Betway Maximum Payout for 2024

Author Ernest Masuka

Approved by Atanas Tanev

Updated:

12 Sep 2024

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The Betway maximum payout for 2024 is the absolute most that can be recorded on a single bet. This fair play policy was enacted by the bookmaker to offset the risk of excess losses. However, the maximum payout for sports and the casino differ, as such, we explain how to understand Betway’s maximum payout policy.

New to Betway ZA? Our Betway review is a great introduction. You can learn more here about all this bookie has to offer.

Ernest Musaka, Betting Expert & Writer for SilentBet

The Betway maximum payout limits are similar to other reputable bookies. You can read more here if you want to learn more about what Betway ZA has to offer.

Betway Max Payout for Sports

It may be surprising to learn that Betway’s maximum payout for sports depends on the region you reside. For South Africa, that amount depends on the type of bet placed and the sport you are betting on.

For example, if you are placing a single bet on popular sports like soccer, horse racing, rugby, or cricket, the Betway maximum payout per day is R1,000,000. However, the maximum payout for multi-bet is substantially more. If you place a 2-5 selection multi, the max payout is R1,000,000, whereas the maximum payout for a 20 to 30 selection multi is R10,000,000.

Betway Maximum Payout for Casino

You may also be surprised to learn the maximum payout limit for online slot games is R10,000,000. Similar to the maximum payout for sports, for South Africa, this amount applies to single bets.

Likewise, if you are playing live games at Betway, the maximum payout for a single bet win is R10,000,000. However, if you were playing the Betway Lotteries, the maximum payout limit is capped at R15,000,000.

Bear in mind the amounts mentioned above apply to single bets and the accumulation of wins over time. Nor does this amount apply to the Betways maximum withdrawalable policy.

Payout Amounts & Payment Methods on Betway.co.za

The payout amounts for how much can you withdraw from Betway depends on the payment method chosen. Fortunately, they offers its customers a variety of payment methods to pay out winnings.

Consequently, they include popular withdrawal methods like Visa, and MasterCard and others like Ozow, 1VOUCHER, EasyLoad, and Shoprite. Here is a summary of withdrawal methods and the respective withdrawal limit amounts for each.

Payment Method	Withdrawal Minimum	Withdrawal Maximum	Time for Withdrawal
Visa	N/A	N/A	N/A
MasterCard	N/A	N/A	N/A
Ozow	N/A	N/A	N/A
1VOUCHER	ZAR 300	ZAR 25 000	3-5 days
OTT Vouchers	N/A	N/A	N/A
Kazang	N/A	N/A	N/A
EasyLoad	N/A	N/A	N/A
Blu Voucher	N/A	N/A	N/A
SID	N/A	N/A	N/A
MTN	N/A	N/A	N/A
Shoprite	N/A	N/A	N/A
First Bank	ZAR 300	ZAR 25 000	3-5 days
Absa Bank	ZAR 300	ZAR 3000	3-5 days
Nedbank	ZAR 300	ZAR 25 000	3-5 days
USSD	N/A	N/A	N/A
EasyEFT	ZAR 50	ZAR 1 000 000	1-2 Days
FNB eWallet	ZAR 300	ZAR 25 000	Instant

In terms of withdrawal fees, all transactions regardless of whether you are depositing or withdrawing are free. In other words, you will not incur any transactional fees when you withdraw funds from your account.

As for withdrawal times, processing times range from 1-2 days for EasyEFT withdrawals to 3-5 days for credit cards and bank transfer payments.

Understanding Betway’s Maximum Payout Policy

Understanding the Betway maximum payout is important. Ultimately, it can decide if a player is satisfied with their experience as a customer. In short, payout policy is put in place to ensure Betway is able to manage its payout responsibilities. Simultaneously, it is in place to ensure the bookie has enough funds to cover withdrawal payments.

In any event, maximum payout policies are normal within the industry. Comparatively speaking, most bookies employ similar policies and compared to other SA bookies, Betway’s are among the highest.

Ernest Musaka, Betting Expert & Writer for SilentBet

Compared to other ZA bookies, Betway’s maximum payout policy is exceptional. They are put in place by the bookie to prevent excessive losses.

How Does Betway SA Handle High Payouts?

Essentially, they handles high payouts in the same way it does with all payouts. The amount payable is credited to players accounts and accordingly, they are paid out to players via the withdrawal method chosen.

However, due to withdrawal limits, high payout withdrawals may not be paid in a lump sum. In other words, players will need to submit multiple withdrawal requests for the amount to be paid in full.

Although this is normal as most South African bookies have similar high payout policies in effect.

Final Thoughts

The Betway maximum payout policy is one of the best in South Africa. The payout limits are sufficient enough to attract new customers without putting the bookie at risk. Moreover, the setting of reasonable limits ensures the company is able to retain existing players.

While we recognize the implementation of payout limits may be inconvenient, they ultimately protect the bookie and protect players from the pitfalls of financial harm. As such, players should make a note of these limits when they are betting at Betway ZA.

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