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What happened to Wakabet? - Are they still functional?

| 18.10.2020
What happened to Wakabet? - Are they still functional?

What happened to Wakabet?

In 2017 when Wakabet came into the scene, it showed the true potential to become one of Tanzania's best bookmakers. At that time, they had some of the best promotions in the market, and the welcome bonus seemed irresistible to many bettors in Tanzania.

 Now, we are close to the end of 2020, and it is impossible not to notice the sudden disappearance of Wakabet. Their operations were fully online, so tracing them to a physical location would have been difficult for those who really wanted to find them. So, the question, and the reason why you're here - what happened to Wakabet?

wakabet website is down

What happened?

To get the answer to that question, we’ve to go back to 2019. The business was booming for Wakabet. Sources have it that the company was worth around $25,000 towards the end of 2019. Some would consider that to be too small but trust me, it was a good amount for a business that was barely 3 years old.

However, complaints had been arising here and there about the credibility of the site. Many bettors took their frustration to bet forums to complain about how they weren’t allowed to make withdrawals due to false claims of fixed matches. As a result of this, they were reported multiple times to the Gaming Board of Tanzania for scrutiny.

After investigation, they were first of all banned by the EFCC in Nigeria for illegal activities. And at that time, it became clear that the end was near for Wakabet. Shortly after their ban in Nigeria, the Gaming Board of Tanzania also found them guilty of violating the Gaming Act. With all these bans in several African Countries, it was time for Wakabet to go.

If you go to their website now, it won’t load because their site has been closed. In case you have been trying to open their website to no avail, now you should that they are closed. More importantly, you should know the reason for that. 

So now that Wakabet is closed, your journey has a bettor that doesn’t have to end with them. There are still so many great bookmakers out there to choose from. As a bonus tip, we would be a doing quick review of five of the Top Local Bookmakers we have in Tanzania that can serve as good alternatives.

Alternative Bookmakers in Tanzania

1. Premierbets

Premier bets need no introduction. They give one of the best odds in the betting market, and they are fully licensed by the Gaming Board of Tanzania as a bookmaker. They are prominent in many other African countries like Nigeria, Ghana, Rwanda, Senegal, Zambia, and so on.

PremierBet

They claim to be the biggest betting site in Africa. With several promotions, they have been able to attract a lot of customers. They have a 100% welcome bonus and many other promotions like Odds Boost, Weekly free bets, and many more. Deposit and Withdrawals also very easy with Premierbets. They offer deposits and withdrawal methods that are very accessible to Tanzania bettors.

2. M-bet

M-bet is a bookmaker that has gained reasonable grounds in Tanzania ever since it arrived in 2017. They have successfully earned a great market share, and from 2017 till now, a good number of bettors have been able to cash out big with them.  

M-bet Tanzania

They have great promotions that are sure to reward your loyalty. With little money, you stand a chance to win a lot of money when you bet in their perfect 12 jackpot. They have an excellent customer care service that is always available to answer all your questions. You can withdraw and deposit via Vodacom, Tigo, Airtel, and Halotel. These are safe and secure transaction methods, so you don’t have to worry about losing your money.

3. Meridianbet

Founded in 2007, Meridianbet is a bookmaker that has stood the test of time. They operate all over the world, and ever since they made the way to the Tanzanian market, they have proven to be worthy competition. 

Meridianbet Tanzania

They offer odds for football matches from 31 countries, including the popular English and Spanish Leagues we all love. With betting offers across several leagues, Meridianbets gives bettors the opportunity to win bets across different leagues. They also have an online casino where you can play slots, video poker, and several other online casino games. Meridianbets also offers several promotions to retain their customers and a welcome bonus to welcome their new customers.

4. Bingwabet

Bingwabet is entirely a Tanzanian Betting Company that was founded in 2018. It has its headquarters in Dar es, Saleem. They have been in partnership with NCsoft, a European company specializing in developing virtual sports and sports betting software. They are 8 virtual sports and odds for so many football matches across the world on their website. 

Bingwabet

Thanks to their partnership with Sportradar, they can provide football statistics in real-time for their customers. They have a very attractive welcome bonus, and they even offer higher odds than some bookmakers. However, you should know that Bingwabet doesn’t have a mobile application. Let’s hope they are working on having one. 

5. Princessbet

It only took Princessbet a short while to establish itself as a reliable platform. Their website is well designed with a user interface that is sure to give you the best experience. One of the best things about the Princessbet website is their live chat section. They have a live agent that is always online to answer all your questions.

Proncessbet tanzania

They have a minimum deposit of 1000 TSH and several promotions that would make you a profitable bettor. Without any doubt, they offer one of the best odds in Tanzania, and they are very quick to pay when you win. 

Conclusion

Wakabet is closed, but there are still many bookmakers you can patronize to place your bets. We have listed five of the top bookmakers in Tanzania. You are free to choose anyone you find most valuable. You can be sure that they are all licensed and regulated in Tanzania. With that said HAPPY BETTING!!

Merianbet best odds

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