PalaceBet Review

Review Breakdown

PalaceBet is the first foray into the online betting industry by the prestigious gaming and hospitality company Peermont Hotels. PalaceBet has collaborated with US-based betting giant DraftKings to create a Sportsbook and Live Games platform that South African Online Casino players enjoy. Whether you enjoy wagering on Sports, Horseracing, Casino, or Lucky Numbers, the site offers a diverse selection of games with competitive odds.

This review puts this R100 Signup Bonus to the ultimate test, analyzing this newcomer to South African online betting from every angle. Continue reading to learn more about bonus offers, gameplay, mobile features, banking, customer service, and more.

PalaceBet Review

100% bonus up to R2000
Min Deposit
Payout Speed
Payment Methods
Countries Available
PalaceBet USP's
  • New Casino
    • Casino
    • Sports Betting
    • Live Casino
    • Evolution Gaming
    • NetEnt
    Welcome Offer
    100% bonus up to R2000

    Bonuses and Promotions

    PalaceBet is running several exceptional promotions for South African players. To begin, there is an outstanding welcome bonus covering your initial deposit. Excitingly, you are not left in the lurch, as dedicated players can access various bonuses. Throughout the week, players will have the chance to claim a variety of rewards, so keep an eye on the promotions page for the most recent offers.

    Welcome Bonus

    As the prestigious king or queen of PalaceBet, you will receive a 100% bonus of up to $180/R2000 on your initial deposit. To receive this offer, you must register for an account. The funds will then be automatically credited to your account after using the bonus code “WelcomeBonus” and depositing at least $5/R50.

    On the other hand, newcomers are eligible for a Sports Welcome Bonus. On their first deposit, newly registered players can qualify for a 100% match bonus of up to $180/R2000. To activate this bonus, you must use the promotional code “WelcomeDeposit” when creating an account and make a minimum $5/R50 deposit.

    Other Promotions

    This ZA casino offers so many bonuses and promotions that we are confident South African players will be spoiled for choice. In addition to the previously mentioned promotions, players can also claim lucrative offers such as Multibet offers, Choice accumulators, and Free bets throughout the week.

    Play-through Requirements (Wagering Requirements)

    For the casino bonus, a minimum deposit of $5/R50 is required. The bonus is automatically credited to your balance, and the bonus amount must be wagered 25 times exclusively on Casino Games. Evolution Games, including Slots, contribute 100% to the wagering requirement, while bets placed on BetGames or Lucky Numbers do not count. The wagering requirements must be met within three days, or the bonus and associated winnings will expire.

    With the sports welcome bonus, however, the bonus amount must be wagered five times. Single bet minimum odds of 1.7, combination bet minimum odds of 2.35, and each leg must be 1.33 or greater in order to withdraw bonus funds and associated winnings. Bonus wagering requirements must be met within three days of making your initial deposit.

    VIP & Loyalty*

    PalaceBet does not currently offer a Loyalty program. Still, Peermont’s Winner’s Circle program members can use the casino play to earn points and receive bonuses for Peermont’s land-based casinos and resorts.

    How to Sign up and Start Playing

    Account registration with PalaceBet is quick and straightforward. Following these simple steps, you’ll be placing wagers in no time.


    After registering an account with PalaceBet and verifying your email address, you must wait for your ID to be authenticated before making your initial deposit. There are currently multiple ways to fund your PalaceBet account. In addition to Zapper, you can deposit using a credit/debit card or EFT from any major bank. For those who prefer voucher top-ups, OTT is available.

    Deposit methods

    South Africans are familiar with the available deposit methods at PalaceBet. In addition to the standard options for secure deposits and withdrawals, there are a couple that is quite innovative, as follows:

    • VISA
    • Mastercard
    • Maestro
    • Blu Voucher
    • Ozow Instant EFT
    • Zapper
    • OTT Vouchers
    • 1Foryou Vouchers
    • EFT

    Minimum & Maximum Deposits

    The minimum deposit amount is currently $5/R50, whereas the maximum is not specified.

    Withdrawal methods and time

    Once your PalaceBet account has been FICA-verified, you can choose the EFT banking option to withdraw your winnings. The processing of EFT and debit card withdrawals can take up to five business days. No minimum withdrawal amount or maximum withdrawal limit has been specified.


    PalaceBet is the place to go if you are looking for a site that offers a variety of sports as well as casino and poker games. The games available at PalaceBet are powered by industry-leading software developers such as Evolution, NetEnt, and Red Tiger.


    Slots gamesSlots such as Dead or Alive, Fruit Shop, Narcos, and Starburst, feature stunning visuals and exciting gameplay. Choose from a variety of NetEnt slot games with diverse themes, paylines, and bonus features at PalaceBet. You can play these games for as little as $1/R1 per spin and win up to two million Rands in cash prizes.

    Table Games

    Table gamesPoker, Baccarat, Roulette, and Blackjack are among the numerous categories available to table games enthusiasts. Each game has multiple variations, including Baccarat Squeeze, Blackjack First Person, 2 Hand Casino Hold’em, Lightning Roulette, and Side Bet City.

    Live Dealer Games

    Live Dealer gamesPowered by Evolution Gaming, PalaceBet also offers an extensive selection of Live Casino Games that can be played on a desktop or mobile device. These entertaining and thrilling games are presented live in the studio. They include casino classics such as Roulette, Poker, and Blackjack, as well as interactive Game Shows such as Monopoly Live, Crazy Time, Deal or No Deal, the new Gonzo’s Treasure Hunt, and more.

    In addition to Live Casino Games and Game Shows, PalaceBet also offers the entire site of BetGames. Some games, such as Lucky 7, are lottery-style drawings, while others, such as Baccarat and Poker, are based on casino classics.

    Lottery/Lucky Numbers

    With Lucky Numbers, you can wager on hundreds of international lotteries, with draws occurring nearly every hour. There are numerous betting markets to choose from, and you will be able to view the results as soon as the draw has been confirmed. You must select your draw, place your bets, and then wait for the draw results to appear on the PalaceBet website in order to participate.


    sportsbettingWith over 1,900 games, sports, and teams available, football is, as expected, well-represented. American football and basketball are the following most popular options, but there are more than enough options for fans of rugby, cricket, golf, boxing, snooker, darts, and even Gaelic sports. Politics and entertainment, as well as eSports, have their own tabs. PalaceBet offers options for fans of Counter-Strike: Global Offensive, Call of Duty, Rainbow Six, and League of Legends.

    Mobile & Apps

    PalaceBet offers a mobile app and a mobile-friendly casino website that can be accessed from any mobile device’s web browser.

    • Mobile App – With the dedicated app, which you can download on your Android or iOS device, you can enjoy the best in sports betting and Live Casino Games at your fingertips.
    • Mobile Casino – The mobile site is fully adaptive and responsive, allowing you to place bets on your smartphone. The mobile interface is highly intuitive and resembles the desktop site in appearance.

    Security & Licensing

    PalaceBet is licensed (10189453-001) and regulated by the Western Cape Gambling & Racing Board, so South Africans are permitted to play on their site. As a legitimate operator with a long history in land-based casinos, you can rest assured that your funds are safe and that any legitimate complaints you may have will be investigated by the appropriate authorities.

    Customer Support

    Through the Live Chat feature located on the casino’s website, players can access customer service around the clock. Players can contact the helpful customer service team via the email form on the website if additional assistance is required.

    • Phone Support: 0860 725 223
    • Email: [email protected]
    • Support Hours: Monday to Friday (10h00-22h00); Saturday, Sunday, and Public Holidays (10h00-17h00).

    📋 Frequently Asked Questions

    Create an account at PalaceBet, deposit at least $5/R50, and enter your preferred Welcome Bonus Promo Code to receive your bonus.
    At PalaceBet, credit and debit card deposits are processed instantaneously, while other payment options take 24 hours to complete.
    The Western Cape Gambling and Racing Board have licensed and regulated PalaceBet, so it is entirely legal and safe for South Africans to gamble on the site.
    Every game at PalaceBet has been optimized for play on mobile devices. Then, you can launch any game in the game lobby by logging into your account on your smartphone's browser.
    Accessing the Responsible Gambling section of the casino's website or contacting customer service will allow players to limit the amount of money they can deposit into their casino account.

    Our Verdict

    PalaceBet is an exquisitely designed and operated online sportsbook and casino that exudes opulence and class. It offers a wide selection of sports and a solid casino, with most of the action occurring at the Live Dealer tables. There are Betgames and Lucky Numbers for players seeking additional options and an ever-present horse betting portal for racing enthusiasts.

    The online casino and sports betting portal of the well-known Peermont Group is a veritable palace of fun and an excellent choice for South African online gamblers. For those unfamiliar with the brand Peermont, they operate the famous Emperors Palace Casino complex in Johannesburg, as well as a handful of small but impressive land-based casinos scattered throughout the country – and their experience has undoubtedly translated well into the iGaming industry.