Transactions and Banking

Depositing Funds :

Once you have registered and activated an account with MBet, you are free to deposit funds and start betting immediately.

- Ensure that you are logged in by using your email address and password.
- Click on the 'Deposits' link
- Credit / Debit Cards : Enter the amount you wish to deposit and 'Submit'
- Bank Transfer / Cash : Once you have deposited funds into a MBet account, click on the 'Deposit' link. Select the bank into which the funds were deposited as well as the amount and 'Submit'. The minimum deposit is R 20.
By submitting this form, please be aware that you are not authorising MBet to physically withdraw funds from your respective account - this facility is merely used as a notification tool.

Deposit Options :

MBet has a choice of 4 bank accounts into which money can be deposited. To ensure optimum processing time, please ensure that bank transfers are facilitated from your bank into a MBet account with the same financial institution - eg FNB to FNB, ABSA to ABSA etc. Any deviation may result in a delay of up to 2 days whilst awaiting fund clearance.
As soon as the funds appear in a MBet account, your betting account will be credited.

Please be aware that any winnings that accrue from credit card payments will only be paid back to the same credit card that was utilised to effect the payment. Furthermore for security reasons, once you elect to pay by credit card all future payments to you will only be made back to your credit card.

MBet does not charge for deposits. Some credit card companies may, however, charge customers a one-off fee for betting transactions. You are advised to research all policies pertaining to your financial institution and use an alternative card if necessary.

Withdrawing Funds :

Once you are ready to receive your winnings, click on ' Withdrawal ' - fill in the amount you require and submit.
In order for the transfer to be facilitated, you will need to complete your bank account
details under the My Account section. Should you request a withdrawal without your bank details being entered under your profile, you will be prompted to submit these details - following which you will need to request your withdrawal again.

 CURRENT PROMOTIONS

100% Sign Up Bonus for New Customers

MBET is offering a 100% Sign Up Bonus to all new registered customers who open an account and make a deposit with MBet! Make a deposit R50 or more and you will be entitled to 100% bonus up to a maximum of R500. Contact MBET by email at mbetsupport@mbet.co.za quoting '100% Sign Up Bonus' and your 'Punter ID' in the subject line.

Terms and Conditions

1. This promotion is only available to new customers who sign up and deposit R50 or more into their MBet account. 
2. The bonus amount awarded is 100% of the initial deposit up to a maximum bonus amount of R500.
3. Once your deposit has been made, contact MBet by e-mail at mbetsupport@mbet.co.za quoting ‘100% Welcome Bonus’ and your ‘Punter ID’ in the subject line, in order to claim the bonus.
4. The bonus will be credited in to the customer’s account within 24 hours of us receiving your e-mail.
5. The deposit amount including the 100% bonus must be turned over in full before a withdrawal can be made.
6. The customer has 30 days to turn over the initial deposit and bonus amount. If a withdrawal is requested before the requirements are met, the withdrawal will not be paid out and your bonus amount may be deducted.
7. Only customers 18 years of age or older are eligible to open an account at MBet and to participate in this promotion.
8. MBet has the right to cancel or withdraw this offer or change any of its terms at any time and without cause/notice. It also reserves the right not to allow certain account holders to be given a bonus.
9. This offer is only available once per client, per household, per account, per IP address. Syndicate betting is prohibited and any customers found to have attempted to open duplicate accounts will have bonuses removed from all their accounts.
10. Bonuses are issued for new money direct deposits / credit card deposits only. Withdrawing and re-depositing money back into your account will not qualify for this bonus.
11. ** PLEASE NOTE ** that should your deposit be processed via Credit Card, the bonus will be calculated after the 2% deduction of the Credit Card charges. For example, if the deposit is R1000, the bonus will be calculated on R980

MOBILE BETTING

1. Register for Mobile Betting by clicking on My Account once logged into your betting account
2. You will need to enter your mobile specifications as a well as select a Username and Password
3. Once you have received the mobile download link from MBET by typing in the following link in your phone's internet browser -  http://www.mbet.co.za/mobile/mbetmobile.jad - you will then need to activate this link on your mobile phone.
4. Download the Application and log in using your selected Username and Password - You are now ready to bet via your Mobile
5. Please ensure that your cellphone is WAP enabled by your Service Provider. Typically, any phone that has a camera of colour screen will be able to utilise MBET mobile
6. Your Mobile betting account is linked to your internet betting account and you will need to top up your mobile account in the same way you add funds to your internet betting account as there is no current payment gateway on the mobile application.

 Placing Bets

MBet has introduced several new and revolutionary betting options previously only available to select clients.

Full bookmakers prices on Straight and 'All on' Multiple bets :

Clients now have the opportunity to enjoy the same advantages on the internet that were previously offered only on the telephone or in cash branches.
Whereas in the past, a R 140 investment on a 7 / 1 market , for example, would return you R 980, MBet will lay you the full R 1000.
We offer all official bookmakers prices.

Placing a Straight ( Single ) Bet :

A Single is a bet on 1 selection in one event. Your selection must be successful to get a return. Simply select the event and market you are interested in and click on the 'BET' button next to that contestant. Your selection will then be added to the bet slip on the right hand side of the screen. You can then choose the bet type, enter either the amount you wish to spend or the amount you would like to win, followed by the PROCESS BET button.

Placing a Multiple Bet :

Multiple bet types allow you to select a series of two, three or more single bets from sports and/or racing and combine them to increase your return. The final dividend is determined by adding 1 to the price of each selection, multiplying the prices, and then subtracting 1 from the total. EG If you make 2 selections and the corresponding prices are 2 to 1 and 3 to 1 - once you have calculated the prices using the multiple formula ( 3 x 4 minus 1 ), your final price will be 11 to 1. The maximum number of selections within the one multiple is limited to 5.
 
When placing a multiple bet, select the events and markets you are interested in and click on the 'BET' button next to those contestants. As you select each market, you will see them added to the bet slip on the right hand side of the screen. To add them to your multiple click on the drop-down box next to ' MPL ', and select whether you wish to include this market as either a WIN or PLACE selection . Once you have selected 2 contestants, the final multiple price will appear under your selection, and as you add more selections, they will be added to the multiple and the odds will be increased automatically. Decide on the amount you wish to spend and click on the PROCESS BET button.
 
Should you enter a Stake value in any of the SGL boxes next to the selections, you will also place Single Bet on the relevant contestant.


When placing a bet, you have 2 options of returns - Stake and Payout

1. Stake Option - Place the amount you want to invest in the ' Stake ' box. This will give you your final return on your investment. Eg If a Market's price is 7 to 1, a R 140 stake will return you a final price of R 1000
2. Payout Option : Place the amount you would like to win in the ' Payout ' box. Eg : On the same 7 to 1 Market, enter R 1000 and your stake will be automatically be calculated as R 140

2. Yankee Bets

One of the most popular bets available to punters - a multiple bet where all permutations are available without having to process the bets manually.
By placing your selections in the betslip, you now have the option to take all permutations at the click of a button. **

All you have to do is add your selections to the bet slip, and in the MPL ( multiple ) box, select either Win or Place. Once you have selected 3 or more contestants, the Yankee box will appear at the bottom of the bet slip. When you have finished adding your selections, enter the amount you wish to spend on EACH LEG of the Yankee bet and click on the PROCESS BET button.

** Full Bookmakers odds do not apply to the Trixie / Yankee or Canadian bets

My Account

Once you have entered your correct Username and Password, you will be able to view :

1) Your available betting balance
2) Your Locked Funds balance, which includes any bets that have not been completed or are awaiting a result. This figure will also include any outstanding Withdrawal requests.
3) Free Bet balance. This is the amount of Free Money that is currently on your account. For an explanation on how Free Bets work - see below.

MBet provides a comprehensive personal account area where you can manage your betting account.

Your Account

This is the section that contains your personal information. Here you will be able to change your Physical, Postal and Email Address, as well as change your MBet password.

Deposits : ( See ' Transactions and Banking ' )

This area is used to deposit funds into your MBet account, as well claiming any MBet Free Bet Vouchers.

For EFT ( Electronic Funds Transfer ) and Cash Deposits, use this section to notify our Admin department that you have deposited funds into any one of the 4 available MBet bank accounts.

PLEASE NOTE that by submitting this form, you are not authorising MBet to physically withdraw funds from your respective account - this facility is merely used as a notification process.

Credit / Debit Cards : Choose the Credit Card payment option under the Deposit section. Complete the details of the deposit including the 3 digit number on the back of your card - known as the CCV and Submit. Your account will be automatically credited.

Withdrawal :

Once you are ready to receive your winnings, fill in the amount you require and submit.
In order for the transfer to be facilitated, you will need to complete your bank account
details under the ' Bank ' section.

Statement :

This section allows you to view all your bets. Once this page has opened, you will be to see a list of your bets, and by clicking on ' INFO ', you will also be able to view comprehensive detail of all bets placed.