Sports betting is a popular and lucrative activity in Kenya, where millions of people place bets on various sports and games every day.
Is sports betting legal in Kenya? Sports betting is entirely legal in Kenya and has been so since 1966, thanks to the Betting Lotteries and Gaming Act. Kenya was one of the first countries in Africa to legalize all forms of betting and casino games.
Tax on Sports Betting
One of the challenges that sports bettors in Kenya face is the high tax rate imposed by the government on their winnings. In 2018, the government introduced a 20% withholding tax on all betting winnings, which was later reduced to 10% in 2020.
Sports Betting Tricks
Sports betting tricks are tips and strategies that can help users improve their chances of winning and making profits from sports betting. Some of the common sports betting tricks are:
- Do your research.
- Manage your bankroll.
- Shop around for the best odds.
- Avoid bias and emotions.
- Learn from your mistakes.
Types of Sports and Games for bets
Sports Kenya covers a wide range of sports and games, both local and international. The most popular sport to bet on is soccer, which attracts millions of fans and bettors across the country:
- the English Premier League,
- the UEFA Champions League,
- the Africa Cup of Nations,
- the FIFA World Cup.
These are some of the major soccer tournaments that Kenyans love to bet on.
Other popular sports to bet on include:
Some of the games that are also available for betting include virtual sports, e-sports, casino games, lotteries, and bingo.
Types of Sports Betting
Sports betting in Kenya offers various types of bets that suit different preferences and strategies of bettors. Some of the common types of bets are:
- Single bet,
- Multiple bet,
- Accumulator bet,
- System bet,
- Live bet,
- Proposition bet,
- Futures bet.
The most common format used in Kenya is the decimal format, which shows the amount of money that can be won per unit stake. For example, if the odds of a team winning are 2.50, it means that for every 1 unit stake, the bettor can win 2.50 units. The higher the odds, the lower the probability and the higher the payout.
Live Sports Betting
Live sports betting is a type of betting that allows users to place bets while the sport or game is in progress. It is also known as in-play or in-running betting. Live sports betting is very exciting and dynamic, as it allows users to take advantage of changing odds and situations. Users can watch the live stream of the sport or game on their devices and place bets accordingly. Live sports betting requires fast decision-making and good analysis skills.
Betting Companies in Kenya
There are many betting companies in Kenya that offer online and offline platforms for sports betting. Some of the most popular and reputable betting companies are:
New Betting Sites in Kenya with Bonus
New Kenya betting sites with bonuses are online platforms that offer sports betting services to users in Kenya and also provide attractive bonuses and promotions to attract new customers. Some of the new betting sites in Kenya with bonuses are:
Betting Apps in Kenya
Betting apps in Kenya are mobile applications that offer sports betting services to users in Kenya. They are also known as mobile bookmakers or mobile sportsbooks. Betting apps in Kenya allow users to register, deposit, place bets, withdraw, and access various features and functions through their smartphones or tablets. Betting apps in Kenya are convenient and accessible, as they enable users to bet anytime and anywhere. They also offer sports betting for dummies guidelines for new players.
Millionaires of Sports Betting in Kenya
In Kenya, an intriguing trend has emerged in recent years, showcasing a unique group of individuals who have managed to amass significant wealth through their prowess in sports betting. These millionaires have found a way to turn their passion for sports into a lucrative financial venture, transforming their lives and financial statuses along the way.
Kenya has long been a nation with a deep-rooted love for sports, with football, athletics, rugby, and other popular sports attracting avid fans across the country. Betting on the outcomes of these events has become a prominent pastime for many, with a select few elevating it to a whole new level.
The rise of millionaire sports bettors in Kenya can be attributed to a combination of factors. First and foremost, the accessibility of sports betting platforms in the digital age has made it more convenient than ever for enthusiasts to place their bets. Online sportsbooks and mobile betting apps have provided a user-friendly interface, ensuring that anyone with an internet connection can participate.