MidasBet is an Australian-owned online bookmaker launched in July 2022, specializing in thoroughbred racing markets with comprehensive sports betting options. Licensed by Greyhound Racing NSW and operated by MIDASBET PTY LTD, the platform focuses on delivering competitive tote odds and detailed form guides for racing enthusiasts.
MidasBet entered the Australian online betting market in July 2022 as a locally-owned alternative to international bookmakers. The platform distinguishes itself through a concentrated focus on racing markets, particularly thoroughbred racing, while maintaining a solid selection of sports betting options. Operating under the registered trading name MIDASBET PTY LTD with licensing from Greyhound Racing NSW, the bookmaker targets punters who prioritize racing content and competitive tote odds over extensive sports coverage.
The platform's design philosophy centers on simplicity and speed, with a minimalist interface that prioritizes functionality over visual complexity. While the color scheme may appear understated compared to competitors, this approach reduces loading times and streamlines navigation, particularly on mobile devices. The absence of dedicated mobile applications is offset by a responsive mobile website that maintains full functionality across devices.
MidasBet's website architecture employs a three-panel layout system that facilitates quick navigation between racing and sports markets. The homepage prominently displays upcoming races with countdown timers, current odds, and direct links to form guides. This racing-first approach reflects the bookmaker's core strength and target demographic.
The mobile site operates without requiring app downloads, utilizing responsive web design to adapt to various screen sizes. Load times are notably fast compared to many competitors, with race cards and odds updating in real-time without significant lag. The interface uses a straightforward menu system that allows users to switch between thoroughbred, harness, and greyhound racing with minimal clicks.
The platform organizes racing content by jurisdiction and time, with Australian meetings listed first followed by international events. Users can filter by race type, track condition, and distance. Each race card includes comprehensive form information, barrier draws, jockey and trainer statistics, and historical track data. Price fluctuations are displayed graphically, allowing punters to track market movements leading up to race start times.
Sports betting markets are accessed through a separate tab, with events organized by sport and competition. The selection focuses on major leagues and tournaments, with pre-match and futures markets available but no live in-play betting options. This limitation reflects the bookmaker's strategic positioning as a racing specialist rather than a full-service sports betting platform.
MidasBet provides extensive coverage of Australian thoroughbred racing, including all metropolitan and provincial meetings. The platform offers tote odds on every Australian race, with fixed odds available for selected events. International racing coverage spans major jurisdictions including Hong Kong, Singapore, United Kingdom, Ireland, France, South Africa, and the United Arab Emirates.
The thoroughbred racing product includes standard bet types such as win, place, quinella, exacta, trifecta, first four, and quaddie options. Form guides integrate data from multiple sources, presenting barrier trial results, track work reports, and comparative speed ratings. The platform displays both current odds and opening prices, with percentage movements highlighted for easy identification of market trends.
Quaddie betting receives particular attention, with dedicated pages showing pool sizes, dividend estimates, and suggested combinations. The interface allows users to box selections or create flexi bets to manage stake amounts across multiple combinations. Results are posted immediately after races conclude, with dividends calculated and accounts credited within minutes.
Harness racing coverage includes all Australian meetings plus selected international events from New Zealand and North America. Form guides provide sectional times, barrier statistics, and driver performance data. Greyhound racing extends to all Australian tracks with box draw analysis, career statistics, and kennel form included in race cards.
The platform offers the same bet type variety across all three racing codes, with tote and fixed odds available depending on the event. Multi-race betting options include daily doubles, running doubles, and pick-three bets for selected meetings. Exotic bet calculators help users determine potential returns for complex wagers.
While racing dominates the platform, MidasBet maintains a functional sports betting section covering major Australian and international competitions. The sports menu includes Australian Rules Football, Rugby League, Rugby Union, soccer, cricket, tennis, basketball, baseball, boxing, golf, gridiron, ice hockey, netball, snooker, and volleyball.
AFL and NRL receive the most comprehensive coverage, with head-to-head markets, line betting, and total points options available for all matches. Futures markets cover premiership winners, top four finishes, and individual awards like the Brownlow Medal and Dally M Medal. Player performance markets are limited compared to larger bookmakers, with most events offering only basic scoring and disposal options.
Cricket betting includes all international formats plus domestic competitions like the Big Bash League and Sheffield Shield. Markets cover match winners, top batsman, top bowler, and total runs, with limited prop bets available. Tennis coverage extends to ATP, WTA, and Grand Slam events, with set betting and game handicaps supplementing standard match winner markets.
MidasBet operates under a license from Greyhound Racing NSW, providing legal wagering services across Australia. The platform uses GenerationWeb technology to deliver a streamlined betting experience focused primarily on racing markets. Account registration requires standard verification procedures, with customers needing to provide identification documents before making withdrawals.
The bookmaker accepts deposits through multiple payment methods including debit cards, VISA, MasterCard, direct bank transfers, and POLi. Withdrawals are processed through the same channels, with processing times varying by method. The platform emphasizes responsible gambling practices and complies with Australian federal legislation that prohibits welcome bonuses and sign-up incentives.
Soccer betting spans major European leagues including the English Premier League, Spanish La Liga, German Bundesliga, Italian Serie A, and French Ligue 1. UEFA Champions League and Europa League matches receive full coverage during competition periods. Markets include match results, both teams to score, correct score, and first goalscorer options.
American sports coverage includes NBA basketball, NFL gridiron, NHL ice hockey, and MLB baseball, with markets limited to match winners and basic handicaps. The platform does not offer extensive prop betting or same-game multis, maintaining a straightforward approach that suits traditional punters rather than those seeking complex betting combinations.
MidasBet provides futures betting across multiple sports, with odds available months in advance for major events. AFL and NRL premiership markets open before each season, with weekly updates reflecting team performance and injury news. International soccer leagues offer winner, top four, and relegation markets, while tennis futures cover Grand Slam champions for both men's and women's competitions.
Golf betting includes major championships like The Masters, US Open, Open Championship, and PGA Championship, with outright winner markets and top-10 finish options. Boxing coverage focuses on significant title fights, with method of victory and round betting available for featured bouts. The platform does not currently offer esports betting, which may disappoint younger demographics but aligns with the bookmaker's traditional racing focus.
MidasBet accepts deposits through debit cards, VISA, MasterCard, direct bank transfers, and POLi instant banking. Minimum deposit amounts vary by method, typically starting at 10 Australian dollars. Deposits process instantly for card and POLi transactions, while bank transfers may take several hours depending on the sending institution.
Withdrawals require account verification, with customers needing to submit government-issued identification and proof of address before processing their first withdrawal. This standard industry practice prevents fraud and ensures compliance with anti-money laundering regulations. Once verified, withdrawal requests are processed within 24 to 48 hours for most methods.
The platform does not charge fees for deposits or withdrawals, though customers should check with their banks regarding potential transaction charges. Withdrawal limits apply based on account history and verification status, with higher limits available for established customers. The bookmaker reserves the right to request additional documentation for large withdrawals or unusual account activity.
Australian federal legislation prohibits bookmakers from offering welcome bonuses or sign-up incentives to new customers. MidasBet complies with these regulations, meaning no deposit matches or free bets are available during registration. Instead, the platform focuses on ongoing promotions for existing members.
Registered customers access weekly promotions including price boosts on selected races, bonus bet offers for multi-leg racing bets, and second-chance refunds on specific markets. These promotions rotate regularly, with details published on the promotions page and communicated via email to opted-in members. Terms and conditions apply to all offers, with minimum odds requirements and turnover conditions standard across most promotions.
The platform operates a loyalty points system where customers earn points based on betting activity. Points accumulate with each wager placed, regardless of outcome, and can be redeemed for bonus bets or account credits. Higher-tier members receive enhanced point earning rates and access to exclusive promotions not available to standard account holders.
MidasBet provides customer support through live chat and email channels. The live chat function operates 24 hours per day, seven days per week, with response times typically under two minutes during peak periods. Support staff handle account queries, technical issues, deposit and withdrawal questions, and general betting assistance.
Email support is available at [email protected], with responses typically provided within 12 to 24 hours. Complex queries requiring investigation may take longer, with customers receiving acknowledgment emails and estimated resolution timeframes. The support team demonstrates solid knowledge of racing and betting procedures, though responses to technical issues sometimes require escalation to specialized teams.
The platform does not currently offer telephone support, which may frustrate customers who prefer voice communication for urgent issues. However, the live chat system provides adequate real-time assistance for most situations. The website includes a basic FAQ section covering common questions about account management, betting rules, and payment methods, though this resource could benefit from expansion.
Operating under a Greyhound Racing NSW license, MidasBet adheres to Australian gambling regulations including mandatory responsible gambling measures. The platform provides deposit limit tools, allowing customers to set daily, weekly, or monthly caps on their betting activity. Self-exclusion options enable users to temporarily or permanently close their accounts if gambling becomes problematic.
The website displays responsible gambling messages and links to support services including Gambling Help Online and the national gambling helpline. Customers can access their complete betting history, showing all wagers placed, amounts staked, and outcomes. This transparency helps punters monitor their activity and identify potentially harmful patterns.
The bookmaker implements verification procedures to prevent underage gambling, requiring proof of age during the registration process. Accounts found to belong to individuals under 18 years old are immediately closed, with funds returned to the source. The platform also monitors for signs of problem gambling, with customer service teams trained to identify concerning behavior and offer assistance resources.
MidasBet occupies a specific niche within the Australian betting market, competing directly with other racing-focused bookmakers rather than attempting to match the comprehensive offerings of major operators. The platform's strength lies in its racing product, particularly tote odds and form information, where it matches or exceeds many established competitors.
Compared to full-service bookmakers offering extensive sports coverage, live streaming, and in-play betting, MidasBet appears limited. However, for punters prioritizing racing markets and straightforward betting options, the streamlined approach offers advantages including faster load times, simpler navigation, and less visual clutter. The absence of features like live streaming and cash-out options represents genuine limitations for some users but reduces operational complexity and potentially allows for more competitive odds.
MidasBet serves a specific segment of the Australian betting market effectively, providing a racing-focused platform with competitive odds and comprehensive form information. The bookmaker's Australian ownership, fast mobile site, and quality customer service create a solid foundation for punters who prioritize these elements over extensive sports coverage or advanced betting features.
The platform's limitations are clear: no live streaming, no mobile apps, restricted sports markets, and no in-play betting. These gaps make MidasBet unsuitable as a sole bookmaker for punters seeking comprehensive betting options across all sports and features. However, as a specialized racing bookmaker or supplementary account for accessing competitive tote odds, the platform delivers genuine value.
Prospective customers should consider their betting priorities before joining. Racing enthusiasts who value detailed form guides, tote odds, and straightforward betting interfaces will find MidasBet well-suited to their needs. Sports bettors seeking extensive markets, live betting, and advanced features should view this bookmaker as a complementary option rather than a primary account. The absence of welcome bonuses, mandated by Australian law, means customers can join without pressure to meet turnover requirements, allowing genuine evaluation of the platform's merits.
Yes, MidasBet operates under a license issued by Greyhound Racing NSW. The bookmaker is registered as MIDASBET PTY LTD and is 100% Australian-owned, complying with all federal and state gambling regulations applicable to online wagering services.
No, Australian federal legislation prohibits all bookmakers from offering sign-up bonuses or welcome incentives to new customers. MidasBet complies with these regulations, but registered members can access ongoing promotions including price boosts, bonus bets, and loyalty rewards.
MidasBet accepts deposits via debit cards, VISA, MasterCard, direct bank transfers, and POLi instant banking. Withdrawals are processed through the same methods used for deposits. The platform does not charge fees for transactions, though customers should verify potential bank charges.
Yes, the referral code BETSAU can be entered during the registration process in the designated promo code field. While this does not provide a welcome bonus due to legal restrictions, it may grant access to member-exclusive promotions once your account is active.
No, MidasBet does not currently provide live streaming services for racing or sports events. Customers need alternative methods to watch races, such as free-to-air television coverage or other streaming platforms, while placing bets through MidasBet.
MidasBet covers thoroughbred, harness, and greyhound racing from all Australian tracks plus major international meetings. Available bet types include win, place, quinella, exacta, trifecta, first four, and quaddie options, with both tote and fixed odds offered on selected events.
After initial account verification is complete, withdrawal requests are typically processed within 24 to 48 hours. Actual receipt of funds depends on the chosen method, with bank transfers potentially taking an additional 1 to 3 business days to appear in customer accounts.
MidasBet does not currently offer dedicated mobile applications for iOS or Android devices. However, the mobile-optimized website provides full functionality across all devices, with fast loading times and responsive design that adapts to various screen sizes.
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