What the Betfred purchase of Lottostar means for South Africans

Several Top SA Online Casinos and betting sites offer pleasant offerings to South African players. The best minimum deposit casinos South Africa allows players to access their offers or a small deposit. Likewise, a betting site that accepts minimum deposits lets you wager on sports after funding your account with a small amount. Betfred has joined the leagues of betting platforms to offer gambling services to SA punters.

Betfred first completed the acquisition of Betting World in June 2021, marking the company’s debut on the South African market. The Warrington-based bookmaker, founded by Fred and Peter Done, currently has over 50 retail locations across South Africa and an active online presence. Now, it aims to expand its operations, and to do this, it signed a deal with Lottostar, a premium betting site in South Africa.

The new deal sees Betfred acquire the bulk of LottoStar’s shares, expanding its foothold in the South African gambling market. Tasoulla Hadjigeorgiou, CEO of LottoStar, made a statement on the new partnership, saying that the company is thrilled to be working with Betfred. Hadjigeorgiou disclosed that they’re optimistic about the partnership’s potential to increase and improve the quality of its services.

CEO Joanne Whittaker of Betfred expressed similar sentiments, noting that the company would benefit greatly from the new partnership. Whittaker emphasized that the arrangement would also profit Betfred’s European and American branches. This write-up gives insight into both betting platforms and how the partnership will improve the gambling sphere in South Africa.

Betfred Online Sportsbetting

Betfred South Africa is a subsidiary of the more prominent, United Kingdom-based company, which has subsidiaries in other countries, including the United States. This operator, founded in the United Kingdom in 1967, operates over 1,500 betting shops and an internet gaming site. It’s been around for a long time and serves as a go-to betting site for millions of bettors all around the globe.

Betfred is a relatively new entrant to the South African betting industry but has quickly established itself as a major gambling platform. It is known as Betting World Ltd and has locations with branches in Gauteng, Northern Cape, Limpopo, Mpumalanga, and Western Cape. The South African site doesn’t offer casino gaming and only accepts SA bettors at least 18 years old.

Betfred South Africa is a regulated betting operator, working with a license from the Mpumalanga Economic Regulator. It prioritizes safe gambling and has provided easy access to assistance for punters who fear a gambling addiction.

You can join the betting operator by registering with your phone number with Betfred.co.za. After activating your account, you’ll receive a free R50 bonus; other promos are available after you’ve played through this offer. There are a few terms to meet, including using the bonus to bets on selections with odds of at least 1/1.

This online sportsbook also offers over two dozen sporting events. You’ll find several sports, including soccer, rugby, cricket, boxing, basketball, and tennis. You can place pre-game wagers or gamble on live games, and your winnings will be credited promptly.

Betfred ‘s accepted payment methods

The casino payment methods on a gambling platform are one of the most important things to consider before registering on the site. Betfred has provided several options that South Africans can use to make easy and fast payments. You can use the traditional debit and master cards, one of the most common options in South Africa. Punters can also make secure payments using EFTsecure, OTT vouchers, and bank transfers.

The minimum and the maximum amount you can fund your account vary based on these options. When depositing, ensure you don’t enter an amount less than the minimum.

To deposit, you only must sign up and head to the payments page. The betting platform will display a list of the available options from which you select one. Enter how much you want – remember to pay attention to the limits, then follow the onscreen instructions to complete the transaction.

Deposits are instant, but the same can’t be said for withdrawals. You have similar withdrawal options, so you can easily cash out via the method you used to fund your account. However, the limit for transactions differs, just like the withdrawal time. With some payment options, you must wait several days before your winnings get to you.

Who is Lottostar

Lottostar is one of the several online casino betting sites where South Africans can legally wager on lucky numbers and casino games. It is owned and operated by LottoStar (Pty) Ltd and is exclusively available in English. The platform accepts only the South African Rand (ZAR) as currency. It is regulated and licensed by the Mpumalanga Economic Regulator, ensuring its operations are legitimate.

Lottostar has a fixed betting system where players can bet on the outcomes of international lotteries like EuroMillions, SuperEnaLotto, and Spanish Daily. While this is not a novel concept in South Africa, several features distinguish Lottostar from other services.

One of them is the generous payouts. Most bookies have a small maximum payout limit, but with Lottostar, you can still win big.

To clarify, you’re not actually winning the lottery. Like fixed odds betting, you wager on the numbers or outcomes of the selected lotteries and not on the worldwide lottery. Lottostar will be responsible for the actual payout if a player wins. Players can also wager on various live dealer casino games, such as live Monopoly and more.

The homepage of Lottostar is well designed, with a modern feel and appearance. From the main menu at the top of the page, you can choose between different lotteries and other betting options available on the site. It also has a mobile platform with the same intuitive and well-designed layout.

On both platforms, you can easily access customer support via live chat. There’s also an email address to which you can send messages and expect a reply in a few hours. If you prefer calling, you will find the helpline on the Contact us page of the platform.

Payment options accepted at Lottostar

Lottostars has a wide range of payment methods to ensure South African players are never short of transaction options. These alternatives include:

Before using any of these payment options, you must register on the platform. Signing up on this platform is a three-step process where you fill in the details as requested by the platform. After this, you can head to the cashier and deposit using a suitable option.

You can only use bank wire when you’ve accrued winnings and are ready to cash out. The platform tries to process payments as fast as possible, but it might take up to 15 days to get your funds. Note that the betting site will demand that you verify your user account before it can process your withdrawal request.

Summary of the Betfred purchase of Lottostar

Betfred’s purchase of Lottostar is undoubtedly a good move. Lottostar, which has already created a name for itself, will be a great addition to the already established bookmaker, Betfred. Combining the activities of both platforms, punters can be sure to get the best of sports and lottery betting.

Betfred’s presence in the South African market is constantly growing, and we all wait to see the next big thing. From its growth pace, the platform will undoubtedly become one of the most popular brands in the South African gambling sphere.