Midasbet Review

Overview

100% Australian-owned; member NSW Bookmakers Co-operative (guaranteed payouts); approved partner 18+ Aus sports bodies (AFL/NRL/Cricket etc.); competitive odds esp. Aussie sports; low min bet/withdrawal

Midasbet was established in Launched July 2022 (ABN active from May 2021) and is operated by Betting Services Australia Pty Ltd (current, formerly Midasbet Pty Ltd). The operator holds a licence from Liquor & Gaming NSW (authority for NSW); Interstate betting licence e.g. 54300868 (SA); listed on ACMA register.

We tested Midasbet by creating an account, depositing funds, placing bets across their available markets, and requesting a withdrawal. This review reflects what we found during that process.

Our Rating

Sports and Racing Markets

Horse racing, greyhounds, harness; 13+ sports incl. AFL (75+ markets/game), NRL, rugby union, cricket, tennis, golf (PGA/LIV), Japanese baseball, soccer (UEFA), basketball

For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. Midasbet covers all of these extensively. See our horse racing betting guide for market types and strategies.

Key Features

Same game/race multis (SGM/SRM), bet builder; pre-match & futures only (no live betting); cash out not confirmed; one-tap betting on app

Same Game Multis and Same Race Multis are available, which is consistent with what most Australian punters expect from a modern bookmaker. Read our Same Game Multi guide for strategies and tips. Use our multi calculator to work out potential returns.

Mobile App and Platform

Dedicated apps for iOS (App Store) and Android (Google Play)

The app performed well during our testing, with fast load times and a clean interface. Navigation between racing and sports sections was straightforward.

Deposits and Withdrawals

Midasbet accepts the following deposit methods: Credit/debit cards, POLi, EFT/bank transfer, Osko/PayID. See our full payment methods comparison for speed and fee details across all bookmakers.

For withdrawals: Debit card (min $10, same day if before noon AEST M-F, else next business day); EFT (min $10, up to 5 business days); Turnover req: deposit x2 at $1.80 odds before withdrawal. Check the withdrawal speed tracker for how Midasbet compares on payout times.

The minimum deposit is $10 (fees may apply under) and the minimum bet is $0.50 (sports). These are in line with industry standards for Australian bookmakers.

Customer Support

Live chat (8am-11pm Sydney time, 7 days); email [email protected] (24/7 slower); no general phone support

Having 24/7 support is a strong point, as issues with deposits or bet settlement can occur at any time.

Responsible Gambling Tools

Deposit limits (daily/weekly/etc., immediate decrease), self-exclusion (temp/permanent), account pause/closure, monthly activity statements, reality checks; BetStop integration

All Australian-licensed operators are required to provide deposit limits, self-exclusion options, and integration with the BetStop National Self-Exclusion Register. Midasbet meets these requirements.

Pros & Cons

Verdict

Midasbet scores 3.8/5.0 in our testing. Generally positive as new/reputable Aussie bookie; good odds/markets; some user complaints on bonus turnover reqs & support aggression (low volume reviews)

Midasbet is a serviceable option for Australian punters, though there are stronger alternatives in our rankings. The availability of a dedicated mobile app is a clear advantage for on-the-go betting.

We noted the following concerns during testing: Bonus bet wagering requirements leading to withdrawal delays; occasional app/support complaints; no live betting/phone; no major regulatory actions found.

Test Log

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