Betting Browser

How To Bet

Before placing a bet, we suggest that you have a basic understanding of odds and betting terminology. There are two ways to bet, either fixed odds with a bookmaker or tote betting with the tab.

Definitions & examples

Odds

This is the calculated probability of an event occurring.

Stake

This is the amount of money you are investing on the bet.

When taking a fixed odds bet of 300/100, the last number (100) represents the stake and the first number (300) is the amount you stand to win. Your payout before tax will therefore be 400 in the event that your bet wins, as your stake is also returned to you if you win.

Odds can be displayed either in a fractional or decimal format. Refer to the table below for examples:
 
Decimal Odds
Fractional Odds
Stake (spend)
Win
Payout
0.8
8/10
R 10
R 8
R 18
1
1/1 (evens)
R 10
R 10
R 20
2
2/1
R 10
R 20
R 30
10
10/1
R 10
R 100
R 110

Please note:

In the event of a winning fixed odds bet, you always get your stake back plus your win amount, net of any taxes.

6% punters tax is levied in most provinces on winnings on horse racing bets.

There is no tax on sports bets.



Fixed odds betting

Betting World offers fixed odds betting on a wide range of horse racing, sport and numbers events, which enables you to place bets at set odds. Therefore you know exactly how much you stand to win at the time of placing your bet. Naturally the odds on offer can change as the betting market moves.



Tote betting

All Betting World outlets offer facilities to place fixed odds bets with Betting World or tote bets with the tab. The tab offers horseracing and speciality soccer and rugby bets only. This type of betting is also known as ‘pool betting’.

All the money placed on any of the bet types available on a particular race or event is put into a ‘pool’. The tote takes out a percentage of the takings to cover operating costs and the remaining money is shared between the winning ticket holders. While the odds that appear on the tote screen are a guide to the price at the exact moment that you put your bet on, the actual price isn’t known until the pool closes at the start of the event.