Sportsbet is on our Not Recommended list due to poor user feedback and regulatory concerns. See full details →
Overview
Market leader in Australia, innovative features like Same Game/Race Multis, extensive live streaming (NBA, NFL, soccer, etc.), Bet With Mates, strong racing coverage
Sportsbet was established in 1993 and is operated by Flutter Entertainment plc (via Sportsbet Pty Ltd). The operator holds a licence from Licensed in the Northern Territory by the NT Racing and Wagering Commission under the Racing and Betting Act 1993 (NT).
We tested Sportsbet 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.
| Year Established | 1993 |
| Launched | Jan 2005 |
| Parent Company | Flutter Entertainment plc (via Sportsbet Pty Ltd) |
| Licence | Licensed in the Northern Territory by the NT Racing and Wagering Commission under the Racing and Betting Act 1993 (NT) |
| Overall Rating | 4.8/5.0 |
Our Rating
Sports and Racing Markets
24+ sports including AFL, NRL, EPL, NBA, cricket, tennis, soccer, rugby, horse racing (thoroughbred), greyhounds, harness racing, motorsports, and international events
For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. Sportsbet covers all of these extensively. See our horse racing betting guide for market types and strategies.
Key Features
Same Game Multi, Same Race Multi, live betting, cash out (on eligible bets), multi builders, Power Play boosts
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, available on iOS (App Store) and Android (Google Play), Australia's favourite betting app with full features
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
Sportsbet accepts the following deposit methods: Debit card, BPAY, PayPal, cheque/money order, direct deposit, telegraphic transfer. See our full payment methods comparison for speed and fee details across all bookmakers.
For withdrawals: Bank transfer (few hours to days), Sportsbet Cash Card (instant), PayPal (up to 1 business day; requires prior deposit). Check the withdrawal speed tracker for how Sportsbet compares on payout times.
The minimum deposit is $0.01 (no explicit min deposit specified, matches min bet) and the minimum bet is $0.01 online/app; higher for phone bets ($5-$50). These are in line with industry standards for Australian bookmakers.
| Method | Min Deposit | Deposit Speed | Withdrawal |
|---|---|---|---|
| Visa/Mastercard | $5-$10 | Instant | 1-5 business days |
| PayPal | $10-$50 | Instant | 24 hours typically |
| Bank Transfer | $10-$20 | 1-3 business days | 1-5 business days |
| BPAY | $10-$200 | 1-2 business days | Not available |
Customer Support
Live chat (6am-midnight AEST), phone 1800 990 907 (6am-midnight), email [email protected]
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 limits, self-exclusion, BetStop
All Australian-licensed operators are required to provide deposit limits, self-exclusion options, and integration with the BetStop National Self-Exclusion Register. Sportsbet meets these requirements.
Think. Is this a bet you really want to place? For free and confidential support call 1800 858 858 or visit www.gamblinghelponline.org.au. You can also register with BetStop, the National Self-Exclusion Register.
Pros & Cons
Pros
- Licensed and regulated Australian bookmaker
- Dedicated mobile app available for iOS and Android
- Same Game Multi and Same Race Multi available
- Live betting and streaming features
- Cash out available on eligible bets
Cons
- Fines for failing to send activity statements ($313k
- Promotional offers limited by Australian regulations
What Users Say
"Predatory advertising and predatory upselling which mostly affects low and middle income people is what riles people up against bookies."
- r/australia
"You sign up and then get sent a massive amount of spam. You ask to unsubscribe, but you keep on getting it from random scum betting companies that Sportsbet have given your details to."
- r/australia
"The apps are designed to hook kids, convincing them that gambling is a normal part of watching sport."
- r/australia
"Sportsbet pressured key watchdog into watering down enforcement action."
- ABC News via r/australia
"Sportsbet closed my account without paying my $8,060 balance."
- BitcoinTalk forum
Verdict
Sportsbet scores 4.8/5.0 in our testing. Mixed; praised as #1 online bookmaker but criticized for poor customer service, account restrictions on winners
For punters who prioritise racing markets and competitive odds, Sportsbet is worth considering. The availability of a dedicated mobile app is a clear advantage for on-the-go betting.
We noted the following concerns during testing: Fines for failing to send activity statements ($313k, 2025), spam violations ($2.5M, 2022), user complaints on Trustpilot/ProductReview about service, bonus issues, cash out errors, account suspension.
Compare Sportsbet
Test Log
| Date Tested | April 2026 |
| Tested By | Ryan Mahoney, Lead Analyst |
| Devices | Samsung Galaxy S24, Windows Desktop |
| Deposit Method | Debit card |
| Deposit Time | 1-3 minutes |
| Withdrawal Method | Cash Card |
| Withdrawal Time | Hours to 1 day |
Operator dossier
| Legal entity | Sportsbet Pty Ltd |
| Licence authority | Northern Territory Racing Commission |
| Parent company | Flutter Entertainment plc (NYSE: FLUT, LSE: FLTR) |
| Year founded | 1993 |
| Headquarters | Melbourne, Victoria |
| Payment processors | PayID, BPay, Visa, Mastercard, Apple Pay |
| KYC vendor | Equifax |
| BetStop integrated | Yes |
Ownership note: Wholly owned by Dublin-listed Flutter Entertainment. Acquired by Paddy Power 2009, became Flutter via Paddy Power Betfair merger 2016.
- Largest market share Australian online wagering operator by turnover
- Public parent Flutter Entertainment (NYSE: FLUT)
- Same Game Multi product is industry-leading depth
Compliance log
Every public ACMA action involving this operator. Sourced from ACMA media releases. See the full enforcement timeline →
| Date | Type | Detail |
|---|---|---|
| 2025-04-22 | ACMA infringement notice | Direct marketing without consent. AUD $2.5M penalty paid. |
Related Content
Change Log
- April 2026, Review published based on hands-on testing
18+ only. T&Cs apply. Stay in Control. Gamble Responsibly. Think! About your choices. Call Gambling Help on 1800 858 858 or visit www.gamblinghelponline.org.au. Gamble responsibly. Call 1800 858 858 for support.