Betfred’s odds, we need to calculate the margins that bookmakers take from each market. We reviewed the “ house edge” at different levels. The sportsbook offers competitive odds compared to other South African online bookmakers. A top football Full-Time Result market margin is around 4 to 5%; for the O/Us, it’s about 6%, which is also a good, though not outstanding, result.
Tennis and cricket are at the same levels: 5-6% for 1×2 and 7-8% for totals, respectively. The rugby margin for the Winner market is around 6-7%, while NBA 1×2 goes at more than 7%, which is relatively high.
Let’s calculate Betfred’s margin for the English Premier League match between Chelsea FC and Luton Town on August 25, 2023. We will use the 1×2 formula: Margin = (1 – (Odds1 * Odds2 * Odds3) / ((Odds2 * Odds3) + (Odds1 * Odds3) + (Odds1 * Odds2))) * 100%. And we get the result of 4.40%. The O/Us margin for this event will be 5.83% based on the formula: Margin = (1 – (Odds1 * Odds2) / (Odds1 + Odds2)) * 100%.
Betfred Live betting
Live betting at Betfred South Africa enables bettors to place wagers on sporting events as they happen in real-time. Unlike traditional pre-match betting, where bets are placed before the game begins, live betting allows enthusiasts to adapt their wagers based on the unfolding action and live odds. Whether it’s a football match, a tennis match, a basketball game, or cricket event, Betfred Live Betting covers multiple sports. There are live graphical broadcasts available, as well as live statistics and timeline.
Streaming on Betfred
No live streaming is available on Betfred South Africa. Only graphical representation provided for some events.
Betfred App
The Betfred South Africa app is only available for Android users and can’t be directly downloaded from the website. Users need to contact support for the app’s download link, which is a big disadvantage. However, the app itself is solid, it provides a diverse set of features as the website, including Live Betting offering, Cash Out, and Book a Bet. Its user interface is intuitive, making navigation through various sports and events convenient. Notifications are well-handled, providing updates on match results, upcoming events, and tailored offers.
| Developer | Betfred Ltd |
| App size | Android 21.4 MB |
| Version | 1.0.7.179 |
| OS | Android 6.0 and above |
| Price | Free |
| Availability in the official app store | No |
Conclusion
Betfred has quickly risen as a comprehensive betting platform in South Africa, offering lots of sports betting options as well as casino games. The online bookmaker has Daily Price Boost and Cash Out features, although the lack of live streaming can be a drawback for some punters. The sports betting odds are competitive, but not the best on the South African market. Their 24/7 support generally responds promptly, but there have been instances where they exit chats without a response. In addition, their Android app link is only available through their support department.
Betfred Frequently Asked Questions
Is it safe to bet on the Betfred bookmaker website?
Betfred South Africa operates under the licence issued by the Mpumalanga Economic Regulator, which ensures that Betfred maintains strict adherence to regulations governing fair and responsible gambling practices.
Does Betfred sportsbook have a mobile app?
There is a mobile app available for Android devices from Betfred South Africa. Although you can only get a download link from customer support. The bookmaker’s mobile site is accessible to iOS users.
What are the main advantages of Betfred South Africa?
There are more than 30 sports to place bets on at Betfred South Africa, as well as casino games, bets on politics and entertainment. Many features are available, such as Cash Out, Book a Bet, and Bet Boosts. New and existing customers alike benefit from promotions, which include Free bets, Betfred Fantasy League and more.
