South Africa’s biggest horse race the Hollywoodbets Durban July takes place on Saturday 1 July and before betting punters should note this massive announcement from Betway.

Click here to open your Betway Account – use the Promo Code “GFTG”

When you place a sports bet to win R1000 you get R1000 back plus your stake if it wins.

This is not the case with horseracing where you are subject to a 6% betting tax so your R1000 will be reduced to R940.

Betway have taken the to our knowledge unprecedented step of scratching the betting tax on all horse racing bets until further notice. The tax gets paid but not by you the Punter, Betway will pay the tax on your behalf.

DURBAN JULY EXAMPLE

You have R500 on number 4 Winchester Mansion at 6/1

If the bet wins you get R3000 profit plus your R500 stake back at Betway whereas with any other bookmaker you would get R2820 plus your R500 stake back.

This saves you R180 betting tax that would be deducted off the R3000 and if you are a regular horseracing punter you can imagine the long term impact.

Click here to open your Betway Account – use the Promo Code “GFTG”