How to Bet on Helabet

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12 Sep 2023 (EDITED 24 May, 2024)
19 Minutes to read

Gambling on sports has become increasingly popular recently, with platforms like HelaBet offering enthusiasts plenty of exciting experiences. This guide is designed to provide HelaBet reviewa comprehensive overview of how to navigate the platform, understand requirements for bet placement, and more.

Throughout the article, we will delve into the different types of bets you can place, such as single and compound stakes, and provide practical advice on withdrawing your winnings. Additionally, we will explore the implications of match cancellations. Whether you’re a seasoned bettor or a newcomer to sports gambling, this guide will equip you with all the information you need to make the most out of sports betting. And if you are interested in other aspects of the platform, you can check out our comprehensive HelaBet review. So, without further ado, let’s get started!

Step-by-Step Instructions for Placing Simple Bets on the Website

Create an Account and Log In
Complete the registration process to create your account. Once registered, log in by entering your username (ID) and password in the appropriate fields.
Fund an Account
Make sure your account has a positive balance. Deposit funds using the payment methods available in the Deposit section.
View Available Events
Navigate to the Sports or Live section. Then select a sport and event in the left column to view the available odds and markets. Click on the desired odds to add the event to your betting slip, which will appear on the right-hand side of the page.
Place a Bet
Enter the amount you wish to bet on the bet slip. Click on “Place Bet” to finalize your bet. A pop-up window will appear with your bet details. Once accepted, the stake will be deducted from your account immediately.
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How to Place a Bet in the HelaBet App: A Step-by-Step Instruction

How to Place a Bet in the HelaBet App: A Step-by-Step Instruction
Head to the Mobile Website
Visit the HelaBet website and download the app. Once downloaded, open the app and login. If you are not already registered, create an account and log in.
Fund your Account
Before you start betting, it is important to fund your account. So deposit some money to get started.
Pick the Events You Want to Bet on
After depositing, it’s time to choose the sports events or casino games you want to bet on. Select the odds, the market and the amount you want to bet. Fill out the betting slip accordingly.
Place your Bet
Once done, click on the “Place Bet” tab and your bet will be successfully placed.
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Placing Compound Bets

A combination bet, also known as a multi-bet or accumulator, is a type of wager where you combine multiple individual wagers (known as legs) into a single wager. The odds of each leg are multiplied together, potentially increasing the potential payout. However, all legs within the combination bet must be successful for the gamble to win.

Multi Bet (Combination Bet)

To place a multi-bet, follow these steps:

  1. Log into your account and navigate to the “Sports” or “Live” sections.
  2. Select the sport and event you want to stake money on and click on the desired odds to add the event to your betslip.
  3. Continue adding more events to your betslip, building your combination bet with multiple legs.
  4. Choose the “Accumulator” or “Multi bet” option on the betslip.
  5. Enter your stake amount and review the potential payout based on the combined odds.
  6. Click “Place a bet” to finalize your multi-bet. If all legs in your combination bet are successful, you’ll win and receive the payout.

System Bet

A system bet is another compound bet that allows you to cover multiple combinations of bets within a single wager. Unlike combination bets, system bets can still provide partial winnings even if not all legs are successful.

To place a system bet, follow these steps:

  1. Log into your account and navigate to the “Sports” or “Live” section.
  2. Select the sport and event you want to stake money in and click on the desired odds to add the event to your betslip.
  3. Continue adding more events to your betslip, ensuring you have enough legs to create the desired system bet (e.g., a Trixie requires three legs, and a Yankee requires four legs).
  4. On the betslip, choose the “System” option and select the specific system bet you want to place (e.g., Trixie, Yankee, Patent, etc.).
  5. Enter your stake amount and review the potential payouts based on the different combinations within the system bet.
  6. Click “Place a bet” to finalize your system bet. Depending on the system bet chosen and the outcomes of the legs, you may still receive partial winnings even if not all legs are successful.

HelaBet Requirements and Conditions for Betting in Kenya

HelaBet Requirements and Conditions for Betting in Kenya

Registration: To begin your gambling journey, you must create an account first. It involves providing personal details such as your name, email address, and phone number. Make sure that your information is accurate and up-to-date.

Age Restriction: Sports gambling in Kenya is only permitted for individuals aged 18 and above. Bookie requires its users to verify their age before allowing them to engage in any gambling activities.

Terms and Conditions: Before making bets, it is necessary to familiarize yourself with the platform’s terms and conditions. This will help you avoid potential misunderstandings and ensure a smooth gambling experience.

Betting Limits: The bookie enforces minimum and maximum gambling limits for each market, ensuring a level playing field for all bettors. Be aware of these limits when making bets, as they may impact your gambling strategy.

Betting Rules: Each sport has its own gambling rules, which can change significantly. To avoid confusion and potential losses, ensure you familiarize yourself with the rules specific to the sport you’re gambling on.

Suspicious Betting: The bookie is dedicated to maintaining the integrity of its platform by monitoring for suspicious gambling activities. If such activities are detected, the platform takes appropriate action to investigate and prevent potential fraud.

Taxation: Sports gambling in Kenya is subject to taxes and fees. Be aware of these charges, as they may affect your overall winnings.

Match Cancellation, Postponement, and Waiver 

Helabet Match Cancellation, Postponement, and Waiver 

In HelaBet Kenya, there are instances when matches may be canceled, postponed, or waived due to unforeseen circumstances, such as adverse weather conditions, technical issues, or other external factors. You should know how the company handles these situations:

Match Cancellation: the company typically voids all bets placed on the event if a match is canceled before it starts. Your money will be repaid to you. Always check the rules and policies for each sport, as they may have different criteria for handling canceled matches.

Match Postponement: If a match is postponed and rescheduled within a specific timeframe (usually 24-48 hours), the company may keep the bets valid and settle based on the rescheduled match outcome. However, suppose the event is not rescheduled within the specified timeframe. All bets will be voided in that case, and money will be returned to your account.

Match Waiver: In cases where a match is abandoned or not completed, the company will generally void bets placed on the event, and your stake will be returned to your account. However, some markets may still be settled if the result was already determined before the match was abandoned (e.g., the first team to score). 

It’s essential to stay updated on any changes to matches or events you’ve bet on, as cancellations, postponements, and waivers can impact your betting outcomes.

How to Place a Winning Bet

Helabet How to Place a Winning Bet

Focus on a specific sport or league.

Specialize in one or a few sports or leagues. This lets you gain in-depth knowledge about the teams, players, and trends, increasing your chances of making accurate predictions.

Seek value bets.

Identify bets with odds that you believe undervalue the actual probability of the event occurring. Value bets can offer more significant returns in the long run.

Avoid emotional gambling. 

Never bet based on emotions, such as supporting your favorite team or attempting to recover from losses. Instead, always base your bets on objective research and analysis.

Understand gambling markets.

Familiarize yourself with the gambling markets available and their respective rules. This knowledge lets you identify the best markets to invest money in based on your analysis and expertise.

Stay updated on the news.

Stay informed about relevant news, such as player transfers, injuries, or coaching changes, which can impact a team’s performance and gambling odds.

Set realistic expectations.

Understand that winning every gamble is unrealistic. Instead, set achievable goals and maintain a long-term perspective.

How to Win the HelaBet Jackpot

How to Win the HelaBet Jackpot

Currently, the company does not offer a jackpot feature for its customers. However, the possibility of a Helabet jackpot being introduced in the future must be considered.

How to Withdraw Your Winnings

Helabet How to Withdraw Your Winnings
Go to the Withdrawal section
Log into your bookmaker account using your username and password. Once logged in, go to the “My Account” section and click on the “Withdrawal” option.
Select your Withdrawal Option
Choose your preferred withdrawal method from the available options: Cryptocurrencies (Bitcoin, Litecoin, Ethereum), Net Banking or e-wallets (Perfect Money, Astropay, PhonePe, etc.).
Specify the Amount
Specify the amount you wish to withdraw, taking into account the minimum withdrawal amount of 220 KES. Make sure your account balance is sufficient to cover the withdrawal amount. Review the information provided and ensure it is correct. Then click “Confirm” or “Submit” to initiate the withdrawal process.
Receive your Funds
Once the withdrawal has been processed, check your cryptocurrency, wallet, bank account or e-wallet to ensure that the funds have been successfully transferred.

What Are the Limits and Commissions in HelaBet

The platform has set specific withdrawal limits to ensure smooth transactions and maintain a secure gambling environment. The withdrawal limits are as follows:

Minimum Withdrawal: The minimum amount you can withdraw from your account is 220 KES.

Maximum Daily Withdrawal: You can withdraw up to 3 million KES daily from your account.Maximum Monthly Withdrawal: The maximum amount you can withdraw within a month is 9 million KES.

These withdrawal limits apply to all withdrawal methods, including cryptocurrencies, net banking, and e-wallets.

Commissions 

The company does not charge any service fees for deposits or withdrawals. However, checking with your payment provider is crucial, as they may impose their fees on transactions.

Taxes

In Kenya, sports gambling is subject to taxation, and it’s important to be informed of the tax implications when gambling.

Betting Tax: Kenya has a 20% tax on winnings. The Kenyan government may deduct this tax directly from your winnings before they are paid. Note that tax regulations may change over time, so always stay updated on the latest tax laws in Kenya.

Income Tax: Depending on your jurisdiction and individual circumstances, you may be required to report and pay income tax on your gambling winnings. Consult a tax professional or the relevant tax authority for guidance on reporting and paying taxes on your gambling income.

Always ensure you comply with local tax laws and regulations while gambling.

Conclusion

Helabet Conclusion

HelaBet Kenya is an exciting and user-friendly platform for sports gambling enthusiasts. With many gambling options, competitive odds, and diverse payment methods, The platform caters to the needs of bettors in Kenya. Remember to familiarize yourself with the platform’s requirements, conditions, and gambling rules to maximize your chances of success. Then, withdraw your winnings using the available payment methods, keeping in mind the minimum and maximum withdrawal limits. With proper research, bankroll management, and persistence, you can enjoy and potentially rewarding experience gambling on HelaBet.

FAQ

What is the minimum withdrawal from HelaBet?
The minimum withdrawal amount is 217 KES.
How do I use my HelaBet bonus?
You can gamble with the HelaBet bonus funds to use your bonus. You must meet the wagering requirements specified in the bonus terms and conditions to withdraw the bonus amount.
What are promo codes for HelaBet?
HelaBet Promo code may be offered during special promotions or events.
Is HelaBet working in Kenya?
Yes, the company is operational in Kenya.

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