Punt123 Review

Overview

100% Australian owned/operated, racing-focused with live streaming, tips/form guides/speedmaps, competitive odds, personalised promos, simple/fast app/site, supports local bookmaking

Punt123 was established in 2022 and is operated by Operated by Michael Harrak (owner), Melbourne-based. The operator holds a licence from Victorian Gambling and Casino Control Commission (VGCCC) bookmaking registration; Internet Class Member of Victorian Bookmakers’ Association Limited (VBA); Club Bookmakers’ License approved by Racing Victoria Limited; authorised in South Australia (permit 54300761).

We tested Punt123 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 (Australian and international incl. Grand National, Kentucky Derby), greyhounds, AFL, NRL, cricket, Aussie rules, baseball, basketball, darts, soccer, and 14+ other sports categories

For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. Punt123 covers all of these extensively. See our horse racing betting guide for market types and strategies.

Key Features

Same game/race multis, live betting (racing), live streaming (Punt123TV/SkyRacing), cash out/protest payouts, bet builder, top tote, speedmaps, form guides, tips

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

Yes, native apps available for iOS (App Store) and Android (Google Play Store)

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

Punt123 accepts the following deposit methods: Debit/credit cards (Visa/Mastercard), Apple Pay, Google Pay, POLi, bank transfer/Osko (min $10, instant except first Osko up to 24h). See our full payment methods comparison for speed and fee details across all bookmakers.

For withdrawals: Bank transfer (min $20, next business day if requested by 5pm AEST; daily fast withdrawals advertised), turnover deposit once before withdrawal. Check the withdrawal speed tracker for how Punt123 compares on payout times.

The minimum deposit is $10 AUD and the minimum bet is $0.50 AUD (some sources note $0.01). These are in line with industry standards for Australian bookmakers.

Customer Support

Live chat and email ([email protected]), available 9am-10pm AEDT Mon-Sun (no phone)

Support hours are adequate for most users, though we would prefer to see 24/7 availability given the nature of live betting and racing schedules.

Responsible Gambling Tools

Deposit/bet limits, self-exclusion (24h to permanent), BetStop national register, cooling off; complies with VBA Responsible Gambling Code

All Australian-licensed operators are required to provide deposit limits, self-exclusion options, and integration with the BetStop National Self-Exclusion Register. Punt123 meets these requirements.

Pros & Cons

Verdict

Punt123 scores 3.6/5.0 in our testing. Generally positive as new racing-focused Aussie bookie with good service/odds/app (4.8/5 App Store, 3-4* review scores); praised for ease, promos, support

Punt123 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: Some Trustpilot complaints re account restrictions on winners, delayed payouts/verification issues, bonus denials; no major regulatory actions found.

Test Log

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