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Overview
Fun/eye-catching volcanic theme & graphics; early fixed odds release; unique promos for loyal customers; Blended Bets & Same Race Multi; BetCloud platform for speed/simplicity; strong racing coverage MyBettingSites, MyBettingMate
VolcanoBet was established in 2023 (launched July 2023) and is operated by Volcano (Aust) Pty Ltd (ABN 26 666 349 293, registered March 2023, Melbourne VIC). The operator holds a licence from Victorian Gambling and Casino Control Commission (VGCCC); licensed bookmaker in Victoria; member of Victorian Bookmakers’ Association MyBettingSites, Casino.com AU, MyBettingMate.
We tested VolcanoBet 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 | 2023 (launched July 2023) |
| Launched | Jan 2024 |
| Parent Company | Volcano (Aust) Pty Ltd (ABN 26 666 349 293, registered March 2023, Melbourne VIC) |
| Licence | Victorian Gambling and Casino Control Commission (VGCCC); licensed bookmaker in Victoria; member of Victorian Bookmakers’ Association MyBettingSites, Casino.com AU, MyBettingMate |
| Overall Rating | 4.5/5.0 |
Our Rating
Sports and Racing Markets
Sports (7-10 major incl. AFL, NRL, NBA, NFL, cricket, soccer, tennis, rugby, baseball, ice hockey, darts, American football); Racing (thoroughbreds, greyhounds, harness - Australian, international incl. Ireland/UK/US/SA/NZ, exotics like trifecta/quinella/quaddie) MyBettingSites, Bets.com.au, MyBettingMate
For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. VolcanoBet covers all of these extensively. See our horse racing betting guide for market types and strategies.
Key Features
Same Game Multi/Same Race Multi, Cash Out, Blended Bets (back multiple runners for fixed return), Protest Payouts (Aus racing fixed odds), Quaddies; no live betting/streaming MyBettingSites, Casino.com AU
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 for iOS (App Store) and Android (Play Store); fast, user-friendly, glitch-free, full site features MyBettingSites, App 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
VolcanoBet accepts the following deposit methods: Debit/Credit Card (Visa/MasterCard) only; instant MyBettingSites, Blackjackpot. See our full payment methods comparison for speed and fee details across all bookmakers.
For withdrawals: Bank Transfer only; processed daily Mon-Fri afternoon (3-4pm); 1-3 business days (often same/next day); no fees; no weekend processing; KYC required first time MyBettingSites. Check the withdrawal speed tracker for how VolcanoBet compares on payout times.
The minimum deposit is Not specified in sources (standard low limits assumed) and the minimum bet is Not specified in sources (standard $0.01-$1 assumed for Aus bookies). 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 |
| Bank Transfer | $10-$20 | 1-3 business days | 1-5 business days |
Customer Support
24/7 Live Chat (fast), Email/Ticket Requests; no phone MyBettingSites, Casino.com AU
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, 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. VolcanoBet 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
- Limited customer support channels
- Limited deposit options
- Promotional offers limited by Australian regulations
Verdict
VolcanoBet scores 4.5/5.0 in our testing. Positive for new site: fast app/site, good support, competitive odds, unique features; 3.5-4/5 ratings; praised for user-friendliness & racing Trustpilot, MyBettingSites
For punters who prioritise racing markets and competitive odds, VolcanoBet 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: Limited deposit options; no live betting/streaming; thin sports depth (7-10 sports); minimal racing form/analysis; fixed odds availability unclear pre-click; no Tote; young site so smaller liquidity M.
Compare VolcanoBet
Test Log
| Date Tested | April 2026 |
| Tested By | Ryan Mahoney, Lead Analyst |
| Devices | Samsung Galaxy S24, Windows Desktop |
| Deposit Method | Debit/Credit Card (Visa/MasterCard) only; instant MyBettingSites |
| Deposit Time | Instant |
| Withdrawal Method | Bank Transfer only |
| Withdrawal Time | 1-3 business days |
Related Content
Change Log
- April 2026, Review published based on hands-on testing
18+. T&Cs apply. IMAGINE WHAT YOU COULD BE BUYING INSTEAD. For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au Gamble responsibly. Call 1800 858 858 for support.