Coronavirus Wreaks Havoc on South African Sports Betting

For a country so hooked on sports as South Africa is, the domino-effect from the coronavirus on the sports world has been devastating. Event after event is being cancelled as a result of the pandemic and the effects are being felt on the online sports betting industry as well.

The Championship of African Nations (CHAN) soccer tournament was due to take place in Cameroon at the beginning of the year. It was then pushed back to April before being postponed until further notice. The Confederation of African Football made the decision to postpone the competition, despite the fact that Cameroon has still not imposed any restrictions on sporting events.

FIFA has recommended that all international football matches be postponed indefinitely, including qualifying matches for the 2021 Africa Cup of Nations (CAN), due to take place this month. No new dates for these matches have yet been determined.

The World Football Summit, scheduled for a Durban location, was cancelled this week. Several countries such as Kenya, Algeria, Gabon and Sudan have postponed soccer league matches.

“One doesn’t continue to try to find value in the valueless stocks for the sake of a streak or the adrenaline of a return. Be wise and don’t go chasing bets. Don’t also bet on everything. Be selective and be informed.

“Always err on the side of caution,” said MoneyMan, “especially if the bet doesn’t speak immediately to you, in terms of odds and value.”

“Be wise, be educated and be patient,” he said. “If it doesn’t seem enticing, in terms of a bet or a platform, then don’t touch it.”

In the article, MoneyMan also:
• Stressed the importance of educating yourself about a promotion’s terms and conditions.
• Spoke about the importance of having all documents in place when opening or requesting a withdrawal from an online sports betting account.
• Advised dealing telephonically with customer support teams at SA online sports betting sites, saying that, from his experience, they provide the fastest responses.