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4.8
Review Rating
  • A new site with a modern UI
  • Offers the best tote odds for Aussies
  • Up to 15 different sports to choose from
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MidasBet Overview

The site is owned and operated by MidasBet Pty Ltd, which is a 100% Aussie-based and registered company, therefore guaranteeing seamless usage. The site is freshly introduced to the market, which means the features, tags, and UI are fine-tuned to the latest website trends in the betting world. Although new to the Aussie market, it rivals a lot of established bookmakers online. It provides exceptional customer service, quality games, and impressive odds. Its game library includes rare horse racing to the most popular dog racing and football matches.

There is no betting app yet, but players can look forward to this in the future as the team will likely get up to date with mobile gameplay soon. Thanks to the wide range of games and events, it caters to both newbies and experienced players. You’ll get to enjoy some unique promotions as an existing member, but you won’t be a beneficiary of a welcome bonus here. Another cool feature of the site is the great odds that are applicable on diverse markets with the swift deposits and withdrawals system. There’s no live betting, and only same-day bets are accepted.

Pros & Cons

  • Impressive bonus
  • New site with fresh features
  • Great selections of events
  • Limited payment options
  • No live streaming
  • No longevity
  • Betting Variety
  • Mobile Experience
  • Payment Options
  • Betting Experience
  • Customer Support
  • Overall Experience
4.8
Overall Rating

Website Screenshots

App Screenshots

Credibility

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Australian Communications and Media Authority
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New South Wales Bookmakers’ Co-Operative
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ABN 21 649 987 735

MidasBet is a reputable bookmaker thriving in Australia. The bookmaker hasn't been around for long, but since its inception in 2022, it has gathered thousands of players from across the country. MidasBet is an approved member of the NSW Bookmakers Co-operative, which further boosts its credibility that players can rest assured of guaranteed payments on all their winnings and bets that are placed on its site.

Its database is built on the popular GenerationWeb betting platform, so you can expect reliable features and services. The business is 100% Australian-owned, and the operation is registered under the name MIDASBET PTY LTD and licensed to operate by Greyhound Racing NSW. It also offers international and local horse racing, football, tennis, basketball, and various others. You can select from the list of 15 different sports on its site.

Payment Methods

Deposit Methods

  • VISA cardInstant
  • Master CardInstant
  • Bank Transfer / EFT48-72 horus

You might find that the deposit options available on the site aren't as extensive as some established bookmakers. They are limited to just five options, which are mainly payment processors in the Australian market.

There is also a potential change to the Interactive Gambling Act, which would see a further reduction in the number of payment options with the ban of credit cards as a deposit method for betting sites by the Australian government. This would also mean that you would only be able to use Visa or MasterCard debit cards as your deposit option, including less-used alternatives like direct bank transfers.

Withdrawal Methods

  • Visa Card1-3 days
  • Master Card1-3 days
  • EFT / Bank Transfer1-3 days

As with deposits, players have few options for their withdrawals. Players should also brace for more limitations once the proposed changes to the Interactive Gambling Act are passed. This will limit withdrawals to only direct transfers unless other withdrawal methods are added.

However, the green light here is that the withdrawals are swift, taking just minutes or a few days in case of delays.

Customer Support

MidasBet @ A Glance

  • Founded on

    01-Jan-2022
  • Headquarters

    NSW
  • Owners

    MidasBet Pty Ltd
  • Odds Provider

    MidasBet
  • Game Types

    Sportbook,Racing
  • Betting functions

    Race & Sports Betting, Racing, Phone Betting, Tote
Set a deposit limit. For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au .
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BetStop - the National Self Exclusion Register is a free service for people who want to exclude from all Australian online wagering providers. For more info visit www.betstop.gov.au .
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