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PalaceBet Welcome Bonus Explained: Get Up To R1000 Free To Bet With Right Away

The moment a new online betting site becomes available, the first thing punters usually want to know is what kind of Welcome Bonus they offer. When it comes to the PalaceBet Welcome Bonus, we've got great news for you because there are 3 different offers to choose from!

That's right—depending on whether you like to bet on Sports or Live/Casino Games you can choose whichever offer works best for you. To claim your PalaceBet Welcome Bonus, you'll need to complete PalaceBet registration and login to your account. After signing up, you must also wait for your account to be pre-verified which can take up to 24 hours.

Find out below how to claim your PalaceBet Welcome Bonus and what you need to do to withdraw your winnings.

PalaceBet Welcome Bonus

PalaceBet won't put you in a box and force you to use your Welcome Bonus on games you don't want to play. For this reason they offer you a choice between 3 different Welcome Bonuses which are all Deposit Match offers. The way a deposit match offer works is that however much you deposit, you get the same amount extra as a bonus up to the amount specified.

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How To Claim Your PalaceBet Welcome Bonus 

To claim your PalaceBet Welcome Bonus, simply make a deposit and your bonus funds will be automatically credited soon thereafter. If your PalaceBet Welcome Bonus is not added to your account, contact customer support on Live Chat by clicking the speech bubble at the bottom right of the PalaceBet homepage.

When you first login to PalaceBet, a red banner will appear across the top of your screen saying that your identity is being verified. You'll need to wait up to 24 hours for the ID number you provided during sign-up to be checked against their system before making your first deposit. Once the red banner on your screen disappears it means your ID has been verified and you’re now ready to claim your PalaceBet Welcome Bonus!

Choosing your PalaceBet Welcome Bonus

As a new customer you can claim ONE of the following Welcome Bonuses available at PalaceBet:

  • R1 000 Sports Bonus for Sports (Min Deposit: R50)
  • R200 Live Games Bonus for Live Games (Min Deposit: R500)
  • R450 Live Games Bonus for Live Games (Min Deposit: R1 000)

PalaceBet Sports Bonus

The PalaceBet Welcome Bonus is a 100% match of your First Deposit up to R1 000. So however much you choose to deposit, you’ll get the same amount extra as a bonus, but no more than R1 000. You can deposit more than R1 000 into your PalaceBet account, but the Welcome Bonus is capped at R 1000, so your bonus amount will still be R1 000.

Use your PalaceBet Sports bonus to bet on any sports like soccer, cricket, rugby and even horse racing. Choose from markets like 1x2, Double Chance, Draw No Bet, Handicaps and many more.

How Does The PalaceBet Sports Bonus Work?

Your PalaceBet Sports bonus is equal to your first deposit up to a maximum of R1 000. To withdraw funds from your winnings, you must wager your initial deposit and bonus funds at least 5 times at odds of 7/10 (1.70) for single bets and 18/10 (2.80) for multiple bets. For multiple bets, each leg must be odds of 4/10 (1.40) or bigger to qualify. Read the full terms and conditions of the PalaceBet Sports Bonus.

PalaceBet Live Games Bonus

If you aren't into betting on sports, you can claim the PalaceBet Live Games Bonus instead. Use it to play BetGames such as Dice Duel and Lucky 5 or Evolution Games such as Roulette and Blackjack or Game Shows like Gonzo's Treasure Hunt, Crazy Time and Dream Catcher.

How Does The PalaceBet Live Games Bonus Work?

The minimum bet for the wagers to count towards your playthrough is R5. Bets on Evolution games will only count 30% towards the playthrough requirement, while BetGames will count 20% and Lucky Numbers bets will count 10%.

How to get your PalaceBet Welcome Bonus

1️⃣ Visit PalaceBet and login to your account.

2️⃣ Click the green "Deposit" button in the top right corner of your screen.

4️⃣ Choose your preferred deposit method (Credit/Debit Card, OTT Voucher, Zapper or EFT)

5️⃣ Enter the amount you want to deposit.

6️⃣ Click “Deposit” to confirm your payment.

7️⃣ Follow the on-screen instructions to complete your deposit.

8️⃣ Your PalaceBet Welcome Bonus will be credited as soon as your payment is confirmed.

If your PalaceBet Welcome Bonus has not been credited after making a successful deposit, contact customer support before placing any bets.

PalaceBet Welcome Bonus Terms and Conditions

Before you can withdraw any winnings from the PalaceBet Welcome Bonus, there are some terms and conditions which must be met:

➡ You must wager the full value of your deposit and bonus 5x (times). For example, if you deposit R1 000, you’ll get a bonus of R1 000 and have R2 000 in total. Your playthrough requirements are therefore R10 000 (R2 000 x 5).

➡ The minimum odds that count towards playthrough for single bets are 7/10 (1.70).

➡ Single bets placed on any type of Handicap, Over/Under or Odd/Even market will not count towards playthrough. 

➡ For multiple bets, the minimum odds that count towards playthrough are 18/10 (each leg must be 4/10 or bigger). 

➡ Multiple bets can include any market as long as they meet the aforementioned odds requirements. 

➡ Forecast and Tricast bets on Horse Racing do not count towards playthrough.

PalaceBet Withdrawals

After meeting the playthrough requirements of your PalaceBet Welcome Bonus (details above), your winnings will be withdrawable. To ensure your funds arrive safely however, you must submit your FICA documents.

PalaceBet requires just one ID document and one Address document to verify your account:

✉ Proof of Identity: Drivers license, passport or ID document.

✉ Proof of Address: Utility bill, bank statement, system-generated accounts or signed affidavit.

PalaceBet FICA

There are two ways to submit your FICA documents and verify your PalaceBet account for withdrawals. One is to email your proof of ID and proof of address to [email protected]. However, the easiest method is to use the Documents Upload Tool:

1️⃣ Log in to your PalaceBet account and click your name in the top right of the screen to access your Account Profile.

2️⃣ Under the section called Personal Information, click the Documents Upload button.

3️⃣ Select the valid document type (Passport, ID or Driver’s License) and click Upload Files to locate these files on your desktop or mobile.

4️⃣ Repeat this process until you have uploaded at least one proof of identity and one proof of address.

5️⃣ You should receive an email confirming that your PalaceBet account has been successfully FICA-verified.

PalaceBet Customer Support

Live Chat: Click the orange speech bubble at the bottom right of the PalaceBet homepage
Phone: 0860 725 223
Email: [email protected]

Also read our detailed PalaceBet review for more on what this top South African online betting site has to offer.

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For more about online sports betting, lotteries and casinos in South Africa, visit the Betting Guide homepage where you can find bookmaker reviews, promotions, betting tips and more. 

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