Sportsbook Limits
Limits vary depending on the sport, the type of competition and the type of bet offered.
Should a number of bets, containing the same selections be placed by one or more account holders, and GV Bet has reason to believe that these bets originated from the same customer/syndicate, GV Bet reserves the right to limit the total payment of all such bets to the maximum amount that a single customer may win on one day's trading.
The minimum bet placement amount is R1
The maximum net payout per single calendar day is R2000000
The maximum net payout per single/multiple sports bet is R2000000. This limit may vary depending on the specific sport, league and type of bet offered.
GV Bet Management reserves the right (in its sole discretion) and following approval by the Western Cape Gambling & Racing Board to increase or decrease all limits based on GV Bet risk management program, which entails the profiling of its client base and the monitoring of their betting behaviour against various indicators to establish the level of risk associated with each client in compliance with any Applicable Acts.
- Max Payout Per Contingency
| Bet Type | Payout Limit | |
|---|---|---|
| All Sports (Prematch/Live In Play) | Single Bet | R2000000 |
| Multiple Bet (2 Legs+) | R2000000 | |
| Esport | Single Bet | R20000 |
| 2 – 3 Legs | R40000 | |
| 4 Legs | R80000 | |
| 5 – 7 Legs | R100000 | |
| 8+ Legs | R200000 | |
| Horse Racing (South Africa) | Win Bet | R50000 |
| Each Way | R20000 | |
| Multiple Bet (2 Legs+) | R50000 | |
| Horse Racing (All Other Countries) | Win Bet | R50000 |
| Each Way | R20000 | |
| Multiple Bet (2 Legs+) | R50000 | |
| Lucky Numbers | One or Two Numbers/Legs | R1000000 |
| Three or Four Numbers/Legs | R1500000 | |
| Five numbers/Legs or more | R2000000 | |
| On-Demand Games | R2000000 | |
| Instant Games | R2000000 | |