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South African Rand Sports Betting Sites
As a person in South Africa, it only makes sense that you would want to bet in your native currency in an effort to avoid potential currency exchange fees when depositing or withdrawing funds from your betting account. If you only have access to funding sources like credit card or bank accounts in the Rand, looking for a reputable sports betting site that offers Rand betting accounts should be criteria number one in your search. This is because currency exchange fees can add up quickly, so it is best to avoid them. In general, when you exchange currency, you will lose anywhere from 3% to 5% of the value of the exchanged.
Unfortunately there is very little transparency in the fee that you pay. You won’t see this loss of value charged as a fee. The loss will actually be hidden in the exchange rate for whatever currency you select. The financial institution or the betting site itself will buy your funds at one rate, then mark it up and sell you those funds at a rate that reflects this 3% to 5% loss in the principal value of your exchanged amount. All you ever see is the rate of exchange and your new currency balance. The day’s best market rates of exchange will be much better than the retail rates that you will end up paying. So, if you generally deal in the Rand, try to bet with it also.
Betting in the South African Rand is made possible by four of my listed betting sites,
and these are displayed below. The only issue for you will be your ability to bank
with your betting site of choice. Understand that there are only a few methods that
support ZAR transactions to online sportsbooks. For example, Neteller is a very
popular e-
Alternatives to ZAR betting
The reason that the above betting sites offer South African Rand betting is one of convenience for their many South African customers. It simply makes life more convenient for people to bet in their native currency and save money on fees. Make no mistake, this is no small investment. Most companies do not deal in the Rand and in fact, some sportsbooks provide the currency exchange service themselves, which is a service that they may use as another source of income.
If the Rand is the only currency at your disposal, you should feel grateful for this service as there are several markets in the world whose currency is not supported by any online sportsbook. Enjoy the service that they offer and respect the fact that they are respecting South Africa’s sports bettors.
However, if you do have direct access to funding sources in other currencies, like the US dollar, your choices for a betting partner will open up as Unibet is an excellent option for South African bettors and they offer accounts several different currencies.
The best ZAR sports betting sites for players in South Africa
South African Rand Betting Issues
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ZAR
