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Multiple Bet Limits
1.The maximum daily winnings on any combination of fixed odds multiple bets is R200 000.
2.This maximum applies to any one Interbet client, or group of clients if it can be conclusively proven that they have colluded to act together, backing the same combination of selections or series of bets at a range of any prices using different betting accounts. Should we prove that bets have been places in this way, the total payment of all those bets combined will be limited to R200,000.
Where any customer for any reason has more than one account, the combined total taken on all his accounts will in the same way be subject to the limit of a single account.
That is, the maximum multiple bet limits per the table and the daily R200,000 limit will apply as a combined total for any customer regardless on the number of accounts that he or she may have.
Maximum multiple bet win limit is R200,000 for all win multiple combinations and R15,000 for all place multiple combinations
Punters Tax
All winning bets placed with South African bookmakers on horseracing are subject to 6% government withholding tax.
Fees and Limits look at the website
RULES GOVERNING WESTERN CAPE BOOKMAKERS
Click on the link below to view the new rules released in August 2011 by The National Gaming Board.
Racing and Betting Rules of the Board as printed in Gazette
Payment Method
Interbet only accepts transactions in South African Rand(ZAR).
Deposits can be made using electronic fund transfers(EFT), send a cheque, bank deposits and credit cards.
They accept Visa and Master Card credit cards and have a bank account with Nedbank. Their credit card transactions are secured by Visa and Mastercard Securecode.
South Africa’s licensed bookmakers
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