Horse racing punters and fans have long endured a more stringent tax requirement on their betting appetites than their fellow fans of soccer, rugby, other sports and even online casino games. This well-known irritation takes the form of a 6% tax on any horse racing winnings they may earn. As such, should you win R1,000 on horse racing, your winnings would be reduced to R940. A bit harsh, considering how tough some races are to call.
That’s where Betway comes in.
Betway’s Tax Scratch offer is built so you can enjoy full returns on your horse racing wins. While there’s no way to skirt the legal tax requirement, Betway has taken it upon themselves to fund the 6% betting tax on your behalf. This means that your potential returns on horse racing bets won’t be touched and you can see exactly how much Betway will be paying on your horse racing betslip.
Bet on all the latest horse racing events
As one of South Africa’s leading bookmakers, Betway provides competitive odds and access to all the latest and most popular horse racing events. Whether you’re betting internationally or locally on the Durban July, Cape Town Met or the Summer Cup, you’ll find everything you need to place your horse racing bets with Betway. And now, you can enjoy the thrill of betting on your favourite sport without worrying about any tax deductions.
Explore a range of sports and casino games
Once the race-day is done, there’s still so much to explore with Betway. Find all the latest fixtures for the most popular soccer, rugby, tennis and golf events. If there’s no sport that catches your eye, you can always enjoy the thrill of the Betway online casino and take to the skies in Aviator, one of the most popular games around.
Bet on Horse racing with Betway
Make sure you back the right silks and don’t get boxed in, Betway brings you the latest in Horse Race betting. Find competitive odds and markets when you bet on the horses at Betway.
Get in on horse racing today and place your bets on at Betway.
If you need any assistance, contact us on 0861 787 250 and if you need help placing your first bet, have a look at our How To Bet guide.